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Hero MotoCorp Ltd.
- 3,265.00 INR
- -21.10
- -0.64%
India
Aug 16, 2018Ticker
BOM(500182)Prev. close
3,286.10Market cap (INR)
656,271.81MMarket cap (USD)
9,335.80MShares
199.71M
In the news
- 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
- Honda eyes top slot in India's two-wheeler market Apr 14, 2018
- SUVs grab 30% of Indian auto market as incomes grow Apr 11, 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 2018 | INR | USD |
| Revenue | 318,804.50M | 4,945.30M |
| Gross Profit | 78,235.80M | 1,213.59M |
| Operating income | 42,737M | 662.93M |
| Income before tax | 52,424.40M | 813.20M |
| Net income | 37,204M | 577.10M |
| EBITDA | 48,486.80M | 752.12M |
| Diluted EPS | 186.29 | 2.88 |
| Dividends Per Share | 95 | 1.47 |
| Total Assets | 189,323.20M | 2,902.76M |
| Total liabilities | 68,676.50M | 1,052.97M |
| Total equity | 119,714.60M | 1,835.50M |
| Operating cash flow | 42,117.80M | 653.33M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 252,458.60M | 274,707.30M | 282,216.50M | 282,966.80M | 318,804.50M |
| Gross Profit | 46,875.20M | 57,423M | 70,776.70M | 73,800.70M | 78,235.80M |
| Operating income | 24,166.40M | 29,244.30M | 40,471.90M | 41,742.70M | 42,737M |
| Income before tax | 28,641M | 32,919.60M | 43,526.70M | 48,304.80M | 52,424.40M |
| Net income | 21,026.60M | 23,647M | 31,419.80M | 35,842.70M | 37,204M |
| EBITDA | 35,240.10M | 34,648.80M | 44,904.40M | 46,765.20M | 48,486.80M |
| Diluted EPS | 105.30 | 118.42 | 157.34 | 179.49 | 186.29 |
| Dividends Per Share | 65 | 60 | 72 | 85 | 95 |
| Total Assets | 101,263.80M | 106,606.60M | 129,542.90M | 153,849.50M | 189,323.20M |
| Total liabilities | 45,028.90M | 41,021.20M | 40,655.50M | 50,020.60M | 68,676.50M |
| Total equity | 56,226.40M | 65,400M | 88,341.10M | 103,155.10M | 119,714.60M |
| Operating cash flow | 30,938M | 23,058.60M | 38,791.20M | 41,752.40M | 42,117.80M |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 4,177.40M | 4,492.83M | 4,310.56M | 4,219.79M | 4,945.30M |
| Gross Profit | 775.63M | 939.15M | 1,081.04M | 1,100.56M | 1,213.59M |
| Operating income | 399.87M | 478.28M | 618.16M | 622.49M | 662.93M |
| Income before tax | 473.92M | 538.39M | 664.82M | 720.35M | 813.20M |
| Net income | 347.92M | 386.74M | 479.90M | 534.51M | 577.10M |
| EBITDA | 583.11M | 566.68M | 685.86M | 697.39M | 752.12M |
| Diluted EPS | 1.74 | 1.93 | 2.40 | 2.67 | 2.88 |
| Dividends Per Share | 1.07 | 0.98 | 1.09 | 1.26 | 1.47 |
| Total Assets | 1,695.57M | 1,703.49M | 1,956.17M | 2,369.28M | 2,902.76M |
| Total liabilities | 753.96M | 655.48M | 613.92M | 770.31M | 1,052.97M |
| Total equity | 941.46M | 1,045.04M | 1,334.00M | 1,588.59M | 1,835.50M |
| Operating cash flow | 511.92M | 377.12M | 592.49M | 622.63M | 653.33M |
Valuation Measures
| Mar 2018 | |
| PER | 19.03 |
| ROA | 21.68% |
| ROE | 33.38% |
| Operating margin | 13.40% |
| Profit margin | 11.66% |
Key executives
- Chairman, Chief Executive Officer & MD: Pawan Kant Munjal
- Chief Financial Officer: Niranjan Gupta
- Chief Information & Human Resources Officer: Vijay Sethi
- Chief Technology Officer: Markus Braunsperger
- VP-Strategic Sourcing & Supply Chain Management: Neeraj Mathur
Shareholders
- Bahadur Chand Investments Pvt Ltd. (20.0%)
- MUNJAL PAWAN KANT (14.0%)
- Life Insurance Corp. of India (6.3%)
- OppenheimerFunds, Inc. (3.8%)
- Lazard Asset Management LLC (2.3%)
- Templeton Global Advisors Ltd. (1.9%)
- Aberdeen Asset Managers Ltd. (1.9%)
- SBI Funds Management Pvt Ltd. (1.7%)
- The Vanguard Group, Inc. (1.6%)
- Aberdeen Asset Management (Asia) Ltd. (1.6%)
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
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