Security Name: 13.00% Satin Creditcare Network Limited 11 Sept 2026
ISIN:
INE836B07790
Taxable
Tax Category
11 Sep, 2026
Maturity Date
(1 Yr 8 Mo 18 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
01 Nov, 2023
Allotment Date
NA
Put Date
01 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
13%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
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?
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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
Satin Creditcare Q2 Results: Profit slumps 60% to Rs 42 crore
Nov 08, 2024 | Satin Creditcare Network Limited
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STEPS TO BUY THIS BOND
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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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Total Investment
| Cashflow for INE836B07790 |
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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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| 13.00% Satin Creditcare Network Limited 11 Sept 2026 |
| Credit Rating |
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| A Stable by ICRA |
| Coupon Frequency |
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| Half Yearly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 13.000000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 11/09/2026 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| ₹NaN |
| Accrued Interest |
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| Stamp Duty |
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| ₹0 |
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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.
