NSE: HEROMOTOCO | BSE: 500182

Strong Performer, Getting Expensive

Download real time

5571.50 12.50 (0.22%)

New 52W High in past week

398.7K NSE+BSE Volume

NSE 14 Oct, 2025 3:31 PM (IST)

111,467.8

Market Cap

Above industry Median

1.0

Beta 1Year

Average 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.

16 Dec 2020

5571.50

0.22%

Hero MotoCorp

Hold: Hero MotoCorp Ltd.

Recommendation Target

ICICI Securities Limited

Domestic auto industry volumes have been on a steady mend in the months post lifting of lockdown restrictions. Manufacturing and distribution activities have been getting ramped up gradually since June 2020, in step with the rest of the economy. However, the impact of the pandemic on the supply chain continues to inhibit a complete return to production normalcy. Nevertheless, most automotive industry segments have reported successive improvement in offtake throughout June-November 2020 (Exhibit 1) on the back of (i) initial bounce provided by pent-up aspect,...

Hero MotoCorp Ltd. has gained 31.04% in the last 3 Months

Hero MotoCorp Ltd.

01 Dec 2020

5571.50

0.22%

Pick Of The Week - Hero MotoCorp Ltd

Buy: Hero MotoCorp Ltd.

Edelweiss

Hero MotoCorp is the world's largest 2-wheeler company.

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

03 Nov 2020

5571.50

0.22%

Hero Motocorp

Hero MotoCorp Ltd.

SMC online

Current tax expense jumped 18.7% year-on-year to Rs 255.27 crore in Q2 September 2020. Volumes grew 7.7% to 18.22 lakh units sold in Q2 FY21 over Q2 FY20. EBITDA jumped 16.80% to Rs 1286 crore in Q2 September 2020 as against Rs 1101 crore in Q2 September 2019....

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

Hero MotoCorp Ltd.

03 Nov 2020

5571.50

0.22%

HERO MOTOCORP LIMITED

Buy: Hero MotoCorp Ltd.

Recommendation Target

Geojit BNP Paribas

Hero records highest ever sales, PAT soars Hero MotoCorp (HMCL) 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 eight...

Hero MotoCorp Ltd. has gained 51.98% in the last 6 Months

Hero MotoCorp Ltd.

30 Oct 2020

5571.50

0.22%

Hero MotoCorp: Q2FY21 Result Review

Sell: Hero MotoCorp Ltd.

Target

IDBI Capital

Hero MotoCorp (HMCL) Q2FY21 result was above our and consensus estimates on all parameters. Revenue was higher than our and consensus estimates mainly on account of higher realisation while EBITDA margin for the quarter stood at 13.7% vs our and consensus estimates of 13.2%/ 13.7% respectively mainly on account of lower operating expenses. Our channel check indicates that first 10 days of festive season for retail sales was not as good as wholesale sales. We expect inventory levels at dealer's end to remain high by end of the festive season. We believe urban pocket to remain under pressure due to pandemic outbreak, negative sentiment and higher...

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

30 Oct 2020

5571.50

0.22%

Result Update:Hero Motocorp

Buy: Hero MotoCorp Ltd.

Axis Direct

HMCL is in a sweet spot as strong rural-led recovery plays to its strength in the EconomyExecutive category in the Motorcycles segment. We maintain our BUY rating and TP of Rs. 3,450 and continue to value the stock at 16x its FY23E EPS.

Number of FII/FPI investors increased from 1011 to 1033 in Sep 2025 qtr.

Hero MotoCorp Ltd.

29 Oct 2020

5571.50

0.22%

Hero Motocorp

Buy: Hero MotoCorp Ltd.

Target

Sharekhan

Hero Q2FY2021 results were in line with street expectations. Net sales and EBIDTA grew 24% and 17% y-o-y respectively. Hero is witnessing improvement in demand with retail sales reaching 96% of last year level in initial part of the festive season. Company expects further improvement in festives and has ramped up production. We expect strong recovery from FY22 driven by normalisation of economic activities. Operating leverage, price hikes, and cost saving under the leap programme would result in margin improvement. We expect Hero to reach its historical margin range of 15%-16%....

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

Hero MotoCorp Ltd.

29 Oct 2020

5571.50

0.22%

Hero MotoCorp

Buy: Hero MotoCorp Ltd.

Recommendation Target

ICICI Securities Limited

Hero MotoCorp (HMCL) reported a strong set of Q2FY21 numbers. Total 2W sales volume for the quarter came in at 18.2 lakh units, up 7.7% YoY. Consequent net sales were at | 9,367 crore, up 23.7% YoY. Blended ASPs were at | 51,412/unit, a rise of ~15% YoY (courtesy BS-VI transition). EBITDA margins at 13.7% were down 80 bps YoY. The margin performance was impacted by a rise in raw material cost but employee and other expenses declined on a percentage of sales basis by 70 bps and 190 bps, respectively. Consequent PAT came in at | 953.5 crore (up 9% YoY). Lower...

Hero MotoCorp Ltd. has gained 31.04% in the last 3 Months

Hero MotoCorp Ltd.

29 Oct 2020

5571.50

0.22%

Hero MotoCorp (SELL): Optimism priced in downgrade to SELL

Sell: Hero MotoCorp Ltd.

BOB Capital Markets Ltd.

Hero MotoCorp's (HMCL) Q2FY21 operating performance beat estimates due to above-expected ASP.

Hero MotoCorp Ltd. is trading above all available SMAs

Hero MotoCorp Ltd.

29 Oct 2020

5571.50

0.22%

Hero Motocorp

Accumulate: Hero MotoCorp Ltd.

Recommendation Target

Dolat Capital

Hero MotoCorp (HMCL) 2QFY21 numbers were broadly in line estimates. EBITDA increased by 17% YoY to Rs.12.8bn with margin at 13.7% (-81bps YoY). Increase in RM prices was offset by cost control measures and better operating leverage. The management sounded positive on domestic sales outlook with demand back to pre Covid level, expecting momentum to continue into the festive season. Festive sales have started off well for the company and retail sales reached 96% of last year during the Navratri period...

Hero MotoCorp Ltd. has gained 51.98% in the last 6 Months

Is Hero MotoCorp Ltd. worth buying?

709 Votes:

Buy 77.43%

Sell 13.82%

Hold 8.74%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf