Hero MotoCorp's Q3 Financial Results Show Positive Growth, Debt to Equity Ratio Remains Low

Debt to Equity Ratio - Annual: Highest at 0.01 in the last three years.Company's financial leverage is low.

Hero MotoCorp, a leading player in the Indian automobile industry, has recently announced its financial results for the quarter ending September 2024. The company, which is classified as a largecap in the industry, has shown positive performance in this quarter.

According to the financial data, Hero MotoCorp's operating cash flow has been consistently growing in the last three years, with the highest amount of Rs 4,923.07 crore generated annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

In terms of operating profit, Hero MotoCorp has achieved its highest quarterly figure of Rs 1,536.09 crore in the last five quarters. This trend is expected to continue in the near future, as the company's operating profit margin has also improved to 14.65% in the same period.

However, there are some areas that need improvement for Hero MotoCorp. The company's cash and cash equivalents have decreased in the last six half yearly periods, indicating a deterioration in short term liquidity. Additionally, the debt to equity ratio has reached its highest level in the last three years, although it is still considered low.

Overall, the financial results for the quarter ending September 2024 show a positive trend for Hero MotoCorp. However, investors are advised to hold their stocks, as recommended by MarketsMOJO.