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Veritas Finance Limited — Bonds & AA (CARE) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CARE)
Most common current rating on senior bonds
14 of 15 rated · CARE, 13 Oct 2026
Total Debt Outstanding
₹1,320 Cr
Across 16 instruments
Active Bonds
16
First Issue
23 Jun 2022
Latest Issue
28 Sep 2026
Maturity Range
2026 - 2030
Observation
16 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card 1 item to look at
  • Current ratings CARE AA, CARE A
  • Rating range Current ratings range from A (CARE 30 Jun 2022) to AA (CARE 13 Oct 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 13 Oct 2026
  • Payment record 4 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 3 of 16 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Veritas Finance 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
23 Jun 2022
Start of this issuer's debt program timeline
  • 16 active bonds tracked from this issuer.
  • 15 of 15 tracked bonds with a stated security status are secured. (based on 15 bonds with a disclosed security status)
  • Most recent rating action: reaffirm by CARE on 13 Oct 2026.

Operating in the Financial Services sector, Veritas Finance Limited is classified as an NBFC. Bond coupons here span 8.50% - 10.35%, paid quarterly. The maturity ladder spans 2026 - 2030.

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
16
Tracked by RetailBonds
Amount Tracked
₹1,320 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 15 of 16 bonds)
Avg Coupon
9.38%
Range 8.50% - 10.35%
Avg Remaining Tenure
1.8 Yrs
Nearest maturity Nov 2026
Secured
100%
15 of 15 bonds with known status
Callable
1
Of 16 bonds
Avg Spread vs G-Sec
+239 bps
Credit premium, from 2 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2026: 1 bond, ₹25 Cr tracked, avg coupon 9.75% 1 bond 2026 2027: 2 bonds, ₹105 Cr tracked, avg coupon 9.70% 2 bonds 2027 2028: 7 bonds, ₹425 Cr tracked, avg coupon 9.53% 7 bonds 2028 2029: 5 bonds, ₹565 Cr tracked, avg coupon 9.09% 5 bonds 2029 2030: 1 bond, ₹200 Cr tracked, avg coupon 8.80% 1 bond 2030

Security Type / Instrument Mix

  • NCD 16 bonds · 100% · ₹1,320 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2022: ₹150 Cr issued 2022 2023: ₹55 Cr issued 2023 2024: ₹250 Cr issued 2024 2025: ₹325 Cr issued 2025 2026: ₹540 Cr issued 2026 Cumulative: ₹150 Cr Cumulative: ₹205 Cr Cumulative: ₹455 Cr Cumulative: ₹780 Cr Cumulative: ₹1,320 Cr

Based on 15 of 16 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 15 bonds · 94%
  • A 1 bond · 6%
AgencyRatingOutlookBonds
CARE AA — 14
CARE A — 1
CARE AA- NSDL record — 1

Recent Rating Actions

13 Oct 2026 · CARE
AA
Reaffirmed · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE448U07240 Veritas Finance 9.75% Nov 2026 NCD 9.75% AA (CARE) 2026-11-28 — 2026-10-22
INE448U07216 Veritas Finance 9.75% Jun 2027 NCD 9.75% AA (CARE) 2027-06-25 — 2026-08-05
INE448U07273 Veritas Finance 9.65% Nov 2027 NCD 9.65% AA (CARE) 2027-11-13 — —
INE448U07281 Veritas Finance 9.65% Feb 2028 NCD 9.65% AA (CARE) 2028-02-21 — —
INE448U07232 Veritas Finance 9.75% Mar 2028 NCD 9.75% AA (CARE) 2028-03-28 — —
INE448U07208 Veritas Finance 10.35% Jun 2028 NCD 10.35% A (CARE) 2028-06-23 — —
INE448U07323 Veritas Finance 8.50% Jun 2028 NCD 8.50% AA- (CARE, NSDL record 2025) 2028-06-23 — —
INE448U07257 Veritas Finance 9.80% Jun 2028 NCD 9.80% AA (CARE) 2028-06-27 — —
INE448U07349 Veritas Finance 8.90% Jun 2028 NCD 8.90% AA (CARE) 2028-06-29 — —
INE448U07265 Veritas Finance 9.75% Nov 2028 NCD 9.75% AA (CARE) 2028-11-13 — —
INE448U07299 Veritas Finance 9.75% Feb 2029 NCD 9.75% AA (CARE) 2029-02-21 — —
INE448U07364 Veritas Finance 8.95% Jun 2029 NCD 8.95% AA (CARE) 2029-06-28 9.10% 2026-11-05
INE448U07356 Veritas Finance 9.05% Jun 2029 NCD 9.05% AA (CARE) 2029-06-29 — —
INE448U07315 Veritas Finance 8.85% Sep 2029 NCD 8.85% AA (CARE) 2029-09-19 — —
INE448U07307 Veritas Finance 8.85% Sep 2029 NCD 8.85% AA (CARE) 2029-09-19 9.75% 2026-11-06
INE448U07331 Veritas Finance 8.80% Feb 2030 NCD 8.80% AA (CARE) 2030-02-05 — —
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)
14
Avg. Yield (Last 30 Days)
9.58%
06 Payment Disclosures (SEBI Reg52(4)) 4 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
27 Oct 2026 9.80% SECURED RATED LISTED... Interest ₹81,00,000.00 ₹81,00,000.00 Paid XBRL →
27 Sep 2026 9.80% SECURED RATED LISTED... Interest ₹83,00,000.00 ₹83,00,000.00 Paid XBRL →
27 Aug 2026 9.80% SECURED RATED LISTED... Interest ₹83,00,000.00 ₹83,00,000.00 Paid XBRL →
27 Jul 2026 9.80% SECURED RATED LISTED... Interest ₹81,00,000.00 ₹81,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings

No regulatory filings captured yet for this issuer.

08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 16 2026-10-13
Rating Actions History 1 2026-10-13
Secondary-Market Trades 41 2026-11-06
Reg52(4) Payment Disclosures 4 2026-10-27

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

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

Veritas Finance Limited currently has 16 active bonds with coupons of 8.50% - 10.35%, maturities spanning 2026 - 2030.

What is Veritas Finance Limited's credit rating?

The most common current rating on Veritas Finance Limited's senior bonds is AA (CARE). Ratings on file come from CARE.

Are Veritas Finance Limited's bonds secured?

Of the 15 bonds with a disclosed security status, 15 are secured (100%) and 0 are unsecured.

When do Veritas Finance Limited's bonds mature?

Veritas Finance Limited's active bonds mature between 2026 - 2030; the nearest matures in Nov 2026; the average tenure is 1.8 Yrs.

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

The average coupon across Veritas Finance Limited's 16 active bonds is 9.38%.

Disclaimer: This page aggregates publicly available data about Veritas 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.