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Hero Cycles Limited (India)

Main Activities: Cycles, Including Parts
Full name: Hero Cycles Limited Profile Updated: November 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Hero Cycles Ltd. is a company located in Ludhiana, India. It was established in 1956 by the late Shri Om Prakash Munjal. With an annual manufacturing capacity of over 7.5 million cycles, Hero Cycles is the leading bicycle manufacturer in India, holding a market share of over 43 percent. The company has expanded its operations by establishing the 380-acre Hero Industrial Park in Ludhiana, which aims to deliver export-standard products to the domestic market. Hero Cycles has also ventured into the European market and the electric and premium cycle markets through the acquisitions of Avocet Sports, HNF, and Firefox Bikes respectively.

Legal Address
Hero Nagarg T Road Ludhiana
Ludhiana; Punjab; Postal Code: 000000

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Website: http://www.herocycles.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 29, 1966
Key Executives
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Promoter Director
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Promoter Director
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Independent Director
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Independent Director
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Whole Time Director
Ownership Details
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2.93%
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0.22%
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0.22%
Subsidiaries
Firefox Bikes Private Limited
100%
Hero Transmission Private Limited
100%
Hmc E-Valley Private Limited
100%
Company Performance
Financial values in the chart are available after Hero Cycles Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
-40.1%
Total operating revenue
-34.14%
Operating profit (EBIT)
1286.1%
EBITDA
49.95%
Net Profit (Loss) for the Period
-83.11%
Total assets
-12.88%
Total equity
-7.06%
Operating Profit Margin (ROS)
2.55%
Net Profit Margin
-0.91%
Return on Equity (ROE)
-2.09%
Debt to Equity Ratio
-5.35%
Quick Ratio
-0%
Cash Ratio
0.06%

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