Western Capital Advisors Bonds Explained: Price, ISIN, Yield (YTM), Rating & Key Risks

Introduction

Corporate bonds issued by non-banking financial companies (NBFCs) have become an important segment of India’s fixed-income market. Investors often search for issuer-specific information using terms such as western capital advisors bond or western capital advisors bond review to understand the structure, yield, and risks involved.

This article provides an educational explanation of the Western Capital Advisors bond identified by ISIN INE0A3007057, covering its pricing framework, yield mechanics, credit rating, issuer profile, and associated risks. It does not rank, recommend, or assess suitability for any individual investor.

Overview of Western Capital Advisors Bonds

Western Capital Advisors Private Limited has raised funds through listed, secured non-convertible debentures (NCDs) issued via private placement. These bonds are senior obligations of the issuer and are governed by regulatory and trustee-monitored frameworks.

The bond discussed in this article represents one such issuance and is commonly referenced when investors evaluate Western Capital Advisors’ debt instruments in the secondary bond market.

Key Bond Details: ISIN, Price, Yield & Structure

Below is a factual summary of the bond’s core terms:

• Issuer: Western Capital Advisors Private Limited

• ISIN: INE0A3007057

• Instrument Type: Listed, Secured Non-Convertible Debenture

• Seniority: Senior

• Mode of Issue: Private Placement

• Face Value: ₹1,00,000 per unit

• Date of Issue: 02 September 2025

• Maturity Date: 01 September 2028

• Tenure: Approximately 3 years

• Coupon Rate: 10.75% per annum

• Coupon Type: Fixed

• Payout Frequency: Monthly

• Yield Type: Yield to Maturity (YTM)

• Debenture Trustee: Catalyst Trusteeship Limited

The bond price in the secondary market may vary depending on interest rate movements, credit perception, and liquidity conditions.

Understanding Yield to Maturity (YTM) for This Bond

Yield to Maturity (YTM) represents the annualised return an investor may earn if the bond is purchased at the prevailing market price and held until maturity, assuming all coupon payments are received as scheduled.

For Western Capital Advisors bonds, YTM reflects:

• The fixed coupon rate

• Remaining time to maturity

• Current market price

• Credit risk perception

YTM can differ from the coupon rate if the bond trades at a premium or discount to face value.

Coupon Structure and Cash Flow Characteristics

This bond carries a fixed coupon of 10.75%, paid monthly, which results in regular periodic cash flows. Monthly coupon structures are often preferred by investors seeking predictable income streams, though they do not alter the underlying credit risk of the issuer.

At maturity, the principal amount is scheduled to be repaid subject to the issuer’s ability to meet its obligations.

Credit Rating Overview and What A- Means

The bond is rated A- by Acuite Ratings & Research Limited.

An A- rating generally indicates:

• Adequate degree of safety regarding timely servicing of financial obligations

• Moderate credit risk compared to higher investment-grade instruments

• Sensitivity to adverse changes in business or economic conditions

The rating reflects the issuer’s standalone credit profile and is subject to ongoing surveillance.

Credit Rating Rationale and Key Monitorables

According to the rating rationale, key factors influencing the rating include:

• Decline in profitability over recent financial periods

• Strategic shift toward retail-focused secured lending

• Asset quality trends, including changes in GNPA and NNPA levels

• Capital adequacy and promoter support

• Execution risk associated with scaling new lending verticals

The outlook on the rating is Negative, indicating that future downgrades may occur if financial or operational performance weakens further

Issuer Background: Western Capital Advisors Private Limited

Western Capital Advisors Private Limited (WCAPL) is an RBI-registered NBFC headquartered in Mumbai. Established in 2018, the company initially focused on wholesale credit solutions before diversifying into retail and secured lending segments.

The issuer operates within India’s regulated NBFC framework and raises funding through a combination of bank facilities and market instruments.

Business Model and Lending Focus

WCAPL provides credit across:

• Wholesale lending to NBFCs, fintechs, MFIs, and SMEs

• Retail-focused secured MSME and housing-linked loans

• Technology-enabled loan processing and underwriting

In recent years, the company has shifted emphasis toward its proprietary retail lending platform, aiming to build a more granular and secured loan portfolio.

Key Management and Governance

Key leadership includes:

• Anil Kejriwal – Founder

• Ritesh Jhanwar – Chief Financial Officer

• Nilesh Ghuge – Chief Executive Officer

• Anirudh Saxena – Head of Operations & Digitalisation

Management experience and promoter backing are cited as supportive factors in the company’s credit profile.

Key Risks Associated With Western Capital Advisors Bonds

Investors evaluating Western Capital Advisors bonds typically consider the following risks:

• Credit Risk: Risk of delayed or missed interest or principal payments

• Business Transition Risk: Execution challenges from shifting lending strategy

• Asset Quality Risk: Potential deterioration in borrower repayment performance

• Liquidity Risk: Limited secondary market liquidity for privately placed NCDs

• Interest Rate Risk: Market price sensitivity to changes in interest rates

Even secured bonds carry residual risk depending on recovery timelines and enforcement outcomes.

How Investors Typically Evaluate Such Bonds

Market participants often assess bonds like these using:

• Credit rating and outlook

• Issuer financial performance trends

• Capital adequacy and leverage

• Asset quality indicators

• Coupon structure and YTM

• Covenant strength and trustee oversight

No single factor determines bond quality; evaluation is multi-dimensional.

Regulatory and Structural Safeguards

These bonds operate under:

• SEBI regulations for listed debt securities

• RBI oversight of NBFC operations

• Trustee-monitored covenants and reporting requirements

• Periodic credit rating surveillance

While regulatory frameworks enhance transparency, they do not eliminate investment risk.

Summary

Western Capital Advisors bonds represent listed, secured NBFC debt instruments offering fixed monthly coupons and defined maturity profiles. The bond with ISIN INE0A3007057 carries an A- credit rating with a Negative outlook, reflecting both strengths and ongoing monitorables in the issuer’s business model.

Understanding the bond’s structure, issuer background, yield mechanics, and risk factors helps investors interpret how such instruments are positioned within India’s corporate bond market.

Disclaimer

This article is intended solely for educational and informational purposes. It does not constitute investment advice, an offer, or a recommendation to buy or sell any security.

BondScanner, as a SEBI-registered Online Bond Platform Provider (OBPP), does not provide personalized investment advice through this content. Investors should independently evaluate bonds, read all offer documents, and consult qualified financial professionals before making investment decisions. Investments in bonds are subject to market risks, including the possible loss of principal.