
Security Name: 8.20% Mahindra and Mahindra Financial Services Limited 21 Jul 2032
ISIN: INE774D08MV2
Taxable
Tax Category
21 Jul, 2032
Maturity Date
(6 Yr 10 Mo 3 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
21 Jul, 2022
Allotment Date
NA
Put Date
21 Jul, 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
8.2%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
06 Jul, 2026
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

Mahindra and Mahindra Financial Services Limited
Mahindra Finance, a non-banking financial company (NBFC), was incorporated in 1991. Mahindra Finance ranks among the larger NBFCs in India, and finances consumer purchases of UVs, LCVs, tractors, cars, and other assets. With over 24,000 employees, Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It has a network of over network 1340 offices, serving customers in more than 3, 80,000 villages– that’s one in every two villages in the country.
The ratio in FY25 is 8.48x and it was 9.12x in FY24, indicating decrease in the debt level due to 17% increase in the loan book, indicating strong demand and successful expansion within its existing market.
Debt/EBITDA
The ratio in FY25 is 1.40x and 1.37x in FY24, indicating slight increase in the debt servicing ability of the issuer due to growth in its core vehicle financing business, contributing significantly to the overall profitability increase.
Interest coverage ratio
Recent News

Mahindra Finance's December disbursements up 7% to ₹15,500 crore
Mar 29, 2024 | Mahindra and Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services receives credit ratings from India Ratings & Research
Nov 18, 2024 | Mahindra and Mahindra Financial Services Limited

Mahindra & Mahindra invests ₹1,652 crore in Mahindra Finance rights issue, raises stake to 52.49%
Jul 23, 2025 | Mahindra and Mahindra Financial Services Limited
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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BOND VALUE DETAILS
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Total Investment
Cashflow for INE774D08MV2 |
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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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8.20% Mahindra and Mahindra Financial Services Limited 21 Jul 2032 |
Credit Rating |
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AAA Stable by CARE AAA Stable by IND |
Coupon Frequency |
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Yearly |
Face Value |
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₹1,00,00,000 |
Coupon |
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8.200000% |
YTM or YTC |
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YTM |
Maturity Date |
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21/07/2032 |
Security |
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Unsecured Subordinated Tier 2 |
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 |
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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.