Northern Arc Capital Limited
Northern Arc Capital is a systemically important NBFC. It acts as a platform in the financial services sector with the objective of catering to the diverse credit requirements of underserved households and businesses by providing access to debt finan...
Key Metrics
EPS
34.49
Current ratio
0.41
Debt/Equity
4.05
Debt/EBITDA
21.47
Interest coverage ratio
0.00
Operating Cashflow to total debt
-0.23
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Adequate track record in key target asset segments
Share of retail segment expected to increase –
Improvement in profitability indicators
Liquidity position: Adequate
Cons
Concentrated exposure to entities with moderate risk profiles; controlling asset quality in newer segments would be key monitorable.
Capital infusion critical for medium-term growth plans
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About Northern Arc Capital Limited bond.
This comprehensive profile covers key factual information about Northern Arc Capital Limited. Northern Arc Capital is a systemically important NBFC. It acts as a platform in the financial services sector with the objective of catering to the diverse credit requirements of underserved households and businesses by providing access to debt finance. This is done either through direct lending and investments or by providing syndication and structuring services. The company commenced its business by targeting microfinance institutions (MFIs) and has diversified into other sectors including micro, small, and medium enterprise (MSME) finance, vehicle finance (includes commercial vehicle and two-wheeler finance), consumer finance, affordable housing finance and agricultural supply chain finance. Further, over the years, NACL has steadily diversified across products, geographies, and borrower segments. Nimbus, NACL’s proprietary technology system, forms the backbone of its growth as a platform and enables the scaling up of business operations with execution and functional efficiency and data analytics. As of March 2024, on a fully-diluted basis, 360 One Special Opportunities Fund was the largest shareholder with a stake of 25.6% in NACL, followed by Leapfrog Financial Inclusion India II Limited (22.5%), Augusta Investments II Pte Ltd (19.5%), Eight Roads Investments (Mauritius) (II) Limited (10.2%), Dvara Trust (7.5%), Accion (5.8%), SMBC (5.3%) and others (3.6%). EPS in Mar-2024 was 34.49. Current ratio in Mar-2024 was 0.41. Debt/Equity in Mar-2024 was 4.05. Debt/EBITDA in Mar-2024 was 21.47. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -0.23. Total revenue for Mar-2025 (E) was ₹2219.12. Net income for Mar-2025 (E) stood at ₹389.58. Total assets as of Mar-2024 were ₹11,706.94. Operating cash flow for Mar-2024 was ₹-2,134.45. The company’s borrowing relationships include State Bank of India (₹N/A Cr), Indian Bank (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Aditya Birla Finance Limited (₹N/A Cr), Aditya Birla Finance Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Bajaj Finance Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Canara Bank (₹N/A Cr), Canara Bank (₹N/A Cr), Canara Bank (₹N/A Cr), Canara Bank (₹N/A Cr), Canara Bank (₹N/A Cr), DBS Bank Limited (₹N/A Cr), DBS Bank Limited (₹N/A Cr), DBS Bank Limited (₹N/A Cr), Dhanlaxmi Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), National Bank for Agriculture and Rural Development (₹N/A Cr), Nabkisan Finance Limited (₹N/A Cr), Nabkisan Finance Limited (₹N/A Cr), Nabsamruddhi Finance Limited (₹N/A Cr), Qatar National Bank (Q.P.S.C.) (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), State Bank of India (₹N/A Cr), Suryoday Small Finance Bank Limited (₹N/A Cr), CSB Bank Limited (₹N/A Cr), CSB Bank Limited (₹N/A Cr), UCO Bank (₹N/A Cr), UCO Bank (₹N/A Cr), Ujjivan Small Finance Bank Limited (₹N/A Cr), Union Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Utkarsh Small Finance Bank Limited (₹N/A Cr), Utkarsh Small Finance Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr), Not Applicable (₹N/A Cr), Axis Bank Limited (₹N/A Cr), DCB Bank Limited (₹N/A Cr), Federal Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), RBL Bank Limited (₹N/A Cr), YES Bank Limited (₹N/A Cr). Peers and comparison entities consist of Northern Arc Capital Limited, Motilal Oswal Financial Services Limited, Aditya Birla Capital Limited, Cholamandalam Financial Holdings Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Adequate track record in key target asset segments; Share of retail segment expected to increase –; Improvement in profitability indicators ; Liquidity position: Adequate. Key risks include: Concentrated exposure to entities with moderate risk profiles; controlling asset quality in newer segments would be key monitorable.; Capital infusion critical for medium-term growth plans . Leadership team details include Mr.Gaurav Shukla (Chief Business Officer), Mr.Atul Tibrewal (Chief Financial Officer), Ms.Umasree Parvathy Pratap (Chief People Officer), Mr.Gaurav Mehrotra (Chief Technology Officer), Mr.Prakash Chandra Panda (Company Secretary & Compliance Officer), Mr.Amit Mandhanya (Executive Vice President), Mr.P S Jayakumar (Chairman(Non Executive & IndependentDirector)), Ms.Anuradha Rao (Independent Non-Executive Director), Mr.N T Arunkumar (Independent Non-Executive Director), Mr.Ashutosh Arvind Pednekar (Independent Non-Executive Director), Mr.Ashish Mehrotra (Managing Director & CEO), Mr.Michael Jude Fernandes (Nominee Director), Mr.Vijay Nallan Chakravarthi (Nominee Director), Mr.Trikkur Seetharaman Anantharaman (Nominee Director), Dr.(Ms.)Kshama Fernandes (Non Executive Non IndependentDirector). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.