Muthoot Finance Ltd.

•

muthootgroup.comBSE: 533398NSE: MUTHOOTFIN

Market Cap₹ 1,12,186 Cr.

Current Price

High / Low₹ 4,150 / 2,671

Stock P/E9.9

Book Value₹ 1,011

Price to Book3.24

Dividend Yield1.07 %

ROCE15.9 %

ROE31.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Financing: 99.7% • Insurance Broking: 0.2% • Power Generation: 0.0%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.7% CAGR over last 5 years
Comfortable capital adequacy - CAR of 20.8%
Solid return on assets for a lender - ROA of 6.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 23.2%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 43.1% YoY, showing strong momentum

CONS

Net NPA is elevated at 2.1% - provisioning cushion is thin
Free cash flow has been persistently negative
Though reporting repeated profits, the company pays out little dividend (11.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY NEXT 50 NIFTY ALPHA 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY FIN SERVICE

S.No.	Name
1.	BAJFINANCE	1034.20	31.71	643888.19	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1028.00	21.37	241893.03	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1845.00	27.40	157575.18	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.80	28.50	154003.85	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	230.00	73.49	151872.26	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	11120.70	13.97	123766.17	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2794.40	9.86	112186.35	1.07	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.60	26.59	109118.68	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	309.50	24.37	77571.61	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	656.05	27.44	62432.55	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	668.65	25.53	55549.10	0.60	785.20	38.31	4937.90	18.71	9.09	57.98
12.	SUNDARMFIN	4714.65	23.60	52381.58	0.85	636.19	33.88	2644.13	23.37	9.35	80.61

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,434	3,553	3,745	4,055	4,396	4,849	5,129	5,530	6,364	7,184	8,080	9,134	8,672
	847	805	872	1,121	1,226	1,324	1,405	1,549	1,441	1,480	1,458	1,528	4,898
Operating Profit	2,625	2,802	2,948	3,043	3,247	3,605	3,784	4,073	5,009	5,803	6,730	7,761	7,264
OPM %	76.43%	78.86%	78.74%	75.03%	73.87%	74.35%	73.79%	73.65%	78.70%	80.79%	83.29%	84.97%	83.76%
Other Income	37	26	23	16	19	29	32	6	35	50	52	3	23
Interest	1,236	1,335	1,412	1,447	1,595	1,807	1,900	2,111	2,355	2,571	2,919	3,155	3,458
Depreciation	19	22	24	27	26	25	31	35	35	38	40	24	31
	1,407	1,470	1,534	1,585	1,646	1,802	1,886	1,932	2,654	3,244	3,822	4,584	3,797
Tax %	25.74%	25.50%	25.36%	25.42%	27.35%	26.67%	26.23%	25.27%	25.61%	25.66%	26.13%	25.89%	25.61%
Net Profit	0	0	0	0	1,196	1,321	1,392	1,444	1,974	2,412	2,823	3,397	2,825
	25	26	27	28	29	32	35	37	50	60	70	83	7

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,911	6,713	7,594	9,687	11,535	12,186	11,898	15,062	20,214	31,209	33,069
	1,554	1,656	1,747	2,214	2,263	2,490	2,749	3,623	5,422	5,767	9,363
Operating Profit	4,357	5,057	5,847	7,473	9,272	9,695	9,148	11,439	14,792	25,442	23,706
OPM %	73.71%	75.33%	77.00%	77.14%	80.38%	79.56%	76.89%	75.95%	73.18%	81.52%	71.69%
	28	69	7	26	36	53	77	101	51	54	127
Interest	2,374	2,132	2,543	3,180	4,109	4,268	4,225	5,452	7,461	11,054	12,103
Depreciation	52	52	52	59	67	70	78	92	116	137	134
Profit before Tax	1,959	2,942	3,260	4,260	5,131	5,410	4,923	5,997	7,266	14,305	15,448
Tax %	38.36%	37.33%	35.48%	25.62%	25.58%	25.49%	25.45%	25.50%	26.34%	25.85%	25.83%
Net Profit	1,207	1,844	2,103	3,169	3,819	4,031	3,670	4,468	5,352	10,607	11,457
EPS	29.95	45.64	51.86	78.20	94.76	100.05	89.98	107.71	132.84	263.79	—
Dividend Payout %	19.98%	21.86%	23.14%	19.17%	21.09%	19.98%	24.45%	22.28%	19.57%	11.37%	—

COMPOUNDED SALES GROWTH

10 Years:: 20%
5 Years:: 22%
3 Years:: 38%

COMPOUNDED PROFIT GROWTH

10 Years:: 29%
5 Years:: 23%
3 Years:: 43%

STOCK PRICE CAGR

10 Years:: 23%
5 Years:: 13%
3 Years:: 30%
1 Year:: -3%

RETURN ON EQUITY

10 Years:: 24%
5 Years:: 22%
3 Years:: 23%
Last Year:: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	399	400	401	401	401	401	401	401	401	401
Minority Interest	72	73	142	172	185	352	487	647	627	644
	6,116	7,438	9,514	11,415	15,163	18,378	21,262	24,705	28,965	38,729
	21,994	24,172	30,138	40,947	50,403	54,568	55,809	68,404	99,659	1,51,962
Trade Payables	101	126	166	226	211	120	88	144	137	145
	3,437	1,443	1,336	1,704	2,219	2,387	2,037	2,071	2,869	3,661
Total Liabilities	32,121	33,653	41,698	54,865	68,582	76,208	80,085	96,372	1,32,658	1,95,542
	257	237	244	298	313	332	377	472	669	708
Capital Work in Progress	10	6	23	29	38	52	67	88	13	10
	97	177	211	630	809	523	546	712	2,401	550
	0	0	22	0	0	0	0	18	12	12
Cash & Bank	1,645	747	2,203	6,131	8,021	10,315	8,036	6,206	8,322	12,765
	30,112	32,486	38,995	47,777	59,401	64,985	71,059	88,875	1,21,242	1,81,496
Total Assets	32,121	33,653	41,698	54,865	68,582	76,208	80,085	96,372	1,32,658	1,95,542

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,236	2,414	-754	-933	-2,906	3,776	2,970	-7,846	-19,820	-37,543
Cash from Investing	-183	-125	-165	-384	40	422	181	45	-1,376	2,458
Cash from Financing	3,027	824	6,351	9,193	9,712	3,445	395	11,809	30,041	49,320
	657	-734	1,362	3,839	1,938	2,271	-2,228	-1,751	2,140	4,385

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.35	73.35	73.35	73.35	73.35	73.35	73.35	73.35	73.35
	8.68	9.85	10.26	11.02	10.84	11.58	11.75	12.31	11.61
	14.55	13.29	12.98	11.74	12.20	11.36	11.12	10.42	10.75
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.42	3.51	3.41	3.89	3.61	3.72	3.78	3.94	4.30

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Acquisition

2026-09-09 - Muthoot Finance Limited has informed the Exchange about Acquisition

2026-09-02

Change in Director(s)

2026-09-02 - Muthoot Finance Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-31

Shareholders meeting

2026-08-31 - Muthoot Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026

2026-08-31

Amalgamation/Merger

2026-08-31 - Muthoot Finance Limited has informed the Exchange about Amalgamation/Merger

2026-08-18

Trading Window

2026-08-18 - Muthoot Finance Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-08-11

General Updates

2026-08-11 - Muthoot Finance Limited has informed the Exchange about General Updates

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Muthoot Finance Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-08

Record Date

2026-08-08 - Muthoot Finance Limited has informed the Exchange that Book Closure for Annual General Meeting of the Company is 24-Aug-2026.

2026-08-08

Updates

2026-08-08 - Muthoot Finance Limited has informed the Exchange regarding 'Book Closure For Annual General Meeting'.

News

Recent coverage and analyst commentary for MUTHOOTFIN

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Muthoot Finance Ltd.

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Free 5nance Account

Name

BAJFINANCE

1034.20

31.71

643888.19

0.58

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1028.00

21.37

241893.03

1.05

3452.77

59.90

13400.43

17.46

11.49

74.63

CHOLAFIN

1845.00

27.40

157575.18

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

362.80

28.50

154003.85

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

230.00

73.49

151872.26

0.26

830.25

155.73

2004.47

227.28

2.11

69.71

BAJAJHLDNG

11120.70

13.97

123766.17

1.75

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2794.40

9.86

112186.35

1.07

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

398.60

26.59

109118.68

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

309.50

24.37

77571.61

0.89

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

656.05

27.44

62432.55

0.38

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

668.65

25.53

55549.10

0.60

785.20

38.31

4937.90

18.71

9.09

57.98

SUNDARMFIN

4714.65

23.60

52381.58

0.85

636.19

33.88

2644.13

23.37

9.35

80.61

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

3,434

3,553

3,745

4,055

4,396

4,849

5,129

5,530

6,364

7,184

8,080

9,134

8,672

847

805

872

1,121

1,226

1,324

1,405

1,549

1,441

1,480

1,458

1,528

4,898

Operating Profit

2,625

2,802

2,948

3,043

3,247

3,605

3,784

4,073

5,009

5,803

6,730

7,761

7,264

OPM %

76.43%

78.86%

78.74%

75.03%

73.87%

74.35%

73.79%

73.65%

78.70%

80.79%

83.29%

84.97%

83.76%

Other Income

Interest

1,236

1,335

1,412

1,447

1,595

1,807

1,900

2,111

2,355

2,571

2,919

3,155

3,458

Depreciation

1,407

1,470

1,534

1,585

1,646

1,802

1,886

1,932

2,654

3,244

3,822

4,584

3,797

Tax %

25.74%

25.50%

25.36%

25.42%

27.35%

26.67%

26.23%

25.27%

25.61%

25.66%

26.13%

25.89%

25.61%

Net Profit

1,196

1,321

1,392

1,444

1,974

2,412

2,823

3,397

2,825

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,911

6,713

7,594

9,687

11,535

12,186

11,898

15,062

20,214

31,209

33,069

1,554

1,656

1,747

2,214

2,263

2,490

2,749

3,623

5,422

5,767

9,363

Operating Profit

4,357

5,057

5,847

7,473

9,272

9,695

9,148

11,439

14,792

25,442

23,706

OPM %

73.71%

75.33%

77.00%

77.14%

80.38%

79.56%

76.89%

75.95%

73.18%

81.52%

71.69%

101

127

Interest

2,374

2,132

2,543

3,180

4,109

4,268

4,225

5,452

7,461

11,054

12,103

Depreciation

116

137

134

Profit before Tax

1,959

2,942

3,260

4,260

5,131

5,410

4,923

5,997

7,266

14,305

15,448

Tax %

38.36%

37.33%

35.48%

25.62%

25.58%

25.49%

25.45%

25.50%

26.34%

25.85%

25.83%

Net Profit

1,207

1,844

2,103

3,169

3,819

4,031

3,670

4,468

5,352

10,607

11,457

EPS

29.95

45.64

51.86

78.20

94.76

100.05

89.98

107.71

132.84

263.79

—

Dividend Payout %

19.98%

21.86%

23.14%

19.17%

21.09%

19.98%

24.45%

22.28%

19.57%

11.37%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

399

400

401

Minority Interest

142

172

185

352

487

647

627

644

6,116

7,438

9,514

11,415

15,163

18,378

21,262

24,705

28,965

38,729

21,994

24,172

30,138

40,947

50,403

54,568

55,809

68,404

99,659

1,51,962

Trade Payables

101

126

166

226

211

120

144

137

145

3,437

1,443

1,336

1,704

2,219

2,387

2,037

2,071

2,869

3,661

Total Liabilities

32,121

33,653

41,698

54,865

68,582

76,208

80,085

96,372

1,32,658

1,95,542

257

237

244

298

313

332

377

472

669

708

Capital Work in Progress

177

211

630

809

523

546

712

2,401

550

Cash & Bank

1,645

747

2,203

6,131

8,021

10,315

8,036

6,206

8,322

12,765

30,112

32,486

38,995

47,777

59,401

64,985

71,059

88,875

1,21,242

1,81,496

Total Assets

32,121

33,653

41,698

54,865

68,582

76,208

80,085

96,372

1,32,658

1,95,542

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,236

2,414

-754

-933

-2,906

3,776

2,970

-7,846

-19,820

-37,543

Cash from Investing

-183

-125

-165

-384

422

181

-1,376

2,458

Cash from Financing

3,027

824

6,351

9,193

9,712

3,445

395

11,809

30,041

49,320

657

-734

1,362

3,839

1,938

2,271

-2,228

-1,751

2,140

4,385

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.35

8.68

9.85

10.26

11.02

10.84

11.58

11.75

12.31

11.61

14.55

13.29

12.98

11.74

12.20

11.36

11.12

10.42

10.75

Government

0.00

3.42

3.51

3.41

3.89

3.61

3.72

3.78

3.94

4.30

Muthoot Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Muthoot Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI