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Hero MotoCorp Business Overview
Hero Motor 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
Hero MotoCorp Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|
| Revenue | 29,551 | 34,158 | 37,789 |
| Expense | 26,295 | 30,060 | 32,554 |
| OPM (%) | 11% | 12% | 14% |
| Net income | 2,329 | 2,800 | 3,742 |
| EPS | 115.95 | 140.61 | 187.31 |
Hero MotoCorp Financial Ratios
| PE Ratio | ROCE | ROE | PEG Ratio |
| 29.6 | 29.1 % | 22.0 % | 12.4 |
| Book Value | ROA | Debt to equity | Piotroski score |
| ₹ 885 | 15.1 % | 0.03 | 7.00 |
Hero MotoCorp Peer comparison
| PE ratio | ROCE % | OPM % | |
|---|---|---|---|
| Hero MotoCorp | 29.59 | 29.09 | 13.97 |
| TVS Motor | 78.09 | 14.68 | 14.18 |
| Eicher Motors | 32.51 | 31.14 | 26.39 |
| Ola Electric | – | -32.13 | -25.27 |
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