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Hero MotoCorp Limited
Buy, Hold or Sell?

Let's analyse Hero MotoCorp Limited together

PenkeI guess you are interested in Hero MotoCorp Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Hero MotoCorp Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Hero MotoCorp Limited (30 sec.)










What can you expect buying and holding a share of Hero MotoCorp Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR4.80
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR838.97
Expected worth in 1 year
INR994.67
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR555.34
Return On Investment
11.8%

For what price can you sell your share?

Current Price per Share
INR4,722.30
Expected price per share
INR3,926 - INR4,725
How sure are you?
50%

1. Valuation of Hero MotoCorp Limited (5 min.)




Live pricePrice per Share (EOD)

INR4,722.30

Intrinsic Value Per Share

INR-545.26 - INR1,168.64

Total Value Per Share

INR293.71 - INR2,007.61

2. Growth of Hero MotoCorp Limited (5 min.)




Is Hero MotoCorp Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$2b$1.9b$94.3m4.7%

How much money is Hero MotoCorp Limited making?

Current yearPrevious yearGrowGrow %
Making money$337.1m$278m$59.1m17.5%
Net Profit Margin8.2%8.0%--

How much money comes from the company's main activities?

3. Financial Health of Hero MotoCorp Limited (5 min.)




4. Comparing to competitors in the Auto Manufacturers industry (5 min.)




  Industry Rankings (Auto Manufacturers)  


Richest
#51 / 122

Most Revenue
#39 / 122

Most Profit
#35 / 122

What can you expect buying and holding a share of Hero MotoCorp Limited? (5 min.)

Welcome investor! Hero MotoCorp Limited's management wants to use your money to grow the business. In return you get a share of Hero MotoCorp Limited.

What can you expect buying and holding a share of Hero MotoCorp Limited?

First you should know what it really means to hold a share of Hero MotoCorp Limited. And how you can make/lose money.

Speculation

The Price per Share of Hero MotoCorp Limited is INR4,722. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Hero MotoCorp Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Hero MotoCorp Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR838.97. Based on the TTM, the Book Value Change Per Share is INR38.93 per quarter. Based on the YOY, the Book Value Change Per Share is INR21.76 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR99.91 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Hero MotoCorp Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps1.690.0%1.690.0%1.390.0%1.820.0%1.800.0%
Usd Book Value Change Per Share0.470.0%0.470.0%0.260.0%0.570.0%0.710.0%
Usd Dividend Per Share1.200.0%1.200.0%1.140.0%1.170.0%1.060.0%
Usd Total Gains Per Share1.670.0%1.670.0%1.410.0%1.730.0%1.760.0%
Usd Price Per Share28.17-28.17-27.53-28.09-31.60-
Price to Earnings Ratio16.71-16.71-19.80-16.01-17.98-
Price-to-Total Gains Ratio16.91-16.91-19.58-16.52-18.36-
Price to Book Ratio2.80-2.80-2.87-3.09-5.10-
Price-to-Total Gains Ratio16.91-16.91-19.58-16.52-18.36-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share56.6676
Number of shares17
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share1.201.17
Usd Book Value Change Per Share0.470.57
Usd Total Gains Per Share1.671.73
Gains per Quarter (17 shares)28.3229.42
Gains per Year (17 shares)113.29117.69
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
182321037938108
21636421615977226
324595329238115344
4326127442317154462
5408159555396192580
6489191668476231698
7571222781555269816
8652254894634307934
973428610077133461052
1081531811207933841170

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%18.02.00.090.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.00.01.095.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.01.00.095.0%

Fundamentals of Hero MotoCorp Limited

About Hero MotoCorp Limited

Hero MotoCorp Limited manufactures and sells motorized two wheelers, spare parts, and related services in India, Asia, Central and Latin America, and Africa and Middle East. It offers motorcycles and scooters. The company provides engines, as well as related parts and accessories. The company was formerly known as Hero Honda Motors Ltd. and changed its name to Hero MotoCorp Limited in July 2011. Hero MotoCorp Limited was incorporated in 1984 and is based in New Delhi, India.

Fundamental data was last updated by Penke on 2024-03-23 10:56:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Hero MotoCorp Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Hero MotoCorp Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • A Net Profit Margin of 8.2% means that ₹0.08 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Hero MotoCorp Limited:

  • The MRQ is 8.2%. The company is making a profit. +1
  • The TTM is 8.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.2%TTM8.2%0.0%
TTM8.2%YOY8.0%+0.2%
TTM8.2%5Y9.9%-1.6%
5Y9.9%10Y10.1%-0.3%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ8.2%4.6%+3.6%
TTM8.2%4.2%+4.0%
YOY8.0%3.1%+4.9%
5Y9.9%2.7%+7.2%
10Y10.1%2.9%+7.2%
1.1.2. Return on Assets

Shows how efficient Hero MotoCorp Limited is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • 11.7% Return on Assets means that Hero MotoCorp Limited generated ₹0.12 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Hero MotoCorp Limited:

  • The MRQ is 11.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 11.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ11.7%TTM11.7%0.0%
TTM11.7%YOY10.3%+1.4%
TTM11.7%5Y14.6%-2.8%
5Y14.6%10Y18.5%-3.9%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ11.7%1.0%+10.7%
TTM11.7%1.1%+10.6%
YOY10.3%0.8%+9.5%
5Y14.6%0.7%+13.9%
10Y18.5%0.7%+17.8%
1.1.3. Return on Equity

Shows how efficient Hero MotoCorp Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • 16.9% Return on Equity means Hero MotoCorp Limited generated ₹0.17 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Hero MotoCorp Limited:

  • The MRQ is 16.9%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 16.9%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.9%TTM16.9%0.0%
TTM16.9%YOY14.6%+2.3%
TTM16.9%5Y20.7%-3.8%
5Y20.7%10Y28.2%-7.5%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ16.9%3.0%+13.9%
TTM16.9%2.8%+14.1%
YOY14.6%2.4%+12.2%
5Y20.7%2.1%+18.6%
10Y28.2%2.2%+26.0%

1.2. Operating Efficiency of Hero MotoCorp Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Hero MotoCorp Limited is operating .

  • Measures how much profit Hero MotoCorp Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • An Operating Margin of 11.6% means the company generated ₹0.12  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Hero MotoCorp Limited:

  • The MRQ is 11.6%. The company is operating less efficient.
  • The TTM is 11.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.6%TTM11.6%0.0%
TTM11.6%YOY9.6%+2.0%
TTM11.6%5Y11.9%-0.3%
5Y11.9%10Y13.3%-1.3%
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ11.6%6.0%+5.6%
TTM11.6%2.8%+8.8%
YOY9.6%4.4%+5.2%
5Y11.9%3.9%+8.0%
10Y13.3%3.8%+9.5%
1.2.2. Operating Ratio

Measures how efficient Hero MotoCorp Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • An Operation Ratio of 0.90 means that the operating costs are ₹0.90 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Hero MotoCorp Limited:

  • The MRQ is 0.901. The company is less efficient in keeping operating costs low.
  • The TTM is 0.901. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.901TTM0.9010.000
TTM0.901YOY0.904-0.004
TTM0.9015Y0.890+0.011
5Y0.89010Y0.881+0.009
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9011.639-0.738
TTM0.9011.577-0.676
YOY0.9041.629-0.725
5Y0.8901.638-0.748
10Y0.8811.355-0.474

1.3. Liquidity of Hero MotoCorp Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Hero MotoCorp Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A Current Ratio of 1.57 means the company has ₹1.57 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Hero MotoCorp Limited:

  • The MRQ is 1.569. The company is able to pay all its short-term debts. +1
  • The TTM is 1.569. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.569TTM1.5690.000
TTM1.569YOY1.916-0.347
TTM1.5695Y1.833-0.263
5Y1.83310Y1.705+0.128
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5691.232+0.337
TTM1.5691.209+0.360
YOY1.9161.255+0.661
5Y1.8331.244+0.589
10Y1.7051.179+0.526
1.3.2. Quick Ratio

Measures if Hero MotoCorp Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • A Quick Ratio of 1.97 means the company can pay off ₹1.97 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Hero MotoCorp Limited:

  • The MRQ is 1.971. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.971. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.971TTM1.9710.000
TTM1.971YOY2.723-0.753
TTM1.9715Y2.419-0.448
5Y2.41910Y2.296+0.123
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9710.564+1.407
TTM1.9710.586+1.385
YOY2.7230.788+1.935
5Y2.4190.744+1.675
10Y2.2960.718+1.578

1.4. Solvency of Hero MotoCorp Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Hero MotoCorp Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Hero MotoCorp Limited to Auto Manufacturers industry mean.
  • A Debt to Asset Ratio of 0.30 means that Hero MotoCorp Limited assets are financed with 29.8% credit (debt) and the remaining percentage (100% - 29.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Hero MotoCorp Limited:

  • The MRQ is 0.298. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.298. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.298TTM0.2980.000
TTM0.298YOY0.288+0.010
TTM0.2985Y0.292+0.007
5Y0.29210Y0.328-0.037
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2980.636-0.338
TTM0.2980.632-0.334
YOY0.2880.627-0.339
5Y0.2920.632-0.340
10Y0.3280.621-0.293
1.4.2. Debt to Equity Ratio

Measures if Hero MotoCorp Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • A Debt to Equity ratio of 42.8% means that company has ₹0.43 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Hero MotoCorp Limited:

  • The MRQ is 0.428. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.428. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.428TTM0.4280.000
TTM0.428YOY0.409+0.019
TTM0.4285Y0.417+0.012
5Y0.41710Y0.502-0.085
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4281.787-1.359
TTM0.4281.798-1.370
YOY0.4091.718-1.309
5Y0.4171.893-1.476
10Y0.5021.856-1.354

2. Market Valuation of Hero MotoCorp Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Hero MotoCorp Limited generates.

  • Above 15 is considered overpriced but always compare Hero MotoCorp Limited to the Auto Manufacturers industry mean.
  • A PE ratio of 16.71 means the investor is paying ₹16.71 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Hero MotoCorp Limited:

  • The EOD is 33.614. Based on the earnings, the company is overpriced. -1
  • The MRQ is 16.709. Based on the earnings, the company is fair priced.
  • The TTM is 16.709. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD33.614MRQ16.709+16.905
MRQ16.709TTM16.7090.000
TTM16.709YOY19.796-3.088
TTM16.7095Y16.012+0.696
5Y16.01210Y17.976-1.964
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD33.6146.531+27.083
MRQ16.7095.781+10.928
TTM16.7096.010+10.699
YOY19.7966.056+13.740
5Y16.0128.647+7.365
10Y17.97614.215+3.761
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Hero MotoCorp Limited:

  • The EOD is 47.001. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 23.363. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 23.363. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD47.001MRQ23.363+23.638
MRQ23.363TTM23.3630.000
TTM23.363YOY29.898-6.535
TTM23.3635Y209.137-185.774
5Y209.13710Y119.723+89.414
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD47.0013.125+43.876
MRQ23.3632.612+20.751
TTM23.363-0.125+23.488
YOY29.8980.002+29.896
5Y209.1370.519+208.618
10Y119.7230.199+119.524
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Hero MotoCorp Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Manufacturers industry mean).
  • A PB ratio of 2.80 means the investor is paying ₹2.80 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Hero MotoCorp Limited:

  • The EOD is 5.629. Based on the equity, the company is overpriced. -1
  • The MRQ is 2.798. Based on the equity, the company is underpriced. +1
  • The TTM is 2.798. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD5.629MRQ2.798+2.831
MRQ2.798TTM2.7980.000
TTM2.798YOY2.868-0.070
TTM2.7985Y3.092-0.294
5Y3.09210Y5.102-2.010
Compared to industry (Auto Manufacturers)
PeriodCompanyIndustry (mean)+/- 
EOD5.6291.377+4.252
MRQ2.7981.423+1.375
TTM2.7981.508+1.290
YOY2.8681.641+1.227
5Y3.0921.672+1.420
10Y5.1022.346+2.756
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Hero MotoCorp Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--38.92538.9250%21.763+79%47.101-17%58.856-34%
Book Value Per Share--838.972838.9720%800.047+5%761.403+10%593.964+41%
Current Ratio--1.5691.5690%1.916-18%1.833-14%1.705-8%
Debt To Asset Ratio--0.2980.2980%0.288+3%0.292+2%0.328-9%
Debt To Equity Ratio--0.4280.4280%0.409+5%0.417+3%0.502-15%
Dividend Per Share--99.90999.9090%95.401+5%97.124+3%88.222+13%
Eps--140.488140.4880%115.889+21%151.314-7%150.256-7%
Free Cash Flow Per Share--100.472100.4720%76.732+31%113.596-12%111.943-10%
Free Cash Flow To Equity Per Share---6.882-6.8820%-22.073+221%5.278-230%11.546-160%
Gross Profit Margin--0.3370.3370%0.267+26%0.409-17%0.428-21%
Intrinsic Value_10Y_max--1168.639--------
Intrinsic Value_10Y_min---545.261--------
Intrinsic Value_1Y_max--118.006--------
Intrinsic Value_1Y_min--70.661--------
Intrinsic Value_3Y_max--353.873--------
Intrinsic Value_3Y_min--105.040--------
Intrinsic Value_5Y_max--588.917--------
Intrinsic Value_5Y_min--21.595--------
Market Cap944091660600.000+50%469503250212.750469503250212.7500%458651056300.000+2%468048675382.550+0%526411262301.275-11%
Net Profit Margin--0.0820.0820%0.080+3%0.099-17%0.101-19%
Operating Margin--0.1160.1160%0.096+21%0.119-2%0.133-12%
Operating Ratio--0.9010.9010%0.9040%0.890+1%0.881+2%
Pb Ratio5.629+50%2.7982.7980%2.868-2%3.092-10%5.102-45%
Pe Ratio33.614+50%16.70916.7090%19.796-16%16.012+4%17.976-7%
Price Per Share4722.300+50%2347.3502347.3500%2294.150+2%2340.940+0%2632.975-11%
Price To Free Cash Flow Ratio47.001+50%23.36323.3630%29.898-22%209.137-89%119.723-80%
Price To Total Gains Ratio34.014+50%16.90816.9080%19.581-14%16.519+2%18.358-8%
Quick Ratio--1.9711.9710%2.723-28%2.419-19%2.296-14%
Return On Assets--0.1170.1170%0.103+14%0.146-19%0.185-36%
Return On Equity--0.1690.1690%0.146+15%0.207-18%0.282-40%
Total Gains Per Share--138.834138.8340%117.164+18%144.225-4%147.079-6%
Usd Book Value--2013675600.0002013675600.0000%1919364000.000+5%1826840160.000+10%1425050760.000+41%
Usd Book Value Change Per Share--0.4670.4670%0.261+79%0.565-17%0.706-34%
Usd Book Value Per Share--10.06810.0680%9.601+5%9.137+10%7.128+41%
Usd Dividend Per Share--1.1991.1990%1.145+5%1.165+3%1.059+13%
Usd Eps--1.6861.6860%1.391+21%1.816-7%1.803-7%
Usd Free Cash Flow--241150800.000241150800.0000%184084800.000+31%272546400.000-12%268569000.000-10%
Usd Free Cash Flow Per Share--1.2061.2060%0.921+31%1.363-12%1.343-10%
Usd Free Cash Flow To Equity Per Share---0.083-0.0830%-0.265+221%0.063-230%0.139-160%
Usd Market Cap11329099927.200+50%5634039002.5535634039002.5530%5503812675.600+2%5616584104.591+0%6316935147.615-11%
Usd Price Per Share56.668+50%28.16828.1680%27.530+2%28.091+0%31.596-11%
Usd Profit--337195200.000337195200.0000%278025600.000+21%367699440.000-8%362239440.000-7%
Usd Revenue--4099005600.0004099005600.0000%3477316800.000+18%3741291120.000+10%3568539960.000+15%
Usd Total Gains Per Share--1.6661.6660%1.406+18%1.731-4%1.765-6%
 EOD+4 -4MRQTTM+0 -0YOY+30 -65Y+12 -2410Y+12 -24

3.2. Fundamental Score

Let's check the fundamental score of Hero MotoCorp Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1533.614
Price to Book Ratio (EOD)Between0-15.629
Net Profit Margin (MRQ)Greater than00.082
Operating Margin (MRQ)Greater than00.116
Quick Ratio (MRQ)Greater than11.971
Current Ratio (MRQ)Greater than11.569
Debt to Asset Ratio (MRQ)Less than10.298
Debt to Equity Ratio (MRQ)Less than10.428
Return on Equity (MRQ)Greater than0.150.169
Return on Assets (MRQ)Greater than0.050.117
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of Hero MotoCorp Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.279
Ma 20Greater thanMa 504,583.908
Ma 50Greater thanMa 1004,601.281
Ma 100Greater thanMa 2004,175.567
OpenGreater thanClose4,604.000
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets239,170,300
Total Liabilities71,364,000
Total Stockholder Equity166,555,700
 As reported
Total Liabilities 71,364,000
Total Stockholder Equity+ 166,555,700
Total Assets = 239,170,300

Assets

Total Assets239,170,300
Total Current Assets94,353,300
Long-term Assets144,817,000
Total Current Assets
Cash And Cash Equivalents 2,263,000
Short-term Investments 44,400,000
Net Receivables 27,431,800
Inventory 17,563,900
Other Current Assets 2,694,600
Total Current Assets  (as reported)94,353,300
Total Current Assets  (calculated)94,353,300
+/-0
Long-term Assets
Property Plant Equipment 57,627,900
Intangible Assets 8,501,200
Other Assets 1,530,600
Long-term Assets  (as reported)144,817,000
Long-term Assets  (calculated)67,659,700
+/- 77,157,300

Liabilities & Shareholders' Equity

Total Current Liabilities60,126,200
Long-term Liabilities11,237,800
Total Stockholder Equity166,555,700
Total Current Liabilities
Short-term Debt 3,277,800
Short Long Term Debt 2,931,500
Accounts payable 47,601,400
Other Current Liabilities 5,620,900
Total Current Liabilities  (as reported)60,126,200
Total Current Liabilities  (calculated)59,431,600
+/- 694,600
Long-term Liabilities
Long term Debt Total 2,397,600
Long term Debt 200,900
Capital Lease Obligations 2,543,000
Long-term Liabilities  (as reported)11,237,800
Long-term Liabilities  (calculated)5,141,500
+/- 6,096,300
Total Stockholder Equity
Common Stock399,700
Retained Earnings 138,627,900
Accumulated Other Comprehensive Income 27,035,900
Capital Surplus 492,200
Total Stockholder Equity (as reported)166,555,700
Total Stockholder Equity (calculated)166,555,700
+/-0
Other
Capital Stock399,700
Cash And Equivalents2,263,000
Cash and Short Term Investments 46,663,000
Common Stock Shares Outstanding 200,014
Current Deferred Revenue3,626,100
Liabilities and Stockholders Equity 239,170,300
Net Debt 3,412,400
Net Invested Capital 169,688,100
Net Working Capital 34,227,100
Property Plant and Equipment Gross 57,627,900
Short Long Term Debt Total 5,675,400



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-312004-03-31
> Total Assets 
26,635,800
32,971,400
38,780,100
42,439,700
50,735,700
60,851,400
85,230,900
108,446,900
98,889,200
96,416,500
101,215,800
106,543,500
126,717,000
153,120,000
173,967,300
185,043,600
196,740,700
230,960,900
224,783,900
239,170,300
239,170,300224,783,900230,960,900196,740,700185,043,600173,967,300153,120,000126,717,000106,543,500101,215,80096,416,50098,889,200108,446,90085,230,90060,851,40050,735,70042,439,70038,780,10032,971,40026,635,800
   > Total Current Assets 
5,089,900
5,545,300
8,212,400
9,132,700
9,367,800
10,134,900
28,825,800
15,045,700
48,309,600
50,776,100
55,582,800
53,797,200
60,869,100
75,705,100
90,022,300
84,132,100
86,492,000
113,704,800
105,722,200
94,353,300
94,353,300105,722,200113,704,80086,492,00084,132,10090,022,30075,705,10060,869,10053,797,20055,582,80050,776,10048,309,60015,045,70028,825,80010,134,9009,367,8009,132,7008,212,4005,545,3005,089,900
       Cash And Cash Equivalents 
371,200
176,000
1,587,200
357,800
1,310,900
2,195,700
19,072,100
715,200
768,200
1,349,500
687,400
1,545,000
1,042,000
1,054,200
1,637,100
2,430,400
3,785,300
3,471,500
1,810,200
2,263,000
2,263,0001,810,2003,471,5003,785,3002,430,4001,637,1001,054,2001,042,0001,545,000687,4001,349,500768,200715,20019,072,1002,195,7001,310,900357,8001,587,200176,000371,200
       Short-term Investments 
2,363,700
2,396,100
2,737,800
2,630,600
1,854,600
0
4,057,600
0
32,903,000
30,093,600
32,758,900
22,973,500
32,491,500
45,440,600
55,911,200
31,738,800
47,091,200
62,253,400
59,276,600
44,400,000
44,400,00059,276,60062,253,40047,091,20031,738,80055,911,20045,440,60032,491,50022,973,50032,758,90030,093,60032,903,00004,057,60001,854,6002,630,6002,737,8002,396,1002,363,700
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
10,723,700
17,612,800
12,820,700
17,349,400
20,186,100
34,436,900
19,205,400
27,292,700
29,901,300
27,431,800
27,431,80029,901,30027,292,70019,205,40034,436,90020,186,10017,349,40012,820,70017,612,80010,723,7000000000000
       Inventory 
1,882,000
2,042,600
2,265,500
2,755,800
3,171,000
3,268,300
4,364,000
5,249,300
6,755,700
6,367,600
6,695,500
8,613,900
7,619,900
7,085,800
9,626,800
12,495,300
12,823,200
17,892,700
14,724,100
17,563,900
17,563,90014,724,10017,892,70012,823,20012,495,3009,626,8007,085,8007,619,9008,613,9006,695,5006,367,6006,755,7005,249,3004,364,0003,268,3003,171,0002,755,8002,265,5002,042,6001,882,000
       Other Current Assets 
473,000
930,600
1,621,900
3,388,500
3,031,300
4,670,900
1,332,100
9,081,200
7,882,700
12,965,400
15,441,000
20,664,800
19,715,700
22,124,500
22,847,200
37,467,600
22,792,300
2,794,500
10,000
2,694,600
2,694,60010,0002,794,50022,792,30037,467,60022,847,20022,124,50019,715,70020,664,80015,441,00012,965,4007,882,7009,081,2001,332,1004,670,9003,031,3003,388,5001,621,900930,600473,000
   > Long-term Assets 
21,545,900
27,426,100
30,567,700
33,307,000
41,367,900
50,716,500
56,405,100
93,401,200
50,579,600
45,640,400
45,633,000
52,746,300
65,847,900
77,414,900
83,945,000
100,911,500
110,248,700
117,256,100
119,061,700
144,817,000
144,817,000119,061,700117,256,100110,248,700100,911,50083,945,00077,414,90065,847,90052,746,30045,633,00045,640,40050,579,60093,401,20056,405,10050,716,50041,367,90033,307,00030,567,70027,426,10021,545,900
       Property Plant Equipment 
21,545,900
27,426,100
30,567,700
33,307,000
41,367,900
16,942,500
16,499,000
17,506,600
17,431,400
19,538,500
27,521,100
35,700,600
42,378,000
48,815,300
50,104,100
51,773,500
62,358,600
60,276,700
57,539,000
57,627,900
57,627,90057,539,00060,276,70062,358,60051,773,50050,104,10048,815,30042,378,00035,700,60027,521,10019,538,50017,431,40017,506,60016,499,00016,942,50041,367,90033,307,00030,567,70027,426,10021,545,900
       Goodwill 
0
0
0
0
0
0
0
0
0
0
39,400
0
0
0
0
0
0
0
0
0
00000000039,4000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
8,300,500
8,211,500
10,295,100
15,223,100
20,781,200
29,399,500
0
0
0
0
000029,399,50020,781,20015,223,10010,295,1008,211,5008,300,5000000000000
       Intangible Assets 
0
0
0
0
0
0
0
24,547,600
0
11,792,200
3,459,800
1,014,200
4,516,600
5,451,700
5,501,000
5,930,500
6,284,000
8,478,500
9,568,600
8,501,200
8,501,2009,568,6008,478,5006,284,0005,930,5005,501,0005,451,7004,516,6001,014,2003,459,80011,792,200024,547,6000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
6,312,200
7,820,000
2,522,500
10,393,700
9,999,400
16,260,200
5,110,900
4,938,100
1,203,400
1,530,600
1,530,6001,203,4004,938,1005,110,90016,260,2009,999,40010,393,7002,522,5007,820,0006,312,2000000000000
> Total Liabilities 
15,247,700
18,037,600
18,686,800
17,739,100
20,873,300
22,843,900
50,580,700
78,886,300
55,990,900
46,354,100
44,980,900
40,958,100
46,654,000
49,291,100
53,320,600
52,678,400
51,271,900
75,364,800
64,836,900
71,364,000
71,364,00064,836,90075,364,80051,271,90052,678,40053,320,60049,291,10046,654,00040,958,10044,980,90046,354,10055,990,90078,886,30050,580,70022,843,90020,873,30017,739,10018,686,80018,037,60015,247,700
   > Total Current Liabilities 
12,600,500
15,004,700
15,628,000
14,791,600
13,249,800
20,528,200
48,314,100
61,447,500
43,414,400
41,706,800
44,236,200
39,862,300
41,721,000
41,766,900
44,813,600
44,091,800
42,790,700
65,045,300
55,176,300
60,126,200
60,126,20055,176,30065,045,30042,790,70044,091,80044,813,60041,766,90041,721,00039,862,30044,236,20041,706,80043,414,40061,447,50048,314,10020,528,20013,249,80014,791,60015,628,00015,004,70012,600,500
       Short-term Debt 
0
0
0
0
0
0
0
0
0
6,415,800
2,842,600
880,000
862,300
527,100
782,600
1,866,600
2,016,100
3,264,200
3,534,900
3,277,800
3,277,8003,534,9003,264,2002,016,1001,866,600782,600527,100862,300880,0002,842,6006,415,800000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
1,000,000
21,700
527,100
782,600
1,866,600
1,681,500
2,851,600
3,173,100
2,931,500
2,931,5003,173,1002,851,6001,681,5001,866,600782,600527,10021,7001,000,00000000000000
       Accounts payable 
6,390,900
6,718,000
40,400
37,500
7,837,700
7,030,300
11,114,400
14,268,000
22,931,700
18,733,400
22,910,100
28,549,300
27,917,000
32,662,000
33,752,600
34,382,400
31,276,200
52,641,800
43,430,900
47,601,400
47,601,40043,430,90052,641,80031,276,20034,382,40033,752,60032,662,00027,917,00028,549,30022,910,10018,733,40022,931,70014,268,00011,114,4007,030,3007,837,70037,50040,4006,718,0006,390,900
       Other Current Liabilities 
6,209,600
8,286,700
15,587,600
14,754,100
5,412,100
13,497,900
37,199,700
47,179,500
20,482,700
16,557,600
18,483,500
10,433,000
12,941,700
8,577,800
10,278,400
2,006,000
1,667,600
2,380,500
1,749,300
5,620,900
5,620,9001,749,3002,380,5001,667,6002,006,00010,278,4008,577,80012,941,70010,433,00018,483,50016,557,60020,482,70047,179,50037,199,70013,497,9005,412,10014,754,10015,587,6008,286,7006,209,600
   > Long-term Liabilities 
2,647,200
3,032,900
3,058,800
2,947,500
7,623,500
2,315,700
2,266,600
17,438,800
12,576,500
4,647,300
744,700
1,095,800
4,933,000
7,524,200
8,507,000
8,586,600
8,481,200
10,319,500
9,660,600
11,237,800
11,237,8009,660,60010,319,5008,481,2008,586,6008,507,0007,524,2004,933,0001,095,800744,7004,647,30012,576,50017,438,8002,266,6002,315,7007,623,5002,947,5003,058,8003,032,9002,647,200
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
1,459,800
2,079,000
1,496,300
1,248,400
2,516,400
2,576,000
2,516,800
2,397,600
2,397,6002,516,8002,576,0002,516,4001,248,4001,496,3002,079,0001,459,800000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
744,700
975,800
2,895,700
5,445,200
7,010,700
7,338,200
5,964,800
7,743,500
0
0
007,743,5005,964,8007,338,2007,010,7005,445,2002,895,700975,800744,7000000000000
> Total Stockholder Equity
11,388,100
14,933,800
20,093,300
24,700,600
29,862,400
38,007,500
34,650,200
29,560,600
42,898,300
50,062,400
56,226,400
65,400,000
79,526,800
103,155,100
119,714,600
131,204,100
144,062,800
154,164,200
158,466,500
166,555,700
166,555,700158,466,500154,164,200144,062,800131,204,100119,714,600103,155,10079,526,80065,400,00056,226,40050,062,40042,898,30029,560,60034,650,20038,007,50029,862,40024,700,60020,093,30014,933,80011,388,100
   Common Stock
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,400
399,500
399,500
399,600
399,600
399,700
399,700399,600399,600399,500399,500399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400399,400
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income 
-3,457,900
-4,297,100
-5,226,000
-6,351,000
-7,825,200
-9,425,600
-9,174,800
-10,544,600
-11,951,800
-13,563,100
-15,182,700
-17,855,700
-20,984,300
-24,760,400
-29,498,000
-34,236,600
-39,853,600
26,962,700
27,055,200
27,035,900
27,035,90027,055,20026,962,700-39,853,600-34,236,600-29,498,000-24,760,400-20,984,300-17,855,700-15,182,700-13,563,100-11,951,800-10,544,600-9,174,800-9,425,600-7,825,200-6,351,000-5,226,000-4,297,100-3,457,900
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
8,700
31,300
83,000
139,800
184,000
314,900
411,200
492,200
492,200411,200314,900184,000139,80083,00031,3008,700000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
14,446,600
18,831,500
24,919,900
30,652,200
37,288,200
47,033,700
43,425,600
10,544,600
54,450,700
32,826,300
36,932,500
42,080,600
47,742,200
51,540,100
56,343,100
61,188,100
-143,683,500
314,900
411,200
492,200
492,200411,200314,900-143,683,50061,188,10056,343,10051,540,10047,742,20042,080,60036,932,50032,826,30054,450,70010,544,60043,425,60047,033,70037,288,20030,652,20024,919,90018,831,50014,446,600



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue341,583,800
Cost of Revenue-239,440,300
Gross Profit102,143,500102,143,500
 
Operating Income (+$)
Gross Profit102,143,500
Operating Expense-68,179,700
Operating Income34,485,60033,963,800
 
Operating Expense (+$)
Research Development5,409,400
Selling General Administrative798,400
Selling And Marketing Expenses18,620,100
Operating Expense68,179,70024,827,900
 
Net Interest Income (+$)
Interest Income1,017,700
Interest Expense-1,048,800
Other Finance Cost-1,017,700
Net Interest Income-1,048,800
 
Pretax Income (+$)
Operating Income34,485,600
Net Interest Income-1,048,800
Other Non-Operating Income Expenses0
Income Before Tax (EBT)38,636,20030,335,000
EBIT - interestExpense = 38,636,200
38,736,800
29,148,400
Interest Expense1,048,800
Earnings Before Interest and Taxes (EBIT)39,685,00039,685,000
Earnings Before Interest and Taxes (EBITDA)46,658,900
 
After tax Income (+$)
Income Before Tax38,636,200
Tax Provision-10,637,200
Net Income From Continuing Ops27,999,00027,999,000
Net Income28,099,600
Net Income Applicable To Common Shares28,099,600
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses307,620,000
Total Other Income/Expenses Net4,150,6001,048,800
 

Technical Analysis of Hero MotoCorp Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Hero MotoCorp Limited. The general trend of Hero MotoCorp Limited is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Hero MotoCorp Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Hero MotoCorp Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 4,662 < 4,725.

The bearish price targets are: 4,349 > 4,117 > 3,926.

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Hero MotoCorp Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Hero MotoCorp Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Hero MotoCorp Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Hero MotoCorp Limited. The current macd is 19.15.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Hero MotoCorp Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Hero MotoCorp Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Hero MotoCorp Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Hero MotoCorp Limited Daily Moving Average Convergence/Divergence (MACD) ChartHero MotoCorp Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Hero MotoCorp Limited. The current adx is 16.66.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Hero MotoCorp Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Hero MotoCorp Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Hero MotoCorp Limited. The current sar is 4,457.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Hero MotoCorp Limited Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Hero MotoCorp Limited. The current rsi is 57.28. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Hero MotoCorp Limited Daily Relative Strength Index (RSI) ChartHero MotoCorp Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Hero MotoCorp Limited. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Hero MotoCorp Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Hero MotoCorp Limited Daily Stochastic Oscillator ChartHero MotoCorp Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Hero MotoCorp Limited. The current cci is 108.00.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Hero MotoCorp Limited Daily Commodity Channel Index (CCI) ChartHero MotoCorp Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Hero MotoCorp Limited. The current cmo is 19.66.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Hero MotoCorp Limited Daily Chande Momentum Oscillator (CMO) ChartHero MotoCorp Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Hero MotoCorp Limited. The current willr is -9.08792651.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Hero MotoCorp Limited Daily Williams %R ChartHero MotoCorp Limited Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Hero MotoCorp Limited.

Hero MotoCorp Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Hero MotoCorp Limited. The current atr is 128.63.

Hero MotoCorp Limited Daily Average True Range (ATR) ChartHero MotoCorp Limited Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Hero MotoCorp Limited. The current obv is 54,871,827.

Hero MotoCorp Limited Daily On-Balance Volume (OBV) ChartHero MotoCorp Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Hero MotoCorp Limited. The current mfi is 50.03.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Hero MotoCorp Limited Daily Money Flow Index (MFI) ChartHero MotoCorp Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Hero MotoCorp Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-02MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-12MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Hero MotoCorp Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Hero MotoCorp Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.279
Ma 20Greater thanMa 504,583.908
Ma 50Greater thanMa 1004,601.281
Ma 100Greater thanMa 2004,175.567
OpenGreater thanClose4,604.000
Total3/5 (60.0%)
Penke

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