ELECTRONICA FINANCE LIMITED Coupon 13% | NBFC Corporate Bond

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Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

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

Earn 11.27% p.a

Invest Now

Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

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

Earn 11.27% p.a

Invest Now

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

4Y 7M 10Days

Payment Terms

Monthly

Highlights

Credit Rating

IND A-/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

About Issuer

ELECTRONICA FINANCE LIMITED

Since its inception in 1990, the SRP Electronica Group has started a journey, evolving from a manufacturing company into a pioneering force in the financial domain. Founded by a group of first-generation technocrats, the company's early years were marked by the familiar challenges faced by small and medium-sized enterprises (SMEs), particularly in finance.

Recognizing the hurdles faced by SMEs in securing financing for essential machinery, the SRP Electronica Group strategically leveraged its deep understanding of machines and manufacturing expertise to venture into the financing of machine purchases.

Drawing upon its wealth of experience, the group introduced services such as doorstep finance and assessment-based financing. Soon, the company expanded its reach to finance machines from other manufacturers, not only in the machine tool industry but also across diverse sectors.

The products, services, and last-mile connectivity offered by Electronica Finance Limited caught the attention of the Small Industries Development Bank of India (SIDBI), leading to a strategic partnership that has flourished for over 15 years.

With 200+ branches spread across India, over 30 years in the business, and a workforce of 2000+, Electronica Finance Limited is growing. The company has financed over 50,000 machines, demonstrating its support for the growth and development of businesses.

Electronica Finance Limited's success is attributed to its commitment to customer-centricity and assessment-based financing. The introduction of products like loans for the purchase of industrial properties, bill discounting, and working capital loans further solidified its position in the market.

Total Annual Revenue

32,731.02 Lakhs (FY 2022-23)

Year of Inception

1990

Industry

NBFC Corporate

Head Office

Pune

Type of Issuer

Corporate

Current MD/CEO

Ms. Shilpa Pophale

Credit Rating / Outlook

A- STABLE

IND

Rating Rationale

Rating Date: 12-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

ELECTRONICA FINANCE LIMITED

Security Name

13% ELECTRONICA FINANCE LIMITED UnSecured Rated Listed NCD Maturity 28-Jun-2029

ISIN

Copy

INE612U08041

Face Value

₹ 1,00,000

Coupon Rate

13%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

28-Jun-2029

Clean Price

₹ 102.98

Dirty Price

Current Yield

12.6234%

Yield to Maturity

12.8425%

Mode of Issue

Private Placement

Date of Issue

28-Dec-2023

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

Trustee Details

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Registrar Details

Link Intime India Private Limited,Mumbai

C-13, Pannalal Silk Mills CompoundLBS MargBhandup (W)Mumbai 400078

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: Link Intime India Private Limited,Mumbai C-13, Pannalal Silk Mills CompoundLBS MargBhandup (W)Mumbai 400078

This bond is
currently out of stock

Download Cashflow

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FAQs about ELECTRONICA FINANCE LIMITED bonds

How to buy this ELECTRONICA FINANCE LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy ELECTRONICA FINANCE LIMITED bond online follow the steps below:

Login/signup at GoldenPi
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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this ELECTRONICA FINANCE LIMITED bond?

12.8425% is the current yield of this ELECTRONICA 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 ELECTRONICA FINANCE LIMITED bond is 12.8425%, 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 ELECTRONICA FINANCE LIMITED bond?

To redeem this ELECTRONICA FINANCE 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 ELECTRONICA FINANCE LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this ELECTRONICA FINANCE LIMITED bond tax-free?

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

Yes, it is possible to sell this ELECTRONICA FINANCE 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

About Issuer

ELECTRONICA FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this ELECTRONICA FINANCE LIMITED bond online?

What is the yield of this ELECTRONICA FINANCE LIMITED bond?

Is it safe to invest in bonds?

How to redeem this ELECTRONICA FINANCE LIMITED bond?

Is this ELECTRONICA FINANCE LIMITED bond tax-free?

Can I sell this ELECTRONICA FINANCE LIMITED bond before the maturity date?

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