Sk Finance Ltd Aug '29

Sk Finance Ltd Aug '29

₹1,00,211.97
YTM
9.15%
Tenure left
35 months
Interest payout
Annual
Principal payout
Bullet
Bond details
Minimum investment₹1,00,211.97
Date of maturity10 Aug 2029
ISININE124N07820
Bond typeSenior
Rating
AA-
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Maturing on 10 Aug '29 • Annual payout
About
SK Finance Limited is a non-banking financial company (NBFC) incorporated in 1994, operating predominantly in the commercial vehicle and two-wheeler financing segments. Headquartered in Jaipur, Rajasthan, the company has expanded its operations across ten states with a strong presence in northern and western India. SK Finance primarily targets self-employed individuals and small fleet operators in rural and semi-urban areas. The company offers a range of financial products, including loans for new and used commercial vehicles, tractors, cars, and two-wheelers, along with micro, small, and medium enterprise (MSME) loans. As of March 2026, the company managed an asset under management (AUM) portfolio of approximately INR 120 billion.;
Pros and Cons
Pros
Cons
SK Finance maintains a robust capital position, supported by regular equity infusions from private equity investors, keeping its gearing levels manageable and providing a cushion for future growth.
The company has demonstrated consistent growth in its AUM, reaching INR 120 billion by the end of March 2026, driven by expansion into new geographies and deeper penetration in existing markets.
The firm possesses a diversified funding profile, with access to bank loans, non-convertible debentures (NCDs), and securitization, which mitigates liquidity risks and lowers overall borrowing costs.
Profitability remains healthy, characterized by strong net interest margins and controlled operating expenses, contributing to stable returns on managed assets (RoMA).
The management team has significant experience in the vehicle financing sector, enabling the company to navigate market cycles and implement effective underwriting practices.
Other details
Clean price₹99,838.00
Dirty price₹1,00,211.97
Current yield9.15%
Security cover--
Issue size-153.96Cr
Original bond tenure35 months
TrusteeVardhaman Trusteeship Private Limited
Mode of issueNCD
Listed onNSE
Listing date12 Aug 2026
Coupon rate9.10%
Documents
Rating Rationale
Information Memorandum
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