L&t Finance Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)

Latest Rating

AA (ICRA)

Total Debt Outstanding

₹19,836 Cr

Across 56 instruments

Listed Bonds

First Issue

2011-10-18

Latest Issue

2026-07-01

Maturity Range

2026 - 2036

Observation

56 active bonds tracked from this issuer.

View details →

Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

01 Issuer Overview

Sector

Financial Services

Issuer Type

Nbfc

First Tracked Bond

2011-10-18

Start of this issuer's debt program timeline

56 active bonds tracked from this issuer.
51 of 56 tracked bonds with a stated security status are secured. (based on 56 bonds with a disclosed security status)
Most recent rating action: initial by CRISIL on 2026-08-25.

Operating in the financial services sector, L&t Finance Limited is classified as an NBFC. Bond coupons here span 7.08% - 9.70%, paid annual. 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

Tracked by RetailBonds

Amount Tracked

₹19,836 Cr

Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 47 of 56 bonds)

Avg Coupon

8.13%

Range 7.08% - 9.70%

Avg Remaining Tenure

2.9 Yrs

Nearest maturity 2026-09

Secured

91%

51 of 56 bonds with known status

Callable

Of 56 bonds

Avg Spread vs G-Sec

+224 bps

Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (15 bonds).

Security Type / Instrument Mix

NCD 56 bonds · 100% · ₹19,836 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)

Based on 47 of 56 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

Q1 FY26

Debt / Equity

0.04

Total Financial Indebtedness

₹0.00 Cr

Unlisted Debt Securities Outstanding

₹0.00 Cr

Defaults on Unlisted Debt Securities

₹0.00 Cr

Revenue from Operations

₹5,212.84 Cr

Net Profit / Loss

₹895.32 Cr

Profit Before Tax

₹1,213.17 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 10 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile

AAA 42 bonds · 75%
AA 5 bonds · 9%
Unrated 9 bonds · 16%

Agency	Rating	Outlook	Bonds
CRISIL	AAA	—	24
ICRA	AAA	—	17
INDIA_RATINGS	AAA	—	12
CARE	AAA	—	10
CARE	AA+	—	2
ICRA	AA+	—	2
INDIA_RATINGS	AA+	—	2
ICRA	AA	—	1

Recent Rating Actions

2026-08-25 · CRISIL

AAA

Initial · Stable

04 Outstanding Bonds View all bonds →

ISIN	Bond Name	Coupon	Rating	Maturity	YTM	Last Trade
INE027E07CP8	7.91% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES B DATE OF MATURITY 25/09/2026	7.91%	AAA (CRISIL)	2026-09-25	—	—
INE476M07AS8	7.90% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES S OF FY 2016-17. DATE OF MATURITY 23/10/2026	7.90%	AA+ (CARE)	2026-10-23	—	—
INE027E07BB0	8.50% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES VI ? OPTION 11. DATE OF MATURITY 23/12/2026.	8.50%	AAA (CRISIL)	2026-12-23	24.03%	2026-08-03
INE027E07BC8	8.65% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES VI ? OPTION 12. DATE OF MATURITY 23/12/2026.	8.65%	AAA (CRISIL)	2026-12-23	—	2026-08-26
INE498L07012	8.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES F DATE OF MATURITY 04/01/2027	8.15%	AAA (CRISIL)	2027-01-04	—	—
IN8498L07011	8.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES F DATE OF MATURITY 04/01/2027	8.15%	—	2027-01-04	—	—
INE498L07053	7.9918% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES D DATE OF MATURITY 25/03/2027.	7.99%	AAA (ICRA)	2027-03-25	—	—
INE027E07AK3	8.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION I. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027	8.85%	AAA (INDIA_RATINGS)	2027-04-15	—	—
INE027E07AL1	9.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027	9.05%	AA (ICRA)	2027-04-15	1.35%	2026-08-24
INE027E07AM9	8.52% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VII ? OPTION I. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027	8.52%	AAA (ICRA)	2027-04-15	—	—
INE027E07AN7	8.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VII ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027	8.70%	AAA (ICRA)	2027-04-15	3.97%	2026-08-24
INE498L07038	8.24% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES J DATE OF MATURITY 16/06/2027.	8.24%	AAA (ICRA)	2027-06-16	—	—
IN8498L07037	8.24% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES J DATE OF MATURITY 16/06/2027	8.24%	—	2027-06-16	—	—
INE498L07137	7.2092% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES B OPTION 1 DATE OF MATURITY 29/06/2027	7.21%	AAA (ICRA)	2027-06-29	7.60%	2026-07-31
IN8498L07078	7.2092% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES B OPTION 1 DATE OF MATURITY 29/06/2027	7.21%	—	2027-06-29	—	—
INE498L07160	7.12% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES F DATE OF MATURITY 15/07/2027	7.12%	AAA (CRISIL)	2027-07-15	—	—
INE498L07046	8.1629% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES C DATE OF MATURITY 30/09/2027.	8.16%	AAA (CRISIL)	2027-09-30	—	—
IN8498L07045	8.1629% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES C DATE OF MATURITY 30/09/2027.	8.16%	—	2027-09-30	—	—
INE498L07103	7.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES G DATE OF MATURITY 13/12/2027	7.75%	AAA (ICRA)	2027-12-13	—	—
INE027E07CL7	8.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES R DATE OF MATURITY 01/03/2028	8.15%	AAA (CARE)	2028-03-01	7.87%	2026-08-17
IN8027E07096	8.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES R DATE OF MATURITY 01/03/2028	8.15%	—	2028-03-01	—	—
INE498L07186	7.0826 % SECURED RATED LISTED NON-CONVERTIBLE DEBENTURES SERIES H DATE OF MATURITY 15/03/2028	7.08%	AAA (CRISIL)	2028-03-15	—	—
INE027E07CN3	7.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES A OPTION I DATE OF MATURITY 26/05/2028	7.90%	AAA (CRISIL)	2028-05-26	—	—
INE498L07145	7.23% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES C OPTION 2 DATE OF MATURITY 12/06/2028	7.23%	AAA (CRISIL)	2028-06-12	—	—
INE498L07129	7.5934% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES A OPTION 2 DATE OF MATURITY 29/06/2028	7.59%	AAA (ICRA)	2028-06-29	—	—
IN8498L07060	7.5934% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES A OPTION 2 DATE OF MATURITY 29/06/2028	7.59%	—	2028-06-29	—	—
INE498L07152	SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES E DATE OF MATURITY 21/09/2028	—	AAA (CRISIL)	2028-09-21	8.26%	2026-08-17
INE498L07178	7.1242% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES G DATE OF MATURITY 25/09/2028	7.12%	AAA (ICRA)	2028-09-25	—	—
INE691I07240	9.70% Secured Non-Convertible Debenture. Series- A FY 2011-12. Date of Maturity 18/10/2028	9.70%	AA+ (CARE)	2028-10-18	—	—
INE498L07194	7.2190% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I DATE OF MATURITY 10/11/2028	7.22%	AAA (CRISIL)	2028-11-10	—	—
INE027E07998	8.98% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 13/03/2029	8.98%	AAA (ICRA)	2029-03-13	5.46%	2026-08-26
INE027E07972	9.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES V ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 13/03/2029	9.35%	AAA (ICRA)	2029-03-13	3.93%	2026-08-26
INE027E07964	9.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES V OPTION I. LETTER OF ALLOTMENT. DATE OF MATURITY 13/03/2029	9.20%	AAA (ICRA)	2029-03-13	—	—
INE027E07980	8.84% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION I. LETTER OF ALLOTMENT. DATE OF MATURITY ? 13/03/2029	8.84%	AAA (ICRA)	2029-03-13	—	—
INE498L07020	8.13% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTRUE SERIES H DATE OF MATURITY 23/03/2029	8.13%	AAA (CRISIL)	2029-03-23	—	—
IN8498L07029	8.13% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTRUE SERIES H DATE OF MATURITY 23/03/2029	8.13%	—	2029-03-23	—	—
INE498L07210	8.12% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES B (FY 2026-27) DATE OF MATURITY 29/06/2029	8.12%	AAA (CRISIL)	2029-06-29	8.03%	2026-08-21
INE027E08087	8.90% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE SUBORDINATED TIER II DEBENTURES. SERIES D OF FY 2019-20. DATE OF MATURITY 13/09/2029	8.90%	AAA (INDIA_RATINGS)	2029-09-13	—	—
INE498L07087	7.798% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE. SERIES F DATE OF MATURITY 28/12/2029.	7.80%	AAA (ICRA)	2029-12-28	—	—
INE498L07111	7.7989% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES H DATE OF MATURITY 29/03/2030	7.80%	AAA (ICRA)	2030-03-29	—	—
IN8498L07052	7.7989% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES H DATE OF MATURITY 29/03/2030	7.80%	—	2030-03-29	—	—
INE235P07142	8.63% SECURED REDEEMABEL NON CONVERTIBLE BONDS. SERIES D OF FY 2015-16 OPTION 4. DATE OF MATURITY 07/01/2031	8.63%	AAA (CRISIL)	2031-01-07	—	—
INE235P07191	8.73% SECURED REDEEMABEL NON CONVERTIBLE BONDS. SERIES E OF FY 2015-16 OPTION 4. DATE OF MATURITY 24/02/2031	8.73%	AAA (CRISIL)	2031-02-24	—	—
INE027E07BO3	7.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES ?B? OF FY 2021-22. DATE OF MATURITY 19/05/2031	7.40%	AAA (CRISIL)	2031-05-19	—	—
INE498L07202	7.7942% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES A FY 2026-27 DATE OF MATURITY 27/06/2031	7.79%	AAA (CRISIL)	2031-06-27	7.90%	2026-08-26
INE691I08479	8.55% UNSECURED REDEEMABLE NON-CONVERTIBLE SUBORDINATE BONDS ELIGIBLE FOR TIER II CAPITAL. SERIES P OF FY 2016_17. DATE OF MATURITY 05/09/2031	8.55%	AA+ (ICRA)	2031-09-05	—	—
INE027E07CK9	8.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERES Q DATE OF MATURITY 14/02/2033	8.05%	AAA (INDIA_RATINGS)	2033-02-14	—	—
INE027E07CO1	7.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES A OPTION 2 DATE OF MATURITY 26/05/2033	7.85%	AAA (CRISIL)	2033-05-26	—	—
IN8027E07104	7.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES A OPTION 2 DATE OF MATURITY 26/05/2033	7.85%	—	2033-05-26	—	—
INE027E07CQ6	7.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES D DATE OF MATURITY 13/09/2033	7.90%	AAA (CRISIL)	2033-09-13	—	—

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

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)

₹0.0 Cr

Number of Trades (Last 30 Days)

124

Avg. Yield (Last 30 Days)

6.66%

06 Payment Disclosures (SEBI Reg52(4)) 4 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 Date	Bond	Type	Amount Due	Amount Paid	Status	Filing
2026-08-15	8.52% SECURED RATED LISTED...	Interest	—	—	Pending	XBRL →
2026-08-15	8.70% SECURED RATED LISTED...	Interest	₹1,300,000.00	₹1,300,000.00	Paid	XBRL →
2026-08-13	8.98% SECURED RATED LISTED...	Interest	₹7,800,000.00	₹7,800,000.00	Paid	XBRL →
2026-08-13	8.84% SECURED RATED LISTED...	Interest	₹100,000.00	₹100,000.00	Paid	XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings

NSE Corporate Announcements

Analysts/Institutional Investor Meet/Con. Call Updates 2026-07-20

Credit Rating- Revision 2026-07-14

General Updates 2026-07-14

Analysts/Institutional Investor Meet/Con. Call Updates 2026-07-13

Appointment 2026-07-10

General Updates 2026-07-10

Investor Presentation 2026-07-10

Outcome of Board Meeting 2026-07-10

Press Release 2026-07-10

Allotment of Securities 2026-07-07

Credit Rating Rationale

CRISIL Rating Rationale 2026-08-25

08 Methodology & Data Coverage

Dataset	Count	Freshness
Credit Ratings (current)	70	2026-06-28
Rating Actions History	1	2026-08-25
Secondary-Market Trades	233	2026-08-26
Reg52(4) Payment Disclosures	4	2026-08-15

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

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Frequently Asked Questions

How many active bonds does L&t Finance Limited have?

L&t Finance Limited currently has 56 active bonds with coupons 7.08% - 9.70%, maturities spanning 2026 - 2036.

What is L&t Finance Limited's credit rating?

The most recent rating on L&t Finance Limited's bonds is AA (ICRA), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

Are L&t Finance Limited's bonds secured?

Of the 56 bonds with a disclosed security status, 51 are secured (91%) and 5 are unsecured.

When do L&t Finance Limited's bonds mature?

L&t Finance Limited's active bonds mature between 2026 - 2036; the nearest matures in 2026-09; the average tenure is 2.9 Yrs.

What is the average coupon on L&t Finance Limited's bonds?

The average coupon across L&t Finance Limited's 56 active bonds is 8.13%.

Disclaimer: This page aggregates publicly available data about L&t 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.