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 bullet instalments
The Principal is returned in bullet 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.
Bond details
Minimum investment₹1,00,211.97
Date of maturity10 Aug 2029
ISININE124N07820
Bond typeSenior
Rating
AA-
What does rating mean?
Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
Categories
Low risk:
AAA, AA+, AA, AA-, A+, A, A-
Moderate risk
BBB+, BBB, BBB-, BB+, BB
High risk
BB-, B+, B, B-, C, D
The rating agency for this Bond is IND-RA.
Calculate your returns
You invest₹00 unit
You get₹0
Interest +₹0
Payout
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%
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.