Hinduja Leyland Finance Limited
- Unlisted share
- Financial Services
- ISIN INE146O01014
At a glance
Sales
FY26
₹7,867 Cr
+28.3%on FY25What the company earned from its customers in the year.
Profit
FY26
₹871 Cr
+12.6%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹12,740 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹10,505 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Hinduja Leyland Finance Limited
- ISIN
- INE146O01014
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹233.64
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Hinduja Leyland Finance Limited
Hinduja Leyland Finance is a non-banking finance company that mainly finances commercial vehicles, along with two-wheelers, cars, construction equipment and loans against property; it also owns Hinduja Housing Finance. It is a subsidiary of Ashok Leyland Limited, which held 61.12% at 31 March 2026, and is part of the Hinduja group. A scheme to merge it into the listed company NDL Ventures Limited is before the NCLT, which would give its shareholders listed shares.
Written from: hindujaleylandfinance.com, hindujaleylandfinance.com
Listing status. No IPO. Equity shares are not listed. A scheme of merger by absorption into NDL Ventures Limited (a listed company) is in progress: the NCLT Mumbai admitted the petition by an order dated 13 August 2026 and fixed 18 September 2026 for hearing. Hinduja Leyland Finance intimation to BSE dated 20 August 2026
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE146O01014
- Year of incorporation
- 2008
- Registered and corporate offices
- Mumbai, Maharashtra (registered office); Chennai, Tamil Nadu (corporate office)
- Holding company
- Ashok Leyland Limited (holding company, 61.12%)
- Key people
- Managing Director & Chief Executive Officer: Sachin Pillai; Chief Financial Officer: Vikas Jain
- Employees
- 2,387 people
- Face value per equity share
- ₹10
- Paid-up equity shares
- 54,52,73,490 shares
- CIN
- U65993MH2008PLC384221
- Official website
- hindujaleylandfinance.com
Read from: Hinduja Leyland Finance annual report FY2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
14.6×
At this price you pay ₹14.6 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
1.21×
At this price you pay ₹1.21 for every ₹1 of net worth on the company's books.
Profit margincalculated
11.1%
Out of every ₹100 of sales, ₹11.1 was left as profit.
Return on equitycalculated
8.3%
For every ₹100 of the owners' money, the company made ₹8.3 of profit in the year.
Debt to equitycalculated
5.62×
The company has borrowed ₹5.62 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹233.64
- Market valuecalculated
- ₹12,740 Cr
- price × shares
- No. of shares
- 54,52,73,490
- EPS
- ₹15.98
- Book value per share
- ₹192.65
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Hinduja Leyland Finance Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹4,572 Cr to ₹7,867 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY26: ₹636 Cr to ₹871 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Total revenue from operations | 4,571.94 | 6,133.75 | 7,866.88▲28% |
| Other income | 87.3 | 146.76 | 258.46▲76% |
| Total revenue (including other income) | 4,659.24 | 6,280.51 | 8,125.34▲29% |
| Depreciation and amortisation | 46.09 | 87.02 | 111.9▲29% |
| Finance costs | 2,561.61 | 3,540.37 | 4,286.26▲21% |
| Profit before tax | 841.39 | 1,039.81 | 1,178.47▲13% |
| Profit/(loss) after tax | 636.43 | 773.8 | 871.13▲13% |
| Basic earnings per share (₹) | 11.89 | 14.46 | 15.98▲11% |
| Impairment on financial instruments | 572.85 | 651.95 | 1,400.53▲115% |
| Interest income | 4,010.58 | 5,364.37 | 6,681.1▲25% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Hinduja Leyland Finance annual report 2024-25, Hinduja Leyland Finance annual report 2025-26.
Credit rating. CARE AA+ (Stable) and CRISIL AA+ (Stable) on long-term bank facilities, non-convertible debentures and subordinated debt; NCD ratings reaffirmed by CARE in October 2025 and by CRISIL in January 2026 (FY2025-26) Hinduja Leyland Finance annual report FY2025-26
Ownership
Shareholding pattern
Who owns the company
61.1%Ashok Leyland Limited (holding company)
- Largest holder
- 61.1%
- Top 3 together
- 78.7%
- Holders named
- 4
- Ashok Leyland Limited (holding company)61.12%
- Hinduja Automotive Limited11.13%
- Abridge Investments Ltd6.42%
- Aviator Global Investment Fund5.23%
- Total83.90%
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 25 Mar 2025One crore equity shares allotted to the parent, Ashok Leyland Limited, at a premium of ₹190 over the ₹10 face value; the total amount is not separately stated in the passage read. | Preferential allotment | Equity shares of ₹10 each | ₹200 | Not stated |
Leadership
Management
Dheeraj G Hinduja
Non-Independent Non-Executive Chairman
Sachin Pillai
Managing Director & Chief Executive Officer
Vikas Jain
Chief Financial Officer
Sridharan Kesavan
Independent Director (appointed 2 September 2025)
Corporate calendar
Events
- 13 Aug 2026NCLT orderNCLT admitted the merger petition and fixed 18 September 2026 for hearingOpen
- 30 Jul 2026MergerNCLT-convened meetings of equity shareholders and unsecured creditors held on the merger schemeOpen
- 17 Jun 2026NCLT orderNCLT Mumbai directed meetings of shareholders and unsecured creditors on the merger into NDL VenturesOpen
- 30 Jan 2026EGMExtraordinary general meeting held (director appointment approved)Open
- 1 Dec 2025EGMExtraordinary general meeting held (director appointment approved)Open
- 2 Sept 2025AGM17th Annual General Meeting; joint statutory auditors appointed for three yearsOpen
- 25 Mar 2025Preferential allotmentOne crore equity shares allotted to Ashok Leyland on a preferential basisOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Hinduja Leyland Finance Limited on WhatsAppIs the price shown for Hinduja Leyland Finance Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Hinduja Leyland Finance Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Hinduja Leyland Finance Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Hinduja Leyland Finance Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.