Stock price of Hero Moto: Will Street rerate Hero Moto stock after headwinds subside?

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Based on volume, Hero MotoCorp is currently the largest two-wheeler manufacturer worldwide. It manufactures scooters and motorcycles at six factories in India, Columbia and Bangladesh. It sold 49.44 Lakh units in FY22.

Synopsis

In the past three years, Hero MotoCorp has been India’s only listed two-wheeler stock that has given its shareholders single-digit returns. The stocks of two-wheeler companies in India have returned double-digit returns over the three-year trailing period, but Hero MotoCorp’s stock has outperformed all of them.

Hero MotoCorp has faced multiple headwinds, including high raw material costs and disruptions in the supply chain. Will the stock be rerated once these problems are over? Hero MotoCorp, based on its volume, is the largest two-wheeler maker in the world. The company produces scooters and bikes in six plants in India and Columbia. One plant is in Bangladesh. It sold 49.44 Lakh units in FY22. According to the FY21 Annual

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