Hero MotoCorp Overview and Business Insights

Hero MotoCorp is India's largest two-wheeler manufacturer, with a rich history dating back to 1984. The company was founded by Brijmohan Lall Munjal and has since become a household name in India.

Hero MotoCorp is a publicly traded company, listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its headquarters is located in New Delhi, India.

The company has a strong global presence, with a presence in over 30 countries worldwide. Hero MotoCorp has a diverse portfolio of products, including motorcycles, scooters, and mopeds.

Hero MotoCorp has a robust distribution network, with over 7,000 dealerships across the globe.

Hero MotoCorp has shown consistent financial growth over the years, with a strong upward trajectory in net sales, operating income, and profit after tax.

The company's net sales have increased from ₹29,551.28 Cr in March 2022 to ₹40,923.42 Cr in March 2025, reflecting a 38.6% growth. This significant increase in sales has contributed to the company's overall financial growth.

Hero MotoCorp's profit after tax reached ₹4,536.93 Cr in March 2025, up from ₹2,528.10 Cr in March 2022, indicating a 79.5% growth. This impressive growth in profit after tax is a testament to the company's resilience in a competitive market.

Here are the company's financial growth rates over the past 10 years:

This steady growth in financial metrics has contributed to the company's overall financial health and stability.

Hero MotoCorp has demonstrated a consistent growth trend in its financial performance over the years. The company's net sales have increased significantly, rising from ₹29,551.28 Cr in March 2022 to ₹40,923.42 Cr in March 2025.

One notable aspect of Hero MotoCorp's financial performance is its growing asset base. The company's total assets have expanded from ₹22,478.39 Cr in March 2022 to ₹28,390.32 Cr in March 2025, indicating a solid expansion in its asset base.

Hero MotoCorp's profit after tax has also shown a substantial increase, rising from ₹2,528.10 Cr in March 2022 to ₹4,536.93 Cr in March 2025. This growth in profit after tax is a significant indicator of the company's financial health.

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The company's operating profit (PBDIT) has also seen significant growth, climbing from ₹3,999.78 Cr in March 2022 to ₹6,989.92 Cr in March 2025. This increase in operating profit is a result of the company's efforts to optimize its operations and improve efficiency.

Here's a breakdown of Hero MotoCorp's financial performance over the years:

The next results date is a crucial piece of information for investors and stakeholders. The next results date for Hero MotoCorp is 06 August 2025.

For those keeping track of the company's financial performance, it's essential to mark this date on your calendar. The next results date for Hero MotoCorp is scheduled for 06 August 2025.

Having this information ahead of time allows you to prepare and analyze the company's financials.

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Hero MotoCorp is fairly valued as of August 25, 2025, with a PE ratio of 20.11.

The company's strong ROCE of 40.13% makes it attractive compared to its peers like Bajaj Auto and Eicher Motors.

Its PE ratio is significantly lower than that of Bajaj Auto at 32.2 and Eicher Motors at 34.02, both of which are considered expensive.

The company's return on capital employed (ROCE) stands at a robust 40.13%, further supporting its valuation.

Hero MotoCorp's valuation grade has moved from very attractive to attractive, indicating a shift in market perception.

The company is currently fairly valued based on its financial metrics, with a PE ratio of 20.11, an EV to EBITDA of 16.07, and a PEG ratio of 0.86.

A PEG ratio of 0.86 suggests that the stock is reasonably priced relative to its earnings growth potential.

Hero MotoCorp has underperformed the Sensex over the past year with a return of -6.02%, but has outperformed the index in the year-to-date period with a return of 21.66%.

This outperformance in the year-to-date period reinforces its attractiveness in the current market environment.

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Hero MotoCorp has a diverse shareholder base, with various categories of investors holding different percentages of the company's shares.

The promoters, led by the Munjal Family, hold around 34.6% of the shares as of March 2020. This is a significant stake, but it's worth noting that this percentage has decreased from around 40% in 2013.

Foreign institutional investors (FIIs) are another major shareholder group, holding approximately 34.3% of the shares. This is a substantial stake, reflecting the confidence of international investors in the company's prospects.

Individual investors, including NRIs, hold a relatively small percentage of the shares, around 8.3%. This is a smaller stake compared to the promoters and FIIs, but it still represents a significant number of individual shareholders.

Here's a breakdown of the top shareholders of Hero MotoCorp as of September 2023:

Hero MotoCorp's stock has shown resilience in the face of market volatility, with a high dividend yield of 3.11% reflecting the company's commitment to returning value to shareholders.

The company's market capitalization stands at Rs 1,06,500.12 crore, placing it within the mid-cap segment of the automobile industry. Its price-to-earnings ratio is 21.07, which is lower than the industry average, indicating a potentially favorable valuation relative to its peers.

Hero MotoCorp's management team is led by Pawan Munjal, the Chairman, and includes 10 other key members who guide the company's strategic direction.

Pawan Munjal, the Chairman, is supported by a team of 10 other directors, including Vikram S Kasbekar, who is a Whole-time Director.

Hero MotoCorp's peers include Maruti Suzuki, M & M, Tata Motors, Bajaj Auto, Hyundai Motor I, Ashok Leyland, Escorts Kubota, Ola Electric, BEML Ltd, and Force Motors.

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Hero MotoCorp has five manufacturing facilities across India, including a new greenfield facility being set up in Chittoor, Andhra Pradesh, which spans over 600 acres and has cost the company 1600 crores to establish.

The company's manufacturing facilities have a combined production capacity of over 7.6 million two-wheelers per year. Hero MotoCorp has a significant sales and service network with over 6,000 dealerships and service points across India.

Hero MotoCorp has a customer loyalty program, known as the Hero GoodLife Program, which is a testament to the company's commitment to customer satisfaction. The program has been in place since 2000.

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As of 31 March 2020, the company's annual capacity stands at 9.1 million units in its eight manufacturing facilities. This is a remarkable achievement, especially considering the company's expansion plans.

The company has two R&D facilities, one in Germany and the other in Jaipur, which play a crucial role in the development of new products and technologies.

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As a team leader, managing your peers is crucial to achieving your goals.

The Hero HF Series is a great example of how a well-managed team can excel.

Hero HF Series is known for its reliability and performance, just like a well-managed team that consistently delivers results.

Hero HF Series has multiple models to choose from, just like how a team leader needs to tailor their management style to suit each team member's strengths and weaknesses.

The Hero Karizma Series is another example of a successful team, with a strong focus on innovation and creativity.

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Hero Karizma Series has a unique design that sets it apart from the rest, just like how a team leader who encourages experimentation and out-of-the-box thinking can foster a culture of innovation.

Hero Karizma Series has a loyal following, just like how a well-managed team can build strong relationships with their colleagues and stakeholders.

Hero Maestro Series is a great example of a team that prioritizes quality and attention to detail.

Hero Maestro Series is known for its sleek design and advanced features, just like how a team leader who emphasizes quality and precision can achieve outstanding results.

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The management team at Hero MotoCorp is led by Pawan Munjal, who serves as the Chairman and Whole-time Director.

Pawan Munjal is joined by 10 other key members who guide the company's strategic direction.

One of these members is Vikram S Kasbekar, who also holds the position of Whole-time Director.

The management team includes a mix of independent and non-independent directors, totaling 11 key members.

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The team is led by Pawan Munjal, who has a crucial role in steering the company towards its strategic goals.

Other notable members of the management team include Pradeep Dinodia, Suman Kant Munjal, and Jagmohan Singh Raju.

The team also includes several independent directors, including Tina Trikha, B.S. Dhanoa, Rajnish Kumar, and Camille Miki Tang.

Dhiraj Kapoor serves as the Company Secretary & Compliance Officer.

Vasudha Dinodia is also a member of the management team, along with Suman Kant Munjal and Pradeep Dinodia.

Hero MotoCorp has a number of peers in the industry, including Maruti Suzuki, M & M, Tata Motors, Bajaj Auto, Hyundai Motor I, Ashok Leyland, Escorts Kubota, Ola Electric, BEML Ltd, and Force Motors.

M & M is the peer with the highest 1-year return at 15.74%, while Tata Motors has the lowest at -25.62%.

Hero MotoCorp's peers have varying levels of management risk, with Excellent management risk observed at Bajaj Auto and Hyundai Motor I, and Good management risk found at Maruti Suzuki, M & M, Tata Motors, Ashok Leyland, and Escorts Kubota.

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Maruti Suzuki, Bajaj Auto, Hyundai Motor I, and Escorts Kubota have Excellent capital structure, while M & M and Ashok Leyland have Below Average capital structure.

Hero MotoCorp's 1-year return of -17.89% is worse than M & M's but better than Tata Motors', and the peers with negative six-month returns include Tata Motors, Bajaj Auto, Hyundai Motor I, and Ola Electric.

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Hero MotoCorp has been quite active in sponsoring various events and sports. They have been the sponsor of the Caribbean Premier League since 2018.

Hero also sponsors golf tournaments, including the Hero World Challenge since 2014 and two British events on the Golf European Tour: the Hero Open and the Betfred British Masters.

Hero is also a partner of Spanish club Atlético Madrid and the title sponsors of the first ever senior FIH World Hockey5s in 2022.

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Hero Honda Motors has received numerous accolades for its outstanding performance and commitment to quality. They were ranked No. 108 in the 2006 Forbes list of the 200 World's Most Respected Companies.

The Brand Trust Report published by Trust Research Advisory has consistently recognized Hero Honda as a trusted brand in India, ranking them 7th among the most trusted brands in the country.

Here are some of the notable awards and recognition Hero Honda has received:

Hero has been a major player in sports sponsorship since 2014, backing the Hero World Challenge golf tournament.

The company has also been the title sponsor of the Hero Open, a British golf event on the European Tour, since 2018.

Hero's commitment to sports extends to cricket, having sponsored the Caribbean Premier League since 2018.

Hero has also partnered with Spanish club Atlético Madrid.

In 2022, Hero was the title sponsor of the first-ever senior FIH World Hockey 5s.

Hero has a long history of supporting various sports events, showcasing its dedication to the world of sports.

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