Hero MotoCorp Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Hero MotoCorp is the number one manufacturer of two-wheelers in the country on the basis of total units produced. It has partnered with reputed two-wheeler companies like Harley Davidson, Ather, and Zero Motorcycles to evolve with the changing needs of its consumers. Particularly its partnerships with Ather and Zero are aimed at the development of best-in-class electric vehicles. Some of Hero’s motorcycle models include the Xpulse 210 and the Xtreme 250R. Its scooters include the Xoom 160 and a new electric range by the name of Vida. The company is able to be a part of 120 million lives worldwide with over 9000 touchpoints in 48 countries across the Middle East, the Americas, Africa, and Europe.
Incorporation Year: 1984
Headquarters: Delhi
Top Management: Pawan Munjal
Industry: Automobiles
Website: www.heromotocorp.com
Featured In Fortune India Ranking
Fortune 500 India
#68(2024)
#71(2023)
#65(2022)
#54(2021)
#55(2020)
#48(2019)
#45(2018)
#48(2017)
#45(2016)
#49(2015)
#49(2014)
#46(2013)
#43(2012)
#42(2011)
#44(2010)
#68(2024)#71(2023)#65(2022)#54(2021)#55(2020)#48(2019)#45(2018)#48(2017)#45(2016)#49(2015)#49(2014)#46(2013)#43(2012)#42(2011)#44(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
38,455
(INR Cr)
Net Operating Income
37,789
(INR Cr)
Assets
18,942
(INR Cr)
Profit
3,745
(INR Cr)
Net Worth
17,699
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 38455 10.2% | 34894 16.0% | 30078 -5.3% | 31773 2.7% | 30930 -11.1% | 34777 4.9% | 33141 12.9% | 29353 1.4% | 28954 3.0% | 28105 9.3% | 25711 6.5% | 24134 0.4% | 24027 21.9% | 19712 22.3% | 16116 27.7% | 12618 - |
| Net Operating Income (INR Cr) | 37789 10.63% | 34158 15.59% | 29551 -4.55% | 30959 5.83% | 29254 -13.89% | 33971 4.66% | 32458 13.45% | 28610 0.54% | 28457 3.34% | 27538 8.95% | 25275 0.00% | 23768 0.80% | 23579 21.55% | 19398 23.10% | 15758 27.92% | 12319 19.20% |
| Profit (INR Cr) | 3745 33.3% | 2810 21.3% | 2317 -20.6% | 2918 -19.8% | 3638 5.6% | 3444 -7.4% | 3720 3.8% | 3584 14.1% | 3142 32.9% | 2365 12.5% | 2103 -0.7% | 2118 -10.9% | 2378 23.4% | 1928 -13.6% | 2232 74.1% | 1282 - |
| Assets (INR Cr) | 18942 6.7% | 17746 4.8% | 16936 2.9% | 16465 8.9% | 15124 10.7% | 13669 10.1% | 12412 15.8% | 10719 16.7% | 9189 36.0% | 6756 12.9% | 5982 0.0% | 5980 -1.3% | 6059 17.5% | 5156 46.0% | 3531 -9.0% | 3879 - |
| Net Worth (INR Cr) | 17699 6.3% | 16656 5.1% | 15847 2.8% | 15416 7.0% | 14406 9.8% | 13120 9.6% | 11971 16.1% | 10316 16.8% | 8834 35.1% | 6540 16.3% | 5623 0.0% | 5006 16.7% | 4290 45.1% | 2956 -14.7% | 3465 -8.8% | 3801 27.3% |
| Employee Cost (INR Cr) | 2632 17.0% | 2250 12.7% | 1996 2.3% | 1951 3.3% | 1889 6.3% | 1778 12.3% | 1584 10.6% | 1432 7.0% | 1339 13.6% | 1179 26.7% | 930 13.3% | 821 11.6% | 736 18.8% | 619 41.4% | 438 18.1% | 371 - |
| Interest Cost (INR Cr) | 76 | 105 | 53 | 46 | 47 | 37 | 31 | 27 | 15 | 12 | 12 | 12 | 21 | 15 | 2 | 3 |
| Cash & Bank Balance (INR Cr) | 696 | 423 | 300 | 396 | 435 | 304 | 238 | 195 | 179 | 216 | 120 | 181 | 77 | 72 | 1907 | 220 |
| Total Debt (INR Cr) | 606 | 568 | 605 | 584 | 453 | 312 | 228 | 261 | 232 | 100 | 284 | 642 | 719 | 693 | 66 | 78 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 9.7% | 8.1% | 7.7% | 9.2% | 11.8% | 9.9% | 11.2% | 12.2% | 10.9% | 8.4% | 8.2% | 8.8% | 9.9% | 9.8% | 13.9% | 10.2% |
| Profit As % Of Assets | 19.8% | 15.8% | 13.7% | 17.7% | 24.1% | 25.2% | 30.0% | 33.4% | 34.2% | 35.0% | 35.2% | 35.4% | 39.3% | 37.4% | 63.2% | 33.0% |
| Profit As % Of Networth | 21.2% | 16.9% | 14.6% | 18.9% | 25.3% | 26.3% | 31.1% | 34.8% | 35.6% | 36.2% | 37.4% | 42.3% | 55.4% | 65.2% | 64.4% | 33.7% |
| Interest Cost to EBITDA % | 1.5% | 2.6% | 1.6% | 1.2% | 1.2% | 0.7% | 0.6% | 0.6% | 0.3% | 0.4% | 0.3% | 0.4% | 0.6% | 0.6% | 0.1% | 0.2% |
| Debt to Equity Ratio | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.05 | 0.13 | 0.17 | 0.23 | 0.02 | 0.02 |
| RONW | 21.8% | 17.2% | 14.9% | 19.7% | 22.1% | 27.6% | 33.4% | 37.0% | 40.5% | 38.6% | 37.5% | 40.7% | 65.6% | 60.1% | 61.4% | 37.8% |
| ROCE | 28.4% | 23.1% | 18.8% | 24.9% | 27.0% | 39.8% | 46.4% | 49.7% | 55.5% | 52.0% | 48.1% | 37.5% | 51.5% | 55.7% | 76.5% | 51.0% |