Hero Honda
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Hero Honda
Hero Honda– At a glance.
o Company started in 1984 through JV between India’s Hero Group and Honda Motor Company Japan
o Largest Manufacturer Of Two Wheelers in the world (from 2001)
o Market Leader in the domestic two wheeler segment
o Recently the JV ended with Honda selling stake to Hero Group
Common Size Balance SheetBalance Sheet Item 2009 2010
Sources of Funds
Shareholders Fund
Share Capital 1% 1.1%
Reserve & Surplus 93.3% 92.8%
Loan Funds 1.9% 1.8%
Deferred Tax Liabilities 3.8% 4.3%
Total 100% 100%
Application of Funds
Fixed Assets 42.1% 46.2%
Investments 83.5% 106.4%
Deferred Tax Assets 0.2% 0.2%
Net Current Assets -25.8% -52.8%
Total 100% 100%
Data Source: Annual Report 2010
COST PIE-2009
81%
4%2%
3%3%2% 3%2%
Materials Consumed
Payments & Provisions for Employee's
Expenses for Manufacturing, Administration & Selling
Packing, Forwarding, Freight
Royalty
Advertisement & Publicity
Other Expenses & Provisions
Depreciation
Data Source: Annual Report 2010
COST PIE-2010
81%
4%2%
3%3% 3% 3% 1%
Materials Consumed
Payments & Provisions for Employee's
Expenses for Manufacturing, administration & Selling
Packing, Forwarding, Freight
Royalty
Advertisement & Publicity
Other Expenses & Provisions
Depreciation
Data Source: Annual Report 2010
Profitability Ratio’s
Ratio 2009 2010
Return On Capital Employed
43.39 % 76.64 %
Return On Shareholder’s Worth
33.72 % 64.41 %
Return on Equity 3209.21 % 5587.95 %
Operating Profit Ratio 15.67 % 19.05 %
Net Profit margin 14.46 % 17.96 %
Earning Per Share 64.19 111.77
Price Earning Ratio
Liquidity Ratio’s
Ratio 2009 2010
Debt-Equity 0.02 0.019
Current Ratio 0.49 0.59
Quick Ratio 0.334 0.51
Interest Coverage (60.93) (145.61)
Turnover Ratio’s
Ratio 2009 2010
Total Assets 3.17 times 4.46 times
Fixed Assets 7.27 times 9.23 times
Working Capital (11.85) times (8.08) times
Inventory Turnover 37.69 times 36.11 times
Market Price
Data Source: moneycontrol.com
Interpretation
THANK YOU
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