Fixed Alpha
A-

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Patel Engineering Limited

INE244B07243· Listed on NSE

10.35%

Yield

Tenure

0Y 10M 22D

Maturity Date

25 Aug 2028

Coupon Frequency

Monthly

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

10.25%

About the Issuer

Patel Engineering Limited (PEL), incorporated in 1949, is a Mumbai-based engineering and construction company engaged in the execution of dams, bridges, tunnels, roads, piling works, industrial structures and other heavy civil engineering projects. The company primarily undertakes EPC projects in the hydroelectric, irrigation and water supply, transport and urban infrastructure sectors, and has also undertaken power, road and real estate development projects. PEL is managed by an experienced board of directors and has over seven decades of experience in the infrastructure sector. The company has established a strong execution track record across complex domestic and international projects. PEL benefits from its long operating history, established EPC capabilities and proven expertise in executing large and technically complex infrastructure projects. Its extensive portfolio of completed dams, hydroelectric projects and tunnelling works, along with its pan-India presence, supports its strong market position.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Sep '25Coupon

₹871

Oct '25Coupon

₹842

Nov '25Coupon

₹871

Dec '25Coupon

₹842

Jan '26Coupon

₹871

Feb '26Coupon

₹871

Mar '26Coupon

₹786

Apr '26Coupon

₹871

May '26Coupon

₹842

Jun '26Coupon

₹871

Jul '26Coupon

₹842

Aug '26Coupon

₹871

Sep '26Coupon

₹871

Oct '26Coupon

₹842

Nov '26Coupon

₹871

Dec '26Coupon

₹842

Jan '27Coupon

₹871

Feb '27Coupon

₹871

Mar '27Coupon

₹786

Apr '27Coupon

₹871

May '27Coupon

₹842

Jun '27Coupon

₹871

Jul '27Coupon

₹842

Aug '27Coupon + Principal

₹1,00,309

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Patel Engineering Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE244B07243If that does not work, try its NSE scrip code:NSE758732
  2. Enter the quantity required.
  3. Enter following Price:₹1,00,026.98This is the Price at which you will earn Fixed Returns (Yield) of 10.35% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.