10.40%Satin Creditcare Network Limited 30 Apr 2027
ISIN:
INE836B07857
Taxable
Tax Category
30 Apr, 2027
Maturity Date
(2 Yr 6 Mo 9 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
02 May, 2024
Allotment Date
NA
Put Date
02 Nov, 2024
Next Interest Payment Date
14 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
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
Satin Creditcare Network Limited
Satin Creditcare was set up in 1990 to provide individual business loans to urban shopkeepers, and started providing group lending services to the rural poor in 2008. It was registered with the RBI as a deposit-taking NBFC under the name, Satin Leasing and Finance Company Limited. Following its conversion into a public limited company in 1994, the company was renamed Satin Creditcare Network Ltd. In 2000. Company’s microfinance operations are based on the Grameen Bank joint liability group (JLG) model and were spread across 1,078 branches in the country as on March 31, 2023.
The ratio in FY24 is 4.84x and it was 5.46x in FY23, indicating decrease in debt levels, due to increase in Profitability in FY24.
Debt/EBITDA
The ratio in FY24 is 1.68x and it was 1.59x in FY23, indicating improvement in issuers debt service ability, due to increase in revenue and profits.
Interest coverage ratio
Recent News
Satin Creditcare Network shares up on rating upgrade
Mar 13, 2024 | Satin Creditcare Network Limited
MediBuddy and Satin Creditcare Network Limited extend healthcare support to underserved communities of rural India
Mar 13, 2024 | Satin Creditcare Network Limited
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To know more about the Bond and the issuer, download the Information Memorandum.
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₹99.022
Price
11.3000%
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