|
22 Sep 2025 |
Hero MotoCorp
|
Consensus Share Price Target
|
5408.00 |
5193.91 |
- |
-3.96 |
buy
|
|
|
|
|
08 May 2023
|
Hero MotoCorp
|
Prabhudas Lilladhar
|
5408.00
|
3200.00
|
2576.35
(109.91%)
|
Target met |
Buy
|
|
|
|
|
06 May 2023
|
Hero MotoCorp
|
ICICI Direct
|
5408.00
|
2840.00
|
2547.25
(112.31%)
|
Target met |
Hold
|
|
|
|
|
06 May 2023
|
Hero MotoCorp
|
ICICI Securities Limited
|
5408.00
|
2912.00
|
2547.25
(112.31%)
|
Target met |
Accumulate
|
|
|
Hero MotoCorp’s (HMCL) Q4FY23 EBITDA margin was up 153bps QoQ at 13% (consensus: 11.9%). The beat was driven by 144bps QoQ rise in gross margin due to lower commodity costs and savings from LEAP programme.
|
|
05 May 2023
|
Hero MotoCorp
|
Sharekhan
|
5408.00
|
3006.00
|
2576.35
(109.91%)
|
Target met |
Buy
|
|
|
|
|
16 Mar 2023
|
Hero MotoCorp
|
Anand Rathi
|
5408.00
|
2855.00
|
2370.95
(128.09%)
|
Target met |
Buy
|
|
|
|
|
10 Feb 2023
|
Hero MotoCorp
|
Geojit BNP Paribas
|
5408.00
|
2755.00
|
2583.30
(109.34%)
|
Target met |
Hold
|
|
|
|
|
09 Feb 2023
|
Hero MotoCorp
|
Axis Direct
|
5408.00
|
2790.00
|
2559.20
(111.32%)
|
Target met |
Hold
|
|
|
Recommendation: We continue to maintain the HOLD rating as the company braces through the execution of its EV launch and product premiumization.
|
|
09 Feb 2023
|
Hero MotoCorp
|
ICICI Securities Limited
|
5408.00
|
2940.00
|
2559.20
(111.32%)
|
Target met |
Accumulate
|
|
|
Hero MotoCorp’s (HMCL) Q3FY23 EBITDA margin, at 11.5%, flat QoQ, (including 70bps impact of EV launch and festive season offers) was largely in line with our estimates. Gross margin expanded by 250bps QoQ led by a combination of price hikes and commodity price decline, though this gain was fully balanced by adverse operating leverage through 13% QoQ decline in volumes.
|
|
08 Feb 2023
|
Hero MotoCorp
|
ICICI Direct
|
5408.00
|
2770.00
|
2614.65
(106.83%)
|
Target met |
Hold
|
|
|
|
|
08 Feb 2023
|
Hero MotoCorp
|
SMC online
|
5408.00
|
|
2614.65
(106.83%)
|
|
Results Update
|
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