Nifty
Sensex
:
:
22405.60
73872.29
27.20 (0.12%)
66.14 (0.09%)

Automobile Two & Three Wheelers

Rating :
62/99

BSE: 500182 | NSE: HEROMOTOCO

4611.70
04-Mar-2024
  • Open
  • High
  • Low
  • Previous Close
  •  4589.95
  •  4630.00
  •  4563.00
  •  4581.45
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  570306
  •  26257.74
  •  4949.05
  •  2246.00

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 92,152.93
  • 25.49
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 92,063.58
  • 2.17%
  • 4.92

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 34.76%
  • 0.63%
  • 6.64%
  • FII
  • DII
  • Others
  • 28.34%
  • 27.73%
  • 1.90%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.06
  • 0.11
  • 3.33

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 1.15
  • -4.58
  • -0.64

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 2.92
  • -3.65
  • -1.77

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.86
  • 19.45
  • 20.39

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.83
  • 3.59
  • 3.52

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 12.31
  • 11.92
  • 12.43

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Dec 23
Dec 22
Var%
Sep 23
Sep 22
Var%
Jun 23
Jun 22
Var%
Mar 23
Mar 22
Var%
Net Sales
9,787.86
8,118.33
20.56%
9,533.07
9,158.23
4.09%
8,851.01
8,447.54
4.78%
8,434.28
7,496.55
12.51%
Expenses
8,402.98
7,176.60
17.09%
8,173.52
8,071.76
1.26%
7,639.38
7,506.17
1.77%
7,310.08
6,640.60
10.08%
EBITDA
1,384.88
941.73
47.06%
1,359.55
1,086.47
25.13%
1,211.63
941.37
28.71%
1,124.20
855.95
31.34%
EBIDTM
14.15%
11.60%
14.26%
11.86%
13.69%
11.14%
13.33%
11.42%
Other Income
243.57
181.95
33.87%
208.10
93.99
121.41%
225.54
55.53
306.16%
237.54
131.44
80.72%
Interest
22.74
24.19
-5.99%
24.98
47.66
-47.59%
21.01
13.92
50.93%
19.11
12.97
47.34%
Depreciation
193.92
171.97
12.76%
187.09
172.83
8.25%
179.74
172.84
3.99%
179.75
168.38
6.75%
PBT
1,411.79
927.52
52.21%
1,355.58
959.97
41.21%
1,076.43
810.14
32.87%
1,162.88
806.04
44.27%
Tax
364.96
289.31
26.15%
353.06
253.60
39.22%
281.40
203.44
38.32%
317.37
165.17
92.15%
PAT
1,046.83
638.21
64.03%
1,002.52
706.37
41.93%
795.03
606.70
31.04%
845.51
640.87
31.93%
PATM
10.70%
7.86%
10.52%
7.71%
8.98%
7.18%
10.02%
8.55%
EPS
54.70
36.33
50.56%
50.35
34.46
46.11%
35.53
29.55
20.24%
40.29
30.60
31.67%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Net Sales
36,606.22
34,158.38
29,551.28
30,959.19
29,253.97
33,970.82
32,458.37
28,610.43
28,457.12
27,538.03
25,275.47
Net Sales Growth
10.19%
15.59%
-4.55%
5.83%
-13.89%
4.66%
13.45%
0.54%
3.34%
8.95%
 
Cost Of Goods Sold
24,886.42
23,925.84
20,898.27
21,743.61
19,830.95
23,444.42
21,885.82
19,108.76
19,313.16
19,715.30
18,229.89
Gross Profit
11,719.80
10,232.54
8,653.01
9,215.58
9,423.02
10,526.40
10,572.55
9,501.67
9,143.96
7,822.73
7,045.58
GP Margin
32.02%
29.96%
29.28%
29.77%
32.21%
30.99%
32.57%
33.21%
32.13%
28.41%
27.88%
Total Expenditure
31,525.96
30,188.95
26,208.65
26,859.68
25,193.05
28,952.39
27,133.32
24,034.46
24,059.42
24,041.30
21,736.37
Power & Fuel Cost
-
114.56
109.72
113.89
132.96
158.12
139.84
112.84
122.20
158.49
137.46
% Of Sales
-
0.34%
0.37%
0.37%
0.45%
0.47%
0.43%
0.39%
0.43%
0.58%
0.54%
Employee Cost
-
1,961.08
1,768.10
1,951.02
1,889.32
1,778.03
1,583.71
1,432.49
1,339.46
1,178.72
930.35
% Of Sales
-
5.74%
5.98%
6.30%
6.46%
5.23%
4.88%
5.01%
4.71%
4.28%
3.68%
Manufacturing Exp.
-
779.16
661.07
227.15
237.53
290.72
278.91
262.34
315.90
390.31
371.07
% Of Sales
-
2.28%
2.24%
0.73%
0.81%
0.86%
0.86%
0.92%
1.11%
1.42%
1.47%
General & Admin Exp.
-
139.16
133.22
123.49
91.51
113.04
161.35
306.45
308.15
263.15
230.97
% Of Sales
-
0.41%
0.45%
0.40%
0.31%
0.33%
0.50%
1.07%
1.08%
0.96%
0.91%
Selling & Distn. Exp.
-
1,862.01
1,698.74
1,566.60
1,690.74
2,030.98
1,981.43
1,741.64
1,599.81
1,534.39
1,222.86
% Of Sales
-
5.45%
5.75%
5.06%
5.78%
5.98%
6.10%
6.09%
5.62%
5.57%
4.84%
Miscellaneous Exp.
-
1,407.14
939.53
1,133.92
1,320.04
1,137.08
1,102.26
1,069.94
1,060.74
800.94
1,222.86
% Of Sales
-
4.12%
3.18%
3.66%
4.51%
3.35%
3.40%
3.74%
3.73%
2.91%
2.43%
EBITDA
5,080.26
3,969.43
3,342.63
4,099.51
4,060.92
5,018.43
5,325.05
4,575.97
4,397.70
3,496.73
3,539.10
EBITDA Margin
13.88%
11.62%
11.31%
13.24%
13.88%
14.77%
16.41%
15.99%
15.45%
12.70%
14.00%
Other Income
914.75
569.01
555.01
557.90
730.56
686.73
523.17
521.95
412.83
492.11
444.19
Interest
87.84
104.88
53.10
46.41
46.64
37.18
30.80
27.28
14.61
11.70
11.82
Depreciation
740.50
573.05
587.38
715.12
845.76
624.44
574.98
502.25
443.25
540.45
1,107.37
PBT
5,006.68
3,860.51
3,257.16
3,895.88
3,899.08
5,043.54
5,242.44
4,568.39
4,352.67
3,436.69
2,864.10
Tax
1,316.79
1,063.72
729.06
913.27
951.67
1,637.95
1,569.93
1,339.10
1,274.71
943.45
758.17
Tax Rate
26.30%
27.55%
22.38%
23.44%
20.79%
32.48%
29.95%
29.31%
29.29%
28.66%
26.47%
PAT
3,689.89
2,809.96
2,316.88
2,964.31
3,603.48
3,383.33
3,670.74
3,267.26
3,107.65
2,349.55
2,106.28
PAT before Minority Interest
3,695.33
2,799.90
2,329.05
2,982.61
3,624.78
3,405.59
3,672.51
3,229.29
3,077.96
2,348.51
2,105.93
Minority Interest
5.44
10.06
-12.17
-18.30
-21.30
-22.26
-1.77
37.97
29.69
1.04
0.35
PAT Margin
10.08%
8.23%
7.84%
9.57%
12.32%
9.96%
11.31%
11.42%
10.92%
8.53%
8.33%
PAT Growth
42.35%
21.28%
-21.84%
-17.74%
6.51%
-7.83%
12.35%
5.14%
32.27%
11.55%
 
EPS
184.59
140.57
115.90
148.29
180.26
169.25
183.63
163.44
155.46
117.54
105.37

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Shareholder's Funds
16,655.57
15,846.65
15,416.42
14,406.28
13,120.41
11,971.46
10,315.51
8,834.11
6,540.00
5,622.64
Share Capital
39.97
39.96
39.96
39.95
39.95
39.94
39.94
39.94
39.94
39.94
Total Reserves
16,579.97
15,782.24
15,357.42
14,350.89
13,070.87
11,924.78
10,271.67
8,792.88
6,499.39
5,582.70
Non-Current Liabilities
2,102.49
1,802.66
1,956.26
1,947.07
2,457.90
2,301.69
1,834.66
1,396.46
36.04
-31.51
Secured Loans
0.20
0.00
0.12
0.24
0.33
10.21
68.03
15.31
0.00
0.00
Unsecured Loans
19.89
36.17
45.06
43.78
124.51
139.42
139.87
130.67
12.00
0.00
Long Term Provisions
1,180.65
1,017.73
1,099.88
1,222.85
1,720.18
1,570.17
1,157.86
1,028.71
66.25
50.02
Current Liabilities
6,012.62
5,517.63
6,504.53
4,279.07
4,409.18
4,481.36
4,176.69
3,571.52
3,986.23
4,423.62
Trade Payables
4,760.14
4,343.09
5,264.18
3,127.62
3,438.24
3,375.26
3,266.20
2,675.34
2,713.09
2,291.01
Other Current Liabilities
793.25
698.74
779.37
825.88
727.55
970.44
827.84
782.32
450.74
588.19
Short Term Borrowings
266.55
296.65
285.16
165.88
183.68
75.37
40.08
84.06
88.00
0.00
Short Term Provisions
192.68
179.15
175.82
159.69
59.71
60.29
42.57
29.80
734.40
1,544.42
Total Liabilities
24,895.74
23,314.99
24,020.40
20,773.02
20,103.60
18,847.72
16,394.24
13,856.72
10,580.81
10,015.60
Net Block
6,159.20
6,193.54
6,380.39
6,472.93
4,952.36
4,960.96
4,598.85
3,783.71
2,952.28
2,247.29
Gross Block
15,766.25
15,199.96
14,824.01
14,288.61
12,020.04
11,478.10
10,597.49
9,335.15
8,158.04
6,912.98
Accumulated Depreciation
9,607.05
9,006.42
8,443.62
7,815.68
7,067.68
6,517.14
5,998.64
5,551.44
5,205.76
4,665.69
Non Current Assets
15,460.41
12,742.77
12,649.92
12,123.82
11,690.39
9,845.49
8,823.73
7,553.39
5,201.09
4,457.32
Capital Work in Progress
453.71
517.22
495.13
391.33
572.82
355.48
580.96
653.37
717.83
854.74
Non Current Investment
7,219.08
4,657.56
4,356.28
3,649.52
2,939.95
2,078.12
1,522.31
1,029.51
821.15
830.05
Long Term Loans & Adv.
1,450.33
1,364.54
1,411.91
1,604.98
2,943.07
2,204.02
1,873.23
1,834.55
647.81
476.82
Other Non Current Assets
178.09
9.91
6.21
5.06
282.19
246.91
248.38
252.25
60.65
48.42
Current Assets
9,435.33
10,572.22
11,370.48
8,649.20
8,413.21
9,002.23
7,570.51
6,303.33
5,379.72
5,558.28
Current Investments
3,671.85
5,870.31
6,225.34
4,709.12
3,173.88
5,591.12
4,544.06
3,471.57
2,297.35
3,275.89
Inventories
1,756.39
1,472.41
1,789.27
1,282.32
1,249.53
962.68
708.58
761.99
861.39
669.55
Sundry Debtors
2,719.47
2,158.49
2,274.68
1,511.91
2,745.11
1,426.97
1,551.75
1,282.07
1,371.82
920.58
Cash & Bank
422.80
299.74
396.24
435.41
303.90
237.57
195.39
179.09
215.78
119.83
Other Current Assets
864.82
572.77
430.78
451.95
940.79
783.89
570.73
608.61
633.38
572.43
Short Term Loans & Adv.
236.38
198.50
254.17
258.49
214.23
153.59
247.37
486.50
238.88
404.83
Net Current Assets
3,422.71
5,054.59
4,865.95
4,370.13
4,004.03
4,520.87
3,393.82
2,731.81
1,393.49
1,134.66
Total Assets
24,895.74
23,314.99
24,020.40
20,773.02
20,103.60
18,847.72
16,394.24
13,856.72
10,580.81
10,015.60

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Cash From Operating Activity
2,613.84
2,103.70
4,110.45
5,518.13
1,032.27
4,017.21
4,007.19
3,722.37
2,185.51
2,963.02
PBT
3,863.62
3,058.11
3,895.88
4,611.08
5,104.30
5,242.44
4,568.39
4,352.67
3,291.96
2,864.10
Adjustment
226.97
498.14
257.63
264.37
-55.81
90.31
185.85
150.17
249.32
693.30
Changes in Working Capital
-620.19
-668.47
937.72
1,195.46
-1,945.76
197.46
439.97
322.97
-355.93
55.07
Cash after chg. in Working capital
3,470.40
2,887.78
5,091.23
6,070.91
3,102.73
5,530.21
5,194.21
4,825.81
3,185.35
3,612.47
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-856.56
-784.08
-980.78
-552.78
-2,070.46
-1,513.00
-1,187.02
-1,103.44
-999.84
-649.45
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-421.33
-221.97
-2,289.32
-2,819.14
1,297.64
-1,858.21
-1,971.95
-2,300.18
31.38
-1,617.80
Net Fixed Assets
-534.06
-362.85
-554.41
-2,036.57
-717.29
-610.53
-1,110.54
-906.52
-1,062.16
Net Investments
-358.04
-152.65
-2,277.02
-2,254.04
1,556.59
-1,635.35
-1,308.83
-1,426.91
934.66
Others
470.77
293.53
542.11
1,471.47
458.34
387.67
447.42
33.25
158.88
Cash from Financing Activity
-2,147.23
-1,975.33
-1,851.82
-2,601.80
-2,252.40
-2,102.45
-2,035.86
-1,474.73
-2,131.13
-1,413.73
Net Cash Inflow / Outflow
45.28
-93.60
-30.69
97.19
77.51
56.55
-0.62
-52.54
85.76
-68.51
Opening Cash & Equivalents
181.02
274.62
305.31
208.12
130.61
74.06
74.68
127.22
68.74
134.95
Closing Cash & Equivalent
226.30
181.02
274.62
305.31
208.12
130.61
74.06
74.68
154.50
68.74

Financial Ratios

Consolidated /

Standalone
Description
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Mar 15
Mar 14
Book Value (Rs.)
831.62
791.90
770.64
720.44
656.36
599.13
516.36
442.30
327.46
281.55
ROA
11.62%
9.84%
13.32%
17.74%
17.49%
20.84%
21.35%
25.19%
22.81%
21.03%
ROE
17.26%
14.92%
20.03%
26.36%
27.16%
32.97%
33.74%
40.05%
38.62%
37.45%
ROCE
23.93%
19.47%
25.96%
32.96%
39.64%
46.31%
46.79%
55.61%
52.66%
48.69%
Fixed Asset Turnover
2.25
2.00
2.16
2.22
2.89
3.00
3.11
3.51
3.88
3.93
Receivable days
25.57
26.90
21.98
26.56
22.41
16.42
16.69
15.77
14.30
12.37
Inventory Days
16.93
19.79
17.83
15.79
11.88
9.21
8.66
9.65
9.55
9.00
Payable days
69.44
83.90
70.43
48.25
43.72
45.58
46.92
42.33
38.62
37.96
Cash Conversion Cycle
-26.94
-37.21
-30.63
-5.90
-9.43
-19.94
-21.56
-16.92
-14.77
-16.59
Total Debt/Equity
0.02
0.02
0.02
0.01
0.02
0.02
0.03
0.03
0.02
0.05
Interest Cover
37.84
58.59
84.94
99.12
136.65
171.21
168.46
298.92
282.36
243.31

News Update:


  • Hero MotoCorp reports 19% rise in total sales in February
    1st Mar 2024, 17:59 PM

    Of the total sales in February 2024, the company sold 436,929 motorcycles and 31,481 scooters

    Read More
  • Hero MotoCorp to open bookings for flagship motorcycle ‘Mavrick 440’ from February 14
    14th Feb 2024, 09:41 AM

    Deliveries of the motorcycle to customers will commence from April onwards

    Read More
  • Hero MotoCorp reports 51% rise in Q3 consolidated net profit
    12th Feb 2024, 14:10 PM

    Total consolidated income of the company increased by 20.86% at Rs 10031.43 crore for Q3FY24

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  • Hero MotoCorp gets nod to invest Rs 600 crore for setting up Global Parts Center 2.0
    10th Feb 2024, 14:58 PM

    The Board of Directors of the company at its meeting held on February 09, 2024, has considered and approved the same

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  • Hero MotoCorp - Quarterly Results
    9th Feb 2024, 18:04 PM

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  • Hero MotoCorp to set up assembly plant in Nepal
    23rd Jan 2024, 14:08 PM

    The facility will be located in Nawalpur district and have a capacity of 75,000 units per annum

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  • Hero MotoCorp reports marginal fall in total sales in December
    3rd Jan 2024, 10:14 AM

    The company's exports increased to 16,110 units in December 2023 versus 12,814 units in December 2022

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  • Hero MotoCorp partners with Ather Energy
    6th Dec 2023, 14:07 PM

    Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather Grids across the country

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  • Hero MotoCorp reports 26% rise in total sales in November
    2nd Dec 2023, 14:32 PM

    The company's exports increased to 14,764 units in November 2023 versus 11,093 units in November 2022

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.