The largest two-wheeler producer in the world, Hero MotoCorp, has dominated the Indian two-wheeler market for many years. Hero MotoCorp has been able to keep a monopoly on the market because to a strong brand presence, a wide range of products, and a solid distribution system. Investors and industry professionals are curious to learn about the company’s performance in the upcoming years as we look to the future.Hero MotoCorp, the leading global manufacturer of motorcycles and scooters, has been generating significant industry buzz due to its recent sales performance. The company experienced a remarkable 10% surge in sales, with a total of 3.94 lakh units sold. As a result, numerous investors are keen on gaining insights into Hero MotoCorp’s share price projections for the years 2023 to 2030.
In this post, we’ll examine the trends and other elements that might have an impact on Hero MotoCorp’s anticipated share price between 2023 and 2030. We will offer insights into the possible trajectory of Hero MotoCorp’s stock price in the coming 10 years by examining the company’s financial performance, its growth prospects, and the macroeconomic environment.
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HERO MOTOCORP IN RECENT NEWS
- Starting from July 3, 2023, Hero MotoCorp, the world’s largest producer of motorcycles and scooters, will implement a price increase of up to 1.5 percent on certain models. This marks the company’s second price adjustment on vehicles within the current calendar year..
- After establishing its dominance on Indian roads with popular commuter motorcycles like the Spendor and Dawn, Hero MotoCorp, the largest two-wheeler manufacturer in the country, is now set to make a significant entry into the luxury market. To accomplish this, the company plans to launch an unprecedented number of new bikes and scooters during the ongoing fiscal year.
- The corporation distributed a final dividend of Rs 35 per share, contributing to a total payout of Rs 100 for the year.
- Subject to its announcement at the upcoming Annual General Meeting (AGM), the dividend of Rs 35 will be disbursed on September 8, 2023.
HOW TO BUY HERO MOTOCORP SHARES?
HERO MOTOCORP SHARE PRICE TARGET 2023
|HERO MOTOCORP SHARE PRICE TARGET||Maximum Price||Minimum Price|
We can see a consistent uptrend in the share prices throughout the year. In july 2023, the minimum price is predicted to be ₹2,508.00, while the maximum price is estimated to be ₹3,260.40, showing an increase of around 30% from the minimum price. This bullish trend continues throughout the year, with the maximum price for December 2023 predicted to be ₹4,418.49 and the minimum price estimated to be ₹3,398.84, reflecting a growth percentage of around 30%.
These predictions suggest a positive outlook for HERO MOTOCORP’s stock performance in 2023. Investors and analysts can look forward to a potentially profitable year for the company, as it continues to leverage its strong brand presence and well-established distribution network to expand its market share in India’s two-wheeler industry. However, it is important to keep in mind that market trends and unforeseen events can impact the stock prices, and investors should exercise caution and undertake their due diligence before making any investment decisions.
HERO MOTOCORP SHARE PRICE TARGET 2024
|HERO MOTOCORP SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
The HERO MOTOCORP share price target for 2024 looks promising, with the predicted maximum and minimum prices indicating a potential growth trend. The year begins with a significant increase, with the maximum price predicted to be ₹4,595.12 in January 2024 and the minimum price estimated at ₹3,577.73. This growth trend continues throughout the year, with the maximum price target for December 2024 estimated at ₹6,111.70 and the minimum price at ₹4,701.31.
Looking at the rest of the year, we can see that the share prices are expected to fluctuate within a range of ₹1,300 to ₹2,500, with an overall uptrend in prices. This indicates a potential investment opportunity for those looking to invest in HERO MOTOCORP’s stock for the long term.
HERO MOTOCORP SHARE PRICE TARGET 2025
|HERO MOTOCORP SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
HERO MOTOCORP share price target for 2025 appears to be bullish, as the trend continues to show an uptick in the share price. The maximum price for HERO MOTOCORP shares in January 2025 is predicted to be ₹6,233.93, while the minimum price is expected to be ₹4,795.33. As the year progresses, the share price is expected to show steady growth, reaching a maximum price of ₹7,413.59 in December 2025 and a minimum price of ₹5,702.76. These figures indicate a growth percentage of over 20% throughout the year, suggesting that the motorcycle manufacturer is likely to continue to perform well in the market. The data reflects a positive outlook for HERO MOTOCORP and shows a bright future ahead for the company in the coming years.
HERO MOTOCORP SHARE PRICE TARGET 2026 TO 2030
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Looking ahead to the future, HERO MOTOCORP share price is expected to continue its upward trend in the years to come. The maximum price target for 2026 is ₹5,189.51, while the minimum price target is ₹3,632.66. Similarly, for 2027, the maximum and minimum price targets are ₹4,411.09 and ₹3,087.76, respectively. In 2028, the share price is predicted to be on a bullish uptrend, with a maximum price target of ₹7,939.95 and a minimum price target of ₹5,557.97. The growth percentage is expected to continue in the following years, with a maximum price target of ₹16,309.90 and a minimum price target of ₹11,416.93 for 2029, and a maximum price target of ₹18,163.29 and a minimum price target of ₹12,714.31 for 2030.
FINANCIAL STRENGTH OF HERO MOTOCORP (2019 TO 2023)
|Financial Year||Mar 2019||Mar 2020||Mar 2021||Mar 2022||Mar 2023|
|Sales (in Rs)||33,971||29,254||30,959||29,551||34,158|
|Expenses (in Rs)||28,946||25,184||26,902||26,295||30,065|
|Operating Profit (in Rs)||5,025||4,070||4,058||3,256||4,094|
|Other Income (in Rs)||741||1,434||553||545||572|
|Interest (in Rs)||37||47||46||53||105|
|Depreciation (in Rs)||624||846||715||690||697|
|Profit Before Tax (in Rs)||5,104||4,611||3,849||3,058||3,864|
|Net Profit (in Rs)||3,466||3,659||2,936||2,329||2,800|
|EPS (in Rs)||172.44||182.14||146.05||115.95||140.61|
|Dividend Payout (%)||50%||49%||72%||82%||71%|
Looking at HERO MOTOCORP’s financial statement over the past five years, it’s clear that the company has had its ups and downs. Hero MotoCorp, the leading two-wheeler manufacturer in the nation, has demonstrated a dynamic financial performance over the years, as evidenced by the data presented in the table. Sales figures experienced fluctuations, with a peak of 34,158 units recorded in March 2023, indicating the company’s ability to attract customers and maintain its market presence. Despite facing economic challenges, Hero MotoCorp managed to maintain a steady stream of sales, showcasing its resilience and adaptability in the competitive two-wheeler market.
While sales figures fluctuated, Hero MotoCorp displayed a consistent performance in terms of operating profit. The company achieved an impressive operating profit of Rs 5,025 lakh in March 2019, demonstrating its operational efficiency and ability to generate revenue. This consistent profitability indicates Hero MotoCorp’s strong position in the industry and its capability to effectively manage costs and optimize its production and distribution processes.
Hero MotoCorp’s financial performance is further highlighted by its net profit and dividend payout. The company maintained a solid net profit over the years, with a peak of Rs 3,659 lakh in March 2020. This indicates the company’s ability to generate substantial earnings and create value for its shareholders. Moreover, Hero MotoCorp displayed a commitment to rewarding its shareholders by consistently paying dividends. The dividend payout percentage varied over the years, with a high of 82% in March 2022, showcasing the company’s focus on providing returns to its investors.
Overall, HERO MOTOCORP has shown some inconsistency in its financial performance over the past five years, but has managed to stay afloat despite economic challenges. It will be interesting to see how HERO MOTOCORP continues to perform in the future and what measures it takes to sustain its growth.
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The maximum share price target of Hero MotoCorp in 2026 is Rs. 5189.51
The maximum share price target of Hero MotoCorp in 2027 is Rs. 4411.09
The maximum share price target of Hero MotoCorp in 2028 is Rs. 7939.95
The maximum share price target of Hero MotoCorp in 2029 is Rs. 16309.90
The maximum share price target of Hero MotoCorp in 2030 is Rs. 18162.29
HERO MOTOCORP SHARE PRICE TARGET BY EXPERTS:
Emkay Global Financial has expressed a positive outlook on Hero MotoCorp and recommends purchasing the company’s stock, setting a target price of Rs 3380.
Motilal Oswal holds a positive view on Hero MotoCorp and has assigned a “buy” rating to the stock, accompanied by a target price of Rs 3100.
CONCLUSION: HERO MOTOCORP
HERO MOTOCORP has displayed a combination of good and negative trends in terms of revenue growth, expenses, and profit after tax over the course of the last five years, according to its financial statistics (PAT). The company’s profit margin and EPS have remained constant, although revenue growth and PAT have fluctuated. The company’s operating profit margin has been stable over the last two years despite a reduction in revenue growth and PAT.
Before making any investment decisions, investors may want to carry out additional research and analysis taking into account the current market environment and the company’s prior performance. While evaluating the company’s future prospects, it is advised to take into account additional elements such as market competition, industry trends, management stability, and general economic conditions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.