Mahindra Rural Housing Finance Limited

Nbfc · Real Estate

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Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (CRISIL)
Total Debt Outstanding
₹4,967 Cr
Across 29 instruments
Listed Bonds
29
First Issue
2016-07-25
Latest Issue
2026-06-19
Maturity Range
2026 - 2034
Observation
29 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Real Estate
Issuer Type
Nbfc
First Tracked Bond
2016-07-25
Start of this issuer's debt program timeline
  • 29 active bonds tracked from this issuer.
  • 20 of 29 tracked bonds with a stated security status are secured. (based on 29 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-08-18.

Mahindra Rural Housing Finance Limited, an NBFC in the real estate sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.15% - 9.40%, paid annual. Maturities on outstanding bonds fall between 2026 - 2034.

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
29
Tracked by RetailBonds
Amount Tracked
₹4,967 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 27 of 29 bonds)
Avg Coupon
8.19%
Range 7.15% - 9.40%
Avg Remaining Tenure
2.6 Yrs
Nearest maturity 2026-11
Secured
68%
20 of 29 bonds with known status
Callable
0
Of 29 bonds
Avg Spread vs G-Sec
+230 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (8 bonds).

0 2026: 1 bond, ₹17 Cr tracked, avg coupon 8.40% 1 bond 2026 2027: 8 bonds, ₹1,145 Cr tracked, avg coupon 8.28% 8 bonds 2027 2028: 7 bonds, ₹1,520 Cr tracked, avg coupon 8.00% 7 bonds 2028 2029: 5 bonds, ₹1,075 Cr tracked, avg coupon 8.34% 5 bonds 2029 2030: 3 bonds, ₹400 Cr tracked, avg coupon 8.12% 3 bonds 2030 2031: 1 bond, ₹400 Cr tracked, avg coupon 8.05% 1 bond 2031 2032: 3 bonds, ₹210 Cr tracked, avg coupon 8.20% 3 bonds 2032 2034: 1 bond, ₹200 Cr tracked, avg coupon 8.35% 1 bond 2034

Security Type / Instrument Mix

  • NCD 29 bonds · 100% · ₹4,967 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2016: ₹17 Cr issued 2016 2017: ₹95 Cr issued 2017 2018: ₹70 Cr issued 2018 2020: ₹150 Cr issued 2020 2022: ₹210 Cr issued 2022 2023: ₹375 Cr issued 2023 2024: ₹1,550 Cr issued 2024 2025: ₹1,000 Cr issued 2025 2026: ₹1,500 Cr issued 2026 Cumulative: ₹17 Cr Cumulative: ₹112 Cr Cumulative: ₹182 Cr Cumulative: ₹332 Cr Cumulative: ₹542 Cr Cumulative: ₹917 Cr Cumulative: ₹2,467 Cr Cumulative: ₹3,467 Cr Cumulative: ₹4,967 Cr

Based on 27 of 29 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 16 bonds · 55%
  • AA 11 bonds · 38%
  • Unrated 2 bonds · 7%
AgencyRatingOutlookBonds
CRISIL AAA 9
INDIA_RATINGS AA+ 6
CRISIL AAA Stable 5
CARE AAA 3
CRISIL AA Stable 3
CARE AA+ 2
CRISIL AA+ 2
CARE AA 1

Recent Rating Actions

2026-08-18 · CRISIL
Other
2026-08-14 · CRISIL
Other
2026-08-04 · CRISIL
Other
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE950O08105 MRHFL-8.40%-24-11-26-PVT 8.40% AA+ (INDIA_RATINGS) 2026-11-24
INE950O07438 MRHFL-8.45%-22-1-27-PVT 8.45% AAA (CRISIL) 2027-01-22
INE950O07453 8.45% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES MRHFLFF2023 DATE OF MATURITY 25/03/2027. 8.45% AAA (CRISIL) 2027-03-25
INE950O07123 MRHFL-8.30%-26-3-27-PVT 8.30% AA+ (CARE) 2027-03-26
INE950O08303 8.3150% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES MRHFL CC2023U STRPP 2 DATE OF MATURITY 12/05/2027 8.31% AAA (CRISIL) 2027-05-12
INE950O08121 MRHFL-8.50%-19-5-27-PVT 8.50% AA (CARE) 2027-05-19
INE950O08139 MRHFL-8.50%-28-5-27-PVT 8.50% AA+ (CARE) 2027-05-28
INE950O08147 MRHFL-8.50%-15-6-27-PVT 8.50% AA+ (INDIA_RATINGS) 2027-06-15 8.38% 2026-08-13
INE950O07511 MRHFL-7.25%-27-8-27-PVT 7.25% AAA (CRISIL) 2027-08-27
INE950O07545 MRHFL-7.42%-23-2-28-PVT 7.42% AAA (CRISIL) 2028-02-23
INE950O07552 7.58% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES MRHFLAA2026 DATE OF MATURITY 27/03/2028 7.58% AAA (CRISIL) 2028-03-27 7.82% 2026-08-21
INE950O07495 MRHFL-7.99%-4-5-28-PVT 7.99% AAA (CRISIL) 2028-05-04
INE950O07248 MRHFL-9.18%-1-6-28-PVT 9.18% AA+ (CRISIL) 2028-06-01
INE950O07503 MRHFL-7.15%-21-07-28-PVT 7.15% AAA (CRISIL) 2028-07-21
INE950O08154 MRHFL-9.40%-7-8-28-PVT 9.40% AA+ (INDIA_RATINGS) 2028-08-07
INE950O07529 MRHFL-7.3%-26-9-28-PVT 7.30% AAA (CRISIL) 2028-09-26
INE950O07446 8.41% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES MRHFLEE2023 DATE OF MATURITY 28/02/2029 8.41% AAA (CARE) 2029-02-28
INE950O07560 RESET RATE SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES MRHFLBB2026 DATE OF MATURITY 22/05/2029 AAA (CRISIL) 2029-05-22
IN8950O07023 8.35% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES MRHFL-AA2024 DATE OF MATURITY 22/06/2029. 8.35% 2029-06-22
INE950O07461 8.35% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES MRHFL-AA2024 DATE OF MATURITY 22/06/2029. 8.35% AAA (CARE) 2029-06-22
INE950O07487 MRHFL-8.25%-03-08-29-PVT 8.25% AAA (CRISIL) 2029-08-03 7.30% 2026-08-20
INE950O08162 MRHFL-9%-21-01-30-PVT 9.00% AA (CRISIL) 2030-01-21
INE950O07537 MRHFL-7.45%-21-11-30-PVT 7.45% AAA (CRISIL) 2030-11-21 7.27% 2026-08-27
INE950O08196 MRHFL-7.9%-16-12-30-PVT 7.90% AA (CRISIL) 2030-12-16
INE950O07578 8.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES MRHFL-CC2026 DATE OF MATURITY 19/06/2031 8.05% AAA (CRISIL) 2031-06-19 7.93% 2026-08-25
INE950O07388 MHFL-7.90%-9-1-32-PVT 7.90% AA (CRISIL) 2032-01-09
INE950O07396 8.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES MRHFL- AA2022. DATE OF MATURITY 24/09/2032. 8.35% AA+ (CRISIL) 2032-09-24
IN8950O07015 8.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES MRHFL- AA2022. DATE OF MATURITY 24/09/2032. 8.35% 2032-09-24
INE950O08295 MRHFL-8.35%-22-12-34-PVT 8.35% AAA (CRISIL) 2034-12-22
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)
17
Avg. Yield (Last 30 Days)
7.81%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 31 2026-06-11
Rating Actions History 3 2026-08-18
Secondary-Market Trades 32 2026-08-27
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 Mahindra Rural Housing Finance Limited have?

Mahindra Rural Housing Finance Limited currently has 29 active bonds with coupons 7.15% - 9.40%, maturities spanning 2026 - 2034.

What is Mahindra Rural Housing Finance Limited's credit rating?

The most recent rating on Mahindra Rural Housing Finance Limited's bonds is AAA (CRISIL), published by CARE, CRISIL, INDIA_RATINGS.

Are Mahindra Rural Housing Finance Limited's bonds secured?

Of the 29 bonds with a disclosed security status, 20 are secured (68%) and 9 are unsecured.

When do Mahindra Rural Housing Finance Limited's bonds mature?

Mahindra Rural Housing Finance Limited's active bonds mature between 2026 - 2034; the nearest matures in 2026-11; the average tenure is 2.6 Yrs.

What is the average coupon on Mahindra Rural Housing Finance Limited's bonds?

The average coupon across Mahindra Rural Housing Finance Limited's 29 active bonds is 8.19%.

Disclaimer: This page aggregates publicly available data about Mahindra Rural Housing 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.