Hero MotoCorp Ltd.
- 2,533.95 INR
- -8.50
- -0.33%
India
Jul 16, 2019Ticker
BOM(500182)Prev. close
2,542.45Market cap (INR)
507,795.58MMarket cap (USD)
7,390.28MShares
199.72M
In the news
- China makes gains against US in high-tech markets Jul 9, 2019
- Maruti Suzuki, Hero MotoCorp shares slump after tax proposals in India budget Jul 8, 2019
- Bajaj Auto profit beats estimates on commercial vehicle sales, exports May 18, 2018
- India shares halt weekly winning streak as Reliance Industries, HCL Tech fall May 4, 2018
- India shares little changed as software exporters decline, banks advance May 2, 2018 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 2019 | INR | USD |
| Revenue | 339,722.30M | 4,857.15M |
| Gross Profit | 81,253.40M | 1,161.71M |
| Operating income | 43,954M | 628.42M |
| Income before tax | 51,043M | 729.78M |
| Net income | 34,291.10M | 490.27M |
| EBITDA | 50,198.40M | 717.70M |
| Diluted EPS | 172.44 | 2.46 |
| Dividends Per Share | 87 | 1.24 |
| Total Assets | 185,043.60M | 2,671.14M |
| Total liabilities | 52,678.40M | 760.42M |
| Total equity | 131,204.10M | 1,893.96M |
| Operating cash flow | -- | -- |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 274,707.30M | 282,216.50M | 282,966.80M | 318,804.50M | 339,722.30M |
| Gross Profit | 57,423M | 70,776.70M | 73,800.70M | 78,235.80M | 81,253.40M |
| Operating income | 29,244.30M | 40,471.90M | 38,859.90M | 42,737M | 43,954M |
| Income before tax | 32,919.60M | 43,526.70M | 48,304.80M | 52,424.40M | 51,043M |
| Net income | 23,647M | 31,419.80M | 35,842.70M | 37,204M | 34,291.10M |
| EBITDA | 34,648.80M | 44,904.40M | 43,882.40M | 48,486.80M | 50,198.40M |
| Diluted EPS | 118.42 | 157.34 | 179.49 | 186.29 | 172.44 |
| Dividends Per Share | 60 | 72 | 85 | 95 | 87 |
| Total Assets | 106,606.60M | 129,542.90M | 153,849.50M | 189,323.20M | 185,043.60M |
| Total liabilities | 41,021.20M | 40,655.50M | 50,020.60M | 68,676.50M | 52,678.40M |
| Total equity | 65,400M | 88,341.10M | 103,155.10M | 119,714.60M | 131,204.10M |
| Operating cash flow | 23,058.60M | 38,791.20M | 41,752.40M | 42,117.80M | -- |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 4,492.83M | 4,310.56M | 4,219.79M | 4,945.30M | 4,857.15M |
| Gross Profit | 939.15M | 1,081.04M | 1,100.56M | 1,213.59M | 1,161.71M |
| Operating income | 478.28M | 618.16M | 579.50M | 662.93M | 628.42M |
| Income before tax | 538.39M | 664.82M | 720.35M | 813.20M | 729.78M |
| Net income | 386.74M | 479.90M | 534.51M | 577.10M | 490.27M |
| EBITDA | 566.68M | 685.86M | 654.40M | 752.12M | 717.70M |
| Diluted EPS | 1.93 | 2.40 | 2.67 | 2.88 | 2.46 |
| Dividends Per Share | 0.98 | 1.09 | 1.26 | 1.47 | 1.24 |
| Total Assets | 1,703.49M | 1,956.17M | 2,369.28M | 2,902.76M | 2,671.14M |
| Total liabilities | 655.48M | 613.92M | 770.31M | 1,052.97M | 760.42M |
| Total equity | 1,045.04M | 1,334.00M | 1,588.59M | 1,835.50M | 1,893.96M |
| Operating cash flow | 377.12M | 592.49M | 622.63M | 653.33M | -- |
Valuation Measures
| Mar 2019 | |
| PER | 14.81 |
| ROA | 18.31% |
| ROE | 27.33% |
| Operating margin | 12.93% |
| Profit margin | 10.09% |
Key executives
- Chairman, Chief Executive Officer & MD: Pawan Kant Munjal
- Chief Financial Officer: Niranjan Gupta
- Chief Information & Human Resources Officer: Vijay Sethi
- Director & Chief Technology Officer: Vikram S. Kasbekar
- VP-Strategic Sourcing & Supply Chain Management: Neeraj Kumar Mathur
Shareholders
- Bahadur Chand Investments Pvt Ltd. (19.9%)
- MUNJAL PAWAN KANT (14.0%)
- Life Insurance Corp. of India (6.4%)
- SBI Funds Management Pvt Ltd. (2.9%)
- Templeton Global Advisors Ltd. (2.1%)
- Lazard Asset Management LLC (2.0%)
- The Vanguard Group, Inc. (1.6%)
- Aberdeen Standard Investments (Asia) Ltd. (1.5%)
- Westwood Global Investments LLC (1.4%)
- Norges Bank Investment Management (1.3%)
Contact Details
- Website:http://www.heromotocorp.com
- Address: 34, Community Centre, Basant Lok, New Delhi, 110057, India
- Phone: +91.11.46044100
Related Companies
- Sakar Industries Pvt Ltd.
- HMCL Netherlands BV
- HMCL Americas, Inc.
Competitors
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 16 Jul, 2019