Piramal Finance Limited
Piramal Finance Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.9%.
Data as of 26 Oct 2026
How this yield compares
About this bond
Piramal Finance Limited is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.9%. It pays a coupon of 6.75% and matures on 26 Sept 2031, a remaining tenure of about 4.9 yr. It is rated AA, a high credit-safety grade. EquiRize lists this bond with a minimum investment of ₹72K.
Its 8.9% yield is solid for its risk band, toward the lower end at 251st of 315 Corporate bonds. That trails the Corporate median of 10.40% by 1.50 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 2.35 points for taking on credit risk. Its medium 4.9 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 PIRAMAL FINANCE (INE202B07JT0) at 8%, Muthoot Fincorp (INE549K08590) at 10.5% and Muthoot Fincorp (INE549K08632) at 10.4%.
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 8.9% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 4.9 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.90% | ₹1,52,078 |
| 5% slab | 8.46% | ₹1,49,047 |
| 20% slab | 7.12% | ₹1,40,241 |
| 30% slab | 6.23% | ₹1,34,604 |
At a 6.75% coupon, ₹1,00,000 of face value pays about ₹6,750 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 4.9 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.
