NSE: HEROMOTOCO | BSE: 500182

Strong Performer, Getting Expensive

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5550.50 118.00 (2.17%)

High vol. this week

NSE 03 Oct, 2025 3:31 PM (IST)

111,047.7

Market Cap

Above industry Median

1.0

Beta 1Year

Average volatility

Rising Wholesales

Hero MotoCorp's monthly wholesales grow 7.9% YoY to 6.9 lakh units in September; exports up 95% YoY See details

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.

07 May 2021

5550.50

2.17%

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 28.76% in the last 3 Months

Hero MotoCorp Ltd.

07 May 2021

5550.50

2.17%

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.

09 Feb 2021

5550.50

2.17%

Hero Motocorp

Hero MotoCorp Ltd.

SMC online

Hero MotoCorp Posts Above Estimates Q3 Numbers The country's largest two-wheeler maker Hero MotoCorp has posted a 13.7% increase in its consolidated profit after tax at Rs 1,019.18 crore for the third quarter ended December 31, 2020. The company had reported a consolidated net profit of Rs 901.81 crore in the October-...

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

Hero MotoCorp Ltd.

08 Feb 2021

5550.50

2.17%

Hero MotoCorp: Q3FY21 Result Review

Sell: Hero MotoCorp Ltd.

Target

IDBI Capital

Hero MotoCorp (HMCL) Q3FY21 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 positive macro factors, vaccination program in place, more cities opening up are improving sentiments for good retail demand. 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 build our volume growth estimates for FY21/FY22/FY23 by -10%/+15%/+12% factoring the strong recovery in 2W...

Hero MotoCorp Ltd. has gained 47.88% in the last 6 Months

Hero MotoCorp Ltd.

08 Feb 2021

5550.50

2.17%

Result Update:Hero Motocorp

Buy: Hero MotoCorp Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock and have revised our TP to Rs 3,850 (from Rs. 3,450 earlier) valuing the stock at 17x its FY23E EPS.

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

06 Feb 2021

5550.50

2.17%

Hero MotoCorp

Buy: Hero MotoCorp Ltd.

Recommendation Target

ICICI Securities Limited

While the demand scenario is favourable, prevailing sharp increase in input costs are set to pressurise gross margins over the medium term in our view. While HMCL has undertaken price increases to pass on some escalations, we believe further hikes are likely to be gradual so as to not arrest ongoing demand recovery. The company's cost control programme LEAP 2 delivered ~100-125 bps savings in Q3FY21 and remains a powerful mitigation tool to offset some of the increases, however. We build in benefits of operating leverage over FY21E-23E as well as elevated raw material costs...

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

Hero MotoCorp Ltd.

06 Feb 2021

5550.50

2.17%

Q3FY21 Result Update - Focus on cost control gathers pace - Accumulate

Accumulate: Hero MotoCorp Ltd.

Target

Prabhudas Lilladhar

HMCL's Q3FY21 was operationally better with beat at EBITDA/PAT by ~10/13% respectively led by higher gross margins at 29.5% (PLe 28.7%) and lower other expenses at Rs9.5bn (PLe Rs9.9bn). Market share expansion continues with ~190bp gains in domestic markets and ~90bp gains in exports. While soft retails and RM pressures are near term headwinds, increased...

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

Hero MotoCorp Ltd.

05 Feb 2021

5550.50

2.17%

HERO MOTOCORP - Demand outlook remains robust, cost pressures to be managed well

Buy: Hero MotoCorp Ltd.

Target

LKP Securities

volumes, revenues, operating profits and realizations. Volumes grew by 9% yoy and 1.4% qoq to models and low base of last year when BS 6 was playing as a dampener. The demand in Q3 was strong on the back of festive period and pent up demand rising post lifting up of lockdown. Input...

Hero MotoCorp Ltd. has gained 28.76% in the last 3 Months

Hero MotoCorp Ltd.

05 Feb 2021

5550.50

2.17%

Hero MotoCorp (SELL): Optimism priced in maintain SELL

Sell: Hero MotoCorp Ltd.

Target

BOB Capital Markets Ltd.

Hero MotoCorp's (HMCL) Q3FY21 operating performance beat estimates due to above-expected gross margins.

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

Hero MotoCorp Ltd.

03 Jan 2021, 07:01PM

5550.50

2.17%

Hero Motocorp

Buy: Hero MotoCorp Ltd.

Sharekhan

Our interaction with Hero MotoCorp's (HMCL) management indicated that the structural growth traction in the two-wheeler (2W) industry remains intact. HMCL continues to benefit from premiumisation of its products, its stronghold in the economy and executive motorcycle segments, and aggressive products offerings in premium bike and scooters segments. HMCL is a market leader in the Indian 2W industry, commanding a ~38.5% share. The company commands ~65% market share in the combined economy and executive motorcycle segment, which together makes up 80% of the motorcycle market size in India. HMCL has strong penetration in semi-urban and rural areas, aided by its largest distribution network...

Hero MotoCorp Ltd. has gained 47.88% in the last 6 Months

Is Hero MotoCorp Ltd. worth buying?

708 Votes:

Buy 77.4%

Sell 13.84%

Hold 8.76%

RESEARCH REPORTS

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Buy SEE REPORTS >

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