(i) Hero FinCorp Limited (HFCL) was incorporated in 1991 as Hero Honda FinLease Limited, due to change in the ownership of its parent, Hero MotoCorp Limited (Formerly known as Hero Honda Motors Limited), the company changed its name to Hero FinCorp Limited.
(ii) HFCL is engaged in the business of financing, leasing, bill discounting and other financial services. HFCL has a wholly-owned subsidiary – Hero Housing Finance Limited which is engaged in the business of providing housing loans.
(iii) In 2020, HFCLs retail business is present at 938 dealership and services are available at more than 4000 touch points spread across more than 1900+ cities, towns and villages. HFCL’s loan against Property, SME and Emerging Corporate Business is operating out of 50 locations on the non-retail segment and processes more than 800 applications every month.
(iv) Subsidiary of Hero FinCorp:
The Company has one wholly-owned subsidiary company viz. Hero Housing Finance Limited (“HHFL”). HHFL had started its lending operations from April 2018. It is an all-inclusive housing finance company providing hassle-free home loans PAN India which includes the following products to its customers: (i) Home Loans, (ii) Loan Against Property, etc.
HHFL has shown tremendous growth and touched loans of INR 556.75 crore during the first year of its operation in FY19.
During the year, Hero-Fin Corp had invested INR 200 crore in HHFL by subscribing to 20,00,00,000 equity shares of the face value of INR 10 each on rights basis.
(i) The Hero Motorcorp Limited (HMCL) holds 41.03% stake in Hero-Fin Corp.
(ii) Hero-Fin Corp’s revenue and net profit have grown by 47.85% and 49.01% over the past three years.
(iii) Hero-Fin Corp’s capital adequacy ratio is well above the RBI norm of 15% and stands at 19.03%.
(iv) ICRA and CRISIL Limited has assigned ratings for the various facilities availed by the company as AA+.
(v) Hero-Fin Corp derives financial, operational, managerial support from Group HMCL (Group HMCL includes Group investment companies and individual promoters).
(vi) Hero-Fin Corp has a strong presence of institutional investors like Credit Suisse (Singapore) Limited which holds 2.58% in the company and ChrysCapital which holds 10.56% stake in the company.
(i) In FY20, Hero-Fin Corp has become India’s No.1 two-wheeler financing company.
(ii) In FY19-20, Hero-Fin Corp has crossed a milestone of covering 50 Lakhs customers, network at 2000 locations, and registered a growth of 40% in loan disbursement as compared to last year.
(iii) Hero-Fin Corp has disbursed 17827 Crores of loans in FY19-20.
(iv) Total AUM as on 31.03.2020 stands at 25182 Crores.
(v) PAT at 310 Crores up by 16% as compared to 268 Crores last year.
(vi) Employees strength as on 31.03.2020 stands at over 7500.
(vii) Hero-Fin Corp has recommended a final dividend of Rs. 2.55/- per equity share for the financial year ended March 31, 2020.
1. Net Interest Income: The net interest income increased by 38% from ₹2,563 crore in FY22 to ₹3,546 crore in FY23. This growth suggests an improvement in interest-earning assets or an increase in interest spreads.
2. Other Income: The other income also witnessed a 38% increase, rising from ₹492 crore in FY22 to ₹680 crore in FY23. This growth may be attributed to factors such as fee income, commissions, or gains from non-core business activities.
3. Total Income: The total income of Hero-Fin Corp grew by 38.3% from ₹3,055 crore in FY22 to ₹4,226 crore in FY23. This significant increase indicates a robust performance in generating revenue from both interest and non-interest sources.
4. Operating Cost: The operating cost experienced a substantial increase of 54.3% from ₹1,374 crore in FY22 to ₹2,121 crore in FY23. This rise suggests higher expenses related to operational activities, such as expansion, inflation, or increased administrative costs.
5. Profit Before Provisioning: The profit before provisioning increased by 25.2%, rising from ₹1,681 crore in FY22 to ₹2,105 crore in FY23. This growth indicates an improvement in the company’s profitability before accounting for provisions.
6. Provisioning: The provisioning decreased by 33% from ₹1,800 crore in FY22 to ₹1,200 crore in FY23. This reduction indicates a decrease in the amount set aside for potential loan losses or contingencies, which could be a positive sign for improved credit quality or risk management.
7. Profit After Provisioning: The profit after provisioning turned around from a loss of ₹119 crore in FY22 to a profit of ₹905 crore in FY23. This significant improvement indicates the positive impact of reduced provisions on the company’s overall profitability.
8. Profit After Tax (PAT): The profit after tax (PAT) also displayed a substantial improvement, increasing from a loss of ₹194 crore in FY22 to a profit of ₹457 crore in FY23. This positive swing indicates a significant recovery in the company’s bottom line.
Overall, Hero-Fin Corp demonstrated strong financial performance in FY23 compared to FY22, with significant increases in net interest income, other income, total income, and profitability. The decrease in provisioning and the turnaround from losses to profits after provisioning are positive indicators, suggesting improved asset quality and risk management.
Hero FinCorp unlisted share price has gone up a lot in the past year, from Rs.980 to Rs.1060. Most of this shift up has happened in the last month. Profit after tax (PAT) and non-performing assets (NPAs) both went down, which is why the stock price went up.
Hero-Fin Corp has been able to show significant growth in its revenue, which has no doubt helped build investor trust and get the attention of the market. This growth shows that the business operations of the company have been going well, leading to more sales and a better overall financial situation. Positive sales numbers are often seen as a sign of a healthy and growing business, which makes investors happy and drives up the share price.
In the current unlisted market, the price of Hero-Fin Corp is Rs.1050 per share. The Book value of Hero-Fin Corp as of 31.03.2023 is Rs.415 per share. So, P/B is 2.35x which looks reasonably priced.
Total Available Shares: | 4000 |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE957N01016 |
Lot Size: | 25 Shares |
Current Unlisted Share Price: | ₹ 1060 Per Equity Share |
Particulars(Cr) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Total Revenue | 771 | 1332 | 1691 | 2492 | 3663 | 4046 | 4441 | 6448 |
Revenue Growth % | 158 | 72 | 26% | 47% | 46% | 10% | 10% | 34% |
Profit/Loss Before Tax (PBT) | 124 | 200 | 215 | 413 | 480 | 90 | -256 | 735 |
Profit/Loss After Tax (PAT) | 81 | 130 | 145 | 268 | 310 | 71 | -194 | 480 |
PAT Growth % | 145 | 60 | 24.57 | 84% | 16% | -77% | -373% | 38% |
Earnings per share (EPS) | 12.11 | 15.38 | 15.63 | 25.97 | 27 | 5.78 | -15.24 | 37.7 |
Other Highlights | ||||||
Particulars(in Crs) | FY17-18 | FY18-19 | FY19-20 | FY20-21 | FY21-22 | FY22-23 |
Equity Capital | 98.45 | 114.15 | 114.81 | 127.31 | 127.31 | 12.73 |
Net Worth | 2251 | 3661 | 4527 | 5042 | 4838 | 5248 |
Book Value Per Share | 228 | 321 | 394 | 396 | 380 | 412 |
Face Value (In Rs.) | 10 | 10 | 10 | 10 | 10 | 10 |
Dividend | 28% | 42.50% | 25% | 10% | - | - |
Particulars (in Cr) | FY23 | FY22 | % Change |
Net Interest Income | 3546 | 2563 | 38% |
Other Income | 680 | 492 | 38% |
Total Income | 4226 | 3055 | 38.3% |
Operating Cost | 2121 | 1374 | 54.3% |
Profit Before Provisioning | 2105 | 1681 | 25.2% |
Provisioning | 1200 | 1800 | -33% |
Profit After Provisioning | 905 | -119 | 860% |
PAT | 457 | -194 | 335% |
Please find below the procedure for buying Hero Fincorp Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Hero Fincorp Limited Unlisted Shares at UnlistedZone.
Lock-in period of Hero Fincorp Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Hero Fincorp Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Hero Fincorp Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Hero Fincorp Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Hero Fincorp Limited Unlisted Shares Instantly?
The Hero Fincorp Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Hero Fincorp Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."
We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Hero Fincorp Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Hero Fincorp Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Hero Fincorp Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.
You must be logged in to post a comment.
Umesh Paliwal
Non-banking finance company Hero FinCorp, an associate company of Hero MotoCorp, India’s largest two-wheeler manufacturer, could be looking at an initial public offer (IPO) after having successfully closed a funding round of ₹2,000 crore recentlyHero M.
HeroMotoCorp and US-based private equity major Apollo Management participated in the latest fund-raising round of Hero FinCorp.
If Hero FinCorp goes ahead with the listing, it will make the company the only second entity from the Hero group to get listed on the stock exchanges.
shanoon
I want to buy share what is current price
Market Wizard
6M FY21 Results:
https://dyvmwwyqozzzb.cloudfront.net/main/HERO-FINCORP-RESULTS.pdf
arc01y2k
what’s the current price?
Market Wizard
FY19-20 Annual Results PDF Format:
https://www.herofincorp.com/sites/default/files/HFCL_Financial_Results_31March2020.pdf
Market Wizard
FY19-20 Excellent Results given by Hero-Fin Corp. Please find below the link for the detailed analysis.
https://dyvmwwyqozzzb.cloudfront.net/main/Annual-Results-Analysis-of-Hero-Fin-Corp-28.05.2020.pdf
Jaideep Singh
Kindly qoute price plz for hero fincorp
Market Wizard
Hero Fin corp is available at 1115 per share.
PRE IPO SHARES
* Hero Corp was in talks W/Analjit Singh to buy his part stake in Max Fin
* Hero Corp’s inability to tie-up funding, likely roadblock for the deal. Hero unable to find a partner yet to buy Singh’s partial hldg in Max Fin
* Exclusivity timeline between Hero corp & Max Fin ends on Feb 8, 2020
* Singh looking to sell partial stake in Max Fin to Deleverage his pledged position
* Analjit Singh likely to restart talks with Axis bank for a possible deal
* Max Fin & Axis Bank had a preliminary meeting on possible engagement
* Max Fin, Hero Corp, Analjit Singh, Axis Bank yet to reply to CNBC-TV18’s query
Market Wizard
Hero Fin corp Private placement:
https://unlistedzone.com/private-placement-by-hero-fin-corp-valuing-company-at-rs-820-per-share-04-01-2020/
Market Wizard
Hero-fin corp 3-4 years back was trading at Rs.150. The current market price of Hero-Fin Corp is 925. This shows the kind of return the company has given in the past 3-4 years.
Market Wizard
https://unlistedzone.com/hero-motocorp-board-clears-rs-450-cr-investment-in-hero-fincorp-ltd-06-11-2019/
Market Wizard
Half-Yearly Results Analysis-2019-20:
https://unlistedzone.com/excellent-half-yearly-results-shown-by-hero-fin-corp/
Market Wizard
FY18-19 Results of Hero-fIn Corp
https://dyvmwwyqozzzb.cloudfront.net/main/Audited-Financial-Results-FY-18-19.pdf
In FY18-19, the company has formed a subsidiary as Hero Housing Finance Limited. The results of which can be tracked at
https://www.herofincorp.com/sites/default/files/Hero%20Housing%20Finance%20Limited%20Balance%20Sheet%20-%20March%2031,%202019.pdf
Market Wizard
Equity Shares issued by Hero-Fin Corp to Investors
https://unlistedzone.com/equity-shares-issued-by-hero-fin-corp-to-investors-in-last-4-years-10-09-2019/