MUTHOOT CAPITAL SERVICES LIMITED Coupon 9.9% | 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

1Y 15Days

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL A+/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Diversified Borrowings – 30 lenders; borrowings across banks (43%), debentures (37%), CPs (10%), and securitization (8%).

Improving Asset Quality – Gross Stage 3 down from 22.2% (March 2023) to 4.7% (Dec 2024) after selling stressed loans.

Healthy Capitalization – CRAR at 23.2%, gearing at 3.9x, aiming to stay below 5x.

Growing AUM – ₹2,833 crore (Dec 2024) vs ₹2,015 crore (March 2024); targeting 35-45% CAGR.

Expansion Beyond Two-Wheelers – Entering used car & commercial vehicle financing for revenue diversification.

Strong Market Reach – Uses Muthoot Fincorp’s 3,683+ branches across 25 states/UTs.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

3.4

Net NPA

Risky

Benchmark: Lower than 3%

31.3

Capital Adequacy ratio

Good

Benchmark: Minimum 14%

1.79

Debt to Equity ratio

Good

Benchmark: Maximum 12 times

1.56

Interest Coverage ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

MUTHOOT CAPITAL SERVICES LIMITED

Muthoot Capital Services Limited (MCSL), part of the renowned Muthoot Pappachan Group, is a leading non-banking financial company (NBFC) in India, founded in 1994. Headquartered in Kochi, Kerala, the company specializes in offering financial services such as two-wheeler loans, used car loans, secured business loans, and fixed deposit schemes. MCSL is dedicated to providing accessible and tailored financial solutions, catering to individuals and businesses across urban and rural areas. With its robust distribution network and strategic partnership with Muthoot FinCorp Limited, the company has established a significant presence nationwide. Under the leadership of Mr. Mathews Markose, the Chief Executive Officer, Muthoot Capital continues to prioritize innovation, customer-centric services, and financial inclusion, playing a vital role in India's economic growth.

Total Annual Revenue

Rs 540.13 Cr (FY 24)

Year of Inception

1994

Industry

NBFC Retail

Head Office

KOCHI

Type of Issuer

Corporate

Current MD/CEO

Mr. Thomas George Muthoot

Credit Rating / Outlook

A+ STABLE

CRISIL

Rating Rationale

Rating Date: 12-Mar-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

MUTHOOT CAPITAL SERVICES LIMITED

Security Name

9.9% MUTHOOT CAPITAL SERVICES LIMITED Secured Rated Listed NCD Maturity 12-Jun-2026

ISIN

Copy

INE296G07168

Face Value

₹ 1,00,000

Coupon Rate

9.9%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

12-Jun-2026

Clean Price

₹ 100.33

Dirty Price

Current Yield

9.8671%

Yield to Maturity

9.9926%

Mode of Issue

Private Placement

Date of Issue

12-Jun-2024

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vardhaman Trusteeship Private Limited

Registrar Details

Integrated Enterprises (India) Ltd., Chennai

2nd FloorKences TowersNo.1, Ramakrishna Street, North Usman RoadChennai600 017

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 FloorKences TowersNo.1, Ramakrishna Street, North Usman RoadChennai600 017

This bond is
currently out of stock

Download Cashflow

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FAQs about MUTHOOT CAPITAL SERVICES LIMITED bonds

How to buy this MUTHOOT CAPITAL SERVICES LIMITED bond online?

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What is the yield of this MUTHOOT CAPITAL SERVICES LIMITED bond?

9.9926% is the current yield of this MUTHOOT CAPITAL SERVICES 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 MUTHOOT CAPITAL SERVICES LIMITED bond is 9.9926%, 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 MUTHOOT CAPITAL SERVICES LIMITED bond?

To redeem this MUTHOOT CAPITAL SERVICES 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 MUTHOOT CAPITAL SERVICES LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOT CAPITAL SERVICES LIMITED bond tax-free?

No, this MUTHOOT CAPITAL SERVICES 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 MUTHOOT CAPITAL SERVICES LIMITED bond before the maturity date?

Yes, it is possible to sell this MUTHOOT CAPITAL SERVICES 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

MUTHOOT CAPITAL SERVICES LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MUTHOOT CAPITAL SERVICES LIMITED bond online?

What is the yield of this MUTHOOT CAPITAL SERVICES LIMITED bond?

Is it safe to invest in bonds?

How to redeem this MUTHOOT CAPITAL SERVICES LIMITED bond?

Is this MUTHOOT CAPITAL SERVICES LIMITED bond tax-free?

Can I sell this MUTHOOT CAPITAL SERVICES LIMITED bond before the maturity date?

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