Piramal Finance Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA (ICRA)
Total Debt Outstanding
₹32,691 Cr
Across 27 instruments
Listed Bonds
27
First Issue
2016-07-14
Latest Issue
2025-10-13
Maturity Range
2026 - 2034
Observation
27 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Nbfc
First Tracked Bond
2016-07-14
Start of this issuer's debt program timeline
  • 27 active bonds tracked from this issuer.
  • 24 of 25 tracked bonds with a stated security status are secured. (based on 25 bonds with a disclosed security status)
  • Most recent rating action: other by CRISIL on 2026-08-26.

Piramal Finance Limited is an NBFC in the financial services sector. Coupon rates on outstanding bonds range from 6.75% - 9.76%, paid annual. Bonds mature 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
27
Tracked by RetailBonds
Amount Tracked
₹32,691 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 24 of 27 bonds)
Avg Coupon
9.05%
Range 6.75% - 9.76%
Avg Remaining Tenure
2.7 Yrs
Nearest maturity 2026-11
Secured
96%
24 of 25 bonds with known status
Callable
1
Of 27 bonds
Avg Spread vs G-Sec
+309 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (10 bonds).

0 2026: 1 bond, ₹131 Cr tracked, avg coupon 9.05% 1 bond 2026 2027: 10 bonds, ₹9,150 Cr tracked, avg coupon 9.05% 10 bonds 2027 2028: 4 bonds, ₹1,323 Cr tracked, avg coupon 9.20% 4 bonds 2028 2029: 2 bonds, ₹1,500 Cr tracked, avg coupon 9.64% 2 bonds 2029 2030: 3 bonds, ₹700 Cr tracked, avg coupon 9.22% 3 bonds 2030 2031: 5 bonds, ₹19,732 Cr tracked, avg coupon 8.47% 5 bonds 2031 2033: 1 bond, ₹0 Cr tracked, avg coupon 9.35% 1 bond 2033 2034: 1 bond, ₹155 Cr tracked, avg coupon 9.50% 1 bond 2034

Security Type / Instrument Mix

  • NCD 27 bonds · 100% · ₹32,691 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2017: ₹1,000 Cr issued 2017 2018: ₹500 Cr issued 2018 2019: ₹1,500 Cr issued 2019 2020: ₹50 Cr issued 2020 2021: ₹19,732 Cr issued 2021 2023: ₹204 Cr issued 2023 2024: ₹155 Cr issued 2024 2025: ₹9,550 Cr issued 2025 Cumulative: ₹1,000 Cr Cumulative: ₹1,500 Cr Cumulative: ₹3,000 Cr Cumulative: ₹3,050 Cr Cumulative: ₹22,782 Cr Cumulative: ₹22,986 Cr Cumulative: ₹23,141 Cr Cumulative: ₹32,691 Cr

Based on 24 of 27 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

Q1 FY26
Debt / Equity
0.03
 
Debt Service Coverage (DSCR)
0.00
 
Interest Service Coverage (ISCR)
0.00
 
Revenue from Operations
₹3,409.79 Cr
 
Net Profit / Loss
₹439.92 Cr
 
Profit Before Tax
₹421.08 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 16 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 24 bonds · 89%
  • Unrated 3 bonds · 11%
AgencyRatingOutlookBonds
CARE AA 16
ICRA AA 14
CARE AA Stable 2
ICRA AA Stable 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AA on 2026-06-17 CRISIL: AA on 2026-08-19
Jun 26 — Aug 26 CRISIL

Recent Rating Actions

2026-08-26 · CRISIL
Other
2026-08-19 · CRISIL
AA
Other
2026-07-28 · CRISIL
Other
2026-06-29 · CRISIL
Other
2026-06-17 · CRISIL
AA
Initial
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE140A07740 9.05% SECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIES II TRANCHE I DATE OF MATURITY 03/11/2026 9.05% AA (ICRA) 2026-11-03 2026-08-24
INE516Y07519 PCHFL-9.30%-07-2-27-PVT 9.30% AA (ICRA) 2027-01-07
INE516Y07527 PCHFL-3MOIS+SPREAD-22-1-27-PVT AA (CARE) 2027-01-22
INE641O08035 9.55% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES A. DATE OF MATURITY 08/03/2027 9.55% AA (ICRA) 2027-03-08
INE202B07JS2 PFL-9.10%-16-4-27-PVT 9.10% AA (CARE) 2027-04-16
INE202B07JP8 PFL-9.30%-07-05-27-PVT 9.30% AA (CARE) 2027-05-07
IN8202B07018 9.30% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 07/05/2027 9.30% 2027-05-07
INE202B07JR4 PFL-9.15%-17-6-27-PVT 9.15% AA (CARE) 2027-06-17 8.45% 2026-07-31
INE202B07JT0 PFL-9%-28-6-27-PVT 9.00% AA (ICRA) 2027-06-28 8.25% 2026-08-25
INE641O07144 PFL-7.96%-20-9-27-PVT 7.96% AA (ICRA) 2027-09-20
INE202B07JW4 PFL-8.75%-29-10-27-PVT 8.75% AA (ICRA) 2027-10-29 8.32% 2026-08-20
INE202B07JV6 PFL-8.80%-11-8-28-PVT 8.80% AA (CARE) 2028-08-11 8.52% 2026-08-04
INE140A07765 9.2% SECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIS III TRANCHE I DATE OF MATURITY 03/11/2028 9.20% AA (ICRA) 2028-11-03 7.20% 2026-08-11
INE516Y07014 PCHFL-9.27%-19-12-28-PVT 9.27% 2028-12-19
INE202B07JY0 9.52% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 19/12/2028 9.52% AA (CARE) 2028-12-19
INE516Y07063 PCHFL-9.5109%-9-3-29-PVT 9.51% 2029-03-09
INE202B07JX2 9.7609% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES DATE OF MATURITY 09/03/2029 9.76% AA (CARE) 2029-03-09
INE202B07JQ6 PFL-9.25%-17-6-30-PVT 9.25% AA (ICRA) 2030-06-17
INE202B07JU8 PFL-9.10%-28-6-30-PVT 9.10% AA (ICRA) 2030-06-28 9.09% 2026-08-14
INE516Y07246 PCHFL-9.32%-1-11-30-PVT 9.32% AA (CARE) 2030-11-01
INE516Y07295 PCHFL-9%-28-3-31-PVT 9.00% AA (CARE) 2031-03-28
INE516Y07329 PCHFL-8.85%-27-6-31-PVT 8.85% AA (ICRA) 2031-06-27
INE516Y07428 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES V CATEGORY III&IV.LETTER OF ALLOTMENT.DATE OF MATURITY 23/07/2031 9.00% AA (ICRA) 2031-07-23 8.64% 2026-08-26
INE516Y07378 8.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES V CATEGORY I&II.LETTER OF ALLOTMENT.DATE OF MATURITY 23/07/2031 8.75% AA (ICRA) 2031-07-23
INE516Y07444 PCFHL-6.75%-26-9-31-PVT 6.75% AA (ICRA) 2031-09-26 9.50% 2026-08-26
INE140A07773 9.35% SECURED RATED LISTED NON CONVERTIBLE DEBENTURES SERIES IV TRANCHE I DATE OF MATURITY 03/11/2033 9.35% AA (ICRA) 2033-11-03 7.35% 2026-08-20
INE140A07807 9.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. DATE OF MATURITY 07/07/2034. 9.50% AA (ICRA) 2034-07-07
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)
56
Avg. Yield (Last 30 Days)
9.05%
06 Payment Disclosures (SEBI Reg52(4)) 9 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
2026-08-20 PFL-7.96%-20-9-27-PVT Interest ₹22,500,000.00 ₹22,500,000.00 Paid XBRL →
2026-08-19 9.52% SECURED RATED LISTED... Interest ₹40,400,000.00 ₹40,400,000.00 Paid XBRL →
2026-07-28 PFL-9%-28-6-27-PVT Interest ₹630,000,000.00 ₹630,000,000.00 Paid XBRL →
2026-07-28 PFL-9.10%-28-6-30-PVT Interest ₹100,100,000.00 ₹100,100,000.00 Paid XBRL →
2026-07-23 PCHFL-3MOIS+SPREAD-22-1-27-PVT Interest ₹57,600,000.00 ₹57,600,000.00 Paid XBRL →
2026-07-23 9% SECURED RATED LISTED REDEEMABLE... Interest ₹138,600,000.00 ₹138,600,000.00 Paid XBRL →
2026-07-23 8.75% SECURED RATED LISTED... Interest ₹100,000.00 ₹100,000.00 Paid XBRL →
2026-07-20 PFL-7.96%-20-9-27-PVT Interest ₹21,800,000.00 ₹21,800,000.00 Paid XBRL →
2026-07-20 9.52% SECURED RATED LISTED... Interest ₹39,100,000.00 ₹39,100,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 33 2026-06-28
Rating Actions History 5 2026-08-26
Secondary-Market Trades 126 2026-08-26
Reg52(4) Payment Disclosures 9 2026-08-20

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Piramal Finance Limited have?

Piramal Finance Limited currently has 27 active bonds with coupons 6.75% - 9.76%, maturities spanning 2026 - 2034.

What is Piramal Finance Limited's credit rating?

The most recent rating on Piramal Finance Limited's bonds is AA (ICRA), published by CARE, ICRA.

Are Piramal Finance Limited's bonds secured?

Of the 25 bonds with a disclosed security status, 24 are secured (96%) and 1 are unsecured.

When do Piramal Finance Limited's bonds mature?

Piramal Finance Limited's active bonds mature between 2026 - 2034; the nearest matures in 2026-11; the average tenure is 2.7 Yrs.

What is the average coupon on Piramal Finance Limited's bonds?

The average coupon across Piramal Finance Limited's 27 active bonds is 9.05%.

Disclaimer: This page aggregates publicly available data about Piramal 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.