Hero Fin Corp has released a very strong set of numbers this year. The company has reported Revenue growth of 50% and PAT growth of 84% YoY basis.
Hero FinCorp (
an associate company of Hero MotoCorp), is an Indian Non-Banking Financial Company (NBFC). The company is currently engaged in consumer finance businesses and commercial lending. Consumer Finance includes financing Hero MotoCorp Two Wheeler, Loyalty Customer Loans (top-up loans for existing customers) and providing Loans against the property.
On the commercial lending side, it provides Indian corporates with a wide portfolio of financing products which include working capital loans, machine loans among others.
During the year the company has issued 15,751,300 Equity shares under Right Issue at Rs. 740 per share in the ratio of 4 Equity Shares for every 25 Equity shares.
The Net Worth of the company as on 31.03.2019 stands at 3661.51 Cr up by 62% from the last year. The book value of Hero-Fin Corp for FY18-19 stands at 321 per share.
The EPS for FY19 stands at 25.92 per share which is up by 60% YoY basis.
So, at Unlisted Zone, we feel that the company has shown an excellent set of numbers and it is poised at a very reasonable valuation of P/B of 3x-4x in the unlisted market to grab.
For Buying and Selling Hero Fin Corp you can drop us an email at
sales@unlistedzone.com or can watsapp at 08010009625.
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