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Hero MotoCorp Ltd

Updated on October 15, 2020

Stock/Share Code - HEROMOTOCO

Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services along with providing non-banking financial services.(Source : 201903 Annual Report Page No: 202)

Below is the details of HEROMOTOCO Hero MotoCorp Ltd

Market Cap₹60,046 Cr.
Current Price ₹3,237.6 as on 20 Oct 20
52 Week High / Low Price₹3,181.35 / ₹1,475
Face Value₹2
Stock P/E24.16
Book Value₹707.71
Dividend Yield2.99 %
ROCE27.93 %
ROE22.37 %
Sales Growth (3yrs)0.39 %
IndustryAutomobiles - Motorcycles / Mopeds
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is virtually debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 26.83% Company has been maintaining a healthy dividend payout of 50.71%
Cons: The company has delivered a poor growth of 0.89% over past five years. Promoter holding is low: 34.77%

Hero MotoCorp Ltd Price Chart

Hero MotoCorp Ltd Price Chart

Hero MotoCorp Ltd Peer Comparison in Automobile

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Hero Motocorp 24.16 ₹60,045.71 Cr. 2.99 ₹61.31 Cr. -91.99 -63.00 2971.54 27.93
2. Eicher Motors ₹2,194.45 43.29 ₹57,159.54 Cr. 0.60 -₹55.18 Cr. -112.21 -65.65 818.16 24.58
3. TVS Motor Co. ₹452.2 64.53 ₹20,564.7 Cr. 0.81 -₹179.37 Cr. -222.52 -61.35 1939.65 12.97

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Hero MotoCorp Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -8,3727,3148,5648,8109,0917,8657,8858,0307,5716,9976,2382,972
YOY Sales Growth %7%15%24%10%9%8%-8%-9%-17%-11%-21%-63%
Expenses -6,9166,1567,1937,4337,7126,7606,8166,8726,4705,9585,5792,863
Material Cost %68%67%68%70%69%69%69%70%68%67%69%70%
Employee Cost %5%6%4%5%5%6%6%6%6%7%7%13%
Operating Profit1,4561,1581,3711,3771,3791,1051,0691,1581,1011,039660108
OPM %17%16%16%16%15%14%14%14%15%15%11%4%
Other Income118110166116224188164956148182169148
Profit before tax1,4361,1281,3871,3431,4481,1381,0811,8741,0381,01265179
Tax %30%29%30%32%33%32%32%33%16%13%5%23%
Net Profit1,0108059679099767697301,25787588062161
EPS in Rs50.6040.3348.4445.5248.8838.5236.5762.9543.8044.0831.083.07

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -12,31915,75819,39823,57923,76825,27527,58528,44328,50032,23033,65128,83623,777
Sales Growth %19.20%27.92%23.10%21.55%0.80%6.34%9.14%3.11%0.20%13.09%4.41%-14.31%
Expenses -10,63513,09616,86519,96020,48421,73524,19823,98823,86626,95028,72024,93820,869
Material Cost %71%68%73%73%73%72%72%68%67%68%69%68%
Manufacturing Cost %2%1%1%1%1%1%1%1%1%1%1%1%
Employee Cost %4%4%3%3%3%4%4%5%5%5%5%6%
Other Cost %10%10%10%7%8%9%10%11%11%10%10%11%
Operating Profit1,6842,6622,5333,6193,2843,5403,3874,4554,6355,2804,9303,8982,908
OPM %14%17%13%15%14%14%12%16%16%16%15%14%12%
Other Income2803632903653984464934225225266911,516648
Profit before tax1,7812,8322,4052,8652,5292,8673,3294,4354,6585,2445,0114,5742,779
Tax %28%21%20%17%16%26%28%29%28%30%32%21%
Net Profit1,2822,2321,9282,3782,1182,1092,3863,1603,3773,6973,3853,6332,437
EPS in Rs60.7993.1879.51111.7995.8794.56108.26144.00169.11185.15169.46181.89122.03
Dividend Payout %31%98%109%38%57%62%50%46%50%51%51%49%

Compounded Sales Growth

  • 10 Years:: 6.23%
  • 5 Years:: 0.89%
  • 3 Years:: 0.39%
  • TTM:: -27.66%

Compounded Profit Growth

  • 10 Years:: 3.79%
  • 5 Years:: 5.74%
  • 3 Years:: -2.76%
  • TTM:: -23.33%

Return on Equity

  • 10 Years:: 5.64%
  • 5 Years:: 5.30%
  • 3 Years:: -9.44%
  • 1 Year:: 16.91%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -404040404040404040404040
Equity Capital39.9439.9439.9439.9439.9439.9439.9439.9439.9439.9439.9539.95
Other Liabilities -2,1974,9847,0774,8803,9944,2133,9803,7384,5834,9704,7844,463
Trade Payables7031,1112,0732,2931,8732,2912,7002,6513,2473,3193,3553,031
Advance from Customers0027113192110811087823744114
Other liability items1,4943,8734,7332,4562,0281,8121,1999801,2571,4141,3851,318
Total Liabilities6,0768,51510,7269,8899,64210,09710,52212,57314,69416,73917,64118,749
Fixed Assets -1,5741,6594,0803,7863,0712,2432,9133,5844,3964,6554,6196,117
Gross Block2,5162,7515,5386,3086,6856,9098,1149,12610,37711,13411,62813,865
Accumulated Depreciation9431,0921,4582,5233,6144,6665,2015,5425,9826,4807,0107,748
Other Assets -1,0132,8831,4672,1002,8852,9113,7423,8023,9444,2416,5124,068
Trade receivables1501081312726659211,3901,2831,5621,5202,8221,603
Cash Equivalents2201,9077277181118159131137141136242
Loans n Advances326438387522593683707653620838983758
Other asset items-9-83535538095206711,0629699181,499373
Total Assets6,0768,51510,7269,8899,64210,09710,52212,57314,69416,73917,64118,749

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -1,3592,6872,2542,3601,8902,9632,2503,8494,0283,9819795,410
Profit from operations1,7622,7772,5513,6333,2913,5583,5864,5754,8155,3154,9494,752
Loans Advances10-167-8522-149-260-81-1-12-5
Other WC items000-533-3778-127264215-393385
Working capital changes98485185-691-78754-337377399160-1,9191,203
Direct taxes-502-575-481-583-613-649-1,000-1,103-1,186-1,494-2,051-544
Cash from Investing Activity --861-528-1,32293-733-1,61712-2,206-1,944-1,9151,321-2,883
Fixed assets purchased-315-212-364-565-608-937-1,156-1,467-1,151-802-922-1,360
Fixed assets sold2136274372341
Investments purchased-18,712-23,135-999000-19,290-27,612-28,992-34,781-35,919-48,825
Investments sold18,04322,77101,443681-920,64426,95728,27433,59938,47747,214
Interest received56395267104142130161155152279264
Dividends received1576333412427684104
Invest in subsidiaries00000-157-87-67-57-73-54-32
Investment in group cos0000-53-0-168-197-217-90-628-248
Inter corporate deposits500-20-100-1202022000000
Other investing items0-10-817-748-683-2870000-2
Cash from Financing Activity --500-2,109-955-2,458-1,056-1,415-2,231-1,687-2,096-2,047-2,294-2,420
Proceeds from shares000000011320
Repayment of borrowings-54-120000000000
Interest paid fin-3-2-15-21-12-12-11-5-6-6-9-22
Dividends paid-379-1,997-599-2,097-899-1,199-1,897-1,398-1,737-1,698-1,897-1,937
Financial liabilities00000000000-65
Other financing items-64-98-341-340-146-204-322-285-354-346-390-395
Net Cash Flow-249-23-6101-6932-44-12196107

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Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %47%71%64%60%42%45%51%55%48%46%40%28%
Debtor Days43241013181620173120
Inventory Turnover27.3828.3529.5728.9826.7128.1226.8226.1128.8129.7024.7618.32

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