NSE: HEROMOTOCO | BSE: 500182

Strong Performer, Getting Expensive

Download real time

5316.00 27.50 (0.52%)

58.97% Gain from 52W Low

970.4K NSE+BSE Volume

NSE 16 Sep, 2025 3:31 PM (IST)

106,356.1

Market Cap

Below industry Median

1.1

Beta 1Year

High Volatility

Hero MotoCorp Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HEROMOTOCO, BSE:500182 Hero MotoCorp Ltd.

Hero MotoCorp Ltd.

01 Jul 2021

5316.00

0.52%

Ashika - Stock Picks - Hero Motocorp Ltd. - July 2021

Buy: Hero MotoCorp Ltd.

Target

Ashika Research

The season has begun well, with rainfall since June 1 to June 26 being 20% above normal. The India Meteorological Department (IMD) and private forecaster Skymet have forecast normal rainfall this year, which bodes well for the rural economy. Demand for consumer goods, two wheelers...

Hero MotoCorp Ltd. has gained 50.63% in the last 6 Months

Hero MotoCorp Ltd.

28 Jun 2021

5316.00

0.52%

Pick of the Week:28 JUN 2021

Buy: Hero MotoCorp Ltd.

Axis Direct

We recommend a BUY with TP of Rs. 3,300/share.

Hero MotoCorp Ltd. has an average target of 5396.12 from 8 brokers.

Hero MotoCorp Ltd.

11 May 2021

5316.00

0.52%

HERO MOTOCORP LIMITED

Buy: Hero MotoCorp Ltd.

Target

Geojit BNP Paribas

Hero MotoCorp is India's leading two-wheeler manufacturer in terms of unit volume sales in a calendar year. It holds nearly 50% of the market share in the Indian motorcycle market. The company has 7 manufacturing facilities,...

Hero MotoCorp Ltd. has gained 50.63% in the last 6 Months

Hero MotoCorp Ltd.

11 May 2021

5316.00

0.52%

Hero MotoCorp Limited

Hero MotoCorp Ltd.

SMC online

The company sold 15.68 lakh units of motorcycles & scooters in Q4 FY21 as against 13.23 lakh units sold in Q4 FY20, registering a growth of 18.5% on a YoY basis. The company, however, recorded 19.8% drop in consolidated net profit to Rs 2917.75 crore on...

Hero MotoCorp Ltd. has gained 22.66% in the last 3 Months

Hero MotoCorp Ltd.

10 May 2021

5316.00

0.52%

Result Update:Hero Motocorp

Buy: Hero MotoCorp Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock and have revised our TP downwards on account of near term headwinds to Rs 3,300/share (from Rs 3,850/share earlier) valuing the stock at 16x (17x earlier) its FY23E EPS.

Hero MotoCorp Ltd. has gained 22.66% in the last 3 Months

Hero MotoCorp Ltd.

09 May 2021

5316.00

0.52%

Hero MotoCorp: Q4FY21 Result Review

Accumulate: Hero MotoCorp Ltd.

Recommendation Target

IDBI Capital

Hero MotoCorp (HMCL) Q4FY21 result was above our and consensus estimates on all parameters. Revenue was higher than our and consensus estimates mainly on account of higher realization, favorable product mix and higher spare part revenue. We believe recent lockdowns announced by different states would impact wholesale demand in H1FY22 however government focus on vaccination program and unlocking 2.0 would help industry/ company to report strong numbers in H2FY22. We expect domestic 2W industry to see a double growth for FY22 on a low base. We do not expect any significant improvement in export sales for HMCL and wait for turnaround. We cut our...

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

07 May 2021

5316.00

0.52%

Hero MotoCorp

Buy: Hero MotoCorp Ltd.

Target

ICICI Securities Limited

Hero MotoCorp (HMCL) reported a robust Q4FY21 performance. Total 2-W sales volume was at 15.68 lakh units, up 18% YoY, down 15% QoQ. Consequent net sales in Q4FY21 came in at | 8,686 crore, up 39.2% YoY but down 11.1% QoQ with blended ASPs at ~| 55,395/unit (up 4.6% QoQ). EBITDA margins were down 50 bps QoQ at 13.9%, with gross margins expanding 10 bps QoQ despite a spike in input costs over the past few months. PAT came in at | 865 crore, up 39.3% YoY. HMCL declared a final dividend of | 25/share for FY21 along with a special dividend of | 10/share....

Hero MotoCorp Ltd. has an average target of 5396.12 from 8 brokers.

Hero MotoCorp Ltd.

07 May 2021

5316.00

0.52%

Hero MotoCorp (REDUCE): Near-term headwinds; REDUCE

Sell: Hero MotoCorp Ltd.

BOB Capital Markets Ltd.

Hero MotoCorp's (HMCL) Q4FY21 operating performance was marginally ahead of our estimates due to an above-expected gross margin.

Hero MotoCorp Ltd. has gained 50.63% in the last 6 Months

Hero MotoCorp Ltd.

07 May 2021

5316.00

0.52%

Q4FY21 Result Update - Cost savings, price hikes to offset RM pressure - Accumulate

Accumulate: Hero MotoCorp Ltd.

Target

Prabhudas Lilladhar

HMCL's Q4FY21 results beat our estimates as EBITDA/Adj. PAT were better by 6-12%. This was led by higher gross margins at 29.6% (PLe 28.9%) and lower other expenses at Rs8.7b (PLe Rs9.1b). We believe headwinds such as weak demand sentiments and RM would get mitigated by HMCL's increased focus on cost control (expect LEAP 2 savings of 200bp in FY21 to continue in FY22) and price hikes. We tweak FY22/23 EPS by +3%/-2% to factor in for...

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

07 May 2021

5316.00

0.52%

HERO MOTOCORP - Strong profitability to continue

Buy: Hero MotoCorp Ltd.

Target

LKP Securities

Hero reported strong set of numbers in Q4. Volumes grew by 18.5% yoy while fell by 15% qoq to 1.57 mn units, while topline grew by 39.2% yoy to 86.86 bn as realizations witnessed a fantastic expansion of 12% yoy mainly on price hikes taken in Q4, model mix tilting towards big ticket models and low base of last year when BS 6 was playing as a dampener. The demand in Q4 remained strong even after the best quarter of Q3. Input costs to sales remained flattish sequentially at 70.4% despite commodity prices moving up by 5%. This was a big surprise for the street as other auto players were unable to arrest this surge. Due to this impact, EBITDA margins surged to 13.9%, while rising from 10.6% yoy and slightly falling qoq. The company managed the...

Hero MotoCorp Ltd. has an average target of 5396.12 from 8 brokers.

Is Hero MotoCorp Ltd. worth buying?

706 Votes:

Buy 77.48%

Sell 13.88%

Hold 8.64%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf