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Sindhuja Microcredit Private Limited — Bonds & BBB (India Ratings) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
BBB (India Ratings)
Most common current rating on senior bonds
1 of 1 rated · India Ratings, 30 Sep 2026
Total Debt Outstanding
₹372 Cr
Across 13 instruments
Active Bonds
13
First Issue
28 Dec 2023
Latest Issue
22 Sep 2026
Maturity Range
2026 - 2031
Observation
13 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings India Ratings BBB
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 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 1 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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.

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01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
28 Dec 2023
Start of this issuer's debt program timeline
  • 13 active bonds tracked from this issuer.
  • 9 of 13 tracked bonds with a stated security status are secured. (based on 13 bonds with a disclosed security status)

Operating in the Financial Services sector, Sindhuja Microcredit Private Limited is classified as an NBFC. Bond coupons here span 11.75% - 14.20%, paid monthly. The maturity ladder spans 2026 - 2031.

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
₹372 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
12.58%
Range 11.75% - 14.20%
Avg Remaining Tenure
1.4 Yrs
Nearest maturity Dec 2026
Secured
69%
9 of 13 bonds with known status
Callable
0
Of 13 bonds
Avg Spread vs G-Sec
+572 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 (6 bonds).

0 2026: 1 bond, ₹31 Cr tracked, avg coupon 12.94% 1 bond 2026 2027: 5 bonds, ₹51 Cr tracked, avg coupon 12.00% 5 bonds 2027 2028: 6 bonds, ₹266 Cr tracked, avg coupon 12.53% 6 bonds 2028 2031: 1 bond, ₹23 Cr tracked, avg coupon 14.20% 1 bond 2031

Security Type / Instrument Mix

  • NCD 13 bonds · 100% · ₹372 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹31 Cr issued 2023 2025: ₹158 Cr issued 2025 2026: ₹183 Cr issued 2026 Cumulative: ₹31 Cr Cumulative: ₹188 Cr Cumulative: ₹372 Cr

Based on 13 of 13 active bonds with a known issue date and issue size.

03 Credit Profile
  • BBB 5 bonds · 38%
  • Unrated 8 bonds · 62%
AgencyRatingOutlookBonds
India Ratings BBB Stable 1
India Ratings BBB NSDL record — 4

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE0FWI07062 Sindhuja Microcredit 12.94% Dec 2026 NCD 12.94% — 2026-12-15 — —
INE0FWI08011 Sindhuja Microcredit 12.00% Jan 2027 NCD 12.00% — 2027-01-01 — —
INE0FWI08029 Sindhuja Microcredit 12.00% Aug 2027 NCD 12.00% — 2027-08-18 — —
INE0FWI07120 Sindhuja Microcredit Oct 2027 NCD — — 2027-10-23 — —
INE0FWI08037 Sindhuja Microcredit 12.00% Nov 2027 NCD 12.00% — 2027-11-20 — —
INE0FWI07138 Sindhuja Microcredit Nov 2027 NCD — — 2027-11-25 — —
INE0FWI07104 Sindhuja Microcredit 13.00% Jan 2028 NCD 13.00% BBB (India Ratings, NSDL record 2025) 2028-01-27 — —
INE0FWI07096 Sindhuja Microcredit 12.30% Apr 2028 NCD 12.30% BBB (India Ratings, NSDL record 2025) 2028-04-23 — —
INE0FWI07088 Sindhuja Microcredit 12.30% May 2028 NCD 12.30% BBB (India Ratings, NSDL record 2025) 2028-05-23 — —
INE0FWI07153 Sindhuja Microcredit 11.75% Jun 2028 NCD 11.75% BBB (India Ratings) 2028-06-26 12.64% 2026-11-06
INE0FWI07146 Sindhuja Microcredit Jul 2028 NCD — — 2028-07-15 — —
INE0FWI07112 Sindhuja Microcredit 13.30% Dec 2028 NCD 13.30% BBB (India Ratings, NSDL record 2025) 2028-12-15 — —
INE0FWI08045 Sindhuja Microcredit 14.20% Dec 2031 NCD 14.20% — 2031-12-31 — —
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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)
14
Avg. Yield (Last 30 Days)
12.47%
06 Regulatory Filings

No regulatory filings captured yet for this issuer.

07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 5 2026-09-30
Rating Actions History 0 —
Secondary-Market Trades 19 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 Sindhuja Microcredit Private Limited have?

Sindhuja Microcredit Private Limited currently has 13 active bonds with coupons of 11.75% - 14.20%, maturities spanning 2026 - 2031.

What is Sindhuja Microcredit Private Limited's credit rating?

The most common current rating on Sindhuja Microcredit Private Limited's senior bonds is BBB (India Ratings). Ratings on file come from India Ratings.

Are Sindhuja Microcredit Private Limited's bonds secured?

Of the 13 bonds with a disclosed security status, 9 are secured (69%) and 4 are unsecured.

When do Sindhuja Microcredit Private Limited's bonds mature?

Sindhuja Microcredit Private Limited's active bonds mature between 2026 - 2031; the nearest matures in Dec 2026; the average tenure is 1.4 Yrs.

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

The average coupon across Sindhuja Microcredit Private Limited's 13 active bonds is 12.58%.

Disclaimer: This page aggregates publicly available data about Sindhuja Microcredit 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.