Hero FinCorp Unlisted Share Description –
Hero FinCorp Ltd. is an Indian Non-Banking Financial Company (NBFC) established in December 1991, originally known as Hero Honda FinLease. The company operates across various sectors, including leasing, financing, and bill discounting. It also has a subsidiary, Hero Housing Finance, which focuses on housing loans.
The company offers a diverse range of financial products, including Used Car Financing, Loyalty and Open Market Personal Loans, Partnership Financing, Unsecured Business Loans, Inventory Funding, Supply Chain Financing, Construction Financing, Loans Against Property, and Loans for SMEs and Emerging Corporates.
The Two-Wheeler business is present at 1,000 dealerships at the end of FY 2024. Hero FinCorp services are available at over 4,500 touchpoints across more than 2,200 cities, towns, and villages, having serviced over 8 million customers as of November 2024. The team has enhanced its capacity to process up to 3,500 applications per month, including both EMI and no-EMI loans.
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Products & Services of Hero FinCorp
- Unsecured Business Loans
- Two-Wheeler Loans
- Pre-Owned Car Loan
- 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 approved its Initial Public Offering (IPO) of equity shares with a face value of INR 10 each, comprising a fresh issue of equity shares amounting to INR 2,100 crore and an Offer for Sale (OFS) of INR 1,568 crore by certain existing shareholders. The total capital to be raised through the IPO is INR 3,668 crore, as stated in the filing by Hero FinCorp. The funds from the fresh issue will be utilized to strengthen the company’s capital base for future lending activities.
- The company assets under management crossed the landmark of INR 50,000 crore, currently standing at INR 51,821 crore as of 31 March 2024, having grown 24% from last year.
- The company achieved the highest-ever disbursal of INR 34,463 Cr, up by 24%, further showcasing the financial progress.
- During the review period, receivables from financing activities, including the leasing portfolio, increased by 22.98%, rising from INR 37,800 crore in FY 2022-23 to INR 46,488 crore in FY 2023-24.
- The total income experienced a growth of 29.37%, moving from INR 6,032.93 crore in FY 2022-23 to INR 7,804.69 crore in FY 2023-24.
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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 2024 were as follows:
Hero FinCorp Board of Directors
- Mr. Abhimanyu Munjal, Joint MD & CEO
- Mrs. Renu Munjal, Non-Executive 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 |
| Share Price of Hero FinCorp | INR 1,995 per share |
| Market Cap | INR 25,398 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 as of 31 March 2024:
| 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 2022 | FY 2023 | FY 2024 |
| Revenue | 4,738.66 | 6,401.60 | 8,290.90 |
| Revenue Growth (%) | 10.77 | 35.09 | 29.51 |
| Expenses | 5,051.69 | 5,712.33 | 7,399.17 |
| Net income | (191.90) | 479.95 | 637.05 |
| Margin (%) | (4.05) | 7.50 | 7.68 |
| EBITDA Margin (%) | 32.64 | 44.81 | – |
| Debt/Equity | – | 4.09 | 4.66 |
| EPS | (15.07) | 37.67 | 49.94 |
| Dividend (per share) | 0.00 | 8.10 | 10.0 |
Hero FinCorp Annual Reports
Hero FinCorp Annual Report FY 2023 – 2024
Hero FinCorp Annual Report FY 2022 – 2023
Hero FinCorp Annual Report FY 2021 – 2022
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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 | 24.68 | 4.66 | 39.95 | 7.68 | 25,398 |
| Cholamandalam Investment & Finance | 25.9 | 7.38 | 26.4 | 17.85 | 1,01,590 |
| Bajaj Finance | 27.3 | 3.74 | 26.9 | 26.29 | 4,13,734 |
| Shriram Finance | 27.8 | 3.97 | 13.7 | 20.34 | 1,07,164 |
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 today was INR 1,995 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.
