9.60%Sundaram Finance Limited 27 Nov 2024
ISIN:
INE660A08BS8
Taxable
Tax Category
27 Nov, 2024
Maturity Date
(4 Mo to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
27 Nov, 2014
Allotment Date
NA
Put Date
27 Nov, 2024
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
YOUR EARNING
Your Investment
Final Payout
₹0
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*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
Sundaram Finance Limited
Sundaram Finance was established in 1954 when Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. Started with the primary objective of financing the purchase of commercial vehicles, the company, has today grown into one of the most trusted financial services groups in India. It has a nation-wide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers.
The ratio in FY24 is 7.20x and it was 7.81x in FY23, indicating decrease in debt levels, due to significant increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.71x and it was 1.79x in FY23, indicating issuers decrease in debt servicing ability due to increased finance cost.
Interest coverage ratio
Recent News
Indus Towers, Sundaram, Mankind Pharma likely to be added to MSCI index
Apr 02, 2024 | Sundaram Finance Limited
Arjun Rangarajan Buys 58% More Sundaram Finance Holdings Shares
Apr 02, 2024 | Sundaram Finance Limited
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