Muthoot Microfin Ltd.

•

muthootmicrofin.comBSE: 544055NSE: MUTHOOTMF

Market Cap₹ 3,475 Cr.

Current Price

High / Low₹ 263 / 141

Stock P/E14.2

Book Value₹ 171

Price to Book0.87

Dividend Yield0.00 %

ROCE9.4 %

ROE6.2 %

Face Value₹ 10

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ABOUT

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 89.0% CAGR over last 5 years
Comfortable capital adequacy - CAR of 23.9%
Solid return on assets for a lender - ROA of 1.5%
Latest quarter profit grew 1216.1% YoY, showing strong momentum
Company has delivered good sales growth of 28.2% CAGR over last 5 years

CONS

Company has a low return on equity of 6.2% over last 3 years
Company has a low return on capital employed of 10.1%
Equity base is being diluted - shares outstanding up 43.6%
Operating margins have contracted to 46.4% from 55.2%
Growth is decelerating - 3Y profit CAGR (1.3%) trails the 5Y trend (89.0%)
Company's return on assets is weak at 1.5%

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

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJFINANCE	1057.00	32.41	658083.37	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1046.85	21.76	246322.08	1.03	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	JIOFIN	237.00	75.73	156494.46	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
4.	CHOLAFIN	1820.00	27.03	155440.01	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	TATACAP	364.85	28.66	154874.05	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11090.30	13.94	123427.84	1.76	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2935.45	10.36	117849.06	1.02	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.90	26.47	108651.86	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	312.10	24.58	78223.26	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	633.05	26.48	60243.77	0.39	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	674.80	25.76	56060.02	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	MUTHOOTMF	203.85	14.16	3475.48	0.00	81.34	1216.15	668.63	21.08	9.44	54.17

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	475	563	571	636	657	654	676	549	552	572	597	627	669
	150	189	208	227	273	334	428	845	333	318	304	300	564
Operating Profit	329	374	368	416	390	329	253	-290	226	258	299	332	362
OPM %	69.20%	66.50%	64.49%	65.36%	59.35%	50.22%	37.37%	-52.81%	40.94%	45.20%	50.03%	53.00%	54.17%
Other Income	1	2	2	2	0	1	1	1	0	1	3	7	2
Interest	194	221	232	231	234	237	237	222	210	211	222	232	247
Depreciation	8	9	9	10	10	11	11	11	11	11	10	11	11
	128	147	130	177	147	81	5	-522	6	37	69	97	107
Tax %	25.26%	25.25%	4.07%	32.49%	22.75%	24.12%	25.05%	23.11%	-7.29%	17.76%	9.64%	26.62%	23.70%
Net Profit	96	110	125	120	113	62	4	-401	6	31	62	71	81
	8	9	9	7	7	4	0	-24	0	2	4	4	0
Equity Capital	117	117	170	170	168	168	168	168	168	168	168	168	168
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	244	503	714	860	684	833	1,429	2,249	2,562	2,370	2,464
	104	285	243	543	369	417	658	781	1,893	1,269	1,486
Operating Profit	140	226	507	324	327	426	788	1,483	684	1,127	—
OPM %	57	45	71	38	48	51	55	66	27	48	—
Other Income	0	8	36	7	12	10	18	16	16	26	13
Interest	82	189	234	291	299	340	549	866	930	874	911
Depreciation	1	2	3	14	19	21	27	35	43	43	43
	57	35	271	20	9	65	213	582	-289	209	310
Tax %	35	141	26	8	22	27	23	23	23	18	21
Net Profit	37	-14	201	18	7	47	164	450	-223	170	245
EPS	0	0	0	2	1	4	12	27	-13	10	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	4	-1	18	2	1	4	14	27	-13	10	—

COMPOUNDED SALES GROWTH

10 Years:: 46%
5 Years:: 28%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: 34%
5 Years:: 89%
3 Years:: 1%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 23%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 7%
3 Years:: 6%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	84	103	114	114	114	114	117	167	168	168
	101	299	771	792	775	1,202	1,480	2,622	2,447	2,667
	383	0	0	0	0	0	0	5,125	4,560	5,278
Trade Payables	0	5	5	4	3	8	12	24	19	17
	894	2,147	2,640	3,201	3,282	4,263	6,914	3,798	3,569	4,507
Total Liabilities	1,462	2,555	3,530	4,110	4,174	5,587	8,523	11,736	10,763	12,637
ASSETS	-	-	-	-	-	-	-	-	-	-
	7	13	21	109	110	121	172	215	223	199
Capital Work in Progress	1	0	1	0	0	0	0	0	0	0
	0	0	0	0	0	0	63	47	354	406
	0	0	0	0	0	0	0	15	22	25
Cash & Bank	346	672	781	1,360	745	1,000	1,150	1,336	1,050	978
	1,108	1,870	2,728	2,641	3,319	4,465	7,138	10,124	9,114	11,029
Total Assets	1,462	2,555	3,530	4,110	4,174	5,587	8,523	11,736	10,763	12,637
Total Debt	1,131	2,013	2,451	2,921	3,016	3,997	6,493	8,425	7,926	9,547
Net Working Capital	-120	572	657	1,258	492	805	840	-3,560	-3,463	-4,167
Contingent Liabilities	63	27	0	0	93	203	338	550	0	0
Book Value per Share	22.03	39.11	77.50	79.34	77.86	115.28	136.69	166.77	155.99	168.95
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-469	-699	-602	114	-704	-1,084	-2,333	-1,272	1,382	-580
Cash from Investing	-66	-12	-6	-65	-38	-74	-180	-225	-128	-41
Cash from Financing	801	966	707	463	80	1,344	2,567	1,671	-1,485	626
	267	255	99	511	-662	187	54	174	-230	4
Free Cash Flow	-475	-706	-613	13	-723	-1,113	-2,363	-1,346	1,357	-593
OCF / Net Profit	-12.66	48.46	-2.99	6.28	-99.80	-22.86	-14.23	-2.83	-6.21	-3.41
Cumulative 5-Year FCF	0	0	0	0	-2,505	-3,143	-4,800	-5,533	-4,189	-4,059

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	4.42	-1.40	17.62	1.59	0.62	4.15	14.03	26.88	-13.28	10.15
Book Value (₹)	22.03	39.11	77.50	79.34	77.86	115.28	136.69	166.77	155.99	168.95
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	4.53	-1.22	17.88	2.80	2.27	5.97	16.30	29.00	-10.72	12.72
PROFITABILITY
Operating Margin %	57.41%	44.97%	71.02%	37.67%	47.83%	51.13%	55.19%	65.26%	26.10%	46.45%
Net Margin %	15.19%	-2.87%	28.17%	2.12%	1.03%	5.69%	11.47%	19.99%	-8.69%	7.19%
ROE %	29.18%	-4.91%	31.27%	2.03%	0.79%	4.30%	11.25%	20.50%	-8.24%	6.25%
ROCE %	15.42%	12.01%	17.53%	8.66%	7.97%	8.76%	11.33%	14.97%	5.89%	9.44%
	3.73%	-0.72%	6.61%	0.48%	0.17%	0.97%	2.32%	4.44%	-1.98%	1.46%
EFFICIENCY
Debtor Days	2	2	2	3	5	6	11	7	3	4
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	2	2	2	3	5	6	11	7	3	4
FINANCIAL HEALTH
Debt to Equity (x)	5.99x	5.00x	2.77x	3.22x	3.39x	2.99x	4.01x	3.02x	3.03x	3.37x
Interest Coverage (x)	1.70x	1.19x	2.16x	1.07x	1.03x	1.19x	1.39x	1.67x	0.69x	1.24x
	0.77x	6.08x	5.50x	8.35x	2.80x	4.18x	3.07x	0.33x	0.26x	0.23x
GROWTH
Revenue Growth %	367.54%	106.30%	42.00%	20.43%	-20.47%	21.68%	71.62%	57.40%	13.91%	-7.50%
Operating Profit Growth %	292.33%	61.62%	124.25%	-36.12%	0.97%	30.09%	85.24%	88.12%	-53.88%	64.69%
Net Profit Growth %	293.60%	-138.94%	1495.26%	-90.95%	-61.25%	571.93%	245.77%	174.32%	-149.50%	176.52%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	91.62%	-149.40%	176.44%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.43x	0.00x	14.42x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.20x	0.79x	0.87x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.03x	13.07x	9.79x

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.47	55.47	55.47	55.47	55.47	55.47	55.47	55.47
	3.09	3.03	2.70	0.64	0.49	0.41	0.05	0.35
	2.57	2.43	2.31	2.48	2.83	3.02	3.50	3.37
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.11	16.30	16.75	18.65	18.44	18.34	18.21	18.05

Documents

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

2026-08-28

Issue of Securities

2026-08-28 - Muthoot Microfin Limited has informed the Exchange about issue of Securities

2026-08-28

Committee Meeting Updates

2026-08-28 - Muthoot Microfin Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 28, 2026.

2026-08-25

Committee Meeting Updates

2026-08-25 - Muthoot Microfin Limited has informed the Exchange regarding Committee Meeting to be held on August 28, 2026.

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - Muthoot Microfin Limited has informed the Exchange about Schedule of meet

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Muthoot Microfin Limited has informed the Exchange about Schedule of meet

2026-08-14

General Updates

2026-08-14 - Muthoot Microfin Limited has informed the Exchange about Asset Liability Management Statement for the month of July 2026

2026-08-12

Appointment

2026-08-12 - Muthoot Microfin Limited has informed the Exchange regarding Appointment of as Non- Executive Director of the company w.e.f. Jun 30, 2026.

2026-08-12

Shareholders meeting

2026-08-12 - Muthoot Microfin Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 11, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - Muthoot Microfin Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for MUTHOOTMF

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Free 5nance Account

Name

BAJFINANCE

1057.00

32.41

658083.37

0.57

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1046.85

21.76

246322.08

1.03

3452.77

59.90

13400.43

17.46

11.49

74.63

JIOFIN

237.00

75.73

156494.46

0.25

830.25

155.73

2004.47

227.28

2.11

69.71

CHOLAFIN

1820.00

27.03

155440.01

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

364.85

28.66

154874.05

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

BAJAJHLDNG

11090.30

13.94

123427.84

1.76

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2935.45

10.36

117849.06

1.02

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

396.90

26.47

108651.86

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

312.10

24.58

78223.26

0.88

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

633.05

26.48

60243.77

0.39

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

674.80

25.76

56060.02

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

MUTHOOTMF

203.85

14.16

3475.48

0.00

81.34

1216.15

668.63

21.08

9.44

54.17

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

475

563

571

636

657

654

676

549

552

572

597

627

669

150

189

208

227

273

334

428

845

333

318

304

300

564

Operating Profit

329

374

368

416

390

329

253

-290

226

258

299

332

362

OPM %

69.20%

66.50%

64.49%

65.36%

59.35%

50.22%

37.37%

-52.81%

40.94%

45.20%

50.03%

53.00%

54.17%

Other Income

Interest

194

221

232

231

234

237

222

210

211

222

232

247

Depreciation

128

147

130

177

147

-522

107

Tax %

25.26%

25.25%

4.07%

32.49%

22.75%

24.12%

25.05%

23.11%

-7.29%

17.76%

9.64%

26.62%

23.70%

Net Profit

110

125

120

113

-401

-24

Equity Capital

117

170

168

Reserves

Promoter Pledge %

0.00%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

244

503

714

860

684

833

1,429

2,249

2,562

2,370

2,464

104

285

243

543

369

417

658

781

1,893

1,269

1,486

Operating Profit

140

226

507

324

327

426

788

1,483

684

1,127

—

OPM %

—

Other Income

Interest

189

234

291

299

340

549

866

930

874

911

Depreciation

271

213

582

-289

209

310

Tax %

141

Net Profit

-14

201

164

450

-223

170

245

EPS

-13

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-1

-13

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

103

114

117

167

168

101

299

771

792

775

1,202

1,480

2,622

2,447

2,667

383

5,125

4,560

5,278

Trade Payables

894

2,147

2,640

3,201

3,282

4,263

6,914

3,798

3,569

4,507

Total Liabilities

1,462

2,555

3,530

4,110

4,174

5,587

8,523

11,736

10,763

12,637

ASSETS

109

110

121

172

215

223

199

Capital Work in Progress

354

406

Cash & Bank

346

672

781

1,360

745

1,000

1,150

1,336

1,050

978

1,108

1,870

2,728

2,641

3,319

4,465

7,138

10,124

9,114

11,029

Total Assets

1,462

2,555

3,530

4,110

4,174

5,587

8,523

11,736

10,763

12,637

Total Debt

1,131

2,013

2,451

2,921

3,016

3,997

6,493

8,425

7,926

9,547

Net Working Capital

-120

572

657

1,258

492

805

840

-3,560

-3,463

-4,167

Contingent Liabilities

203

338

550

Book Value per Share

22.03

39.11

77.50

79.34

77.86

115.28

136.69

166.77

155.99

168.95

Face Value

10.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-469

-699

-602

114

-704

-1,084

-2,333

-1,272

1,382

-580

Cash from Investing

-66

-12

-6

-65

-38

-74

-180

-225

-128

-41

Cash from Financing

801

966

707

463

1,344

2,567

1,671

-1,485

626

267

255

511

-662

187

174

-230

Free Cash Flow

-475

-706

-613

-723

-1,113

-2,363

-1,346

1,357

-593

OCF / Net Profit

-12.66

48.46

-2.99

6.28

-99.80

-22.86

-14.23

-2.83

-6.21

-3.41

Cumulative 5-Year FCF

-2,505

-3,143

-4,800

-5,533

-4,189

-4,059

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

4.42

-1.40

17.62

1.59

0.62

4.15

14.03

26.88

-13.28

10.15

Book Value (₹)

22.03

39.11

77.50

79.34

77.86

115.28

136.69

166.77

155.99

168.95

Dividend per Share (₹)

0.00

Cash EPS (₹)

4.53

-1.22

17.88

2.80

2.27

5.97

16.30

29.00

-10.72

12.72

PROFITABILITY

Operating Margin %

57.41%

44.97%

71.02%

37.67%

47.83%

51.13%

55.19%

65.26%

26.10%

46.45%

Net Margin %

15.19%

-2.87%

28.17%

2.12%

1.03%

5.69%

11.47%

19.99%

-8.69%

7.19%

ROE %

29.18%

-4.91%

31.27%

2.03%

0.79%

4.30%

11.25%

20.50%

-8.24%

6.25%

ROCE %

15.42%

12.01%

17.53%

8.66%

7.97%

8.76%

11.33%

14.97%

5.89%

9.44%

3.73%

-0.72%

6.61%

0.48%

0.17%

0.97%

2.32%

4.44%

-1.98%

1.46%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

5.99x

5.00x

2.77x

3.22x

3.39x

2.99x

4.01x

3.02x

3.03x

3.37x

Interest Coverage (x)

1.70x

1.19x

2.16x

1.07x

1.03x

1.19x

1.39x

1.67x

0.69x

1.24x

0.77x

6.08x

5.50x

8.35x

2.80x

4.18x

3.07x

0.33x

0.26x

0.23x

GROWTH

Revenue Growth %

367.54%

106.30%

42.00%

20.43%

-20.47%

21.68%

71.62%

57.40%

13.91%

-7.50%

Operating Profit Growth %

292.33%

61.62%

124.25%

-36.12%

0.97%

30.09%

85.24%

88.12%

-53.88%

64.69%

Net Profit Growth %

293.60%

-138.94%

1495.26%

-90.95%

-61.25%

571.93%

245.77%

174.32%

-149.50%

176.52%

0.00%

91.62%

-149.40%

176.44%

VALUATION

P/E (x)

0.00x

7.43x

0.00x

14.42x

P/B (x)

0.00x

1.20x

0.79x

0.87x

Dividend Yield %

0.00%

0.00x

7.03x

13.07x

9.79x

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.47

3.09

3.03

2.70

0.64

0.49

0.41

0.05

0.35

2.57

2.43

2.31

2.48

2.83

3.02

3.50

3.37

Government

0.00

16.11

16.30

16.75

18.65

18.44

18.34

18.21

18.05

Muthoot Microfin Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

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Muthoot Microfin 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