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HINDUJA LEYLAND FINANCE LIMITED Logo

HINDUJA LEYLAND FINANCE LIMITED

Last Traded Price

₹245.00 ( + 2.08 % ) ⭐ ⭐

Principles

Company Name

HINDUJA LEYLAND FINANCE LIMITED


ISIN No.

INE146O01014


No. of Outstanding Shares

535103016


PAN No.

AACCH1807P


Face Value

₹ 10.00


EPS

₹6.36


PE ratio

35.38


P/S Ratio

2.58


Market Capitalization (in Cr)

₹12039.82


Book value

₹127.28


P/BV

1.77


DRHP Filed?

No


Available on

NSDL


Sector

NBFC OF HINDUJA GROUP


CIN

U65993MH2008PLC384221


Registration Date

Dec. 11, 2008


Stock Performance

Stock Price Over Time

Share Details

Company Snapshot

Hinduja Leyland Finance Ltd. stands as a robust mid-sized NBFC with strong promoter backing by Ashok Leyland, diversified vehicle finance focus, growing non-vehicle portfolio, healthy financial performance, and investor-ready positioning ahead of an imminent IPO / listing.

Incorporated in November 2008, HLF is a leading Non Banking Financial Company (NBFC0) promoted by Ashok Leyland Ltd., part of the Hinduja Group.

Business Portfolio

  • Vehicle Finance:
    • Commercial vehicles – heavy, medium, light, 3-wheelers
    • Personal vehicles – cars, 2-wheelers
    • Used vehicles, tractors, construction equipment
  • Non-Vehicle Finance: Loans against property (LAP)
  • Subsidiaries:
    • Hinduja Housing Finance Ltd. – affordable housing
    • Gaadi Mandi – used vehicle leasing digital platform
    • Gro Digital Platforms – logistics & co-lending support

Credit Ratings & Capital Structure

  • Rating (Oct 2024): CRISIL AA+/Stable (credit), A1+ (CP)
  • Standalone Net Worth (June 2024): ₹5,873 crore (Gearing ≈ 6.2×)
  • Consolidated Net Worth: ₹7,061 crore (Gearing ≈ 6.7×)

Ownership (as of Sept 2023)

  • Held ≈ 74.8% by Hinduja Group (mainly Ashok Leyland)
  • Post-share infusion: Diluted to ~61.12%

Business Strategy & Reach

  • ~68% of AUM from vehicle loans
  • 22% AUM from LAP, rest from portfolio buyouts
  • 1,750+ branches across 25+ Indian states/UTs

Growth & Expansion

  • Expanding into:
    • Housing finance
    • MSME loans
    • Used vehicle financing & leasing
  • Strengthening digital platforms: Gaadi Mandi, Gro Digital

Strategic Outlook & Listing

  • Planned merger into NDL Ventures Ltd.
  • Listing with 25%+ public shareholding
  • Ashok Leyland will retain majority stake post-listing
  • Strong infrastructure in place for capital market access

Industry Outlook

Sector Overview

NBFCs in vehicle finance serve sectors like commercial vehicles, tractors, construction equipment, and passenger vehicles.

Growth Drivers

  • Commercial Vehicle (CV) Upcycle:FY24–25 has seen a strong CV rebound driven by infrastructure push, mining activity, and e-commerce-led logistics demand.
    Light Commercial Vehicle (LCV) and used CV financing are key growth segments for NBFCs.
  • Used Vehicle Finance Boom: Used vehicle financing is expanding rapidly, often offering higher yields (~16–20%) compared to new vehicle loans.
    Digital platforms and rural demand are enabling scalable used CV lending.
  • Rural & Semi-Urban DemandTractors, two-wheelers, and small commercial vehicles see strong demand in Tier-2/3 cities and rural India.
    NBFCs dominate this market due to deeper regional reach and flexible underwriting models.
  • Policy & Regulatory SupportRecent RBI guidelines push for better risk management and higher provisioning, leading to a more resilient NBFC ecosystem.
  • Infra Projects: PM Gati Shakti, NIP fueling fleet demand

Future Outlook (FY26+)

  • AUM Growth: ~Projected at ~12–15% CAGR over FY25–28 for leading vehicle-financing NBFCs.
  • Consolidation: Smaller NBFCs may merge or partner with fintechs/Banks as regulations tighten.
  • Digitization: E-KYC, digital onboarding, and telematics-based underwriting will reduce turnaround time and improve risk metrics.
  • Diversification: Many NBFCs are expanding into LAP, MSME loans, or co-lending models to balance risk and enhance yields.

Latest Shareholding Pattern

Shareholder Category Entity Name Holding (%)
🏢 Promoter Group Ashok Leyland Ltd. 61.12%
Hinduja Automotive Ltd. 12.94%
Hinduja Capital Ltd. 1.34%
Aasia Corporation LLP 0.64%
ESOP Trust (Employees) 0.09%
🔷 Subtotal – Promoters & Group 76.13%
🏦 Institutional Investors Qualified Institutional Buyers 23.87%
🔸 Total 100.00%
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