Midland Microfin Bonds
4 bonds issued by Midland Microfin, listed across Indian platforms and sorted by yield to maturity (YTM). Compare YTM, coupon, tenure, credit rating and minimum investment.
About Midland Microfin
Midland Microfin Limited is a Punjab-based microfinance lender operating 526 branches across 249 districts in 15 states and two union territories, with assets under management of Rs 2,340 crore as of September 2025. Its top five states still account for 79% of the book. Capitalisation is adequate, with a capital adequacy ratio of 33.37% and gearing of 3.7 times, supported by equity infusions of Rs 113 crore in FY25 and a further Rs 21.14 crore in the first half of FY26 from existing shareholders. The company is under strain: CARE carries a negative outlook on rising delinquencies and deteriorating asset quality that has hurt profitability, and the gross stressed book, which counts non-performing assets, security receipts and stage-two assets together, rose from 14.24% in March 2025 to 16.6% by September 2025. Fresh NPA additions were Rs 222 crore in FY25 and a further Rs 76 crore in the first half of FY26.
- AUM
- Rs 2,340 crore
- Capital adequacy
- 33.37%
Figures as of 30 Sep 2025. Rated by CARE. Source: rating rationale.
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Plan your bond ladderWho is Midland Microfin?
Midland Microfin Limited is a Punjab-based microfinance lender operating 526 branches across 249 districts in 15 states and two union territories, with assets under management of Rs 2,340 crore as of September 2025. Its top five states still account for 79% of the book. Capitalisation is adequate, with a capital adequacy ratio of 33.37% and gearing of 3.7 times, supported by equity infusions of Rs 113 crore in FY25 and a further Rs 21.14 crore in the first half of FY26 from existing shareholders. The company is under strain: CARE carries a negative outlook on rising delinquencies and deteriorating asset quality that has hurt profitability, and the gross stressed book, which counts non-performing assets, security receipts and stage-two assets together, rose from 14.24% in March 2025 to 16.6% by September 2025. Fresh NPA additions were Rs 222 crore in FY25 and a further Rs 76 crore in the first half of FY26.
Is it safe to invest in Midland Microfin bonds?
Midland Microfin's listed bonds carry an A- / BBB+ credit rating from CARE; as of 30 Sep 2025 the company reported AUM of Rs 2,340 crore and capital adequacy of 33.37%. A credit rating measures the chance of default, not price stability, and corporate bonds are not covered by DICGC deposit insurance. Read the issuer's latest rating rationale before you invest.
What yield do Midland Microfin bonds offer right now?
As of Sept 2026, the 4 listed Midland Microfin bonds yield between 9.5% and 12.1% (average 11.3%), against roughly 6-7% on a comparable bank FD.