Last updated on July 4, 2024
Hero FinCorp Unlisted Share Description – Hero FinCorp Limited (HFCL) is an Indian Non-Banking Financial Company (NBFC), having was founded in December 1991. Hero FinCorp, earlier known as Hero Honda FinLease Ltd., conducts business in a variety of industries, including leasing, financing, and bills discounting. Hero Housing Finance Limited is a subsidiary of Hero FinCorp Limited.
They provide unsecured business loans, retail loans, corporate loans, loyalty loans for two-wheelers, personal loans, used cars, commercial loans, loans against assets, and funding for inventory and working capital.
The Two-Wheeler business is present at 900 dealerships at the end of FY 2023. Hero FinCorp services are now available at over 4,100+ touch points across 2,000 cities, towns & villages, and have serviced over 7.5 million customers as of 31 March 2023. The team has built a capacity to process 3,000 applications including EMI and no EMI loans in a month.
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Products & Services of Hero FinCorp
- Unsecured Business Loans
- Two-Wheeler Loans
- Car Financing
- Loyalty Personal Loan
- Inventory Funding
- Loan Against Property
- Loans to SMEs and Emerging Corporates
- Bill Discounting or Invoice Discounting
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Key Highlights –
- The company has considered and approved the Initial Public Offering (IPO) of the equity shares of face value of INR 10 each comprising of a fresh issue of equity shares aggregating up to INR 4,000 crore and an Offer for Sale of Equity Shares by certain existing and eligible shareholders of the company,” said Hero FinCorp in a filing.
- In FY 2023, a total of over 1 million Two-wheeler loans were disbursed (8.78 Lakh in FY 2022) amounting to a total active customer base of around 2.5 million and an asset book of approx INR 8,631 crores.
- In FY 2023, INR 7,572 crores worth of loans were disbursed during the year under review. The company closed the year with an impressive SME and corporate asset book of INR 12,538 crores.
- On a consolidated basis, HFCL’s assets under management stood at INR 41,497 crores as of 31 March 2023.
- HFCL’s Asset Under Management (AUM) grew 25% from INR 30,228 crore in FY 2021-22 to INR 37,800 crore in FY 2022 -23. Its total income demonstrated growth of 34% from INR 4,491 crore in FY 2021-22 to INR 6,033 crore in FY 2022-23.
- After sustaining losses in FY 2022, the company swung back to profits in FY 2023 on the back of high revenues.
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Hero FinCorp Credit Rating:
HFCL believes that its credit rating and strong brand equity enable it to borrow funds at competitive rates. The credit rating details of the company as of 31 March 2023 were as follows:
Hero FinCorp Board of Directors
- Mr. Abhimanyu Munjal, Joint MD & CEO
- Mrs. Renu Munjal, Managing Director
- Mr. Pawan Munjal, Chairman & Director
- Mr. Paramdeep Singh, Independent Director
- Mr. Amar Raj Bindra, Independent Director
- Mr. Sanjay Kukreja, Independent Director
- Mr. Pradeep Dinodia, Independent Director
- Ms. Anuranjita Kumar, Independent Director
Hero FinCorp Unlisted Share Details
| Name | Hero FinCorp Unlisted Share Details |
| Face Value | INR 10 per share |
| ISIN Code | INE957N01016 |
| Lot Size | 25 shares |
| Demat Status | NSDL, CDSL |
| Hero FinCorp Unlisted Share Price | INR 2,050 per share |
| Market Cap | INR 26,098 crores |
| Total number of shares | 12,73,06,674 shares |
| Website | www.herofincorp.com |
Hero FinCorp Unlisted Share Details – Shareholding Pattern
The details of shareholders holding more than 5% of shares:
| Shareholder Name | % to Holding | No. of shares |
| Promoters’ Holding | 79.54 | 10,12,56,432 |
| Non – Promoters’ Holding | 20.46 | 2,60,50,242 |
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Hero FinCorp Unlisted Share Details – Financial Performance
| Particulars | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 4,278.08 | 4,738.66 | 6,401.60 | 8,290.9 |
| Revenue Growth (%) | 12.59 | 10.77 | 35.09 | 29.51 |
| Expenses | 4,262.45 | 5,051.69 | 5,712.33 | 4,235.9 |
| Net income | 51.62 | (191.90) | 479.95 | 637.1 |
| Margin (%) | 1.21 | (4.05) | 7.50 | 7.68 |
| EBITDA Margin (%) | 44.48 | 32.64 | 44.81 | – |
| Debt/Equity | – | – | 6.98 | 7.22 |
| EPS | 4.22 | (15.07) | 37.67 | 50.04 |
| Dividend (per share) | 1.0 | 0.00 | 8.10 | 10.0 |
Hero FinCorp Annual Reports
Hero FinCorp Annual Report FY 2022 – 2023
Hero FinCorp Annual Report FY 2021 – 2022
Hero FinCorp Annual Report FY 2020 – 2021
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Hero FinCorp Unlisted Share Peer Comparison
| Company | 3-yr Sales CAGR (%) | Debt/ Equity | PE Ratio | Net Margin (%) | MCap (INR crore) |
| Hero FinCorp | 24.7 | 7.22 | 40.97 | 7.68 | 26,098 |
| Cholamandalam Investment & Finance | 25.9 | 6.86 | 35.0 | 17.87 | 1,19,480 |
| Bajaj Finance | 27.3 | 3.84 | 30.5 | 26.29 | 4,41,270 |
| Shriram Finance | 27.8 | 3.99 | 14.4 | 20.34 | 1,06,426 |
Hero FinCorp Unlisted Share FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is Hero FinCorp unlisted share price?
Hero FinCorp share price in July 2024 was INR 2,050 per share. Shares are purchased in lots of 25 shares.
Who determines Hero FinCorp unlisted share price?
Hero FinCorp share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
