Mahindra and Mahindra 9.55% Jul 2063 NCD (INE101A08070)

ICRA AA+ Unsecured NCD

Mahindra and Mahindra Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds

Current YTM

—

No market YTM available

Coupon Rate

9.55%

Per annum

Maturity Date

04 Jul 2063

36.7 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹10,00,000

Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

4 Nov 2026 Credit rating disclosure Credit Rating
28 Sep 2026 Credit rating disclosure Credit Rating
18 Sep 2026 Credit rating disclosure Credit Rating
7 Sep 2026 Credit rating disclosure Credit Rating

Market Position

YTM (Annual)

—

No trade with a usable price on record

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Tenure

36.7 Years

Remaining to maturity

Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.

Showing last 10 trades.

Cashflow Timeline

Payment schedule not projected

The issuer's filed interest dates do not follow the maturity-date anniversaries our projection assumes, so projected dates and accrued interest would be wrong.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

9.55%

YTM (Annual)

—

Credit Rating

AA+

(ICRA) · rated 31 Jul 2013, 13 years ago

Over 15 months old; see below

Remaining Tenure

36.7 Years

AA+ (ICRA): Rated 31 Jul 2013 (13 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

—

Macaulay Duration

—

Issue Size

₹500 Cr

Minimum Investment

₹10,00,000

1 bond × ₹10,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

—

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

—

No recorded trades

Trades (30 Days)

Exchange-reported sessions

Security Status

Unsecured

No call option

Observations

This bond is unsecured.
No secondary-market trades recorded in the last 30 days.
Coupon is 0.65 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026

Issuer

Mahindra and Mahindra Limited

Instrument Type

NCD

Issue Date

4 Jul 2013

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Mahindra and Mahindra Limited issued Mahindra and Mahindra 9.55% Jul 2063 NCD, an unsecured, rated NCD. It pays a 9.55% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

Date	Agency	Rating	Outlook	Status	Source
31 Jul 2013	ICRA	AA+	—	Latest	BSE listing
2013	CRISIL	AA+	—	NSDL record, 2013	NSDL debt master

Rating Action History

1 actions

Agency actions on Mahindra and Mahindra Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-09-18	CRISIL	Reaffirm	AAA	Stable	View →

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Mahindra and Mahindra Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-09-18	CRISIL	Reaffirm	AAA / Stable	View →

Alert me about Mahindra and Mahindra Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	2	CRISIL, ICRA	2013-07-31
Rating Actions History	1	—	2026-09-18
Secondary-Market Trades	0	—	—
Reg52(4) Payment Disclosures	0	—	—

No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata

Source: BSE
Last Updated: 8 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions

What is the coupon rate on Mahindra and Mahindra 9.55% Jul 2063 NCD?

Mahindra and Mahindra 9.55% Jul 2063 NCD carries a coupon of 9.55%, paid annual, on a face value of ₹10,00,000.

When does Mahindra and Mahindra 9.55% Jul 2063 NCD mature?

Mahindra and Mahindra 9.55% Jul 2063 NCD matures on 4 Jul 2063, 36.7 years from today.

What is Mahindra and Mahindra 9.55% Jul 2063 NCD rated?

Mahindra and Mahindra 9.55% Jul 2063 NCD is rated AA+ by ICRA (rating dated 31 Jul 2013).

Is Mahindra and Mahindra 9.55% Jul 2063 NCD secured?

Mahindra and Mahindra 9.55% Jul 2063 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does Mahindra and Mahindra 9.55% Jul 2063 NCD trade?

Mahindra and Mahindra 9.55% Jul 2063 NCD is listed on BSE.

Comparable NCDs maturing near 2063

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 9.55%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE159808059	Balaton Solar Private Limited	—	10.00%	2063-11-09
INE159808042	Balaton Solar Private Limited	—	10.00%	2063-12-22
INE1FM508037	Lucerne Solar Private Limited	—	10.00%	2064-02-05
INE1FM508045	Lucerne Solar Private Limited	—	10.00%	2064-03-08
INE159808067	Balaton Solar Private Limited	—	10.00%	2064-05-17
INE1EA208039	Garda Solar Private Limited	—	6.00%	2062-08-17

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