9.75%Tata Motors Finance Limited (P) Call : 03 Dec 2030
ISIN:
INE601U08168
Taxable
Tax Category
03 Dec, 2030
Call Date
(6 Yr 1 Mo 23 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
03 Dec, 2020
Allotment Date
NA
Put Date
03 Dec, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
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
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
Tata Motors Finance Limited
TMFL (Formerly Tata Motors Finance Solutions Limited) is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company is promoted by TMF Holdings Limited Head Quartered at Thane, Maharashtra. The company has a strong footprint across India and operates through its own 260+ branch networks. TMFL is the leading and most preferred financial Institution engaged in financing entire range of Tata Motors Commercial and Passenger vehicles. It is a non-deposit taking systemically important NBFC.
The ratio in FY24 is 10.60x and it was 17.70x in FY23, indicating decrease in the debt level due to decrease in the borrowings as well as finance cost of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.09x and it was 0.66x in FY23, indicating increase in debt servicing ability of the issuer due to incurred profit in FY24 as compared to incurred losses in FY23.
Interest coverage ratio
Recent News
DCB has revised the Fixed Deposit
May 31, 2023 | Tata Motors Finance Limited
Tata Motors Finance and Pallia Trans Logistics Ltd. Announce Rs 22 Crore Funding Pact
Mar 27, 2024 | Tata Motors Finance Limited
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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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