Security Name: 8.40% Godrej Properties Limited 25 Jan 2028
ISIN:
INE484J08089
Taxable
Tax Category
25 Jan, 2028
Maturity Date
(2 Yr 7 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
26 Jul, 2024
Allotment Date
NA
Put Date
26 Jul, 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
Quote Not Available
Dirty Price
8.4%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
11 Jul, 2025
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
Godrej Properties Limited
Established in 1990, Godrej Properties is the first real estate company to have ISO certification. GPL is the real estate arm of the Godrej group and was incorporated as Sea Breeze Constructions and Investments Pvt Ltd on February 8, 1985, by Mr Mohan Khubchand Thakur and Ms Desiree Mohan Thakur. In 1987, it became a part of the Godrej group and in 1989, it became a subsidiary of Godrej Industries Ltd ,which holds 47.34% of the company’s equity shares as on March 31, 2024. The company currently operates in 11 cities and focuses on residential, commercial, and township development.
The ratio in FY24 is 9.02x and it was 5.91x in FY23, indicating increase in the debt level due to increase in borrowings and reduction in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 2.88x and it was 4.56x in FY23, indicating decrease in the debt servicing ability of the issuer due to increase in the Interest Expense and other borrowing costs which led to overall increase in the finance cost compared to previous years.
Interest coverage ratio
Recent News
Godrej Properties Net Debt Rises In June Quarter Due To Higher Capex
Sep 03, 2024 | Godrej Properties Limited
Godrej Properties plans to raise ₹4,000 crore via QIP
Nov 27, 2024 | Godrej Properties Limited
Godrej Properties acquires 24-acre land in Indore to develop plots
Jan 10, 2025 | Godrej Properties Limited
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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
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE484J08089 |
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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 |
|---|
| 8.40% Godrej Properties Limited 25 Jan 2028 |
| Credit Rating |
|---|
| AA + /Stable by ICRA AA + /Stable by IND |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.400000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 25/01/2028 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 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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| % |
| 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.
