Earn up to 13.04% p.a.
Predominantly secured: ~96% of AUM is secured, with ~87% backed by gold jewellery and ~10% by mortgages (home loans and LAP), supporting a small-ticket, low-risk lending model with strong collateral cover and high recoverability.
Adequate capitalisation: Net worth ₹5,384 Cr (Sep’25), supported by strong internal accruals. Gearing at 5.6x and CRAR of 18.91% provide adequate buffers for growth.
Improving profitability: PAT rose to ₹787 Cr in FY25 from ₹563 Cr in FY24, with RoMA improving to 2.3% from 2.1% in FY24, driven by strong core gold loan performance.
Healthy asset quality: Net NPA improved to 0.76% (Sep’25) from 1.28% (Mar’25), reflecting strong collection efficiency and low delinquencies in the gold loan book.
Diversified funding profile: Funding is well diversified across term loans, NCDs, ECBs, sub-debt and CP, with access to a wide PSU and private bank network (including SBI, PNB, BoB, Axis, HDFC, IndusInd, Federal Bank), supporting funding stability and refinancing flexibility.
Strong liquidity: As of Sep’25, liquidity was strong at ₹3,063 Cr (₹2,457 Cr cash & ₹606 Cr undrawn limits), with positive ALM gaps up to one year, comfortably covering the ₹1,793 Cr debt repayments due in the next three months.
*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 
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