Muthoot Capital Services Limited

Muthoot Capital Services Limited is an Indian company in the BFSI industry with 18 outstanding bonds (ISINs) recorded on this page. It is also the originator behind 17 outstanding pass-through certificates (PTCs) in 12 securitisation trusts: Atreides 2W 2024, Indigo 029, Indigo 041, Indigo 043, Indigo 049, Jolteon 05 2025 and 6 more. Stated coupons on its fixed-rate bonds range from 8.4% to 10.75% a year. Maturity dates run from 20 Nov 2026 to 17 Oct 2031. NSDL records 17 of the 18 whose terms it holds as secured. Latest credit ratings on record: ICRA AA- (Stable) (action dated 30 Oct 2026); CRISIL AA- (Stable) (action dated 1 Oct 2026). Verify current terms against the official documents linked on this page.

Data as of 13 Nov 2026 (snapshot 20261113-2049) · How this page is compiled

Issuer overview

Outstanding pass-through certificates (ISINs)
17
Pass-through schemes
Atreides 2W 2024, Indigo 029, Indigo 041, Indigo 043, Indigo 049, Jolteon 05 2025, Montana 09 2024, Newport 03 2025 and 4 more
Legal name
Muthoot Capital Services Limited
CIN
L67120KL1994PLC007726
LEI
335800CWPDE3KW9Y5M07
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
ISIN issuer codes
INE296G, INE0S87, INE0UP7, INE14EK, INE18JG, INE1KZV, INE1PUF, INE1V2C, INE21AO, INE27QL, INE2DNY, INE2S0K, INE2U89
Outstanding bonds (ISINs)
18 (plus 17 matured)
Stated coupons (fixed rate)
8.4% – 10.75%
Maturity dates
20 Nov 2026 – 17 Oct 2031
Secured (NSDL)
17 of 18
Combined issue size of outstanding bonds
₹1,866 crore
Traded on
BSE, NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Muthoot Capital Services bonds: ISIN, coupon and maturity

18 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE296G07218 NCD 10% Yearly 21 Nov 2024 20 Nov 2026 ₹10,000 50.00 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07226 NCD 10.4% Yearly 2 Dec 2024 2 Dec 2026 ₹25,000 110 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07234 NCD 9.5% Yearly 12 Dec 2024 12 Dec 2026 ₹1,00,000 81.00 Secured None recorded BSE CRISIL AA- 9 Jun 2026
INE296G07135 NCD 10% Yearly 28 Dec 2023 28 Dec 2026 ₹1,00,000 100 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07259 NCD 10% Yearly 28 Jan 2025 28 Jan 2027 ₹10,000 100 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07143 NCD 10% Yearly 19 Mar 2024 19 Mar 2027 ₹1,00,000 100 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07283 NCD 10.35% Yearly 8 Jul 2025 3 Apr 2027 ₹85,714.29 100 Secured None recorded — ICRA AA- 30 Oct 2026
INE296G07150 NCD 10% Yearly 16 May 2024 16 May 2027 ₹1,00,000 75.00 Secured None recorded BSE CRISIL AA- 9 Jun 2026
INE296G07275 NCD 10% Yearly 17 Jun 2025 17 Jun 2027 ₹1,00,000 50.00 Secured None recorded BSE ICRA AA- 30 Oct 2026
INE296G07291 NCD 9.5% Yearly 23 Jul 2025 23 Jul 2027 ₹1,00,000 125 Secured None recorded BSE CRISIL AA- 9 Jun 2026
INE296G07309 NCD 10% Yearly 29 Jul 2025 29 Jul 2027 ₹1,00,000 150 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07267 NCD 10% Yearly 27 Feb 2025 25 Feb 2028 ₹1,00,000 50.00 Secured None recorded — CRISIL AA- 9 Jun 2026
INE296G07325 NCD 9.25% Quarterly 30 Jun 2026 30 Jun 2028 ₹1,00,000 150 Secured None recorded BSE CRISIL AA- 18 Jun 2026
INE296G07341 NCD 9.25% Quarterly 23 Sep 2026 22 Sep 2028 ₹1,00,000 150 Secured None recorded BSE CRISIL AA- 15 Sep 2026
INE296G07333 NCD 9.25% Yearly 24 Aug 2026 24 Aug 2029 ₹10,000 100 Secured None recorded BSE CRISIL AA- 14 Aug 2026
INE296G07358 NCD 9.25% Yearly 14 Oct 2026 15 Oct 2029 ₹10,000 200 Secured None recorded BSE CRISIL AA- 1 Oct 2026
INE296G08026 NCD 10.75% Yearly 30 Sep 2025 28 Mar 2031 ₹10,000 25.00 Unsecured None recorded BSE CRISIL AA- 9 Jun 2026
INE296G07317 Bond (NCD) 8.4% Yearly 17 Oct 2025 17 Oct 2031 ₹81,944.43 150 Secured Partially guaranteed NSE CRISIL AA+ (CE) 23 Oct 2025
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Muthoot Capital Services pass-through certificates (PTCs): schemes, ISINs and maturity

17 outstanding PTCs in 12 schemes · by scheme, then maturity

Scheme ISIN Series Coupon Maturity Interest Trustee Traded on Rating (NSDL)
Atreides 2W 2024 INE0UP715029 Equity Tranche — 15 May 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 029 INE14EK15029 Equity Tranche 100% 15 Nov 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 041 INE1PUF15013 Series A1(a) 9.3% 20 Aug 2028 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 041 INE1PUF15021 Series A1(b) 9.9% 20 Aug 2028 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 041 INE1PUF15039 Series A2 — 20 Aug 2028 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 043 INE2DNY15013 Series A1(a) 9.08% 20 Dec 2029 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 043 INE2DNY15021 Series A1(b) 9.9% 20 Dec 2029 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 043 INE2DNY15039 Series A2 — 20 Dec 2029 As per payout schedule Catalyst Trusteeship Limited Not traded —
Indigo 049 INE2S0K15031 Series A2 — 20 Jul 2030 As per payout schedule Catalyst Trusteeship Limited Not traded —
Jolteon 05 2025 INE21AO15024 Equity Tranche 100% 23 Nov 2028 As per payout schedule Catalyst Trusteeship Limited Not traded —
Montana 09 2024 INE18JG15027 Equity Tranche 100% 19 Dec 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Newport 03 2025 INE1V2C15022 Equity Tranche 100% 19 Sep 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Pegasus 11 2023 INE0S8715029 Equity Tranche — 15 May 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Springfield 01 2025 INE1KZV15028 Equity Tranche — 19 Jul 2028 As per payout schedule Catalyst Trusteeship Limited Not traded —
Summit 2025 INE27QL15015 Series A1a 8.65% 23 Nov 2028 As per payout schedule Mitcon Credentia Trusteeship Services Limited Not traded —
Summit 2025 INE27QL15031 Series A2 11% 24 Nov 2028 — Mitcon Credentia Trusteeship Services Limited Not traded —
Umbreon 03 2026 INE2U8915027 Equity Tranche — 20 Jul 2030 As per payout schedule Catalyst Trusteeship Limited Not traded —
Notes on this table

Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.

Muthoot Capital Services credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA AA- Stable Upgrade 30 Oct 2026 2 Verified by NSDL · Checked 7 Nov 2026
CRISIL AA- Stable New 1 Oct 2026 16 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
30 Oct 2026 ICRA AA- Stable Upgrade
1 Oct 2026 CRISIL AA- Stable New
15 Sep 2026 CRISIL AA- Stable New
14 Aug 2026 CRISIL AA- Stable New
18 Jun 2026 CRISIL AA- Stable New
9 Jun 2026 CRISIL AA- Stable Upgrade
25 Nov 2025 ICRA A+ Stable Reaffirm
23 Oct 2025 CRISIL AA+ (CE) Stable Reaffirm
25 Sep 2025 CRISIL A+ Positive Reaffirm
23 Sep 2025 CRISIL AA+ (CE) Stable New
24 Jul 2025 CRISIL A+ Stable New
5 Jun 2025 CRISIL A+ Stable New
17 Feb 2025 ICRA A+ Stable New
23 Dec 2024 CRISIL A+ Stable New
19 Nov 2024 CRISIL A+ Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
14 Oct 2026 INE296G07358 15 Oct 2029 Placement memorandum on BSE
23 Sep 2026 INE296G07341 22 Sep 2028 Placement memorandum on BSE
24 Aug 2026 INE296G07333 24 Aug 2029 Placement memorandum on BSE
30 Jun 2026 INE296G07325 30 Jun 2028 Placement memorandum on BSE
30 Sep 2025 INE296G08026 28 Mar 2031 Placement memorandum on BSE
29 Jul 2025 INE296G07309 29 Jul 2027 Placement memorandum on BSE
23 Jul 2025 INE296G07291 23 Jul 2027 Placement memorandum on BSE
8 Jul 2025 INE296G07283 3 Apr 2027 Placement memorandum on BSE
17 Jun 2025 INE296G07275 17 Jun 2027 Placement memorandum on BSE
9 Jun 2025 INE296G07218 20 Nov 2026 Placement memorandum on BSE
27 Feb 2025 INE296G07267 25 Feb 2028 Placement memorandum on BSE
28 Jan 2025 INE296G07259 28 Jan 2027 Placement memorandum on BSE
27 Dec 2024 INE296G07242 27 Jun 2026 Placement memorandum on BSE
12 Dec 2024 INE296G07234 12 Dec 2026 Placement memorandum on BSE
2 Dec 2024 INE296G07226 2 Dec 2026 Placement memorandum on BSE
21 Nov 2024 INE296G07218 20 Nov 2026 Placement memorandum on BSE
5 Nov 2024 INE296G07200 5 Dec 2025 Placement memorandum on BSE
29 Oct 2024 INE296G07192 29 Oct 2026 Placement memorandum on BSE
12 Sep 2024 INE296G07184 12 Mar 2026 Placement memorandum on BSE
2 Sep 2024 INE296G07176 2 Mar 2026 Placement memorandum on BSE
12 Jun 2024 INE296G07168 12 Jun 2026 Placement memorandum on BSE
16 May 2024 INE296G07150 16 May 2027 Placement memorandum on BSE
19 Mar 2024 INE296G07143 19 Mar 2027 Placement memorandum on BSE
28 Dec 2023 INE296G07135 28 Dec 2026 Placement memorandum on BSE
19 Jun 2023 INE296G07127 31 May 2025 Placement memorandum on BSE
8 Mar 2023 INE296G07101 31 May 2024 Placement memorandum on BSE
7 Jan 2023 INE296G07093 6 Jan 2026 Placement memorandum on BSE
7 Jan 2023 INE296G07077 6 Jan 2025 Placement memorandum on BSE
7 Jan 2023 INE296G07085 6 Apr 2024 Placement memorandum on BSE
6 Oct 2022 INE296G08018 6 Oct 2024 Placement memorandum on BSE
19 Nov 2020 INE296G07051 19 May 2022 Placement memorandum on BSE
24 Sep 2020 INE296G07044 24 Mar 2022 Placement memorandum on BSE
22 Sep 2020 INE296G07036 22 Mar 2022 Placement memorandum on BSE
20 Aug 2020 INE296G07028 20 Feb 2022 Placement memorandum on BSE
25 Jun 2020 INE296G07010 21 Apr 2023 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Muthoot Capital Services bonds: questions and answers

What bonds has Muthoot Capital Services Limited issued?

Muthoot Capital Services Limited has 18 outstanding bonds recorded on this page. By type, as described by NSDL: 17 NCDs, 1 bond (ncd). 17 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Muthoot Capital Services Limited bonds?

Its 18 outstanding bonds each have their own ISIN, for example INE296G07218, INE296G07226, INE296G07234. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE296G / INE0S87 / INE0UP7 / INE14EK / INE18JG / INE1KZV / INE1PUF / INE1V2C / INE21AO / INE27QL / INE2DNY / INE2S0K / INE2U89.

What coupon rates do Muthoot Capital Services Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 8.4% to 10.75% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Muthoot Capital Services Limited bonds mature?

Its outstanding bonds have maturity dates from 20 Nov 2026 to 17 Oct 2031. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Muthoot Capital Services Limited bonds?

NSDL India Bond Info records ICRA AA- (Stable) (action dated 30 Oct 2026); CRISIL AA- (Stable) (action dated 1 Oct 2026) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Muthoot Capital Services Limited bonds secured, unsecured or guaranteed?

NSDL records 17 of the 18 outstanding bonds whose terms it holds as secured and 1 as unsecured. One is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for Muthoot Capital Services Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Muthoot Capital Services Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Which pass-through schemes are listed under Muthoot Capital Services Limited?

Muthoot Capital Services Limited has 12 schemes with outstanding pass-through certificates on this page: Atreides 2W 2024, Indigo 029, Indigo 041, Indigo 043, Indigo 049, Jolteon 05 2025, Montana 09 2024, Newport 03 2025, Pegasus 11 2023, Springfield 01 2025, Summit 2025 and Umbreon 03 2026, with 17 outstanding PTC ISINs in all.

What is a pass-through certificate (PTC)?

A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.

Sources and dates

Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 13 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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