{"id":132584,"date":"2022-08-05T11:22:10","date_gmt":"2022-08-05T15:22:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132584"},"modified":"2022-08-05T11:22:11","modified_gmt":"2022-08-05T15:22:11","slug":"hero-motocorp-research-report","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hero-motocorp-research-report\/","title":{"rendered":"Hero Motocorp Research Report"},"content":{"rendered":"\n

Stock Data<\/strong><\/p>\n\n\n\n

Ticker: HEROMOTOCO<\/p>\n\n\n\n

Exchange :NSE and BSE<\/p>\n\n\n\n

Industry: Automobile<\/p>\n\n\n\n

Price Performance<\/strong><\/p>\n\n\n\n

Last 7 days    -1.68%<\/p>\n\n\n\n

YTD                12.53%<\/p>\n\n\n\n

Last 12 months     -1.71%<\/p>\n\n\n\n

The stock has picked up from Apr\u201922 due to EV transition. On last Friday the shares jumped over 6% after the company announced a 4% hike in the vehicle price.<\/p>\n\n\n\n

The stock fell last year owing to supply chain disruptions, chip shortage and rising input prices. Hero Motocorp has given much less return compared to TVS Motor in last year. The stock has underperformed.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Events to watch out for:<\/u><\/strong><\/p>\n\n\n\n

First quarter results on Aug. 12, 2022<\/p>\n\n\n\n

Earnings conference call on Aug. 13, 2022<\/p>\n\n\n\n

Company Description<\/u><\/strong><\/p>\n\n\n\n

Motorcycle manufacturer Hero MotoCorp was founded in 1984. Hero Moto Corp was earlier known as \u201cHero Honda\u201d. The name was changed, as Honda entered in a partnership with Hero. Hero Honda Motors Ltd  received a fresh copy of Certificate of Incorporation and the name changed to Hero MotoCorp Limited on 29th July 2011.
The company has its headquarters in New Delhi, India. Hero Motocorp has taken rapid strides to expand its presence to 40 countries across Asia, Africa, and South & Central America.It holds 50% share in the domestic motorcycle market.The product range comprises of CDDeluxe,Pleasure,Splendor +,SplendorNXG,PassionPRO,PassionPlus,SuperSplendor.<\/p>\n\n\n\n

\u00a0Share holding Pattern in Percentage<\/u><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

As on July 2022, Hero MotoCorp reported sales of 445,580 units, up 19% Y-O-Y. It has exported 14,896 units in July 2022 as compared to 25,190 units shipped in the same month last year. The company aims to strengthen its footprint in the used two-wheeler segment. It has announced the facility of exchange of existing two-wheelers of any brand in the best resale value. Customers can avail this facility even from their smartphones.<\/p>\n\n\n\n

The company has partnered with Accenture to scale up and enhance its future-ready supply chain. Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp\u2019s cost optimization.<\/p>\n\n\n\n

New Launches
<\/u><\/strong>Hero MotoCorp has launched Euro-5 compliant versions in Turkey to further strengthen its commitment and operations in the Turkey market.<\/p>\n\n\n\n

The company has launched Splendor +XTEC. The model comes with five years of warranty and at a price of Rs 72,900. It has the following features like digital meter with bluetooth connectivity, call and SMS Alert, Real time mileage indicator, high intensity LED lamp and USB Chargers. It comes with i3S technology.<\/p>\n\n\n\n

Hero Motocorp also launched the Canvas Black Edition of the iconic Super Splendor. It comes with few new features like fuel efficiency, mileage of 60-68 kmpl, new Digi Analog Cluster, an Integrated USB Charger, Side-Stand Engine Cut-off, and a refreshed look.<\/p>\n\n\n\n

Peer Comparison<\/u><\/strong><\/p>\n\n\n\n

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\"\"<\/figure>\n\n\n\n

If we make a comparison between these three companies from an investor perspective, Bajaj auto is in a better positioned based on the P\/E ratio and Market Cap followed by Hero Motocorp and TVS Motors.<\/p>\n\n\n\n

The image of the company was greatly impacted due to the Income tax raid, which took place on 23-24 March. The income tax department has collected evidences that Hero MotoCorp has booked bogus purchases, made huge unaccounted cash expenditures of more than Rs 1,000 crore.\u00a0The department also found over Rs 100-crore cash transactions for a farmhouse in Chhattarpur, Delhi. The Central Board of Direct Taxes confirmed that HeroMotocorp has siphoned off money by way of layering. This impacted the share market,the share dropped over 6% to Rs 2,150.<\/p>\n\n\n\n

Our View- TheCompany has launched several new products in the market The company has concentrated on technological advancement in its new launches. It is expected that the sales momentum for the two wheeler industry will increase in the coming months in both the urban and rural sectors. Hero MotoCorp led the segment in sales with 4.6 lakhs units. It is also in a better position due to tie-ups with Ather Energy and other several brands on EV transition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Data Ticker: HEROMOTOCO Exchange :NSE and BSE Industry: Automobile Price Performance Last 7 days    -1.68% YTD                12.53% Last 12 months     -1.71% The stock has picked up from Apr\u201922 due to EV transition. On last Friday the shares jumped over 6% after the company announced a 4% hike in the vehicle price. The stock fell […]<\/p>\n","protected":false},"author":1796,"featured_media":58681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,6352,9908],"tags":[80,8575],"class_list":["post-132584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-research-summary","category-research-tear-sheet","tag-automobile","tag-motorcycle"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143596,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-expansion-of-companys-electric-vehicle-segment\/","url_meta":{"origin":132584,"position":0},"title":"Hero Motocorp: Expansion Of Company’s Electric Vehicle Segment","author":"Hardik Bhandare","date":"April 6, 2023","format":false,"excerpt":"\u201cWe have started recovering our market shares and expect this journey to continue backed by exciting launches lined up over next few quarters, especially in premium segment. This, coupled with our renewed focus on savings programme should also help in improving our margin profile going forward. We are excited about\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-2.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149106,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-ltd-driving-forward-with-innovation-and-success\/","url_meta":{"origin":132584,"position":1},"title":"Hero MotoCorp Ltd.: Driving Forward with Innovation and Success!","author":"Divyansh_Kasana","date":"July 13, 2023","format":false,"excerpt":"Stock Data: TickerNSE: HEROMOTOCOExchangeNSEIndustryAUTOMOBILES & AUTO COMPONENTS Price Performance: Last 5 Days-2.25%YTD+13.36%Last 12 Months+10.24%As on 13-07-2023 Company Description: Hero MotoCorp Ltd. is a leading two-wheeler manufacturing company headquartered in New Delhi, India. With a rich heritage spanning over three decades, Hero MotoCorp has emerged as the world's largest two-wheeler manufacturer.\u2026","rel":"","context":"In "Research Summary"","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/f6ceac66-f2a3-45a2-ae80-d4455cad9356-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":123857,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-ltd-heromotoco-q4-fy21-earnings-concall\/","url_meta":{"origin":132584,"position":2},"title":"Hero Motocorp Ltd (HEROMOTOCO) Q4 FY21 Earnings Concall","author":"Sahil_Anand","date":"May 7, 2021","format":false,"excerpt":"Hero Motocorp Ltd (NSE:HEROMOTOCO) Q4 FY21 Earnings Concall dated May 07, 2021","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Hero-Motocorp-Ltd-Q4-FY21-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140424,"url":"https:\/\/alphastreet.com\/india\/hero-motocrop-limited-q3-fy23-consolidated-pat-increased-to-%e2%82%b9721-crore\/","url_meta":{"origin":132584,"position":3},"title":"Hero Motocrop Limited Q3 FY23; Consolidated PAT Increased To \u20b9721 Crore","author":"Hardik Bhandare","date":"February 7, 2023","format":false,"excerpt":"Hero Motocrop Limited (NSE: HEROMOTOCO) reported Revenue from Operations for Q3 FY23 of \u20b98,118.33 Crore up 1.3% year on year. The Consolidated Net Profit of \u20b9721.24 Crore, up 2.4% from \u20b9704.24 Crore in the same quarter of the previous year. The Earnings per Share is \u20b936.29 for this quarter.","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/00d70d2e-f241-490c-9368-cc21b97d8604-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145046,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-limited-q4-fy23-net-profit-increased-up-to-%e2%82%b9811-crore\/","url_meta":{"origin":132584,"position":4},"title":"Hero Motocorp Limited Q4 FY23; Net Profit Increased Up To \u20b9811 Crore","author":"Hardik Bhandare","date":"May 4, 2023","format":false,"excerpt":"Hero Motocorp Limited reported Total Income for Q4 FY23 of \u20b98,671.82 Crore up from \u20b97,627.99 Crore year on year, a growth of 13.7%. 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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. 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