Company Overview & Fundamentals
Hero FinCorp Limited is a prominent Indian Non-Banking Financial Company (NBFC) and the financial services arm of the Hero Group (promoted by Hero MotoCorp). Incorporated in 1991, the company primarily operates across retail financing and MSME lending, leveraging the extensive nationwide dealer network of Hero MotoCorp.
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Core Offerings: Two-wheeler/EV loans, personal loans, used car finance, SME/MSME business loans, and loans against property (LAP).
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Target Segment: Retail borrowers and MSMEs across metro, urban, and rural India.
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Credit Rating: Holds a AA+ (Stable) rating from CRISIL, ICRA, and CARE for long-term borrowings and A1+ for commercial papers.
Financial Performance (FY22 – FY24 Trend)
Hero FinCorp demonstrated a turnaround in profitability driven by expanding Assets Under Management (AUM) and improving asset quality.
| Financial Metric | FY22 | FY23 | FY24 |
| Total Income | ₹4,797.5 Cr | ₹6,447.5 Cr | ₹8,359.7 Cr |
| Profit After Tax (PAT) | -₹191.9 Cr | ₹479.9 Cr | ₹637.0 Cr |
| Gross NPA Ratio | 7.54% | 5.11% | 4.02% |
| Net NPA Ratio | 4.43% | 2.69% | 2.00% |
(Source: Filed DRHP financial disclosures)
Upcoming IPO Details
Hero FinCorp filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise capital primarily for augmenting its Tier-I capital base.
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Total Issue Size: ₹3,668.13 Crore
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Fresh Issue: ₹2,100 Crore
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Offer for Sale (OFS): ₹1,568.13 Crore
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Listing Venue: BSE & NSE
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Price Band & Offer Dates: To be announced in the Red Herring Prospectus (RHP).
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