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Muthoot MCRED Limited — Bonds & A (ICRA) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A (ICRA)
Most common current rating on senior bonds
15 of 18 rated · ICRA, 31 Aug 2026
Total Debt Outstanding
₹3,269 Cr
Across 48 instruments
Active Bonds
48
First Issue
18 Feb 2020
Latest Issue
28 Oct 2026
Maturity Range
2026 - 2030
Observation
48 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings ICRA A, CARE A-
  • Rating range Current ratings range from A- (CARE 31 Mar 2025) to A (ICRA 31 Aug 2026)
  • Rating direction, 12 months No rating actions on file
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 18 of 48 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

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01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
18 Feb 2020
Start of this issuer's debt program timeline
  • 48 active bonds tracked from this issuer.
  • 41 of 45 tracked bonds with a stated security status are secured. (based on 45 bonds with a disclosed security status)

Muthoot MCRED Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 9.00% - 10.75%, paid monthly. Bonds mature between 2026 - 2030.

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
48
Tracked by RetailBonds
Amount Tracked
₹3,269 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 45 of 48 bonds)
Avg Coupon
9.65%
Range 9.00% - 10.75%
Avg Remaining Tenure
1.5 Yrs
Nearest maturity Nov 2026
Secured
91%
41 of 45 bonds with known status
Callable
0
Of 48 bonds
Avg Spread vs G-Sec
+345 bps
Credit premium, from 18 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (20 bonds).

0 2026: 1 bond, ₹24 Cr tracked 1 bond 2026 2027: 20 bonds, ₹884 Cr tracked, avg coupon 9.46% 20 bonds 2027 2028: 19 bonds, ₹1,854 Cr tracked, avg coupon 9.58% 19 bonds 2028 2029: 3 bonds, ₹409 Cr tracked, avg coupon 9.60% 3 bonds 2029 2030: 5 bonds, ₹97 Cr tracked, avg coupon 10.50% 5 bonds 2030

Security Type / Instrument Mix

  • NCD 48 bonds · 100% · ₹3,269 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹107 Cr issued 2020 2021: ₹114 Cr issued 2021 2022: ₹70 Cr issued 2022 2024: ₹180 Cr issued 2024 2025: ₹1,199 Cr issued 2025 2026: ₹1,600 Cr issued 2026 Cumulative: ₹107 Cr Cumulative: ₹221 Cr Cumulative: ₹290 Cr Cumulative: ₹470 Cr Cumulative: ₹1,669 Cr Cumulative: ₹3,269 Cr

Based on 45 of 48 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 37 bonds · 77%
  • BBB 10 bonds · 21%
  • Unrated 1 bond · 2%
AgencyRatingOutlookBonds
ICRA A Stable 12
CARE A- — 3
ICRA A — 3
ICRA A NSDL record — 12
CARE A- NSDL record — 6
CARE BBB+ NSDL record — 4
India Ratings BBB NSDL record — 4
CARE BBB- NSDL record — 2
CARE A NSDL record — 1

Recent Rating Actions

No rating action history available.

NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE101Q07BC5 Muthoot MCRED Nov 2026 NCD — A (ICRA, NSDL record 2025) 2026-11-12 — —
INE101Q07AR5 Muthoot MCRED Jan 2027 NCD — A- (CARE, NSDL record 2024) 2027-01-18 — —
INE101Q07AU9 Muthoot MCRED 9.00% Jan 2027 NCD 9.00% A- (CARE, NSDL record 2024) 2027-01-18 — —
INE101Q07AZ8 Muthoot MCRED 9.75% Feb 2027 NCD 9.75% A- (CARE) 2027-02-06 10.00% 2026-10-30
INE101Q07BK8 Muthoot MCRED 9.00% Feb 2027 NCD 9.00% A (ICRA, NSDL record 2025) 2027-02-28 — —
INE101Q08159 Muthoot MCRED 10.00% Mar 2027 NCD 10.00% BBB+ (CARE, NSDL record 2021) 2027-03-15 — —
INE101Q07615 Muthoot MCRED Mar 2027 NCD — BBB- (CARE, NSDL record 2020) 2027-03-17 — —
INE101Q07AQ7 Muthoot MCRED 10.00% Apr 2027 NCD 10.00% A- (CARE) 2027-04-25 10.30% 2026-10-26
INE101Q07BD3 Muthoot MCRED 9.50% May 2027 NCD 9.50% A (ICRA, NSDL record 2025) 2027-05-12 — —
INE101Q07BH4 Muthoot MCRED 9.75% Jun 2027 NCD 9.75% A (ICRA) 2027-06-12 10.40% 2026-11-06
INE101Q07AG8 Muthoot MCRED Jul 2027 NCD — BBB+ (CARE, NSDL record 2021) 2027-07-02 — —
INE101Q07714 Muthoot MCRED Jul 2027 NCD — BBB- (CARE, NSDL record 2020) 2027-07-31 — —
INE101Q07BL6 Muthoot MCRED 9.25% Aug 2027 NCD 9.25% A (ICRA, NSDL record 2025) 2027-08-29 8.50% 2026-10-29
INE101Q07BO0 Muthoot MCRED 9.25% Sep 2027 NCD 9.25% A (ICRA) 2027-09-18 10.30% 2026-11-04
INE101Q07BQ5 Muthoot MCRED 9.25% Oct 2027 NCD 9.25% A (ICRA) 2027-10-27 — 2026-07-14
INE101Q07789 Muthoot MCRED Oct 2027 NCD — BBB (India Ratings, NSDL record 2020) 2027-10-29 — —
INE101Q07BT9 Muthoot MCRED 9.25% Nov 2027 NCD 9.25% A (ICRA) 2027-11-13 — —
INE101Q07AW5 Muthoot MCRED Nov 2027 NCD — A- (CARE, NSDL record 2024) 2027-11-18 — —
INE101Q07AY1 Muthoot MCRED 9.50% Nov 2027 NCD 9.50% A- (CARE, NSDL record 2024) 2027-11-18 10.60% 2026-10-27
INE101Q07AM6 Muthoot MCRED Nov 2027 NCD — BBB+ (CARE, NSDL record 2022) 2027-11-22 — —
INE101Q07854 Muthoot MCRED Dec 2027 NCD — BBB (India Ratings, NSDL record 2020) 2027-12-23 — —
INE101Q07BU7 Muthoot MCRED 9.25% Jan 2028 NCD 9.25% A (ICRA) 2028-01-13 — 2026-10-05
INE101Q07BS1 Muthoot MCRED 9.30% Jan 2028 NCD 9.30% A (ICRA) 2028-01-27 10.30% 2026-11-06
INE101Q08126 Muthoot MCRED Feb 2028 NCD — BBB (India Ratings, NSDL record 2020) 2028-02-14 — —
INE101Q08209 Muthoot MCRED 9.25% Feb 2028 NCD 9.25% A (ICRA) 2028-02-25 — —
INE101Q07BY9 Muthoot MCRED 9.25% Feb 2028 NCD 9.25% A (ICRA, NSDL record 2026) 2028-02-25 8.50% 2026-11-06
INE101Q07BA9 Muthoot MCRED 10.00% Mar 2028 NCD 10.00% A- (CARE) 2028-03-21 11.63% 2026-11-05
INE101Q08142 Muthoot MCRED May 2028 NCD — BBB (India Ratings, NSDL record 2021) 2028-05-02 — —
INE101Q07BB7 Muthoot MCRED 10.00% May 2028 NCD 10.00% A (CARE, NSDL record 2025) 2028-05-12 — —
INE101Q07BV5 Muthoot MCRED 9.25% May 2028 NCD 9.25% A (ICRA) 2028-05-18 10.72% 2026-11-03
INE101Q07BX1 Muthoot MCRED 9.30% Jun 2028 NCD 9.30% A (ICRA) 2028-06-17 11.60% 2026-11-06
INE101Q07BI2 Muthoot MCRED 10.00% Jun 2028 NCD 10.00% A (ICRA) 2028-06-27 11.18% 2026-11-03
INE101Q08191 Muthoot MCRED 9.65% Aug 2028 NCD 9.65% A (ICRA) 2028-08-25 — —
INE101Q07BZ6 Muthoot MCRED 9.65% Aug 2028 NCD 9.65% A (ICRA, NSDL record 2026) 2028-08-25 — 2026-09-25
INE101Q07BM4 Muthoot MCRED 9.75% Aug 2028 NCD 9.75% A (ICRA, NSDL record 2025) 2028-08-29 10.73% 2026-11-05
INE101Q08167 Muthoot MCRED Sep 2028 NCD — BBB+ (CARE, NSDL record 2021) 2028-09-15 — —
INE101Q07BW3 Muthoot MCRED 9.65% Sep 2028 NCD 9.65% A (ICRA) 2028-09-18 10.50% 2026-11-05
INE101Q07BR3 Muthoot MCRED 9.75% Oct 2028 NCD 9.75% A (ICRA) 2028-10-27 10.21% 2026-11-06
INE101Q07AT1 Muthoot MCRED 10.00% Nov 2028 NCD 10.00% A- (CARE, NSDL record 2024) 2028-11-18 — —
INE101Q07CA7 Muthoot MCRED 9.30% Nov 2028 NCD 9.30% A (ICRA) 2028-11-20 10.95% 2026-11-06
INE101Q07BE1 Muthoot MCRED 10.25% May 2029 NCD 10.25% A (ICRA, NSDL record 2025) 2029-05-12 — —
INE101Q07CB5 Muthoot MCRED 9.30% Aug 2029 NCD 9.30% A (ICRA) 2029-08-07 10.39% 2026-11-06
INE101Q07CC3 Muthoot MCRED 9.25% Oct 2029 NCD 9.25% — 2029-10-30 10.19% 2026-11-06
INE101Q07BG6 Muthoot MCRED 10.50% May 2030 NCD 10.50% A (ICRA, NSDL record 2025) 2030-05-12 — —
INE101Q07BF8 Muthoot MCRED 10.75% May 2030 NCD 10.75% A (ICRA, NSDL record 2025) 2030-05-12 — —
INE101Q07AV7 Muthoot MCRED May 2030 NCD — A- (CARE, NSDL record 2024) 2030-05-18 — —
INE101Q07BN2 Muthoot MCRED 10.25% Aug 2030 NCD 10.25% A (ICRA, NSDL record 2025) 2030-08-29 — —
INE101Q07BJ0 Muthoot MCRED 10.50% Aug 2030 NCD 10.50% A (ICRA, NSDL record 2025) 2030-08-29 — 2026-09-23
Compare (/) Compare Bonds

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.

05 Market Activity

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

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
154
Avg. Yield (Last 30 Days)
10.5%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 47 2026-08-31
Rating Actions History 0 —
Secondary-Market Trades 664 2026-11-06
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 Muthoot MCRED Limited have?

Muthoot MCRED Limited currently has 48 active bonds with coupons of 9.00% - 10.75%, maturities spanning 2026 - 2030.

What is Muthoot MCRED Limited's credit rating?

The most common current rating on Muthoot MCRED Limited's senior bonds is A (ICRA). Ratings on file come from CARE, ICRA.

Are Muthoot MCRED Limited's bonds secured?

Of the 45 bonds with a disclosed security status, 41 are secured (91%) and 4 are unsecured.

When do Muthoot MCRED Limited's bonds mature?

Muthoot MCRED Limited's active bonds mature between 2026 - 2030; the nearest matures in Nov 2026; the average tenure is 1.5 Yrs.

What is the average coupon on Muthoot MCRED Limited's bonds?

The average coupon across Muthoot MCRED Limited's 48 active bonds is 9.65%.

Disclaimer: This page aggregates publicly available data about Muthoot MCRED 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.