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Security Name: 10.48% Electronica Finance Limited 15 May 2031

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ISIN:
INE612U07126
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Taxable

Tax Category

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15 May, 2031

Maturity Date
(5 Yr 11 Mo 1 D to mature)

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Half Yearly

Interest Payment Frequency

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No

NRI Eligibility

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29 Aug, 2024

Allotment Date

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NA

Put Date

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15 Aug, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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10.48%

Coupon

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Fixed Interest

Coupon Basis

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Quote Not Available

Current Yield

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31 Jul, 2025

Record Date

YOUR EARNING

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Your Investment

Quote Not Available

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Final Payout

₹0

Payment Schedule(Date)
Interest Payout(₹)
Interest Payout(₹) Post TDS
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Electronica Finance Limited

Pune-based EFL is a non-deposit taking NBFC engaged in asset financing since 1990. The company extends loans to MSME for various needs such as working capital, MF and industrial property financing. EFL also finances NBFCs/microfinance institutions and emerging enterprises. The company has a presence in tier 2 and tier 3 cities across 16 states and one union territory through 175 branches.

The ratio in FY24 is 6.24x and it was 8.36x in FY23. It indicates that the company’s debt level has decreased even though there is an increase in borrowings but there is an increase in profit due to which the issuer is able to maintain its profitability.

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Debt/EBITDA

The ratio is 1.44x and it was 1.47x in FY23,indicating slight decrease in the debt servicing ability of the issuer due to increase in the interest on borrowings which resulted in increase in the finance cost.

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Interest coverage ratio

Recent News
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Swiss impact investor signs deal with Electronica Finance

Mar 27, 2024 | Electronica Finance Limited

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Electronica Finance enters Telangana market to extend loans to MSMEs

Mar 27, 2024 | Electronica Finance Limited

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Electronica Finance secures $48 m in Series-B funding led by LeapFrog Investments

Sep 04, 2024 | Electronica Finance Limited

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STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
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₹NaN
Principal Amount
₹NaN
Accrued Interest from Feb 15, 2025

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BOND VALUE DETAILS

Face Value
₹1,00,000
Market Value
₹NaN
Stamp Duty
₹0
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Total Investment
Quote Not Available
Cashflow for INE612U07126
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
10.48% Electronica Finance Limited 15 May 2031
Credit Rating
A by IND
Coupon Frequency
Half Yearly
Face Value
₹1,00,000
Coupon
10.480000%
YTM or YTC
YTM
Maturity Date
15/05/2031
Security
Senior Secured
No. of Bonds
NaN
Settlement Date
Jun 13,2025
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
₹NaN
Price
₹NaN
Yield
0%
YearPayment DateAmountAmount after TDSPayout Type

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.

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