Indian Railway Finance Corporation Limited

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INE053F07CQ9 is Out of Stock

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INE053F07CQ9 - Bond Details

Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

10Y 3M 26Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AAA/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Backed by Government of India: As the dedicated financing arm of Indian Railways, IRFC enjoys strong Government of India support, majority ownership, and a protected business model backed by long-term lease arrangements.

Strong Capitalisation: Backed by regular Government equity support, a robust net worth of ₹56,749 crs (FY’26), and a zero-NPA portfolio driven by sovereign exposure to Indian Railways, IRFC maintains a strong capital and funding profile.

Company Financials

AUM

Net Worth

PAT

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

Net NPA

Good

Benchmark: Benchmark: Lower than 3%

Gross NPA

Good

Benchmark: Benchmark: Lower than 5%

100

Capital Adequacy Ratio

Good

Benchmark: Benchmark: Minimum 14%

Debt to Equity Ratio

Good

Benchmark: Benchmark: Maximum 12 times

Important disclaimer

About Issuer

Indian Railway Finance Corporation Limited is like a borrowing arm of Indian Railways under the Ministry of Railways. IRFC is raising capital for MoR required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), improvement, expansion, and assets management.IRFC was incorporated in 1986. It is headquartered in New Delhi. Indian Railways is the parent company. The Government of India wholly owns IRFC.

Since 12th October 2019, Amitabh Banerjee is serving in IRFC as Chairman and Managing Director.

Total Annual Revenue

11,134 Cr (FY 2019)

Year of Inception

1986

Industry

PSU Taxable

Head Office

New Delhi

Type of Issuer

PSU

Current MD/CEO

A.K. Prasad

Credit Rating / Outlook

AAA STABLE

CRISIL

Rating Rationale

Rating Date: 31-May-2024

AAA STABLE

CARE

Rating Rationale

Rating Date: 05-Jun-2024

AAA STABLE

ICRA

Rating Rationale

Rating Date: 07-Jun-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 AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest 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

Indian Railway Finance Corporation Limited

Security Name

6.73% Indian Railway Finance Corporation Limited Secured Rated Listed NCD Maturity 6-Jul-2035

ISIN

Copy

INE053F07CQ9

Face Value

₹ 10,00,000

Issued FV

₹ 10,00,000

Coupon Rate

6.73%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

6-Jul-2035

Clean Price

₹ 96.25

Dirty Price

Current Yield

6.9919%

Yield to Maturity

7.254%

Mode of Issue

Private Placement

Date of Issue

6-Jul-2020

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

SBICAP Trustee Company Limited

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

8-2-612/A, Road No. 10 Banjara Hills Hyderabad 500 034

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 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN TECHNOLOGIES PRIVATE LIMITED 8-2-612/A, Road No. 10 Banjara Hills Hyderabad 500 034

This bond is
currently out of stock

Download Cashflow

FAQs about Indian Railway Finance Corporation Limited bonds

How to buy this Indian Railway Finance Corporation Limited bond online?

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What is the yield of this Indian Railway Finance Corporation Limited bond?

undefined% is the current yield of this Indian Railway Finance Corporation Limited 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 Indian Railway Finance Corporation Limited bond is undefined%, 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 Indian Railway Finance Corporation Limited bond?

To redeem this Indian Railway Finance Corporation Limited 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 Indian Railway Finance Corporation Limited bond is generally simple and straightforward. Contact our support team for more information.

Is this Indian Railway Finance Corporation Limited bond tax-free?

No, this Indian Railway Finance Corporation Limited 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 Indian Railway Finance Corporation Limited bond before the maturity date?

Yes, it is possible to sell this Indian Railway Finance Corporation Limited 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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Indian Railway Finance Corporation Limited

Indian Railway Finance Corporation Limited

INE053F07CQ9 - Bond Details

Highlights

Company Financials

Ratio Analysis

About Issuer