Security Name: 11.00% Kanakadurga Finance Limited 20 Dec 2025
ISIN:
INE104W07179
Taxable
Tax Category
20 Dec, 2025
Maturity Date
(7 Mo 16 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
20 Aug, 2024
Allotment Date
NA
Put Date
20 May, 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
Quote Not Available
Dirty Price
11%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
05 May, 2025
Record Date
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
Kanakadurga Finance Limited
Kanakadurga Finance Limited (Kanakadurga) was incorporated as a private limited company in 1994 to take over the vehicle financing business of the proprietary concerns floated by the promoters. The company was converted into a public limited company (closely held) in 1996, and the name of the company was changed to the current nomenclature during May 2015. Kanakadurga is registered as an asset financing company and non-deposit taking non-banking financial company (NBFC) with Reserve Bank of India (RBI) and is primarily engaged in the business of vehicle financing and gold loans. The company has presence in the states of Andhra Pradesh (A.P), Telangana, Karnataka, Tamil Nadu, Pondicherry and Gujarat.
The ratio in FY24 is 6.67x and it was 7.05x in FY23, indicating in the decrease in the debt level due to significant increase in the earning of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.16x and it was 1.09x in FY23, this indicates there are increase in the debt servicing ability of the issuer due to the commercial vehicle segment growing by 40% in FY24, which contributed to the overall increase in AUM led to increase in the profitability.
Interest coverage ratio
Recent News
Kanakadurga Leasing And Finance standalone net profit rises 65.25% in the June 2024 quarter
Sep 03, 2024 | Kanakadurga Finance Limited
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PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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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 INE104W07179 |
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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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| 11.00% Kanakadurga Finance Limited 20 Dec 2025 |
| Credit Rating |
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| BBB / Stable by CARE |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 11.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 20/12/2025 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 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.
