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- BAJAJ AUTO - HERO MOTOCORP
BAJAJ AUTO vs HERO MOTOCORP - Comparison Results
BAJAJ AUTO Change
Bajaj Auto enjoys a 25.4% market share (FY12) in the motorcycle segment in India. The company's sales mix (in terms of units sold) consists of motorcycles (88%) and three-wheelers (12%). Though the company has traditionally been a key player in the g... More
HERO MOTOCORP 
Hero Motocorp (HMC; erstwhile Hero Honda Motors) is the largest manufacturer of motorcycles in the world. The company was earlier a joint venture promoted by Hero Cycles (P) Limited and Honda Motor Company with each partner holding 26% stake. HMC is ... More
Current Valuations
| BAJAJ AUTO | HERO MOTOCORP | BAJAJ AUTO/ HERO MOTOCORP |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 18.6 | 13.3 | 139.8% | View Chart |
| P/BV | x | 3.9 | 3.7 | 105.0% | View Chart |
| Dividend Yield | % | 1.9 | 3.6 | 53.7% |
Financials
 BAJAJ AUTO  HERO MOTOCORP |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| BAJAJ AUTO Mar-19 |
HERO MOTOCORP Mar-19 |
BAJAJ AUTO/ HERO MOTOCORP |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 3,214 | 3,862 | 83.2% | |
| Low | Rs | 2,425 | 2,517 | 96.3% | |
| Sales per share (Unadj.) | Rs | 1,045.4 | 1,700.8 | 61.5% | |
| Earnings per share (Unadj.) | Rs | 170.3 | 173.6 | 98.1% | |
| Cash flow per share (Unadj.) | Rs | 179.5 | 204.8 | 87.6% | |
| Dividends per share (Unadj.) | Rs | 60.00 | 87.00 | 69.0% | |
| Dividend yield (eoy) | % | 2.1 | 2.7 | 78.0% | |
| Book value per share (Unadj.) | Rs | 802.9 | 656.9 | 122.2% | |
| Shares outstanding (eoy) | m | 289.37 | 199.73 | 144.9% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 2.7 | 1.9 | 143.8% | |
| Avg P/E ratio | x | 16.6 | 18.4 | 90.1% | |
| P/CF ratio (eoy) | x | 15.7 | 15.6 | 100.9% | |
| Price / Book Value ratio | x | 3.5 | 4.9 | 72.3% | |
| Dividend payout | % | 35.2 | 50.1 | 70.3% | |
| Avg Mkt Cap | Rs m | 815,879 | 637,059 | 128.1% | |
| No. of employees | `000 | 10.3 | 8.6 | 120.0% | |
| Total wages/salary | Rs m | 12,569 | 17,780 | 70.7% | |
| Avg. sales/employee | Rs Th | 29,489.1 | 39,727.3 | 74.2% | |
| Avg. wages/employee | Rs Th | 1,225.3 | 2,079.3 | 58.9% | |
| Avg. net profit/employee | Rs Th | 4,803.7 | 4,053.7 | 118.5% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 302,500 | 339,708 | 89.0% | |
| Other income | Rs m | 15,550 | 6,867 | 226.4% | |
| Total revenues | Rs m | 318,050 | 346,576 | 91.8% | |
| Gross profit | Rs m | 53,287 | 50,184 | 106.2% | |
| Depreciation | Rs m | 2,657 | 6,244 | 42.5% | |
| Interest | Rs m | 45 | 372 | 12.0% | |
| Profit before tax | Rs m | 66,136 | 50,435 | 131.1% | |
| Minority Interest | Rs m | 0 | 608 | 0.0% | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 3,420 | 0 | - | |
| Tax | Rs m | 20,280 | 16,380 | 123.8% | |
| Profit after tax | Rs m | 49,276 | 34,664 | 142.2% | |
| Gross profit margin | % | 17.6 | 14.8 | 119.2% | |
| Effective tax rate | % | 30.7 | 32.5 | 94.4% | |
| Net profit margin | % | 16.3 | 10.2 | 159.6% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 70,732 | 84,132 | 84.1% | |
| Current liabilities | Rs m | 48,738 | 44,092 | 110.5% | |
| Net working cap to sales | % | 7.3 | 11.8 | 61.7% | |
| Current ratio | x | 1.5 | 1.9 | 76.1% | |
| Inventory Days | Days | 12 | 13 | 86.4% | |
| Debtors Days | Days | 31 | 29 | 104.7% | |
| Net fixed assets | Rs m | 18,120 | 55,252 | 32.8% | |
| Share capital | Rs m | 2,894 | 400 | 724.3% | |
| "Free" reserves | Rs m | 229,444 | 130,805 | 175.4% | |
| Net worth | Rs m | 232,338 | 131,204 | 177.1% | |
| Long term debt | Rs m | 0 | 1,248 | 0.0% | |
| Total assets | Rs m | 288,344 | 185,044 | 155.8% | |
| Interest coverage | x | 1,477.2 | 136.7 | 1,081.0% | |
| Debt to equity ratio | x | 0 | 0 | 0.0% | |
| Sales to assets ratio | x | 1.0 | 1.8 | 57.1% | |
| Return on assets | % | 17.1 | 18.9 | 90.3% | |
| Return on equity | % | 21.2 | 26.4 | 80.3% | |
| Return on capital | % | 30.0 | 38.8 | 77.2% | |
| Exports to sales | % | 0 | 0 | - | |
| Imports to sales | % | 0 | 0 | - | |
| Exports (fob) | Rs m | NA | NA | - | |
| Imports (cif) | Rs m | NA | NA | - | |
| Fx inflow | Rs m | 114,342 | 8,320 | 1,374.3% | |
| Fx outflow | Rs m | 9,731 | 18,489 | 52.6% | |
| Net fx | Rs m | 104,612 | -10,168 | -1,028.8% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 24,869 | 10,323 | 240.9% | |
| From Investments | Rs m | -3,384 | 12,976 | -26.1% | |
| From Financial Activity | Rs m | -20,741 | -22,524 | 92.1% | |
| Net Cashflow | Rs m | 1,400 | 775 | 180.7% | |
Share Holding
| Indian Promoters | % | 49.2 | 52.2 | 94.3% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 10.6 | 8.5 | 125.1% | |
| FIIs | % | 15.0 | 30.6 | 49.0% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 25.1 | 8.8 | 285.2% | |
| Shareholders | 78,518 | 75,661 | 103.8% | ||
| Pledged promoter(s) holding | % | 0.1 | 0.0 | - |
Compare BAJAJ AUTO With: HMT LTD. FORCE MOTORS CHOLAMANDALAM FINANCIAL HOLDINGS TVS MOTORS EICHER MOTOR
Compare BAJAJ AUTO With: HYUNDAI (S. Korea) SAIC MOTOR (China) DONGFENG MOTOR (China) FORD (US)
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Related Views on News
HERO MOTOCORP Announces Quarterly Results (2QFY20); Net Profit Down 10.4% (Quarterly Result Update)
Nov 1, 2019 | Updated on Nov 1, 2019For the quarter ended September 2019, HERO MOTOCORP has posted a net profit of Rs 9 bn (down 10.4% YoY). Sales on the other hand came in at Rs 76 bn (down 16.7% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
BAJAJ AUTO Announces Quarterly Results (2QFY20); Net Profit Up 21.8% (Quarterly Result Update)
Oct 24, 2019 | Updated on Oct 24, 2019For the quarter ended September 2019, BAJAJ AUTO has posted a net profit of Rs 14 bn (up 21.8% YoY). Sales on the other hand came in at Rs 77 bn (down 3.5% YoY). Read on for a complete analysis of BAJAJ AUTO's quarterly results.
BAJAJ AUTO 2018-19 Annual Report Analysis (Annual Result Update)
Sep 3, 2019 | Updated on Sep 3, 2019Here's an analysis of the annual report of BAJAJ AUTO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BAJAJ AUTO. Also includes updates on the valuation of BAJAJ AUTO.
HERO MOTOCORP Announces Quarterly Results (1QFY20); Net Profit Up 38.3% (Quarterly Result Update)
Aug 1, 2019 | Updated on Aug 1, 2019For the quarter ended June 2019, HERO MOTOCORP has posted a net profit of Rs 13 bn (up 38.3% YoY). Sales on the other hand came in at Rs 80 bn (down 8.8% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
BAJAJ AUTO Announces Quarterly Results (1QFY20); Net Profit Up 0.1% (Quarterly Result Update)
Jul 29, 2019 | Updated on Jul 29, 2019For the quarter ended June 2019, BAJAJ AUTO has posted a net profit of Rs 10 bn (up 0.1% YoY). Sales on the other hand came in at Rs 78 bn (up 4.5% YoY). Read on for a complete analysis of BAJAJ AUTO's quarterly results.
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Jan 20, 2020 03:37 PM
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