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Finkurve Financial Services 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
8 of 11 rated · CRISIL, 31 Mar 2026
Total Debt Outstanding
₹524 Cr
Across 14 instruments
Active Bonds
14
First Issue
19 May 2022
Latest Issue
29 Jul 2026
Maturity Range
2027 - 2031
Observation
14 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.
  • 30 Oct 2026 Record date Intimation for interest payment to concerned NCD holders as on record date for ISIN - INE734I07040 and INE734I07057
  • 23 Oct 2026 Interest payment notice We wish to clarify that corporate announcement for interest payment to NCD Holders was inadvertently uploaded under the wrong tab
  • 23 Oct 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
  • 30 Sep 2026 Record date Intimation for interest payment to concerned NCD Holders as on record date September 16, 2026 for ISIN-INE73I07057 & INE734I07040
  • 22 Sep 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
Issuer health card 1 item to look at
  • Current ratings CRISIL BBB, CARE BBB+
  • Rating range Current ratings range from BBB (CRISIL 31 Mar 2026) to BBB+ (CARE 31 Jul 2026)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 31 Jul 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 6 of 14 active bonds had an exchange trade
  • Exchange filings, 90 days 50 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 Finkurve 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.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
19 May 2022
Start of this issuer's debt program timeline
  • 14 active bonds tracked from this issuer.
  • 14 of 14 tracked bonds with a stated security status are secured. (based on 14 bonds with a disclosed security status)

Finkurve Financial Services Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 10.00% - 12.00%, paid quarterly. Bonds mature between 2027 - 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
14
Tracked by RetailBonds
Amount Tracked
₹524 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 12 of 14 bonds)
Avg Coupon
11.39%
Range 10.00% - 12.00%
Avg Remaining Tenure
1.7 Yrs
Nearest maturity Jul 2027
Secured
100%
14 of 14 bonds with known status
Callable
0
Of 14 bonds
Avg Spread vs G-Sec
+508 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (6 bonds).

0 2027: 6 bonds, ₹189 Cr tracked, avg coupon 11.44% 6 bonds 2027 2028: 5 bonds, ₹304 Cr tracked, avg coupon 11.53% 5 bonds 2028 2029: 2 bonds, ₹24 Cr tracked, avg coupon 11.55% 2 bonds 2029 2031: 1 bond, ₹8 Cr tracked, avg coupon 10.00% 1 bond 2031

Security Type / Instrument Mix

  • NCD 14 bonds · 100% · ₹524 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹8 Cr issued 2022 2024: ₹49 Cr issued 2024 2025: ₹134 Cr issued 2025 2026: ₹334 Cr issued 2026 Cumulative: ₹8 Cr Cumulative: ₹56 Cr Cumulative: ₹190 Cr Cumulative: ₹524 Cr

Based on 12 of 14 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

FY26 vs FY26
Debt / Equity
0.02
Prior: 0.01
Debt Service Coverage (DSCR)
0.01
Prior: 0.01
Interest Service Coverage (ISCR)
0.02
Prior: 0.02
Revenue from Operations
₹207.22 Cr
Prior: ₹87.93 Cr
Net Profit / Loss
₹26.03 Cr
Prior: ₹11.01 Cr
Profit Before Tax
₹34.60 Cr
Prior: ₹14.23 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 11 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • BBB 11 bonds · 79%
  • Unrated 3 bonds · 21%
AgencyRatingOutlookBonds
CRISIL BBB Stable 6
CARE BBB+ — 2
CRISIL BBB — 2
CARE BBB+ Stable 1

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE734I07065 Finkurve Financial Services 11.16% Jul 2027 NCD 11.16% BBB (CRISIL) 2027-07-07 — —
INE734I07073 Finkurve Financial Services 11.16% Nov 2027 NCD 11.16% BBB (CRISIL) 2027-11-12 — —
INE734I07040 Finkurve Financial Services 11.15% Nov 2027 NCD 11.15% BBB (CRISIL) 2027-11-25 — —
INE734I07024 Finkurve Financial Services 12.00% Dec 2027 NCD 12.00% BBB (CRISIL) 2027-12-18 — 2026-11-03
IN8734I07015 Finkurve Financial Services 12.00% Dec 2027 NCD 12.00% — 2027-12-18 — —
INE734I07099 Finkurve Financial Services 11.16% Dec 2027 NCD 11.16% BBB (CRISIL) 2027-12-26 — —
INE734I07081 Finkurve Financial Services 12.00% Feb 2028 NCD 12.00% BBB (CRISIL) 2028-02-26 — —
INE734I07115 Finkurve Financial Services 11.33% Jun 2028 NCD 11.33% BBB+ (CARE) 2028-06-16 12.00% 2026-11-06
INE734I07032 Finkurve Financial Services 11.75% Aug 2028 NCD 11.75% BBB (CRISIL) 2028-08-13 — 2026-09-30
INE734I07107 Finkurve Financial Services 11.33% Aug 2028 NCD 11.33% BBB+ (CARE) 2028-08-13 — 2026-07-02
INE734I07057 Finkurve Financial Services 11.25% Nov 2028 NCD 11.25% BBB (CRISIL) 2028-11-25 12.00% 2026-10-22
INE734I07123 Finkurve Financial Services 11.55% Apr 2029 NCD 11.55% BBB+ (CARE) 2029-04-17 — —
IN8734I07023 Finkurve Financial Services 11.55% Apr 2029 NCD 11.55% — 2029-04-17 — —
INE734I07016 Finkurve Financial Services 10.00% Aug 2031 NCD 10.00% — 2031-08-12 — —
Compare (/) Compare Bonds

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)
₹9.38 L
Number of Trades (Last 30 Days)
22
Avg. Yield (Last 30 Days)
12.02%
06 Regulatory Filings
NSE Corporate Announcements
Updates 11 Jul 2026
Updates 8 Jul 2026
Updates 7 Jul 2026
Updates 1 Jul 2026
Updates 30 Jun 2026
Updates 29 Jun 2026
Trading Window 19 Jun 2026
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 11 2026-07-31
Rating Actions History 0 —
Secondary-Market Trades 98 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 Finkurve Financial Services Limited have?

Finkurve Financial Services Limited currently has 14 active bonds with coupons of 10.00% - 12.00%, maturities spanning 2027 - 2031.

What is Finkurve Financial Services Limited's credit rating?

The most common current rating on Finkurve Financial Services Limited's senior bonds is BBB (CRISIL). Ratings on file come from CARE, CRISIL.

Are Finkurve Financial Services Limited's bonds secured?

Of the 14 bonds with a disclosed security status, 14 are secured (100%) and 0 are unsecured.

When do Finkurve Financial Services Limited's bonds mature?

Finkurve Financial Services Limited's active bonds mature between 2027 - 2031; the nearest matures in Jul 2027; the average tenure is 1.7 Yrs.

What is the average coupon on Finkurve Financial Services Limited's bonds?

The average coupon across Finkurve Financial Services Limited's 14 active bonds is 11.39%.

Disclaimer: This page aggregates publicly available data about Finkurve Financial Services 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.