DSIJ Mindshare

With this capacity addition, its total capacity would surge to 840 KLPD. The total Capex for the same is estimated to Rs 320 crore for which, Rs 220 crore would be borrowed from banks and the remaining Rs 100 will be arranged via internal sources.

EBITDA margin for the quarter stood at 15.3 per cent vs 11.4 per cent in Q2FY20. This improved operational performance was supported by cost rationalisation measures implemented, which is expected to continue, going forward.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, sold 8,06,848 units of motorcycles & scooters in October 2020, which is its highest-ever sales in any single month. Continuing its growth momentum, the company reported a robust sales growth of 35 per cent in October 2020 with total sales of 5,99,248 units. A positive turnaround in

In recent management commentary, the company added that they plan to spend as much as Rs 1,500 crore over the next couple of months. The aim is to expand its production capacity.

Now, the most important question is, whether one should consider this as a buying opportunity at this juncture. It is currently trading just 0.20 times of its FY20 sales. Hence, from a valuations’ perspective, the stock may look cheaper but still, a few market participants are in wait & watch mode.