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Progfin 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
8 of 9 rated · ICRA, 30 Sep 2026
Total Debt Outstanding
₹1,174 Cr
Across 18 instruments
Active Bonds
18
First Issue
2 Apr 2024
Latest Issue
19 Oct 2026
Maturity Range
2026 - 2028
Observation
18 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings ICRA BBB+, ICRA BBB
  • Rating range Current ratings range from BBB (ICRA 30 Apr 2026) to BBB+ (ICRA 30 Sep 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 7 of 18 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Progfin 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
2 Apr 2024
Start of this issuer's debt program timeline
  • 18 active bonds tracked from this issuer.
  • 16 of 16 tracked bonds with a stated security status are secured. (based on 16 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 15 Oct 2026.

Operating in the Financial Services sector, Progfin Private Limited is classified as an NBFC. Bond coupons here span 5.50% - 13.00%, paid monthly. The maturity ladder spans 2026 - 2028.

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
18
Tracked by RetailBonds
Amount Tracked
₹1,174 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 16 of 18 bonds)
Avg Coupon
10.94%
Range 5.50% - 13.00%
Avg Remaining Tenure
0.9 Yrs
Nearest maturity Dec 2026
Secured
100%
16 of 16 bonds with known status
Callable
1
Of 18 bonds
Avg Spread vs G-Sec
+467 bps
Credit premium, from 7 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (11 bonds).

0 2026: 1 bond, ₹30 Cr tracked, avg coupon 12.75% 1 bond 2026 2027: 11 bonds, ₹779 Cr tracked, avg coupon 10.80% 11 bonds 2027 2028: 6 bonds, ₹365 Cr tracked, avg coupon 10.92% 6 bonds 2028

Security Type / Instrument Mix

  • NCD 18 bonds · 100% · ₹1,174 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2024: ₹77 Cr issued 2024 2025: ₹392 Cr issued 2025 2026: ₹705 Cr issued 2026 Cumulative: ₹77 Cr Cumulative: ₹469 Cr Cumulative: ₹1,174 Cr

Based on 16 of 18 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • BBB 13 bonds · 72%
  • Unrated 5 bonds · 28%
AgencyRatingOutlookBonds
ICRA BBB+ — 5
ICRA BBB+ Stable 3
ICRA BBB Stable 1
CRISIL BBB NSDL record — 4

Recent Rating Actions

15 Oct 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0MYJ07096 Progfin 12.75% Dec 2026 NCD 12.75% — 2026-12-07 — —
INE0MYJ07138 Progfin 11.00% Jan 2027 NCD 11.00% BBB+ (ICRA) 2027-01-13 — 2026-09-16
INE0MYJ07120 Progfin 11.00% Jan 2027 NCD 11.00% BBB+ (ICRA) 2027-01-26 — 2026-08-20
INE0MYJ07104 Progfin 11.00% Mar 2027 NCD 11.00% BBB (CRISIL, NSDL record 2025) 2027-03-28 — —
INE0MYJ07013 Progfin 5.50% Apr 2027 NCD 5.50% — 2027-04-02 — —
INE0MYJ07062 Progfin 12.50% Jun 2027 NCD 12.50% BBB (CRISIL, NSDL record 2024) 2027-06-13 — —
INE0MYJ07153 Progfin 12.25% Jun 2027 NCD 12.25% — 2027-06-30 — —
INE0MYJ07146 Progfin 11.15% Jul 2027 NCD 11.15% BBB+ (ICRA) 2027-07-29 — —
INE0MYJ07179 Progfin 11.00% Jul 2027 NCD 11.00% BBB+ (ICRA) 2027-07-30 — 2026-07-08
INE0MYJ07161 Progfin 10.00% Jul 2027 NCD 10.00% BBB+ (ICRA) 2027-07-30 11.25% 2026-11-03
INE0MYJ07039 Progfin 12.85% Nov 2027 NCD 12.85% BBB (CRISIL, NSDL record 2024) 2027-11-25 — —
INE0MYJ07187 Progfin 10.50% Dec 2027 NCD 10.50% BBB (ICRA) 2027-12-30 11.50% 2026-11-05
INE0MYJ07203 Progfin 10.00% Jan 2028 NCD 10.00% BBB+ (ICRA) 2028-01-02 11.50% 2026-11-05
INE0MYJ07195 Progfin 11.00% Mar 2028 NCD 11.00% BBB+ (ICRA) 2028-03-05 11.49% 2026-11-05
INE0MYJ07211 Progfin 10.70% Mar 2028 NCD 10.70% BBB+ (ICRA) 2028-03-24 11.78% 2026-11-06
INE0MYJ07229 Progfin 9.80% Apr 2028 NCD 9.80% — 2028-04-13 11.80% 2026-11-06
INE0MYJ07237 Progfin 11.00% May 2028 NCD 11.00% — 2028-05-19 11.82% 2026-11-06
INE0MYJ07070 Progfin 13.00% Sep 2028 NCD 13.00% BBB (CRISIL, NSDL record 2024) 2028-09-30 — —
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)
78
Avg. Yield (Last 30 Days)
11.57%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 13 2026-09-30
Rating Actions History 1 2026-10-15
Secondary-Market Trades 185 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 Progfin Private Limited have?

Progfin Private Limited currently has 18 active bonds with coupons of 5.50% - 13.00%, maturities spanning 2026 - 2028.

What is Progfin Private Limited's credit rating?

The most common current rating on Progfin Private Limited's senior bonds is BBB+ (ICRA). Ratings on file come from ICRA.

Are Progfin Private Limited's bonds secured?

Of the 16 bonds with a disclosed security status, 16 are secured (100%) and 0 are unsecured.

When do Progfin Private Limited's bonds mature?

Progfin Private Limited's active bonds mature between 2026 - 2028; the nearest matures in Dec 2026; the average tenure is 0.9 Yrs.

What is the average coupon on Progfin Private Limited's bonds?

The average coupon across Progfin Private Limited's 18 active bonds is 10.94%.

Disclaimer: This page aggregates publicly available data about Progfin 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.