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Satya Microcapital 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
3 of 5 rated · ICRA, 31 Jul 2021
Total Debt Outstanding
₹755 Cr
Across 13 instruments
Active Bonds
13
First Issue
8 Jul 2019
Latest Issue
26 Jul 2024
Maturity Range
2027 - 2029
Observation
13 active bonds tracked from this issuer.
View details →
Coverage: Medium Data Quality: Medium Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 20 Aug 2026 Rating downgraded to B+ CRISIL
Issuer health card 4 items to look at
  • Current ratings ICRA BBB, CRISIL BBB, India Ratings BBB+
  • Rating range Current ratings range from BBB (CRISIL 31 Aug 2021, ICRA 31 Jul 2021) to BBB+ (CRISIL 29 Feb 2024, India Ratings 31 Aug 2024)
  • Rating direction, 12 months 0 upgrades, 1 downgrade
  • Watch / negative outlook 1 watch placement, 1 negative outlook
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 20 Aug 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 0 of 13 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Satya Microcapital 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
8 Jul 2019
Start of this issuer's debt program timeline
  • 13 active bonds tracked from this issuer.
  • 4 of 11 tracked bonds with a stated security status are secured. (based on 11 bonds with a disclosed security status)
  • Most recent rating action: downgrade by CRISIL on 20 Aug 2026.

Operating in the Financial Services sector, Satya Microcapital Limited is classified as an NBFC. Bond coupons here span 10.97% - 15.25%, paid semi-annually. The maturity ladder spans 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
13
Tracked by RetailBonds
Amount Tracked
₹755 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 9 of 13 bonds)
Avg Coupon
13.14%
Range 10.97% - 15.25%
Avg Remaining Tenure
1.5 Yrs
Nearest maturity Mar 2027
Secured
36%
4 of 11 bonds with known status
Callable
0
Of 13 bonds

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (6 bonds).

0 2027: 6 bonds, ₹168 Cr tracked, avg coupon 12.78% 6 bonds 2027 2028: 2 bonds, ₹230 Cr tracked, avg coupon 13.55% 2 bonds 2028 2029: 5 bonds, ₹356 Cr tracked, avg coupon 13.41% 5 bonds 2029

Security Type / Instrument Mix

  • NCD 13 bonds · 100% · ₹755 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2019: ₹28 Cr issued 2019 2021: ₹110 Cr issued 2021 2022: ₹30 Cr issued 2022 2023: ₹279 Cr issued 2023 2024: ₹308 Cr issued 2024 Cumulative: ₹28 Cr Cumulative: ₹138 Cr Cumulative: ₹168 Cr Cumulative: ₹448 Cr Cumulative: ₹755 Cr

Based on 9 of 13 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • BBB 10 bonds · 77%
  • Unrated 3 bonds · 23%
AgencyRatingOutlookBonds
CRISIL BBB Stable 1
CRISIL BBB+ — 1
ICRA BBB — 1
ICRA BBB Stable 1
India Ratings BBB+ Stable 1
ICRA BBB NSDL record — 3
CRISIL BBB+ NSDL record — 1
ICRA BBB+ NSDL record — 1

Recent Rating Actions

B+
Downgrade · Negative
—
Watch · Watch Negative
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE982X08067 Satya Microcapital 15.15% Mar 2027 NCD 15.15% BBB (ICRA, NSDL record 2022) 2027-03-15 — —
INE982X08059 Satya Microcapital 14.75% May 2027 NCD 14.75% BBB (ICRA, NSDL record 2021) 2027-05-21 — —
INE982X07150 Satya Microcapital 11.68% Jun 2027 NCD 11.68% BBB (ICRA) 2027-06-30 — —
INE982X07168 Satya Microcapital 11.72% Jul 2027 NCD 11.72% BBB (ICRA) 2027-07-02 — —
INE982X07176 Satya Microcapital 11.70% Aug 2027 NCD 11.70% BBB (CRISIL) 2027-08-12 — —
INE982X07457 Satya Microcapital 11.70% Nov 2027 NCD 11.70% BBB (ICRA, NSDL record 2019) 2027-11-22 — —
INE982X07374 Satya Microcapital 11.85% Mar 2028 NCD 11.85% — 2028-03-14 — —
INE982X08083 Satya Microcapital 15.25% Jul 2028 NCD 15.25% BBB+ (ICRA, NSDL record 2023) 2028-07-03 — —
IN8982X08017 Satya Microcapital 14.20% Apr 2029 NCD 14.20% — 2029-04-30 — —
INE982X08091 Satya Microcapital 14.20% Apr 2029 NCD 14.20% BBB+ (CRISIL, NSDL record 2023) 2029-04-30 — —
INE982X08109 Satya Microcapital 13.85% Jul 2029 NCD 13.85% BBB+ (CRISIL) 2029-07-12 — —
IN8982X08025 Satya Microcapital 13.85% Jul 2029 NCD 13.85% — 2029-07-12 — —
INE982X07432 Satya Microcapital 10.97% Jul 2029 NCD 10.97% BBB+ (India Ratings) 2029-07-26 — —
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

No recorded secondary-market trades in the last 30 days.

06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 10 2024-08-31
Rating Actions History 2 2026-08-20
Secondary-Market Trades 0 —
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 Satya Microcapital Limited have?

Satya Microcapital Limited currently has 13 active bonds with coupons of 10.97% - 15.25%, maturities spanning 2027 - 2029.

What is Satya Microcapital Limited's credit rating?

The most common current rating on Satya Microcapital Limited's senior bonds is BBB (ICRA). Ratings on file come from CRISIL, ICRA, India Ratings.

Are Satya Microcapital Limited's bonds secured?

Of the 11 bonds with a disclosed security status, 4 are secured (36%) and 7 are unsecured.

When do Satya Microcapital Limited's bonds mature?

Satya Microcapital Limited's active bonds mature between 2027 - 2029; the nearest matures in Mar 2027; the average tenure is 1.5 Yrs.

What is the average coupon on Satya Microcapital Limited's bonds?

The average coupon across Satya Microcapital Limited's 13 active bonds is 13.14%.

Disclaimer: This page aggregates publicly available data about Satya Microcapital 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.