Hero MotoCorp LtdPosted by Large Cap India on February 12th, 2020 Hero MotoCorp Ltd (formerly Hero Honda) is the World`s single largest two-wheeler motorcycle manufacturer company based in India Hero Honda started its operations in 1984 as a joint venture between Hero Cycles (India) and Honda (Japan). Munjal family (Founders of Hero Cycles) and Honda group both owned 26% stake in the Company. In 2010, when Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda, and focused on its entirely owned subsidiary, Honda Motorcycle and Scooter India (HMSI). Pawan Munjal is the current chairman & M.D & CEO of Hero MotoCorp Ltd. The company has a good dividend track report and has consistently declared dividends for the last 5 years. For the quarter ended 31-12-2019, the company has reported a consolidated sale of Rs 7074.53 Crore, down -7.65 % from last quarter Sales of Rs 7660.27 Crore and down -10.87 % from last year same quarter Sales of Rs 7936.88 Crore Company has reported net profit after tax of Rs 880.13 Crore in latest quarter. As on 31-12-2019, the company has a total of 199,737,238 shares outstanding. CRISIL has reaffirmed its ratings on the debt programmes and bank loan facilities of Hero MotoCorp Limited (HMCL) at ‘CRISIL AAA/FAAA/Stable/CRISIL A1+’. The ratings continue to reflect a strong business risk profile because of a leadership position in the two-wheeler market in India, and a robust financial risk profile due to a large net worth, nominal debt, and substantial liquid surplus. If you find any mistake please contact the support@largecapindia.com. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned. Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you. For More Info : https://www.largecapindia.com Like it? Share it! More by this author |