Rating reflects its creditworthiness and past performance. It may change based on the company’s financial health and ability to repay.
Categories
Lowest risk
AAA
Low risk
AA+, AA, AA-
Moderate risk
A+, A, A-
High risk
BBB+, BBB, BBB-
Highest risk
BB+, BB, BB-, B, B-, C, D
YTM
10.65%
Price/unit₹74,902.80
Tenure15 months
Interest payoutMonthly
Principal payoutQuarterly
Yield to Maturity (YTM)YTM defines the annual return a bond offers if held to maturity. It assumes all payouts received get reinvested at the same rate until maturity.
YTM is XIRR of bonds.
Principal is returned in quarterly instalments
The Principal is returned in quarterly instalments for this Bond, so you receive a portion of your invested amount back regularly.
As principal is returned, interest is earned on the outstanding principal.
Calculate your returns
You invest₹00 qty
You get₹0
Interest +₹0
+ ₹25K
+ ₹50K
+ ₹1L
+ ₹2L
Payout Schedule
Maturing on 04 Nov '27 • Monthly payout
Security of your investment
₹1.00Cr
₹1.10Cr
Amount raised by BondSecurity cover
Security cover type
Senior securedSafest
Backed by company assets. If the issuer defaults, you are repaid from these assets before other lenders.
Secured
Backed by company assets, but lenders with a higher claim on the same assets (senior secured) may be repaid before you.
Unsecured
No assets pledged. You still have a legal claim on the issuer, but you are repaid after secured lenders.
Note
In worse case of issuer defaults, collateral assets are sold to repay lenders in order of their claim. This can take time, and assets may sell for less than their stated value, so you may recover only part of your money. Asset cover is not a guarantee of repayment.
About
Muthoot Microfin Limited (MML) is a part of the Muthoot Pappachan group (MPG) and primarily provides microfinance loans to women. The group began its microfinance operations in 2010 as a separate division of its flagship company, Muthoot Fincorp Limited (MFL). In December 2011, the group acquired Pancharatna Securities Ltd, a Mumbai-based NBFC, and renamed it MML. The company subsequently received its NBFC-MFI licence from the Reserve Bank of India in March 2015. As of March 31, 2025, MFL held a 50.2% equity stake in MML. MML operates across 19 states and reported an Assets Under Management (AUM) of Rs 12,253 crore along with a networth of Rs 2,641 crore as of June 30, 2025.;
Pros and Cons
Pros
Cons
MML receives strong financial, operational, and management support from its parent company, Muthoot Fincorp Limited (MFL), which retains majority ownership and considers the microfinance business strategically important.
The company maintains adequate capitalisation, supported by a December 2023 initial public offer (IPO), resulting in a networth of Rs 2,641 crore, a gearing of 2.8 times, and a capital adequacy ratio of 27.9% as on June 30, 2025.
It possesses a highly diversified resource profile with over 50 lenders spread across term loans, external commercial borrowings, non-convertible debentures, and securitisation.
MML exhibits an adequate liquidity profile, with cash and equivalents of Rs 537 crore providing a 1.2 times cover for its debt obligations over the upcoming two months, assuming a 75% collection efficiency.
The company's collection efficiency under the non-overdue bucket has remained consistently strong at over 99% during fiscal 2026, alongside an adequate provision cover of 69% for stressed accounts.
Other details
Clean price₹74,822.25
Dirty price₹74,902.80
Current yield9.79%
Security cover1.1X of POS
Issue size1.00Cr
Original bond tenure24 months
TrusteeCatalyst Trusteeship Limited
Mode of issueNCD
Listed onNSE
Listing date04 Nov 2025
Coupon rate9.80%
Other details
Clean priceThe bond's original price without earned interest on it.
Dirty priceThe total price you pay - bond price plus accrued interest.
Security coverThe value of assets pledged by the issuer as backup, shown as a multiple of the outstanding loan amount.
Issue sizeThe total amount of money the company is raising through this bond issue.
Original bond tenureThe total duration of the bond from issue date to maturity date.
TrusteeAn independent entity appointed to protect bondholders' interests and monitor the issuer.
Mode of issueHow the bond is offered to investors (e.g., public issue open to all investors).
Listed onStock exchanges where the bond can be bought and sold after issuance.
Listing dateThe date from which the bond became available for trading on the stock exchange.
Maturity dateThe date when the company repays the bond's principal amount.
Coupon rateThe fixed annual interest rate paid to investors on the bond's face value.
Current yieldThe annual interest you earn divided by the bond's current market price.
