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Berar Finance Limited — Bonds & BBB (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
BBB (CRISIL)
Most common current rating on senior bonds
4 of 6 rated · CRISIL, 31 Jul 2025
Total Debt Outstanding
₹240 Cr
Across 8 instruments
Active Bonds
8
First Issue
28 Oct 2024
Latest Issue
22 Oct 2026
Maturity Range
2027 - 2028
Observation
8 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 23 Oct 2026 New rating assigned to BBB+ CRISIL
  • 19 Oct 2026 New rating assigned to BBB+ CRISIL
  • 1 Oct 2026 New rating assigned to BBB+ CRISIL
Issuer health card 1 item to look at
  • Current ratings CRISIL BBB, India Ratings BBB+, CRISIL BBB+
  • Rating range Current ratings range from BBB (CRISIL 31 Jul 2025, India Ratings 28 Feb 2025) to BBB+ (CRISIL 30 Sep 2025, India Ratings 30 Sep 2025)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 23 Oct 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 4 of 8 active bonds had an exchange trade
  • Exchange filings, 90 days 0 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

Alert me about Berar Finance 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.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
28 Oct 2024
Start of this issuer's debt program timeline
  • 8 active bonds tracked from this issuer.
  • 7 of 7 tracked bonds with a stated security status are secured. (based on 7 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 23 Oct 2026.

Berar Finance Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 10.45% - 12.25%, paid monthly. Maturities on outstanding bonds fall between 2027 - 2028.

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
8
Tracked by RetailBonds
Amount Tracked
₹240 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 7 of 8 bonds)
Avg Coupon
11.16%
Range 10.45% - 12.25%
Avg Remaining Tenure
1.2 Yrs
Nearest maturity Feb 2027
Secured
100%
7 of 7 bonds with known status
Callable
0
Of 8 bonds
Avg Spread vs G-Sec
+384 bps
Credit premium, from 4 bonds with a current market yield

Maturity Profile

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

0 2027: 5 bonds, ₹150 Cr tracked, avg coupon 11.47% 5 bonds 2027 2028: 3 bonds, ₹90 Cr tracked, avg coupon 10.65% 3 bonds 2028

Security Type / Instrument Mix

  • NCD 8 bonds · 100% · ₹240 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹190 Cr issued 2025 2026: ₹50 Cr issued 2026 Cumulative: ₹190 Cr Cumulative: ₹240 Cr

Based on 7 of 8 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • BBB 6 bonds · 75%
  • Unrated 2 bonds · 25%
AgencyRatingOutlookBonds
CRISIL BBB Stable 2
CRISIL BBB — 1
CRISIL BBB+ Stable 1
India Ratings BBB — 1
India Ratings BBB+ Stable 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: BBB on 2026-08-20 CRISIL: BBB on 2026-10-01 CRISIL: BBB on 2026-10-19 CRISIL: BBB on 2026-10-23
Aug 26 — Oct 26 CRISIL

Recent Rating Actions

23 Oct 2026 · CRISIL
BBB+
Initial · Stable
19 Oct 2026 · CRISIL
BBB+
Initial · Stable
1 Oct 2026 · CRISIL
BBB+
Initial · Stable
20 Aug 2026 · CRISIL
BBB+
Reaffirmed · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE998Y07162 Berar Finance 11.50% Feb 2027 NCD 11.50% BBB (India Ratings) 2027-02-12 — —
INE998Y07188 Berar Finance 11.42% Jun 2027 NCD 11.42% BBB (CRISIL) 2027-06-26 10.80% 2026-10-22
INE998Y07196 Berar Finance 11.25% Jun 2027 NCD 11.25% BBB (CRISIL) 2027-06-30 10.00% 2026-11-06
INE998Y07204 Berar Finance 10.95% Aug 2027 NCD 10.95% BBB+ (India Ratings) 2027-08-29 — —
INE998Y07170 Berar Finance 12.25% Nov 2027 NCD 12.25% BBB (CRISIL) 2027-11-25 — —
INE998Y07212 Berar Finance 11.00% Sep 2028 NCD 11.00% BBB+ (CRISIL) 2028-09-25 11.00% 2026-11-06
INE998Y07220 Berar Finance 10.45% Sep 2028 NCD 10.45% — 2028-09-30 11.25% 2026-10-29
INE998Y07238 Berar Finance 10.50% Dec 2028 NCD 10.50% — 2028-12-31 — —
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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

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
30
Avg. Yield (Last 30 Days)
10.47%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 6 2025-09-30
Rating Actions History 4 2026-10-23
Secondary-Market Trades 102 2026-11-06
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 Berar Finance Limited have?

Berar Finance Limited currently has 8 active bonds with coupons of 10.45% - 12.25%, maturities spanning 2027 - 2028.

What is Berar Finance Limited's credit rating?

The most common current rating on Berar Finance Limited's senior bonds is BBB (CRISIL). Ratings on file come from CRISIL, India Ratings.

Are Berar Finance Limited's bonds secured?

Of the 7 bonds with a disclosed security status, 7 are secured (100%) and 0 are unsecured.

When do Berar Finance Limited's bonds mature?

Berar Finance Limited's active bonds mature between 2027 - 2028; the nearest matures in Feb 2027; the average tenure is 1.2 Yrs.

What is the average coupon on Berar Finance Limited's bonds?

The average coupon across Berar Finance Limited's 8 active bonds is 11.16%.

Disclaimer: This page aggregates publicly available data about Berar Finance 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.