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.
SATYA MICROCAPITAL LIMITED
Coupon |
13.8500% |
---|
Maturity |
Jul 2029 |
---|
Rating |
CRISIL BBB+ |
---|
Type of Bond |
Subordinate Debt |
---|
Yield |
14.7566% |
---|
Price |
₹ 99,924.11 |
---|
EARLYSALARY SERVICES PRIVATE LIMITED
Coupon |
11.7500% |
---|
Maturity |
Dec 2025 |
---|
Rating |
CARE BBB+ |
---|
Type of Bond |
Secured - Regular Bond/Debenture |
---|
Yield |
13.0500% |
---|
Price |
₹ 1,00,631.63 |
---|
SPANDANA SPHOORTY FINANCIAL LIMITED
Coupon |
10.7500% |
---|
Maturity |
Sep 2025 |
---|
Rating |
Ind-Ra A |
---|
Type of Bond |
Secured - Regular Bond/Debenture |
---|
Yield |
11.2954% |
---|
Price |
₹ 1,00,117.81 |
---|
PIRAMAL CAPITAL & HOUSING FINANCE LIMITED
Coupon |
6.7500% |
---|
Maturity |
Sep 2031 |
---|
Rating |
ICRA AA |
---|
Type of Bond |
Secured - Regular Bond/Debenture |
---|
Yield |
11.0000% |
---|
Price |
₹ 762.27 |
---|
PRESTIGE PROJECTS PRIVATE LIMITED
Coupon |
11.7500% |
---|
Maturity |
Mar 2027 |
---|
Rating |
ICRA A |
---|
Type of Bond |
Secured - Regular Bond/Debenture |
---|
Yield |
10.5000% |
---|
Price |
₹ 1,04,060.17 |
---|
Note: The listed products and their price or yield are subject to availability and market cut-off 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).