Best NCD to consider investing.

 

 

 

This company is the only one since FY 2024 to have not only achieved good earning records but also reflected this in its creditworthiness.

 

The Non-Convertible Debentures (NCD) of Cholamandalam Investment and Finance Company exhibit strong financials, with total income surging from Rs 12,978 Cr to Rs 19,216 Cr. Profit after tax has seen a significant rise from Rs 2,666 to Rs 3,423, and the Capital to Risk-Weighted Assets Ratio (CRAR) has improved from 17.1% to 18.6%. The company's outstanding issuance of Rs 40,000 crores solidifies its NCDs as a well-managed investment option.

 

What makes it unique?

 

It is the only NBFC NCD with a current credit rating of AA+ and a Positive outlook. Given its strong financials, the rating could be upgraded to AAA in the near future. This presents an opportunity to buy NCDs at an AA+ yield, with the potential for them to appreciate to AAA.