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11.60%Hinduja Leyland Finance Limited 29 Sep 2024

ISIN:
INE146O08159
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Taxable

Tax Category

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29 Sep, 2024

Maturity Date
(2 Mo 9 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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29 Mar, 2019

Allotment Date

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NA

Put Date

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29 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA Stable
CRISIL
AA Stable
CARE
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Hinduja Leyland Finance Limited

HLF, incorporated in 2008, commenced operations in 2010. It was promoted as a captive financier by the Hinduja group’s flagship automobile manufacturing company, Ashok Leyland. Gradually, HLF ventured into financing of non- Ashok Leyland vehicles, and forayed into the LAP segment in fiscal 2015. Apart from commercial vehicles, the company also funds purchase of two- and three-wheelers, tractors, construction equipment and used CVs. The company has also been buying portfolios over the past two years to diversify its product profile, thereby augmenting net interest margin.

The ratio in FY23 is 10.5x and it was 8.3x in FY22, indicating the increased debt levels due to increase in borrowings.

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Debt/EBITDA

The ratio in FY23 is 1.3x and it was 1.2x in FY22, indicating a slight increase in debt servicing ability of the issuer due to increase in profits.

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Interest coverage ratio

Recent News
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Kotak Mahindra Investment, Hinduja Leyland Finance to raise up to Rs 540 cr via bonds

Mar 26, 2024 | Hinduja Leyland Finance Limited

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BackBack Hinduja Group aims for value creation of $35-40 bn in BFSI sector, confident of acquiring Reliance Capital

Mar 26, 2024 | Hinduja Leyland Finance Limited

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