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ARKA FINCAP LIMITED
Sector Focus
Diversified NBFC
Highest Credit Rating
AA (Stable) by CRISIL RATINGS LIMITED
Jan 06, 2024
Yield
Request for Quote
Coupon
9.6500 % p.a
Rating
AA (Stable)
ISIN
INE03W107249
Maturity Date
27 Dec, 2026
Key Strengths
Strategic importance to, and expectation of strong support from Kirloskar Oil Engines Limited (KOEL)
Arka derives strong support from its ultimate parent, KOEL , in the form of high strategic importance and strong moral obligations, being its step-down subsidiary. The financial services entity has been identified as a focus area for the parent’s overall diversification plans. KOEL has already infused around Rs 930 crores till date (Rs 125 crore and Rs 130 crore were infused in fiscal 2021 and fiscal 2022 respectively; Rs 149 crore were infused in fiscal 2023 till date), depicting strong financial support towards its subsidiary
Adequate capitalisation for initial stages of operations
Arka benefits from funding support from the ultimate parent and has adequate capitalisation for initial stages of operations. KOEL has already infused around Rs. 930 crore till date. Capital support from the parent, is expected to keep capitalisation of Arka adequate (Net worth of Rs 1,036 crore and Capital Adequacy ratio of 29.8% as on December 31, 2022 and Rs 837 crore and 30.9% as on March 31, 2022), with low gearing of 2.4 times as on December 31, 2022 (2.1 times as on March 31, 2022) in the initial stages of operation
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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