Security Name: 12.90% Electronica Finance Limited 26 Sept 2029
ISIN: INE612U08058
Taxable
Tax Category
26 Sep, 2029
Maturity Date
(4 Yr 1 Mo 7 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
26 Mar, 2024
Allotment Date
NA
Put Date
28 Feb, 2025
Next Interest Payment Date
6 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
12.9%
Coupon
Fixed Interest
Coupon Basis
11.8526%
Current Yield
22 Feb, 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
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.
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.
Interest coverage ratio
Recent News
Swiss impact investor signs deal with Electronica Finance
Mar 27, 2024 | Electronica Finance Limited
Electronica Finance enters Telangana market to extend loans to MSMEs
Mar 27, 2024 | Electronica Finance Limited
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
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, send a request for the Rating Rationale. You will receive an email shortly.
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE612U08058 |
|---|
| 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 |
|---|
| 12.90% Electronica Finance Limited 26 Sept 2029 |
| Credit Rating |
|---|
| A- Stable by IND |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 12.900000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 26/09/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 19,2025 |
| Principal Amount |
|---|
| ₹1,08,837.2 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,08,837.2 |
| Price |
|---|
| ₹108.8372 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | 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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