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. While the stocks of other two-wheeler companies have given double-digit returns in the trailing three-year period, the stock of Hero MotoCorp has underperformed every one of them.
From high raw material costs, erratic monsoon to disruption in supply chain, Hero MotoCorp has been facing multiple headwinds. Once these abate, will the market again re-rate the stock?Hero MotoCorp is the largest two-wheeler manufacturer in the world based on volumes. The company manufactures motorcycles and scooters in six plants in India, one in Columbia and one in Bangladesh. It sold 49.44 lakh units in FY22. According to the FY21 annual
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