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HINDUJALEYLAND· ISIN INE146O01014· Chennai, India· Est. 2008 Verified
Hinduja Leyland Finance Limited logo

Hinduja Leyland Finance Limited

Financial Services / Non-Banking Financial Company (NBFC) - Vehicle Finance and Retail Lending
₹236+0.00%

vs. prev. close ₹236

52W High

₹259

52W Low

₹226

Market cap

₹12,868 Cr

IPO stage

No DRHP filed

Risk level

Moderate

CIN

U65993TN2008PLC069837

Price History

52W High

₹259

52W Low

₹226

About Hinduja Leyland Finance Limited

Hinduja Leyland Finance Limited is the dedicated financial services arm of the Hinduja Group, operating as a non-deposit-accepting middle-layer NBFC with an exclusive financing relationship with Ashok Leyland, India's second-largest commercial vehicle manufacturer.

The Short Version

Hinduja Leyland Finance Limited is the NBFC arm of the Hinduja Group, financing commercial vehicles, passenger vehicles, tractors, construction equipment, and two-wheelers, alongside a financial inclusion book for rural and semi-urban borrowers. On a consolidated basis, FY26 revenue grew to ₹8,125.34 crore from ₹6,280.51 crore, and net profit rose to ₹871.13 crore from ₹773.80 crore. The consolidated loan book expanded 24% year on year to ₹59,397.61 crore as of March 2026, funded through a mix of debt securities, long-term borrowings, and subordinated debt.

Why It Trades Where It Does

As of September 2, 2026, at the desk price of ₹242, Hinduja Leyland Finance trades at roughly 15.1x FY26 consolidated EPS of ₹15.98 and 1.3x book value of ₹192.66 per share, for a market cap near ₹13,195 crore. That's a meaningful discount to India's large listed NBFC peers: Shriram Finance trades around 22-23x P/E and 2.5-3x P/B, while Cholamandalam Investment and Finance trades around 28x P/E and 5-6x P/B. Part of the gap is the usual unlisted illiquidity discount, but HLF's FY26 ROE of 8.3% also trails both peers (Shriram around 15%, Chola around 17%) by a wide margin, driven partly by impairment charges more than doubling year on year.

Top Risks

Impairment on financial instruments more than doubled to ₹1,400.53 crore in FY26 from ₹651.95 crore in FY25, compressing an already-thin 8.3% ROE.

Heavy reliance on wholesale funding: borrowings, debt securities, and subordinated liabilities total roughly ₹59,000 crore against ₹10,505 crore of equity, a leverage level typical for NBFCs but sensitive to funding-cost swings.

Trades at a lower ROE than large listed NBFC peers (Shriram Finance around 15%, Cholamandalam around 17%), a gap investors should understand before assuming the valuation discount is purely about liquidity.

Top Opportunities

Consolidated loan book grew 24% year on year to ₹59,397.61 crore as of March 2026, among the stronger growth rates in the vehicle-finance NBFC space.

Backed by the Hinduja Group, giving access to capital, brand trust, and cross-group distribution in commercial and passenger vehicle financing.

FY26 revenue grew 29% year on year to ₹8,125.34 crore, with fee/commission income and rental income both scaling well ahead of the core interest-income line.

Disclaimer

Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on platform transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.

Company Details

Industry

Financial Services / Non-Banking Financial Company (NBFC) - Vehicle Finance and Retail Lending

Founded

2008

Headquarters

Chennai, India

Min Lot Size

500

Face Value

₹10.00

Total Shares

545244490

Regulatory Information

Corporate Identity Number (CIN)

U65993TN2008PLC069837

PAN Number

AACCH1807P

ISIN

INE146O01014

Depository

NSDL & CDSL

Registrar & Transfer Agent (RTA)

KFin Technologies

Key Valuation Ratios

As of FY2026 Annual · updated 02 Sept 2026Derived

Valuation

Market Cap

₹12,867.77 Cr

P/E Ratio

14.77×

P/S Ratio

10.85×

P/B Ratio

1.22×

EV / EBITDA

4.46×

Returns & Per Share

ROE

8.29%

EPS

₹15.98

Book Value / Share

₹192.66

Solvency

Debt / Equity

—

Interest Coverage

—

Company Fundamentals

As of FY2026 Annual · updated 02 Sept 2026

Gross Profit

—

EBITDA

₹1,290.37 Cr

Revenue Growth

54.12%

Profit Margin

73.47%

Performance Trends

5 annual periods · derived from filed statements

As of FY2026 Annual · updated 02 Sept 2026

Revenue

₹ Cr

Net Profit

₹ Cr · losses in red

Earnings Per Share

₹ per share

Return on Equity

ROE %

Return on Capital Employed

ROCE %

EBITDA Margin

108.82%

Financial Statements

As of FY2026 Annual · updated 02 Sept 2026
Disclosed reportedDerived calculated
Line itemFY2022FY2023FY2024FY2025FY2026
Total Income
Revenue from operationsDisclosed300.19₹ Crore339.1₹ Crore561.36₹ Crore769.38₹ Crore1,185.75₹ Crore
Other incomeDisclosed26.25₹ Crore49.45₹ Crore87.3₹ Crore146.76₹ Crore258.46₹ Crore
Total IncomeDerived3,106₹ Crore3,501.55₹ Crore4,659.24₹ Crore6,280.51₹ Crore8,125.31₹ Crore
Expenses
Employee benefits expenseDisclosed185.55₹ Crore220.93₹ Crore340.62₹ Crore455.62₹ Crore563.47₹ Crore
Depreciation and amortization expenseDisclosed17.06₹ Crore19.19₹ Crore46.09₹ Crore87.02₹ Crore111.9₹ Crore
Operating expensesDisclosed66.48₹ Crore67.96₹ Crore103.37₹ Crore226.69₹ Crore195.42₹ Crore
Other expensesDisclosed106.55₹ Crore172.67₹ Crore193.31₹ Crore279.05₹ Crore380.62₹ Crore
Total ExpensesDerived2,657.18₹ Crore2,848.65₹ Crore3,817.85₹ Crore5,240.7₹ Crore6,938.2₹ Crore
Profit
Exceptional itemsDisclosed————-8.64₹ Crore
Profit before taxDerived448.82₹ Crore652.9₹ Crore841.39₹ Crore1,039.81₹ Crore1,178.47₹ Crore
Tax expenseDisclosed107.93₹ Crore162.91₹ Crore204.96₹ Crore266.01₹ Crore307.34₹ Crore
Profit After TaxDerived340.89₹ Crore489.99₹ Crore636.43₹ Crore773.8₹ Crore871.13₹ Crore
Total Income
Interest earnedDisclosed2,779.56₹ Crore3,113₹ Crore4,010.58₹ Crore5,364.37₹ Crore6,681.1₹ Crore
Expenses
Interest expendedDisclosed1,534.11₹ Crore1,721.12₹ Crore2,561.61₹ Crore3,540.37₹ Crore4,286.26₹ Crore
Total Income
Net Interest IncomeDerived1,245.45₹ Crore1,391.88₹ Crore1,448.97₹ Crore1,824₹ Crore2,394.84₹ Crore
Expenses
Provisions and contingenciesDisclosed747.43₹ Crore646.78₹ Crore572.85₹ Crore651.95₹ Crore1,400.53₹ Crore
Asset Quality
Gross NPADisclosed4.2₹ Crore4.87₹ Crore4.3₹ Crore3.63₹ Crore—
Net NPADisclosed2.8₹ Crore3.34₹ Crore2.7₹ Crore2.13₹ Crore—
Gross NPA (%)Disclosed———2.8%3.5%
Net NPA (%)Disclosed———1.6%2%

Documents Library

Access all financial reports and filings

Annual Report

2026-annual-report-.pdf

3.4 MB

annual report 2022

2022
2.6 MB

annual report 2024

2024
2.6 MB

annual report 2025

2025
7.6 MB

Income Statement

financial result 2025

2025
4.8 MB

Document

Hinduja Leyland Finance : Fundraising INR 200 Cr (EGM)

2025
0.7 MB

Shareholding Pattern

Ashok Leyland Limited (Holding Company)

61.12%

Hinduja Automotive Limited

11.13%

Others

9.77%

Abridge Investments Ltd

6.42%

Aviator Global Investment Fund

5.23%

Elara India Opportunities Fund Limited

4.75%

D

Dheeraj G Hinduja

Chairman

20+

LinkedIn
S

Sachin Pillai

MD & CEO

20+

LinkedIn
V

Vikas Jain

CFO

20+

LinkedIn

EGM Notice

egm
19/06/2026

Seeking Shareholder Approval to increase borrowing limit to ₹85,000 Crores, Issuance of NCDs/PDIs worth ₹18,000 Crore, and MD & CEO's remuneration.

Download Attachment

Hinduja Leyland Finance : Fundraising 200 Cr - EGM Notice

egm
2025-03-12

Hinduja Leyland Finance is Raising 200 Cr from Ashok Leyland

Express buy interest

No commitment — the desk will reach out

Current Price

₹236
+0.00%
Min lot: 500
Price/share₹236
Quantity100
Estimated Total₹23,600

Secure & Verified Transaction

Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.

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52 Week Range
₹226
₹259

About Hinduja Leyland Finance Limited unlisted shares

Indicative · updated daily

Hinduja Leyland Finance Limited unlisted share price today

Hinduja Leyland Finance Limited unlisted share price today is ₹236 as of 16 October 2026.

Hinduja Leyland Finance Limited — frequently asked questions

What is the grey market price for Hinduja Leyland Finance Limited?

No IPO is currently announced for Hinduja Leyland Finance Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.

Has Hinduja Leyland Finance Limited filed for an IPO, and when might it list?

Hinduja Leyland Finance Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.

How does Hinduja Leyland Finance Limited compare to its listed peers?

There is no closely comparable listed company for Hinduja Leyland Finance Limited in India today.

Is Hinduja Leyland Finance Limited on the SME or Mainboard IPO track?

Hinduja Leyland Finance Limited has not filed a draft red herring prospectus, so no IPO track is set yet.

What is Hinduja Leyland Finance Limited's CIN and registered office?

Hinduja Leyland Finance Limited's Corporate Identity Number is U65993TN2008PLC069837, registered at Chennai, India.

What is Hinduja Leyland Finance Limited's market capitalisation?

Hinduja Leyland Finance Limited's market capitalisation is approximately ₹12,868 crore, based on its current unlisted share price.

All Financial Services / Non-Banking Financial Company (NBFC) - Vehicle Finance and Retail Lending →

Buying, selling and holding unlisted shares

Applies to every company on Priveq
How do I buy Hinduja Leyland Finance Limited unlisted shares?

Priveq Investech Private Limited is the named counterparty on every transaction. To buy Hinduja Leyland Finance Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Hinduja Leyland Finance Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.

How do I sell Hinduja Leyland Finance Limited unlisted shares?

Submit an Express Sell Interest for Hinduja Leyland Finance Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Hinduja Leyland Finance Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.

What is the minimum investment for Hinduja Leyland Finance Limited unlisted shares?

Minimum investment varies by company and is shown as the Min Investment figure on this page. Hinduja Leyland Finance Limited's minimum is ₹1,18,000.

Is there a maximum investment limit?

There's no fixed maximum investment limit for Hinduja Leyland Finance Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.

Is buying Hinduja Leyland Finance Limited unlisted shares legal in India?

Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.

What is the lock-in period for Hinduja Leyland Finance Limited unlisted shares?

Hinduja Leyland Finance Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.

What happens if Hinduja Leyland Finance Limited's IPO is delayed or withdrawn?

If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.

How are capital gains on Hinduja Leyland Finance Limited unlisted shares taxed?

If you sell unlisted shares, including Hinduja Leyland Finance Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Hinduja Leyland Finance Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.

Can NRIs invest in Hinduja Leyland Finance Limited unlisted shares?

Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.

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No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.

How does Priveq determine the desk price for Hinduja Leyland Finance Limited?

Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Hinduja Leyland Finance Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Hinduja Leyland Finance Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.

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