Icl Fincorp Limited

Nbfc

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Methodology v1.0 Download Report (PDF)
Latest Rating
BBB- (ACUITE)
Total Debt Outstanding
₹924 Cr
Across 171 instruments
Listed Bonds
171
First Issue
2021-01-27
Latest Issue
2026-06-30
Maturity Range
2026 - 2032
Observation
171 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
—
Issuer Type
Nbfc
First Tracked Bond
2021-01-27
Start of this issuer's debt program timeline
  • 171 active bonds tracked from this issuer.
  • 171 of 171 tracked bonds with a stated security status are secured. (based on 171 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-06-30.

Icl Fincorp Limited is an NBFC. Coupon rates on outstanding bonds range from 10.00% - 13.66%, paid at maturity. Bonds mature between 2026 - 2032.

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
171
Tracked by RetailBonds
Amount Tracked
₹924 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
12.46%
Range 10.00% - 13.66%
Avg Remaining Tenure
1.7 Yrs
Nearest maturity 2026-08
Secured
100%
171 of 171 bonds with known status
Callable
0
Of 171 bonds
Avg Spread vs G-Sec
+696 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (48 bonds).

0 2026: 27 bonds, ₹132 Cr tracked, avg coupon 12.58% 27 bonds 2026 2027: 48 bonds, ₹232 Cr tracked, avg coupon 12.44% 48 bonds 2027 2028: 47 bonds, ₹173 Cr tracked, avg coupon 12.44% 47 bonds 2028 2029: 27 bonds, ₹188 Cr tracked, avg coupon 12.51% 27 bonds 2029 2030: 13 bonds, ₹106 Cr tracked, avg coupon 12.25% 13 bonds 2030 2031: 7 bonds, ₹71 Cr tracked, avg coupon 11.50% 7 bonds 2031 2032: 2 bonds, ₹23 Cr tracked 2 bonds 2032

Security Type / Instrument Mix

  • NCD 171 bonds · 100% · ₹924 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2021: ₹10 Cr issued 2021 2022: ₹16 Cr issued 2022 2023: ₹189 Cr issued 2023 2024: ₹146 Cr issued 2024 2025: ₹368 Cr issued 2025 2026: ₹196 Cr issued 2026 Cumulative: ₹10 Cr Cumulative: ₹25 Cr Cumulative: ₹214 Cr Cumulative: ₹360 Cr Cumulative: ₹728 Cr Cumulative: ₹924 Cr

Based on 171 of 171 active bonds with a known issue date and issue size.

03 Credit Profile
  • AAA 1 bonds · 1%
  • BBB 104 bonds · 61%
  • Below BBB 33 bonds · 19%
  • Unrated 33 bonds · 19%
AgencyRatingOutlookBonds
CRISIL BBB- — 53
ACUITE BBB- — 30
BRICKWORK BB+ — 18
CRISIL BBB Stable 17
INFOMERICS BB+ — 15
BRICKWORK BBB+ — 4
CRISIL AAA Stable 1

Recent Rating Actions

2026-06-30 · CRISIL
BBB
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE01CY07ON4 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 30/08/2026 13.66% BB+ (BRICKWORK) 2026-08-30 — —
INE01CY076A1 11.75% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME GENERAL DATE OF MATURITY 08/09/2026. 11.75% — 2026-09-08 — —
INE01CY075T3 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III MONTHLY SCHEME SENIOR CITIZEN DATE OF MATURITY 08/09/2026 12.25% — 2026-09-08 — —
INE01CY075S5 12.75% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III CUMULATIVE SCHEME SENIOR CITIZEN DATE OF MATURITY 08/09/2026. 12.75% — 2026-09-08 — —
INE01CY075R7 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES III CUMULATIVE SCHEME GENERAL DATE OF MATURITY 08/09/2026 12.25% — 2026-09-08 — —
INE01CY07OZ8 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 13/09/2026 13.66% BB+ (BRICKWORK) 2026-09-13 — —
INE01CYA7054 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES VI OPTION V DATE OF MATURITY 20/09/2026 — BBB- (CRISIL) 2026-09-20 — —
INE01CYA7013 10.5% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES VI OPTION I DATE OF MATURITY 20/09/2026 10.50% BBB- (CRISIL) 2026-09-20 — —
INE01CY076F0 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III CUMULATIVE SCHEME GENERAL DATE OF MATURITY 20/09/2026. 12.25% — 2026-09-20 — —
INE01CY076C7 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III MONTHLY SCHEME SENIOR CITIZEN DATE OF MATURITY 20/09/2026. 12.25% — 2026-09-20 — —
INE01CY076L8 11.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III MONTHL SCHEME GENERAL DATE OF MATURITY 20/09/2026 11.75% — 2026-09-20 — —
INE01CY076E3 12.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III CUMULATIVE SCHEME SENIOR CITIZEN DATE OF MATURITY 20/09/2026. 12.75% — 2026-09-20 — —
INE01CY07PM3 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 23/09/2026 13.66% BB+ (BRICKWORK) 2026-09-23 — —
INE01CY076Q7 12.25% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III MONTHLY SCHEME SENIOR CITIZEN DATE OF MATURITY 28/09/2026. 12.25% — 2026-09-28 — —
INE01CY076S3 12.75% SECURED UNRATED UNLISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES III CUMULATIVE SCHEME SENIOR CITIZEN DATE OF MATURITY 28/09/2026. 12.75% — 2026-09-28 — —
INE01CY076R5 11.75% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES III MONTHLY SCHEME GENERAL DATE OF MATURITY 28/09/2026. 11.75% — 2026-09-28 — —
INE01CY07PX0 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 08/10/2026. 13.66% BB+ (BRICKWORK) 2026-10-08 — —
INE01CY07QK5 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 02/11/2026 13.66% BB+ (BRICKWORK) 2026-11-02 — —
INE01CY07QX8 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV(CUMULATIVE-GENERAL SENIOR CITIZEN). DATE OF MATURITY 18/11/2026 13.66% BB+ (BRICKWORK) 2026-11-18 — —
INE01CY078O8 11.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 02/12/2026 11.50% BBB- (CRISIL) 2026-12-02 — —
INE01CY078U5 11.75 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION VIII DATE OF MATURITY 02/12/2026 11.75% BBB- (CRISIL) 2026-12-02 — —
INE01CY078S9 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION VI DATE OF MATURITY 02/12/2026 — BBB- (CRISIL) 2026-12-02 — —
INE01CY07RW8 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 09/12/2026 13.66% BB+ (BRICKWORK) 2026-12-09 — —
INE01CY077C5 12.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES ANNUAL SCHEME DATE OF MATURITY 14/12/2026 12.25% BBB- (ACUITE) 2026-12-14 — —
INE01CY077B7 12% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES MONTHLY SCHEMES DATE OF MATURITY 14/12/2026 12.00% BBB- (ACUITE) 2026-12-14 — —
INE01CY077J0 12.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES CUMULATIVE SCHEMES DATE OF MATURITY 14/12/2026 12.50% BBB- (ACUITE) 2026-12-14 — —
INE01CY07SJ3 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 23/12/2026 13.66% BB+ (BRICKWORK) 2026-12-23 — —
INE01CYA7229 10.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES VII OPTION I DATE OF MATURITY 02/01/2027 10.50% BBB- (CRISIL) 2027-01-02 — —
INE01CYA7146 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES VII OPTION V DATE OF MATURITY 02/01/2027 — BBB- (CRISIL) 2027-01-02 — —
INE01CY07SV8 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 06/01/2027 13.66% BB+ (BRICKWORK) 2027-01-06 — —
INE01CY07RJ5 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 26/01/2027 13.66% BB+ (BRICKWORK) 2027-01-26 — —
INE01CY078Z4 11.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES II DATE OF MATURITY 27/01/2027 11.50% BBB- (CRISIL) 2027-01-27 — —
INE01CY079F4 11.75% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES VIII DATE OF MATURITY 27/01/2027. 11.75% BBB- (CRISIL) 2027-01-27 — —
INE01CY079C1 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES VI DATE OF MATURITY 27/01/2027. — BBB- (CRISIL) 2027-01-27 — —
INE01CY07TI3 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 08/02/2027 13.66% BB+ (BRICKWORK) 2027-02-08 — —
INE01CY07TV6 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 23/02/2027. 13.66% BB+ (BRICKWORK) 2027-02-23 — —
INE01CY07UI1 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 08/03/2027 13.66% BBB+ (BRICKWORK) 2027-03-08 — —
INE01CYA7245 10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES VIII OPTION I DATE OF MATURITY 23/03/2027 10.00% BBB- (CRISIL) 2027-03-23 — —
INE01CYA7286 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES VIII OPTION V DATE OF MATURITY 23/03/2027 — BBB- (CRISIL) 2027-03-23 — —
INE01CY07UV4 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 27/03/2027 13.66% BB+ (BRICKWORK) 2027-03-27 — —
INE01CY07VH1 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 13/04/2027 13.66% BB+ (BRICKWORK) 2027-04-13 — —
INE01CY077N2 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION VII DATE OF MATURITY 19/04/2027 — BBB- (ACUITE) 2027-04-19 — —
INE01CY077R3 12% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION III DATE OF MATURITY 19/04/2027 12.00% BBB- (ACUITE) 2027-04-19 — —
INE01CY077M4 12.25% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION IX DATE OF MATURITY 19/04/2027 12.25% BBB- (ACUITE) 2027-04-19 — —
INE01CY07WH9 13.66% SECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV (CUMULATIVE-GENERAL AND SENIOR CITIZEN). DATE OF MATURITY 03/05/2027 13.66% BBB+ (BRICKWORK) 2027-05-03 — —
INE01CY079U3 11.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II DATE OF MATURITY 16/05/2027 11.50% BBB- (CRISIL) 2027-05-16 — —
INE01CY079Q1 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION VI DATE OF MATURITY 16/05/2027 — BBB- (CRISIL) 2027-05-16 — —
INE01CY079P3 11.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION VIII DATE OF MATURITY 16/05/2027 11.75% BBB- (CRISIL) 2027-05-16 — —
INE01CYA7401 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES IX OPTION V DATE OF MATURITY 28/05/2027 — BBB- (ACUITE) 2027-05-28 — —
INE01CYA7369 10% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES IX OPTION I DATE OF MATURITY 28/05/2027 10.00% BBB- (ACUITE) 2027-05-28 — —
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
CRISIL Rating Rationale 2026-06-30
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 138 2026-03-09
Rating Actions History 1 2026-06-30
Secondary-Market Trades 1 2026-06-29
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 Icl Fincorp Limited have?

Icl Fincorp Limited currently has 171 active bonds with coupons 10.00% - 13.66%, maturities spanning 2026 - 2032.

What is Icl Fincorp Limited's credit rating?

The most recent rating on Icl Fincorp Limited's bonds is BBB- (ACUITE), published by ACUITE, BRICKWORK, CRISIL, INFOMERICS.

Are Icl Fincorp Limited's bonds secured?

Of the 171 bonds with a disclosed security status, 171 are secured (100%) and 0 are unsecured.

When do Icl Fincorp Limited's bonds mature?

Icl Fincorp Limited's active bonds mature between 2026 - 2032; the nearest matures in 2026-08; the average tenure is 1.7 Yrs.

What is the average coupon on Icl Fincorp Limited's bonds?

The average coupon across Icl Fincorp Limited's 171 active bonds is 12.46%.

Disclaimer: This page aggregates publicly available data about Icl Fincorp 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.