DRHP Status : Not Filed
235
P&L Statement | 2023 | 2024 |
---|---|---|
Interest Earned | 3113 | 4010 |
Other Income | 388 | 649 |
Interest Expended | 1721 | 2561 |
Operating Expenses | 456 | 632 |
Provisions and contingencies | 646 | 572 |
PAT | 489 | 636 |
eps | 9.14 | 11.88 |
Gross NPA | 4.87 | 4.3 |
Net NPA | 3.34 | 2.7 |
Financial Ratios | 2023 | 2024 |
---|---|---|
Advances | 28415 | 38463 |
Book Value | 104.63 | 127.25 |
P / B | 2.68 | 2.2 |
ROE (%) | 8.74 | 9.34 |
Assets | 2023 | 2024 |
---|---|---|
Fixed Assets | 106 | 358 |
Cash and Balances | 1266 | 3211 |
Investments | 1828 | 1921 |
Advances | 28415 | 38463 |
Other Assets | 804.02 | 924.16 |
Total Assets | 32419.02 | 44877.16 |
Liabilities | 2023 | 2024 |
---|---|---|
Share Capital | 535.02 | 535.16 |
FV | 10 | 10 |
Reserves | 5063 | 6275 |
Borrowings | 24891 | 35029 |
Deposits | 0 | 0 |
Other Liabilities | 1930 | 3038 |
Total Liabilities | 32419.02 | 44877.16 |
Name | Holding |
---|---|
Ashok Leyland Limited; Holding Company | 60.40% |
Hinduja Automotive Limited | 12.95% |
Abridge Investments Ltd | 6.54% |
Aviator Global Investment Fund | 5.33% |
Elara India Opportunites Fund Limited | 5.23% |
Others | 9.5% |
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Incorporated in November 2008, Hinduja Leyland Finance Ltd., promoted by Ashok Leyland Limited, is one of India's leading NBFCs, with key offerings including finance for commercial vehicles, personal vehicles, loans against property, and construction equipment finance.
Through a widespread network of branches serving the urban and semi-urban centers of India, Hinduja Leyland Finance offers a wide range of financial and leasing solutions for commercial and electric commercial vehicles, construction equipment, tractors, cars, and two-wheelers. In addition, the company finances used commercial vehicles as well.
The company’s vehicle finance vertical has a diversified customer base, from large fleet owners to small truck owners and self-employed individuals. The company is a preferred financier for motor vehicle OEMs to provide financing for their vehicles. Through these partnerships, Hinduja Leyland Finance works closely with the respective dealer networks to provide its comprehensive vehicle finance products to the partners’ widespread customer base.
Click here to visit the official website of Hinduja Leyland Finance Limited.
Strengths:
Diversified Financial Services Portfolio: HLF offers a range of financial products, including vehicle financing, loans against property, and construction equipment finance, catering to a broad customer base.
Strong Capitalization: As of June 30, 2024, HLF's net worth improved to ₹7,061 crore from ₹6,813 crore on March 31, 2024, indicating robust financial health.
Promoter Support: With 74.51% promoter shareholding, HLF benefits from substantial backing, ensuring strategic guidance and financial stability.
Weaknesses:
Asset Quality Concerns: HLF's asset quality is modest, with 90+ days past due (dpd) at 3.1% as of June 30, 2024, highlighting potential credit risk.
High Debt-to-Equity Ratio: The company has a debt-to-equity ratio of 5.08, indicating a high level of leverage that could impact financial flexibility.
Moderate Profitability: HLF's profitability remains moderate, with a Return on Equity (ROE) of 6.17% over the past year, suggesting limited returns for investors.
Liquidity Risks of Unlisted Shares: Investing in unlisted shares like HLF's entails liquidity risks, as these shares are not traded on public exchanges, making it challenging to find buyers when seeking to sell.