Hero MotoCorp Ltd. share price target

Q1 revenue fell 37% QoQ on reduced volumes and ASP. High RM cost and lower operating efficiency further dampened PAT

corresponding quarter of the previous fiscal. The company improved its market share in the increase through the accelerated Leap-2 saving program. The company remains optimistic about demand over the coming months with the start of the festive season and also a healthy monsoon and encouraging farm activity. With last-mile retail opening up further, we expect numbers to be positive as we move forward. Hero MotoCorp aims to build further on its market...

segment as well with increasing market share yoy. In the executive bikes segment as well their 1 Year Avg. Dly Traded Volume (in lakh) bikes are performing well. In the premium bikes segment, the company attained market share of 5% on the back of X-treme 150 R and X-Pulse bikes. Additionally, in exports markets the company...

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...

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

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 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,...

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