Hero Fincorp Limited Unlisted Shares
HERO FINCORP LIMITED
HERO FINCORP LIMITEDHero FinCorp Limited offers financial services. The Company provides loans against property, two-wheeler, and SME(Small and medium-sized Enterprise) and commercial loans. Hero FinCorp serves customers in India.
Financials of Hero Fincorp Limited Unlisted Shares:
| Particulars(Cr) | 2016 | 2017 | 2018 | 2019 | 2020 | 6MFY21 |
| Total Revenue | 771.38 | 1332.69 | 1691 | 2492 | 3663 | 1814 |
| Revenue Growth % | 158.64 | 72.77 | 26% | 47% | 46% | NA |
| Profit/Loss Before Tax (PBT) | 124.76 | 200.62 | 215 | 413 | 480 | 164 |
| Profit/Loss After Tax (PAT) | 81.5 | 130.41 | 145 | 268 | 310 | 122 |
| PAT Growth % | 145.85 | 60.01 | 24.57 | 84% | 16% | NA |
| Earnings per share (EPS) | 12.11 | 15.38 | 15.63 | 25.97 | 27 | 10.11 |
| Other Highlights | |||
| Particulars(in Crs) | FY17-18 | FY18-19 | FY19-20 |
| Equity Capital | 98.45 | 114.15 | 114.81 |
| Net Worth | 2251 | 3661 | 4527 |
| Book Value Per Share | 228 | 321 | 394 |
| Face Value (In Rs.) | 10 | 10 | 10 |
| Dividend | 28% | 42.50% | 25% |
- Hero FinCorp Limited Annual Report 2019-20
- Hero FinCorp Limited Annual Report 2018-19
- Hero FinCorp Limited Annual Report 2017-18
- Hero FinCorp Limited Annual Report 2016-17
- Hero FinCorp Limited Annual Report 2015-16
- Hero FinCorp Limited Annual Report 2014-15
- Hero FinCorp Limited Annual Report 2013-14
- Hero FinCorp Limited Annual Report 2012-13
- Hero FinCorp Limited Annual Report 2011-12
Hero Fincorp
Buying Price : 2000
Selling Price : 2200
Profit After TAX (In Crores) : 81.50
Paid Up Equity Capital (In Crores) : 79.19
Face Value : 10
Book Value (In Crores) : 1030.22
Turnover (In Crores) : 772.34
Free Reserves : 951.03
EBITDA : 435.91
EPS : 12.11
Nature Of Industry/Activity : NBFC
Promoters : Hero Motocorp, Munjals
Promoters Share Holding : 90.99 %
Sales : 0
Dividend : 1
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Hero FinCorp Limited Unlisted Shares: Company Overview
Hero FinCorp Limited is an NBFC (Non-Banking Financial Company) with a variety of product portfolios. Incorporated in December 1991 as Hero Honda FinLease Limited; after the restructuring of the parent company Hero MotoCorp Limited (Formerly known as Hero Honda Motors Limited), led to the present form as Hero FinCorp Limited. The goal of the company is to help low-income people and make the dreams of Indian entrepreneurs and companies a reality. In the field of financial services, the company focuses on customers who are unable to obtain banking services for reasons such as a limited number of documents and limited reputation, it is regarded as a high-risk category by bank channels.
Hero FinCorp Limited has established a housing finance department with Hero Housing Finance Limited (Hero FinCorp Limited owns 100% of the shares) to meet housing needs and support the government’s overall mission of providing housing for all. The Company provides a variety of other financial products consisting of used Car Financing, Loyalty Personal Loan, Inventory Funding, Loan Against Property, and Loans to SMEs and Emerging Corporates. Today, it has close to more than 4000 retail financing touch-points across Hero MotoCorp’s network over more than 1900+ cities, towns, and villages, and has partnered with over 3000 satisfied corporate clients.
Hero FinCorp Ltd Share Price, Share Details as of March 31, 2023
| Hero FinCorp Ltd Outstanding Shares: | 12,73,06,674 |
| Face Value of Hero FinCorp Ltd Share: | Rs. 10 Per Equity Share |
| ISIN of Hero FinCorp Ltd Share: | INE957N01016 |
| Lot Sze of Hero FinCorp Ltd Share: | 100 |
| Hero FinCorp Ltd Share Price: | Best In Industry |
| PAN Number of Hero FinCorp Ltd : | AAACH0157J |
Hero FinCorp Ltd Incorporation Details
| Hero FinCorp Ltd CIN Number | U74899DL1991PLC046774 |
| Hero FinCorp Ltd Registration Date | 01 July 1923 |
| Category / Sub-Category of Hero FinCorp Ltd | Public Companies having a Share Capital |
| Hero FinCorp Ltd Registered Office Address | 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi – 110 057 |
| Hero FinCorp Ltd Limited Registrar & Transfer Agent Address & Contact Details | Selenium Tower B, Plot 31-32, Gachibowli,. Financial District, Nanakramguda, Hyderabad – 500 032 |
Hero FinCorp Ltd Board of Directors
| DIRECTORS | DESIGNATION |
| Mr. Pradeep Dinodia | CHAIRMAN |
| Mr. Abhimanyu Munjal | MEMBER |
| Mr. Paramdeep Singh | MEMBER |
| Mr. Amar Raj Bindra | MEMBER |
| Dr. Pawan Munjal | MEMBER |
| Mr. Sanjay Kukreja | MEMBER |
| Mr. Sajin Mangalathu | MEMBER |
| Mrs. Renu Munjal | MEMBER |
| Mr. Matthew Russell Michelini | MEMBER |
Hero FinCorp Ltd Shareholding Pattern (As of 31-03-2023)
| CATEGORY | Shares held | % of Shareholding |
| Promoters | 10,12,56,432 | 79.54 |
| Non-Promoters | 2,60,50,242 | 20.46 |
| GRAND TOTAL | 12,73,06,674 | 100.00% |
Principal Business Activities of the Hero Fincorp Limited
All the business activities contributing 10% or more of the total turnover of the company:
| Name and Description of main products/services | NIC Code of the Product/ service | % to total turnover of the company |
| NBFC (Financing Services) | 6492 | 98.55% |
Balance Sheet of Hero FinCorp Limited (Rs. In Crore)
| Particulars | 31st march 2024 | 31st March 2023 | 31st March 2022 | 31st March 2021 |
| Assets | ||||
| Financial Assets | ||||
| Cash and Cash equivalents | 98.78 | 750.01 | 874.49 | 1,106.87 |
| Investments | 1895.96 | 1747.49 | 1,172.98 | 1,917.24 |
| Loans | 49,880.47 | 39,871.27 | 31,341.04 | 26,194.69 |
| Trade receivables | 4.92 | 1.45 | 2.12 | 7.98 |
| Other financial assets | 192.01 | 346.65 | 276.53 | 113.11 |
| Total Financial Assets | 52072.14 | 42,716.87 | 33,667.16 | 29,456.02 |
| Tax assets | 524.56 | 523.56 | 550.33 | 383.47 |
| Property, plant and equipment | 181.00 | 67.59 | 49.52 | 53.05 |
| Intangible assets | 27.17 | 19.15 | 21.41 | 22.54 |
| Intangible assets under development | 0.75 | 2.76 | – | – |
| Right to use assets | 118.27 | 45.55 | – | – |
| Other Non-financial assets | 87.98 | 124.05 | 110.63 | 80.95 |
| Total Non-Financial Assets | 939.73 | 782.66 | 731.89 | 540.01 |
| Total Assets | 53011.87 | 43,499.53 | 34,399.05 | 29,996.03 |
| Equity And Liabilities | ||||
| Equity share capital | 127.31 | 127.31 | 127.31 | 127.31 |
| Other Equity | 5644.72 | 5120.52 | 4642.67 | 4,840.45 |
| Total Equity | 5772.03 | 5247.83 | 4,769.98 | 4,967.76 |
| Liabilities | ||||
| Financial Liabilities | ||||
| Payables | 439.00 | 498.5 | 304.81 | 257.67 |
| Borrowings | 35840.39 | 26,612.99 | 22,008.69 | 19,156.51 |
| Subordinated liabilities | 3625.37 | 3267.79 | 643.16 | 642.91 |
| Debt securities | 6703.72 | 6747.08 | ||
| lease liabilities | 127.24 | 52.40 | ||
| Other Financial liabilities | 511.33 | 902.72 | 643.21 | 4875.89 |
| Total Financial Liabilities | 47247.05 | 38081.48 | 29,515.66 | 24,932.98 |
| Non-Financial Liabilities | ||||
| Tax Liabilities | 40.85 | 1.03 | – | 8.60 |
| Provisions | 69.86 | 54.87 | 48.06 | 41.69 |
| Other Non-financial liabilities | 74.87 | 66.01 | 65.35 | 45.00 |
| Total Non-Financial Liabilities | 185.59 | 121.91 | 113.41 | 95.29 |
| Total Liabilities | 47432.64 | 38,203.39 | 29,629.07 | 25,028.27 |
| Total Equity And Liabilities | 53204.67 | 43,451.22 | 34,399.05 | 29,996.03 |
Profit & Loss Statement of Hero FinCorp Limited (Rs. In Crore)
| Particulars | 2023 | 2022 | 2021 |
| Revenue From Operations | 6401.60 | 4,738.66 | 4,278.08 |
| Other Income | 45.95 | 59.00 | 55.44 |
| Total Income | 6447.55 | 4797.66 | 4333.52 |
| EBITDA | 2889.53 | 1546.85 | 1903.12 |
| EBITDA margin | 44.81% | 32.24% | 43.91% |
| Finance Cost | 2173.95 | 1,678.53 | 1,710.31 |
| Depreciation | 37.93 | 33.19 | 35.21 |
| Other Expense | 3500.45 | 59.00 | 55.44 |
| Profit Before Tax | 735.22 | (254.03) | 71.07 |
| Total Tax | 255.27 | (62.13) | 19.45 |
| Profit/ (loss) after tax | 479.95 | (191.90) | 51.62 |
| PAT Margins (%) | 7.45% | (4.04)% | 1.20% |
| EPS (Diluted) | 37.67 | (15.07) | 4.22 |
Hero FinCorp Limited Cash Flow Statement for the last three years (In Rs. Crore)
| Particulars | 2022-23 | 2021-22 | 2020-21 |
| Cash Flow from Operating Activities | |||
| Profit/ (loss) before tax | 735.22 | (254.03) | 71.07 |
| Adjusted for: | |||
| Depreciation and Amortisation Expense | 37.93 | 33.19 | 35.21 |
| Impairment on financial instruments | 1212.23 | 1840.81 | 1417.74 |
| Dividend income from investments | (0.74) | (0.74) | (0.74) |
| Discount on commercial paper | 157.60 | 110.09 | 147.19 |
| Employee share based payment expense | 8.32 | 6.21 | 5.86 |
| Net loss on sale of property, plant and equipment | 1.60 | 2.15 | 3.52 |
| Interest income on fixed deposit and investments | (68.72) | (39.58) | (47.80) |
| Interest expense on lease liability | 4.51 | 3.98 | 4.51 |
| Gain on derecognition of financial instruments under amortized cost category | (23.13) | (15.84) | – |
| Net loss/(gain) on fair value changes | 299.71 | (21.05) | (22.66) |
| Profit on sale of investments | (85.63) | (43.44) | (23.94) |
| Operating Profit Before Working Capital Changes | 2278.90 | 1621.75 | 1589.96 |
| Decrease in trade receivables | 0.67 | 5.86 | (0.11) |
| Increase in loans | (9742.46) | (6987.16) | (3349.34) |
| (Increase)/ decrease in bank balance other than cash and cash equivalents | 123.30 | (48.39) | (115.61) |
| (Increase)/ decrease in other financial assets | (56.70) | 16.98 | (80.30) |
| Increase in other non-financial assets | (6.27) | (31.54) | (15.50) |
| Increase in other financial liabilities | 402.73 | 48.05 | 191.03 |
| Increase in trade payables | 193.72 | 47.13 | 89.02 |
| Increase in other non financial liabilities | 9.90 | 20.36 | 2.72 |
| Increase in Provisions | 7.22 | 5.27 | 7.25 |
| Net cash used in operating activities before income tax | (6788.99) | (5301.69) | (1680.88) |
| Income Tax Paid (Net) | (227.42) | (109.86) | (159.12) |
| Net Cash used in Operating Activities (A) | (7016.41) | (5411.55) | (1840) |
| B: Cash Flow from Investing Activities | |||
| Purchase of Property, Plant, Equipment, and Other Intangible Assets | (50.98) | (23.93) | (15.82) |
| Proceeds from sale of property, plant and equipment | 2.71 | 5.27 | 5.30 |
| Dividend received | 0.74 | 0.74 | 0.74 |
| Interest received on fixed deposit and investments | 68.72 | 39.58 | 47.79 |
| Purchase of investments | (17,641.62) | (18,773.49) | (27,527.13) |
| Sale of investments | 17,163.09 | 19,582.24 | 25,735.35 |
| Net Cash generated from/ (Used in) Investing Activities (B) | (457.34) | 830.41 | (1753.77) |
| C: Cash Flow from Financing Activities | |||
| Proceeds from the issue of Shares (including securities premium) | 1.81 | 2.46 | 470.10 |
| Proceeds from issue of compulsorily convertible preference shares | 2000 | – | – |
| Share issue expensed paid | (6.00) | – | – |
| Proceeds from issue of debt securities | 5176.12 | 5533.29 | 6049.80 |
| Repayment of debt securities | (4566.75) | (4012) | (7215) |
| Proceeds from issue of borrowings (other than debt securities) | 19,026.50 | 15,598.93 | 15,335.38 |
| Repayment of borrowings (other than debt securities) | (14,556.37) | (12,747.88) | (12,309.62) |
| Proceeds from issue of subordinated liabilities | 288.97 | 0.25 | 69.85 |
| Repayment of lease liability | (15.01) | (13.56) | (12.82) |
| Dividend paid | – | (12.73) | (30.99) |
| Net Cash Generated from Financing Activities (C) | 7349.27 | 4348.76 | 2356.70 |
| Net decrease in cash and cash equivalents (A+B+C) | (124.48) | (232.28) | (1237.07) |
| Cash and cash equivalents at the beginning of the year | 874.49 | 1106.87 | 2343.94 |
| Cash and cash equivalents at the end of the year | 750.01 | 874.49 | 1106.87 |
Summary of Hero FinCorp Limited Cash Flow Statement for the last three years:
1. Cash Flow from Operating Activities:
– The operating profit before working capital changes increased to Rs. 2,278.90 crore in 2022-23, showing a positive trend over the years.
– The company had negative net cash flow from operating activities in all three years, indicating higher cash outflows than inflows from its core business operations.
– The increase in loans was significant in all three years, resulting in substantial cash outflows.
– Other financial assets and non-financial assets also had fluctuations, impacting the operating cash flow.
2. Cash Flow from Investing Activities:
– The company made significant investments in property, plant, equipment, and other intangible assets, leading to cash outflows in all three years. The total amount spent on these assets was Rs. 50.98 crore in 2022-23, Rs. 23.93 crore in 2021-22, and Rs. 15.82 crore in 2020-21.
– The sale of property, plant, and equipment generated some cash inflow, with proceeds of Rs. 2.71 crore in 2022-23, Rs. 5.27 crore in 2021-22, and Rs. 5.30 crore in 2020-21.
– Hero FinCorp made substantial investments in various financial instruments, both in purchases and sales. The net cash generated from or used in investing activities was negative, with amounts of Rs. 457.34 crore in 2022-23, Rs. 830.41 crore in 2021-22, and Rs. 1,753.77 crore in 2020-21.
3. Cash Flow from Financing Activities:
– The company raised funds through issuing shares, convertible preference shares, and debt securities, generating cash inflows in all three years. The amounts received from these activities were Rs. 1.81 crore in 2022-23, Rs. 2.46 crore in 2021-22, and Rs. 470.10 crore in 2020-21.
– Repayment of debt securities and other borrowings resulted in cash outflows. The amounts repaid were Rs. 4,566.75 crore in 2022-23, Rs. 4,012 crore in 2021-22, and Rs. 7,215 crore in 2020-21.
– The company also received proceeds from subordinated liabilities, with amounts of Rs. 288.97 crore in 2022-23, Rs. 0.25 crore in 2021-22, and Rs. 69.85 crore in 2020-21.
– Dividends were paid out to shareholders in the previous years, resulting in cash outflows. The amounts paid were Rs. 12.73 crore in 2021-22 and Rs. 30.99 crore in 2020-21.
Overall, Hero FinCorp experienced negative net cash flows in all three years, indicating a net decrease in cash and cash equivalents. The cash and cash equivalents at the end of the year reduced gradually over the years, reflecting the cash flow trends and financial activities during the period.
Hero FinCorp Dividend and Retained Earnings
| Particulars | 2023 | 2022 | 2021 | 2020 |
| Dividend (In Rs.) | – | – | 1.00 | 2.55 |
Performance of Hero FinCorp
- Revenue from Operations of the company increased by 35.09% from Rs. 4,738.66 Crore in FY 2022 to Rs. 6401.60 Crore in FY 2023.
- EBITDA has seen a rise of 86.80% in FY 2023 and reached Rs. 2889.53 Crore from Rs. 1546.85 Crore in FY 2022.
- Total borrowings of the company increased from Rs. 22,008.69 Crore as of 31st March 2022 to Rs. 26,612.99 Crore as of 31st March 2023.
- The Finance cost of the company decreased by 29.51% from Rs. 1678.53 Crore in FY 2022 to Rs. 2173.95 Crore in FY 2023.
- Profit after tax stood Rs. 479.95 Crore in FY 2023 against a loss after tax of Rs. 191.90 Crore in FY 2022, showing a rise of 350%.
- The book value of the company as of 31st March 2023 was Rs.412.20.
