Hero MotoCorp Share Price Targets: Hero Motocorp is a company in the Consumer Cyclical category of the auto manufacturers industry. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are the trading venues for the company.
It is anticipated that the ratio fee of the enterprise will reflect these excessive best developments in the coming years as it continues to exploit its market function and adjust to changing customer objectives and organizational characteristics.
In this article, we will examine the future goals, corporate profile, and current fundamental ratios of the Hero MotoCorp Limited company today and discuss in depth the Hero Motocorp share price targets for 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
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About Hero Motocorp Company
Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer based in Delhi. It is one of the world's leading two-wheeler manufacturers, with a market share of about 46% of the Indian two-wheeler sector. Hero Honda began operations in 1984 as a joint venture between Hero Cycles of India and Honda of Japan.
Hero MotoCorp approved a plan to merge its parent company's investment arm, Hero Investments Private Limited, with the manufacturer in June 2012. The decision came 18 months after the company was spun off from Hero Honda.
Hero Motocorp Share Current Performance And Market Indicators
Open Price: ₹5,985.30
Today’s Low Price: ₹5,983.80
Today's High Price: ₹6,145.95
Current Price: ₹6029.25
Market capitalization: ₹1,19,234 Cr
P/E Ratio: 29.22
ROE: 16.21%
Dividend Yield: 2.35%
52-Week Low: ₹2,923.95
52-Week High: ₹6,145.95
Price Change Over the Past Year: +2,996.25 (97.70% Increase)
The share price performance of Hero MotoCorp, which opened at ₹5,985.30 today and hit a high of ₹6,145.95, reflects its strong presence in the market. At ₹6,029.25, the price has gained strongly and is approaching its 52-week high of ₹6,145.95.
The firm has a market cap of ₹1,19,234 crore and has a P/E ratio of 29.22 and ROE of 16.21%, indicating its strong financial position. Investors are also benefiting from a dividend yield of 2.35%. Notably, the stock has rallied a remarkable 97.70% from its 52-week low price of ₹2,923.95 to ₹2,996.25 in the last year.
Hero Motocorp Share Price Target 2024
The positive market outlook is expected to remain intact until the first quarter of 2024. Based on technical analysis, the projected share price target for Hero Motocorp in 2024 is expected to be ₹6281.69.
Hero Motocorp Share Price Target 2025
The company's strategic goals, which include entering new areas and forming alliances with young companies, will likely be very helpful in increasing sales and increasing its market value. Considering all these facts, the target price of Hero MotoCorp Limited can reach Rs 7257 by 2025.
Hero Motocorp Share Price Target 2026
Hero MotoCorp's long-term share price projections till 2026 are a very positive picture for investors. The company's shares are capable of reaching a maximum price of Rs 8165 by 2026.
Hero Motocorp Share Price Target 2027
It is estimated that the Hero MotoCorp share price could reach an all-time high of ₹9,289 by 2027. This positive projection reflects the expected growth due to the company's continued innovation in the production of motorbikes and scooters, increasing market share, and wise investments in electric mobility.
Hero Motocorp Share Price Target 2028
Hero MotoCorp's stock price is projected to reach ₹10,265 by the end of 2028. The company's continued efforts to innovate and adapt to changing consumer preferences, particularly in the electric car category, are the main drivers of this optimistic outlook.
In a competitive market, Hero MotoCorp is well-positioned to gain market share due to a strong product selection and dedication to sustainability. Its growth prospects can be further enhanced by expanding into overseas and local markets, making this target an attractive prospect for investors hoping to profit from the company's future success.
Hero Motocorp Share Price Target 2029
Hero MotoCorp is projected to achieve its share price target of ₹10,910 in 2029. This forecast points to a promising future for the business. Investors assessing the likelihood of achieving this target will likely be closely monitoring the company's performance and strategic progress.
Hero Motocorp Share Price Target 2030
As for the 2030 share price target for Hero MotoCorp, if the business continues to grow at its current rate, investors could see big gains. Thus, the market value of the stock could reach close to ₹12,000 to ₹14,000 by 2030.
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Hero Motocorp Shareholding
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
Promoters | 34.77% | 34.77% | 34.76% | 34.76% | 34.76% |
Foreign Institutions | 28.09% | 26.80% | 28.33% | 28.93% | 29.87% |
Mutual Funds | 10.33% | 12.49% | 13.73% | 14.02% | 13.75% |
Other Domestic Institutions | 3.08% | 16.64% | 2.35% | 13.74% | 13.13% |
Retail and Other | 23.73% | 9.30% | 20.83% | 8.55% | 8.49% |
The Hero Motocorp shareholding chart is referred to from the Groww website.
Hero Motocorp Balance Sheet
Balance Sheet of Hero Motocorp (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths |
EQUITIES AND LIABILITIES |
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SHAREHOLDER'S FUNDS |
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Equity Share Capital | 39.98 | 39.97 | 39.96 | 39.96 | 39.95 |
Total Share Capital | 39.98 | 39.97 | 39.96 | 39.96 | 39.95 |
Reserves and Surplus | 17,900.57 | 16,629.49 | 15,718.51 | 15,139.43 | 14,081.01 |
Total Reserves and Surplus | 17,900.57 | 16,629.49 | 15,718.51 | 15,139.43 | 14,081.01 |
Total Shareholders Funds | 17,986.18 | 16,705.09 | 15,782.92 | 15,198.43 | 14,136.40 |
NON-CURRENT LIABILITIES |
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Long Term Borrowings | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities [Net] | 434.82 | 405.37 | 383.29 | 404.09 | 392.83 |
Other Long Term Liabilities | 289.63 | 330.58 | 297.36 | 275.85 | 121.67 |
Long Term Provisions | 316.66 | 198.12 | 178.07 | 172.46 | 122.37 |
Total Non-Current Liabilities | 1,041.11 | 934.07 | 858.72 | 852.4 | 636.87 |
CURRENT LIABILITIES |
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Short Term Borrowings | 0 | 0 | 0 | 0 | 0 |
Trade Payables | 5,528.15 | 4,704.46 | 4,260.34 | 5,204.61 | 3,030.51 |
Other Current Liabilities | 861.97 | 743.83 | 651.62 | 745.24 | 798.99 |
Short Term Provisions | 154.14 | 175.69 | 160.42 | 160.37 | 146.56 |
Total Current Liabilities | 6,544.26 | 5,623.98 | 5,072.38 | 6,110.22 | 3,976.06 |
Total Capital And Liabilities | 25,571.55 | 23,263.14 | 21,714.02 | 22,161.05 | 18,749.33 |
ASSETS |
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NON-CURRENT ASSETS |
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Tangible Assets | 5,305.48 | 5,261.23 | 5,507.98 | 5,698.15 | 5,976.99 |
Intangible Assets | 528.55 | 500.19 | 298.5 | 290.26 | 140.09 |
Capital Work-In-Progress | 120.58 | 128.55 | 87.32 | 177.86 | 160.25 |
Other Assets | 0 | 0 | 0 | 0 | 0 |
Fixed Assets | 6,314.54 | 6,225.21 | 6,264.68 | 6,425.00 | 6,458.35 |
Non-Current Investments | 8,811.58 | 7,372.48 | 4,814.66 | 4,308.18 | 3,528.17 |
Deferred Tax Assets [Net] | 0 | 0 | 0 | 0 | 0 |
Long Term Loans And Advances | 21.15 | 19.87 | 59.03 | 52.23 | 67.27 |
Other Non-Current Assets | 628.26 | 608.79 | 460.69 | 422.85 | 406.98 |
Total Non-Current Assets | 15,775.53 | 14,226.35 | 11,599.06 | 11,208.26 | 10,460.77 |
CURRENT ASSETS |
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Current Investments | 4,274.52 | 3,637.88 | 5,837.66 | 6,191.49 | 4,694.48 |
Inventories | 1,443.76 | 1,434.09 | 1,122.65 | 1,469.55 | 1,091.97 |
Trade Receivables | 2,703.44 | 2,798.21 | 2,304.27 | 2,426.76 | 1,603.14 |
Cash And Cash Equivalents | 608.93 | 345.5 | 175.12 | 257.15 | 241.86 |
Short Term Loans And Advances | 24.56 | 23.71 | 22.81 | 36.94 | 22.36 |
OtherCurrentAssets | 740.81 | 797.4 | 652.45 | 570.9 | 634.75 |
Total Current Assets | 9,796.02 | 9,036.79 | 10,114.96 | 10,952.79 | 8,288.56 |
Total Assets | 25,571.55 | 23,263.14 | 21,714.02 | 22,161.05 | 18,749.33 |
OTHER ADDITIONAL INFORMATION |
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CONTINGENT LIABILITIES, COMMITMENTS |
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Contingent Liabilities | 431.37 | 291.36 | 296.89 | 248.55 | 249.43 |
CIF VALUE OF IMPORTS |
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Raw Materials | 0 | 0 | 0 | 0 | 0 |
Stores, Spares And Loose Tools | 0 | 0 | 0 | 683.27 | 1,001.45 |
Trade/Other Goods | 0 | 0 | 0 | 683.27 | 1,001.45 |
Capital Goods | 0 | 0 | 0 | 0 | 0 |
EXPENDITURE IN FOREIGN EXCHANGE |
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Expenditure In Foreign Currency | 520.58 | 457.17 | 374.28 | 239.3 | 233.32 |
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS |
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Dividend Remittance In Foreign Currency | -- | -- | -- | -- | -- |
EARNINGS IN FOREIGN EXCHANGE |
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FOB Value Of Goods | -- | -- | -- | -- | -- |
Other Earnings | 1,457.05 | 1,088.24 | 1,445.96 | 866.87 | 761.77 |
BONUS DETAILS |
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Bonus Equity Share Capital | 23.96 | 23.96 | 23.96 | 23.96 | 23.96 |
NON-CURRENT INVESTMENTS |
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Non-Current Investments Quoted Market Value | -- | -- | -- | 614.74 | 214.87 |
Non-Current Investments Unquoted Book Value | -- | -- | -- | 3,693.68 | 3,320.36 |
CURRENT INVESTMENTS |
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Current Investments Quoted Market Value | -- | -- | -- | 55.59 | 135.71 |
Current Investments Unquoted Book Value | -- | -- | -- | 6,136.94 | 4,559.92 |
This balance sheet is referred to from the MoneyControl website.
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Conclusion
Hero MotoCorp stock price target spanning 2024 to 2030 are the result of a mix of market trends, economic considerations, and strategic actions taken by the company. Investors should be aware of industry issues and competition, even as predictions point to potential growth driven by improvements in electric transportation and rising demand in emerging regions. In this fast-paced industry, making well-informed investment selections requires constant observation of market conditions and financial performance.
FAQs
1. Why to invest in Hero MotoCorp?
Hero MotoCorp's financial position is good, the company's profit was Rs 3,600 crore in March 2020, and the company had reserves of Rs 14,800 crore as of September 2020. These factors make investing in the company attractive. This financial strength shows stability and growth prospects.
2. What is the current share price of Hero MotoCorp?
The current share price of Hero MotoCorp is ₹5978.75.
3. What factors influence the share price of Hero MotoCorp?
Several factors influence the share price of Hero MotoCorp, including supply and demand, market sentiment, economic conditions, the company's financial performance, industry trends, and unexpected events.
4. How do analysts' opinions affect Hero MotoCorp's share price target?
Hero MotoCorp's stock price objectives are heavily influenced by analysts' opinions, which are based on their evaluation of the company's quarterly results. As an example of differing outlooks on growth and performance, Goldman Sachs continues to have a sell rating with a target of₹4,250, while Jefferies and other analysts have a buy rating with targets ranging from₹5,320 to₹5,663. These differing targets can have an impact on investor sentiment and, in turn, the stock price.
Disclaimer
This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time.
We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories.
If you have any corrections or find any wrong information, do let us know at our official [email protected].