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, 2025
| Hero FinCorp Ltd Outstanding Shares: | 127412759 |
| Face Value of Hero FinCorp Ltd Share: | Rs. 10 Per Equity Share |
| ISIN of Hero FinCorp Ltd Share: | INE957N01016 |
| Lot Size of Hero FinCorp Ltd Share: | 100 |
| Hero FinCorp Ltd Share Price: | Best In Industry |
| PAN Number of Hero FinCorp Ltd: | AAACH0157J |
| GST Number of Hero FinCorp Ltd: | 07AAACH0157J1ZS |
Hero FinCorp Ltd Incorporation Details
| Hero FinCorp Ltd CIN Number | U74899DL1991PLC046774 |
| Hero FinCorp Ltd Registration Date | 16-Dec-1981 |
| 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 - 500032 |
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 31-03-2025)
| Category | Shares held | % of Shareholding |
|---|---|---|
| Promoters | 10,12,56,432 | 79.54 |
| Non-Promoters | 2,61,56,327 | 20.46 |
| Grand Total | 12,74,12,759 | 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% |
Hero Fin Corp Limited Consolidated Balance Sheet (Rs in Crores)
| Particular | March 31, 2025 | March 31, 2024 |
| Financial Assets | ||
| Cash and cash equivalents | 1,964.60 | 98.78 |
| Bank balance other than cash and cash equivalents | 67.4 | 59.07 |
| Derivative financial instruments | 114.91 | 133.72 |
| Trade receivables | 27.4 | 10.07 |
| Loans | 53,815.30 | 49,880.47 |
| Investments | 2,556.14 | 1,895.96 |
| Other financial assets | 355.28 | 186.86 |
| Non-Financial Assets | ||
| Current tax assets | 165.65 | 155.54 |
| Deferred tax assets | 463.53 | 369.02 |
| Property, plant and equipment | 172.19 | 181 |
| Capital work in progress | 1.55 | - |
| Right-of-use assets | 112.47 | 118.27 |
| Intangible assets under development | 18.15 | 0.75 |
| Other intangible assets | 73.66 | 27.17 |
| Other non-financial assets | 134.16 | 87.98 |
| Total Assets | 60,042.39 | 53,204.66 |
| Financial Liabilities | ||
| Trade payables: | ||
| Total outstanding dues of micro and small enterprises | 4.91 | 0.73 |
| Total outstanding dues of creditors other than above | 527.24 | 438.27 |
| Debt securities | 7,174.74 | 6,703.72 |
| Borrowings (other than debt securities) | 40,782.99 | 35,840.39 |
| Subordinated liabilities | 4,996.91 | 3,625.37 |
| Lease liabilities | 123.87 | 127.24 |
| Other financial liabilities | 498.92 | 511.33 |
| Non-Financial Liabilities | ||
| Current tax liabilities | 10.05 | 40.85 |
| Deferred tax liabilities | 5.05 | - |
| Provisions | 75.68 | 69.86 |
| Other non-financial liabilities | 81.27 | 74.87 |
| Equity | ||
| Equity share capital | 127.41 | 127.31 |
| Other equity | 5,625.74 | 5,638.66 |
| Non-controlling interests | 7.61 | 6.06 |
| Total Liabilities and Equity | 60,042.39 | 53,204.66 |
Hero Fin Corp Limited Consolidated Profit & Loss Statement (Rs in Crores)
| Particular | March 31, 2025 | March 31, 2024 |
|---|---|---|
| Revenue from operations | ||
| Interest income | 8,588.67 | 7,479.38 |
| Dividend income | 0.02 | 0.71 |
| Profit on sale of investments | 44.62 | 64.7 |
| Gain on derecognition of financial instruments under amortised cost category | 134.82 | 21.28 |
| Insurance commission | 185.53 | 113.99 |
| Others charges | 879.07 | 610.84 |
| Other income | 70.6 | 68.82 |
| Total income | 9,903.33 | 8,359.72 |
| Expenses | ||
| Finance costs | 3,827.71 | 3,097.36 |
| Net loss on fair value changes | 302.8 | 338.52 |
| Impairment on financial instruments | 2,884.09 | 1,722.39 |
| Employee benefits expenses | 729.84 | 692.71 |
| Depreciation and amortization | 95.97 | 65.96 |
| Other expenses | 1,806.83 | 1,482.23 |
| Total expenses | 9,647.24 | 7,399.17 |
| Profit before tax | 256.09 | 960.55 |
| Current tax | 226.45 | 307.46 |
| Deferred tax charge | -80.31 | 16.04 |
| Profit/ (loss) after tax | 109.95 | 637.05 |
| Other comprehensive income/ (loss) | ||
| Items that will not be reclassified to profit or loss: | ||
| Remeasurement of gains / (losses) on defined benefit plans | 6.19 | -1.43 |
| Income tax relating to items that will not be reclassified to profit or loss | -1.56 | 0.44 |
| Items that may be reclassified to profit or loss: | ||
| Cash flow hedge reserve | -42.33 | -33.38 |
| Income tax relating to items that may be reclassified to profit or loss | 10.71 | 8.46 |
| Other comprehensive loss for the year, net of tax | -26.99 | -25.91 |
| Total comprehensive income for the year, net of tax | 82.96 | 611.14 |
| Profit/ (loss) for the period/ year attributable to | ||
| Owners of the Company | 109.49 | 636.78 |
| Non-controlling interests | 0.46 | 0.27 |
| Other comprehensive income/ (loss) for the period/ year, net of tax, attributable to | ||
| Owners of the Company | -26.98 | -25.91 |
| Non-controlling interests | -0.01 | 0 |
| Total comprehensive income/ (loss) for the period/ year, net of tax, attributable to | ||
| Owners of the Company | 82.51 | 610.86 |
| Non-controlling interests | 0.45 | 0.28 |
| Earnings per equity share | ||
| Basic | 8.63 | 0.04 |
| Diluted | 8.62 | 49.94 |
Hero Fin Corp Limited Consolidated Cash Flow Statement (Rs in Crores)
| Particular | March 31, 2025 | March 31, 2024 |
| Cash flow from operating activities Profit before tax | 256.09 | 960.55 |
| Adjustments for: | ||
| Interest income | -8,587.01 | -7,477.66 |
| Interest on income tax refund | -5.36 | - |
| Finance costs | 3,827.73 | 3,097.36 |
| Depreciation and amortization | 95.97 | 65.96 |
| Impairment on financial instruments | 2,884.10 | 1,722.40 |
| Dividend income from investments | -0.02 | -0.71 |
| Discount on commercial paper | - | 11.15 |
| Employee share based payment expense | 27.81 | 19.28 |
| Net loss on sale of property, plant and equipment | 1.6 | 0.74 |
| Net gain on modification of lease | -3.75 | - |
| Gain on derecognition of financial instruments under amortised cost category | -134.82 | -21.28 |
| Net loss on fair value changes | 302.8 | 338.52 |
| Profit on sale of investments | -44.62 | -64.7 |
| Cash inflow from interest on loans | 8,264.10 | 7,218.91 |
| Cash inflow from interest on fixed deposits | 12.31 | 8.93 |
| Cash outflow towards finance costs | -3,920.22 | -2,810.19 |
| Operating profit before working capital changes | 2,976.71 | 3,069.26 |
| Working capital adjustments: | ||
| Increase in trade receivables | -17.33 | -8.77 |
| Increase in loans | -6,606.29 | -11,580.68 |
| Increase in bank balance other than cash and cash equivalents | -6.98 | -18.46 |
| (Increase)/ decrease in other financial assets | -39.75 | 18.92 |
| Increase in other non financial assets | -50.01 | -16.54 |
| Decrease in other financial liabilitie | -19.72 | -395.06 |
| Increase/ (decrease) in trade payables | 93.32 | -54.38 |
| Increase in other non financial liabilities | 6.39 | 8.88 |
| Increase in provisions | 12 | 13.78 |
| Income tax paid | -262 | -275.78 |
| Net cash used in operating activities | -3,913.66 | -9,238.83 |
| Cash flow from investing activities: | ||
| Purchase of property, plant and equipment and intangible assets | -43.96 | -142.65 |
| Purchase of other intangible assets and intangible assets under development | -76.01 | -18 |
| Proceeds from sale of property, plant and equipment | 4.09 | 4.28 |
| Dividend received | 0.02 | 0.71 |
| Interest received on investments | 114.05 | 114.14 |
| Purchase of investments | -12,877.44 | -14,832.31 |
| Sale of investments | 12,286.10 | 14,744.04 |
| Net cash used in investing activities | -593.15 | -129.79 |
| Cash flow from financing activities: | ||
| Proceeds from issue of equity shares | 7.27 | - |
| Proceeds from conversion of partly paid equity shares to fully paid | - | 0.02 |
| Proceeds from issue of equity shares of subsidiary to Non-controlling interest | - | 0.61 |
| Share issue expenses paid | - | -0.25 |
| Proceeds from issue of debt securities | 9,572.05 | 5,349.00 |
| Repayment of debt securities | -8,989.10 | -5,623.76 |
| Proceeds from issue of borrowings | 24,671.56 | 23,907.37 |
| Repayment of borrowings | -19,744.50 | -14,785.74 |
| Proceeds from issue of subordinated liabilities | 1,085.00 | 55.07 |
| Repayment of lease liability | -42.34 | -34.61 |
| Dividend paid on equity shares | -127.31 | -102.94 |
| Dividend paid on compulsorily convertible preference shares | -60 | -47.51 |
| Net cash generated from financing activities | 6,372.63 | 8,717.26 |
| Cash and cash equivalents at the beginning of the year | 98.78 | 750.14 |
| Cash and cash equivalents at the end of the year | 1,964.60 | 98.78 |
Here is a summary of the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from Operating Activities
In FY 2024–25, the company reported a net cash outflow of ₹3,913.66 crore from operating activities, marking an improvement over the previous year’s steeper outflow of ₹9,238.83 crore. Although the profit before tax stood at ₹256.09 crore, operating cash was impacted by several major non-cash adjustments, such as interest income of ₹8,587.01 crore (outflow) and finance costs of ₹3,827.73 crore (inflow). Significant adjustments also included impairment on financial instruments (₹2,884.10 crore) and employee share-based expenses (₹27.81 crore).
The company also recorded considerable cash inflows from interest on loans (₹8,264.10 crore), which helped partially offset the effects of various deductions like profit on investments and gain on derecognition of financial instruments. Despite a healthy adjusted operating profit of ₹2,976.71 crore before working capital changes, heavy disbursements in loans (₹6,606.29 crore), increased receivables, and investments in non-financial assets further strained operating cash. Additionally, income tax payments of ₹262 crore contributed to the negative net operating cash flow.
Cash Flow from Investing Activities
The company witnessed a net cash outflow of ₹593.15 crore in investing activities in FY 2025, compared to a smaller outflow of ₹129.79 crore in FY 2024. This was largely due to purchases of investments worth ₹12,877.44 crore, along with capital expenditures totaling over ₹119.97 crore on property, plant, equipment, and intangible assets. These cash outflows were partially offset by the sale of investments worth ₹12,286.10 crore, indicating active portfolio rebalancing. The company also earned ₹114.05 crore from interest on investments, helping to slightly reduce the net outflow. Overall, investing cash flows remained negative but were driven more by strategic deployment of funds than liquidity stress.
Cash Flow from Financing Activities
Financing activities generated a strong net cash inflow of ₹6,372.63 crore in FY 2025, although this was lower than the ₹8,717.26 crore inflow in FY 2024. Major sources of cash included proceeds from borrowings (₹24,671.56 crore) and issuance of debt securities (₹9,572.05 crore). On the other hand, the company repaid ₹19,744.50 crore in borrowings and ₹8,989.10 crore in debt securities, reflecting prudent debt servicing. The company also raised ₹1,085 crore from subordinated liabilities and ₹7.27 crore from equity issuance, while paying out dividends (₹187.31 crore) and lease liabilities (₹42.34 crore). These flows illustrate the company’s ability to mobilize funds from capital markets efficiently while maintaining healthy repayments and investor returns.
Net Movement in Cash and Cash Equivalents
After consolidating all activities, the company experienced a net increase in cash and cash equivalents of ₹1,865.82 crore, rising from ₹98.78 crore at the beginning of the year to ₹1,964.60 crore at the end of FY 2025. This improvement, despite negative operating and investing cash flows, was mainly enabled by strong financing activities, indicating a robust financial management strategy focused on sustaining liquidity through capital market avenues.
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