Asia300

Hero MotoCorp Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 18, 2017
Prev close: 3,982.75
Aug 18, 2017
Market cap:
Market cap(USD):
795,342.5M
12,403.48M
Shares: 199.69M

Currency in INR

Company profile

Market(Ticker): BOM(500182)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 24,183

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 2017

  • Local currency
  • US Dollar
Revenue 282,966.8M
Gross profit 73,800.7M
Operating income 41,742.7M
Income before tax 48,304.8M
Net income 35,842.7M
EBITDA 46,765.2M
Diluted EPS 179.49
Dividends per share 85
Total assets 153,849.5M
Total liabilities 50,020.6M
Total equity 103,155.1M
Operating cash flow 41,752.4M

Currency in INR

Revenue 4,219.79M
Gross profit 1,100.56M
Operating income 622.49M
Income before tax 720.35M
Net income 534.51M
EBITDA 697.39M
Diluted EPS 2.67
Dividends per share 1.26
Total assets 2,369.28M
Total liabilities 770.31M
Total equity 1,588.59M
Operating cash flow 622.63M

Currency in USD

Valuation measures

Mar 2017

PER 17.96
ROA 25.29%
ROE 37.43%
Operating margin 14.75%
Profit margin 12.66%

Key executive

  • Chairman, Chief Executive Officer & MD: Pawan Kant Munjal
  • Chief Financial Officer: Niranjan Gupta
  • Chief Information Officer: Vijay Sethi
  • Chief Technology Officer: Markus Braunsperger
  • VP-Strategic Sourcing & Supply Chain Management: Neeraj Mathur

Share holders

  • Bahadur Chand Investments Pvt Ltd.(20.0%)
  • MUNJAL PAWAN KANT(14.0%)
  • Life Insurance Corp. of India(4.2%)
  • OppenheimerFunds, Inc.(3.4%)
  • Aberdeen Asset Management (Asia) Ltd.(2.5%)
  • Lazard Asset Management LLC(2.5%)
  • Templeton Global Advisors Ltd.(2.4%)
  • Aberdeen Asset Managers Ltd.(2.4%)
  • The Vanguard Group, Inc.(1.6%)
  • Norges Bank Investment Management(1.2%)

Address

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

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