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The rating agency for this Bond is BWR.
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Kosamattam Finance Jan '29
YTM
10.20%Tenure left
26 monthsInterest payout
MonthlyPrincipal payout
StructuredBond details
Minimum investment₹1,00,113.63
Date of maturity06 Jan 2029
ISININE403Q07GX0
Bond typeSenior Secured
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About
Kosamattam Finance Ltd (KFL) is a Reserve Bank of India (RBI) registered non-deposit-taking NBFC belonging to the Kosamattam group. The group's origins trace back to a chit fund business established in 1927 by Mr. Chacko Varkey, with gold loan operations commencing in 1980 under Mr. Mathew K Cherian, who currently serves as Chairman and Managing Director. In 2004, the group acquired Standard Shares and Loans Pvt. Ltd., later renaming it Kosamattam Finance Private Ltd. While gold loans constitute 99% of its total portfolio, KFL also provides loans against property, microfinance loans, business loans, Kisan Credit, and RBI-authorized forex services. Headquartered in South India, the company operates a network of 991 branches and managed an Assets Under Management (AUM) base of Rs. 7,698.40 crore as of March 31, 2026.;
Pros and Cons
Pros
Cons
The company benefits from experienced promoters with over four decades of track record in gold loan financing, led by a fourth-generation entrepreneur and an experienced board.
KFL has demonstrated strong scaling up of operations, with AUM expanding by over 35% YoY to reach Rs. 7,698.40 crore as of March 31, 2026.
Asset quality has shown steady improvement, with the Gross NPA ratio declining to 1.20% and Net NPA at 0.49% in FY26, supported by a healthy Provision Coverage Ratio of 66.2% on stage 3 assets.
Profitability increased significantly in FY26, with total income growing by 25.36% YoY to Rs. 1,128.82 crore and net profit (PAT) rising by 45.40% YoY to Rs. 184.74 crore.
The entity maintains comfortable capitalization and adequate liquidity, marked by a CRAR of 19.23% and a Liquidity Coverage Ratio of 138.56% as of March 31, 2026.
Other details
Clean price₹1,00,387.60
Dirty price₹1,00,113.60
Current yield9.98%
Security cover110%
Issue size50.00L
Original bond tenure33 months
TrusteeVistra ITCL (India) Limited
Mode of issueNCD
Listed onNSE
Listing date06 Apr 2026
Coupon rate10.00%
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