Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
---|---|---|---|---|---|---|---|
Primex-40 | |||||||
Hero FinCorp Limited |
Particulars |
31st March 2023 |
31st March 2022 |
31st March 2021 |
Assets |
|
||
Financial Assets |
|
||
Cash and Cash equivalents |
750.01 |
874.49 |
1,106.87 |
Investments |
1747.49 |
1,172.98 |
1,917.24 |
Loans |
39,871.27 |
31,341.04 |
26,194.69 |
Trade receivables |
1.45 |
2.12 |
7.98 |
Other financial assets |
346.65 |
276.53 |
113.11 |
Total Financial Assets |
42,716.87 |
33,667.16 |
29,456.02 |
Non-Financial Assets |
|
||
Tax assets |
523.56 |
550.33 |
383.47 |
Property, plant and equipment |
67.59 |
49.52 |
53.05 |
Intangible assets |
19.15 |
21.41 |
22.54 |
Other Non-financial assets |
124.05 |
110.63 |
80.95 |
Total Non- Financial Assets |
734.35 |
731.89 |
540.01 |
Total Assets |
43,451.22 |
34,399.05 |
29,996.03 |
Equity And Liabilities |
|
||
Equity share capital |
127.31 |
127.31 |
127.31 |
Other Equity |
5120.52 |
4642.67 |
4,840.45 |
Total Equity |
5247.83 |
4,769.98 |
4,967.76 |
Liabilities |
|
||
Financial Liabilities |
|
||
Payables |
498.5 |
304.81 |
257.67 |
Borrowings |
26,612.99 |
22,008.69 |
19,156.51 |
Subordinated liabilities |
3267.79 |
643.16 |
642.91 |
Other Financial liabilities |
7692.95 |
643.21 |
4875.89 |
Total Financial Liabilities |
38,072.23 |
29,515.66 |
24,932.98 |
Non-Financial Liabilities |
|
||
Tax Liabilities |
1.03 |
- |
8.60 |
Provisions |
54.87 |
48.06 |
41.69 |
Other Non-financial liabilities |
75.26 |
65.35 |
45.00 |
Total Non-Financial Liabilities |
131.16 |
113.41 |
95.29 |
Total Liabilities |
38,203.39 |
29,629.07 |
25,028.27 |
Total Equity And Liabilities |
43,451.22 |
34,399.05 |
29,996.03 |
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 |
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.
Particulars |
2023 |
2022 |
2021 |
2020 |
Dividend (In Rs.) |
- |
- |
1.00 |
2.55 |
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.