Mahaveer Finance (india) Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
BBB+ (CARE)
Total Debt Outstanding
₹225 Cr
Across 7 instruments
Listed Bonds
7
First Issue
2018-01-04
Latest Issue
2026-05-26
Maturity Range
2026 - 2037
Observation
7 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Nbfc
First Tracked Bond
2018-01-04
Start of this issuer's debt program timeline
  • 7 active bonds tracked from this issuer.
  • 5 of 7 tracked bonds with a stated security status are secured. (based on 7 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-06-23.

Operating in the financial services sector, Mahaveer Finance (india) Limited is classified as an NBFC. Bond coupons here span 5.00% - 16.00%, paid semi annual. The maturity ladder spans 2026 - 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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02 Debt Profile
Outstanding Bonds
7
Tracked by RetailBonds
Amount Tracked
₹225 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
11.61%
Range 5.00% - 16.00%
Avg Remaining Tenure
2.4 Yrs
Nearest maturity 2026-09
Secured
71%
5 of 7 bonds with known status
Callable
1
Of 7 bonds
Avg Spread vs G-Sec
+627 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (2 bonds).

0 2026: 2 bonds, ₹35 Cr tracked, avg coupon 13.00% 2 bonds 2026 2027: 2 bonds, ₹40 Cr tracked, avg coupon 13.80% 2 bonds 2027 2028: 1 bond, ₹60 Cr tracked, avg coupon 11.50% 1 bond 2028 2029: 1 bond, ₹65 Cr tracked, avg coupon 11.20% 1 bond 2029 2037: 1 bond, ₹25 Cr tracked, avg coupon 5.00% 1 bond 2037

Security Type / Instrument Mix

  • NCD 7 bonds · 100% · ₹225 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2018: ₹25 Cr issued 2018 2022: ₹30 Cr issued 2022 2025: ₹105 Cr issued 2025 2026: ₹65 Cr issued 2026 Cumulative: ₹25 Cr Cumulative: ₹55 Cr Cumulative: ₹160 Cr Cumulative: ₹225 Cr

Based on 7 of 7 active bonds with a known issue date and issue size.

03 Credit Profile
  • BBB 6 bonds · 86%
  • Unrated 1 bonds · 14%
AgencyRatingOutlookBonds
CARE BBB 1
CARE BBB+ 1
CARE BBB- 1
CRISIL BBB 1
ICRA BBB 1
ICRA BBB Stable 1

Recent Rating Actions

2026-06-23 · CRISIL
BBB
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE911L07139 MFIL-12%-25-9-26-PVT 12.00% BBB (ICRA) 2026-09-25
INE911L07089 14% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE.DATE OF MATURITY 28/09/2026 14.00% BBB- (CARE) 2026-09-28
INE911L07121 MFIL-11.6%-18-2-27-PVT 11.60% BBB (ICRA) 2027-02-18
INE911L08053 16% UNSECURED RATED UNLISTED SUBORDINATEDNON CONVERTIBLE DEBENTURE. DATE OF MATURITY 16/03/2027 16.00% BBB (CRISIL) 2027-03-16
INE911L07147 MFIL-11.5%-30-12-28-PVT 11.50% BBB (CARE) 2028-12-30 12.15% 2026-08-19
INE911L07154 11.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 26/11/2029 11.20% BBB+ (CARE) 2029-11-26 12.17% 2026-08-25
INE911L08038 5% UNSECURED UNLISTED COMPULSORILY CONVERTIBLE DEBENTURES. SERIES 1-2500. DATE OF CONVERSION 03/01/2037 5.00% 2037-01-03
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)
22
Avg. Yield (Last 30 Days)
11.93%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 6 2026-05-15
Rating Actions History 1 2026-06-23
Secondary-Market Trades 44 2026-08-25
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 Mahaveer Finance (india) Limited have?

Mahaveer Finance (india) Limited currently has 7 active bonds with coupons 5.00% - 16.00%, maturities spanning 2026 - 2037.

What is Mahaveer Finance (india) Limited's credit rating?

The most recent rating on Mahaveer Finance (india) Limited's bonds is BBB+ (CARE), published by CARE, CRISIL, ICRA.

Are Mahaveer Finance (india) Limited's bonds secured?

Of the 7 bonds with a disclosed security status, 5 are secured (71%) and 2 are unsecured.

When do Mahaveer Finance (india) Limited's bonds mature?

Mahaveer Finance (india) Limited's active bonds mature between 2026 - 2037; the nearest matures in 2026-09; the average tenure is 2.4 Yrs.

What is the average coupon on Mahaveer Finance (india) Limited's bonds?

The average coupon across Mahaveer Finance (india) Limited's 7 active bonds is 11.61%.

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.