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Ultratech Cement 7.34% Mar 2028 NCD (INE481G08123)

CRISIL AAA · NSDL record, 2025 Unsecured NCD

Ultratech Cement Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2028

5 more bonds from Ultratech Cement Limited →
Current YTM
7.70%
Market YTM
Coupon Rate
7.34%
Per annum
Maturity Date
03 Mar 2028
1.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 17 Aug 2026 New rating assigned to AAA CRISIL
  • 17 Aug 2026 Credit rating disclosure Credit Rating

Market Position

YTM (Annual)
7.70%
Last traded 22 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+78 bps
vs 1.3Y G-Sec at 6.92%
Below the median spread for similar-tenor peers
Tenure
1.3 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
7 Aug 202622 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

5 Mar 2027
Interest Payment
₹7,340.00 / Bond
₹6,606.00 net of 10% TDS (est.)
3 Mar 2028
Final coupon (part period) + principal
₹1,07,299.89 / Bond
₹7,299.89 coupon + ₹1,00,000 face value

2 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 5 Mar 2025 Matures 3 Mar 2028

Key Metrics

Coupon Rate
7.34%
YTM (Annual)
7.70%
Credit Rating
AAA
Rating on NSDL record (CRISIL, 2025)
Not a current agency rating; see below
Remaining Tenure
1.3 Years

AAA (CRISIL): Rating on NSDL record (CRISIL, 2025), dated 19 Feb 2025. The rating NSDL's debt master records for this instrument, often from the time of issue. No current rating from an agency or exchange is on file, so it may be out of date.

Advanced metrics
Modified Duration
1.16 Yrs
Macaulay Duration
1.25 Yrs
Issue Size
₹1,000 Cr
Face Value
₹1,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
1.16 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
22 Oct 2026
BSE
Trades (30 Days)
2
Exchange-reported sessions
Security Status
Unsecured
No call option

Observations

  • This bond is unsecured.
  • 2 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.86 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 16 Jul 2026
Instrument Type
NCD
Issue Date
5 Mar 2025
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Ultratech Cement 7.34% Mar 2028 NCD is an unsecured NCD issued by Ultratech Cement Limited. It pays a 7.34% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

2 actions

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

DateAgencyActionRatingOutlookRationale
2026-08-17 CRISIL Initial AAA Stable View →
2026-07-23 CRISIL Reaffirm AAA Stable View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Ultratech Cement 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.

DateAgencyActionRatingRationale
2026-08-17 CRISIL Initial AAA / Stable View →
2026-07-23 CRISIL Reaffirm AAA / Stable View →
Alert me about Ultratech Cement 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.

Recent Market Prices

Recent BSE trades for INE481G08123: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-22 99.4700 7.7000 1
2026-10-19 99.4242 7.7350 —
2026-09-08 100.0408 7.2500 —
2026-08-07 100.2505 7.1095 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL (NSDL record) 2025-02-19
Rating Actions History 2 — 2026-08-17
Secondary-Market Trades 4 BSE 2026-10-22
Reg52(4) Payment Disclosures 0 — —
  • No current rating from an agency or exchange on file; the rating shown is the one NSDL's debt master records, often from the time of issue.

Documents

Entity metadata
Source
NSDL debt master
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.

Current Price (Clean)
₹99,470.00
YTM7.70%
Trade Date 22 Oct 2026 17d ago
SourceBSE
Accrued interest (est.)₹5,047.51
Dirty price (est.)₹1,04,517.51
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE481G08123
Issue Date
5 Mar 2025
Maturity Date
3 Mar 2028
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Ultratech Cement 7.34% Mar 2028 NCD?

Ultratech Cement 7.34% Mar 2028 NCD carries a coupon of 7.34%, paid annual, on a face value of ₹1,00,000.

When does Ultratech Cement 7.34% Mar 2028 NCD mature?

Ultratech Cement 7.34% Mar 2028 NCD matures on 3 Mar 2028, 1.3 years from today.

What is Ultratech Cement 7.34% Mar 2028 NCD rated?

No current rating from an agency or exchange is on file for Ultratech Cement 7.34% Mar 2028 NCD. NSDL's debt master records a rating of AAA by CRISIL, dated 19 Feb 2025, often from the time of issue, so it may be out of date.

Is Ultratech Cement 7.34% Mar 2028 NCD secured?

Ultratech Cement 7.34% Mar 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Ultratech Cement 7.34% Mar 2028 NCD currently offer?

The last recorded trade on 22 Oct 2026 priced Ultratech Cement 7.34% Mar 2028 NCD at ₹99,470.00 per bond, implying a yield to maturity of 7.70%.

More Bonds from This Issuer

U
Ultratech Cement 7.22% Feb 2029 NCD
INE481G08156
Coupon
7.22%
Maturity
02 Feb 2029
U
Ultratech Cement 7.23% Feb 2030 NCD
INE481G08149
Coupon
7.23%
Maturity
01 Feb 2030
U
Ultratech Cement 7.34% Mar 2030 NCD
INE481G08115
AAA NSDL record, 2025
Coupon
7.34%
Maturity
05 Mar 2030
U
Ultratech Cement 7.25% Aug 2031 NCD
INE481G08131
Coupon
7.25%
Maturity
01 Aug 2031
Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

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 7.34%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE129A08014GAIL (India) LimitedAAA NSDL record, 20227.34%2027-12-20
INE556F08KS8Small Industries Development Bank of IndiaAAA NSDL record, 20247.34%2029-02-26
INE403D08272Bharti Telecom LimitedAAA7.35%2027-10-15
INE121A07SP3Cholamandalam Investment and Finance Company LimitedAA+ NSDL record, 20257.36%2028-12-02
INE891K07AG7Axis Finance LimitedAAA7.37%2028-08-23
INE296A07TT3Bajaj Finance LimitedAAA7.31%2028-02-11

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