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Hero MotoCorp Ltd share Price

Company details

6M Return 0.73%
1Y Return 4.90%
Mkt Cap.(Cr) 57,806.72
Volume 2,090,599
Div Yield 3.46%
OI Chg %
Volume 2,090,599

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About The Stock

    Hero MotoCorp (HMCL) is the world’s largest 2-W manufacturer by volume, with domestic market share at 34.5% as of FY22. Its suite of popular models includes Splendor, Passion, Glamour, etc.

    • Rural geographies form ~50% sales; 48.3% FY22 motorcycle market share
    • Debt-free b/s with strong return ratios; healthy >50% dividend payout ratio
    • On ground EV presence currently limited to ~35%+ stake in Ather Energy


    The company reported a muted performance in Q4FY22.

    • Revenues were down 5.9% QoQ to with volumes declining 8% QoQ
    • EBITDA margins came in at 11.2% in Q4FY22, down 100 bps QoQ
    • Consequent standalone PAT was at ₹ 627 crore, down 8.6% QoQ

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Hero MotoCorp Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Hero MotoCorp Ltd.

Automobile company Hero MotoCorp announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Volume – 12.70 lakh units of motorcycles and scooters sold in Q4FY23 (vs 11.89 lakh units Q4FY22)
    • Revenue from operations – Rs 8,307 crore, a growth of 12% over Q4FY22
    • Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for Q4FY23 stands at Rs 1,083 crore, a growth of 31%
    • Profit Before Tax (PBT) at Rs 1,147 crore, a growth of 43%
    • Net Profit After Tax (PAT) - Rs 859 crore, a growth of 37%
  • FY23:
    • Volume – 53.29 lakh units of motorcycles and scooters sold in FY23 (vs 49.44 lakh units FY22)
    • Revenue from operations – Rs 33,806 crore, a growth of 16% over FY22
    • Earnings Before Interest, Tax, Depreciation, & Amortization (EBITDA) for FY23 stands at Rs 3,986 crore, a growth of 18%
    • Profit Before Tax (PBT) at Rs 3,875 crore, a growth of 19%
    • Net Profit After Tax (PAT) - Rs 2,911 crore, a growth of 18%
  • The company declared a final dividend of Rs 35/- per share taking the total dividend for the year to Rs 100/- i.e 5000% on the face value of Rs 2 per share

Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “The company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and mix. In line with our policy, we have declared overall dividend for the year at Rs 100/share, which continues to be in top quartile in terms of payout ratio.

In coming fiscal year, we have lined up slew of product launches in different segments with an aim to strengthen our premium portfolio as well as premiumization of existing models, which will help us deliver improvement in market share.

We are accelerating our EV rollout, with plan to be in 100 cities within this calendar year. Apart from exclusive Vida outlets in certain cities, we will be using our existing distribution system across cities to ensure wider reach. The recent price revision now makes Vida accessible to more customers, and we expect this will increase the EV transition in scooter category.

Economic activity in India continues to build momentum with key indicators moving in positive direction. We do expect 2 wheeler industry revenue growth to be double-digit in coming year.”



Result PDF

View Other Company Results


Investment recommendation

Call Date
22 Feb 2023
Entry Price 2,600.00
Target Price 2,770.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Hero MotoCorp Ltd Stocks COMPARISION


Equity Capital: 15,846.65 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,296.96 39,477.59
LAST 3M 15,440.75 59,034.02
LAST 6M 64,524.17 39,054.82
LAST 12M 119,831.70 83,752.26
Hero MotoCorp launches 100cc motorcycle - HF Deluxe

Jun 02, 2023 l BSE Announcement

Hero MotoCorp Limited - Press Release

Jun 02, 2023 l NSE Announcement

Hero MotoCorp Limited - Loss of Share Certificates

Jun 01, 2023 l NSE Announcement

Date Action Type Ratio
Jul 27, 2023 Dividend 1750
Feb 17, 2023 Dividend 3250
Jul 27, 2022 Dividend 1750

Hero MotoCorp Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Hero MotoCorp Ltd works in the automobile industry and is having a market capitalization worth Rs. 53,893.35 crores, it was incorporated in the year 1984. It has reported consolidated sales of Rs. 8,689.74 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500182, and also listed on the National Stock Exchange (NSE) with the code HEROMOTOCO.

    Hero MotoCorp Ltd is an Indian international motorcycle and scooter manufacturer based in New Delhi. Hero MotoCorp is India's and the world's largest two-wheeler manufacturer. Hero MotoCorp, previously known as Hero Honda, initially started as a joint venture between Hero Cycles of India and Honda of Japan. Hero MotoCorp had set up five manufacturing plants in different locations of India, such as Dharuhera, Gurugram, Neemrana, Haridwar, and Halol. Hero MotoCorp has a well-established network of over six thousand sales and services outlets spread across the country. Hero MotoCorp has also established to state of the art Research & Development facilities located in Germany and Jaipur. The promoters of the company own 34.76% of the stake in the company, Foreign Institutional Investors (FII) own 34.97%, Domestic Institutional Investors (DII) own 20.23% stake in the company, and others (such as public & retail investors) hold the balance of 10.14%.

    In June 2021, quarterly net revenue was Rs. 5,487.07 crores, which has increased sharply by approximately 84.65 % from Rs. 2,971.54 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 365.44 crores, which has improved sharply and increased by nearly 496.05% from a net profit of Rs. 61.31 crores in June 2020. In June 2021, the reported operating profit was at Rs. 5,068.07 crores, which is also increased by 85.48% as compared to an operating profit of Rs. 2,732.81 crores for the quarter ending in June 2020. From an EPS of Rs. 3.07 in June 2020, the EPS of Hero MotoCorp Ltd has improved and reached Rs. 18.29 per share in June 2021. HEROMOTOCO's stock closed at Rs. 2,697.50 on 20th August’2021 (NSE) and has given a negative return of 24.43% in the last six months and a marginally negative return of 7.75% in the previous year.

Registered Address

The Grand Plaza Plot No 2, Nelson Mandela Road VasantKunj, New Delhi, New Delhi, 110070

Tel : 91-11-46044220
Email : secretarialho:heromotocorp.com
Website : http://www.heromotocorp.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500182
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE158A01026

FAQ’s on Hero MotoCorp Ltd Shares

You can buy Hero MotoCorp Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hero MotoCorp Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 02, 2023 03:59 PM the closing price of Hero MotoCorp Ltd was ₹ 2,892.65.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 02, 2023 03:59 PM, the market cap of Hero MotoCorp Ltd stood at ₹ 57,806.72.

The latest PE ratio of Hero MotoCorp Ltd as of Jun 02, 2023 03:59 PM is 20.57

The latest PB ratio of Hero MotoCorp Ltd as of Jun 02, 2023 03:59 PM is 0.29

The 52-week high of Hero MotoCorp Ltd is ₹ 2,938.60 while the 52-week low is ₹ 2,246.00

According to analyst recommendations, Hero MotoCorp Ltd has a “Buy” rating for the long term.

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