Hero Motocorp Limited was incorporated in 1984 as a joint collaboration venture of Honda Motor Company, Japan and Hero group in the name of Hero Honda Motors Limited. The Hero Motocorp share price reflects the present financial condition of the company. It is a nifty 50 company and an automobile major in India. It is the largest company and leader in two wheeler sector in India.
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Hero Motocorp Share Price Graph
Under this joint collaboration, the first motorcycle to hit Indian roads was CD 100 which was instantly taken to the liking of Indian middle class in 1985. By the year 1987, it produced the 100000 th. motorcycle. Production increased almost in geometrical progression with every year passing by. 1991 saw 500000 th. motorcycle under Hero Motocorp, in 1994 it was 1000000 th. motorcycle, in 1998 the 4000000 th., 2000 saw 4000000 th. motorcycle. And the production went on increasing steadily along with net profit in the balance sheet. Today, it is the largest two wheeler manufacturing company in the world. Approximately over 20 million motorcycles under the Hero Motocorp brand tread Indian roads today.
Today low emission motorcycles of Hero Motocorp has set the benchmark standard in low emission. Hero Motocorp manufactures motorcycles from three manufacturing units in India which are of global standard. Two of them are in Dharuhera and Gurgaon in Haryana and the third in Haridwar, Uttarakhand.
The shareholding pattern of the company is as follows.
- Promoters stake – 34.64%
- Institutional stake – 55.16%
- Non-institutional stake – 10.2%
In the next two years, in fiscal 18 and fiscal 19, Hero Motocorp has plans to invest over Rs 2500 crores infrastructure capacity increase and also in R&D for product development. In addition the company has plans to invest in upcoming manufacturing units at Andhra Pradesh and Bangladesh. Some of the investment will also be used for expansion and modification at the Gujarat facility.
As per latest data available the Hero Motocorp has crossed 70 million in sales and has plans to reach 100 million soon.
Company Financials – Hero Motocorp share price is Rs 3806.75 (as on 20.06.17, 11.44 hrs.) in BSE. As per latest data, the standalone basis P/E is 22.62 versus average industry PE of 28.1, EPS is Rs 169.11. Market cap is Rs 76,405 crores. The face value of a share is Rs 2.
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