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Hinduja Leyland Finance Limited — Bonds & AA+ (CARE) Rating on senior bonds

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA+ (CARE)
Most common current rating on senior bonds
27 of 28 rated · CARE, 27 Oct 2026
AT1 / perpetual: AA (CARE)
Total Debt Outstanding
₹5,404 Cr
Across 47 instruments
Active Bonds
47
First Issue
16 Feb 2021
Latest Issue
21 Jul 2026
Maturity Range
2026 - 2039
Observation
47 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CARE AA+, CRISIL AA+, CARE AA
  • Rating range Current ratings on senior bonds range from AA- (CRISIL 30 Apr 2021) to AAA (CRISIL 31 May 2025). All current ratings on AT1 / perpetual bonds are AA (CARE 27 Oct 2026, CRISIL 31 Jan 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 27 Oct 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 9 of 47 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Hinduja Leyland 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
16 Feb 2021
Start of this issuer's debt program timeline
  • 47 active bonds tracked from this issuer.
  • 13 of 47 tracked bonds with a stated security status are secured. (based on 47 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 3 Sep 2026.

Hinduja Leyland Finance Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.89% - 9.75%, paid annually. Maturities on outstanding bonds fall between 2026 - 2039.

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
47
Tracked by RetailBonds
Amount Tracked
₹5,404 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 35 of 47 bonds)
Avg Coupon
9.10%
Range 7.89% - 9.75%
Avg Remaining Tenure
4.9 Yrs
Nearest maturity Dec 2026
Secured
27%
13 of 47 bonds with known status
Callable
0
Of 47 bonds
Avg Spread vs G-Sec
+191 bps
Credit premium, from 9 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2026: 2 bonds, ₹155 Cr tracked, avg coupon 8.80% 2 bonds 2026 2027: 5 bonds, ₹1,050 Cr tracked, avg coupon 8.60% 5 bonds 2027 2028: 3 bonds, ₹150 Cr tracked, avg coupon 8.65% 3 bonds 2028 2029: 3 bonds, ₹650 Cr tracked, avg coupon 9.27% 3 bonds 2029 2030: 6 bonds, ₹500 Cr tracked, avg coupon 8.97% 6 bonds 2030 2031: 6 bonds, ₹275 Cr tracked, avg coupon 9.09% 6 bonds 2031 2032: 2 bonds, ₹200 Cr tracked, avg coupon 9.20% 2 bonds 2032 2033: 3 bonds, ₹540 Cr tracked, avg coupon 9.47% 3 bonds 2033 2035: 5 bonds, ₹809 Cr tracked, avg coupon 9.10% 5 bonds 2035 2036: 2 bonds, ₹25 Cr tracked, avg coupon 9.05% 2 bonds 2036 2039: 3 bonds, ₹605 Cr tracked, avg coupon 9.55% 3 bonds 2039 2042+: 7 bonds, ₹445 Cr tracked, avg coupon 9.43% 7 bonds 2042+

Security Type / Instrument Mix

  • NCD 47 bonds · 100% · ₹5,404 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2021: ₹100 Cr issued 2021 2023: ₹795 Cr issued 2023 2024: ₹1,980 Cr issued 2024 2025: ₹2,234 Cr issued 2025 2026: ₹295 Cr issued 2026 Cumulative: ₹100 Cr Cumulative: ₹895 Cr Cumulative: ₹2,875 Cr Cumulative: ₹5,109 Cr Cumulative: ₹5,404 Cr

Based on 35 of 47 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 1 bond · 2%
  • AA 33 bonds · 70%
  • Unrated 13 bonds · 28%
AgencyRatingOutlookBonds
CARE AA+ Stable 21
CRISIL AA+ Stable 9
CRISIL AA+ — 6
CARE AA Stable 5
CRISIL AA Stable 3
CRISIL AA — 2
CRISIL AAA Stable 2
CRISIL AA- Stable 1
CRISIL AA+ NSDL record — 1

Recent Rating Actions

3 Sep 2026 · CRISIL
—
Update
26 Jun 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE146O07490 Hinduja Leyland Finance 8.80% Dec 2026 NCD 8.80% AA+ (CARE) 2026-12-18 9.45% 2026-10-27
IN8146O07028 Hinduja Leyland Finance 8.80% Dec 2026 NCD 8.80% — 2026-12-18 — —
INE146O08217 Hinduja Leyland Finance 9.70% Jan 2027 NCD 9.70% AA+ (CARE) 2027-01-19 — —
INE146O07557 Hinduja Leyland Finance 8.40% May 2027 NCD 8.40% AAA (CRISIL) 2027-05-06 8.25% 2026-10-22
INE146O07565 Hinduja Leyland Finance 8.00% Jun 2027 NCD 8.00% AA+ (CRISIL) 2027-06-30 — 2026-07-09
INE146O07581 Hinduja Leyland Finance 7.89% Aug 2027 NCD 7.89% AA+ (CRISIL) 2027-08-27 — —
INE146O07508 Hinduja Leyland Finance 9.00% Nov 2027 NCD 9.00% AA+ (CRISIL) 2027-11-14 — —
INE146O08209 Hinduja Leyland Finance 9.75% Apr 2028 NCD 9.75% AA+ (CARE) 2028-04-21 — 2026-09-30
INE146O08357 Hinduja Leyland Finance 8.20% Jun 2028 NCD 8.20% AA+ (CRISIL) 2028-06-19 — —
INE146O07573 Hinduja Leyland Finance 8.00% Aug 2028 NCD 8.00% AA+ (CRISIL) 2028-08-25 — —
INE146O08266 Hinduja Leyland Finance 9.50% Nov 2029 NCD 9.50% AA+ (CARE) 2029-11-29 8.95% 2026-11-04
IN8146O08042 Hinduja Leyland Finance 9.50% Nov 2029 NCD 9.50% — 2029-11-29 — —
INE146O07516 Hinduja Leyland Finance 8.80% Dec 2029 NCD 8.80% AA+ (CARE) 2029-12-17 — 2026-06-25
INE146O07532 Hinduja Leyland Finance 8.80% Apr 2030 NCD 8.80% AA+ (CRISIL) 2030-04-11 — —
INE146O07540 Hinduja Leyland Finance 8.50% May 2030 NCD 8.50% AA+ (CARE) 2030-05-06 — 2026-09-29
IN8146O07036 Hinduja Leyland Finance 8.50% May 2030 NCD 8.50% — 2030-05-06 — —
INE146O08324 Hinduja Leyland Finance 9.25% Oct 2030 NCD 9.25% AA+ (CARE) 2030-10-03 9.30% 2026-10-26
IN8146O08075 Hinduja Leyland Finance 9.25% Oct 2030 NCD 9.25% — 2030-10-03 — —
INE146O08282 Hinduja Leyland Finance 9.50% Oct 2030 NCD 9.50% AA+ (CARE) 2030-10-30 9.11% 2026-11-06
INE146O07599 Hinduja Leyland Finance 8.12% Jan 2031 NCD 8.12% AA+ (CRISIL) 2031-01-14 — —
INE146O08241 Hinduja Leyland Finance 9.40% Jan 2031 NCD 9.40% AA+ (CARE) 2031-01-30 9.10% 2026-10-23
IN8146O08034 Hinduja Leyland Finance 9.40% Jan 2031 NCD 9.40% — 2031-01-30 — —
INE146O08373 Hinduja Leyland Finance 9.10% Apr 2031 NCD 9.10% AA+ (CARE) 2031-04-11 8.49% 2026-11-06
INE146O08399 Hinduja Leyland Finance 9.25% Jul 2031 NCD 9.25% AA+ (CRISIL) 2031-07-09 9.00% 2026-11-06
IN8146O08109 Hinduja Leyland Finance 9.25% Jul 2031 NCD 9.25% — 2031-07-09 — —
INE146O08381 Hinduja Leyland Finance 9.10% Sep 2032 NCD 9.10% AA+ (CRISIL) 2032-09-30 — 2026-09-07
INE146O08415 Hinduja Leyland Finance 9.30% Dec 2032 NCD 9.30% AA+ (CRISIL) 2032-12-14 9.44% 2026-11-06
INE146O08225 Hinduja Leyland Finance 9.50% Jun 2033 NCD 9.50% AA+ (CARE) 2033-06-22 — —
INE146O08233 Hinduja Leyland Finance 9.45% Aug 2033 NCD 9.45% AA+ (CARE) 2033-08-23 — —
IN8146O08026 Hinduja Leyland Finance 9.45% Aug 2033 NCD 9.45% — 2033-08-23 — —
INE146O08308 Hinduja Leyland Finance 9.30% Feb 2035 NCD 9.30% AA+ (CARE) 2035-02-06 — 2026-07-20
IN8146O08067 Hinduja Leyland Finance 9.30% Feb 2035 NCD 9.30% — 2035-02-06 — —
INE146O07524 Hinduja Leyland Finance 8.90% Mar 2035 NCD 8.90% AA+ (CRISIL, NSDL record 2025) 2035-03-18 — —
INE146O08340 Hinduja Leyland Finance 9.00% Jun 2035 NCD 9.00% AA+ (CARE) 2035-06-04 — 2026-07-09
IN8146O08083 Hinduja Leyland Finance 9.00% Jun 2035 NCD 9.00% — 2035-06-04 — —
IN8146O08125 Hinduja Leyland Finance 9.05% Jul 2036 NCD 9.05% — 2036-07-21 — —
INE146O08423 Hinduja Leyland Finance 9.05% Jul 2036 NCD 9.05% AA+ (CRISIL) 2036-07-21 — —
INE146O08258 Hinduja Leyland Finance 9.65% May 2039 NCD 9.65% AA+ (CARE) 2039-05-29 — —
INE146O08274 Hinduja Leyland Finance 9.50% Jul 2039 NCD 9.50% AA+ (CARE) 2039-07-10 — —
IN8146O08059 Hinduja Leyland Finance 9.50% Jul 2039 NCD 9.50% — 2039-07-10 — —
INE146O08290 Hinduja Leyland Finance 9.50% Perpetual NCD 9.50% AA (CARE) Perpetual — —
INE146O08407 Hinduja Leyland Finance 9.60% Perpetual NCD 9.60% AA (CRISIL) Perpetual — —
INE146O08316 Hinduja Leyland Finance 9.50% Perpetual NCD 9.50% AA (CARE) Perpetual — —
INE146O08332 Hinduja Leyland Finance 9.50% Perpetual NCD 9.50% AA (CARE) Perpetual — —
INE146O08365 Hinduja Leyland Finance 9.15% Perpetual NCD 9.15% AA (CARE) Perpetual — —
IN8146O08091 Hinduja Leyland Finance 9.15% Perpetual NCD 9.15% — Perpetual — —
IN8146O08117 Hinduja Leyland Finance 9.60% Perpetual NCD 9.60% — Perpetual — —
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)
73
Avg. Yield (Last 30 Days)
9.11%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 50 2026-10-27
Rating Actions History 2 2026-09-03
Secondary-Market Trades 344 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 Hinduja Leyland Finance Limited have?

Hinduja Leyland Finance Limited currently has 47 active bonds with coupons of 7.89% - 9.75%, maturities spanning 2026 - 2039.

What is Hinduja Leyland Finance Limited's credit rating?

The most common current rating on Hinduja Leyland Finance Limited's senior bonds is AA+ (CARE). Ratings on file come from CARE, CRISIL. Other instrument classes: AT1 / perpetual: AA (CARE).

Are Hinduja Leyland Finance Limited's bonds secured?

Of the 47 bonds with a disclosed security status, 13 are secured (27%) and 34 are unsecured.

When do Hinduja Leyland Finance Limited's bonds mature?

Hinduja Leyland Finance Limited's active bonds mature between 2026 - 2039; the nearest matures in Dec 2026; the average tenure is 4.9 Yrs.

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

The average coupon across Hinduja Leyland Finance Limited's 47 active bonds is 9.10%.

Disclaimer: This page aggregates publicly available data about Hinduja Leyland 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.