Hero Fincorp Limited Unlisted Shares
(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 loan.
(iii) In 2019, HFCLs retail business is present at 946 dealership and services are available at more than 3100 touch points spread across more than 1700+ cities, towns and villages. HFCL’s loan against Property, SME and Emerging Corporate Business is operating out of 33 locations on the non-retail segment and processes more than 800 applications every month.
(iv) Subsidiary of Hero-Fin Corp:
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 20,00,00,000 equity shares of the face value of INR 10 each on rights basis.
Key Highlights of 2019
(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.
Hero Fincorp Limited Unlisted Shares Details:
| Total Available Shares: | 4000 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE957N01016 |
| Lot Size: | 50 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
Financials of Hero Fincorp Limited Unlisted Shares:
| Particulars(Cr) | 2015-2016 | 2016-2017 | 2017-2018 | 2018-19 |
| Total Revenue | 771.38 | 1332.69 | 1691 | 2492 |
| Revenue Growth % | 158.64 | 72.77 | 26% | 47% |
| Profit/Loss Before Tax (PBT) | 124.76 | 200.62 | 215 | 413 |
| Profit/Loss After Tax (PAT) | 81.5 | 130.41 | 145 | 268 |
| PAT Growth % | 145.85 | 60.01 | 24.57 | 84% |
| Earnings per share (EPS) | 12.11 | 15.38 | 15.63 | 25.97 |
| Other Highlights | ||
| Particulars(in Crs) | FY17-18 | FY18-19 |
| Equity Capital | 98.45 | 114.15 |
| Net Worth | 2251 | 3661 |
| Book Value Per Share | 228 | 321 |
| Face Value (In Rs.) | 10 | 10 |
| Dividend | 28% | 42.50% |
| Particulars(Cr) | 6M FY19 | 6MFY18 | 12MFY18-19 |
| Total Revenue | 1668 | 1078 | 2492 |
| Expense | 1438 | 947 | 2078 |
| Profit/Loss Before Tax (PBT) | 244 | 130 | 413 |
| Profit/Loss After Tax (PAT) | 163.56 | 82.42 | 267 |
| Earnings per share (EPS) | 14.41 | 8.32 | 25.97 |
Hero Fin corp Private placement:
https://unlistedzone.com/private-placement-by-hero-fin-corp-valuing-company-at-rs-820-per-share-04-01-2020/
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.
https://unlistedzone.com/hero-motocorp-board-clears-rs-450-cr-investment-in-hero-fincorp-ltd-06-11-2019/
Half-Yearly Results Analysis-2019-20:
https://unlistedzone.com/excellent-half-yearly-results-shown-by-hero-fin-corp/
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
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/