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- Indian - automobiles
- HERO MOTOCORP - BAJAJ AUTO
HERO MOTOCORP vs BAJAJ AUTO - Comparison Results
Current Valuations
| HERO MOTOCORP | BAJAJ AUTO | HERO MOTOCORP/ BAJAJ AUTO |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 22.3 | 33.6 | 66.2% | View Chart |
| P/BV | x | 5.4 | 9.2 | 59.2% | View Chart |
| Dividend Yield | % | 2.9 | 0.8 | 345.9% |
Financials
 HERO MOTOCORP  BAJAJ AUTO |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| HERO MOTOCORP Mar-24 |
BAJAJ AUTO Mar-24 |
HERO MOTOCORP/ BAJAJ AUTO |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 4,980 | 9,285 | 53.6% | |
| Low | Rs | 2,374 | 3,890 | 61.0% | |
| Sales per share (Unadj.) | Rs | 1,890.2 | 1,607.2 | 117.6% | |
| Earnings per share (Unadj.) | Rs | 187.2 | 276.1 | 67.8% | |
| Cash flow per share (Unadj.) | Rs | 217.1 | 289.2 | 75.1% | |
| Dividends per share (Unadj.) | Rs | 140.00 | 80.00 | 175.0% | |
| Avg Dividend yield | % | 3.8 | 1.2 | 313.5% | |
| Book value per share (Unadj.) | Rs | 883.0 | 1,033.7 | 85.4% | |
| Shares outstanding (eoy) | m | 199.92 | 279.18 | 71.6% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 1.9 | 4.1 | 47.5% | |
| Avg P/E ratio | x | 19.6 | 23.9 | 82.3% | |
| P/CF ratio (eoy) | x | 16.9 | 22.8 | 74.3% | |
| Price / Book Value ratio | x | 4.2 | 6.4 | 65.3% | |
| Dividend payout | % | 74.8 | 29.0 | 258.1% | |
| Avg Mkt Cap | Rs m | 735,057 | 1,839,090 | 40.0% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 21,541 | 16,270 | 132.4% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 377,886 | 448,704 | 84.2% | |
| Other income | Rs m | 8,668 | 14,765 | 58.7% | |
| Total revenues | Rs m | 386,554 | 463,469 | 83.4% | |
| Gross profit | Rs m | 48,988 | 89,887 | 54.5% | |
| Depreciation | Rs m | 5,990 | 3,648 | 164.2% | |
| Interest | Rs m | 764 | 604 | 126.5% | |
| Profit before tax | Rs m | 50,902 | 100,400 | 50.7% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 13,480 | 23,318 | 57.8% | |
| Profit after tax | Rs m | 37,422 | 77,082 | 48.5% | |
| Gross profit margin | % | 13.0 | 20.0 | 64.7% | |
| Effective tax rate | % | 26.5 | 23.2 | 114.0% | |
| Net profit margin | % | 9.9 | 17.2 | 57.6% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 103,155 | 117,984 | 87.4% | |
| Current liabilities | Rs m | 70,484 | 90,912 | 77.5% | |
| Net working cap to sales | % | 8.6 | 6.0 | 143.3% | |
| Current ratio | x | 1.5 | 1.3 | 112.8% | |
| Inventory Days | Days | 142 | 242 | 58.7% | |
| Debtors Days | Days | 3 | 2 | 150.5% | |
| Net fixed assets | Rs m | 171,160 | 275,453 | 62.1% | |
| Share capital | Rs m | 400 | 2,792 | 14.3% | |
| "Free" reserves | Rs m | 176,133 | 285,806 | 61.6% | |
| Net worth | Rs m | 176,533 | 288,598 | 61.2% | |
| Long term debt | Rs m | 0 | 7,592 | 0.0% | |
| Total assets | Rs m | 274,315 | 393,437 | 69.7% | |
| Interest coverage | x | 67.7 | 167.3 | 40.4% | |
| Debt to equity ratio | x | 0 | 0 | 0.0% | |
| Sales to assets ratio | x | 1.4 | 1.1 | 120.8% | |
| Return on assets | % | 13.9 | 19.7 | 70.5% | |
| Return on equity | % | 21.2 | 26.7 | 79.4% | |
| Return on capital | % | 29.3 | 34.1 | 85.8% | |
| Exports to sales | % | 3.9 | 31.8 | 12.1% | |
| Imports to sales | % | 2.5 | 2.7 | 93.4% | |
| Exports (fob) | Rs m | 14,571 | 142,530 | 10.2% | |
| Imports (cif) | Rs m | 9,609 | 12,218 | 78.6% | |
| Fx inflow | Rs m | 14,571 | 142,530 | 10.2% | |
| Fx outflow | Rs m | 14,815 | 12,218 | 121.3% | |
| Net fx | Rs m | -244 | 130,312 | -0.2% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 49,231 | 65,582 | 75.1% | |
| From Investments | Rs m | -18,279 | -3,437 | 531.8% | |
| From Financial Activity | Rs m | -27,166 | -61,674 | 44.0% | |
| Net Cashflow | Rs m | 3,786 | 3,188 | 118.7% | |
Share Holding
| Indian Promoters | % | 34.8 | 54.8 | 63.4% | |
| Foreign collaborators | % | 0.0 | 0.2 | - | |
| Indian inst/Mut Fund | % | 56.5 | 23.1 | 245.0% | |
| FIIs | % | 29.6 | 14.3 | 206.6% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 65.3 | 45.0 | 145.1% | |
| Shareholders | 761,259 | 269,698 | 282.3% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
More on Hero Motocorp vs Bajaj Auto
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
Hero Motocorp vs Bajaj Auto Share Price Performance
| Period | Hero Motocorp | Bajaj Auto | S&P BSE AUTO |
|---|---|---|---|
| 1-Day | 0.47% | -0.38% | 1.65% |
| 1-Month | -7.43% | -8.56% | -4.97% |
| 1-Year | 40.37% | 64.57% | 37.53% |
| 3-Year CAGR | 22.09% | 40.10% | 27.47% |
| 5-Year CAGR | 14.45% | 24.61% | 24.20% |
* Compound Annual Growth Rate
Here are more details on the Hero Motocorp share price and the Bajaj Auto share price.
Moving on to shareholding structures...
The promoters of Hero Motocorp hold a 34.8% stake in the company. In case of Bajaj Auto the stake stands at 55.0%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Hero Motocorp and the shareholding pattern of Bajaj Auto.
Finally, a word on dividends...
In the most recent financial year, Hero Motocorp paid a dividend of Rs 140.0 per share. This amounted to a Dividend Payout ratio of 74.8%.
Bajaj Auto paid Rs 80.0, and its dividend payout ratio stood at 29.0%.
You may visit here to review the dividend history of Hero Motocorp, and the dividend history of Bajaj Auto.
For a sector overview, read our automobiles sector report.
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