VEDIKA CREDIT CAPITAL LTD Coupon 11.9% | NBFC Corporate Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 10M 17Days

Payment Terms

Monthly

Highlights

Credit Rating

IVR A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Strong Collection Efficiency: Maintained 99.88% cumulative collection efficiency till January 2025, showcasing a robust repayment track record.

Low Delinquencies: Gross Stage 3 NPA at 1.6% (H1FY25), reflecting controlled asset quality.

Credit Enhancement & Liquidity: Built-up credit enhancement with 27% subordination, 29% credit collateral, and 5% excess interest spread (EIS) for investor protection.

Consistent Growth in Assets: Managed assets grew from ₹1,260.7 Cr (FY23) to ₹1,733.8 Cr (H1FY25), signaling steady expansion.

Improved Profitability: Profit after tax (PAT) increased from ₹17 Cr (FY23) to ₹27.9 Cr (FY24), with a continued upward trend.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

23.47

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

4.63

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

-0.13

Operating Cash Flow to Debt Ratio

Risky

Benchmark: Higher the ratio better it is.

1.24

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

VEDIKA CREDIT CAPITAL LTD

Vedika Credit Capital Ltd, a Non-Deposit Non-Banking Finance Company (NBFC-MFI), has been serving the financial needs of micro-entrepreneurs since its inception. Initially registered as a Private Limited Company, it became a Public Limited Company in November 1995. With approval from the Reserve Bank of India in 2015, Vedika Credit Capital formally embraced its role as an NBFC-MFI. Since 2007, the company has been offering microfinance products such as Joint Liability Group loans and Individual Loans, with a special focus on women borrowers.

Operating across seven statesJharkhand, Bihar, West Bengal, Uttar Pradesh, Assam, Odisha, and TripuraVedika Credit Capital manages 192 branches. The company provides a range of loan products, including Group Loans, Micro Enterprise Loans, WASH Loans, and E-Rickshaw Loans.

Vedika Credit Capital's mission is to support the growth of micro-entrepreneurs, aiming to be a leader in delivering total financial solutions.

Total Annual Revenue

166.60 Cr FY (2022-23)

Year of Inception

1995

Industry

NBFC Corporate

Head Office

KOLKATA

Type of Issuer

Corporate

Current MD/CEO

Mr. Gautam Jain

Credit Rating / Outlook

A- STABLE

IVR

Rating Rationale

Rating Date: 09-Jul-2024

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

VEDIKA CREDIT CAPITAL LTD

Security Name

11.9% VEDIKA CREDIT CAPITAL LTD Secured Rated Listed NCD Maturity 12-Aug-2026

ISIN

Copy

INE04HY07146

Face Value

₹ 1,00,000

Coupon Rate

11.9%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

12-Aug-2026

Clean Price

₹ 99.65

Dirty Price

Current Yield

11.9418%

Yield to Maturity

12.7961%

Mode of Issue

Private Placement

Date of Issue

12-Aug-2024

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

GDA House, Plot No.85, Bhusari Colony (Right),Paud Road, Kothrud,Pune 411038

Registrar Details

Niche Technologies Private Limited

D-511, Bagree Market 71, BRB Basu Road Kolkata 700001

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Niche Technologies Private Limited D-511, Bagree Market 71, BRB Basu Road Kolkata 700001

This bond is
currently out of stock

Download Cashflow

Similar Bonds

Bonds by Same Issuer

VEDIKA CREDIT CAPITAL LTD

Min Investment

₹ 98,368.61

Returns

12.25%

Payout

Quarterly

Credit Rating

A/ACUITE

FAQs about VEDIKA CREDIT CAPITAL LTD bonds

How to buy this VEDIKA CREDIT CAPITAL LTD bond online?

You can invest in bonds online in under 5 minutes. To buy VEDIKA CREDIT CAPITAL LTD bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this VEDIKA CREDIT CAPITAL LTD bond?

12.7961% is the current yield of this VEDIKA CREDIT CAPITAL LTD bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this VEDIKA CREDIT CAPITAL LTD bond is 12.7961%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this VEDIKA CREDIT CAPITAL LTD bond?

To redeem this VEDIKA CREDIT CAPITAL LTD bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this VEDIKA CREDIT CAPITAL LTD bond is generally simple and straightforward. Contact our support team for more information.

Is this VEDIKA CREDIT CAPITAL LTD bond tax-free?

No, this VEDIKA CREDIT CAPITAL LTD bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this VEDIKA CREDIT CAPITAL LTD bond before the maturity date?

Yes, it is possible to sell this VEDIKA CREDIT CAPITAL LTD bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

Company Financials

Ratio Analysis

About Issuer

VEDIKA CREDIT CAPITAL LTD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this VEDIKA CREDIT CAPITAL LTD bond online?

What is the yield of this VEDIKA CREDIT CAPITAL LTD bond?

Is it safe to invest in bonds?

How to redeem this VEDIKA CREDIT CAPITAL LTD bond?

Is this VEDIKA CREDIT CAPITAL LTD bond tax-free?

Can I sell this VEDIKA CREDIT CAPITAL LTD bond before the maturity date?

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