Security Name: 9.50% Piramal Enterprises Limited 07 Jul 2034
ISIN:
INE140A07807
Taxable
Tax Category
07 Jul, 2034
Maturity Date
(9 Yr 2 Mo 6 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
09 Jul, 2024
Allotment Date
NA
Put Date
09 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
9.5%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
24 Jun, 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
Piramal Enterprises Limited
Incorporated in April 1947, Piramal Enterprises Limited (PEL) is a systemically important non-deposit taking NBFC, which got registered with the RBI. Under the scale-based regulations of the RBI, PEL is classified as NBFC – Middle Layer. PEL along with its 100% subsidiary, Piramal Capital & Housing Finance Limited collectively called the group has presence across retail lending, wholesale lending, and fund-based platforms with a network of over 400 branches across 26 states/UTs. The group provides end-to-end financing solutions in both wholesale and retail funding opportunities across sectors, such as real estate and infrastructure, renewable energy, hospitality, logistics, industrials and auto components.
The ratio in FY24 is 4.01x and it was 0.57x in FY23, indicating significant increase in debt levels due to significant decrease in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.72x and it was 21x in FY23, indicating decrease in debt servicing ability of the issuer due to increase in finance cost and significant decrease in net profit in FY24.
Interest coverage ratio
Recent News
Piramal Enterprises Aims To Increase AUM To Rs 80,000 Crore By FY25
Jul 08, 2024 | Piramal Enterprises Limited
Piramal Enterprises Q4 Results: Firm posts ₹137-crore net profit, declares ₹10 dividend
May 09, 2024 | Piramal Enterprises Limited
Piramal Enterprises : IndiaRF to Invest up to INR 1,000 Crores in Anthea Aromatics Private Limited
Dec 09, 2024 | Piramal Enterprises 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, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE140A07807 |
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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 |
|---|
| 9.50% Piramal Enterprises Limited 07 Jul 2034 |
| Credit Rating |
|---|
| AA Stable by ICRA AA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 9.500000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
|---|
| 07/07/2034 |
| Security |
|---|
| Senior Secured |
| 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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| ₹NaN |
| 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.
