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8.98%Hero FinCorp Limited 03 Aug 2026

ISIN:
INE957N08029
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Taxable

Tax Category

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03 Aug, 2026

Maturity Date
(2 Yr 5 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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03 Aug, 2016

Allotment Date

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NA

Put Date

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04 Aug, 2025

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
ICRA
AA + /Stable
CRISIL
Subordinated Tier 2

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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Hero FinCorp Limited

HFCL was incorporated in December 1991 under the name, Hero Honda Finlease Limited. Furthermore, the company changed its name to Hero Fincorp Limited in July 2011. HFCL is a NBFC-ND-SI registered with RBI and is engaged in the business of lending towards various products under corporate and retail lending. The company is mainly into retail lending, retail SME lending and corporate lending.

The ratio in FY24 is 10.11x and it was 11.16x in FY23, indicating decrease in debt levels, due to significant increase in the profitability, even though there is increase in the borrowings of the issuer.

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Debt/EBITDA

The ratio in FY24 is 1.33x and it was 1.36x in FY22, indicating decrease  in issuers debt servicing ability, due to significant increase in the finance cost .

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Interest coverage ratio

Recent News
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Hero FinCorp’s PAT may cross Rs 1,000 crore in FY24

Mar 27, 2024 | Hero FinCorp Limited

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Hero FinCorp unveils new look for Bharat

Mar 27, 2024 | Hero FinCorp Limited

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STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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