Rating
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The rating agency for this Bond is CRISIL.
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Navi Finserv Dec '27
₹10,036.76YTM
10.75%Tenure left
19 monthsInterest payout
MonthlyPrincipal payout
MaturityBonds details
Minimum investment₹10,036.76
Date of maturity31 Dec 2027
ISININE342T07544
Bond typeSenior Secured
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About
Navi Finserv Limited (NFL) is a non-deposit taking, systemically important non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). It received its certificate of registration in March 2016 and operates as a wholly owned subsidiary of Navi Technologies Ltd (NTL). Mr. Sachin Bansal, who serves as the CEO of NFL, holds an approximately 98% stake in the parent company, NTL. NFL primarily offers digital lending products, including personal loans and home loans, under the "Navi" brand. In December 2024, the RBI officially lifted a regulatory "cease and desist" directive, allowing the company to fully resume its loan sanctions and disbursements.;
Pros and Cons
Pros
Cons
The company boasts a healthy capitalization profile heavily supported by its parent entity (NTL), achieving a standalone net worth of Rs 3,066 crore and maintaining a comfortable gearing ratio of 2.5 times as of September 30, 2024.
NFL features an adequate and constantly evolving risk management system that utilizes full-fledged digital underwriting engines and machine learning models, which are continuously retrained to improve risk separation and borrower selection.
The resource profile is highly diversified across lender types and products—including term loans, pass-through certificates, non-convertible debentures, and commercial paper—significantly reducing its past reliance on debt from its parent company.
NFL maintains a strong liquidity position with a positive asset-liability maturity mismatch across all buckets up to five years, holding approximately Rs 1,498 crore in unencumbered cash and liquid investments to comfortably cover upcoming debt obligations.
Asset quality for recent and new loan originations has performed well (evidenced by 30 PAR static metrics), driven by strengthened underwriting policies and a strategic shift toward onboarding borrowers with relatively stronger credit profiles.
Other details
Clean price₹10,072.10
Dirty price₹10,036.76
Current yield10.67%
Security cover1.10x pos
Issue size10.00L
Original bond tenure35 months
TrusteeCatalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)
Mode of issueNCD
Listed onNSE
Listing date13 Jan 2025
Maturity date31 Dec 2027
Coupon rate10.75%
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