
Hinduja Leyland Finance Limited
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
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 2026Gross Profit
—
EBITDA
₹1,290.37 Cr
Revenue Growth
54.12%
Profit Margin
73.47%
Performance Trends
5 annual periods · derived from filed statements
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
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 300.19₹ Crore | 339.1₹ Crore | 561.36₹ Crore | 769.38₹ Crore | 1,185.75₹ Crore |
| Other incomeDisclosed | 26.25₹ Crore | 49.45₹ Crore | 87.3₹ Crore | 146.76₹ Crore | 258.46₹ Crore |
| Total IncomeDerived | 3,106₹ Crore | 3,501.55₹ Crore | 4,659.24₹ Crore | 6,280.51₹ Crore | 8,125.31₹ Crore |
| Expenses | |||||
| Employee benefits expenseDisclosed | 185.55₹ Crore | 220.93₹ Crore | 340.62₹ Crore | 455.62₹ Crore | 563.47₹ Crore |
| Depreciation and amortization expenseDisclosed | 17.06₹ Crore | 19.19₹ Crore | 46.09₹ Crore | 87.02₹ Crore | 111.9₹ Crore |
| Operating expensesDisclosed | 66.48₹ Crore | 67.96₹ Crore | 103.37₹ Crore | 226.69₹ Crore | 195.42₹ Crore |
| Other expensesDisclosed | 106.55₹ Crore | 172.67₹ Crore | 193.31₹ Crore | 279.05₹ Crore | 380.62₹ Crore |
| Total ExpensesDerived | 2,657.18₹ Crore | 2,848.65₹ Crore | 3,817.85₹ Crore | 5,240.7₹ Crore | 6,938.2₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | — | — | — | — | -8.64₹ Crore |
| Profit before taxDerived | 448.82₹ Crore | 652.9₹ Crore | 841.39₹ Crore | 1,039.81₹ Crore | 1,178.47₹ Crore |
| Tax expenseDisclosed | 107.93₹ Crore | 162.91₹ Crore | 204.96₹ Crore | 266.01₹ Crore | 307.34₹ Crore |
| Profit After TaxDerived | 340.89₹ Crore | 489.99₹ Crore | 636.43₹ Crore | 773.8₹ Crore | 871.13₹ Crore |
| Total Income | |||||
| Interest earnedDisclosed | 2,779.56₹ Crore | 3,113₹ Crore | 4,010.58₹ Crore | 5,364.37₹ Crore | 6,681.1₹ Crore |
| Expenses | |||||
| Interest expendedDisclosed | 1,534.11₹ Crore | 1,721.12₹ Crore | 2,561.61₹ Crore | 3,540.37₹ Crore | 4,286.26₹ Crore |
| Total Income | |||||
| Net Interest IncomeDerived | 1,245.45₹ Crore | 1,391.88₹ Crore | 1,448.97₹ Crore | 1,824₹ Crore | 2,394.84₹ Crore |
| Expenses | |||||
| Provisions and contingenciesDisclosed | 747.43₹ Crore | 646.78₹ Crore | 572.85₹ Crore | 651.95₹ Crore | 1,400.53₹ Crore |
| Asset Quality | |||||
| Gross NPADisclosed | 4.2₹ Crore | 4.87₹ Crore | 4.3₹ Crore | 3.63₹ Crore | — |
| Net NPADisclosed | 2.8₹ Crore | 3.34₹ Crore | 2.7₹ Crore | 2.13₹ Crore | — |
| Gross NPA (%)Disclosed | — | — | — | 2.8% | 3.5% |
| Net NPA (%)Disclosed | — | — | — | 1.6% | 2% |
Documents Library
Access all financial reports and filings
EGM Notice
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 AttachmentHinduja Leyland Finance : Fundraising 200 Cr - EGM Notice
Hinduja Leyland Finance is Raising 200 Cr from Ashok Leyland
Express buy interest
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Current Price
₹236Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
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About Hinduja Leyland Finance Limited unlisted shares
Indicative · updated dailyHinduja 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.
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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.
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- 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.
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- 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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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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