CRISIL

SMFG India Credit (SMICC), a leading non-banking financial company initiated its employee centric initiative, ‘Ek Muthi Chawal’. The initiative allows employees of SMFG India Credit an opportunity to spread festive cheers by donating rice, wheat and pulses which will help feed children and elderly in old age homes for a month. Donations received during this initiative go directly to a partner NGO and are utilised to benefit children and elderly people. The company has set an ambitious target for the 5th edition of Ek Muthi Chawal with the aim to donate 60,000 kg of rice, grains & pulses by over 12,000+ employees across 21 states. The contribution is expected to benefit around 20,000 children providing them essential nutrition for a month. Additionally, personnel from our parent company SMFG are also participating in the initiative as part of their “Shaka Kaichi Day” celebration, where they will donate rice to further enhance the impact of the program.

SMFG India Credit Aims to Support Around 20,000 Children Through its Food Grains Distribution Initiative, ‘Ek Muthi Chawal’

For SMHFC, driven by higher demand for housing credit on a macro-economic basis, AUM of the entity witnessed an annualised growth of ~33%, during the 9 months of fiscal 2024, to Rs. 8,028 crore, as against Rs. 6,427 crore as on March 31, 2023. Of this, housing loans constituted the bulk at 58%, followed by LAP at 34% and construction finance which was around 8%..



Historically, the earnings profile for SMHFC has been constrained by elevated operating expenses and credit cost. Credit costs for SMHFC remained controlled at 0.4% during 9M of FY24, as compared to 0.6% in FY23. 

The issuer has made timely interest payments.

Deepak Patkar, MD and CEO

The rating factors in expectations of continued support in the form of both equity and debt from SMFG on an ongoing basis and in the event of any exigency. SMFG has senior level representation on the Board and various committees of SMICC and is involved in key decisions taken by the company. Recently, SMFG has acquired the remaining 25.1% equity stake in SMICC, making it a wholly owned subsidiary.

On a standalone basis, the net-worth of SMHFC continues to be comfortable at Rs 914 crores as on December 31, 2023, as compared to Rs 812 crores as on March 31, 2023, driven by positive internal accruals during the period as the entity reported PAT of Rs 38 crore during 9 months of fiscal 2024. Although, on a leverage front, adjusted gearing moderated to 7.6 times as on December 31, 2023, as against 6.8 times as on March 31, 2023, driven by higher amount of borrowings availed during the period, compared to lower addition in net-worth.

Security Name: 8.35% SMFG India Home Finance Company Limited 15 Jan 2027

ISIN:

INE213W07277

YOUR EARNING

Your Investment

Final Payout

₹0

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

AAA Stable

CRISIL

Senior

Secured

ISSUER

SMFG India Home Finance Company Limited

Recent News

SMFG India Credit Aims to Support Around 20,000 Children Through its Food Grains Distribution Initiative, ‘Ek Muthi Chawal’

Related Videos

History of Bonds

Yield Curve

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, send a request for the Rating Rationale. You will receive an email shortly.

Clean Price

Yield (YTM)

Principal Amount

Accrued Interest from

Face Value

Market Value

Stamp Duty

Select a Settlement Date:

as on Invalid date

as on May 16, 2025

Total Investment

Still looking for assistance?