Hero MotoCorp Ltd Share: There is good news for the investors of Hero MotoCorp Ltd (NSE: HEROMOTOCO), the country’s largest two-wheeler manufacturer. The company has had a big success in the case of old tax.
Let us tell you, that ITAT has ruled in favor of Hero MotoCorp Ltd in the case of tax demand of Rs 2336.71 crore. This tax was demanded from the two-wheeler manufacturer for the assessment of 2011-12.
The Delhi bench of ITAT (Income tax appellate tribunal) handed down this ruling on the 24th of July. At the same time, the information about this decision was shared by the company on July 25.
Today The Company’s Share Rose
The company’s share opened with a slight increase in BSE. But in a short time, the company’s share reached the level of Rs 5444.05.
The company’s share was trading at the level of Rs 5434.65 with a gain of 0.56 percent at 9.21 minutes. Let us inform you that the 52-week high of Hero MotoCorp Ltd in BSE is at 5894.30 rupees. The 52-week low level is Rs 2889.40.
In the last year, the company’s share price has seen a rise of 72 percent. At the same time, this stock has increased by 21.90 percent in 6 months.
What’s The Matter?
The whole issue is connected with the joint venture with Honda. Hero Group bought a 26 percent stake in Honda in March 2011.
Hero Group had bought 5.19 crore shares of Hero Honda through Hero Investment Private Limited. Hero had paid Rs 3841.83 crore to Honda at the rate of Rs 739 per share for this 26 percent stake.
The outstanding tax of this entire deal was also paid. Let us tell you, at present Hero and Honda are working as two separate and independent units in the Indian market.
Hero MotoCorp Ltd shared information about receiving a notice of tax demand of Rs 2336.71 crore in January 2019.
Hero MotoCorp Has Received A Notice
The Income Tax Department has demanded tax of Rs 605 crore from Hero MotoCorp Ltd for the assessment year 2013 to 2014 assessment year 2017 to 2018 and financial year 2019 to 2020.
Hero MotoCorp Stock Performance
| Current Price | ₹ 5,475 |
| 52-wk High | ₹ 5,895 |
| 52-wk Low | ₹ 2,889 |
| 5 Days Return | 0.57% |
| 1 Month Return | 0.57% |
Key Fundamentals Parameters
| Market Cap | ₹ 1,09,471 Cr. |
| Stock P/E | 29.0 |
| Book Value | ₹ 885 |
| Dividend | 2.12 % |
| ROCE | 29.1 % |
| ROE | 22.0 % |
| Face Value | ₹ 2.00 |
| P/B Value | 6.10 |
| OPM | 13.8 % |
| EPS | ₹ 187 |
| Debt | ₹ 606 Cr. |
| Debt to Equity | 0.03 |
Hero MotoCorp Shareholding Pattern
| Promoters Holding | |
| June 2023 | 34.78% |
| Sept 2023 | 34.76% |
| Dec 2023 | 34.76% |
| Mar 2024 | 34.76% |
| Jun 2024 | 34.76% |
| FII Holding | |
| Jun 2023 | 28.10% |
| Sep 2023 | 26.80% |
| Dec 2023 | 28.34% |
| Mar 2024 | 28.93% |
| Jun 2024 | 29.87% |
| DII Holding | |
| Jun 2023 | 27.28% |
| Sep 2023 | 29.14% |
| Dec 2023 | 28.09% |
| Mar 2024 | 27.76% |
| Jun 2024 | 26.87% |
| Public Holding | |
| Jun 2023 | 9.85% |
| Sep 2023 | 9.30% |
| Dec 2023 | 8.80% |
| Mar 2024 | 8.55% |
| Jun 2024 | 8.49% |
Hero MotoCorp Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 29,254 Cr |
| 2021 | ₹ 30,959 Cr |
| 2022 | ₹ 29,551 Cr |
| 2023 | ₹ 34,158 Cr |
| 2024 | ₹ 37,789 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 3,659 Cr |
| 2021 | ₹ 2,936 Cr |
| 2022 | ₹ 2,329 Cr |
| 2023 | ₹ 2,800 Cr |
| 2024 | ₹ 3,742 Cr |
Conclusion
This article provides a detail guide about Hero MotoCorp Ltd share.
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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