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Hero MotoCorp Ltd share price logo

Hero MotoCorp Ltd

(HEROMOTOCO)

₹4767.850.17%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Hero MotoCorp Ltd Analyst Rating

based on 38 analysts

BUY

60.53%

Buy

18.42%

Hold

21.05%

Sell

Based on 38 analysts offering long term price targets for Hero MotoCorp Ltd. An average target of ₹5398.37

Source: S&P Global Market Intelligence

Hero MotoCorp Ltd Share analysis

Hero MotoCorp Ltd price forecast by 38 analysts

Upside of13.04%

High

₹6664

Target

₹5398.37

Low

₹3300

Hero MotoCorp Ltd target price ₹5398.37, a slight upside of 13.04% compared to current price of ₹4767.85. According to 38 analysts rating.

Source: S&P Global Market Intelligence

Hero MotoCorp Ltd Performance

  • Day's Low

    Day's High

    ₹4,741.2
    ₹4,820
  • 52 Week's Low

    52 Week's High

    ₹3,315.6
    ₹6,246.25
1 Month Return-8.9 %
3 Month Return-9.63 %
1 Year Return+ 41.44 %
Previous Close₹4,775.80
Open₹4,799.95
Volume5.72L
Upper Circuit-
Lower Circuit-
Market Cap₹95,506.50Cr

Hero MotoCorp Ltd Key Statistics

P/E Ratio23.07
PEG Ratio0.52
Market Cap₹95,506.50 Cr
P/B Ratio5.24
EPS187.2
Dividend Yield2.97
SectorAutomobile
ROE22.88

Hero MotoCorp Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹95,506.50 Cr19.09%0.52₹3,742 Cr₹37,788 Cr
BUY₹1,36,083.48 Cr25.23%0.53₹4,001 Cr₹16,535 Cr
HOLD₹2,66,570.93 Cr39.88%0.52₹7,708 Cr₹44,870 Cr
HOLD₹1,15,413.67 Cr88.35%0.61₹1,778 Cr₹39,144 Cr

About Hero MotoCorp Ltd

Hero MotoCorp Ltd is an Indian multinational motorcycle and scooter manufacturer. Incorporated in 1984, it is the world’s largest two-wheeler manufacturer and the leader in the Indian two-wheeler market.

Hero MotoCorp’s operations are primarily focused on the design, development, manufacture and sale of motorcycles and scooters. It also provides related services such as finance, insurance, and after-sales services. Its product portfolio includes a range of motorcycles and scooters, with its top-selling models being the Splendor, Passion, HF Deluxe, and Glamour.

The company also owns several popular brands, such as Hero, Hero Xtreme, Hero Maestro, Hero Pleasure, and Hero Duet. It also has a tie-up with American motorcycle manufacturer, Harley-Davidson, to bring the Harley-Davidson Street 750 to India.

Hero MotoCorp is committed to providing quality and innovative products and services to its customers. It has a strong presence in the Indian two-wheeler market and is one of the most trusted and recognizable two-wheeler brands in the country.

Share Price: ₹4767.85 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹95,506.50Cr as of today
Revenue: ₹10,482.93Cr as on September 2024 (Q3 24)
Net Profit: ₹1,066.47Cr as on September 2024 (Q3 24)
Listing date: 25 Jan, 1995
Chairperson Name: Pawan Munjal
OrganisationHero MotoCorp Ltd
HeadquartersNew Delhi
IndustryAutomobile
E-voting on sharesClick here to vote
Hero Xtreme Share Price
Splendor Share Price
Glamour Share Price
Hero Glamour Share Price
Hero Pleasure Share Price
Passion Share Price
Pleasure Share Price
Hero Passion Share Price
Hero Karizma Share Price

Key events for Hero MotoCorp Ltd

  • Hero MotoCorp Reports Strong Q3 Results - 20 Nov, 2024

    Hero MotoCorp's standalone net sales for September 2024 reached Rs 10,463.21 crore, up 10.78% YoY. Net profit rose 14.21% to Rs 1,203.54 crore, with EBITDA increasing 14.1%. EPS improved to Rs 60.18. However, shares have declined 6.35% over the last six months.

  • Hero MotoCorp Reports Strong Q2FY25 Earnings - 19 Nov, 2024

    Hero MotoCorp reported a 14% increase in profit after tax to Rs 1,203 crore and an 11% rise in revenue to Rs 10,463 crore for Q2FY25. However, challenges remain due to subdued demand and margin pressures from their EV initiatives.

  • Hero MotoCorp Reports Strong Q2FY25 Results and Growth Plans - 18 Nov, 2024

    Hero MotoCorp's Q2FY25 results surpassed expectations, with record revenue and profit driven by rural demand. The company plans to expand its EV portfolio and maintain strong growth momentum.

  • Hero MotoCorp Reports Strong Profit Growth - 17 Nov, 2024

    Hero MotoCorp announced a 14.2% increase in profit to ₹1,203.5 crore for the September quarter, with revenue rising 10.8% to ₹10,463.2 crore, reflecting strong sales performance.

  • Hero Mavrick Showcases Updates at EICMA 2024 - 16 Nov, 2024

    Hero MotoCorp's Maverick 440 was displayed at EICMA 2024, featuring notable updates like a gold-finished front fork and a digital TFT display. The model, launched in India earlier this year, is expected to attract attention with its enhanced features, although an official announcement regarding its market release is pending.

  • Hero MotoCorp Reports Strong Q2 Performance - 15 Nov, 2024

    Hero MotoCorp achieved a 14% increase in net profit to Rs 1,204 crore for Q2 FY25, supported by robust festive sales and rural demand. The company plans to expand its product portfolio and retail presence, anticipating continued growth in the two-wheeler market.

  • Hero MotoCorp Reports Strong Q2 Earnings Growth - 14 Nov, 2024

    Hero MotoCorp's Q2 results show a 14.2% YoY profit increase to ₹1,203.5 crore, with revenue climbing 10.8% to ₹10,463.2 crore, surpassing estimates. The company also achieved record sales during the festive season, indicating strong demand and operational efficiency.

  • Hero MotoCorp Faces Stock Decline Ahead of Q2 Results - 13 Nov, 2024

    Hero MotoCorp shares fell ahead of its Q2 FY25 earnings report, with expectations of 9% revenue growth and a 10.1% rise in profit. Analysts anticipate strong performance driven by higher volumes and average selling prices, despite recent stock declines.

  • Hero MotoCorp Q2 Earnings Preview Shows Positive Trends - 12 Nov, 2024

    Hero MotoCorp is expected to report a 9% rise in net profit and an 8% increase in revenue for Q2 FY25, driven by volume growth and a richer product mix. However, challenges remain in the EV segment.

  • Hero MotoCorp Anticipates Strong Earnings Growth - 11 Nov, 2024

    Hero MotoCorp is projected to achieve healthy earnings growth in Q2 FY25, driven by robust demand for two-wheelers during the festive period, boosting revenue and profitability.

  • Hero MotoCorp Launches New Xtreme 250R Motorcycle - 08 Nov, 2024

    Hero MotoCorp has unveiled the Xtreme 250R, a new motorcycle with a 250cc engine aimed at competing with the KTM Duke 250. The company also showcased updates to the Mavrick and the Xpulse 421 concept at EICMA, indicating a strong focus on innovation and performance.

  • Hero MotoCorp Expands Electric Segment and New Models - 07 Nov, 2024

    Hero MotoCorp is focusing on scaling its electric two-wheeler business with new affordable models. The company reported a 13% increase in festive sales, indicating strong demand.

  • Hero MotoCorp Expands EV Lineup and Global Reach - 06 Nov, 2024

    Hero MotoCorp unveiled its plans for European expansion by 2025, showcasing new models including the VIDA Z electric scooter and several motorcycles at EICMA 2024.

  • Hero MotoCorp Expands into European Markets with VIDA Z - 05 Nov, 2024

    Hero MotoCorp announced plans to enter the European and UK markets in 2025, launching the electric scooter VIDA Z and unveiling new motorcycle models at EICMA. The company reported a 13% rise in festive sales, achieving record retail figures during the festival period.

  • Hero MotoCorp Achieves Record Festive Sales Amid Stock Decline - 04 Nov, 2024

    Hero MotoCorp achieved record festive retail sales of 1.6 million units, a 13% increase YoY. However, shares fell nearly 5% following the sales report, reflecting market trends despite strong performance in both urban and rural segments.

  • Hero MotoCorp Achieves 18% Sales Growth in October - 02 Nov, 2024

    Hero MotoCorp's sales surged 18% year-on-year in October 2024, reaching 6,79,091 units. The growth was fueled by demand in the 100cc and 125cc motorcycle segments, with domestic sales also increasing significantly. The company plans to unveil four new models at EICMA 2024, including electric scooters.

  • Hero MotoCorp Reports Strong Sales Growth in October - 01 Nov, 2024

    Hero MotoCorp announced an 18% year-on-year sales increase in October, reaching 6,79,091 units. Domestic dispatches rose significantly, and exports also improved, reflecting robust demand, especially in the 100cc and 125cc segments. The company's electric vehicle brand, VIDA, achieved record monthly dispatches of 8,750 units.

  • Hero MotoCorp Shows Growth Potential Ahead of Diwali - 31 Oct, 2024

    Hero MotoCorp is set to unveil new motorcycles at EICMA 2024 and expects a 10% increase in vehicle sales during Diwali. Emkay highlights the stock's recovery potential in the two-wheeler market.

  • Hero MotoCorp Unveils New Models and Festive Offers - 28 Oct, 2024

    Hero MotoCorp is gearing up for EICMA 2024 with four new models, including the XPulse 210. The company also plans to launch the next-gen Destini 125 and is offering attractive Diwali discounts and cashback on various motorcycles.

  • Hero MotoCorp Faces Pressure After UBS Downgrade - 25 Oct, 2024

    Hero MotoCorp's shares fell following UBS's downgrade, which cut the target price to Rs 3,300. The report highlights challenges from competition and a shift towards electrification, impacting the company's market share and growth prospects.

Insights on Hero MotoCorp Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 8.49% to 8.72% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, HEROMOTOCO stock has moved up by 3.7%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.75% to 14.57% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 9.79K Cr → 10.72K Cr (in ₹), with an average increase of 4.4% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 935.01 Cr → 1.06K Cr (in ₹), with an average increase of 6.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Mahindra & Mahindra Ltd has given 89.1% return, outperforming this stock by 47.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mahindra & Mahindra Ltd has given 227.4% return, outperforming this stock by 146.1%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 29.86% to 29.58% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 34.76% to 34.75% in Sep 2024 quarter

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View More

Hero MotoCorp Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹9,533.07Cr (-)₹9,787.86Cr (↑2.67%)₹9,616.68Cr (↓1.75%)₹10,210.79Cr (↑6.18%)₹10,482.93Cr (↑2.67%)
Net Income₹1,007.04Cr (-)₹1,091.12Cr (↑8.35%)₹943.46Cr (↓13.53%)₹1,032.21Cr (↑9.41%)₹1,066.47Cr (↑3.32%)
Net Profit Margin10.56% (-)11.15% (↑5.59%)9.81% (↓12.02%)10.11% (↑3.06%)10.17% (↑0.59%)
Value in ₹ crore
Details2021202220232024
Total Assets₹22,281.42Cr (-)₹21,833.38Cr (↓2.01%)₹23,389.98Cr (↑7.13%)₹25,731.37Cr (↑10.01%)
Total Liabilities₹7,082.99Cr (-)₹6,050.46Cr (↓14.58%)₹6,684.89Cr (↑10.49%)₹7,745.19Cr (↑15.86%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹5,410.10Cr (-)₹4,172.70Cr (↓22.87%)₹2,020.27Cr (↓51.58%)₹2,579.08Cr (↑27.66%)₹4,906.53Cr (↑90.24%)

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Hero MotoCorp Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
34.75%
-0.02
Foreign Institutions
29.58%
-0.95
Mutual Funds
14.57%
5.95
Retail Investors
8.72%
2.65
Others
12.38%
-5.73

Hero MotoCorp Ltd Key Indicators

Details20202021202220232024
Return On Equity %22.3720.2115.9617.9222.88
Details20202021202220232024
Return On Assets %19.313.0910.6112.0114.55
Details20202021202220232024
Book Value Per Share (₹)721.22771.59793.13833.4885.39
Details20202021202220232024
Earning Per Share (₹)183.2146.95116.57140.1187.2

Hero MotoCorp Ltd Valuation

Hero MotoCorp Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.10x)

March 30, 2020

Today (23.07x)

November 19, 2024

Industry (35.41x)

November 19, 2024

Highest (31.04x)

June 13, 2024

LowHigh

Hero MotoCorp Ltd Earnings and Dividends

  • Hero MotoCorp Ltd Earnings Results

    Hero MotoCorp Ltd’s net profit jumped 5.7% since last year same period to ₹1,063.71Cr in the Q2 2024-2025. On a quarterly growth basis, Hero MotoCorp Ltd has generated 1.7% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Hero MotoCorp Ltd Dividends May,2024

    In the quarter ending March 2024, Hero MotoCorp Ltd has declared dividend of ₹40 - translating a dividend yield of 2.93%.

    Read More about Dividends

Hero MotoCorp Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Hero MotoCorp Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Hero MotoCorp Ltd (HEROMOTOCO) share price today is ₹4767.85

Hero MotoCorp Ltd is listed on NSE

Hero MotoCorp Ltd is listed on BSE

  • Today’s highest price of Hero MotoCorp Ltd is ₹4820.
  • Today’s lowest price of Hero MotoCorp Ltd is ₹4741.2.

PE Ratio of Hero MotoCorp Ltd is 23.07

PE ratio = Hero MotoCorp Ltd Market price per share / Hero MotoCorp Ltd Earnings per share

Today’s traded volume of Hero MotoCorp Ltd(HEROMOTOCO) is 5.72L.

Today’s market capitalisation of Hero MotoCorp Ltd(HEROMOTOCO) is ₹95506.5Cr.

Hero MotoCorp Ltd(HEROMOTOCOPrice
52 Week High
₹6246.25
52 Week Low
₹3315.6

Hero MotoCorp Ltd(HEROMOTOCO) share price is ₹4767.85. It is down -23.67% from its 52 Week High price of ₹6246.25

Hero MotoCorp Ltd(HEROMOTOCO) share price is ₹4767.85. It is up 43.80% from its 52 Week Low price of ₹3315.6

Hero MotoCorp Ltd(HEROMOTOCOReturns
1 Day Returns
-7.95%
1 Month Returns
-8.9%
3 Month Returns
-9.63%
1 Year Returns
41.44%