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Torrent Pharmaceuticals 7.80% Jan 2031 NCD (INE685A07173)

ICRA AA+ Secured NCD

Torrent Pharmaceuticals Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2031

4 more bonds from Torrent Pharmaceuticals Limited →
Current YTM
8.30%
Market YTM
Coupon Rate
7.80%
Per annum
Maturity Date
17 Jan 2031
4.2 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.

Market Position

YTM (Annual)
8.30%
Last traded 21 Oct 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+116 bps
vs 4.2Y G-Sec at 7.14%
Below the median spread for similar-tenor peers
Tenure
4.2 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
16 Jul 202621 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

19 Jan 2027
Interest Payment
₹7,800.00 / Bond
₹7,020.00 net of 10% TDS (est.)
19 Jan 2028
Interest Payment
₹7,800.00 / Bond
₹7,020.00 net of 10% TDS (est.)
19 Jan 2029
Interest Payment
₹7,800.00 / Bond
₹7,020.00 net of 10% TDS (est.)
19 Jan 2030
Interest Payment
₹7,800.00 / Bond
₹7,020.00 net of 10% TDS (est.)
17 Jan 2031
Final coupon (part period) + principal
₹1,07,757.26 / Bond
₹7,757.26 coupon + ₹1,00,000 face value

5 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 19 Jan 2026 Matures 17 Jan 2031

Key Metrics

Coupon Rate
7.80%
YTM (Annual)
8.30%
Credit Rating
AA+
(ICRA) · seen 28 Jun 2026
Remaining Tenure
4.2 Years
Advanced metrics
Modified Duration
3.24 Yrs
Macaulay Duration
3.51 Yrs
Issue Size
₹3,500 Cr
Face Value
₹1,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
3.24 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
21 Oct 2026
NSE OTC (WAP)
Trades (30 Days)
4
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 4 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.40 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
19 Jan 2026
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Issued by Torrent Pharmaceuticals Limited, Torrent Pharmaceuticals 7.80% Jan 2031 NCD is a secured, rated NCD. It pays a 7.80% 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.

DateAgencyRatingOutlookStatusSource
seen on 28 Jun 2026 ICRA AA+ — Latest NSE listing
2026 India Ratings AA+ — NSDL record, 2026 NSDL debt master
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Torrent Pharmaceuticals 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 INE685A07173: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-21 98.2000 8.3000 —
2026-10-19 98.2000 8.3000 —
2026-10-12 98.5300 8.2000 —
2026-10-09 98.5300 8.2000 —
2026-08-26 99.5160 7.9100 —
2026-08-25 99.5160 7.9100 —
2026-07-24 99.5400 7.9000 —
2026-07-23 99.5400 7.9000 —
2026-07-17 99.5400 7.9000 —
2026-07-16 99.5400 7.9000 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 ICRA, India Ratings 2026-06-28
Rating Actions History 0 — —
Secondary-Market Trades 10 NSE OTC (WAP) 2026-10-21
Reg52(4) Payment Disclosures 0 — —

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)
₹98,200.00
YTM8.30%
Trade Date 21 Oct 2026 18d ago
SourceNSE OTC (WAP)
Accrued interest (est.)₹6,325.48
Dirty price (est.)₹1,04,525.48
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE685A07173
Issue Date
19 Jan 2026
Maturity Date
17 Jan 2031
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Torrent Pharmaceuticals 7.80% Jan 2031 NCD?

Torrent Pharmaceuticals 7.80% Jan 2031 NCD carries a coupon of 7.80%, paid annual, on a face value of ₹1,00,000.

When does Torrent Pharmaceuticals 7.80% Jan 2031 NCD mature?

Torrent Pharmaceuticals 7.80% Jan 2031 NCD matures on 17 Jan 2031, 4.2 years from today.

What is Torrent Pharmaceuticals 7.80% Jan 2031 NCD rated?

Torrent Pharmaceuticals 7.80% Jan 2031 NCD is rated AA+ by ICRA (rating dated 28 Jun 2026).

Is Torrent Pharmaceuticals 7.80% Jan 2031 NCD secured?

Torrent Pharmaceuticals 7.80% Jan 2031 NCD is a secured bond.

What yield does Torrent Pharmaceuticals 7.80% Jan 2031 NCD currently offer?

The last recorded trade on 21 Oct 2026 priced Torrent Pharmaceuticals 7.80% Jan 2031 NCD at ₹98,200.00 per bond, implying a yield to maturity of 8.30%.

More Bonds from This Issuer

T
Torrent Pharmaceuticals 7.45% Jan 2028 NCD
INE685A07132
AA+ NSDL record, 2026
Coupon
7.45%
Maturity
19 Jan 2028
T
Torrent Pharmaceuticals 7.60% Jan 2029 NCD
INE685A07157
AA+ NSDL record, 2026
Coupon
7.60%
Maturity
19 Jan 2029
T
Torrent Pharmaceuticals Nov 2029 NCD
INE685A07124
AA+ NSDL record, 2022
Coupon
—
Maturity
09 Nov 2029
T
Torrent Pharmaceuticals 7.70% Jan 2030 NCD
INE685A07165
AA+ NSDL record, 2026
Coupon
7.70%
Maturity
18 Jan 2030
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INE103A08035Mangalore Refinery and Petrochemicals LimitedAAA7.75%2030-01-29
INE134E08KV1Power Finance Corporation LimitedAAA7.75%2030-06-11

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