9.40%Hinduja Leyland Finance Limited 30 Jan 2031
ISIN:
INE146O08241
Taxable
Tax Category
30 Jan, 2031
Maturity Date
(6 Yr 6 Mo 2 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
30 Nov, 2023
Allotment Date
NA
Put Date
30 Nov, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
Kotak Mahindra Investment, Hinduja Leyland Finance to raise up to Rs 540 cr via bonds
Mar 26, 2024 | Hinduja Leyland Finance Limited
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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