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Northern Arc Capital Limited — Bonds & AA- (ICRA) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA- (ICRA)
Most common current rating on senior bonds
2 of 2 rated · ICRA, 30 Sep 2025
Total Debt Outstanding
₹1,940 Cr
Across 6 instruments
Active Bonds
6
First Issue
21 Sep 2022
Latest Issue
31 Jul 2026
Maturity Range
2027 - 2029
Observation
6 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 28 Aug 2026 Record date Record date for redemption of Commercial Paper
Issuer health card 1 item to look at
  • Current ratings ICRA AA-
  • Rating range All current ratings are AA- (ICRA 30 Sep 2025)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 No agency rating on file newer than 30 Sep 2025
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 1 of 6 active bonds had an exchange trade
  • Exchange filings, 90 days 26 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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
21 Sep 2022
Start of this issuer's debt program timeline
  • 6 active bonds tracked from this issuer.
  • 6 of 6 tracked bonds with a stated security status are secured. (based on 6 bonds with a disclosed security status)

Northern Arc Capital Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 8.85% - 10.07%, paid quarterly. Bonds mature between 2027 - 2029.

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
6
Tracked by RetailBonds
Amount Tracked
₹1,940 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
9.29%
Range 8.85% - 10.07%
Avg Remaining Tenure
1.3 Yrs
Nearest maturity Mar 2027
Secured
100%
6 of 6 bonds with known status
Callable
0
Of 6 bonds
Avg Spread vs G-Sec
+201 bps
Credit premium, from 1 bond with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2027: 3 bonds, ₹895 Cr tracked, avg coupon 9.56% 3 bonds 2027 2028: 2 bonds, ₹425 Cr tracked, avg coupon 8.95% 2 bonds 2028 2029: 1 bond, ₹620 Cr tracked, avg coupon 9.18% 1 bond 2029

Security Type / Instrument Mix

  • NCD 6 bonds · 100% · ₹1,940 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹395 Cr issued 2022 2024: ₹820 Cr issued 2024 2025: ₹575 Cr issued 2025 2026: ₹150 Cr issued 2026 Cumulative: ₹395 Cr Cumulative: ₹1,215 Cr Cumulative: ₹1,790 Cr Cumulative: ₹1,940 Cr

Based on 6 of 6 active bonds with a known issue date and issue size.

Financial Snapshot

Q1 FY27
Debt / Equity
3.06
 
Revenue from Operations
₹779.77 Cr
 
Net Profit / Loss
₹114.10 Cr
 
Profit Before Tax
₹152.60 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 14 Aug 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 4 bonds · 67%
  • Unrated 2 bonds · 33%
AgencyRatingOutlookBonds
ICRA AA- — 1
ICRA AA- Stable 1
ICRA AA- NSDL record — 2

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE850M07491 Northern Arc Capital 8.95% Mar 2027 NCD 8.95% AA- (ICRA) 2027-03-10 8.93% 2026-11-04
INE850M07467 Northern Arc Capital 9.65% Mar 2027 NCD 9.65% AA- (ICRA) 2027-03-27 — —
INE850M07434 Northern Arc Capital 10.07% Sep 2027 NCD 10.07% — 2027-09-21 — —
INE850M07517 Northern Arc Capital 9.04% Jul 2028 NCD 9.04% — 2028-07-31 — —
INE850M07509 Northern Arc Capital 8.85% Dec 2028 NCD 8.85% AA- (ICRA, NSDL record 2025) 2028-12-31 — —
INE850M07475 Northern Arc Capital 9.18% Jun 2029 NCD 9.18% AA- (ICRA, NSDL record 2024) 2029-06-14 — —
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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)
1
Avg. Yield (Last 30 Days)
8.93%
06 Regulatory Filings
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 4 2025-12-19
Rating Actions History 0 —
Secondary-Market Trades 1 2026-11-04
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 Northern Arc Capital Limited have?

Northern Arc Capital Limited currently has 6 active bonds with coupons of 8.85% - 10.07%, maturities spanning 2027 - 2029.

What is Northern Arc Capital Limited's credit rating?

The most common current rating on Northern Arc Capital Limited's senior bonds is AA- (ICRA). Ratings on file come from ICRA.

Are Northern Arc Capital Limited's bonds secured?

Of the 6 bonds with a disclosed security status, 6 are secured (100%) and 0 are unsecured.

When do Northern Arc Capital Limited's bonds mature?

Northern Arc Capital Limited's active bonds mature between 2027 - 2029; the nearest matures in Mar 2027; the average tenure is 1.3 Yrs.

What is the average coupon on Northern Arc Capital Limited's bonds?

The average coupon across Northern Arc Capital Limited's 6 active bonds is 9.29%.

Disclaimer: This page aggregates publicly available data about Northern Arc Capital 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.