Security Name: 9.40% TVS Credit Services Limited 10 Jun 2026
ISIN: INE729N08030
Taxable
Tax Category
10 Jun, 2026
Maturity Date
(7 Mo 26 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
09 Dec, 2020
Allotment Date
NA
Put Date
09 Dec, 2023
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
9.4%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
24 Nov, 2023
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
TVS Credit Services Limited
TVSCSL, a Chennai-based non-deposit taking NBFC incorporated in November 2008, is a part of the TVSM Group of companies. TVS Credit commenced operations as a NBFC in May 2010. It has scaled up its business and had an AUM of Rs 11,240 crores as on March 31, 2021. The company currently finances two-wheelers (of TVS Motor), new tractors, used tractors, used cars, consumer durables and used commercial vehicle. It caters largely to rural customers who have little or no access to bank financing and has a high share of cash collection.
The ratio in FY25 is 7.64x and in FY24 was 8.41x, indicating decrease in debt level due to improved operational efficiency by controlling operating expenses in FY25, contributing positively to the profitability margin.
Debt/EBITDA
The ratio in FY25 is 1.55x and in FY24 it was 1.46x, indicating increase in the debt servicing ability of the issuer due to increased income, controlled costs, and a favorable product mix led to an increase in ROTA, indicating improved overall profitability
Interest coverage ratio
Recent News
TVS Credit Services Q3 net up 47% on robust credit demand
Apr 15, 2024 | TVS Credit Services Limited
TVS Credit Services Q1FY25 results: Net profit rises 20% to Rs 140.43 cr
Aug 22, 2024 | TVS Credit Services Limited
TVS Credit registers 12% growth in disbursement, reports profit of Rs 181 crore
Jul 15, 2025 | TVS Credit Services Limited
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STEPS TO BUY THIS BOND
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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 INE729N08030 |
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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 |
|---|
| 9.40% TVS Credit Services Limited 10 Jun 2026 |
| Credit Rating |
|---|
| AA / Stable by BWR |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.400000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 10/06/2026 |
| Security |
|---|
| 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 |
|---|
| ₹NaN |
| Price |
|---|
| ₹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.
