Bond Issuer
Hinduja Leyland Finance Limited
Hinduja Leyland Finance (HLF) is an NBFC based out of Chennai, Tamil Nadu. It is a non-deposit accepting systemically important (ND-SI) non-banking financial company belonging to t…
Issuer Overview
Hinduja Leyland Finance (HLF) is an NBFC based out of Chennai, Tamil Nadu. It is a non-deposit accepting systemically important (ND-SI) non-banking financial company belonging to the Hinduja Group. Established in 1918 in Mumbai, the Hinduja Group has a global presence and is spread across 30 nations.
About Company
Hinduja Leyland Finance Limited in the last few years seems to have earned a good reputation in the markets and has become one of the preferred service providers for vehicle loans. The company during FY21, reported a PAT (Profit Before Tax) of Rs.270 crore (PY: Rs.292 crore) on a total income of Rs.2,775 crore (PY: Rs.2,927 crore). HLF from 41.11% as on March 31, 2020, increased its provision coverage to 51.38% as on March 31, 2021. The Management overlay stood at Rs.110 crore as on March 31, 2021. HLF as on December 31, 2021, restructured its portfolio amounting to Rs.1,660 crore (6.42% of AUM). The provision coverage ratio of repossessed assets as of March 31, 2021, also increased to 43.19% (PY: 35.37%). You can check about Hinduja Leyland Finance Limited IPO online for investments.
Business Overview
Hinduja Leyland Finance Limited in the last few years seems to have earned a good reputation in the markets and has become one of the preferred service providers for vehicle loans. The company during FY21, reported a PAT (Profit Before Tax) of Rs.270 crore (PY: Rs.292 crore) on a total income of Rs.2,775 crore (PY: Rs.2,927 crore). HLF from 41.11% as on March 31, 2020, increased its provision coverage to 51.38% as on March 31, 2021. The Management overlay stood at Rs.110 crore as on March 31, 2021. HLF as on December 31, 2021, restructured its portfolio amounting to Rs.1,660 crore (6.42% of AUM). The provision coverage ratio of repossessed assets as of March 31, 2021, also increased to 43.19% (PY: 35.37%). You can check about Hinduja Leyland Finance Limited IPO online for investments.
Key Highlights
- Part of the Hinduja Group ecosystem
- Focus on commercial vehicle and asset-backed lending
- Presence across retail and SME finance products
Credit Rating
Investment grade (verify latest agency ratings)
Industries Served
- Commercial Vehicle Finance
- Loan Against Property
- SME Finance
Strengths
- The wide range of target audiences helps increase business
- The Hinduja Leyland Finance Limited NCD IPO can help investors earn good ROI
Risk Factors
- Cyclicality in commercial vehicle demand
- Collateral and residual-value risk
- Funding-cost and liquidity risk for NBFCs
Why Invest
- Hinduja Leyland Finance (HLF) is a subsidiary of Ashok Leyland Limited (ALL), a leading player in the domestic commercial vehicle segment. ALL is highly rated and holds a 'CARE AA; Negative/ CARE A1+' rating.
- The Hinduja Group, to which HLF belongs, has a diverse presence in industries such as automotive, banking and finance, information technology (IT)/information technology-enabled services (ITES), and energy and chemicals.
- HLF holds strategic importance as a subsidiary for ALL, with 34% of HLF's Assets Under Management (AUM) consisting of vehicles from Ashok Leyland Limited as of March 31, 2021.
- Being part of the Hinduja Group provides HLF with significant financial flexibility, allowing it to mobilize funds from various sources at competitive rates.
- The company has a countrywide presence and operates in the major cities
Financial Snapshot
- Segment
- Vehicle Finance NBFC
- Focus
- CV & Asset Finance
FAQs
Online platforms like Digifinn.com can help you gather information about the HLF IPOs or NCDs or Bonds.
Since the company has the advantage of group company advantage, the growth rate of good. You may expect a better return on your investment in Hinduja Leyland Finance Limited NCD IPOs.
It is better you consider the creditworthiness and credit rating allocated to an issuer prior to your decision of investing or buying Hinduja Leyland Finance Limited NCDs.
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You can check online or visit the company-dedicated website for the Hinduja Leyland Finance Limited IPO date.
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Disclaimer
The facts and information on this page are for information and awareness purposes only. No information provided here is intended for any specific user and should not be construed as investment advice or a recommendation of any kind. Consult your professional investment or tax advisor before investing in any securities, including bonds mentioned on this page. Digifinn (Launchpad Fintech Private Limited) shall not be liable for losses incurred based on decisions made using information on this page. Investments in debt securities are subject to credit, market, liquidity and default risks. Past performance is not indicative of future results. Verify the latest credit ratings, offer documents and suitability before investing.