NAMRA FINANCE LIMITED

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INE229U07137 is Out of Stock

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NAMRA FINANCE LIMITED

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Returns

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Credit Rating

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INE229U07137 - Bond Details

Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 6M 25Days

Payment Terms

Quarterly

Highlights

Credit Rating

CARE A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Strong Debt Partnership: PSU Banks (SBI, BoB, Union bank, Canara), Private Banks ( ICICI, Axis,Federal) & NBFC ( Bajaj Finance).

Strong capitalization & low leverage: Net worth of ₹610 crore in H1FY26 with high Capital adequacy (CAR) of 57.78% and low gearing of 1.22x (FY25:1.32x, FY24:2.59x).

Healthy margins & core earnings: Group level NIM remained strong at 15.11% in FY25 and improved to 15.49% in Q1 FY26; total income (net of interest) rose to ₹490.68 crore in FY25 (FY24: ₹396.06 crore).

Risk mitigation through credit guarantee coverage: ~50% of AUM covered under CGFMU (as of Jun '25), providing downside protection against credit losses.

Strengthening underwriting via BCM model: Branch Credit Manager (BCM) model implemented across ~50% of branches, enhancing decentralized credit evaluation and risk control.

Adequate liquidity : NFL maintains a +ve ALM profile with a cumulative surplus in all maturity buckets. The group has strong liquidity, holding Rs. ~329.63 Cr. in cash and cash equivalents as of March 31, 2025.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.37

Net NPA

Good

Benchmark: Lower than 3%

48.37

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

1.33

Debt to Equity Ratio

Good

Benchmark: Maximum 12 times

1.05

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Namra Finance Ltd., a subsidiary of Arman Financial Services Ltd., became the first NBFC-MFI in India in 2013, operating primarily in rural and underserved areas. Arman Financial Services, established in 1992 and listed on the BSE and NSE, focuses on three segments: Two-wheeler financing, JLG Microfinance, and MSME Loans. Namra serves over 400,000 clients with collateral-free microfinance loans, adhering to RBI guidelines, while the group manages an asset portfolio of over 1,200 crore.Namra is a member of the Microfinance Institutions Network (MFIN) and the Pradhan Mantri Mudra Loan Yojana.

Total Annual Revenue

1943 Cr FY(2022-23)

Year of Inception

2012

Industry

NBFC Retail

Head Office

AHMEDABAD

Type of Issuer

Corporate

Current MD/CEO

Mr. Jayendra B. Patel

Credit Rating / Outlook

A- STABLE

CARE

Rating Rationale

Rating Date: 29-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

NAMRA FINANCE LIMITED

Security Name

11% NAMRA FINANCE LIMITED Secured Rated Listed NCD Maturity 24-May-2026

ISIN

Copy

INE229U07137

Face Value

₹ 1,00,000

Issued FV

₹ 1,00,000

Coupon Rate

11%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

24-May-2026

Clean Price

₹ 100

Dirty Price

Current Yield

11%

Yield to Maturity

11.4555%

Mode of Issue

Private Placement

Date of Issue

24-May-2024

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

IDBI Trusteeship Services Limited

Universal Insurance Building,Ground Floor, Sir P.M. Road,Fort, Mumbai - 4000015

Registrar Details

Bigshare Services Pvt. Limited

E-2, Ansa Industrial Estate Saki Vihar Road, Sakinaka Andheri (East)Mumbai 400072

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: Bigshare Services Pvt. Limited E-2, Ansa Industrial Estate Saki Vihar Road, Sakinaka Andheri (East)Mumbai 400072

This bond is
currently out of stock

Download Cashflow

FAQs about NAMRA FINANCE LIMITED bonds

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What is the yield of this NAMRA FINANCE LIMITED bond?

undefined% is the current yield of this NAMRA FINANCE 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 NAMRA FINANCE 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

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How to redeem this NAMRA FINANCE LIMITED bond?

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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 NAMRA FINANCE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this NAMRA FINANCE LIMITED bond tax-free?

No, this NAMRA FINANCE 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 NAMRA FINANCE LIMITED bond before the maturity date?

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NAMRA FINANCE LIMITED

NAMRA FINANCE LIMITED

INE229U07137 - Bond Details

Highlights

Company Financials

Ratio Analysis

About Issuer