Taxable
Tax Category
07 Aug, 2026
Maturity Date
(1 Yr 8 Mo 1 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
07 Aug, 2023
Allotment Date
NA
Put Date
07 Jan, 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
9.85%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
IndoStar Capital Finance Ltd. (ICFL) is registered with the RBI as a systemically important non-deposit taking NBFC. The company started off with corporate lending in 2011, ventured into SME financing from 2015 and CV Financing from May 2017 to have a diversified and a granular portfolio. ICFL also diversified into retail home financing from FY18 through its subsidiary IndoStar Home Finance Private Limited (IHFPL).
The ratio in FY24 is 8.89x and it was 6.49x in FY23, indicating increase in debt levels, due to increase in the borrowings of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.12x and it was 1.36x in FY23, indicating decrease in the debt servicing ability due to decrease in the profitability as well as increase in the finance cost in FY24.
Interest coverage ratio
Mar 27, 2024 | Indostar Capital Finance Limited
Sep 06, 2024 | Indostar Capital Finance Limited
Nov 04, 2024 | Indostar Capital Finance Limited
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BOND VALUE DETAILS
Quote Not Available for purchase
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.