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- HERO MOTOCORP - FORCE MOTORS
HERO MOTOCORP vs FORCE MOTORS - Comparison Results
HERO MOTOCORP Change
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
FORCE MOTORS 
Force Motors Ltd. (erstwhile Bajaj Tempo), promoted by the Firodia Group manufactures 3-wheelers (passenger and goods versions), Utlity Vehicles (UV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV). The company is also engaged i... More
Current Valuations
| HERO MOTOCORP | FORCE MOTORS | HERO MOTOCORP/ FORCE MOTORS |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 21.0 | 25.7 | 81.9% | View Chart |
| P/BV | x | 4.0 | 0.8 | 513.7% | View Chart |
| Dividend Yield | % | 3.1 | 0.9 | 356.2% |
Financials
 HERO MOTOCORP  FORCE MOTORS |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| HERO MOTOCORP Mar-20 |
FORCE MOTORS Mar-19 |
HERO MOTOCORP/ FORCE MOTORS |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 3,021 | 3,238 | 93.3% | |
| Low | Rs | 1,475 | 1,300 | 113.5% | |
| Sales per share (Unadj.) | Rs | 1,464.7 | 2,771.2 | 52.9% | |
| Earnings per share (Unadj.) | Rs | 183.2 | 108.8 | 168.4% | |
| Cash flow per share (Unadj.) | Rs | 225.6 | 223.3 | 101.0% | |
| Dividends per share (Unadj.) | Rs | 90.00 | 10.00 | 900.0% | |
| Dividend yield (eoy) | % | 4.0 | 0.4 | 908.4% | |
| Book value per share (Unadj.) | Rs | 721.3 | 1,466.8 | 49.2% | |
| Shares outstanding (eoy) | m | 199.73 | 13.18 | 1,515.4% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 1.5 | 0.8 | 187.5% | |
| Avg P/E ratio | x | 12.3 | 20.9 | 58.8% | |
| P/CF ratio (eoy) | x | 10.0 | 10.2 | 98.1% | |
| Price / Book Value ratio | x | 3.1 | 1.5 | 201.5% | |
| Dividend payout | % | 49.1 | 9.2 | 534.5% | |
| Avg Mkt Cap | Rs m | 449,013 | 29,905 | 1,501.4% | |
| No. of employees | `000 | 8.6 | 7.2 | 119.5% | |
| Total wages/salary | Rs m | 18,893 | 4,181 | 451.8% | |
| Avg. sales/employee | Rs Th | 34,020.2 | 5,074.3 | 670.4% | |
| Avg. wages/employee | Rs Th | 2,197.1 | 580.9 | 378.2% | |
| Avg. net profit/employee | Rs Th | 4,255.6 | 199.2 | 2,135.8% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 292,540 | 36,525 | 800.9% | |
| Other income | Rs m | 7,306 | 816 | 895.1% | |
| Total revenues | Rs m | 299,845 | 37,341 | 803.0% | |
| Gross profit | Rs m | 40,609 | 2,788 | 1,456.7% | |
| Depreciation | Rs m | 8,458 | 1,509 | 560.4% | |
| Interest | Rs m | 466 | 153 | 304.2% | |
| Profit before tax | Rs m | 38,991 | 1,942 | 2,008.3% | |
| Minority Interest | Rs m | 346 | -40 | -863.6% | |
| Prior Period Items | Rs m | 6,774 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 9,517 | 467 | 2,037.0% | |
| Profit after tax | Rs m | 36,594 | 1,434 | 2,551.5% | |
| Gross profit margin | % | 13.9 | 7.6 | 181.9% | |
| Effective tax rate | % | 24.4 | 24.1 | 101.4% | |
| Net profit margin | % | 12.5 | 3.9 | 318.6% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 86,492 | 10,914 | 792.5% | |
| Current liabilities | Rs m | 42,791 | 6,531 | 655.2% | |
| Net working cap to sales | % | 14.9 | 12.0 | 124.5% | |
| Current ratio | x | 2.0 | 1.7 | 121.0% | |
| Inventory Days | Days | 16 | 50 | 31.8% | |
| Debtors Days | Days | 19 | 17 | 113.4% | |
| Net fixed assets | Rs m | 68,643 | 15,876 | 432.4% | |
| Share capital | Rs m | 400 | 132 | 303.1% | |
| "Free" reserves | Rs m | 143,663 | 19,200 | 748.2% | |
| Net worth | Rs m | 144,063 | 19,332 | 745.2% | |
| Long term debt | Rs m | 440 | 2,056 | 21.4% | |
| Total assets | Rs m | 196,741 | 28,360 | 693.7% | |
| Interest coverage | x | 84.6 | 13.7 | 619.1% | |
| Debt to equity ratio | x | 0 | 0.1 | 2.9% | |
| Sales to assets ratio | x | 1.5 | 1.3 | 115.5% | |
| Return on assets | % | 18.8 | 5.6 | 336.5% | |
| Return on equity | % | 25.4 | 7.4 | 342.4% | |
| Return on capital | % | 32.2 | 9.6 | 335.5% | |
| 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 | 7,618 | 215 | 3,541.5% | |
| Fx outflow | Rs m | 12,348 | 12,885 | 95.8% | |
| Net fx | Rs m | -4,730 | -12,670 | 37.3% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 55,181 | 3,140 | 1,757.2% | |
| From Investments | Rs m | -28,191 | -6,056 | 465.5% | |
| From Financial Activity | Rs m | -26,018 | 2,563 | -1,015.3% | |
| Net Cashflow | Rs m | 972 | -353 | -275.4% | |
Share Holding
| Indian Promoters | % | 52.2 | 59.4 | 87.9% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 8.5 | 0.7 | 1,214.3% | |
| FIIs | % | 30.6 | 5.8 | 527.6% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 8.8 | 34.1 | 25.8% | |
| Shareholders | 75,661 | 18,200 | 415.7% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare HERO MOTOCORP With: HINDUSTAN MOTORS ASHOK LEYLAND MARUTI SUZUKI TATA MOTORS ESCORTS LIMITED
Compare HERO MOTOCORP With: HYUNDAI (S. Korea) SAIC MOTOR (China) DONGFENG MOTOR (China) FORD (US)
Today's Market
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Indian share markets ended on a strong note on Tuesday. Benchmark indices extended gains after the Indian government fast-tracked emergency approvals for foreign produced Covid-19 vaccines.
Related Views on News
HERO MOTOCORP Announces Quarterly Results (3QFY21); Net Profit Up 23.2% (Quarterly Result Update)
Feb 10, 2021 | Updated on Feb 10, 2021For the quarter ended December 2020, HERO MOTOCORP has posted a net profit of Rs 11 bn (up 23.2% YoY). Sales on the other hand came in at Rs 98 bn (up 39.7% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
HERO MOTOCORP Announces Quarterly Results (1QFY21); Net Profit Down 95.1% (Quarterly Result Update)
Sep 10, 2020 | Updated on Sep 10, 2020For the quarter ended June 2020, HERO MOTOCORP has posted a net profit of Rs 613 m (down 95.1% YoY). Sales on the other hand came in at Rs 30 bn (down 63.0% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
HERO MOTOCORP 2019-20 Annual Report Analysis (Annual Result Update)
Aug 6, 2020 | Updated on Aug 6, 2020Here's an analysis of the annual report of HERO MOTOCORP for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of HERO MOTOCORP. Also includes updates on the valuation of HERO MOTOCORP.
HERO MOTOCORP Announces Quarterly Results (4QFY20); Net Profit Down 15.0% (Quarterly Result Update)
Jun 11, 2020 | Updated on Jun 11, 2020For the quarter ended March 2020, HERO MOTOCORP has posted a net profit of Rs 6 bn (down 15.0% YoY). Sales on the other hand came in at Rs 62 bn (down 20.9% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
HERO MOTOCORP Announces Quarterly Results (3QFY20); Net Profit Up 14.5% (Quarterly Result Update)
Feb 11, 2020 | Updated on Feb 11, 2020For the quarter ended December 2019, HERO MOTOCORP has posted a net profit of Rs 9 bn (up 14.5% YoY). Sales on the other hand came in at Rs 70 bn (down 11.0% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.
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