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×

hero fincorp Limited

800.00
-5.88 %
Scrip Name
Hero FinCorp
ISIN No.
INE957N01016
PAN No.
AAACH0157J
Face Value
10
No. of Outstanding Shares
127,306,674
Market Capitalization
10,184.53 Crore

925HERO FINCORP LIMITED UNLISTED SHARE

About Hero FinCorp Limited


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 the 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 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, 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.

 

Company products include :

Retail Loan

TWO-WHEELER LOAN

USED CAR LOAN

PERSONAL LOAN

LOYALTY LOAN

Digital loan

SIMPLY CASH INSTANT LOAN

Corporate Loan

SME & COMMERCIAL LOANS

LOAN AGAINST PROPERTY

UNSECURED BUSINESS LOANS

MEDICAL EQUIPMENT FINANCING

DOCTORS LOAN

BILL DISCOUNTING OR INVOICE DISCOUNTING

WORKING CAPITAL LOAN

Other Loans

HOME LOAN



INCORPORATION DETAILS

CIN

U74899DL1991PLC046774

Registration Date

16December, 1991

Address of the Registered office and contact details

34, Community Centre, Basant Lok,

Vasant Vihar, New Delhi - 110 057

E-mail: investors@herofincorp.com

Website: www.herofincorp.com

Details of Registrar and Transfer Agent

Link Intime India Private Limited

Noble Heights, 1st Floor, Plot NH 2,

C-1 Block LSC, Near Savitri Market,

Janakpuri, New Delhi - 110058

Tel: +91 11 4141 0592-94


BOARD OF DIRECTORS AND MANAGEMENT

Late Shri. B.M.L. Munjal (Group Founder)

Renu Manjul (Managing Director)

Vivek Chaand Sehgal (Chairman – SMG)

Pradeep Dinodia (Director & business Lead)

Jayesh Jain (Chief Financial Officer)

Preemita Singh (Chief HR Officer)

Sajin Mangalathu (Head – Technology & Operations)

Abhimanyu Manjul (Managing Director & CEO)

Pawan Manjul (Chairman & Director)

Sanjay Kukreja (Director)

Ajay Sahasrabuddhe (COO – Retail Finance)

Mahesh Sanghavi (Chief Business Officer)

Priya Kashyap (MD & CEO’s Office)


HERO FINCORP LIMITEDUNLISTED SHARE DETAILS

Total Available Shares:

12,73,06,674

Face Value:

Rs. 10 Per Equity Share

ISIN: 

INE957N01016

PAN No. 

AAACH0157J

Lot Size:

50

Last Traded Price:

Rs. 950

Current Unlisted Share Price:

Rs. 12094.13 Crore

 

Principal Business Activities of the Company

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%

 

SHAREHOLDING PATTERN

As on 31-03-2020

S. no.

Shareholders’ Name

No. of Shares

% of total Shares of the company

 

Promoter Shareholding



1

Individual/HUF

1,57,48,106

12.37%


Bodies Corp. -



1

Hero MotoCorp Ltd.

5,24,31,893(41.19%)

65.74%

2

Others

3,12,51,740(24.55%)



Public shareholding

2,60,50,242

20.46%


Total

12,73,06,674

100.00%

 

INDUSTRY OVERVIEW

The NBFC sector continued to grow its share in the financial services industry. The importance of NBFCs in credit intermediation continued to grow, repayment default by a systemically important NBFC in September 2018 brought to focus asset-liability mismatches of the sector — where some NBFCs were more impacted than the others.


To strengthen the asset-liability profile of the sector, RBI introduced a liquidity coverage ratio (LCR) requirement for all NBFCs with AUM of Rs. 5,000 crore and above. The regulation also stipulates that NBFCs should attain LCR of 100% in a phased manner over a period of four years starting December 2020. It is a welcome regulatory change and will significantly strengthen ALM profile of the NBFC sector.


COVID-19 further accentuated ALM challenges of the NBFC sector. On one hand, NBFCs have to offer such moratoriums to their customers; while on the other, their market borrowings must be repaid on due dates.


The COVID-19 pandemic has also resulted in a deterioration in the asset quality of the financial sector. NBFCs too will face similar pressures.


For FY 2022, the ratings agencies have given a stable outlook. Improved system liquidity and strong capital buffers helped boosting loan disbursements. It is expected that NBFC business will grow by 9.5% in FY 2022.

 

FINANCIALS OFHERO FINCORP LIMITED(₹ in crores)

Particulars (Cr)

2020

2019

2018

2017

Revenue

3,663.2

2,492.52

1,691

1,332.69

Profit Before Tax

480.93

413.66

215.22

200.62

PAT

310.17

268.37

145.8

130.4

EPS

26.98

25.97

15.63

15.4

Book Value per share

373

321

229

211

PAT Margins (%)

8.46

10.76

8.62

9.78

Dividend Payout To PAT (%)

10

21.8

24.6

12.8

Return on Equity (%)

9.1

7.4

10.7

8.6

Return on Assets (%)

1.4

1.6

1.3

1.6

 

BALANCE SHEET OF HERO FINCORP LIMITED (₹ in crore)

Particulars (Rs. In crores)

2020

2019

ASSETS



FINANCIAL ASSETS



Cash and Cash equivalents

2,213.75

107.21

Investments

451.83

961.87

Loans

22,482.7

19,215.7

Trade receivables

7.87

4.34

Other financial assets

30.28

51.44

NON-FINANCIAL ASSETS



Tax assets

294.59

192.66

Property plant and equipment

67.46

78.31

Intangible assets

13.76

16.61

Other Non-financial assets

74.18

23.73

TOTAL ASSETS

25,636.4

20,651.9

EQUITY AND LIABILITIES



Equity share capital

121.54

114.15

Other Equity

4,405.93

3,552.36

TOTAL EQUITY

4,527.47

3,666.51

LIABILITIES



FINANCIAL LIABILITIES



Payables

161.54

116.19

Borrowing and Debt securities

19,842.1

15,898.8

Subordinate liabilities

548.35

424.1

Other Financial liabilities

428.59

457.83

NON-FINANCIAL LIABILITIES



Tax Liabilities

60.14

33.53

Provisions

32.14

23.09

Other Non-financial liabilities

36.09

31.83

TOTAL LIABILITIES

21,108.94

16,985.34

TOTAL EQUITY AND LIABILITIES

25,636.41

20,651.85

 

DIVIDEND AND RETAINED EARNINGS

Particulars

2020

2019

2018

2017

Dividend (In Rs.)

2.55

4.25

2.8

1.5

Retained Earnings (Consolidated) (In Rs. Crore)

471.79

346.05

218.07

141.1

 

PERFORMANCE OF THE COMPANY

In FY20, the growth rate exceeded 30% CAGR, and the company issued loans of Rs 17,827 crores. The disbursal in FY20 was 40% higher than the Rs 12,756 crores in FY19. The company disbursement growth helped increase its AUM, the enterprise level consolidated AUM for Hero Fincorp Limited and Hero Housing Finance stood at INR 25,182 crores as of March 31, 2020.


Profit after tax (PAT) increased from Rs. 268 crores in FY19 to Rs. 310 crores, an increase of approximately 16%.


Profit before tax (PBT) increasedby 16% from Rs.413.66 crore in FY 2018-19 to Rs. 480.93 crore in FY 2019-20, accordingly the Profit after tax (PAT) registered an increase of 16% from Rs.268.37 crore in FY 2018-19 to Rs. 310.17 crore in FY 2019-20.


The company had an outstanding year due to strong sales growth in all business areas. In the FY 2019-20, the company took several measures to strengthen its business model and maintain its growth rates, such as the introduction of several new products and options.


The Company has consistently delivered dividends to the shareholders. However, Dividend per share decreased by around 60% from Rs. 4.25in FY 2019 to Rs. 2.55 in FY 2020

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