POWER FINANCE CORPORATION LTD

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Investment Opportunity in Embassy Group Company

Earn up to 13.04% p.a.

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn up to 11.10% p.a

Invest Now

Investment Opportunity in Embassy Group Company

Earn up to 13.04% p.a.

Invest Now

Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn up to 11.10% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

9Y 10Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AAA/STABLE

Seniority

SENIOR

Security

Unsecured

Default History

Zero

Sovereign Backing: 56% owned by Government of India (GoI), ensuring strong financial and policy support.

Healthy profitability: PAT grew 21% YoY to ₹17,352 cr in FY25, driven by improved NIMs at 3.6% (3.3% FY24), low opex (0.13% ATA) and controlled credit costs.

Improving asset quality trend: Net-NPA declined to 0.39% (Mar ’25) vs 0.85% (Mar’24) with sustained recoveries; PCR ~80% on Stage III assets (Jun ’25).

Healthy capitalization: Capital adequacy ratio (CAR) at 22.4% (Jun ’25) well above regulatory minimum of 15%; gearing improved to 6.4x (Mar’25) from 6.7x (Mar ’24).

Diversified & low-cost funding profile: Access to domestic bonds (57%), bank loans, ECBs & multilateral funding; 95% of forex borrowings hedged, limiting currency risk.

Market leadership in power financing: Loan book grew ~13% YoY to ₹5.43 lakh Cr (FY25) and further to ₹5.50 lakh Cr (Jun ’25) led by LPS (Late Payment Surcharge) disbursements.

Strong liquidity: Cash & investments of ~₹12,700 Cr (Mar '25) plus scheduled collections of ₹93,945 Cr comfortably cover next 1-Yr debt obligations of ₹83,715 Cr

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.39

Net NPA

Good

Benchmark: Lower than 3%

22.08

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

5.12

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

-0.1

Operating Cash Flow to Debt Ratio

Risky

Benchmark: Higher the ratio better it is.

1.57

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Power Finance Corporation (PFC) was established on 16^th July, 1986. It is under the administrative control of the Ministry of Power. PFC provides financial assistance to power projects across India. The current Chairman and Managing Director is Mr. Rajeev Sharma.

The Government of India holds 65.92% of total shares in the corporation. It was conferred the title of Navratna CPSE in June, 2007 and was classified as an Infrastructure Finance Company by the RBI on 28^th July, 2010.

Recently it has forayed into financing other infrastructure projects such as:

Coal mine development
Fuel transportation
Oil and Gas pipelines

Its borrower profile includes State Electricity Boards, State sector power utilities, Central sector power utilities and Private sector companies.

It has been assigned a credit rating of AAA for long-term debt by various rating agencies.

Awards:

CBIP Award for Best Power Financing Company (2017)
Dalal Street Investment Journal PSU Award (2015)

Total Annual Revenue

38,951 Cr (FY 2022)

Year of Inception

1986

Industry

PSU Taxable

Head Office

New Delhi

Type of Issuer

PSU

Current MD/CEO

Smt. Parminder Chopra

Credit Rating / Outlook

AAA STABLE

CRISIL

AAA STABLE

CARE

AAA STABLE

ICRA

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

POWER FINANCE CORPORATION LTD

Security Name

ISIN

Copy

INE134E08LQ9

Face Value

₹ 10,00,000

Issued FV

₹ 10,00,000

Coupon Rate

7.42%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

8-Sep-2032

Clean Price

₹ 99.63

Dirty Price

Current Yield

Yield to Maturity

7.4711%

Mode of Issue

Private Placement

Date of Issue

8-Sep-2022

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Request 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: NA

This bond is
currently out of stock

Download Cashflow

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FAQs about Power Finance Corporation Limited bonds

How to buy this Power Finance Corporation Limited bond online?

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What is the yield of this Power Finance Corporation Limited bond?

undefined% is the current yield of this Power 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 Power 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 Power Finance Corporation Limited bond?

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

Is this Power Finance Corporation Limited bond tax-free?

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

Yes, it is possible to sell this Power 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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Highlights

Company Financials

Ratio Analysis

About Issuer