Security Name: 10.00% Muthoottu Mini Financiers Limited 25 Apr 2027
ISIN:
INE101Q07AQ7
Taxable
Tax Category
25 Apr, 2027
Maturity Date
(2 Yr 3 Mo 7 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
25 Apr, 2024
Allotment Date
NA
Put Date
10 Feb, 2025
Next Interest Payment Date
15 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
₹NaN
Dirty Price
10%
Coupon
Fixed Interest
Coupon Basis
10.0251%
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?
An investment secured with collateral helps
ISSUER
Muthoottu Mini Financiers Limited
Muthoottu Mini Financiers Ltd was incorporated on March 18, 1998, and operated as an investment company for other group entities until FY06. MMFL then started gold loan advances from FY07 and undertook rapid branch expansions from FY09 onwards. The company was converted to a public limited company on November 27, 2013, and consequently, the name was changed from Muthoottu Mini Financiers Private Limited to MMFL. MMFL also operates as an agent of several money transfer services set-ups, realising agency commission for these services.
The ratio in FY24 is 7.02x and it was 7.97x in FY23, indicating even though there is increase in the borrowing but due to decrease in the debt level of the issuer there is improvement in the ratio.
Debt/EBITDA
The ratio in FY24 is 1.32x and it was 1.29x in FY23, indicating increasing debt service ability of the issuer due to significant increase in profitability in FY24.
Interest coverage ratio
Recent News
Muthoottu Mini to hire over 2000 people, reach 1000 branches by FY24-end
Mar 27, 2024 | Muthoottu Mini Financiers Limited
Muthoottu Mini Triumphs as ‘Best BFSI Brand
Aug 13, 2024 | Muthoottu Mini Financiers Limited
Muthoottu Mini Financiers launches NCD issue to raise ₹150 crore.
Nov 05, 2024 | Muthoottu Mini Financiers Limited
Related Videos
5 Cs of Credit Analysis
Character, Capacity, Capital, Collateral, and Claims priority: the quintessential factors.
Seniority Ranking
Demystifying the hierarchy that determines who gets paid first in the event of a default
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
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.
₹99.75
Clean Price
10.6069%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE101Q07AQ7 |
|---|
| 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). |
|---|
| Security Name |
|---|
| 10.00% Muthoottu Mini Financiers Limited 25 Apr 2027 |
| Credit Rating |
|---|
| A- Stable by CARE |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 10.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 25/04/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jan 16,2025 |
| Principal Amount |
|---|
| ₹99,750 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹99,750 |
| Price |
|---|
| ₹99.75 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Payout Type |
|---|
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.
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