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27 September 2017

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Hero MotoCorp Ltd (Automobiles - Motorcycles / Mopeds)

Last Price 3,787.75
Net Changes 31.80
Volume 548321
Prev Close 3,755.95
3,787.75 31.80 (0.85%)
Date: Sep 26,2017 EOD




Index Details Automobiles - Motorcycles / Mopeds


Chart

Stock Price Details

Market Statistics

Open Price 3794.9 Div Yield (%) 0.85
Buy (Size) 0.00(×0) Eps(Rs) 170.66
Sell (Size) 0.00(×0) Book Value(Rs) 506.3319714
Buy Quantity 0 Market Cap(Rs.Cr) 75602.23
Sell Quantity 0 Face Value(Rs) 2
Today's High 3808 Market Lot 1
Today's Low 3755.8 AGM Date Jul
52-Week High 4200 Book Closure Date Jul
52-Week Low 2844.4 ISIN No. INE158A01026

Share Holding Pattern

  No Of shares % Share Holding
Total Foreign (Promoter & Group) 0 0.00
Indian (Promoter & Group) 69166082 34.64
Total of Promoter 69166082 34.64
Non Promoter (Institution) 108693239 54.43
Non Promoter (Non-Institution) 21837517 10.94
Total Non Promoter 130530756 65.36
Total Promoter & Non Promoter 199696838 100.00
Custodians(Against Depository Receipts) 0 0.00
Grand Total 199696838 100.00

Company News

19-Sep-2017  Hero MotoCorp Limited - Analysts/Institutional Investor Meet/C...
Hero MotoCorp Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Hero MotoCorp Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
04-Sep-2017  Hero MotoCorp Limited - Press Release
Hero MotoCorp Limited - Press Release

Hero MotoCorp Limited has informed the Exchange regarding a press release dated September 01, 2017, titled 'Press Release dated 01.09.2017'.
01-Sep-2017  Hero MotoCorp records its highest monthly sale in August 2017
Hero MotoCorp records its highest monthly sale in August 2017

Hero MotoCorp has achieved total sales of 678,797 units in August 2017, its highest ever sales for any single month. The Company crossed six lakh sales for four consecutive months this year. Total sales include domestic sales of 661,490 units, while Global Business contributes 17,307 units.
28-Aug-2017  Hero MotoCorp Limited - Analysts/Institutional Investor Meet/C...
Hero MotoCorp Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Hero MotoCorp Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
23-Aug-2017  Hero MotoCorp Limited - Analysts/Institutional Investor Meet/C...
Hero MotoCorp Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Hero MotoCorp Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates
14-Aug-2017  RingsideView: Hero MotoCorp
RingsideView: Hero MotoCorp

14%-15% OPM in FY2018

Commences commercial production at the second global manufacturing facility in Bangladesh

Hero MotoCorp (HMCL) held a conference call on 25 July 2017to discuss the June 2017 quarter results. It was addressed by CFO Niranjan Gupta, Head Marketing, Sales and Customer Care Ashok Bhasin and Head Investor Relations Umang Khurana. Key points:

HMCL’s profit after tax increased 4% to Rs 914 crore on 8% growth in sales to Rs7971.58 crore in the June 2017 quarter over a year ago. The operating profit margins (OPM) fell 30 basis points to 16.3% due to increased raw material expenses and employee expenses. The margins rationalization program, called Leap, added benefits of Rs 45-50 crore in Q1 of the fiscal ending March 2018 (FY Y 2018). Benefits for the full year are expected to remain close to the previous year.

There is around 55% market share in the 125-c motorcycle category. Sales of the Glamour model were affected because of production and supply constraints. Volumes are expected to recover. The scooter segment, led by Maestro and Pleasure, is expected to record double-digit growth in the coming quarter.

Spare part sales stood at 6.5% of net sales as against 10% of net sales in the previous corresponding quarter. The GST roll-out will accelerate spare-part sales in the long run. There was lower destocking of motorcycles due to refraining from doling out heavy discounts. The industry witnessed a stock build-up of close to 1.50 lakh units in the quarter, inflating overall growth.

A price hike of Rs 400-Rs 2000 per vehicle was undertaken in May 2017 across various models. Most raw material related costs have been passed on to the customers with the price hike.

Commercial production started at the second global manufacturing facility in Bangladesh. The Haridwar plant’s excise duty benefit will cease from 31 March 2018. Current capacity of 89 lakh units will be gradually ramped up to 100 lakh units over the next few years after the expansion of the Halol plant in Gujarat and commencement of the new plant in Andhra Pradesh.

Demand has been improving, with urban growth outpacing rural growth in Q1. An uptick was witnessed in rural demand. There was also marriage season-led demand in the northern and eastern regions. The coming festive season and normal monsoon are expected to boost demand to grow in rural market.

Double-digit growth is expected to continue in the current fiscal. Opportunities will be better in the motorcycle division compared with the scooter division.

The OPM guidance is in the range of 14%-15% for the current fiscal. The tax rate is expected to remain in 39%-40%. Some part of the increase in commodity prices comes with a lag of one quarter and will be felt in Q2. Margins in FY 2019 might be affected by implementation of the combined brake system and the increase in costs could be passed on to customers. The capex guidance is Rs 2500 crore over the next two years.

02-Aug-2017  Hero MotoCorp gains after decent July sales
Hero MotoCorp gains after decent July sales

The announcement was made after market hours yesterday, 1 August 2017.

Meanwhile, the S&P BSE Sensex was up 37.49 points, or 0.12% to 32,612.66.

On the BSE, 2,768 shares were traded in the counter so far, compared with average daily volumes of 65,533 shares in the past one quarter. The stock had hit a high of Rs 3,820.50 and a low of Rs 3,743.45 so far during the day. The stock hit a record high of Rs 3,880.25 on 5 June 2017. The stock hit a 52-week low of Rs 2,844.40 on 17 November 2016.

The stock had underperformed the market over the past one month till 1 August 2017, falling 1.47% compared with 4.34% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 10.49% as against Sensex's 8.97% rise. The scrip had underperformed the market in past one year, rising 14.16% as against Sensex's 16.42% rise.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp said it commenced the second quarter of the fiscal with a robust six-lakh plus sales in July, despite sluggish sales for the first few days of the month due to the transition to goods and services tax (GST). The company said it is confident of carrying forward this growth momentum into the upcoming festive season.

Net profit of Hero MotoCorp rose 3.50% to Rs 914.04 crore on 7.74% rise in net sales to Rs 7971.58 crore in Q1 June 2017 over Q1 June 2016.

Hero MotoCorp is the world's largest manufacturer of two-wheelers.

02-Aug-2017  Hero MotoCorp Limited - Press Release
Hero MotoCorp Limited - Press Release

Hero MotoCorp Limited has informed the Exchange regarding a press release dated August 01, 2017, titled 'Press Release dated 01.08.2017'.
01-Aug-2017  Hero MotoCorp records 17% growth in July 2017
Hero MotoCorp records 17% growth in July 2017

Hero MotoCorp has sold 623,269 units of two wheelers in July 2017, registering a growth of 17.1% over 532,113 units sold in July 2016.

This is the third consecutive month of six-lakh plus sales, having clocked 624,185 units in June and 633,884 units in May.

01-Aug-2017  Other announcement of Hero MotoCorp Limited
Other announcement of Hero MotoCorp Limited

Press Release dated 01.08.2017
Incorporation Year 1984 
Registered Office 34 Community Centre,Basant Lok Vasant Vihar,
,
New Delhi-110057
Telephone 91-11-46044100 / 26142451 
Fax 91-11-26143321 / 26143198 
Chairman Pawan Munjal
Managing Director NA
Company Secretary Neerja Sharma 
Auditor Deloitte Haskins & Sells/BSR & Co LLP 
Face Value(Rs)
Market Lot
Listing MCX-SX,BSE,NSE 
Registrar Karvy Computershare Pvt Ltd
Karvy Selenium Tow-B,Pl-31&32 Gachibowli,Nanakramguda,Hyderabad-500032 
Toll Free number: 1800-425-5501 / 1800-103-5501
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