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Orange Retail Finance India Private Limited — Bonds & BBB- (ICRA) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
BBB- (ICRA)
Most common current rating on senior bonds
1 of 1 rated · ICRA, 31 Aug 2026
Total Debt Outstanding
₹187 Cr
Across 38 instruments
Active Bonds
38
First Issue
31 Oct 2022
Latest Issue
29 Sep 2026
Maturity Range
2026 - 2029
Observation
38 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.
  • 6 Oct 2026 Placed on rating watch CRISIL
Issuer health card 1 item to look at
  • Current ratings ICRA BBB-
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook 1 watch placement
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 6 Oct 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 38 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

Alert me about Orange Retail Finance India Private Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
31 Oct 2022
Start of this issuer's debt program timeline
  • 38 active bonds tracked from this issuer.
  • 33 of 38 tracked bonds with a stated security status are secured. (based on 38 bonds with a disclosed security status)
  • Most recent rating action: watch by CRISIL on 6 Oct 2026.

Operating in the Financial Services sector, Orange Retail Finance India Private Limited is classified as an NBFC. Bond coupons here span 10.50% - 15.50%, paid monthly. The maturity ladder spans 2026 - 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
38
Tracked by RetailBonds
Amount Tracked
₹187 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
14.15%
Range 10.50% - 15.50%
Avg Remaining Tenure
0.9 Yrs
Nearest maturity Nov 2026
Secured
86%
33 of 38 bonds with known status
Callable
1
Of 38 bonds
Avg Spread vs G-Sec
+602 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (25 bonds).

0 2026: 1 bond, ₹0 Cr tracked, avg coupon 13.50% 1 bond 2026 2027: 25 bonds, ₹45 Cr tracked, avg coupon 14.41% 25 bonds 2027 2028: 11 bonds, ₹92 Cr tracked, avg coupon 13.82% 11 bonds 2028 2029: 1 bond, ₹50 Cr tracked, avg coupon 12.00% 1 bond 2029

Security Type / Instrument Mix

  • NCD 38 bonds · 100% · ₹187 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹12 Cr issued 2022 2023: ₹3 Cr issued 2023 2024: ₹30 Cr issued 2024 2025: ₹12 Cr issued 2025 2026: ₹130 Cr issued 2026 Cumulative: ₹12 Cr Cumulative: ₹15 Cr Cumulative: ₹45 Cr Cumulative: ₹57 Cr Cumulative: ₹187 Cr

Based on 38 of 38 active bonds with a known issue date and issue size.

03 Credit Profile
  • BBB 3 bonds · 8%
  • Unrated 35 bonds · 92%
AgencyRatingOutlookBonds
ICRA BBB- Stable 1
CRISIL BBB- NSDL record — 2

Recent Rating Actions

BBB-
Watch · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE786X07916 Orange Retail Finance India 13.50% Nov 2026 NCD 13.50% — 2026-11-08 — —
INE786X07BK2 Orange Retail Finance India 14.50% Jan 2027 NCD 14.50% — 2027-01-06 — —
INE786X07BD7 Orange Retail Finance India 15.00% Jan 2027 NCD 15.00% — 2027-01-13 — —
INE786X07AK4 Orange Retail Finance India 15.00% Jan 2027 NCD 15.00% — 2027-01-16 — —
INE786X07AJ6 Orange Retail Finance India 14.50% Jan 2027 NCD 14.50% — 2027-01-24 — —
INE786X07973 Orange Retail Finance India 14.50% Feb 2027 NCD 14.50% — 2027-02-02 — —
INE786X07965 Orange Retail Finance India 14.50% Feb 2027 NCD 14.50% — 2027-02-04 — —
INE786X07999 Orange Retail Finance India 13.50% Feb 2027 NCD 13.50% — 2027-02-23 — —
INE786X07AB3 Orange Retail Finance India 15.00% Apr 2027 NCD 15.00% — 2027-04-24 — —
INE786X07AA5 Orange Retail Finance India 13.75% May 2027 NCD 13.75% — 2027-05-31 — —
INE786X07AC1 Orange Retail Finance India 14.50% Jun 2027 NCD 14.50% — 2027-06-12 — —
INE786X07AG2 Orange Retail Finance India 14.50% Jun 2027 NCD 14.50% — 2027-06-20 — —
INE786X07AH0 Orange Retail Finance India 14.50% Jun 2027 NCD 14.50% — 2027-06-27 — —
INE786X07AD9 Orange Retail Finance India 14.00% Jun 2027 NCD 14.00% — 2027-06-28 — —
INE786X07AE7 Orange Retail Finance India 14.00% Jun 2027 NCD 14.00% — 2027-06-30 — —
INE786X07AT5 Orange Retail Finance India 14.50% Jul 2027 NCD 14.50% — 2027-07-15 — —
INE786X07874 Orange Retail Finance India 14.00% Aug 2027 NCD 14.00% — 2027-08-19 — —
INE786X07AP3 Orange Retail Finance India 15.00% Aug 2027 NCD 15.00% — 2027-08-20 — —
INE786X07AV1 Orange Retail Finance India 15.00% Aug 2027 NCD 15.00% — 2027-08-30 — —
INE786X07BI6 Orange Retail Finance India 14.50% Sep 2027 NCD 14.50% — 2027-09-02 — —
INE786X07BJ4 Orange Retail Finance India 10.50% Sep 2027 NCD 10.50% — 2027-09-02 — —
INE786X07BH8 Orange Retail Finance India 15.00% Sep 2027 NCD 15.00% BBB- (CRISIL, NSDL record 2025) 2027-09-30 — —
INE786X07AW9 Orange Retail Finance India 15.00% Oct 2027 NCD 15.00% — 2027-10-03 — —
INE786X07AQ1 Orange Retail Finance India 15.00% Nov 2027 NCD 15.00% — 2027-11-07 — —
INE786X07BB1 Orange Retail Finance India 15.00% Dec 2027 NCD 15.00% — 2027-12-13 — —
INE786X07BE5 Orange Retail Finance India 15.00% Dec 2027 NCD 15.00% — 2027-12-23 — —
INE786X07BL0 Orange Retail Finance India 12.50% Jan 2028 NCD 12.50% — 2028-01-31 13.24% 2026-10-16
INE786X07BF2 Orange Retail Finance India 15.00% Feb 2028 NCD 15.00% — 2028-02-10 — —
INE786X07BC9 Orange Retail Finance India 15.00% Feb 2028 NCD 15.00% — 2028-02-16 — —
INE786X07BG0 Orange Retail Finance India 15.50% Mar 2028 NCD 15.50% — 2028-03-16 — —
INE786X08021 Orange Retail Finance India 13.00% May 2028 NCD 13.00% — 2028-05-01 — —
INE786X08047 Orange Retail Finance India 13.00% May 2028 NCD 13.00% — 2028-05-05 — —
INE786X08039 Orange Retail Finance India 15.50% May 2028 NCD 15.50% — 2028-05-16 — —
INE786X08062 Orange Retail Finance India 13.00% Jun 2028 NCD 13.00% — 2028-06-08 — —
INE786X08054 Orange Retail Finance India 15.50% Jun 2028 NCD 15.50% — 2028-06-14 — —
INE786X07BM8 Orange Retail Finance India 11.50% Aug 2028 NCD 11.50% BBB- (ICRA) 2028-08-25 12.73% 2026-11-06
INE786X07BA3 Orange Retail Finance India 12.50% Dec 2028 NCD 12.50% BBB- (CRISIL, NSDL record 2025) 2028-12-15 — —
INE786X07BN6 Orange Retail Finance India 12.00% Mar 2029 NCD 12.00% — 2029-03-29 12.91% 2026-11-06
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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)
31
Avg. Yield (Last 30 Days)
13.59%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 3 2026-08-31
Rating Actions History 1 2026-10-06
Secondary-Market Trades 38 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 Orange Retail Finance India Private Limited have?

Orange Retail Finance India Private Limited currently has 38 active bonds with coupons of 10.50% - 15.50%, maturities spanning 2026 - 2029.

What is Orange Retail Finance India Private Limited's credit rating?

The most common current rating on Orange Retail Finance India Private Limited's senior bonds is BBB- (ICRA). Ratings on file come from ICRA.

Are Orange Retail Finance India Private Limited's bonds secured?

Of the 38 bonds with a disclosed security status, 33 are secured (86%) and 5 are unsecured.

When do Orange Retail Finance India Private Limited's bonds mature?

Orange Retail Finance India Private Limited's active bonds mature between 2026 - 2029; the nearest matures in Nov 2026; the average tenure is 0.9 Yrs.

What is the average coupon on Orange Retail Finance India Private Limited's bonds?

The average coupon across Orange Retail Finance India Private Limited's 38 active bonds is 14.15%.

Disclaimer: This page aggregates publicly available data about Orange Retail Finance India Private 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.