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Aavas Financiers Limited — Bonds & AA (CARE) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CARE)
Most common current rating on senior bonds
12 of 12 rated · CARE, 30 Sep 2026
Total Debt Outstanding
₹2,308 Cr
Across 12 instruments
Active Bonds
12
First Issue
30 Mar 2020
Latest Issue
11 Sep 2026
Maturity Range
2026 - 2031
Observation
12 active bonds tracked from this issuer.
View details →
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 11 Sep 2026 Debt securities notice Intimation of allotment of Non Convertible Debenture, by Executive Committee of Board of Directors of the Company.
Issuer health card 1 item to look at
  • Current ratings CARE AA, ICRA AA
  • Rating range All current ratings are AA (CARE 30 Sep 2026, ICRA 31 Oct 2024)
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 12 active bonds had an exchange trade
  • Exchange filings, 90 days 55 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

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01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
30 Mar 2020
Start of this issuer's debt program timeline
  • 12 active bonds tracked from this issuer.
  • 12 of 12 tracked bonds with a stated security status are secured. (based on 12 bonds with a disclosed security status)

Aavas Financiers Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 6.25% - 8.64%, paid annually. Bonds mature between 2026 - 2031.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
12
Tracked by RetailBonds
Amount Tracked
₹2,308 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
7.83%
Range 6.25% - 8.64%
Avg Remaining Tenure
2.6 Yrs
Nearest maturity Nov 2026
Secured
100%
12 of 12 bonds with known status
Callable
0
Of 12 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (5 bonds).

0 2026: 1 bond, ₹99 Cr tracked, avg coupon 6.50% 1 bond 2026 2027: 1 bond, ₹85 Cr tracked, avg coupon 6.25% 1 bond 2027 2028: 2 bonds, ₹594 Cr tracked, avg coupon 8.50% 2 bonds 2028 2029: 2 bonds, ₹830 Cr tracked, avg coupon 7.95% 2 bonds 2029 2030: 5 bonds, ₹600 Cr tracked, avg coupon 8.11% 5 bonds 2030 2031: 1 bond, ₹100 Cr tracked 1 bond 2031

Security Type / Instrument Mix

  • NCD 12 bonds · 100% · ₹2,308 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹444 Cr issued 2020 2021: ₹99 Cr issued 2021 2022: ₹85 Cr issued 2022 2023: ₹150 Cr issued 2023 2024: ₹630 Cr issued 2024 2025: ₹600 Cr issued 2025 2026: ₹300 Cr issued 2026 Cumulative: ₹444 Cr Cumulative: ₹543 Cr Cumulative: ₹628 Cr Cumulative: ₹778 Cr Cumulative: ₹1,408 Cr Cumulative: ₹2,008 Cr Cumulative: ₹2,308 Cr

Based on 12 of 12 active bonds with a known issue date and issue size.

Financial Snapshot

Q1 FY27
Debt / Equity
0.03
 
Revenue from Operations
₹708.72 Cr
 
Net Profit / Loss
₹171.27 Cr
 
Profit Before Tax
₹220.10 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 21 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 12 bonds · 100%
AgencyRatingOutlookBonds
CARE AA — 10
ICRA AA Stable 2

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE216P07217 Aavas Financiers 6.50% Nov 2026 NCD 6.50% AA (CARE) 2026-11-26 — —
INE216P07225 Aavas Financiers 6.25% Mar 2027 NCD 6.25% AA (CARE) 2027-03-25 — —
INE216P07175 Aavas Financiers 8.64% Mar 2028 NCD 8.64% AA (CARE) 2028-03-30 — —
INE216P07233 Aavas Financiers 8.35% Jul 2028 NCD 8.35% AA (ICRA) 2028-07-20 — —
INE216P07308 Aavas Financiers 7.80% Jul 2029 NCD 7.80% AA (CARE) 2029-07-30 — —
INE216P07241 Aavas Financiers 8.09% Oct 2029 NCD 8.09% AA (ICRA) 2029-10-29 — —
INE216P07258 Aavas Financiers 8.42% Jan 2030 NCD 8.42% AA (CARE) 2030-01-15 — —
INE216P07266 Aavas Financiers 8.46% Jan 2030 NCD 8.46% AA (CARE) 2030-01-15 — —
INE216P07274 Aavas Financiers 8.15% Apr 2030 NCD 8.15% AA (CARE) 2030-04-26 — —
INE216P07282 Aavas Financiers 8.11% Apr 2030 NCD 8.11% AA (CARE) 2030-04-26 — —
INE216P07290 Aavas Financiers 7.40% Jun 2030 NCD 7.40% AA (CARE) 2030-06-26 — —
INE216P07316 Aavas Financiers Sep 2031 NCD — AA (CARE) 2031-09-11 — —
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YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 12 2026-09-30
Rating Actions History 0 —
Secondary-Market Trades 0 —
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Aavas Financiers Limited have?

Aavas Financiers Limited currently has 12 active bonds with coupons of 6.25% - 8.64%, maturities spanning 2026 - 2031.

What is Aavas Financiers Limited's credit rating?

The most common current rating on Aavas Financiers Limited's senior bonds is AA (CARE). Ratings on file come from CARE, ICRA.

Are Aavas Financiers Limited's bonds secured?

Of the 12 bonds with a disclosed security status, 12 are secured (100%) and 0 are unsecured.

When do Aavas Financiers Limited's bonds mature?

Aavas Financiers Limited's active bonds mature between 2026 - 2031; the nearest matures in Nov 2026; the average tenure is 2.6 Yrs.

What is the average coupon on Aavas Financiers Limited's bonds?

The average coupon across Aavas Financiers Limited's 12 active bonds is 7.83%.

Disclaimer: This page aggregates publicly available data about Aavas Financiers Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.