Hero Fincorp Limited ()

1550 +0 (0%) 1Y
Price per Unit 1550
Minimum no. of Units 70
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Hero Fincorp Limited

DRHP Status : Not Filed

1550

Current Price 1550
Market Cap 23495 Cr
ISIN INE957N01016
Face Value 10
P/E Ratio 36.88
EPS 50.02
P/B Ratio 4.07
Book Value 454.72
Debt to Equity Ratio 7.38

P&L Statement

P&L Statement 2021 2022 2023 2024
Interest Earned 3877 4241 5719 7479
Other Income 401 497 728 880
Interest Expended 1710 1678 2173 3097
Operating Expenses 1100 1498 2288 2513
Provisions and contingencies 1417 1840 1212 1722
PAT 51 -191 479 637
eps 4.02 -15.04 37.62 50.16
Gross NPA 7.4 7.9 5.37 4.02
Net NPA 4.61 4.63 2.79 2

 
Financial Ratios 2021 2022 2023 2024
Advances 26194 31341 39871 49880
Book Value 391.1 375.35 411.85 453.94
P / B 2.94 3.06 3.04 3.91
ROE (%) 1.03 -4.01 9.14 11.05

Balance Sheet

Assets 2021 2022 2023 2024
Fixed Assets 93 92 111 181
Cash and Balances 1222 1038 790 158
Investments 1917 1172 1747 1896
Advances 26194 31341 39871 49880
Other Assets 570 756 932.31 1089
Total Assets 29996 34399 43451.31 53204

 
Liabilities 2021 2022 2023 2024
Share Capital 127 127 127.31 127
FV 10 10 10 10
Reserves 4840 4640 5116 5638
Borrowings 23391 27875 33359 42544
Deposits 0 0 0 0
Other Liabilities 1628 1747 4849 4895
Total Liabilities 29996 34399 43451.31 53204
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Name Holding
Hero MotoCorp Ltd. 41.19%
Bahadur Chand Investment Pvt. Ltd. 20.34%
Otter Limited 10.12%
Others 28.35%

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Hero Fincorp Ltd. is a non-banking financial company (NBFC) engaged in extending retail finance for the two-wheeler sales of Hero Motor Corp. Ltd, bill discounting for Hero Motor Corp. Ltd’s suppliers, loans to small and medium enterprises, loan against property (LAP), used car financing and personal loans. Moreover, Hero Fincorp Ltd’s subsidiary, Hero Housong Finance Ltd, received a housing finance licence from National Housing Bank (NHB) in August 2017. Hero Fincorp Ltd was incorporated in December 1991 under the name Hero Honda FinLease Limited.

Following a change in the ownership of its parent, Hero MotoCorp Limited (formerly Hero Honda Motors Limited), the company changed its name to Hero Fincorp Limited in July 2011. Until April 2013, Hero Fincorp Ltd extended term loans, machinery loans, and bill discounting facilities primarily to entities within the HMCL ecosystem. It subsequently expanded its operations to entities outside the HMCL ecosystem and started extending loans for Hero Motor Corp. Ltd’s two-wheelers, used cars financing, personal loans, LAP, etc

Key Strengths:

  • Strong Brand Association: Hero Fincorp benefits from its association with the Hero Group, a trusted and well-established brand in India.
  • Diversified Loan Portfolio: Offers a variety of financial products, including vehicle loans, SME loans, and personal loans, reducing dependency on a single segment.
  • Wide Distribution Network: Extensive reach through a strong network of branches and dealerships across India.
  • Sound Financial Performance: Consistent revenue growth and profitability with a robust balance sheet.
  • Growth Potential: Positioned to capitalize on India's growing demand for credit in the retail and SME sectors.
     

Key Weaknesses:

  • Credit Risk Exposure: As a non-banking financial company (NBFC), it faces credit risk due to potential loan defaults, especially in the SME sector.
  • High Competition: Competes with banks and other NBFCs, which could pressure margins and market share.
  • Dependence on Borrowing: Relies on borrowing from banks and financial institutions, which could be affected by interest rate fluctuations.
  • Economic Sensitivity: Performance is sensitive to economic downturns, which may impact loan repayments and demand.
  • Regulatory Risks: Subject to changes in government regulations and policies affecting NBFCs.
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