Akara Capital Advisors Jan '27

Akara Capital Advisors Jan '27

₹6,156.00
YTM
14.90%
Tenure left
7 months
Interest payout
Monthly
Principal payout
Monthly
Bonds details
Minimum investment₹6,156.00
Date of maturity17 Jan 2027
ISININE08XP07449
Bond typeSenior Secured
Rating
BBB
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About
Akara Capital Advisors Private Limited is a Delhi-based, non-deposit taking Non-Banking Financial Company (NBFC) that registered with the Reserve Bank of India in 2016 and commenced operations in 2017. The company provides unsecured short-term personal loans to salaried individuals through its web and mobile technology platform, known as StashFin. It is a wholly-owned subsidiary of Morus Technologies Pte. Ltd, a Singapore-based neobanking start-up backed by various foreign investors. The StashFin technology platform is operated and managed by its group company, EQX Analytics Private Limited.;
Pros and Cons
Pros
Cons
The company maintains an adequate capitalisation profile for its current scale of operations, reporting a consolidated net worth of Rs. 717 crore and a standalone net worth of Rs. 693 crore as of March 31, 2025.
The consolidated managed gearing stood at a comfortable 1.6x as on March 31, 2025, which has been supported by a track record of regular capital infusions from its parent company totaling Rs. 438 crore over the past five years.
The company has successfully transitioned to reporting positive earnings, achieving a consolidated net profit of Rs. 27 crore in FY2024 and Rs. 25 crore in FY2025.
The liquidity position is adequate with no negative cumulative mismatches in the asset-liability maturity statement owing to the short tenure of its loan book.
Expected inflows from advances in the next year stand at Rs. 1,240 crore, which is comfortably sufficient to cover the debt repayment obligations of Rs. 636 crore during the same period.
Other details
Clean price₹6,124.39
Dirty price₹6,156.00
Current yield12.56%
Security cover1.20X of POS
Issue size1.00Cr
Original bond tenure13 months
TrusteeBeacon Trusteeship Ltd
Mode of issueNCD
Listed onNSE
Listing date17 Dec 2025
Maturity date17 Jan 2027
Coupon rate12.50%
Documents
Rating Rationale
Information Memorandum
Annual Reports
Payouts
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Payout
Maturing on 17 Jan '27 • Monthly payout