Asia300

Hero MotoCorp Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 3,204.9
Apr 21, 2017
Market cap:
Market cap(USD):
640,008M
9,909.17M
Shares: 199.69M

Currency in INR

Company profile

Market(Ticker): BOM(500182)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 26,079

Business summary

Hero MotoCorp Ltd. operates as a two wheeler manufacturing company. It provides two wheelers, its parts and ancillary services. The company offers service and maintenance through a network of dealers and service outlets. Hero MotoCorp was founded by Brijmohan Lall Munjal on January 19, 1984 and is headquartered in New Delhi, India.

Company background

Hero MotoCorp, India's largest motorcycle maker, is a core unit of midsize conglomerate Hero Group.

The company's history is closely tied to Japan's Honda Motor. Hero Group, which had been making bicycles, entered the motorcycle business in 1984 by establishing a joint venture called Hero Honda. Small motorbikes with 100cc to 150cc engines propelled the partnership into the top spot in the Indian market.

Hero, which sought to expand abroad, had a falling-out with Honda over management policy, leading to the end of the partnership in 2011. The company's name was changed to Hero MotoCorp.

In 2012, Hero MotoCorp partnered with a U.S. motorcycle maker, Erik Buell, seeing a chance for technical synergies. The Indian company has also built up its sales network in both urban and rural areas, making it a formidable competitor to Honda.

Nearly 40% of the company's outstanding shares are held by the founding Munjal family. Brijmohan Lall Munjal, who heads Hero Group, serves as chairman of Hero MotoCorp. His son, Pawan Munjal, is CEO of the motorcycle business and is accelerating overseas expansion, including in Africa and South America.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 283,755.1M
Gross profit 71,454.9M
Operating income 37,316.4M
Income before tax 43,124.5M
Net income 30,937.8M
EBITDA 41,786.5M
Diluted EPS 154.93
Dividends per share 72
Total assets 126,831.4M
Total liabilities 46,768.4M
Total equity 79,526.8M
Operating cash flow 39,472.7M

Currency in INR

Revenue 4,334.06M
Gross profit 1,091.40M
Operating income 569.96M
Income before tax 658.68M
Net income 472.54M
EBITDA 638.24M
Diluted EPS 2.36
Dividends per share 1.09
Total assets 1,915.23M
Total liabilities 706.23M
Total equity 1,200.90M
Operating cash flow 602.90M

Currency in USD

Valuation measures

Mar 2016

PER 18.99
ROA 26.50%
ROE 42.69%
Operating margin 13.15%
Profit margin 10.90%

Key executive

  • Chairman, Chief Executive Officer & MD: Pawan Kant Munjal
  • Director, Head-Operations & Supply Chain: Vikram S. Kasbekar
  • Chief Financial Officer: Niranjan Gupta
  • Chief Information Officer: Vijay Sethi
  • Chief Technology Officer: Markus Braunsperger

Share holders

  • Bahadur Chand Investments Pvt Ltd.(20.0%)
  • Aberdeen Asset Management (Asia) Ltd.(7.9%)
  • MUNJAL PAWAN KANT(7.6%)
  • MUNJAL RENU(7.6%)
  • MUNJAL SUMAN KANT(7.6%)
  • Life Insurance Corp. of India(6.9%)
  • Aberdeen Asset Managers Ltd.(2.8%)
  • GIC Special Investments Pte Ltd.(2.7%)
  • OppenheimerFunds, Inc.(2.7%)
  • Lazard Asset Management LLC(2.5%)

Address

  • Website: http://www.heromotocorp.com
  • Address: 34, Community Centre, Basant Lok, New Delhi, 110057, India
  • Phone: +91.11.26142451

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