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Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD (INE774D08MV2)

CARE AAA · NSDL record, 2022 Unsecured NCD

Mahindra and Mahindra Financial Services Limited

Unsecured, Taxable, Redeemable NCD

Browse: bonds maturing in 2032

39 more bonds from Mahindra and Mahindra Financial Services Limited →
Current YTM
—
No current market yield
Coupon Rate
8.20%
Per annum
Maturity Date
21 Jul 2032
5.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,00,00,000
Per Bond

Market Position

YTM (Annual)
—
No trade in the last 30 days, so the last traded yield is not shown as current. Last trade 5 Oct 2026.
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
5.7 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.

Price data as a table: Recent Market Prices

Cashflow Timeline

21 Jul 2027
Interest Payment
₹8,20,000.00 / Bond
₹7,38,000.00 net of 10% TDS (est.)
21 Jul 2028
Interest Payment
₹8,20,000.00 / Bond
₹7,38,000.00 net of 10% TDS (est.)
21 Jul 2029
Interest Payment
₹8,20,000.00 / Bond
₹7,38,000.00 net of 10% TDS (est.)
21 Jul 2030
Interest Payment
₹8,20,000.00 / Bond
₹7,38,000.00 net of 10% TDS (est.)
21 Jul 2031
Interest Payment
₹8,20,000.00 / Bond
₹7,38,000.00 net of 10% TDS (est.)
21 Jul 2032
Final coupon + principal
₹1,08,20,000.00 / Bond
₹8,20,000.00 coupon + ₹1,00,00,000 face value

6 coupons remaining, the last paid with principal at maturity · per ₹1,00,00,000 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 21 Jul 2022 Matures 21 Jul 2032

Key Metrics

Coupon Rate
8.20%
YTM (Annual)
—
Credit Rating
AAA
Rating on NSDL record (CARE, 2022)
Not a current agency rating; see below
Remaining Tenure
5.7 Years

AAA (CARE): Rating on NSDL record (CARE, 2022), dated 24 Jun 2022. 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 No current rating from an agency or exchange is on file, so it may be out of date.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
4.31 Yrs
Macaulay Duration
4.67 Yrs
Issue Size
₹380 Cr
Face Value
₹1,00,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
4.31 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
5 Oct 2026
BSE
Trades (30 Days)
0
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 2.00 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
21 Jul 2022
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Mahindra and Mahindra Financial Services Limited issued Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD, an unsecured NCD. It pays an 8.20% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

1 actions

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

DateAgencyActionRatingOutlookRationale
2026-08-14 CRISIL Update — — View →
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →

Rating Actions on Mahindra and Mahindra Financial Services 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
2026-08-14 CRISIL Update — View →
Alert me about Mahindra and Mahindra Financial Services 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 INE774D08MV2: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-10-05 96.5300 8.9700 1
2026-09-30 96.4100 8.2000 1

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 1 CARE (NSDL record) 2022-06-24
Rating Actions History 1 — 2026-08-14
Secondary-Market Trades 2 BSE 2026-10-05
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.
  • No trade in the last 30 days, so the last traded yield is not shown as current.

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)
₹96,53,000.00
YTM—
Trade Date 5 Oct 2026 34d ago
SourceBSE
Accrued interest (est.)₹2,49,369.86
Dirty price (est.)₹99,02,369.86
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE774D08MV2
Issue Date
21 Jul 2022
Maturity Date
21 Jul 2032
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Unsecured
Day Count
ACT/ACT
View Term Sheet
Rating Alerts

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Frequently Asked Questions
What is the coupon rate on Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD?

Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD carries a coupon of 8.20%, paid annual, on a face value of ₹1,00,00,000.

When does Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD mature?

Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD matures on 21 Jul 2032, 5.7 years from today.

What is Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD rated?

No current rating from an agency or exchange is on file for Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD. NSDL's debt master records a rating of AAA by CARE, dated 24 Jun 2022, often from the time of issue, so it may be out of date.

Is Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD secured?

Mahindra and Mahindra Financial Services 8.20% Jul 2032 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

More Bonds from This Issuer

M
Mahindra and Mahindra Financial Services 9.20% Jan 2027 NCD
INE774D07SV1
AAA NSDL record, 2018
Coupon
9.20%
Maturity
18 Jan 2027
M
Mahindra and Mahindra Financial Services 9.30% Jan 2027 NCD
INE774D07SW9
AAA NSDL record, 2018
Coupon
9.30%
Maturity
18 Jan 2027
M
Mahindra and Mahindra Financial Services 8.25% Mar 2027 NCD
INE774D07VE1
AAA
Coupon
8.25%
Maturity
25 Mar 2027
M
Mahindra and Mahindra Financial Services 8.00% Apr 2027 NCD
INE774D07VJ0
AAA
Coupon
8.00%
Maturity
27 Apr 2027
Compare (/) Compare Bonds

Comparable NCDs maturing near 2032

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 8.20%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE537P07935India Infradebt Limited—8.19%2031-12-26
INE246R07954NIIF Infrastructure Finance Limited—8.19%2032-02-19
INE891K07AP8Axis Finance LimitedAAA8.21%2031-08-11
INE916DA7TO5Kotak Mahindra Prime LimitedAAA8.15%2031-10-21
INE572E07316PNB Housing Finance Limited—8.13%2031-09-17
INE860H07ID8Aditya Birla Capital LimitedAAA8.12%2032-11-18

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