It has matured, sold out, or been delisted from the platforms we track, last seen on 16 Jun 2026. The details below are kept as a record of the issue. Compare bonds available now →
Piramal Finance
How this yield compares
About this bond
Piramal Finance is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.25%. It pays a coupon of 8.75% and matures on 29 Oct 2027, a remaining tenure of about 1.2 yr. It is rated AA, a high credit-safety grade. WintWealth lists this bond with a minimum investment of ₹1.1L.
Its 8.25% yield is solid for its risk band, toward the lower end at 161st of 175 Corporate bonds. That trails the Corporate median of 10.75% by 2.50 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.50%, so this bond adds roughly 1.75 points for taking on credit risk. Its short 1.2 yr horizon locks the rate for only a few years, limiting reinvestment risk. 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 Piramal Finance (INE516Y07444) at 9%, Muthoot Fincorp (INE549K08509) at 10.5% and Muthoot Fincorp (INE549K08590) at 10.5%.
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 8.25% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 1.2 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.25% | ₹1,10,365 |
| 5% slab | 7.84% | ₹1,09,842 |
| 20% slab | 6.60% | ₹1,08,276 |
| 30% slab | 5.77% | ₹1,07,234 |
At a 8.75% coupon, ₹1,00,000 of face value pays about ₹8,750 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 1.2 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.50%.
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.