Hero MotoCorp Ltd
Hero MotoCorp Ltd (HEROMOTOCO)

Hero MotoCorp Ltd (HEROMOTOCO)

₹2568.40.75%

Key Stats

₹2527.5
Day's Price Range
₹2573.6
₹2146.85
52-Week Price Range
₹2950
1 Month Return-9.77 %
3 Month Return-6.88 %
1 Year Return-10.5 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 4
19.21
EPS
Rank 3
₹132.69
BVPS
Rank 4
₹793.13
Dividend Yield
Rank 2
3.6%
ROE
Rank 6
15.96%
Price To Book Ratio
Rank 3
3.21
Debt To Asset
Rank 7
0.33

Company Information

Hero MotoCorp Limited is the worlds largest manufacturer of twowheelers. The company has four manufacturing facilities namely Dharuhera and Gurgaon in Haryana Haridwar in Uttarakhand and Neemrana in Rajasthan. The company is based in New Delhi India. The company offers a range of bikes starting from CD Dawn CD Deluxe Splendor Plus Splendor NXG Passion and Passion Pro. The 125 cubic centimeter segment offers Glamour Super Splendor and Glamour F1. It also has an offering called Achiever in 135 cubic centimeter segment. In the 150 cubic centimeter and above the company offers brands like Hunk CBZ Xtreme Karizma and the Karizma ZMR. It also offers a 100 cubic centimeter scooter Pleasure.Hero MotoCorp Limited was incorporated in the year 1984 with the name Hero Honda Motors Ltd. The company was established as a joint venture company between Honda Motor Company of Japan and Hero Group. In the year 1983 they signed a joint collaboration agreement and formed the company. The joint venture between Indias Hero Group and Honda Motor Company Japan has not only created the worlds single largest two wheeler company but also one of the most successful joint ventures worldwide.In the year 1985 the company commenced their commercial production at Dharuhera plant in Haryana and introduced their first motorcycle CD 100 in the market. In the year 1989 they launched the new motorcycle model Sleek in the market and in the year 1991 they introduced new motorcycle model CD 100 SS in the market. In the year 1995 the company introduced their extraordinary product Splendor in the market.In the year 1997 the company inaugurated their second manufacturing facility at Gurgaon in Haryana. Also they introduced new motorcycle model Street in the market. In the year 1999 they launched Hero Honda CBZ the first 150cc motorcycle in the Indian two wheeler industry. In the year 2001 the company introduced new models Passion and Joy in the market. In the next year they introduced new models Dawn and Ambition in the market.In the year 2003 the company launched new motorcycle models namely CD Dawn Splendor and Passion Plus in the market. Also they launched Hero Honda Karizma the industrys first 223cc motorcycle. In the year 2004 they introduced new models Ambition 135 and CBZ in the market. During the year they renewed the joint technical agreement with the Honda Motors Company Japan.In the year 2005 the company launched Super Splendor CD Deluxe Glamour and Achiever in the market. In the year 2006 the company forayed into scotter segment and launched 100cc gearless scotter Pleasure in the market. In the year 2007 the company launched Splendor NXG CD Deluxe Passion Plus and Hunk in the market.During the year 200708 the company commissioned their third plant at Haridwar in Uttarakhand with an initial installed capacity of 500000 units. This plant had lean manufacturing and practices that ensure efficiency. During the year the company launched new models including variants including Splendor NXG Hunk New Super Splendor New Passion Plus Commemorative Splendor and a refreshed version of Pleasure. During the year 200809 the company increased the installed capacity of Motorised 2 wheelers upto 350CC engine by 1800000 Nos to 5200000 Nos. Also they launched eight models: Passion Pro 100 cubic capacity4 Stroke CBZExtreme 150 cubic capacity 4 Stroke Pleasure New Aesthetics Splendor NXG Self Start CD Deluxe Self Start Glamour FI Glamour Carb and HUNK Special Edition. Also they launched new motorcycle model Karizma ZMR in the market.During the year 200910 the company increased the installed capacity of Motorised 2 wheelers upto 350CC engine by 200000 Nos to 5400000 Nos. The company launched nine new models during the year. During the year 201011 the company launched six new models including variants of existing models successfully. They refreshed Glamour and Glamour FI. They introduced the New Hunk Super Splendor and Splendor Pro. The company launched the new upgraded versions of CBZ Xtreme and Karizma. Also they breached the landmark 5 million figure cumulative sales in a single year. During the year the Indian Promoter Group of the company which comprised of Hero Investments Pvt Ltd HIPL Bahadur Chand Investment Pvt Ltd BCIPL and Hero Cycles Limited Hero Cycles realigned the shareholding in the company following a family agreement. As a result Hero Cycles transferred its shareholding in the company to HIPL on May 28 2010. As a result of these transactions the Indian Promoter Group of the company now comprises of HIPL and BCIPL owned and controlled entirely by the Munjal Family headed by Brijmohan Lall Munjal. Also during the year the Indian Promoter Group and Honda Motor Co Ltd Japan Honda entered into a Share Transfer Agreement the Agreement on January 22 2011. As per the terms of the Agreement Honda had agreed to transfer its entire shareholding of 26 in the Company to the Indian Promoter Group bringing an end to the joint venture between the two promoter groups of the company. The acquisition was completed on March 22 2011 and the shares held by Honda were transferred to the Indian joint venture partner.In addition to the Agreement the Indian Promoter Group and Honda also entered into a License Agreement on January 1 2011. As per this agreement Honda has given to the company the right and license to manufacture assemble sell and distribute certain products and their service parts under their Intellectual Property Rights.In July 2011 the company changed their name from Hero Honda Motors Ltd to Hero MotoCorp Ltd. In February 2012 the company entered into a strategic partnership with Erik Buell Racing EBR of USA for contemporary technology and design inputs to enable the company to launch high end bikes for the domestic and international markets.In 2013 Hero Motocorp commenced construction of its new plant Global Parts Centre. The company Commences Construction of Its GAMECHANGING Centre of Global Innovation And Research Design. In 2014 Hero Motocorp Heralds A New Era Of Technology Leadership. The company Sets New Benchmark For The Global Two Wheeler Industry. The company Launches Splendor Ismart With Game Changing I3s Technology. The company also rides Into A Greener Tomorrow With GARDEN FactoryIn 2015 Hero MotoCorp launched a new entry level commuter the HF Dawn. During the year the company has been allocated a 592acre site to facilitate development of its Rs 1600crore Greenfield manufacturing unit in Andhra Pradesh. HMCL Americas INC enters into Settlement Agreement to Acquire EBRs Consulting Business. The company commences operation in their first ever plant outside India established in Villa Rica Colombia.On 29 September 2015 Hero MotoCorp launched two scooters under the brands Maestro Edge and Duet.In February 2016 Hero MotoCorp showcased three new bikes Splendor iSmart 110 the Xtreme 200 S the XF3R and an electric scooter the Duet E at Auto Expo a trade show in New Delhi. On 10 March 2016 Hero MotoCorp formally inaugurated its worldclass Global Centre of Innovation and Technology CIT in Jaipur Rajasthan. Built with an investment of Rs 850 crore the CIT will design and develop worldclass products for global markets.In April 2016 Hero MotoCorp launched a drive against unscrupulous traders selling counterfeit Hero spare parts. On 14 July 2016 Hero MotoCorp launched the new Splendor iSmart 110 the first motorcycle to be developed completely inhouse with Heros own technology. To commemorate the landmark 70 million in cumulative production of twowheelers Hero MotoCorp on 26 September 2016 launched a Limited Edition of a new premium motorcycle Achiever 150. The Board of Directors of Hero MotoCorp at its meeting held on 26 October 2016 approved an investment of up to Rs 205 crore in one or more tranches for approximately 2630 shareholding in Ather Energy Private Limited. Ather is a Bangalorebased technology startup engaged in the business of designing and manufacturing smart Electric Vehicles EV and associated charging infrastructure.On 10 November 2016 Hero MotoCorp unveiled its new Dawn 125 motorcycle at the EICMA Motorcycle show in Milan Italy. As part of Hero MotoCorps marketspecific product strategy the Dawn 125 motorcycle has been developed specifically for the Africa region.On 12 January 2017 Hero MotoCorp launched new Glamour motorcycle in Argentina its firstever global launch of a new product outside India. On 3 April 2017 Hero MotoCorp announced that the company clocked its highestever sales in a financial year at 6663903 units in FY 2017 compared to 6632322 units it had sold in the previous fiscal FY 2016.In May 2017 Hero MotoCorp commenced commercial production at the second global manufacturing facility in Bangladesh. On 3 October 2017 Hero MotoCorp announced that it has set a new global benchmark in the twowheeler industry surpassing the seven lakh sales mark in any month. Riding on robust demand for its range of twowheelers the company registered its highestever sales for any month despatching 720739 units in September 2017. On 11 October 2017 Hero MotoCorp announced that it has set a new global record clocking 2 million unit sales in Q2 September 2017. Hero MotoCorp sold 2022805 units of twowheelers in Q2 September 2017 recording 11 growth over the corresponding quarter in the previous fiscal. On 7 November 2017 Hero MotoCorp unveiled the Xpulse Concept motorcycle as a world premier at the EICMA annual trade show in Milan Italy. On 21 December 2017 Hero MotoCorp unveiled three new motorcycles the 125cc Super Splendor the 110cc Passion PRO and the 110cc Passion XPRO to further augment its dominant leadership in the domestic market. On 22 December 2017 Hero MotoCorp announced that it will be increasing the exshowroom prices of its motorcycles by about Rs 400 per model with effect from 1 January 2018 to partially offset rising input costs. Hero MotoCorp surpassed the landmark seven million units in cumulative sales in a calendar year in 2017. The company sold a record 7207363 units of twowheelers in the calendar year in 2017.During FY 201718 construction of sixth manufacturing facility at Sricity in Chittoor District in the state of Andhra Pradesh has commenced with a proposed capacity of 1.8 million units per annum. The company will invest Rs 1600 crore in setting up this manufacturing facility. The plant is expected to be operational in FY 201920.During FY 201718 the second overseas plant of the company at Jessore in Bangladesh started commercial production during the first quarter.During the year 201718the Company added two markets Trinidad Tobago and Guyana to grow the countries in which HMCL is present in to 37.As on 31 March 2018the Company has 6 subsidiaries including step down subsidiaries and 3 associate companies.During FY 201819 construction of sixth manufacturing facility at Sricity in Chittoor District in the state of Andhra Pradesh has reached at an advanced stage with an annual installed capacity of 1.8 million units.The Company has invested approx. Rs 650 crore in Phase I out of total projected investment of Rs 1600 crore in setting up the manufacturing facility. Phase I is expected to be operational by October 2019.Further the overseas plant of your Company at Jessore in Bangladesh achieved its designed production capacity of 1.5 lakh units during FY 201819 and consolidated decent market share.As on 31 March 2019the Company has 7 subsidiaries including step down subsidiaries and 3 associate companies. During the FY2019the Company has set up a Tech Center in Germany as its wholly owned subsidiary under the name Hero Tech Center Germany GmbH.The Company sold over 78.21 lakh vehicles during the financial year 201819 the highest by any twowheeler company in the world.During FY 201920 the Companys sixth manufacturing facility in Chittoor District in the state of Andhra Pradesh was commissioned with Phase I installed capacity of 0.4 million units. The total Phase I investment is approximately Rs 700 crore out of total projected investment of Rs 1600 crore in setting up the manufacturing facility. Transition from BSIV to BSVI emission norms has been successfully accomplished well in time across all platforms in FY 201920.As on 31 March 2020the Company has 6 subsidiaries including step down subsidiaries and 2 associate companies and regularly monitors the performance of these companies. During the year the Companys whollyowned subsidiary HMCL NA Inc. which had invested in Erik Buell Racing Inc. was dissolved and thus Erik Buell Racing Inc. also ceased to be the associate of the company.The XPulse 200 awarded Indian Motorcycle of the Year 2020 by media houses and also awarded Tourer Bike upto 250cc of the Year 2020 by Flywheel Auto Awards.Investment in Ather Energy Electric is widely recognized as one of the most exciting areas in emerging mobility space. In 2016 Hero MotoCorp invested in Ather Energy a twowheeler electric vehicle company which went on to launch multiple products. As a follow up Hero MotoCorp participated in other investment rounds. In July 2020 the Company invested Rs 84 crore in Ather Energy taking up its shareholding in the company to 34.58. Subsequently in November 2020 Hero MotoCorp again invested in Series D round in the Electric Vehicle startup.In October 2020 the Company signed a distribution agreement with HarleyDavidson HD under which the Company will sell and service HD motorcycles and sell parts and accessories and general merchandise riding gear and apparel in India. The Company has inducted 11 dealers of HarleyDavidson into its own distribution network. Starting 01 January 2021 Hero MotoCorp Ltd. has become the distributor for HarleyDavidson in India. Hero MotoCorp Ltd. and HarleyDavidson also signed a Licensing agreement under which the Company will develop and sell a range of premium motorcycles under the HD brand name.During the FY2021 the company also entered into a strategic partnership with Gogoror Inc. to accelerate the shift from fuel based mobility to sustainable electric mobility in India.During FY 202021 the company entered into Mexico market and the footprint of the company reached 41 markets outside India.On 04 February 2021the company declared a special dividendof Rs 10 per share to mark the achievement of historic milestone of achieving 100 Million cumulative production of two wheelers.The company proactively paused its operations temporarily during the second wave at all of its manufacturing facilities across the country including its Global Parts Center GPC in Neemrana and its RD facility the Centre of Innovation and Technology CIT Jaipur due to the Operations escalation of Covid19 cases across the country. The company gradually resumed its operations from 17 May 2021 by starting single shift production at three of its plants Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand.The company resumed production at all its manufacturing plants in India from 24 May 2021.During the second quarter of FY2022 Hero MotoCorp achieved two consecutive recognitions from the Guinness World Record for creating the Largest Motorcycle Logo in August 2021 and for creating the Largest Online Photo Album of People Planting Plants in September 2021.During the third quarter of FY2022the company inaugurated a flagship dealership in Dubai to expand presence in the Gulf market to 10 customer touchpoints in 5 countries.Also Partnered with Gilera Motors in Argentina to expand Heros presence in the country inaugurated a flagship dealership in Buenos Aires under the partnership.
OrganisationHero MotoCorp Ltd
HeadquartersNew Delhi
IndustryAutomobile