Mahaveer Finance (India) Limited — Bonds & BBB+ (CARE) Rating
NBFC · Financial Services
Verify this issuer →- Current ratings CARE BBB+, ICRA BBB+, CARE BBB-
- Rating range Current ratings range from BBB- (CARE 31 Aug 2026) to BBB+ (CARE 30 Jun 2026, CRISIL 31 Jul 2026, ICRA 28 Feb 2025)
- 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- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 31 Aug 2026
- Payment record No payment disclosures since 17 Jul 2026
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 3 of 8 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.
- 8 active bonds tracked from this issuer.
- 4 of 8 tracked bonds with a stated security status are secured. (based on 8 bonds with a disclosed security status)
- Most recent rating action: initial by CRISIL on 23 Jun 2026.
Operating in the Financial Services sector, Mahaveer Finance (India) Limited is classified as an NBFC. Bond coupons here span 5.00% - 16.00%, paid quarterly. The maturity ladder spans 2027 - 2037.
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 8 bonds · 100% · ₹335 Cr tracked
Funding Evolution
Based on 7 of 8 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
- BBB 6 bonds · 75%
- Unrated 2 bonds · 25%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CARE | BBB+ | — | 1 |
| CARE | BBB+ | Stable | 1 |
| CARE | BBB- | Stable | 1 |
| CRISIL | BBB+ | Stable | 1 |
| ICRA | BBB+ | — | 1 |
| CRISIL | BBB | — | 1 |
Recent Rating Actions
| ISIN | Bond Name | Coupon | Rating | Maturity | YTM | Last Trade | Details |
|---|---|---|---|---|---|---|---|
| INE911L07121 | Mahaveer Finance (India) 11.60% Feb 2027 NCD | 11.60% | BBB+ (ICRA) | 2027-02-18 | — | — | |
| INE911L08053 | Mahaveer Finance (India) 16.00% Mar 2027 NCD | 16.00% | BBB (CRISIL, NSDL record 2022) | 2027-03-16 | — | — | |
| INE911L07147 | Mahaveer Finance (India) 11.50% Dec 2028 NCD | 11.50% | BBB+ (CARE) | 2028-12-30 | — | 2026-09-02 | |
| INE911L07162 | Mahaveer Finance (India) 11.00% Aug 2029 NCD | 11.00% | BBB- (CARE) | 2029-08-11 | 11.81% | 2026-11-06 | |
| INE911L07154 | Mahaveer Finance (India) 11.20% Nov 2029 NCD | 11.20% | BBB+ (CARE) | 2029-11-26 | 12.00% | 2026-11-06 | |
| IN8911L08011 | Mahaveer Finance (India) Sep 2031 NCD | — | — | 2031-09-29 | — | — | |
| INE911L08079 | Mahaveer Finance (India) 12.40% Sep 2031 NCD | 12.40% | BBB+ (CRISIL) | 2031-09-29 | 12.21% | 2026-11-06 | |
| INE911L08038 | Mahaveer Finance (India) 5.00% Jan 2037 CCD | 5.00% | — | 2037-01-03 | — | — |
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) | 6 | 2026-08-31 |
| Rating Actions History | 1 | 2026-06-23 |
| Secondary-Market Trades | 119 | 2026-11-06 |
| 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 Mahaveer Finance (India) Limited have?
Mahaveer Finance (India) Limited currently has 8 active bonds with coupons of 5.00% - 16.00%, maturities spanning 2027 - 2037.
What is Mahaveer Finance (India) Limited's credit rating?
The most common current rating on Mahaveer Finance (India) Limited's senior bonds is BBB+ (CARE). Ratings on file come from CARE, CRISIL, ICRA.
Are Mahaveer Finance (India) Limited's bonds secured?
Of the 8 bonds with a disclosed security status, 4 are secured (50%) and 4 are unsecured.
When do Mahaveer Finance (India) Limited's bonds mature?
Mahaveer Finance (India) Limited's active bonds mature between 2027 - 2037; the nearest matures in Feb 2027; the average tenure is 3.6 Yrs.
What is the average coupon on Mahaveer Finance (India) Limited's bonds?
The average coupon across Mahaveer Finance (India) Limited's 8 active bonds is 11.24%.
Disclaimer: This page aggregates publicly available data about Mahaveer Finance (India) 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.