Hinduja Leyland Finance Limited

DRHP Status : Not Filed

235

Current Price 235

Market Cap 12000.82 Cr

ISIN INE146O01014

Face Value 10

P/E Ratio 35.38

EPS 6.36

P/B Ratio 1.77

Book Value 127.28

Debt to Equity Ratio 10

P&L Statement	2023	2024
Interest Earned	3113	4010
Other Income	388	649
Interest Expended	1721	2561
Operating Expenses	456	632
Provisions and contingencies	646	572
PAT	489	636
eps	9.14	11.88
Gross NPA	4.87	4.3
Net NPA	3.34	2.7

Financial Ratios	2023	2024
Advances	28415	38463
Book Value	104.63	127.25
P / B	2.68	2.2
ROE (%)	8.74	9.34

Assets	2023	2024
Fixed Assets	106	358
Cash and Balances	1266	3211
Investments	1828	1921
Advances	28415	38463
Other Assets	804.02	924.16
Total Assets	32419.02	44877.16

Liabilities	2023	2024
Share Capital	535.02	535.16
FV	10	10
Reserves	5063	6275
Borrowings	24891	35029
Deposits	0	0
Other Liabilities	1930	3038
Total Liabilities	32419.02	44877.16

Annual Report 2023-2024

Annual Report 2022-2023

Annual Report 2021-2022

Name	Holding
Ashok Leyland Limited; Holding Company	60.40%%
Hinduja Automotive Limited	12.95%
Abridge Investments Ltd	6.54%
Aviator Global Investment Fund	5.33%
Elara India Opportunites Fund Limited	5.53%
Others	39.65%

Incorporated in November 2008, Hinduja Leyland Finance Ltd., promoted by Ashok Leyland Limited, is one of India's leading NBFCs, with key offerings including finance for commercial vehicles, personal vehicles, loans against property, and construction equipment finance.

Strengths:

Diversified Financial Services Portfolio: HLF offers a range of financial products, including vehicle financing, loans against property, and construction equipment finance, catering to a broad customer base.
Strong Capitalization: As of June 30, 2024, HLF's net worth improved to ₹7,061 crore from ₹6,813 crore on March 31, 2024, indicating robust financial health.
Promoter Support: With 74.51% promoter shareholding, HLF benefits from substantial backing, ensuring strategic guidance and financial stability.

Weaknesses:

Asset Quality Concerns: HLF's asset quality is modest, with 90+ days past due (dpd) at 3.1% as of June 30, 2024, highlighting potential credit risk.
High Debt-to-Equity Ratio: The company has a debt-to-equity ratio of 5.08, indicating a high level of leverage that could impact financial flexibility.
Moderate Profitability: HLF's profitability remains moderate, with a Return on Equity (ROE) of 6.17% over the past year, suggesting limited returns for investors.
Liquidity Risks of Unlisted Shares: Investing in unlisted shares like HLF's entails liquidity risks, as these shares are not traded on public exchanges, making it challenging to find buyers when seeking to sell.