Introduction
Founded in December 1991, Hero FinCorp is a prominent Non-Banking Financial Company (NBFC) based in India. Initially established as Hero Honda FinLease Ltd., the company is involved in various financial services, including leasing, financing, bill discounting, and more. Hero FinCorp operates in the realms of consumer finance and commercial lending. Their offerings include a wide range of loan products such as two-wheeler loans, personal loans, used car loans, commercial loans, loans against property, unsecured business loans, medical equipment financing, working capital loans, and inventory funding.
With a presence spanning across 2000 retail locations in India, Hero FinCorp has built strong partnerships with over 2000 corporate clients, providing seamless and efficient financial services. Additionally, Hero FinCorp owns a subsidiary, Hero Housing Finance Limited, which focuses on delivering comprehensive digital lending solutions, designed to simplify and enhance the homeownership journey for its customers.
Fundamentals
Total Shares
16.37Cr
P/E
52
Book Value
₹ 452.9
Face Value
₹10
EPS
₹ 38.92
ISIN
INE957N01016
Sector
Financials
Dividend Yield
0.51 %
Sub-sector
NBFC
Total Income
₹ 8359.7 Cr
P/B
5.7
Market Capitalisation
₹ 25,066.68 Cr
Company Overview
Hero Fincorp Ltd. is the financial services arm of India's largest two-wheeler maker Hero MotoCorp Ltd.
It offers a wide range of solutions including two-wheeler financing, SME Lending, Personal Loans etc.
Established in 1992 as Hero Honda FinLease Limited, Hero Fincorp underwent a name change after Hero MotoCorp acquired full ownership of 'Hero Honda' following Honda Motor Company's departure from their joint venture.
Currently, the Company’s footprint extends to nearly 2000 retail outlets | 2000 corporate clients | 1000 dealerships, spanning across 1900 cities, towns, and villages.
Rating: “AA+ with stable outlook”: by CRISIL, ICRA and CARE.