Hero FinCorp Limited is a non-banking financial company (NBFC) that has gained attention for its unlisted shares, which are currently priced around INR 2,050 per share as of late November 2024. The company has shown significant growth in recent years, with a notable increase in its net profit and revenue, making it an attractive option for investors looking at unlisted shares.
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Interest Earned | 3877 | 4241 | 5719 | 7479 |
| Other Income | 401 | 497 | 728 | 880 |
| Interest Expended | 1710 | 1678 | 2173 | 3097 |
| Operating Expenses | 1100 | 1498 | 2288 | 2513 |
| Provisions and contingencies | 1417 | 1840 | 1212 | 1722 |
| PAT | 51 | -191 | 479 | 637 |
| eps | 4.02 | -15.04 | 37.62 | 50.16 |
| Gross NPA | 7.4 | 7.9 | 5.37 | 4.02 |
| Net NPA | 4.61 | 4.63 | 2.79 | 2 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Advances | 26194 | 31341 | 39871 | 49880 |
| Book Value | 391.1 | 375.35 | 411.85 | 453.94 |
| P / B | 2.94 | 3.06 | 3.04 | 3.91 |
| ROE (%) | 1.03 | -4.01 | 9.14 | 11.05 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 93 | 92 | 111 | 181 |
| Cash and Balances | 1222 | 1038 | 790 | 158 |
| Investments | 1917 | 1172 | 1747 | 1896 |
| Advances | 26194 | 31341 | 39871 | 49880 |
| Other Assets | 570 | 756 | 932.31 | 1089 |
| Total Assets | 29996 | 34399 | 43451.31 | 53204 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 127 | 127 | 127.31 | 127 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 4840 | 4640 | 5116 | 5638 |
| Borrowings | 23391 | 27875 | 33359 | 42544 |
| Trade Payables | 0 | 0 | 0 | 0 |
| Other Liabilities | 1628 | 1747 | 4849 | 4895 |
| Total Liabilities | 29996 | 34399 | 43451.31 | 53204 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT (%) | 71 | -254 | 735 | 960 |
| OPBWC | 1589 | 1621 | 2278 | 3121 |
| Term Deposit | 0 | 0 | 0 | 0 |
| Change in Investment | 0 | 0 | 0 | 0 |
| Change in Advances | -3349 | -6987 | -9742 | -11581 |
| Change in Deposit | 0 | 0 | 0 | 0 |
| Other Changes | 78 | 62 | 676 | -503 |
| Working Capital Change | -3271 | -6925 | -9066 | -12084 |
| Cash Generated From Operations | -1682 | -5304 | -6788 | -8963 |
| Tax | 159 | 109 | 227 | 276 |
| Cash Flow From Operations | -1841 | -5413 | -7015 | -9239 |
| Purchase of PPE | -15 | -23 | -50 | -161 |
| Sale of PPE | 5 | 5 | 2.71 | 4 |
| Purchase of Investment | -27527 | -18773 | -17641 | -14832 |
| Sale of investments | 25735 | 19582 | 17163 | 14744 |
| Others | 48 | 39 | 68 | 115 |
| Cash flow from Investme | -1754 | 830 | -457.29 | -130 |
| Proceeds from Borrowing | 21384 | 21131 | 24202 | 29256 |
| Repayment of Borrowing | -19524 | -16759 | -19122 | -20410 |
| Dividend | -12 | -12 | 0 | -103 |
| Proceeds from Equity | 470 | 2 | 2000 | 0 |
| Others From Financing | 38 | -14 | 269 | -26 |
| Cash Flow from Financing | 2356 | 4348 | 7349 | 8717 |
| Net Cash Generated | -1239 | -235 | -123.29 | -652 |
| Cash at the Start | 2343 | 1106 | 874 | 750 |
| Cash at the End | 1104 | 871 | 750.71 | 98 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Hero MotoCorp Ltd. | 41.19% | 41.19% | 41.19% | 41.19% |
| Bahadur Chand Investment Pvt. Ltd. | 20.34% | 20.34% | 20.34% | 20.34% |
| Otter Limited | 10.12% | 10.12% | 10.12% | 10.12% |
| Others | 28.35% | 28.35% | 28.35% | 28.35% |
