5429.5000 21.50 (0.40%)
NSE Sep 22, 2025 15:31 PM
Volume: 672.4K
 

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Hero MotoCorp Ltd.
14 Feb 2022
5429.50
0.40%
Prabhudas Lilladhar
Hero's 3QFY22 EBITDA margin at 12.2% surprised positively and came ahead of our estimates (of 11.8%). This was led by premiumization, multiple price hikes over the year, focus on cost savings program and higher spares revenue (15% of sales vs 10% YoY). Management expects 2W industry to rebound in FY23 as colleges and other industries open-up, fear of COVID resides and expectation of good Rabi crop & commodity cost eases out. For EV business, the company will leverage its existing strengths (logistics, manufacturing etc.) and e-scooter will be launched in Mar-22....
Axis Direct increased Buy price target of Hero MotoCorp Ltd. to 5960.0 on 05 Sep, 2025.
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