Over the past one month we have seen a dramatic shift in the performance of the Indian equity indices.

Over the last three decades, the Company has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 MTPA in India and the USA. Its next phase of growth in India will take its total capacity to 38.5 MTPA by FY25. The Company’s manufacturing unit in Vijayanagar, Karnataka is the largest single-location steel plant in India with the current capacity of 12.5 MTPA, increasing to 19.5 MTPA by FY25.

The stock has increased by 311 per cent in the last 3 years.

The company has exhibited a commendable track record of achieving a strong return on equity (ROE) with an impressive three-year average ROE of 69.6 per cent.

Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 24.6 per cent in terms of profit, indicating a strong and consistent upward trajectory.

The company has maintained a respectable dividend payout of 65.5 per cent.

The stock has witnessed significant buying activity as it has surged more than 25 per cent in just one year.

The company has a strong track record of return on equity (ROE): ROE after three years is 29.4 per cent.

On the sales front, Hero MotoCorp sold more than 5.19 lakh units of motorcycles and scooters in May 2023.