Taxable
Tax Category
14 Jan, 2031
Maturity Date
(6 Yr 1 Mo 9 D to mature)
Quarterly
Interest Payment Frequency
Yes
NRI Eligibility
15 Jan, 2021
Allotment Date
NA
Put Date
10 Mar, 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
Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
11.01%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Meghalaya Energy Corporation Limited (MECL) is a state-owned electric utility company which was incorporated in the year 2009. The company is headquartered in Shillong and is engaged in the business of generation, transmission and distribution of hydro power.
The ratio in FY23 is 6.85x and it was 3.35x in FY22, indicating increase in debt levels, due to increase in borrowings.
Debt/EBITDA
The ratio in FY23 1.99x and it was 2.28x in FY22, indicating decrease in the debt servicing ability of the issuer due to decrease in the profitability.
Interest coverage ratio
Jun 01, 2023 | Meghalaya Energy Corporation Limited
Apr 08, 2024 | Meghalaya Energy Corporation Limited
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BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.