Hero MotoCorp Ltd.
In the news
- Indian stocks crash by 13% in one day as economic activity stops Mar 23, 2020
- Asian stocks gain as G7 finance chiefs move to tackle epidemic Mar 3, 2020
- India's bike makers slowed as coronavirus disrupts parts supply Feb 25, 2020
- Bajaj Auto's domestic motorcycle sales skid amid shift to new fuel norm Feb 4, 2020
- Bajaj Auto backs ride-sharing platform Yulu in EV push Nov 29, 2019 See more articles on Hero MotoCorp Ltd.
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.
Business Summary
Financial Highlights
| Mar 2022 | INR | USD |
| Revenue | 290,604.90M | 3,900.23M |
| Gross Profit | 51,281.20M | 688.24M |
| Operating income | 23,754M | 318.80M |
| Income before tax | 32,571.60M | 437.14M |
| Net income | 23,168.80M | 310.95M |
| EBITDA | 30,649.20M | 411.34M |
| Diluted EPS | 115.92 | 1.55 |
| Dividends Per Share | 95 | 1.27 |
| Total Assets | 227,226.90M | 2,998.70M |
| Total liabilities | 67,279.90M | 887.89M |
| Total equity | 158,466.50M | 2,091.27M |
| Operating cash flow | 22,151.50M | 297.29M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 318,804.50M | 335,162M | 288,779.40M | 305,090.10M | 290,604.90M |
| Gross Profit | 78,235.80M | 72,599.90M | 59,470.40M | 57,772.50M | 51,281.20M |
| Operating income | 42,737M | 40,608.20M | 30,005.70M | 30,074.80M | 23,754M |
| Income before tax | 52,424.40M | 50,435.40M | 45,764.50M | 38,958.80M | 32,571.60M |
| Net income | 37,204M | 34,440.90M | 36,381.10M | 29,177.50M | 23,168.80M |
| EBITDA | 48,486.80M | 46,852.60M | 38,463.30M | 37,226M | 30,649.20M |
| Diluted EPS | 186.29 | 172.43 | 182.14 | 146.04 | 115.92 |
| Dividends Per Share | 95 | 87 | 90 | 90 | 95 |
| Total Assets | 189,323.20M | 186,038.40M | 198,322.60M | 233,049.90M | 227,226.90M |
| Total liabilities | 68,676.50M | 53,673.20M | 52,853.80M | 77,453.80M | 67,279.90M |
| Total equity | 119,714.60M | 131,204.10M | 144,062.80M | 154,164.20M | 158,466.50M |
| Operating cash flow | 42,117.80M | 13,551.30M | 58,169.20M | 41,755.50M | 22,151.50M |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 4,945.30M | 4,791.95M | 4,072.70M | 4,109.78M | 3,900.23M |
| Gross Profit | 1,213.59M | 1,037.99M | 838.72M | 778.23M | 688.24M |
| Operating income | 662.93M | 580.59M | 423.17M | 405.12M | 318.80M |
| Income before tax | 813.20M | 721.09M | 645.42M | 524.80M | 437.14M |
| Net income | 577.10M | 492.41M | 513.08M | 393.04M | 310.95M |
| EBITDA | 752.12M | 669.87M | 542.45M | 501.46M | 411.34M |
| Diluted EPS | 2.88 | 2.46 | 2.56 | 1.96 | 1.55 |
| Dividends Per Share | 1.47 | 1.24 | 1.26 | 1.21 | 1.27 |
| Total Assets | 2,902.76M | 2,685.50M | 2,621.53M | 3,187.49M | 2,998.70M |
| Total liabilities | 1,052.97M | 774.78M | 698.65M | 1,059.36M | 887.89M |
| Total equity | 1,835.50M | 1,893.96M | 1,904.30M | 2,108.55M | 2,091.27M |
| Operating cash flow | 653.33M | 193.74M | 820.37M | 562.47M | 297.29M |
Valuation Measures
| Mar 2022 | |
| PER | 19.80 |
| ROA | 10.06% |
| ROE | 14.82% |
| Operating margin | 8.17% |
| Profit margin | 7.97% |
Key executives
- Chairman & Chief Executive Officer: Pawan Kant Munjal
- Chief Operating & Human Resources Officer: Michael J. P. Clarke
- Chief Financial Officer: Niranjan Gupta
- Chief Technology Officer: Arun Jaura
- Chief Information & Digital Officer: Reema Jain
Shareholders
- Bahadur Chand Investments Pvt Ltd. (20.0%)
- MUNJAL PAWAN KANT (14.0%)
- Life Insurance Corporation of India (Investment Portfolio) (12.7%)
- Exide Life Insurance Co. Ltd (2.4%)
- Westwood Global Investments LLC (2.1%)
- PPFAS Asset Management Private Ltd. (2.1%)
- The Vanguard Group, Inc. (2.0%)
- SBI Funds Management Pvt Ltd. (2.0%)
- Norges Bank Investment Management (1.4%)
- BlackRock Fund Advisors (1.3%)
Contact Details
- Website:http://www.heromotocorp.com
- Address: The Grand Plaza, Nelson Mandela Road, New Delhi, 110070, India
- Phone: +91.11.46044200
Related Companies
- Hero Tech Center Germany GmbH
- Sakar Industries Pvt Ltd.
- HMCL Netherlands BV
- HMCL Americas, Inc.
- HMC MM Auto Ltd.
Competitors
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