Taxable
Tax Category
29 Mar, 2028
Maturity Date
(3 Yr 3 Mo 22 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
29 Mar, 2023
Allotment Date
NA
Put Date
29 Mar, 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
₹NaN
Dirty Price
8.25%
Coupon
Fixed Interest
Coupon Basis
8.3156%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
HDFC Credila Financial Services Limited (HCFSL) was founded by Mr. Ajay Bohora and Mr. Anil Bohora in 2006. HCFSL, which received a non-banking financial company (NBFC) licence in 2007, is the first financial services company established as a specialised institution for originating, holding and servicing education loans.
The ratio in FY24 is 9.96x and it was 10.41x in FY23, indicating decrease in the debt level due to increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.41x and it was 1.46x in FY23, indicating slight decrease in the debt servicing ability of the issuer due to increase in the Interest on debt securities, Borrowing (other than debt securities) and others which resulted in overall increase in finance cost .
Interest coverage ratio
Mar 26, 2024 | HDFC Credila Financial Services Limited
Jul 26, 2024 | HDFC Credila Financial Services Limited
Nov 26, 2024 | HDFC Credila Financial Services Limited
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BOND VALUE DETAILS
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.