Magma General Insurance Limited — Bonds & AA (CARE) Rating
Corporate · Financial Services
Verify this issuer →Latest events
Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.- 27 Aug 2026 Placed on rating watch CRISIL
- Current ratings CARE AA
- Rating range All current ratings are AA (CARE 30 Jun 2026)
- Rating direction, 12 months 0 upgrades, 0 downgrades
- Watch / negative outlook 1 watch placement
- 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- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 Jun 2026
- Payment record No payment disclosures since 17 Jul 2026
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 1 of 5 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.
- 5 active bonds tracked from this issuer.
- 0 of 5 tracked bonds with a stated security status are secured. (based on 5 bonds with a disclosed security status)
- Most recent rating action: watch by CRISIL on 27 Aug 2026.
Operating in the Financial Services sector, Magma General Insurance Limited is classified as a corporate issuer. Bond coupons here span 8.75% - 9.75%, paid annually. The maturity ladder spans 2032 - 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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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (2 bonds).
Security Type / Instrument Mix
- NCD 5 bonds · 100% · ₹575 Cr tracked
Funding Evolution
Based on 5 of 5 active bonds with a known issue date and issue size.
- AA 5 bonds · 100%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CARE | AA | — | 2 |
| CARE | AA | — | 2 |
| CARE | AA- | — | 1 |
Recent Rating Actions
| ISIN | Bond Name | Coupon | Rating | Maturity | YTM | Last Trade | Details |
|---|---|---|---|---|---|---|---|
| INE312X08018 | Magma General Insurance 8.75% Mar 2032 NCD | 8.75% | AA- (CARE, NSDL record 2022) | 2032-03-30 | — | — | |
| INE312X08026 | Magma General Insurance 9.70% Dec 2033 NCD | 9.70% | AA (CARE) | 2033-12-28 | 8.94% | 2026-10-30 | |
| INE312X08034 | Magma General Insurance 9.70% Mar 2034 NCD | 9.70% | AA (CARE, NSDL record 2024) | 2034-03-20 | — | 2026-08-04 | |
| INE312X08042 | Magma General Insurance 9.75% Mar 2034 NCD | 9.75% | AA (CARE, NSDL record 2024) | 2034-03-20 | — | — | |
| INE312X08059 | Magma General Insurance 9.50% Jun 2036 NCD | 9.50% | AA (CARE) | 2036-06-03 | — | — |
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.
Last 30 days, across all outstanding bonds from this issuer.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 5 | 2026-06-30 |
| Rating Actions History | 1 | 2026-08-27 |
| Secondary-Market Trades | 40 | 2026-10-30 |
| Reg52(4) Payment Disclosures | 0 | — |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does Magma General Insurance Limited have?
Magma General Insurance Limited currently has 5 active bonds with coupons of 8.75% - 9.75%, maturities spanning 2032 - 2036.
What is Magma General Insurance Limited's credit rating?
The most common current rating on Magma General Insurance Limited's senior bonds is AA (CARE). Ratings on file come from CARE.
Are Magma General Insurance Limited's bonds secured?
Of the 5 bonds with a disclosed security status, 0 are secured (0%) and 5 are unsecured.
When do Magma General Insurance Limited's bonds mature?
Magma General Insurance Limited's active bonds mature between 2032 - 2036; the nearest matures in Mar 2032; the average tenure is 7.4 Yrs.
What is the average coupon on Magma General Insurance Limited's bonds?
The average coupon across Magma General Insurance Limited's 5 active bonds is 9.48%.
Disclaimer: This page aggregates publicly available data about Magma General Insurance 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.