Benefits

Dashboard

See Price & Plans

Not registered yet? Get a free account.

Hero Cycles Limited
Location
People
Financials
- Financial Highlights
- Balance Sheet
- Profit & Loss
- Ratios
Charges
Network
T. Score
Registered Details

Get this company's details upto March 2023. FREE access. Sign up now!

HERO CYCLES LIMITED

www.herocycles.com

All Companies ›

Punjab ›

Manufacturing of Motor Vehicles ›

HERO CYCLES LIMITED

Active

Updated: 24 Oct 2024

The company manufactures and sells bicycles. The company offers bicycles and accessories for ladies, gents, girls, boys, and kids

Hero Cycles Limited, is an unlisted public company incorporated on 29 August, 1966. It is classified as a public limited company and is located in Ludhiana, Punjab. It's authorized share capital is INR 40.00 cr and the total paid-up capital is INR 39.48 cr.

Industry and products

Manufacture of motor vehicles, trailers and others

boys, gents, and kids., bicycles and accessories for ladies, girls

Company size

Auth Capital

₹ 40.0 Cr

Paidup Capital

₹ 39.5 Cr

Revenue

₹ 1500-1750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2023 numbers.

Total Revenue

-10.82%

₹ GET PRO

EBITDA

323.07%

₹ GET PRO

Net Profit

449.06%

₹ GET PRO

Networth

8.77%

₹ GET PRO

Borrowings

-8.14%

₹ GET PRO

Assets

0.51%

₹ GET PRO

Gross Margin

2.18

GET PRO %

Operating Margin

2.38

GET PRO %

Net Profit Margin

8.1

GET PRO %

Return on Equity

7.33

GET PRO %

ROCE

7.13

GET PRO %

Debt to Equity

-0.03

GET PRO

Sales

Mar 2023

Net worth

Mar 2023

Buy Report or Plans

Dashboards

Popular Plan

Company dashboard

₹ 449
- Five year financials and ratios
- Risk analysis
- Interactive charts

View subscriptions and buy credits

MCA Fillings

All financials

₹ 349
- All financials
- All annual returns
- MoA and AoA
1 Year

₹ 249
- Latest financials
- Latest annual return
- MoA and AoA

PDF Reports

Financial report

₹ 799
- Five year financials and ratios
- Shareholding and group structure
- Litigation and more
Due diligence report

₹ 2999
- Everything in financial report
- Peers and financials

* GST not included

** Reports & MCA filings will be based on the latest available financials.

Locations

India (18)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Shashi Kant Rai	00002954	39 years
Director	Pankaj Munjal Shareholder	00005330	19 years
Director	Tarun Vohra Shareholder	00030470	6 years
Director	Freyan Jamshed Desai	00965073	1 years
Whole-time Director	Aditya Munjal Shareholder	05349407	6 years
Director	Abhishek Munjal Shareholder	05355274	6 years
Kmp	Bikash Jain	<HIDDEN>	1 years

Financial Highlights

Financials upto March 2023 available in Tofler Pro

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Operating profit	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Net profit	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Gross margin	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Operating margin	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Net margin	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Networth
Borrowings	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Debt to equity	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Current ratio	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
ROE	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Days payable	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
WC days	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

Financials upto March 2023 available in Tofler Pro

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Reserves	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Borrowings +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Long term borrowings	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Short term borrowings	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Trade payables +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Days payable	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other liabilities +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other non-current liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other current liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Total liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Fixed Assets +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Tangible assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
CWIP	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Intangible assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
LT loans and advances	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other non-current assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Current assets +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Inventories	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Trade receivables	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Cash and cash equivalents	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
ST loans and advances	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other current assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Total assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Reserves	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Borrowings +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Long term borrowings	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Short term borrowings	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Trade payables	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other liabilities +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other non-current liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other current liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Total liabilities	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Fixed Assets +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Tangible assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
CWIP	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Intangible assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
LT loans and advances	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other non-current assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Current assets +	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Inventories	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Trade receivables	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Cash and cash equivalents	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
ST loans and advances	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Other current assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO
Total assets	GET PRO	GET PRO	GET PRO	GET PRO	GET PRO

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	39.9	39.9	39.9	39.5	39.5
Reserves	1,127.1	1,262.1	1,402.4	1,452.7	1,343.1
Borrowings +	644.6	630.9	651.2	935.9	795.9
Long term borrowings	119.8	157.7	301.5	262.4	340.2
Short term borrowings	524.8	473.2	349.7	673.5	455.7
Trade payables +	264.4	206.9	341.1	530.9	340.7
Days payable	63.0	54.0	76.0	90.0	95.0
Other liabilities +	535.7	458.0	669.5	751.8	571.6
Other non-current liabilities	24.6	53.0	53.6	50.6	25.8
Other current liabilities	246.7	198.1	274.8	170.3	205.2
Total liabilities	2,347.2	2,390.9	2,762.9	3,179.9	2,750.1
Fixed Assets +	945.8	751.2	894.2	934.9	707.5
Tangible assets	734.8	549.9	587.2	780.3	557.5
CWIP	99.7	86.8	190.7	38.1	21.8
Intangible assets	111.2	114.5	116.3	116.5	128.2
LT loans and advances	19.1	42.5	45.2	32.7	6.4
Other non-current assets	311.3	532.6	478.3	526.3	611.3
Current assets +	1,071.2	1,064.6	1,345.2	1,685.9	1,424.9
Inventories	232.8	227.7	319.1	511.5	549.6
Trade receivables	347.1	313.5	338.6	517.0	320.4
Cash and cash equivalents	114.7	125.9	148.4	70.2	107.8
ST loans and advances	13.2	19.4	10.1	7.6	3.8
Other current assets	363.4	378.0	528.9	579.7	443.3
Total assets	2,347.2	2,390.9	2,762.9	3,179.9	2,750.1

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	1.7	1.67	1.44	1.24	1.44
Reserves	48.02	52.79	50.76	45.68	48.84
Borrowings +	27.46	26.39	23.57	29.43	28.94
Long term borrowings	5.1	6.6	10.91	8.25	12.37
Short term borrowings	22.36	19.79	12.66	21.18	16.57
Trade payables	11.26	8.65	12.35	16.7	12.39
Other liabilities +	22.82	19.16	24.23	23.64	20.79
Other non-current liabilities	1.05	2.22	1.94	1.59	0.94
Other current liabilities	10.51	8.29	9.94	5.35	7.46
Total liabilities
Fixed Assets +	40.29	31.42	32.36	29.4	25.73
Tangible assets	31.31	23.0	21.25	24.54	20.27
CWIP	4.25	3.63	6.9	1.2	0.79
Intangible assets	4.74	4.79	4.21	3.66	4.66
LT loans and advances	0.81	1.78	1.64	1.03	0.23
Other non-current assets	13.26	22.28	17.31	16.55	22.23
Current assets +	45.63	44.53	48.69	53.02	51.81
Inventories	9.92	9.52	11.55	16.08	19.98
Trade receivables	14.79	13.11	12.26	16.26	11.65
Cash and cash equivalents	4.89	5.27	5.37	2.21	3.92
ST loans and advances	0.56	0.81	0.37	0.24	0.14
Other current assets	15.48	15.81	19.14	18.23	16.12
Total assets

Total assets

Charges on assets

Bank wise

Charges

ICICI Bank Limited

No. of Loans: 2

Total Amount : 449.5 cr

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 225.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 2

Total Amount : 130.0 cr

Charge Holder	Amount	Date of creation/modification
IndusInd Bank Limited	200.0 cr	27 Aug, 2024
ICICI Bank Limited	11.5 cr	30 Mar, 2024
IndusInd Bank Limited	25.0 cr	29 Feb, 2024
ICICI Bank Limited	438.0 cr	31 Jul, 2023
Kotak Mahindra Bank Limited	60.0 cr	22 Jun, 2023
Kotak Mahindra Bank Limited	70.0 cr	16 Jun, 2023

Charges

ICICI Bank Limited

IndusInd Bank Limited

Kotak Mahindra Bank Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
G V MEDITECH PRIVATE LIMITED	Active	80.0 L	1	Delhi
NIMBUA GREENFIELD (PUNJAB) ASSOCIATION	Active	1.5 Cr	1	Punjab
SAKS MANAGEMENT ADVISORY SERVICES PRIVATE LIMITED	Active	15.0 L	1	Punjab
ADA EXPO AND EVENTS PRIVATE LIMITED	Strike Off	1.0 L	1	Punjab
LUDHIANA ADVANCED CENTRE FOR CYCLE TECHNOLOGY	Active	32.0 L	2	Punjab
HMC E-VALLEY PRIVATE LIMITED	Active	265.0 Cr	4	Punjab
BHAGYODAY INVESTMENTS PVT LTD	Active	25.0 L	3	Punjab
HERO ASSOCIATES LIMITED	Strike Off	5.0 L	1	Delhi
LECTRO E-MOBILITY PRIVATE LIMITED	Active	1.0 L	2	Haryana
PRAGATI TYRES PRIVATE LIMITED	Active	10.1 L	1	Punjab
UT BIKES PRIVATE LIMITED	Active	8.1 Cr	2	Punjab
MUNJAL KIRIU INDUSTRIES PRIVATE LIMITED	Active	7.8 Cr	1	Haryana
ZF HERO CHASSIS SYSTEMS PRIVATE LIMITED	Active	14.9 Cr	2	Haryana
FIREFOX BIKES PRIVATE LIMITED	Active	80.0 L	3	Haryana
HERO MOTORS LIMITED	Active	378.4 Cr	2	Punjab
C J INTERNATIONAL HOTELS LIMITED	Active	9.0 Cr	1	Delhi
INTEGRA CAPITAL LIMITED	Active	4.7 Cr	1	Delhi
INTEGRA SECURITIES PRIVATE LIMITED	Active	1.8 Cr	1	Delhi
BAKED FILMS LLP	Active	2.0 Cr	1	Delhi
STERIPLAST PRIVATE LIMITED	Active	1.0 Cr	1	Delhi
GULMARG HOLDINGS PRIVATE LIMITED	Active	9.0 L	1	Maharashtra
STERIPLATE PVT LTD.	Active	8.9 L	1	Delhi
TROPICANA ENTERPRISES PRIVATE LIMITED	Active	2.0 Cr	1	Delhi
FALSHAJAM INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED	Active	20.0 L	1	Delhi
EXPO LEASING PRIVATE LIMITED	Active	24.9 L	1	Delhi
FLEUR HOTELS PRIVATE LIMITED	Active	97.8 Cr	1	Delhi
RANPHARM INVESTMENTS PRIVATE LIMITED	Active	1.0 L	1	Delhi
STERI MOULD PRIVATE LIMITED	Active	1.0 L	1	Delhi
STERI SHEETS PRIVATE LIMITED	Active	1.0 L	1	Delhi
CANARY HOTELS PRIVATE LIMITED	Active	50.1 Cr	1	Delhi
LEMON TREE HOTELS LIMITED	Active	792.2 Cr	1	Delhi
DIVITAS CAPITAL PRIVATE LIMITED	Active	1.0 L	1	Delhi
FLEUR HOTELS LIMITED	Active	97.8 Cr	1
HERO GLOBAL DESIGN PRIVATE LIMITED	Active	18.6 Cr	1	Haryana
MUNJAL INSURANCE SERVICES PRIVATE LIMITED	Strike Off	1.0 L	1	Delhi
HERO FINANCIAL SERVICES PRIVATE LIMITED	Active	5.0 Cr	1	Haryana
MUNJAL HOSPITALITY PRIVATE LIMITED	Active	508.0 Cr	1	Haryana
HERO PBG CYCLES PRIVATE LIMITED	Active	1.0 Cr	2	Haryana
BFLY HOSPITALITY VENTURES PRIVATE LIMITED	Active	3.5 Cr	1	Delhi
HERO TRANSMISSION PRIVATE LIMITED	Active	1.0 L	1	Delhi
MUNJAL BROTHERS PRIVATE LIMITED	Strike Off	1.0 L	1	Delhi
HERO CYCLES GROUP PRIVATE LIMITED	Active	1.0 L	2	Punjab
SPUR TECHNOLOGIES PRIVATE LIMITED	Active	30.8 Cr	1	Haryana
HYM DRIVE SYSTEMS PRIVATE LIMITED	Active	32.0 Cr	1	Punjab
HERO EDU SYSTEMS PRIVATE LIMITED	Active	1.0 Cr	1	Uttar Pradesh
OMA PRIVATE LIMITED	Active	10.0 Cr	1	Haryana

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
FIREFOX BIKES PRIVATE LIMITED	Haryana	2004	₹ 80.0 L
HMC E-VALLEY PRIVATE LIMITED	Punjab	2020	₹ 265.0 Cr
HERO PBG CYCLES PRIVATE LIMITED	Haryana	2007	₹ 1.0 Cr
Hero Transmission Private Limited	India	-	-
UT BIKES PRIVATE LIMITED	Punjab	1988	₹ 8.1 Cr
SPUR TECHNOLOGIES PRIVATE LIMITED	Haryana	2014	₹ 30.8 Cr
Hero International B.V.	Netherlands	-	-

Tofler Score

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U35911PB1966PLC002667

PAN

AAACH4073P

Incorporation

1966, 58.7 years

Company Email

legal@hmcgroup.in

Paid up Capital

₹ 39.5 Cr

Authorised Capital

₹ 40.0 Cr

AGM

Dec 2023

Type

Public

Non-government Company

FAQ - HERO CYCLES LIMITED

What is the incorporation date of HERO CYCLES LIMITED?

The incorporation date of HERO CYCLES LIMITED is 29 August, 1966

What is the authorized share capital of HERO CYCLES LIMITED?

The authorized share capital of HERO CYCLES LIMITED is INR ₹ 40.0 Cr.

What is the paid-up capital of HERO CYCLES LIMITED?

The paid-up capital of HERO CYCLES LIMITED is INR ₹ 39.5 Cr.

What is the registered address of HERO CYCLES LIMITED?

The registered address of HERO CYCLES LIMITED is HERO NAGARG T ROAD LUDHIANA Ludhiana Punjab - 000000

What is the CIN number of HERO CYCLES LIMITED?

The CIN number of HERO CYCLES LIMITED is U35911PB1966PLC002667.

Smart Suggestions

Top Blog Post

Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

HERO CYCLES LIMITED

Leave site?

Buy Dashboard using Credits

Just a Quick Check!

Buy Report or Plans

Dashboards

Company dashboard

View subscriptions and buy credits

MCA Fillings

All financials

1 Year

PDF Reports

Financial report

Due diligence report

Locations

Locations on Map

Filter (4)

Select Tags

Choose Location

People

Financial Highlights

Margins

Balance Sheet

Total assets

Charges on assets

Charges

Company Network