AgenciesRelated
Centrum Broking has buy call on Hero MotoCorp with a target price of Rs 3690. The current market price of Hero MotoCorp Ltd. is Rs 2297.25. Time period given by analyst is one year when Hero MotoCorp Ltd. price can reach defined target.
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 45913.24 Crore) operating in Auto sector.
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Other Operating Revenue, Sale of services and Duty Drawback for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 8133.30 Crore, down -6.48 % from last quarter Total Income of Rs 8696.80 Crore and down -18.93 % from last year same quarter Total Income of Rs 10032.61 Crore. Company reported net profit after tax of Rs 684.49 Crore in latest quarter.
Investment Rationale
Volumes declined 24%/8% YoY/QoQ on weaker demand. The brokerage expects 6% QoQ ASP growth, driven by favorable mix and price increases. Export volume was up 16% in the quarter. It expects revenue/PAT to decline 11%/16% QoQ. EBITDA margin is expected to improve by 70bp QoQ to 12.9% on better mix.
Promoter/FII Holdings
Promoters held 34.75 per cent stake in the company as of 31-Dec-2021, while FIIs owned 43.05 per cent, DIIs 10.22 per cent.
Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 45913.24 Crore) operating in Auto sector.
Hero MotoCorp Ltd. key Products/Revenue Segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Other Operating Revenue, Sale of services and Duty Drawback for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 8133.30 Crore, down -6.48 % from last quarter Total Income of Rs 8696.80 Crore and down -18.93 % from last year same quarter Total Income of Rs 10032.61 Crore. Company reported net profit after tax of Rs 684.49 Crore in latest quarter.
Investment Rationale
Volumes declined 24%/8% YoY/QoQ on weaker demand. The brokerage expects 6% QoQ ASP growth, driven by favorable mix and price increases. Export volume was up 16% in the quarter. It expects revenue/PAT to decline 11%/16% QoQ. EBITDA margin is expected to improve by 70bp QoQ to 12.9% on better mix.
Promoter/FII Holdings
Promoters held 34.75 per cent stake in the company as of 31-Dec-2021, while FIIs owned 43.05 per cent, DIIs 10.22 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by