Hero MotoCorp Ltd. share price target

went down qoq to 4.2% as a percentage of sales, which was flattish yoy. Other expenses to sales were down qoq to 10.8% from 12.4%, but were up from 9.9% yoy. Despite higher advertising and publicity expenses, EBITDA margins came in 140...

CMP: INR3,457 TP: INR3,666 (+6%) Downgrade to Neutral EBITDA margin in line at 16.6%, hits Motilal Oswal values your support in...

The impact of transitory competitive pressure in the Economy and Scooter segments is behind us, with the full benefit of recovery reflecting in FY17. EBITDA margins are likely to improve ~40bp over FY16-18E to ~15.9%, despite...

We met the management of Castrol India to understand in detail the company's business and strategy. Castrol is the largest private player in the lubricants business mainly catering to the automotive and industrial...

the extremely weak growth expectations in the exports markets on the back of African and Latam underperformance. In FY18 we expect Hero volumes to growth at 8.2% on some improvement in demand on new model launches and the impact of...

material benefits. This was majorly offset by higher than estimated other expenses (partlyduetohigherR&D;expenses) Key highlights: Strong numbers, in line with estimates commodity price benefits saw a...

We were impressed by Hero?s new R&D; centre, (Centre of Innovation and Technology ? CIT) in Rajasthan, with elaborate infrastructure being created to scale up the indigenous product development efforts. The company hopes to accelerate its new product development efforts to attain global leadership in two-wheelers.

ICICI Securities Ltd | Retail Equity Research Hero MotoCorp (HMCL) reported its Q3FY16 numbers that were higher than our estimates. Revenues came in at | 7,295 crore, up...

Hero Motocorps (HMCL) 3QFY16 EBITDA at Rs 11.4bn ( 39% YoY) was in line. Gross margin expanded 470bps YoY driven by (1) 100bps YoY expansion from cost savings under the leap programme and (2) 370bps YoY from lower commodity price benefits. APAT at Rs 7.9 ( 37% YoY) missed estimates modestly because of lower-than-expected other income (-10% YoY). Topline growth of 7% YoY to Rs 72.9bn was driven by 3% YoY volume increase and 4% YoY rise in net ASP.

to be fructifying, further aided by lower raw material prices. Management remained cautious about pickup in rural demand expects it to be gradual and dependent on monsoon.Weseethecompany'sFY16volumesfalling1%andgrowing9%inFY17,ledbya...