June 16, 2024

Sharekhan’s analysis report on Hero MotoCorp

HMCL can construct up seller shares from Q4FY24 as inventories are regular on robust festive gross sales. A brand new premium product from the 440 CC platform would strengthen its premium picture.

Story continues under Commercial

Outlook

We preserve a Purchase with a revised value goal (PT) of Rs. 4579 on wholesome restoration in EBITDA margin, robust response to HD X 440, steady give attention to premiumisation, enlargement of its EV market and a possible revival in rural gross sales. Inventory trades at a P/E a number of of 16.1 and EV/EBITDA a number of of 10.2x its FY2026 estimates.

For all suggestions report, click on right here

Disclaimer: The views and funding suggestions expressed by funding consultants/broking homes/ranking businesses on moneycontrol.com are their very own, and never that of the web site or its administration. Moneycontrol.com advises customers to test with licensed consultants earlier than taking any funding choices.

Hero MotoCorp – 15 – 12 – 2023 – khan