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IFCI Limited — Bonds & B+ (Brickwork) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
B+ (Brickwork)
Most common current rating on senior bonds
30 of 32 rated · Brickwork, 4 Nov 2026
Total Debt Outstanding
₹3,607 Cr
Across 32 instruments
Active Bonds
32
First Issue
5 May 2010
Latest Issue
31 Mar 2014
Maturity Range
2026 - 2040
Observation
32 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.
  • 5 Nov 2026 Credit rating disclosure Credit Rating
  • 5 Nov 2026 Interest payment notice Confirmation of Payment of Annual Interest
  • 31 Oct 2026 Redemption notice Confirmation of Payment & Redemption
  • 9 Oct 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
  • 5 Oct 2026 Record date The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of…
Issuer health card 2 items to look at
  • Current ratings Brickwork B+, CARE BB, ICRA B+
  • Rating range Current ratings range from B+ (Brickwork 4 Nov 2026, ICRA 14 Sep 2026) to AA- (Brickwork 31 Jul 2013)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook 1 negative outlook
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 4 Nov 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 8 of 32 active bonds had an exchange trade
  • Exchange filings, 90 days 34 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 IFCI 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
5 May 2010
Start of this issuer's debt program timeline
  • 32 active bonds tracked from this issuer.
  • 1 of 30 tracked bonds with a stated security status are secured. (based on 30 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by BRICKWORK on 4 Nov 2026.

IFCI Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 8.72% - 10.70%, paid annually. Maturities on outstanding bonds fall between 2026 - 2040.

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
32
Tracked by RetailBonds
Amount Tracked
₹3,607 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 30 of 32 bonds)
Avg Coupon
9.64%
Range 8.72% - 10.70%
Avg Remaining Tenure
5.3 Yrs
Nearest maturity Dec 2026
Secured
3%
1 of 30 bonds with known status
Callable
0
Of 32 bonds
Avg Spread vs G-Sec
+347 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 (8 bonds).

0 2026: 2 bonds, ₹5 Cr tracked, avg coupon 8.75% 2 2026 2027: 8 bonds, ₹314 Cr tracked, avg coupon 9.69% 8 2027 2028: 1 bond, ₹350 Cr tracked, avg coupon 9.75% 1 2028 2029: 1 bond, ₹145 Cr tracked, avg coupon 8.76% 1 2029 2030: 5 bonds, ₹1,496 Cr tracked, avg coupon 9.78% 5 2030 2031: 1 bond, ₹104 Cr tracked 1 2031 2032: 2 bonds, ₹210 Cr tracked, avg coupon 9.90% 2 2032 2033: 1 bond, ₹104 Cr tracked 1 2033 2034: 1 bond, ₹104 Cr tracked 1 2034 2035: 1 bond, ₹104 Cr tracked 1 2035 2036: 1 bond, ₹104 Cr tracked 1 2036 2037: 5 bonds, ₹258 Cr tracked, avg coupon 9.96% 5 2037 2038: 1 bond, ₹104 Cr tracked 1 2038 2039: 1 bond, ₹104 Cr tracked 1 2039 2040: 1 bond, ₹104 Cr tracked 1 2040

Security Type / Instrument Mix

  • PSU Bond 18 bonds · 56% · ₹1,676 Cr tracked
  • NCD 14 bonds · 44% · ₹1,931 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2010: ₹2,532 Cr issued 2010 2011: ₹5 Cr issued 2011 2012: ₹575 Cr issued 2012 2013: ₹350 Cr issued 2013 2014: ₹145 Cr issued 2014 Cumulative: ₹2,532 Cr Cumulative: ₹2,537 Cr Cumulative: ₹3,112 Cr Cumulative: ₹3,462 Cr Cumulative: ₹3,607 Cr

Based on 30 of 32 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 2 bonds · 6%
  • Below BBB 30 bonds · 94%
AgencyRatingOutlookBonds
Brickwork B+ — 30
CARE BB — 14
ICRA B+ — 8
Brickwork AA- — 2

Rating History (Trend)

AAA AA A BBB Below BBB Unrated ICRA: Below BBB on 2026-09-14 BRICKWORK: Below BBB on 2026-11-04
Sep 26 — Nov 26 ICRA Brickwork

Recent Rating Actions

4 Nov 2026 · Brickwork
B+
Reaffirmed · Negative
14 Sep 2026 · ICRA
B+
Reaffirmed
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE039A09NZ3 IFCI 8.75% Dec 2026 Bond 8.75% B+ (ICRA) 2026-12-12 — —
INE039A09OA4 IFCI 8.75% Dec 2026 NCD 8.75% B+ (ICRA) 2026-12-12 — —
INE039A09OG1 IFCI 9.16% Feb 2027 Bond 9.16% B+ (ICRA) 2027-02-15 — —
INE039A09OH9 IFCI 9.16% Feb 2027 Bond 9.16% B+ (ICRA) 2027-02-15 — —
INE039A09OM9 IFCI 10.70% Feb 2027 Bond 10.70% B+ (ICRA) 2027-02-28 — —
INE039A09OW8 IFCI 8.72% Mar 2027 Bond 8.72% B+ (ICRA) 2027-03-31 — —
INE039A09OX6 IFCI Mar 2027 Bond — B+ (ICRA) 2027-03-31 — —
INE039A09PI4 IFCI 10.12% Oct 2027 Bond 10.12% B+ (Brickwork) 2027-10-08 — —
INE039A09PJ2 IFCI 10.10% Oct 2027 Bond 10.10% B+ (Brickwork) 2027-10-08 — —
INE039A09PN4 IFCI 9.90% Nov 2027 Bond 9.90% B+ (Brickwork) 2027-11-05 10.39% 2026-11-05
INE039A09PR5 IFCI 9.75% Apr 2028 Bond 9.75% B+ (Brickwork) 2028-04-26 — —
INE039A09PU9 IFCI 8.76% Mar 2029 NCD Tax-free 8.76% B+ (ICRA) 2029-03-31 6.37% 2026-10-21
INE039A09LL7 IFCI 9.70% May 2030 Bond 9.70% B+ (Brickwork) 2030-05-04 — 2026-07-29
INE039A09LM5 IFCI 9.70% May 2030 Bond 9.70% B+ (Brickwork) 2030-05-18 — 2026-08-12
INE039A09MC4 IFCI 9.75% Jul 2030 NCD 9.75% B+ (Brickwork) 2030-07-13 — 2026-09-16
INE039A09MD2 IFCI 9.75% Jul 2030 NCD 9.75% B+ (Brickwork) 2030-07-16 — 2026-09-03
INE039A09MN1 IFCI 9.98% Oct 2030 Bond 9.98% B+ (Brickwork) 2030-10-29 — 2026-09-30
INE039A09MB6 IFCI Jul 2031 NCD — B+ (Brickwork) 2031-07-07 — 2026-10-07
INE039A09MA8 IFCI Jul 2032 NCD — B+ (Brickwork) 2032-07-07 — —
INE039A09PO2 IFCI 9.90% Nov 2032 Bond 9.90% B+ (Brickwork) 2032-11-05 — —
INE039A09LZ7 IFCI Jul 2033 NCD — B+ (Brickwork) 2033-07-07 — —
INE039A09LY0 IFCI Jul 2034 NCD — B+ (Brickwork) 2034-07-07 — —
INE039A09LX2 IFCI Jul 2035 NCD — B+ (Brickwork) 2035-07-07 — —
INE039A09LW4 IFCI Jul 2036 NCD — B+ (Brickwork) 2036-07-07 — —
INE039A09LV6 IFCI Jul 2037 NCD — B+ (Brickwork) 2037-07-07 — 2026-07-23
INE039A09PD5 IFCI 9.98% Sep 2037 Bond 9.98% B+ (Brickwork) 2037-09-18 — 2026-08-20
INE039A09PH6 IFCI 9.98% Oct 2037 Bond 9.98% AA- (Brickwork) 2037-10-05 — —
INE039A09PL8 IFCI 9.98% Oct 2037 Bond 9.98% AA- (Brickwork) 2037-10-15 — —
INE039A09PP9 IFCI 9.90% Nov 2037 Bond 9.90% B+ (Brickwork) 2037-11-05 — 2026-08-11
INE039A09LU8 IFCI Jul 2038 NCD — B+ (Brickwork) 2038-07-07 — —
INE039A09LT0 IFCI Jul 2039 NCD — B+ (Brickwork) 2039-07-07 — —
INE039A09LS2 IFCI Jul 2040 NCD — B+ (Brickwork) 2040-07-07 — —
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)
₹45.93 L
Number of Trades (Last 30 Days)
9
Avg. Yield (Last 30 Days)
8.38%
06 Regulatory Filings
BSE Corporate Announcements
Credit Rating 5 Nov 2026
Newspaper Publication - Special Window for transfer and dematerialization of physical securities 14 Oct 2026
Half-Yearly Report - September 2026 12 Oct 2026
The company has fixed Regulation 60(2) Record Date Interest Payment / Redemption / Dividend for the purpose of 9 Oct 2026
Payment Confirmation 8 Oct 2026
NSE Corporate Announcements
Trading Window 29 Jun 2026
Price movement 17 Jun 2026
Price movement 16 Jun 2026
Cessation 10 May 2026
Appointment 6 Apr 2026
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 54 2026-11-04
Rating Actions History 2 2026-11-04
Secondary-Market Trades 78 2026-11-05
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 IFCI Limited have?

IFCI Limited currently has 32 active bonds with coupons of 8.72% - 10.70%, maturities spanning 2026 - 2040.

What is IFCI Limited's credit rating?

The most common current rating on IFCI Limited's senior bonds is B+ (Brickwork). Ratings on file come from Brickwork, CARE, ICRA.

Are IFCI Limited's bonds secured?

Of the 30 bonds with a disclosed security status, 1 is secured (3%) and 29 are unsecured.

When do IFCI Limited's bonds mature?

IFCI Limited's active bonds mature between 2026 - 2040; the nearest matures in Dec 2026; the average tenure is 5.3 Yrs.

What is the average coupon on IFCI Limited's bonds?

The average coupon across IFCI Limited's 32 active bonds is 9.64%.

Disclaimer: This page aggregates publicly available data about IFCI 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.