loader2
Partner With Us NRI

Hero MotoCorp Ltd share Price Today

Company details

4,288.05
4,446.45
2,419.50
4,949.05
6M Return 36.76%
1Y Return 75.30%
Mkt Cap.(Cr) 86,409.15
Volume 719,918
Div Yield 2.31%
OI
-
OI Chg %
-
Volume 719,918

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Hero MotoCorp announced Q3FY24 & 9MFY24 results:

Q3FY24 Highlights:

  • Volume – 14.60 lakh units of motorcycles and scooters sold in Q3FY24
  • Revenue from operations – Rs 9,724 crore, (vs Rs 8,031 crore)
  • Earnings Before Interest, Tax, Depreciation, & Amortization for the Quarter stood at Rs 1,362 crore, growth of 47%
  • Net Profit After Tax (PAT) - Rs 1,073 crore, growth of 51%

9MFY24 Highlights:

  • Volume – 42.29 lakh units of motorcycles and scooters sold in nine monthsFY24
  • Revenue from operations – Rs 27,936 crore, (vs Rs 25,499 crore)
  • Earnings Before Interest, Tax, Depreciation, & Amortization for the nine months stood at Rs 3,897 crore, growth of 34%
  • Net Profit After Tax (PAT) - Rs 2,952 crore, growth of 44%

Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “The government's emphasis on infrastructure development, while ensuring fiscal prudence in its recent interim budget, has created a conducive business and economic environment, which would facilitate higher growth and job creation.

Our recent launches in premium segment have met with early success, and we are ramping up capacity of our upper premium models. At the Hero World event in the month of January, we unveiled 2 more premium motorcycles? the Xtreme 125 R, and Mavrick 440. We will keep fortifying our premium portfolio backed by strong brand building and best in class ‘phygital’ customer experience. Moving forward, our Margin shape will allow us to fuel our growth even more.

We have now expanded our EV presence to 100 cities in the country and we are rapidly building the charging infrastructure in collaboration with Ather. In coming fiscal, we will be launching new products in mid and affordable segment as well. We believe we are well placed to accelerate growth and increase our market shares as we move forward.”

 

Result PDF

View Other Company Results

Hero MotoCorp Ltd shares SWOT Analysis

Strengths (10)

  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (0)

Data not found

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 4,416.9
R2 4,510.9
R3 4,575.3
Pivot

4,352.47

S1 4,258.5
S2 4,194.1
S3 4,100.1
EMA SMA
4,522.8
4,499.9
4,269.5
3,856.2
4,548.2
4,611.4
4,322.8
3,690.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 4433.65 34179 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 4433.65 34179 BSE
SOCIETE GENERALE Block Purchase 2022-11-23 2684.8 86756 BSE
Name Category Shares
PAWAN MUNJAL, RENU MUNJAL AND SUMAN KANT MUNJAL (On behalf of Brijmohan Lal Om Parkash, Partnership PROMOTER 13.97%
BAHADUR CHAND INVESTMENTS PRIVATE LIMITED PROMOTER 20.03%

OUR RESEARCH VIEW

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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Hero MotoCorp Ltd Stocks COMPARISON

Financials( in Cr) Hero MotoCorp Ltd Maruti Suzuki India Ltd Tata Motors Ltd Mahindra & Mahindra Ltd Bajaj Auto Ltd
Price 4,322.90 12,502.70 992.80 2,031.30 8,919.15
% Change -1.33 0.64 -0.60 -1.08 -0.87
Mcap Cr 86,409.15 393,088.64 329,892.25 252,598.05 252,572.49
Revenue TTM Cr 34,158.38 117,571.30 345,966.97 121,268.55 36,455.38
Net Profit TTM Cr 2,799.90 8,211.00 2,353.49 11,374.48 6,060.21
PE TTM 23.16 32.25 16.36 22.69 33.64
1 Year Return 75.30 44.13 110.27 67.47 109.65
ROCE 23.07 13.92 5.32 13.71 26.47
ROE 17.23 11.52 5.52 21.98 20.47
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 16,655.57 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 27,985.89 -4,210.70
LAST 3M 85,258.15 42,414.35
LAST 6M 136,201.24 75,801.89
LAST 12M 211,048.21 200,392.08

Hero MotoCorp Ltd Information

Stock PE (TTM)
23.16
Promoter Holding
34.76%
Book Value
884.0451
ROCE
23.07%
ROE
17.23%
Description
  • 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 : dhiraj.kapoor:heromotocorp.com; secretarialho:hero
Website : http://www.heromotocorp.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500182
NSE Code : HEROMOTOCO
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 Apr 16, 2024 03:59 PM the closing price of Hero MotoCorp Ltd was ₹ 4,322.90.

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 Apr 16, 2024 03:59 PM, the market cap of Hero MotoCorp Ltd stood at ₹ 86,409.15.

The latest PE ratio of Hero MotoCorp Ltd as of Apr 16, 2024 03:59 PM is 23.16

The latest PB ratio of Hero MotoCorp Ltd as of Apr 16, 2024 03:59 PM is 0.20

The 52-week high of Hero MotoCorp Ltd share price is ₹ 4,949.05 while the 52-week low is ₹ 2,419.50

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

Download Our

Download App
market app