Hero Fincorp Limited

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About the Company

Hero Fincorp was launched in 1991 with the name Hero Honda FinLease Limited. However, after the parent company Hero MotoCorp limited, Hero Honda Motors Limited got restructured, HFCL also changed its name to Hero Fincorp Limited in July 2011. In 2020, the services will be available across more than 1900+cities, towns, and villages.

In 2020, HFCLs retail business is present at 1900+ retail financing touch-points across Hero MotoCorp’s network, and have partnered with over 2000 satisfied corporate clients.

Services and Products

Over the last years, the company has expanded its business and is offering multiple financing options. The services involve both Corporate and Retail Financing.

Corporate Loans:

Loan against property

SME and commercial loans

Supply chain finance

Working capital loan

Retail Loans:

Two-wheeler Loans

Used Car Loans

Personal Loan

Simply cash

Financials of the company

The revenue has seen a huge rise since 2014. There was an increase of more than 3000% in revenues from 2014 to 2021. However, profits rose till 2020, but in 2021 there was a huge dip in the profits. This was mainly because of the rise in expenses caused by impairment allowances on loans. A similar trend like profits was seen in the case of earnings per share.

The Total revenue of the company stood at Rs.4091.64 Cr for FY2021 and an EPS of 5.78.

The PAT in FY20 stood at Rs. 310.2 Crs and Rs. 70.6 Crs in FY 2021. Despite the fall in PAT in FY2021 the company has 18% Dividend payout to PAT compared

Shareholding(Major Investors)

Promoter and promoter group79.54
Others (Including PE Investors)20.46
Total100

Unlisted Share details

Currently the shares of Hero FinCorp are traded in the price range of 800-1100 in the Private Market depending upon the lot size available.

Highlights

  1. In Fy20, Hero-Fin corp has become India’s No. 1 two wheeler financing company.
  2. Among top 3 NBFC’s- Pre Owned car loans
  3. Assets under Management reached Rs.25,121 Crs
  4. Crossed 6M Happy Customers
  5. Recently launched Customer Service App in 2021.
  6. Cost to Income Ratio & OPEX to Average Assets has been declining whereas Credit Cost to Average assets has seen an increase in FY 2021.

Annual Reports

List of links annual reports of HERO FINCORP LTD.

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