DVARA KGFS PRIVATE LIMITED Coupon 11% | NBFC Corporate Bond

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Earn 11.27% p.a

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 6M 18Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL BBB+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Robust AUM Growth – Increased from ₹1,769.84 Cr (Mar’23) to ₹2,384.74 Cr (Sept’24), with ₹983.54 Cr disbursed in H1FY25.

Diversified Loan Portfolio – JLG loans (75% of AUM), enterprise, personal, consumer, crop, and jewel loans.

Expanding Presence – 420 branches across 11 states, with acquisitions like Varam Capital strengthening its reach.

Improved Profitability – PAT grew from ₹14.37 Cr (FY23) to ₹47.53 Cr (FY24), RoNW at 13.58% (FY24).

Strong Capitalization & Liquidity – CAR at 21.74%, net worth of ₹408.26 Cr, and cash reserves of ₹320.55 Cr (Sept’24).

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

4.66

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

1.2

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

DVARA KGFS PRIVATE LIMITED

Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS), founded in 2008 by Dvara Trust, focuses on providing secured and unsecured loans to underserved rural areas in India. With over 95% of its portfolio in Joint Liability Group (JLG) loans and unsecured enterprise loans, the company plays a vital role in rural financing. Operating across 10 Indian states with 395 branches, Dvara KGFS serves more than 1.2 million customers in 21,641 villages, offering interest rates between 24.5% and 29% on its loan products to meet diverse financial needs.

Strategic Partnership with Northern Arc: Northern Arc Capital plays a significant role in Indias financial ecosystem, and its involvement with Dvara KGFS strengthens the companys financial structuring and risk management practices.

Total Annual Revenue

565.11Cr FY 2024

Year of Inception

2008

Industry

NBFC Corporate

Head Office

CHENNAI

Type of Issuer

Corporate

Current MD/CEO

Mr. Lvln Murty

Credit Rating / Outlook

BBB+ STABLE

CRISIL

Rating Rationale

Rating Date: 30-Sep-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 BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
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

DVARA KGFS PRIVATE LIMITED

Security Name

11% DVARA KGFS PRIVATE LIMITED Secured Rated Listed NCD Maturity 27-Dec-2026

ISIN

Copy

INE179P07548

Face Value

₹ 7,500

Coupon Rate

11%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

27-Dec-2026

Clean Price

₹ 99.84

Dirty Price

Current Yield

11.0174%

Yield to Maturity

11.8761%

Mode of Issue

Private Placement

Date of Issue

27-Sep-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

Integrated Enterprises (India) Ltd., Chennai

2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600017

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: Integrated Enterprises (India) Ltd., Chennai 2nd Floor Kences Towers No.1, Ramakrishna Street, North Usman Road Chennai 600017

This bond is
currently out of stock

Download Cashflow

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FAQs about DVARA KGFS PRIVATE LIMITED bonds

How to buy this DVARA KGFS PRIVATE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy DVARA KGFS PRIVATE LIMITED bond online follow the steps below:

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What is the yield of this DVARA KGFS PRIVATE LIMITED bond?

11.8761% is the current yield of this DVARA KGFS PRIVATE 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 DVARA KGFS PRIVATE LIMITED bond is 11.8761%, 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 DVARA KGFS PRIVATE LIMITED bond?

To redeem this DVARA KGFS PRIVATE 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 DVARA KGFS PRIVATE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this DVARA KGFS PRIVATE LIMITED bond tax-free?

No, this DVARA KGFS PRIVATE 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 DVARA KGFS PRIVATE LIMITED bond before the maturity date?

Yes, it is possible to sell this DVARA KGFS PRIVATE 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

DVARA KGFS PRIVATE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this DVARA KGFS PRIVATE LIMITED bond online?

What is the yield of this DVARA KGFS PRIVATE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this DVARA KGFS PRIVATE LIMITED bond?

Is this DVARA KGFS PRIVATE LIMITED bond tax-free?

Can I sell this DVARA KGFS PRIVATE LIMITED bond before the maturity date?

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