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Greaves Finance Limited — Bonds & A- (India Ratings) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A- (India Ratings)
Most common current rating on senior bonds
9 of 9 rated · India Ratings, 30 Sep 2026
Total Debt Outstanding
₹315 Cr
Across 10 instruments
Active Bonds
10
First Issue
25 Apr 2025
Latest Issue
29 Sep 2026
Maturity Range
2027 - 2028
Observation
10 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings India Ratings A-, ICRA A-
  • Rating range All current ratings are A- (ICRA 28 Feb 2026, India Ratings 30 Sep 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 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 3 of 10 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Greaves 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
25 Apr 2025
Start of this issuer's debt program timeline
  • 10 active bonds tracked from this issuer.
  • 10 of 10 tracked bonds with a stated security status are secured. (based on 10 bonds with a disclosed security status)

Operating in the Financial Services sector, Greaves Finance Limited is classified as an NBFC. Bond coupons here span 10.50% - 11.50%, paid monthly. The maturity ladder spans 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
10
Tracked by RetailBonds
Amount Tracked
₹315 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
10.60%
Range 10.50% - 11.50%
Avg Remaining Tenure
1.4 Yrs
Nearest maturity Apr 2027
Secured
100%
10 of 10 bonds with known status
Callable
0
Of 10 bonds
Avg Spread vs G-Sec
+377 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

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

0 2027: 4 bonds, ₹105 Cr tracked, avg coupon 10.75% 4 bonds 2027 2028: 6 bonds, ₹210 Cr tracked, avg coupon 10.50% 6 bonds 2028

Security Type / Instrument Mix

  • NCD 10 bonds · 100% · ₹315 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹105 Cr issued 2025 2026: ₹210 Cr issued 2026 Cumulative: ₹105 Cr Cumulative: ₹315 Cr

Based on 10 of 10 active bonds with a known issue date and issue size.

03 Credit Profile
  • A 9 bonds · 90%
  • Unrated 1 bond · 10%
AgencyRatingOutlookBonds
India Ratings A- Stable 8
ICRA A- 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
INE1QWF07022 Greaves Finance 11.50% Apr 2027 NCD 11.50% A- (India Ratings) 2027-04-30 10.82% 2026-11-04
INE1QWF07014 Greaves Finance 10.50% Sep 2027 NCD 10.50% A- (India Ratings) 2027-09-29 — —
INE1QWF07030 Greaves Finance 10.50% Oct 2027 NCD 10.50% A- (India Ratings) 2027-10-20 — 2026-09-29
INE1QWF07048 Greaves Finance 10.50% Dec 2027 NCD 10.50% A- (India Ratings) 2027-12-23 — —
INE1QWF07055 Greaves Finance 10.50% Mar 2028 NCD 10.50% A- (ICRA) 2028-03-30 — —
INE1QWF07063 Greaves Finance 10.50% May 2028 NCD 10.50% A- (India Ratings) 2028-05-26 10.25% 2026-11-05
INE1QWF07071 Greaves Finance 10.50% Jun 2028 NCD 10.50% A- (India Ratings) 2028-06-29 — —
INE1QWF07097 Greaves Finance 10.50% Sep 2028 NCD 10.50% A- (India Ratings) 2028-09-20 — —
INE1QWF07089 Greaves Finance 10.50% Sep 2028 NCD 10.50% A- (India Ratings) 2028-09-29 — 2026-07-30
INE1QWF07105 Greaves Finance 10.50% Dec 2028 NCD 10.50% — 2028-12-29 11.01% 2026-11-06
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)
27
Avg. Yield (Last 30 Days)
11.0%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 9 2026-09-30
Rating Actions History 0 —
Secondary-Market Trades 62 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 Greaves Finance Limited have?

Greaves Finance Limited currently has 10 active bonds with coupons of 10.50% - 11.50%, maturities spanning 2027 - 2028.

What is Greaves Finance Limited's credit rating?

The most common current rating on Greaves Finance Limited's senior bonds is A- (India Ratings). Ratings on file come from ICRA, India Ratings.

Are Greaves Finance Limited's bonds secured?

Of the 10 bonds with a disclosed security status, 10 are secured (100%) and 0 are unsecured.

When do Greaves Finance Limited's bonds mature?

Greaves Finance Limited's active bonds mature between 2027 - 2028; the nearest matures in Apr 2027; the average tenure is 1.4 Yrs.

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

The average coupon across Greaves Finance Limited's 10 active bonds is 10.60%.

Disclaimer: This page aggregates publicly available data about Greaves 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.