ECL Finance Limited — Bonds & AA (CRISIL) Rating on senior bonds
NBFC · Financial Services
Verify this issuer →- Current ratings CARE A, CRISIL AA, Brickwork AA
- Rating range Current ratings on senior bonds range from A (CARE 17 Nov 2025) to AA (CRISIL 28 Jun 2026, ICRA 31 Mar 2017). All current ratings on AT1 / perpetual bonds are AA (Brickwork 31 May 2017)
- 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- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 28 Jun 2026
- Payment record 27 payment disclosures since 17 Jul 2026: all on time
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 6 of 27 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.
- 27 active bonds tracked from this issuer.
- 14 of 24 tracked bonds with a stated security status are secured. (based on 24 bonds with a disclosed security status)
- Most recent rating action: reaffirm by CRISIL on 7 Oct 2026.
ECL Finance Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 8.50% - 10.60%, paid annually. Maturities on outstanding bonds fall between 2027 - 2029.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (11 bonds).
Security Type / Instrument Mix
- NCD 27 bonds · 100% · ₹2,352 Cr tracked
Funding Evolution
Based on 24 of 27 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
- AAA 1 bond · 4%
- AA 14 bonds · 52%
- A 10 bonds · 37%
- Unrated 2 bonds · 7%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CARE | A | Stable | 6 |
| CRISIL | AA | — | 5 |
| Brickwork | AA | — | 2 |
| ICRA | AA | Stable | 1 |
| CRISIL | AA | — | 5 |
| CRISIL | A+ | — | 3 |
| Acuité | AAA | — | 1 |
| Brickwork | AA | — | 1 |
| ICRA | A+ | — | 1 |
| ICRA | AA | — | 1 |
Recent Rating Actions
| ISIN | Bond Name | Coupon | Rating | Maturity | YTM | Last Trade | Details |
|---|---|---|---|---|---|---|---|
| INE804I078Q4 | ECL Finance 9.00% Mar 2027 NCD | 9.00% | AA (ICRA) | 2027-03-05 | — | — | |
| INE804IA7378 | ECL Finance 9.00% Mar 2027 NCD | 9.00% | A+ (ICRA, NSDL record 2024) | 2027-03-05 | — | — | |
| INE528S07169 | ECL Finance 10.40% Mar 2027 NCD | 10.40% | A+ (CRISIL, NSDL record 2024) | 2027-03-18 | — | — | |
| INE804I08726 | ECL Finance 9.75% Apr 2027 NCD | 9.75% | A (CARE) | 2027-04-30 | — | 2026-10-05 | |
| INE804I08759 | ECL Finance 9.65% Jun 2027 NCD | 9.65% | A (CARE) | 2027-06-08 | — | — | |
| INE528S08035 | ECL Finance 9.25% Jul 2027 NCD | 9.25% | AA (CRISIL, NSDL record 2017) | 2027-07-31 | — | — | |
| INE804I08833 | ECL Finance 9.25% Sep 2027 NCD | 9.25% | AA (ICRA, NSDL record 2017) | 2027-09-15 | — | — | |
| INE804I072X3 | ECL Finance 8.50% Sep 2027 NCD | 8.50% | — | 2027-09-17 | — | — | |
| INE804IA7360 | ECL Finance 8.50% Sep 2027 NCD | 8.50% | A+ (CRISIL, NSDL record 2025) | 2027-09-17 | — | — | |
| INE804I08841 | ECL Finance 9.25% Oct 2027 NCD | 9.25% | AA (CRISIL, NSDL record 2017) | 2027-10-06 | — | — | |
| INE528S08043 | ECL Finance 9.25% Oct 2027 NCD | 9.25% | AA (CRISIL, NSDL record 2017) | 2027-10-06 | — | — | |
| INE528S07110 | ECL Finance 8.88% Mar 2028 NCD | 8.88% | AA (CRISIL) | 2028-03-22 | — | — | |
| INE528S07128 | ECL Finance 9.25% Mar 2028 NCD | 9.25% | AA (CRISIL) | 2028-03-22 | 10.65% | 2026-11-06 | |
| INE804I078Y8 | ECL Finance 9.43% Aug 2028 NCD | 9.43% | AA (CRISIL) | 2028-08-06 | 9.38% | 2026-11-06 | |
| INE804I079Y6 | ECL Finance 9.85% Aug 2028 NCD | 9.85% | AA (CRISIL) | 2028-08-06 | 10.33% | 2026-11-06 | |
| INE804I071Y3 | ECL Finance 9.85% Aug 2028 NCD | 9.85% | — | 2028-08-31 | — | — | |
| INE804IA7386 | ECL Finance 9.85% Aug 2028 NCD | 9.85% | A+ (CRISIL, NSDL record 2025) | 2028-08-31 | — | — | |
| INE804IA7014 | ECL Finance 10.15% Jan 2029 NCD | 10.15% | AA (CRISIL, NSDL record 2018) | 2029-01-04 | 9.03% | 2026-11-06 | |
| INE804IA7022 | ECL Finance 10.60% Jan 2029 NCD | 10.60% | AA (CRISIL, NSDL record 2018) | 2029-01-04 | 10.72% | 2026-11-05 | |
| INE804IA7139 | ECL Finance 9.95% May 2029 NCD | 9.95% | A (CARE) | 2029-05-23 | — | — | |
| INE804IA7147 | ECL Finance 10.40% May 2029 NCD | 10.40% | A (CARE) | 2029-05-23 | — | — | |
| INE804IA7246 | ECL Finance 9.95% Nov 2029 NCD | 9.95% | A (CARE) | 2029-11-28 | — | 2026-09-23 | |
| INE804IA7253 | ECL Finance 10.40% Nov 2029 NCD | 10.40% | A (CARE) | 2029-11-28 | — | 2026-07-21 | |
| INE804I08734 | ECL Finance 10.25% Perpetual NCD | 10.25% | AA (Brickwork) | Perpetual | — | 2026-09-22 | |
| INE804I08742 | ECL Finance 10.25% Perpetual NCD | 10.25% | AA (Brickwork) | Perpetual | — | — | |
| INE528S08068 | ECL Finance 10.00% Perpetual NCD | 10.00% | AAA (Acuité, NSDL record 2018) | Perpetual | — | — | |
| INE528S08050 | ECL Finance 9.75% Perpetual NCD | 9.75% | AA (Brickwork, NSDL record 2017) | Perpetual | — | — |
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.
Last 30 days, across all outstanding bonds from this issuer.
Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.
| Due Date | Bond | Type | Amount Due | Amount Paid | Status | Filing |
|---|---|---|---|---|---|---|
| 2 Nov 2026 | 8.88% SECURED RATED LISTED... | Interest | ₹31,00,000.00 | ₹31,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 8.88% SECURED RATED LISTED... | Interest | ₹31,00,000.00 | ₹31,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.43% SECURED RATED LISTED... | Interest | ₹47,00,000.00 | ₹47,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.43% SECURED RATED LISTED... | Interest | ₹47,00,000.00 | ₹47,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 10.15% SECURED RATED LISTED... | Interest | ₹96,00,000.00 | ₹96,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 10.15% SECURED RATED LISTED... | Interest | ₹96,00,000.00 | ₹96,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.95% SECURED LISTED REDEEMABLE... | Interest | ₹30,00,000.00 | ₹30,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.95% SECURED LISTED REDEEMABLE... | Interest | ₹30,00,000.00 | ₹30,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.95% SECURED LISTED RATED... | Interest | ₹42,00,000.00 | ₹42,00,000.00 | Paid | XBRL → |
| 2 Nov 2026 | 9.95% SECURED LISTED RATED... | Interest | ₹42,00,000.00 | ₹42,00,000.00 | Paid | XBRL → |
| 1 Oct 2026 | 8.88% SECURED RATED LISTED... | Interest | ₹27,00,000.00 | ₹27,00,000.00 | Paid | XBRL → |
| 1 Oct 2026 | 9.43% SECURED RATED LISTED... | Interest | ₹46,00,000.00 | ₹46,00,000.00 | Paid | XBRL → |
| 1 Oct 2026 | 10.15% SECURED RATED LISTED... | Interest | ₹93,00,000.00 | ₹93,00,000.00 | Paid | XBRL → |
| 1 Oct 2026 | 9.95% SECURED LISTED REDEEMABLE... | Interest | ₹29,00,000.00 | ₹29,00,000.00 | Paid | XBRL → |
| 1 Oct 2026 | 9.95% SECURED LISTED RATED... | Interest | ₹40,00,000.00 | ₹40,00,000.00 | Paid | XBRL → |
| 15 Sep 2026 | 9.25% UNSECURED RATED LISTED... | Interest | ₹1,85,00,000.00 | ₹1,85,00,000.00 | Paid | XBRL → |
| 1 Sep 2026 | 8.88% SECURED RATED LISTED... | Interest | ₹31,00,000.00 | ₹31,00,000.00 | Paid | XBRL → |
| 1 Sep 2026 | 9.43% SECURED RATED LISTED... | Interest | ₹47,00,000.00 | ₹47,00,000.00 | Paid | XBRL → |
| 1 Sep 2026 | 10.15% SECURED RATED LISTED... | Interest | ₹96,00,000.00 | ₹96,00,000.00 | Paid | XBRL → |
| 1 Sep 2026 | 9.95% SECURED LISTED REDEEMABLE... | Interest | ₹30,00,000.00 | ₹30,00,000.00 | Paid | XBRL → |
Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 26 | 2026-06-28 |
| Rating Actions History | 4 | 2026-10-07 |
| Secondary-Market Trades | 430 | 2026-11-06 |
| Reg52(4) Payment Disclosures | 20 | 2026-11-02 |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does ECL Finance Limited have?
ECL Finance Limited currently has 27 active bonds with coupons of 8.50% - 10.60%, maturities spanning 2027 - 2029.
What is ECL Finance Limited's credit rating?
The most common current rating on ECL Finance Limited's senior bonds is AA (CRISIL). Ratings on file come from Brickwork, CARE, CRISIL, ICRA. Other instrument classes: AT1 / perpetual: AA (Brickwork).
Are ECL Finance Limited's bonds secured?
Of the 24 bonds with a disclosed security status, 14 are secured (58%) and 10 are unsecured.
When do ECL Finance Limited's bonds mature?
ECL Finance Limited's active bonds mature between 2027 - 2029; the nearest matures in Mar 2027; the average tenure is 1.4 Yrs.
What is the average coupon on ECL Finance Limited's bonds?
The average coupon across ECL Finance Limited's 27 active bonds is 9.65%.
Disclaimer: This page aggregates publicly available data about ECL 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.