Veritas Finance Ltd

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA- (CARE)
Total Debt Outstanding
₹1,080 Cr
Across 15 instruments
Listed Bonds
15
First Issue
2022-06-23
Latest Issue
2026-06-29
Maturity Range
2026 - 2030
Observation
15 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
2022-06-23
Start of this issuer's debt program timeline
  • 15 active bonds tracked from this issuer.
  • 14 of 14 tracked bonds with a stated security status are secured. (based on 14 bonds with a disclosed security status)

Operating in the financial services sector, Veritas Finance Ltd 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
15
Tracked by RetailBonds
Amount Tracked
₹1,080 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 14 of 15 bonds)
Avg Coupon
9.41%
Range 8.50% - 10.35%
Avg Remaining Tenure
2.0 Yrs
Nearest maturity 2026-11
Secured
100%
14 of 14 bonds with known status
Callable
1
Of 15 bonds
Avg Spread vs G-Sec
+386 bps
Credit premium (indicative)

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: 4 bonds, ₹325 Cr tracked, avg coupon 9.12% 4 bonds 2029 2030: 1 bond, ₹200 Cr tracked, avg coupon 8.80% 1 bond 2030

Security Type / Instrument Mix

  • NCD 15 bonds · 100% · ₹1,080 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: ₹300 Cr issued 2026 Cumulative: ₹150 Cr Cumulative: ₹205 Cr Cumulative: ₹455 Cr Cumulative: ₹780 Cr Cumulative: ₹1,080 Cr

Based on 14 of 15 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 6 bonds · 40%
  • A 9 bonds · 60%
AgencyRatingOutlookBonds
CARE A 5
CARE AA Stable 3
CARE AA- 3
CARE A Stable 2
CARE A+ 2

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE448U07240 VFPL-9.75%-28-11-26-SR-2-PVT 9.75% A (CARE) 2026-11-28
INE448U07216 9.75% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES 15 DATE OF MATURITY 25/06/2027 9.75% A+ (CARE) 2027-06-25 9.58% 2026-08-05
INE448U07273 VFL-9.65%-13-11-27-PVT 9.65% A (CARE) 2027-11-13
INE448U07281 VFL-9.65%-21-2-28-PVT 9.65% A (CARE) 2028-02-21
INE448U07232 VFPL-9.75%-28-3-28-SR-3-PVT 9.75% A (CARE) 2028-03-28
INE448U07208 VFPL-10.35%-23-06-28-PVT 10.35% A (CARE) 2028-06-23
INE448U07323 8.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES 14 DATE OF MATURITY 23/06/2028 8.50% AA- (CARE) 2028-06-23
INE448U07257 9.80% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES SERIES 17 DATE OF MATURITY 27/06/2028. 9.80% A+ (CARE) 2028-06-27
INE448U07349 8.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES 22A DATE OF MATURITY 29/06/2028 8.90% AA- (CARE) 2028-06-29
INE448U07265 VFL-9.75%-13-11-28-PVT 9.75% A (CARE) 2028-11-13
INE448U07299 VFL-9.75%-21-2-29-PVT 9.75% A (CARE) 2029-02-21
INE448U07356 9.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES 22B DATE OF MATURITY 29/06/2029 9.05% AA- (CARE) 2029-06-29
INE448U07315 VFL-8.85%-19-09-29-PVT 8.85% AA (CARE) 2029-09-19
INE448U07307 VFL-8.85%-19-09-29-PVT 8.85% AA (CARE) 2029-09-19 10.01% 2026-08-27
INE448U07331 VFL-8.80%-5-2-30-PVT 8.80% AA (CARE) 2030-02-05
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)
9
Avg. Yield (Last 30 Days)
9.87%
06 Payment Disclosures (SEBI Reg52(4)) 2 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
2026-08-27 9.80% SECURED RATED LISTED... Interest ₹8,300,000.00 ₹8,300,000.00 Paid XBRL →
2026-07-27 9.80% SECURED RATED LISTED... Interest ₹8,100,000.00 ₹8,100,000.00 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

No regulatory filings captured yet for this issuer.

08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 15 2026-03-27
Rating Actions History 0
Secondary-Market Trades 12 2026-08-27
Reg52(4) Payment Disclosures 2 2026-08-27

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 Ltd have?

Veritas Finance Ltd currently has 15 active bonds with coupons 8.50% - 10.35%, maturities spanning 2026 - 2030.

What is Veritas Finance Ltd's credit rating?

The most recent rating on Veritas Finance Ltd's bonds is AA- (CARE), published by CARE.

Are Veritas Finance Ltd's bonds secured?

Of the 14 bonds with a disclosed security status, 14 are secured (100%) and 0 are unsecured.

When do Veritas Finance Ltd's bonds mature?

Veritas Finance Ltd's active bonds mature between 2026 - 2030; the nearest matures in 2026-11; the average tenure is 2.0 Yrs.

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

The average coupon across Veritas Finance Ltd's 15 active bonds is 9.41%.

Disclaimer: This page aggregates publicly available data about Veritas Finance Ltd 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.