SATIN CREDITCARE NETWORK LIMITED

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Investment Opportunity in Embassy Group Company

Earn up to 13.04% p.a.

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

Earn up to 11.10% p.a

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Investment Opportunity in Embassy Group Company

Earn up to 13.04% p.a.

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

Earn up to 11.10% p.a

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Returns (YTM)

Upto 11.40%

Min. Investment

₹ 29,476

Tenure

11M - 24M

Payment Terms

Monthly

Highlights

Credit Rating

ICRA A/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Established franchise: 30+ year MFI track record with consolidated AUM ₹13,341 Cr. (Dec '25), pan-India presence across 558 districts/29 states via ~1,987 branches;

Diversified business profile:SCNL provides microfinance alongside affordable housing & MSME loans through its subsidiaries, Satin Housing Finance Ltd. & Satin Finserv Ltd.

Strong capitalization: Net worth of ₹2,988 Cr. in Dec '25 with high capital adequacy ratio (CAR) of 24.60% and manageable gearing of 2.94x.

Improving profitability:PAT surged 125% YoY to ₹71 crore in Q3 FY26 (up from ₹31 crore in Q3 FY25), also showing a healthy 36% QoQ growth from ₹52 crore in Q2 FY26.

Improving Margins: NIM improved 22 bps YoY to 13.96% in the first nine months of FY26 (9M-FY26) vs 13.74% (9M-FY26) . Sequentially (QoQ), NIM improved 2 bps to 14.71% (Dec '26) vs 14.69%(Sept ‘26) showing recovery in microfinance loans.

Diversified funding profile: Term laon & PTCs (51.5%), NCDs (11.15%), ECBs (15.3%), Direct assignment (21.9%).

Large lender base: 73 active lenders include major FIs, such as PSU Banks (e.g., SBI, BoB, Union Bank, BoM, Canara) and Private Banks (e.g., Axis, HSBC, Standard Chartered Bank).

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

1.27

Net NPA

Good

Benchmark: Lower than 3%

25.85

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

2.72

Debt to Equity Ratio

Good

Benchmark: Maximum 12 times

1.25

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Satin Creditcare Network Limited was founded on 16^th October 1990. The Chairman and Managing Director is Mr. H.P. Singh. The business is primarily based on the Joint Liability Group (JLG) model for providing collateral free, microcredit facilities to economically active women in rural and semi-urban areas. It also provides loans to individual businesses, loans to MSMEs, product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities. It converted to a Non-Banking Financial Company-Micro Finance Institution in November 2013.

Total Annual Revenue

2376.76 Cr (FY - 2025)

Year of Inception

1990

Industry

NBFC Retail

Head Office

DELHI

Type of Issuer

Corporate

Current MD/CEO

Mr. Harvinder Pal Singh

Credit Rating / Outlook

A STABLE

ICRA

Rating Rationale

Rating Date: 14-Aug-2025

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

SATIN CREDITCARE NETWORK LIMITED

Security Name

10% SATIN CREDITCARE NETWORK LIMITED Secured Rated Listed NCD Maturity 30-Jan-2028

ISIN

Copy

INE836B07915

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

10%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

30-Jan-2028

Clean Price

₹ 98.53

Dirty Price

₹ 99.04

Current Yield

10.1495%

Yield to Maturity

11.3983%

Mode of Issue

Private Placement

Date of Issue

30-Jan-2026

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

901,9th Floor, Tower- B, Peninsula Business Park,Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Selenium Tower B, Plot No 31 & 32 Financial District, Nanakramguda Serilingampally, Hyderabad Rangareddi - 500032, Telangana, India

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: KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower B, Plot No 31 & 32 Financial District, Nanakramguda Serilingampally, Hyderabad Rangareddi - 500032, Telangana, India

Units

Select Tenure

Invest in this tenure with Early Sell option.

Investment Amount

₹ 29,712.34

Total Returns

₹ 2,794.51

Total Receivable

₹ 32,506.85

Cashflow Timeline

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FAQs about SATIN CREDITCARE NETWORK LIMITED bonds

How to buy this SATIN CREDITCARE NETWORK LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy SATIN CREDITCARE NETWORK LIMITED bond online follow the steps below:

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this SATIN CREDITCARE NETWORK LIMITED bond?

11.3983% is the current yield of this SATIN CREDITCARE NETWORK 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 SATIN CREDITCARE NETWORK LIMITED bond is 11.3983%, 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 SATIN CREDITCARE NETWORK LIMITED bond?

To redeem this SATIN CREDITCARE NETWORK 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 SATIN CREDITCARE NETWORK LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this SATIN CREDITCARE NETWORK LIMITED bond tax-free?

No, this SATIN CREDITCARE NETWORK 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 SATIN CREDITCARE NETWORK LIMITED bond before the maturity date?

Yes, it is possible to sell this SATIN CREDITCARE NETWORK 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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Talk to our Support Team for free. We will help you through your investment journey.

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Cashflow Timeline for Early Sell Option

Timeline

Total Receivable*

Net Receivable**

2026

₹ 32,506.85

₹ 32,256.16

30 Mar	Interest ₹ 246.58	Interest ₹ 221.92
30 Apr	Interest ₹ 254.79	Interest ₹ 229.32
30 May	Interest ₹ 246.58	Interest ₹ 221.92
30 Jun	Interest ₹ 254.79	Interest ₹ 229.32
30 Jul	Interest ₹ 246.58	Interest ₹ 221.92
30 Aug	Interest ₹ 254.79	Interest ₹ 229.32
30 Sep	Interest ₹ 254.79	Interest ₹ 229.32
30 Oct	Interest ₹ 246.58	Interest ₹ 221.92
30 Nov	Interest ₹ 254.79	Interest ₹ 229.32
30 Dec (Early Sell Option)	Interest ₹ 246.58 + ₹ 30,000 (100% of Principal)	Interest ₹ 221.92 + ₹ 30,000 (100% of Principal)

* The interest amount is paid as per total invested face value (₹ 30000) and annual coupon rate of 10%.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

Ratio Analysis

About Issuer