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Godrej Finance Limited — Bonds & AA+ (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA+ (CRISIL)
Most common current rating on senior bonds
3 of 3 rated · CRISIL, 28 Jun 2026
Total Debt Outstanding
₹2,300 Cr
Across 12 instruments
Active Bonds
12
First Issue
18 Jan 2024
Latest Issue
9 Jul 2026
Maturity Range
2026 - 2036
Observation
12 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.
  • 21 Oct 2026 New rating assigned to AA+ CRISIL
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AA+
  • Rating range All current ratings are AA+ (CRISIL 28 Jun 2026)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 21 Oct 2026
  • Payment record 5 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 1 of 12 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Godrej 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
18 Jan 2024
Start of this issuer's debt program timeline
  • 12 active bonds tracked from this issuer.
  • 10 of 12 tracked bonds with a stated security status are secured. (based on 12 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 21 Oct 2026.

Operating in the Financial Services sector, Godrej Finance Limited is classified as an NBFC. Bond coupons here span 7.39% - 8.75%, paid annually. The maturity ladder spans 2026 - 2036.

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
₹2,300 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 10 of 12 bonds)
Avg Coupon
8.10%
Range 7.39% - 8.75%
Avg Remaining Tenure
2.9 Yrs
Nearest maturity Dec 2026
Secured
83%
10 of 12 bonds with known status
Callable
0
Of 12 bonds
Avg Spread vs G-Sec
+115 bps
Credit premium, from 1 bond with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (4 bonds).

0 2026: 1 bond, ₹200 Cr tracked, avg coupon 8.18% 1 bond 2026 2027: 3 bonds, ₹550 Cr tracked, avg coupon 8.25% 3 bonds 2027 2028: 4 bonds, ₹1,200 Cr tracked, avg coupon 8.04% 4 bonds 2028 2030: 2 bonds, ₹200 Cr tracked, avg coupon 7.55% 2 bonds 2030 2036: 2 bonds, ₹150 Cr tracked, avg coupon 8.50% 2 bonds 2036

Security Type / Instrument Mix

  • NCD 12 bonds · 100% · ₹2,300 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2024: ₹750 Cr issued 2024 2025: ₹1,000 Cr issued 2025 2026: ₹550 Cr issued 2026 Cumulative: ₹750 Cr Cumulative: ₹1,750 Cr Cumulative: ₹2,300 Cr

Based on 10 of 12 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 9 bonds · 75%
  • Unrated 3 bonds · 25%
AgencyRatingOutlookBonds
CRISIL AA+ — 3
CRISIL AA NSDL record — 3
CARE AA+ NSDL record — 2
CRISIL AA+ NSDL record — 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AA on 2026-06-22 CRISIL: AA on 2026-07-14 CRISIL: AA on 2026-10-21
Jun 26 — Oct 26 CRISIL

Recent Rating Actions

21 Oct 2026 · CRISIL
AA+
Initial · Stable
25 Sep 2026 · CRISIL
—
Update
25 Sep 2026 · CRISIL
—
Update
27 Jul 2026 · CRISIL
—
Update
14 Jul 2026 · CRISIL
AA+
Reaffirmed · Stable
22 Jun 2026 · CRISIL
AA+
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE02KN07063 Godrej Finance 8.18% Dec 2026 NCD 8.18% AA+ (CARE, NSDL record 2024) 2026-12-30 — —
INE02KN07022 Godrej Finance 8.75% Jan 2027 NCD 8.75% AA (CRISIL, NSDL record 2023) 2027-01-18 — —
INE02KN07030 Godrej Finance 7.39% Mar 2027 NCD 7.39% AA (CRISIL, NSDL record 2024) 2027-03-15 — —
INE02KN07048 Godrej Finance 8.60% Nov 2027 NCD 8.60% AA (CRISIL, NSDL record 2024) 2027-11-25 — —
INE02KN07071 Godrej Finance 8.35% Mar 2028 NCD 8.35% AA+ (CARE, NSDL record 2025) 2028-03-20 — —
IN802KN07015 Godrej Finance 8.35% Mar 2028 NCD 8.35% — 2028-03-20 — —
INE02KN07113 Godrej Finance 7.94% Jul 2028 NCD 7.94% — 2028-07-05 — —
INE02KN07105 Godrej Finance 7.50% Sep 2028 NCD 7.50% AA+ (CRISIL) 2028-09-29 — 2026-09-22
INE02KN07089 Godrej Finance 7.60% Jun 2030 NCD 7.60% AA+ (CRISIL, NSDL record 2025) 2030-06-05 — —
INE02KN07097 Godrej Finance 7.50% Jul 2030 NCD 7.50% AA+ (CRISIL) 2030-07-29 — —
INE02KN08012 Godrej Finance 8.50% Apr 2036 NCD 8.50% AA+ (CRISIL) 2036-04-28 8.43% 2026-11-06
IN802KN08013 Godrej Finance 8.50% Apr 2036 NCD 8.50% — 2036-04-28 — —
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)
—
Number of Trades (Last 30 Days)
17
Avg. Yield (Last 30 Days)
8.73%
06 Payment Disclosures (SEBI Reg52(4)) 3 disclosed

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 DateBondTypeAmount DueAmount PaidStatusFiling
29 Sep 2026 7.5% SECURED RATED LISTED REDEEMABLE... Interest ₹37,50,00,000.00 ₹37,50,00,000.00 Paid XBRL →
15 Sep 2026 RESET RATE SECURED RATED LISTED... Interest ₹3,73,00,000.00 ₹3,73,00,000.00 Paid XBRL →
29 Jul 2026 7.5% SECURED RATED LISTED REDEEMABLE... Interest ₹4,00,000.00 ₹4,00,000.00 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.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 9 2026-06-28
Rating Actions History 6 2026-10-21
Secondary-Market Trades 61 2026-11-06
Reg52(4) Payment Disclosures 3 2026-09-29

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

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Frequently Asked Questions
How many active bonds does Godrej Finance Limited have?

Godrej Finance Limited currently has 12 active bonds with coupons of 7.39% - 8.75%, maturities spanning 2026 - 2036.

What is Godrej Finance Limited's credit rating?

The most common current rating on Godrej Finance Limited's senior bonds is AA+ (CRISIL). Ratings on file come from CRISIL.

Are Godrej Finance Limited's bonds secured?

Of the 12 bonds with a disclosed security status, 10 are secured (83%) and 2 are unsecured.

When do Godrej Finance Limited's bonds mature?

Godrej Finance Limited's active bonds mature between 2026 - 2036; the nearest matures in Dec 2026; the average tenure is 2.9 Yrs.

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

The average coupon across Godrej Finance Limited's 12 active bonds is 8.10%.

Disclaimer: This page aggregates publicly available data about Godrej 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.