Security Name: 7.99% Rashtriya Chemicals And Fertilizers Limited 07 Aug 2027
ISIN:
INE027A08028
Taxable
Tax Category
07 Aug, 2027
Maturity Date
(2 Yr 1 Mo 28 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
07 Aug, 2024
Allotment Date
NA
Put Date
07 Aug, 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
7.99%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
23 Jul, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
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*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
Rashtriya Chemicals And Fertilizers Limited
Rashtriya Chemicals and Fertilizers Limited (RCFL) is a leading fertilizers and chemicals manufacturing company with about 75% of its equity held by the Government of India. Company has been accorded the coveted “Navratna” status in August 2023. It has two operating units, one at Trombay in Mumbai and the other at Thal, Raigad district, about 100 KM from Mumbai. RCF manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.
The ratio in FY24 is 4.56x and it was 1.09x in FY23, indicating increase in debt level due to significant increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 2.65x and it was 6.69x in FY23, indicating that decrease in the debt coverage ratio due to the government has reduced rates of Nutrient Based Subsidy (NBS) since October 1, 2023, which has adversely impacted profitability of phosphatic and potassic fertilizers.
Interest coverage ratio
Recent News
RCFL Q1 results: Net profit down 84% at Rs 11 cr on higher finance cost
Sep 30, 2024 | Rashtriya Chemicals And Fertilizers Limited
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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 INE027A08028 |
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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 |
|---|
| 7.99% Rashtriya Chemicals And Fertilizers Limited 07 Aug 2027 |
| Credit Rating |
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| AA Stable by IND |
| Coupon Frequency |
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| Yearly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 7.990000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 07/08/2027 |
| 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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| ₹0 |
| 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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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.
