Hero MotoCorp Ltd share price logo

Hero MotoCorp Ltd (HEROMOTOCO)

₹5053.851.1%

bell
Get free price alerts. Set up your Free investment account to get Live Prices. >
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Hero MotoCorp Ltd share Performance

  • ₹5,029.25
    ₹5,122.8
    ₹5053.85
    downward going graph

    0.49%

    Low

    Day's Volatility:1.85%

    High

    1.36%

    downward going graph
  • ₹2,667.2
    ₹5,168.6
    ₹5053.85
    downward going graph

    47.22%

    Low

    52 Weeks Volatility:49.49%

    High

    2.27%

    downward going graph
1 Month Return+ 18.51 %
3 Month Return+ 12.68 %
1 Year Return+ 89.81 %
Previous Close₹5,109.85
Open₹5,075.00
Volume4.80L
Upper Circuit-
Lower Circuit-
Market Cap₹1,02,161.80Cr

Analyst Rating

based on 39 analysts

BUY
65.79%
Buy
15.79%
Hold
18.42%
Sell

Based on 39 analysts offering long term price targets for Hero MotoCorp Ltd. An average target of ₹5008.44

Source: S&P Global Market Intelligence

Company Information

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: ₹5053.85 per share as on 21 May, 2024 04:01 PM
Market Capitalisation: ₹1,02,161.80Cr as of today
Revenue: ₹9,616.68Cr as on March 2024 (Q1 24)
Net Profit: ₹943.46Cr as on March 2024 (Q1 24)
Listing date: 25 Jan, 1995
Chairperson Name: Pawan Munjal
OrganisationHero MotoCorp Ltd
HeadquartersNew Delhi
IndustryAutomobile
E-voting on sharesClick here to vote

Key events for Hero MotoCorp Ltd

  • Hero MotoCorp Expands Premium Motorcycle Segment - 21 May, 2024

    Hero MotoCorp is increasing production of premium motorcycles and focusing on sales and distribution strategies to grow its market share. The company is also set to manufacture Harley-Davidson models locally for both domestic and international markets.

  • Hero MotoCorp Plans Expansion with New Manufacturing Plants and Collaboration with Harley-Davidson - 20 May, 2024

    Hero MotoCorp is planning to invest Rs 5,000 crore in new manufacturing plants in India and abroad while expanding its partnership with Harley-Davidson to introduce more models in the Indian market. The company also plans to introduce new electric two-wheeler models.

  • Indian firms with rural revenue to benefit from heavy monsoon - 18 May, 2024

    Stocks of Indian companies that earn a significant portion of their revenues from the hinterland, including Hero MotoCorp, are expected to benefit from bountiful monsoon rains leading to better crop yields and increased rural demand.

  • Hero MotoCorp Joins ONDC Network, Shares Hit 52-Week High - 15 May, 2024

    Hero MotoCorp became the first automotive company in India to join the Open Network for Digital Commerce (ONDC) network. The two-wheeler manufacturer's total revenue grew by more than 13% to ₹9,699.34 crore from ₹8,543.7 crore in Q4 FY24. LKP Research has recommended a 'Buy' rating on Hero Motocorp Ltd with a target price of Rs. 5378.

  • Hero MotoCorp Sees Growth Across Multiple Fronts - 14 May, 2024

    Hero MotoCorp's shares have risen consistently over the past year, gaining 57%, significantly outperforming Nifty 50. The company joined the ONDC network on May 13th, becoming the first auto company in India to do so. Hero MotoCorp also witnessed a significant increase in sales, with a 31% rise in wholesales compared to April last year. Additionally, the company is looking for inorganic growth to strengthen its EV play.

  • Hero MotoCorp Joins ONDC Network and Plans Overseas Manufacturing Factory - 13 May, 2024

    Hero MotoCorp has joined the ONDC network to provide an enhanced purchasing experience. The company also announced its plans to establish its first overseas manufacturing factory in Brazil, aiming to drive market share gains through new launches. Goldman Sachs, Jefferies, Yes Securities, Motilal Oswal, and CLSA have picked Hero MotoCorp as a hot stock pick.

  • Hero MotoCorp Faces Competition, Announces Dividend Payment - 11 May, 2024

    Hero MotoCorp is facing increased competition in the market but has announced a dividend payment of ₹40.00 per share on September 11, with an annual payment of 2.4% of the stock price.

  • Hero MotoCorp Gains After Positive Recommendations and Strong Q4 Results - 10 May, 2024

    Hero MotoCorp's Q4 results show strong YoY growth in revenue and profits. Axis Direct and ICICI Direct are both bullish on the stock, recommending it with targets of Rs 5,530 and Rs 5,600 respectively. The stock gained 2.97% on the NSE.

  • Hero MotoCorp Reports Strong Q4 Results - 09 May, 2024

    Hero MotoCorp's Q4FY24 results showed a 4.6% YoY growth in the company's average realization, reaching ₹68,373. The company is expected to see double-digit revenue growth for FY25, aided by strong domestic demand from urban and rural areas, as well as upcoming product launches and enhancements to the distribution network. Hero MotoCorp is actively expanding its EV portfolio, with new launches expected in the first half of FY25.

  • Hero MotoCorp Reports Strong Q4 Results and Plans New Launches - 08 May, 2024

    Hero MotoCorp reported strong Q4 results with an 18% YoY increase in net profit and announced the launch of new scooters ahead of the festive season. The company also plans to expand its presence in the electric two-wheeler segment and increase market share through new launches.

  • Analysts Predict Strong Q4 Results for Hero MotoCorp - 07 May, 2024

    Hero MotoCorp is set to announce its Q4FY24 results on May 8, with analysts forecasting a robust quarter driven by healthy volume growth and strong sales figures. Revenue is expected to grow around 14% YoY, while net profit is likely to rise 22%. EBITDA margins are also predicted to improve up to 123 bps YoY due to richer product mix, commodity tailwinds price hikes, and lower other expenses.

  • Hero MotoCorp Reports 34.7% YoY Growth in April Sales - 03 May, 2024

    Hero MotoCorp reported sales of 5,33,585 units in India in April 2024, a growth of 34.7% compared to the same period last year. The company's scooter sales stood at 37,043 units.

  • Hero MotoCorp Reports Strong Sales Growth in April 2024 - 02 May, 2024

    Hero MotoCorp reported strong sales growth in April 2024 with a 34.7% YoY increase in unit sales. Domestic sales grew by 33%, while exports surged by 105%. The company also posted impressive Q3 FY24 results with a 51% jump in net profit and declared an interim dividend of ₹100 per share.

  • Hero MotoCorp Announces Pricing for Harley-Davidson 2024 Models - 30 Apr, 2024

    Hero MotoCorp has announced the ex-showroom prices for its 2024 range of Harley-Davidson motorcycles in India, starting from Rs 13.39 lakh up to Rs 41.79 lakh.

  • Axis Securities Picks Hero MotoCorp as Top Pick of the Week - 29 Apr, 2024

    Hero MotoCorp is Axis Securities' top pick of the week due to new product rollout, improvement in 2W business, robust margin trajectory, and rural recovery. The brokerage has a buy call on the stock with a target price of ₹4,935, implying a potential upside of 10%. Hero MotoCorp reported a 5.5% increase in total sales for FY23-24, demonstrating a positive trend.

  • Emkay Global Upgrades Hero MotoCorp to Buy - 26 Apr, 2024

    Emkay Global has upgraded Hero MotoCorp stock to Buy from Reduce with a revised target price of Rs 5,100. The broking firm believes the shares remain attractively valued and have a multi-year low valuation discount versus Bajaj Auto. Replacement-led upturn provides growth visibility in two-wheelers for 2-3 years. Positive initial weather forecasts for the 2024 monsoon season may further drive rural demand.

  • Emkay Global Upgrades Hero MotoCorp Rating to Buy - 25 Apr, 2024

    Emkay Global Financial Services has upgraded the rating for Hero MotoCorp shares to Buy from Reduce with a target price of Rs 5100. The brokerage cites recent product launches, sustained growth in the domestic two-wheeler market, and positive outlook for monsoons as reasons for the recommendation.

  • Hero MotoCorp's CTO Resigns; Vikram Kasbekar to Head R&D - 23 Apr, 2024

    Hero MotoCorp's Chief Technology Officer, Arun Jaura, has resigned. Effective April 30th, Vikram Kasbekar will assume additional responsibilities by leading the Research and Development function of the company.

  • Hero MotoCorp Launches Assembly Facility in Nepal; CTO Steps Down - 22 Apr, 2024

    Hero MotoCorp has opened an assembly facility in Nepal with a capacity of 75,000 units per annum and launched four products. The company's CTO, Dr. Arun Jaura, has resigned and will be replaced by Vikram Kasbekar. The stock price jumped by 2.28%.

Fundamentals of Hero MotoCorp Ltd

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

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 28.33% to 28.92% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.73% to 14.02% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 month, HEROMOTOCO stock has moved up by 18.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Mahindra & Mahindra Ltd has given 97.8% return, outperforming this stock by 8.0%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 34.76% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Mahindra & Mahindra Ltd has given 205.7% return, outperforming this stock by 128.6%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 10.07K Cr → 9.79K Cr (in ₹), with an average decrease of 2.8% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.80% to 8.55% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 1.09K Cr → 935.01 Cr (in ₹), with an average decrease of 14.5% per quarter

Hero MotoCorp Ltd Valuation

Hero MotoCorp Ltd in the last 5 years

  • Overview

  • Trends

Lowest (8.10x)

March 30, 2020

Today (27.27x)

May 18, 2024

Industry (56.30x)

May 18, 2024

Highest (27.44x)

May 16, 2024

LowHigh

Mutual Fund Holdings

Funds Holdings
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth2.27%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth1.63%
Kotak Multicap Fund Direct GrowthKotak Multicap Fund Direct Growth4.26%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth2.06%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.91%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
34.76%
0.00
Foreign Institutions
28.92%
0.00
Mutual Funds
14.02%
0.00
Retail Investors
8.55%
0.00
Others
13.75%
0.00

Technicals of Hero MotoCorp Ltd share

News & Events of Hero MotoCorp Ltd

News

Indusind Bank share price Today Live Updates : Indusind Bank Stock Sees Gains in Trading Today

Indusind Bank Share Price Today Live Updates : Indusind Bank stock price went up today, 20 May 2024, by 0.3 %. The stock closed at 1411.75 per share. The stock ... Read more

20 May, 2024 08:00 AM

Indusind Bank Share Price Live blog for 21 May 2024

Indusind Bank Share Price Today Live Updates : Indusind Bank stock price went up today, 21 May 2024, by 0.3 %. The stock closed at 1411.75 per share. The stock ... Read more

21 May, 2024 08:06 AM

IndusInd Bank Share Price Live Updates: IndusInd Bank Closes at Rs 1417.3 with Below-Average Trading Volume

Stay up-to-date with the IndusInd Bank Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the l... Read more

21 May, 2024 08:30 AM
View More

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Hero MotoCorp Ltd shares.

Hero MotoCorp Ltd (HEROMOTOCO) share price today is ₹5053.85

Hero MotoCorp Ltd is listed on NSE

Hero MotoCorp Ltd is listed on BSE

  • Today’s highest price of Hero MotoCorp Ltd is ₹5122.8.
  • Today’s lowest price of Hero MotoCorp Ltd is ₹5029.25.

PE Ratio of Hero MotoCorp Ltd is 27.27

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 4.80L.

Today’s market capitalisation of Hero MotoCorp Ltd(HEROMOTOCO) is ₹102161.8Cr.

Hero MotoCorp Ltd(HEROMOTOCOPrice
52 Week High
₹5168.6
52 Week Low
₹2667.2

Hero MotoCorp Ltd(HEROMOTOCO) share price is ₹5053.85. It is down -2.22% from its 52 Week High price of ₹5168.6

Hero MotoCorp Ltd(HEROMOTOCO) share price is ₹5053.85. It is up 89.48% from its 52 Week Low price of ₹2667.2

Hero MotoCorp Ltd(HEROMOTOCOReturns
1 Day Returns
-56%
1 Month Returns
18.51%
3 Month Returns
12.68%
1 Year Returns
89.81%