Key Metrics of Bobcard Limited
About Bobcard Limited
Company details
- Registered office
- 2nd Floor Baroda House Behind Dewan Shopping Centre,, Jogeswari West Mumbai, Mumbai, In-mh, 400102
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 13 Oct 2026 | ICRA | Reaffirmed | AAA | A1+ | Stable | ₹2,550 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Strong parentage
BOBCARD is wholly owned by B oB and holds the bank’s credit card business .
+ Adequate capitalisation
The growth in BOBCARD’s receivables was funded through bank borrowings and commercial paper (CP) over the past one year.
Credit challenges
− Market share remains marginal; asset quality continues to be highly vulnerable
Credit card receivables account for more than 80% of BOBCARD’s assets .
− Modest earnings profile
BOBCARD’s profitability indicators weakened in FY2026 (RoMA of 0.5% in FY2026 compared to 1.2% in FY2025) owing to the marginal compression in NIMs, reduction in non-interest income and sharp rise in credit costs despite the decline in the operating cost ratio.
Could lead to a downgrade
ICRA could downgrade the rating s in case of a dilution in BOBCARD’s strategic importance to BoB. Further, any change in the outlook or a downgrade in the credit rating of BoB will lead to a similar rating action for BOBCARD.
Agency-reported financials (ICRA, 13 Oct 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Total income | ₹1,688 Cr | ₹1,850 Cr | ₹530 Cr |
| PAT | ₹73.00 Cr | ₹40.00 Cr | ₹-77.00 Cr |
| Total managed assets | ₹6,913 Cr | ₹7,751 Cr | ₹7,680 Cr |
| Return on average managed assets 1.2% 0.5% -4.0%* | 1.2% | 0.5% | — |
| Reported gearing (times) | 3.30× | 3.60× | 3.90× |
| GNPA/GS3 | 3.1% | 4.4% | 3.8% |
| CRAR | 22.0% | 19.2% | 18.2% |
| Revenue growth (YoY) | — | 9.6% | — |
| PAT margin | 4.3% | 2.2% | −14.5% |
Borrowings & rated debt
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long-term/Short-term bank facilities Subordinated debt | Subordinated debt | ₹2,500 Cr | ₹2,500 Cr | 0.0% | AAA / A1+ (Stable) | Reaffirmed | ICRA |
| programme | Other | ₹50.0 Cr | ₹50.0 Cr | 0.0% | AAA (Stable) | Reaffirmed | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY | Working capital & bank lines | — | — | 31 Mar 2027 | ₹2,200 Cr | AAA | Outstanding |
| INE027208011 | — | Subordinated debt | 7.65% | 09 Mar 2021 | 07 Mar 2031 | ₹50.0 Cr | AAA | Outstanding |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| Long-term/Short-term bank facilities Subordinated debt | Subordinated debt | AAA ICRA | AAA | senior − 0 |
| Subordinated debt | Subordinated debt | AAA ICRA | AAA | senior − 0 |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 59% |
| Information on file | 44% · missing: Annual results history (3+ years), Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 63% chance the next rating action is stable or better
- Current rating AAA (investment grade)
Rated limits by facility
Timeline
From the report
In this regard, BoB has demonstrated its support through regular equity infusions (latest equity infusion of Rs. 300 crore in FY2025).
From the report
The liquidity is further supported by unencumbered cash and liquid investments of Rs. 816 crore (15% of its borrowings) and unutilised bank lines of Rs. 2,110 crore as on June 30, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.