MUTHOOTTU MINI FINANCIERS LTD Coupon 10.5% | NBFC Retail Bond

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

Invest in ongoing NCD IPOs & earn up to 10.5% p.a.

Min. Investment ₹10,000

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

4Y 11M 24Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA A/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Stable Credit Rating: Rated CARE A-; Stable for NCDs and long-term bank facilities, indicating moderate creditworthiness.

Growing Loan Portfolio: Loan book grew 8% YoY to ₹3,523 crore as of March 31, 2024.

Extensive Branch Network: Operates 920 branches across 12 states/UTs, with strong market penetration in South India.

Adequate Capitalization: Capital Adequacy Ratio (CAR) at 24.00% (Tier-I CAR at 17.51%) as of September 2024.

Stable Profitability: Reported ROTA of 1.91% in FY24, maintaining stable earnings despite cost pressures.

Low Credit Risk: Focus on secured gold loans ensures liquidity and collateral-backed lending.

Improved Asset Quality: GNPA and NNPA at 0.87% and 0.63%, respectively, as of September 30, 2024.

Diversified Funding Profile: Bank borrowings accounted for 56% of total funding; NCDs and CPs provide additional liquidity.

Company Financials

Revenue

PAT

Net Worth

Important disclaimer

Ratio Analysis

23.86

Capital Adequacy ratio

Good

Benchmark: Minimum 14%

3.83

Debt to Equity ratio

Good

Benchmark: Maximum 12 times

1.23

Interest Coverage ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

MUTHOOTTU MINI FINANCIERS LTD

Muthoottu Mini Financiers Limited, founded in 1921, is a prominent non-banking financial company (NBFC) in India. Headquartered in Kochi, Kerala, the company offers a diverse range of financial services, including gold loans, microfinance, insurance services, and money transfer solutions. With a substantial workforce of approximately 4,600 employees, Muthoottu Mini Financiers has established a significant presence across the country, catering to the financial needs of both individuals and small businesses.

Total Annual Revenue

Rs 671.84 Cr (FY 2024)

Year of Inception

1998

Industry

NBFC Retail

Head Office

KOCHI

Type of Issuer

Corporate

Current MD/CEO

Mr Mathew Muthoottu

Credit Rating / Outlook

A STABLE

ICRA

Rating Rationale

Rating Date: 27-Mar-2025

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

MUTHOOTTU MINI FINANCIERS LTD

Security Name

10.5% MUTHOOTTU MINI FINANCIERS LTD Secured Rated Listed NCD Maturity 12-May-2030

ISIN

Copy

INE101Q07BG6

Face Value

₹ 1,000

Coupon Rate

10.5%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

12-May-2030

Clean Price

₹ 99.52

Dirty Price

Current Yield

10.551%

Yield to Maturity

11.1561%

Mode of Issue

Public Placement

Date of Issue

13-May-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED

1402/1403, B-Wing, Dalamal Towers, 14th Floor, Press Journal Marg, 211, Nariman Point, Mumbai 400 021, Maharashtra, India

Registrar Details

MUFG INTIME INDIA PRIVATE LIMITED (FORMERLY LINK INTIME INDIA PRIVATE LIMITED)

C-101, 1st Floor, 247 Park L.B.S.Marg, Vikhroli West Munmbai 400083, Maharashtra, India L.B.S. Marg, Vikhroli West Mumbai 400 083, Maharashtra, India

Looking For More Information ?

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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: MUFG INTIME INDIA PRIVATE LIMITED (FORMERLY LINK INTIME INDIA PRIVATE LIMITED) C-101, 1st Floor, 247 Park L.B.S.Marg, Vikhroli West Munmbai 400083, Maharashtra, India L.B.S. Marg, Vikhroli West Mumbai 400 083, Maharashtra, India

This bond is
currently out of stock

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Similar Bonds

Bonds by Same Issuer

MUTHOOTTU MINI FINANCIERS LTD

Min Investment

₹ 97,660.57

Returns

11.27%

Payout

Monthly

Credit Rating

A/ICRA

FAQs about MUTHOOTTU MINI FINANCIERS LTD bonds

How to buy this MUTHOOTTU MINI FINANCIERS LTD bond online?

You can invest in bonds online in under 5 minutes. To buy MUTHOOTTU MINI FINANCIERS LTD bond online follow the steps below:

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What is the yield of this MUTHOOTTU MINI FINANCIERS LTD bond?

11.1561% is the current yield of this MUTHOOTTU MINI FINANCIERS 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 MUTHOOTTU MINI FINANCIERS LTD bond is 11.1561%, 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 MUTHOOTTU MINI FINANCIERS LTD bond?

To redeem this MUTHOOTTU MINI FINANCIERS 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 MUTHOOTTU MINI FINANCIERS LTD bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOTTU MINI FINANCIERS LTD bond tax-free?

No, this MUTHOOTTU MINI FINANCIERS 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 MUTHOOTTU MINI FINANCIERS LTD bond before the maturity date?

Yes, it is possible to sell this MUTHOOTTU MINI FINANCIERS 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

MUTHOOTTU MINI FINANCIERS LTD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MUTHOOTTU MINI FINANCIERS LTD bond online?

What is the yield of this MUTHOOTTU MINI FINANCIERS LTD bond?

Is it safe to invest in bonds?

How to redeem this MUTHOOTTU MINI FINANCIERS LTD bond?

Is this MUTHOOTTU MINI FINANCIERS LTD bond tax-free?

Can I sell this MUTHOOTTU MINI FINANCIERS LTD bond before the maturity date?

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