P
AA Secured NCD

Piramal Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
7.20%
Market YTM
Coupon Rate
9.20%
Per annum
Maturity Date
03 Nov 2028
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
7.20%
Live, last traded 2026-08-11
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+266 bps
vs 2.2Y G-Sec at 4.54%
Below the median spread for similar-tenor peers
Tenure
2.2 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-03 2026-08-11
Cashflow Timeline
3 Nov 2026
Interest Payment
₹92.00 / Bond
3 Nov 2027
Interest Payment
₹92.00 / Bond
3 Nov 2028
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Rating action: by CRISIL on 2026-08-26 Rating action: AA by CRISIL on 2026-08-19 Rating action: by CRISIL on 2026-07-28 Rating action: by CRISIL on 2026-06-29 Initial rating: AA by CRISIL on 2026-06-17 Issued 2023-11-03 Matures 2028-11-03

5 rating actions on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
9.20%
YTM (Annual)
7.20%
Credit Rating
AA
(ICRA)
Remaining Tenure
2.2 Years
Advanced metrics
Modified Duration
1.81 Yrs
Macaulay Duration
1.94 Yrs
Issue Size
₹73 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
1.81 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-11
NSE CM
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 0.80 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-11-03
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

9.2% SECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIS III TRANCHE I DATE OF MATURITY 03/11/2028 is a secured, rated, redeemable ncd issued by Piramal Finance Limited. The bond offers a fixed coupon of 9.20% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 5 actions
DateAgencyActionRatingOutlookRationale
2026-08-26 CRISIL Other View →
2026-08-19 CRISIL Other AA View →
2026-07-28 CRISIL Other View →
2026-06-29 CRISIL Other View →
2026-06-17 CRISIL Initial AA View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-11 104.0200 7.2046 None
2026-07-24 113.9400 2.8266 75
2026-07-08 106.0000 6.3687 1
2026-07-03 108.0000 5.4938 20
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, ICRA 2026-06-28
Rating Actions History 5 2026-08-26
Secondary-Market Trades 4 NSE CM 2026-08-11
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 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 Piramal Finance 9.20% Nov 2028 NCD?

Piramal Finance 9.20% Nov 2028 NCD carries a coupon of 9.20%, paid annual, on a face value of ₹1,000.

When does Piramal Finance 9.20% Nov 2028 NCD mature?

Piramal Finance 9.20% Nov 2028 NCD matures on 2028-11-03, 2.2 years from today.

What is Piramal Finance 9.20% Nov 2028 NCD rated?

Piramal Finance 9.20% Nov 2028 NCD is rated AA by ICRA and AA by CARE. As of 2026-06-28.

Is Piramal Finance 9.20% Nov 2028 NCD secured?

Piramal Finance 9.20% Nov 2028 NCD is a secured bond.

What yield does Piramal Finance 9.20% Nov 2028 NCD currently offer?

The last recorded trade on 2026-08-11 priced Piramal Finance 9.20% Nov 2028 NCD at ₹104.02, implying a yield to maturity of 7.20%.

More Bonds from This Issuer
9
Piramal Finance 9.05% Nov 2026 NCD
AA
Coupon
9.05%
Maturity
03 Nov 2026
P
Piramal Finance 9.30% Jan 2027 NCD
AA
Coupon
9.30%
Maturity
07 Jan 2027
P
Piramal Finance ZC Jan 2027 NCD
Coupon
Maturity
22 Jan 2027
9
Piramal Finance 9.55% Mar 2027 NCD
AA
Coupon
9.55%
Maturity
08 Mar 2027
Compare (/) Compare Bonds

← Back to screener