Security Name: 10.00% Belstar Microfinance Limited 01 Aug 2025
ISIN:
INE443L08156
Taxable
Tax Category
01 Aug, 2025
Maturity Date
(3 Mo 4 D to mature)
Quarterly
Interest Payment Frequency
No
NRI Eligibility
01 Aug, 2023
Allotment Date
NA
Put Date
01 Feb, 2024
Next Interest Payment Date
6 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
Quote Not Available
Dirty Price
10%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*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?
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ISSUER
Belstar Microfinance Limited
BML was incorporated in January 1988 and registered with the RBI as a non-deposit-taking NBFC in March 2001. BML started its microfinance operations in April 2009 at the Haveri district of Karnataka. BML provides loans in the urban and semiurban districts under the SHG or joint liability group-based lending models. As on March 31, 2022, BML was operating with 729 branches in 186 districts.
The ratio in FY24 is 6.74x and it was 8.53x in FY23, indicating decreased debt levels, even though there is increase in debt as well as borrowing but still able to maintain profitability.
Debt/EBITDA
The ratio in FY24 is 1.76x and it was 1.46x in FY23, indicating increase in debt servicing ability due to increase in the profitability of the issuer.
Interest coverage ratio
Recent News
Muthoot Finance hikes stake to 59% in microfinance subsidiary for Rs 43 crore
Apr 01, 2024 | Belstar Microfinance Limited
Microfinance arm may hit IPO market in next 12 months
Apr 01, 2024 | Belstar Microfinance Limited
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE443L08156 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 10.00% Belstar Microfinance Limited 01 Aug 2025 |
| Credit Rating |
|---|
| AA Stable by CRISIL |
| Coupon Frequency |
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| Quarterly |
| Face Value |
|---|
| ₹75,000 |
| Coupon |
|---|
| 10.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 01/08/2025 |
| Security |
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| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| ₹NaN |
| Stamp Duty |
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| ₹0 |
| Total Amount Payable |
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| ₹NaN |
| Price |
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| ₹NaN |
| Yield |
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| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
