Hero FinCorp Ltd
Captive two-wheeler financier that has grown into a diversified retail and SME lender.
Market cap
₹12,642 Cr
12.90 Cr shares
P/E ratio
9.52
Sector average 21
Book value
₹727.05
P/B 1.35
1-year return
-29.50%
52w ₹980 – ₹1,980
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
-30.35% ₹1,407 → ₹980
52-week band in this window: ₹980.00 – ₹1,750.05. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Captive access to the Hero MotoCorp dealer network for two-wheeler originations.
- Loan book diversified across two-wheelers, LAP, SME and personal loans; AUM above ₹60,000 Cr.
- DRHP filed; issue includes a fresh raise to fund capital adequacy for growth.
About Hero FinCorp
Hero FinCorp is the financial services arm of the Hero MotoCorp group, originally set up to finance two-wheeler purchases through the parent's dealership network.
The book has since diversified into used-car loans, loans against property, unsecured personal and business loans, and SME term lending.
Distribution leans on the group dealer network plus a growing branch and digital footprint across tier-2 and tier-3 markets.
Where the revenue comes from
- Two-wheeler finance34%
Captive originations through group dealerships
- Loans against property & mortgages27%
Secured lending to self-employed borrowers
- SME & business loans22%
Working capital and term loans
- Personal & used-car loans17%
Retail unsecured and used-vehicle finance
Products & services
Two-wheeler loans
Point-of-sale finance through Hero MotoCorp dealerships.
Loans against property
Secured lending to self-employed and small business owners.
SME & business loans
Working capital, term and supply-chain finance.
Personal & used-car loans
Digital-first unsecured retail and used-vehicle finance.
What works
- • Privileged access to the parent's dealership network gives low-cost customer acquisition in two-wheeler finance.
- • Diversified book reduces dependence on any single product line.
- • Strong parentage supports credit ratings and therefore borrowing cost.
What to watch
- • Unsecured retail and SME exposure makes credit cost sensitive to macro stress.
- • Net interest margin compresses when funding costs rise faster than lending yields.
- • Asset quality in the two-wheeler segment is structurally more volatile than secured lending.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Hero FinCorpThis page | ₹980.00 | ₹12,642 Cr | 9.52 | 1.35 | +15.82% |
| HLF | ₹234.00 | ₹12,496 Cr | 11.65 | 1.66 | +15.08% |
| Care Health | ₹145.00 | ₹15,196 Cr | 16.53 | 3.59 | +20.87% |
Latest reported year: FY26 ending 31 Mar 2026.