Security Name: 7.50% Grasim Industries Limited 10 Jun 2027
ISIN:
INE047A08190
Taxable
Tax Category
10 Jun, 2027
Maturity Date
(2 Yr 15 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
10 Jun, 2022
Allotment Date
NA
Put Date
10 Jun, 2024
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
7.5%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
26 May, 2024
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
Grasim Industries Limited
Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. Grasim has completed 76 glorious years of its existence.. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.
The ratio in FY24 is 3.31x and it was 1.28x in FY23 , indicating increase in the debt level due to increase in the borrowing as well as dip in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 3.73x and it was 8.19x in FY23, indicating decreased debt servicing ability of the issuer due to increase in the Interest on Borrowings which led to overall increase in the finance cost of the issuer.
Interest coverage ratio
Recent News
Grasim Industries gets Rs 5,000 cr term loan from Axis Bank.
Jun 01, 2023 | Grasim Industries 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, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE047A08190 |
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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 |
|---|
| 7.50% Grasim Industries Limited 10 Jun 2027 |
| Credit Rating |
|---|
| AAA Stable by ICRA AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 7.500000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 10/06/2027 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹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.
