Security Name: 7.85% Uno Minda Limited 26 Feb 2027
ISIN:
INE405E08036
Taxable
Tax Category
26 Feb, 2027
Maturity Date
(1 Yr 10 Mo 1 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
06 Aug, 2024
Allotment Date
NA
Put Date
26 Feb, 2026
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
7.85%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
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?
An investment secured with collateral helps
ISSUER
Uno Minda Limited
Uno Minda Limited (erstwhile Minda Industries Limited; changed w.e.f. July 14, 2022), the flagship company of the Uno Minda Group, is one of the most diversified auto component manufacturers in India with a presence across multiple product segments, including automotive switches, lighting, acoustics, alloy wheel and die-casting, seatings, and others. The company enjoys market leadership across products, being the largest supplier of switches for passenger vehicles (PVs) and two wheelers (2Ws) as well as for automotive horns in India. Furthermore, it is the largest manufacturer of PV alloy wheels by capacity.
The ratio in FY24 is 0.87x and it was 0.83x in FY23, indicating increase in the debt level due to increase in the borrowings as well as finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 12.46x and it was 19.17x in FY23, indicating decreased debt servicing ability of the issuer due to increase in Interest on borrowings which led to overall increase in the finance cost .
Interest coverage ratio
Recent News
Uno Minda and Tokai Rika open new manufacturing plant in Rajasthan
Aug 23, 2024 | Uno Minda Limited
UNO Minda Consolidated June 2024 Net Sales at Rs 3,817.51 crore, up 23.44% Y-o-Y
Aug 16, 2024 | Uno Minda Limited
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STEPS TO BUY THIS BOND
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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 INE405E08036 |
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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 |
|---|
| 7.85% Uno Minda Limited 26 Feb 2027 |
| Credit Rating |
|---|
| AA + /Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
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| 7.850000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 26/02/2027 |
| Security |
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| Senior Unsecured |
| 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.
