Hinduja Leyland Jul ’31
Hinduja Leyland Jul ’31 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.18%.
Data as of 11 Sept 2026
How this yield compares
About this bond
Hinduja Leyland Jul ’31 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 9.18%. It pays a coupon of 9.25% and matures on 9 Jul 2031, a remaining tenure of about 4.8 yr. It is rated AA+, a very high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹10.9L.
Its 9.18% yield is solid for its risk band, sitting 189th of 265 comparable Corporate bonds. That trails the Corporate median of 10.50% by 1.32 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 2.63 points for taking on credit risk. Its medium 4.8 yr horizon balances rate lock-in against flexibility. Paired with its very high safety (AA+) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Hinduja Leyland (INE146O08282) at 9%, Hinduja Leyland (INE146O08415) at 9% and Hinduja Leyland (INE146O07540) at 8.1%.
About Hinduja Leyland
Hinduja Leyland Finance Limited is the lending arm of the Hinduja Group and is closely tied to Ashok Leyland, whose commercial vehicles account for roughly a fifth of its book. Beyond that captive base it lends across vehicles, housing (through Hinduja Housing Finance), loan against property and other retail products, with a wide branch presence across India. Consolidated assets under management grew about 24.5% year on year to Rs 71,924 crore by December 2025. Group backing and the diversity of both its products and its funding sources are what the rating agencies cite as its principal strengths. Consolidated gross NPA was 2.8% as of December 2025, with net NPA at 1.6%, having improved from 3.1% a year earlier.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 9.18% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 4.8 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 9.18% | ₹1,52,747 |
| 5% slab | 8.72% | ₹1,49,675 |
| 20% slab | 7.34% | ₹1,40,750 |
| 30% slab | 6.43% | ₹1,35,039 |
At a 9.25% coupon, ₹1,00,000 of face value pays about ₹9,250 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 4.8 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the AA+ credit risk is the reason for the gap.
When you get paid
Interest lands once a year, in Oct, with about 5 payments still to come before 9 Jul 2031, each at the 9.25% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.