Whalesbook
హీరో మోటోకార్ప్ షేర్లు సెప్టెంబర్ 2024 తర్వాత తొలిసారిగా రూ. 6,000 మార్క్ను దాటి, 2.5% కంటే ఎక్కువగా పెరిగాయి. దేశీయ మార్కెట్ వాటా స్థిరీకరణ, ఎలక్ట్రిక్ వాహనాల ఆదరణ మెరుగుపడటం, స్థిరమైన మార్జిన్లు, మరియు సానుకూల ఆదాయ దృక్పథాన్ని ఉటంకిస్తూ మెక్వారీ, జే.పీ. మోర్గాన్ ఇచ్చిన అప్గ్రేడ్ల నేపథ్యంలో ఈ ర్యాలీ చోటుచేసుకుంది. మెక్వారీ తన ధర లక్ష్యాన్ని రూ. 6,793గా, జే.పీ. మోర్గాన్ రూ. 6,850గా నిర్ణయించాయి. కంపెనీ Q2 EBITDA మార్జిన్ 15%కి మెరుగుపడింది.
Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers.The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles.In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp.[1][2]
Products & BrandsPremium Segment: Karizma XMR, H-D X440, MAVRICK 440. It has 7 models in 2024. It has Sports, Adventure, Roadster bikes.[1]. The Premium segment contributed ~25% to the revenue mix Q3FY24.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bajaj Auto | 8892.00 | 29.80 | 248198.39 | 2.36 | 2122.03 | 53.17 | 15734.74 | 18.78 | 28.06 | 54683.29 | 19.62 | 8329.97 | 2122.03 | 7.27 | 15.63 | 0.58 |
| 2. | Eicher Motors | 7134.50 | 38.32 | 195733.13 | 0.98 | 1369.45 | 24.46 | 6171.59 | 44.77 | 29.81 | 21427.66 | 24.14 | 5107.32 | 1369.45 | 8.86 | 18.85 | 0.02 |
| 3. | TVS Motor Co. | 3441.90 | 62.77 | 163548.38 | 0.29 | 832.76 | 41.93 | 14051.22 | 24.33 | 15.35 | 48838.15 | 15.25 | 2605.48 | 795.48 | 20.15 | 5.15 | 2.08 |
| 4. | Hero Motocorp | 6002.50 | 25.01 | 120081.97 | 2.75 | 1392.83 | 15.73 | 12126.37 | 15.90 | 31.46 | 41854.66 | 14.57 | 4802.31 | 1392.83 | 5.71 | 16.80 | 0.01 |
| 5. | Ather Energy | 695.90 | – | 26407.13 | 0.00 | -154.10 | 21.86 | 898.90 | 54.05 | -65.71 | 2854.50 | -20.32 | -764.50 | -154.10 | 9.73 | -40.47 | 0.16 |
| 6. | Ola Electric | 41.86 | – | 18476.97 | 0.00 | -418.00 | 15.56 | 690.00 | -43.16 | -28.09 | 3174.00 | -50.25 | -2280.00 | -418.00 | 4.25 | -23.94 | 0.72 |
| 7. | Zelio E-Mobility | 438.65 | 44.65 | 927.74 | 0.00 | 11.82 | 67.66 | 133.32 | 77.10 | 51.78 | 171.97 | 12.25 | 16.01 | 11.82 | – | 33.76 | 0.70 |
| – | Median: 10 Co. | 567.27 | 29.8 | 22442.05 | 0.3 | 10.16 | 33.2 | 794.45 | 34.55 | 17.64 | 3014.25 | 13.41 | 15.5 | 10.16 | 6.06 | 6.96 | 0.64 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 9,075 | 8,031 | 8,307 | 8,767 | 9,445 | 9,724 | 9,519 | 10,144 | 10,463 | 10,211 | 9,939 | 9,579 | 12,126 |
Expenses | 8,037 | 7,107 | 7,224 | 7,561 | 8,117 | 8,362 | 8,160 | 8,684 | 8,947 | 8,734 | 8,523 | 8,197 | 10,303 |
Operating Profit | 1,038 | 924 | 1,083 | 1,206 | 1,328 | 1,362 | 1,359 | 1,460 | 1,516 | 1,476 | 1,416 | 1,382 | 1,823 |
Other Income | 92 | 183 | 237 | 62 | 248 | 242 | 180 | 232 | 283 | 318 | 224 | 304 | 233 |
Profit before tax | 964 | 940 | 1,147 | 1,095 | 1,397 | 1,417 | 1,350 | 1,493 | 1,600 | 1,592 | 1,442 | 1,487 | 1,854 |
Tax % | 26% | 24% | 25% | 25% | 25% | 24% | 25% | 25% | 25% | 24% | 25% | 24% | 25% |
Net Profit | 716 | 711 | 859 | 825 | 1,054 | 1,073 | 1,016 | 1,123 | 1,204 | 1,203 | 1,081 | 1,126 | 1,393 |
EPS in Rs | 35.84 | 35.58 | 42.98 | 41.27 | 52.73 | 53.70 | 50.82 | 56.15 | 60.18 | 60.14 | 54.04 | 56.28 | 69.62 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 25,275 | 27,585 | 28,443 | 28,500 | 32,230 | 33,651 | 28,836 | 30,801 | 29,245 | 33,806 | 37,456 | 40,756 | 41,855 |
Expenses | 21,721 | 24,020 | 23,962 | 23,857 | 26,941 | 28,714 | 24,869 | 26,777 | 25,866 | 29,815 | 32,194 | 34,885 | 35,757 |
Operating Profit | 3,554 | 3,565 | 4,481 | 4,644 | 5,289 | 4,937 | 3,967 | 4,024 | 3,379 | 3,991 | 5,261 | 5,872 | 6,097 |
Other Income | 432 | 315 | 396 | 513 | 517 | 685 | 1,447 | 575 | 547 | 560 | 727 | 1,052 | 1,078 |
Interest | 12 | 11 | 5 | 6 | 6 | 9 | 22 | 22 | 26 | 20 | 18 | 20 | 21 |
Depreciation | 1,107 | 540 | 438 | 493 | 556 | 602 | 818 | 677 | 650 | 657 | 711 | 776 | 779 |
Profit before tax | 2,867 | 3,329 | 4,435 | 4,658 | 5,244 | 5,011 | 4,574 | 3,900 | 3,250 | 3,875 | 5,258 | 6,128 | 6,375 |
Net Profit | 2,109 | 2,386 | 3,160 | 3,377 | 3,697 | 3,385 | 3,633 | 2,964 | 2,473 | 2,911 | 3,968 | 4,610 | 4,802 |
EPS in Rs | 105.62 | 119.47 | 158.25 | 169.11 | 185.14 | 169.47 | 181.90 | 148.37 | 123.77 | 145.65 | 198.48 | 230.49 | 240.08 |
Dividend Payout % | 62% | 50% | 46% | 50% | 51% | 51% | 49% | 71% | 77% | 69% | 71% | 72% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Reserves | 5,560 | 6,501 | 8,794 | 10,071 | 11,729 | 12,817 | 14,096 | 15,158 | 15,743 | 16,665 | 17,946 | 19,767 | 20,990 |
Borrowings | 284 | 0 | 0 | 0 | 0 | 0 | 150 | 150 | 168 | 156 | 138 | 163 | 185 |
Other Liabilities | 4,213 | 3,980 | 3,738 | 4,583 | 4,970 | 4,784 | 4,463 | 6,813 | 5,763 | 6,402 | 7,448 | 7,950 | 10,306 |
Total Liabilities | 10,097 | 10,522 | 12,573 | 14,694 | 16,739 | 17,641 | 18,749 | 22,161 | 21,714 | 23,263 | 25,572 | 27,920 | 31,522 |
Fixed Assets | 2,243 | 2,913 | 3,584 | 4,396 | 4,655 | 4,619 | 6,117 | 5,988 | 5,806 | 5,761 | 5,834 | 5,901 | 6,239 |
Gross Block | 6,909 | 8,114 | 9,126 | 10,377 | 11,134 | 11,628 | 13,865 | 14,324 | 14,666 | 15,194 | 15,786 | 16,538 | – |
Accumulated Depreciation | 4,666 | 5,201 | 5,542 | 5,982 | 6,480 | 7,010 | 7,748 | 8,336 | 8,859 | 9,433 | 9,952 | 10,637 | – |
CWIP | 854 | 713 | 605 | 465 | 318 | 542 | 341 | 437 | 458 | 464 | 481 | 492 | 188 |
Investments | 4,089 | 3,154 | 4,581 | 5,890 | 7,525 | 5,969 | 8,223 | 10,500 | 10,652 | 11,010 | 13,086 | 14,910 | 17,340 |
Other Assets | 2,911 | 3,742 | 3,802 | 3,944 | 4,241 | 6,512 | 4,068 | 5,236 | 4,797 | 6,028 | 6,171 | 6,617 | 7,754 |
Total Assets | 10,097 | 10,522 | 12,573 | 14,694 | 16,739 | 17,641 | 18,749 | 22,161 | 21,714 | 23,263 | 25,572 | 27,920 | 31,522 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 2,963 | 2,250 | 3,849 | 4,028 | 3,981 | 979 | 5,410 | 4,173 | 2,020 | 2,579 | 4,907 | 4,182 |
Cash from Investing Activity | -1,617 | 12 | -2,206 | -1,944 | -1,915 | 1,321 | -2,883 | -2,210 | -152 | -469 | -1,802 | -1,586 |
Cash from Financing Activity | -1,415 | -2,231 | -1,687 | -2,096 | -2,047 | -2,294 | -2,420 | -1,941 | -1,939 | -2,041 | -2,733 | -2,847 |
Net Cash Flow | -69 | 32 | -44 | -12 | 19 | 6 | 107 | 21 | -71 | 70 | 372 | -251 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 13 | 18 | 16 | 20 | 17 | 31 | 20 | 29 | 29 | 30 | 26 | 33 |
Inventory Days | 13 | 15 | 13 | 13 | 14 | 17 | 20 | 25 | 20 | 22 | 21 | 20 |
Days Payable | 46 | 50 | 50 | 62 | 55 | 53 | 56 | 87 | 75 | 72 | 79 | 75 |
Cash Conversion Cycle | -19 | -16 | -21 | -30 | -24 | -5 | -16 | -34 | -26 | -20 | -32 | -22 |
Working Capital Days | -33 | -14 | -12 | -17 | -14 | 7 | -8 | -19 | -12 | -6 | -16 | -9 |
ROCE % | 45% | 51% | 55% | 48% | 46% | 40% | 28% | 25% | 20% | 23% | 30% | 31% |
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