Muthoot Finance Ltd.
•2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | M&MFIN | 389.55 | 16.65 | 54146.33 | 1.93 | 927.48 | 75.34 | 5717.91 | 23.09 | 8.63 | 64.82 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 | |
| Equity Capital | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| 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% |
| Equity Capital | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| 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% |
- 3,434
- 847
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 1,236
- Depreciation
- 19
- 1,407
- Tax %
- 25.74%
- Net Profit
- 0
- 25
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,553
- 805
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 1,335
- Depreciation
- 22
- 1,470
- Tax %
- 25.50%
- Net Profit
- 0
- 26
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,745
- 872
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 1,412
- Depreciation
- 24
- 1,534
- Tax %
- 25.36%
- Net Profit
- 0
- 27
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,055
- 1,121
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 1,447
- Depreciation
- 27
- 1,585
- Tax %
- 25.42%
- Net Profit
- 0
- 28
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,396
- 1,226
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 1,595
- Depreciation
- 26
- 1,646
- Tax %
- 27.35%
- Net Profit
- 1,196
- 29
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,849
- 1,324
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 1,807
- Depreciation
- 25
- 1,802
- Tax %
- 26.67%
- Net Profit
- 1,321
- 32
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,129
- 1,405
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 1,900
- Depreciation
- 31
- 1,886
- Tax %
- 26.23%
- Net Profit
- 1,392
- 35
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,530
- 1,549
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 2,111
- Depreciation
- 35
- 1,932
- Tax %
- 25.27%
- Net Profit
- 1,444
- 37
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,364
- 1,441
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 2,355
- Depreciation
- 35
- 2,654
- Tax %
- 25.61%
- Net Profit
- 1,974
- 50
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,184
- 1,480
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 2,571
- Depreciation
- 38
- 3,244
- Tax %
- 25.66%
- Net Profit
- 2,412
- 60
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 8,080
- 1,458
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 2,919
- Depreciation
- 40
- 3,822
- Tax %
- 26.13%
- Net Profit
- 2,823
- 70
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 9,134
- 1,528
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3,155
- Depreciation
- 24
- 4,584
- Tax %
- 25.89%
- Net Profit
- 3,397
- 83
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 8,672
- 4,898
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 3,458
- Depreciation
- 31
- 3,797
- Tax %
- 25.61%
- Net Profit
- 2,825
- 7
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 4,384 | 5,126 | 5,854 | 7,499 | 9,308 | 9,748 | 9,226 | 11,540 | 14,843 | 25,496 | — |
| OPM % | 74 | 76 | 77 | 77 | 81 | 80 | 78 | 77 | 73 | 82 | — |
| Other Income | 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 |
| 1,959 | 2,942 | 3,260 | 4,260 | 5,131 | 5,410 | 4,923 | 5,997 | 7,266 | 14,305 | 15,448 | |
| Tax % | 38 | 37 | 35 | 26 | 26 | 25 | 25 | 25 | 26 | 26 | 26 |
| 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 | 30 | 46 | 52 | 78 | 95 | 100 | 90 | 108 | 133 | 264 | — |
| Dividend Payout % | 20 | 22 | 23 | 19 | 21 | 20 | 24 | 22 | 20 | 11 | — |
| Minority Interest | 0 | -14 | -25 | -30 | -14 | -15 | -57 | -143 | -19 | -17 | 21 |
| Share of Associates | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 30 | 46 | 52 | 78 | 95 | 100 | 90 | 108 | 133 | 264 | — |
| Minority Interest | 0 | -14 | -25 | -30 | -14 | -15 | -57 | -143 | -19 | -17 | 21 |
| Share of Associates | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 30 | 46 | 52 | 78 | 95 | 100 | 90 | 108 | 133 | 264 | — |
- 5,911
- 1,554
- Operating Profit
- 4,384
- OPM %
- 74
- Other Income
- 28
- Interest
- 2,374
- Depreciation
- 52
- 1,959
- Tax %
- 38
- Net Profit
- 1,207
- EPS
- 30
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- -7
- Adjusted EPS
- 30
- 6,713
- 1,656
- Operating Profit
- 5,126
- OPM %
- 76
- Other Income
- 69
- Interest
- 2,132
- Depreciation
- 52
- 2,942
- Tax %
- 37
- Net Profit
- 1,844
- EPS
- 46
- Dividend Payout %
- 22
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 46
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 46
- 7,594
- 1,747
- Operating Profit
- 5,854
- OPM %
- 77
- Other Income
- 7
- Interest
- 2,543
- Depreciation
- 52
- 3,260
- Tax %
- 35
- Net Profit
- 2,103
- EPS
- 52
- Dividend Payout %
- 23
- Minority Interest
- -25
- Share of Associates
- 0
- Adjusted EPS
- 52
- Minority Interest
- -25
- Share of Associates
- 0
- Adjusted EPS
- 52
- 9,687
- 2,214
- Operating Profit
- 7,499
- OPM %
- 77
- Other Income
- 26
- Interest
- 3,180
- Depreciation
- 59
- 4,260
- Tax %
- 26
- Net Profit
- 3,169
- EPS
- 78
- Dividend Payout %
- 19
- Minority Interest
- -30
- Share of Associates
- 0
- Adjusted EPS
- 78
- Minority Interest
- -30
- Share of Associates
- 0
- Adjusted EPS
- 78
- 11,535
- 2,263
- Operating Profit
- 9,308
- OPM %
- 81
- Other Income
- 36
- Interest
- 4,109
- Depreciation
- 67
- 5,131
- Tax %
- 26
- Net Profit
- 3,819
- EPS
- 95
- Dividend Payout %
- 21
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 95
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 95
- 12,186
- 2,490
- Operating Profit
- 9,748
- OPM %
- 80
- Other Income
- 53
- Interest
- 4,268
- Depreciation
- 70
- 5,410
- Tax %
- 25
- Net Profit
- 4,031
- EPS
- 100
- Dividend Payout %
- 20
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 100
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 100
- 11,898
- 2,749
- Operating Profit
- 9,226
- OPM %
- 78
- Other Income
- 77
- Interest
- 4,225
- Depreciation
- 78
- 4,923
- Tax %
- 25
- Net Profit
- 3,670
- EPS
- 90
- Dividend Payout %
- 24
- Minority Interest
- -57
- Share of Associates
- 0
- Adjusted EPS
- 90
- Minority Interest
- -57
- Share of Associates
- 0
- Adjusted EPS
- 90
- 15,062
- 3,623
- Operating Profit
- 11,540
- OPM %
- 77
- Other Income
- 101
- Interest
- 5,452
- Depreciation
- 92
- 5,997
- Tax %
- 25
- Net Profit
- 4,468
- EPS
- 108
- Dividend Payout %
- 22
- Minority Interest
- -143
- Share of Associates
- 0
- Adjusted EPS
- 108
- Minority Interest
- -143
- Share of Associates
- 0
- Adjusted EPS
- 108
- 20,214
- 5,422
- Operating Profit
- 14,843
- OPM %
- 73
- Other Income
- 51
- Interest
- 7,461
- Depreciation
- 116
- 7,266
- Tax %
- 26
- Net Profit
- 5,352
- EPS
- 133
- Dividend Payout %
- 20
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 133
- Minority Interest
- -19
- Share of Associates
- 0
- Adjusted EPS
- 133
- 31,209
- 5,767
- Operating Profit
- 25,496
- OPM %
- 82
- Other Income
- 54
- Interest
- 11,054
- Depreciation
- 137
- 14,305
- Tax %
- 26
- Net Profit
- 10,607
- EPS
- 264
- Dividend Payout %
- 11
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 264
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 264
- 33,069
- 9,363
- Operating Profit
- —
- OPM %
- —
- Other Income
- 127
- Interest
- 12,103
- Depreciation
- 134
- 15,448
- Tax %
- 26
- Net Profit
- 11,457
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 21
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 21
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 24%
- 5 Years:
- 15%
- 3 Years:
- 33%
- 1 Year:
- 11%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 399 | 400 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| 6,116 | 7,438 | 9,514 | 11,415 | 15,163 | 18,378 | 21,262 | 24,705 | 28,965 | 38,729 | |
| 16,338 | 14,227 | 17,330 | 23,989 | 24,534 | 22,075 | 19,414 | 37,244 | 45,383 | 57,894 | |
| Trade Payables | 101 | 126 | 166 | 226 | 211 | 120 | 88 | 144 | 137 | 145 |
| 9,165 | 11,462 | 14,286 | 18,834 | 28,272 | 35,233 | 38,920 | 33,878 | 57,772 | 98,373 | |
| Total Liabilities | 32,121 | 33,653 | 41,698 | 54,865 | 68,582 | 76,208 | 80,085 | 96,372 | 1,32,658 | 1,95,542 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 22,177 | 23,891 | 30,128 | 40,935 | 50,397 | 54,553 | 55,788 | 68,112 | 99,369 | 1,51,787 |
| Net Working Capital | 10,949 | -14,804 | -16,461 | -19,149 | -17,978 | -13,995 | -13,088 | -32,729 | -37,884 | -48,228 |
| Contingent Liabilities | 540 | 579 | 798 | 749 | 898 | 772 | 832 | 803 | 793 | 877 |
| Book Value per Share | 163.11 | 195.93 | 247.46 | 294.64 | 387.95 | 467.92 | 539.64 | 625.35 | 731.46 | 974.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 22,177 | 23,891 | 30,128 | 40,935 | 50,397 | 54,553 | 55,788 | 68,112 | 99,369 | 1,51,787 |
| Net Working Capital | 10,949 | -14,804 | -16,461 | -19,149 | -17,978 | -13,995 | -13,088 | -32,729 | -37,884 | -48,228 |
| Contingent Liabilities | 540 | 579 | 798 | 749 | 898 | 772 | 832 | 803 | 793 | 877 |
| Book Value per Share | 163.11 | 195.93 | 247.46 | 294.64 | 387.95 | 467.92 | 539.64 | 625.35 | 731.46 | 974.67 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 399
- 6,116
- 16,338
- Trade Payables
- 101
- 9,165
- Total Liabilities
- 32,121
- 257
- Capital Work in Progress
- 10
- 97
- 0
- Cash & Bank
- 1,645
- 30,112
- Total Assets
- 32,121
- Total Debt
- 22,177
- Net Working Capital
- 10,949
- Contingent Liabilities
- 540
- Book Value per Share
- 163.11
- Face Value
- 10.00
- Total Debt
- 22,177
- Net Working Capital
- 10,949
- Contingent Liabilities
- 540
- Book Value per Share
- 163.11
- Face Value
- 10.00
- Equity Capital
- 400
- 7,438
- 14,227
- Trade Payables
- 126
- 11,462
- Total Liabilities
- 33,653
- 237
- Capital Work in Progress
- 6
- 177
- 0
- Cash & Bank
- 747
- 32,486
- Total Assets
- 33,653
- Total Debt
- 23,891
- Net Working Capital
- -14,804
- Contingent Liabilities
- 579
- Book Value per Share
- 195.93
- Face Value
- 10.00
- Total Debt
- 23,891
- Net Working Capital
- -14,804
- Contingent Liabilities
- 579
- Book Value per Share
- 195.93
- Face Value
- 10.00
- Equity Capital
- 401
- 9,514
- 17,330
- Trade Payables
- 166
- 14,286
- Total Liabilities
- 41,698
- 244
- Capital Work in Progress
- 23
- 211
- 22
- Cash & Bank
- 2,203
- 38,995
- Total Assets
- 41,698
- Total Debt
- 30,128
- Net Working Capital
- -16,461
- Contingent Liabilities
- 798
- Book Value per Share
- 247.46
- Face Value
- 10.00
- Total Debt
- 30,128
- Net Working Capital
- -16,461
- Contingent Liabilities
- 798
- Book Value per Share
- 247.46
- Face Value
- 10.00
- Equity Capital
- 401
- 11,415
- 23,989
- Trade Payables
- 226
- 18,834
- Total Liabilities
- 54,865
- 298
- Capital Work in Progress
- 29
- 630
- 0
- Cash & Bank
- 6,131
- 47,777
- Total Assets
- 54,865
- Total Debt
- 40,935
- Net Working Capital
- -19,149
- Contingent Liabilities
- 749
- Book Value per Share
- 294.64
- Face Value
- 10.00
- Total Debt
- 40,935
- Net Working Capital
- -19,149
- Contingent Liabilities
- 749
- Book Value per Share
- 294.64
- Face Value
- 10.00
- Equity Capital
- 401
- 15,163
- 24,534
- Trade Payables
- 211
- 28,272
- Total Liabilities
- 68,582
- 313
- Capital Work in Progress
- 38
- 809
- 0
- Cash & Bank
- 8,021
- 59,401
- Total Assets
- 68,582
- Total Debt
- 50,397
- Net Working Capital
- -17,978
- Contingent Liabilities
- 898
- Book Value per Share
- 387.95
- Face Value
- 10.00
- Total Debt
- 50,397
- Net Working Capital
- -17,978
- Contingent Liabilities
- 898
- Book Value per Share
- 387.95
- Face Value
- 10.00
- Equity Capital
- 401
- 18,378
- 22,075
- Trade Payables
- 120
- 35,233
- Total Liabilities
- 76,208
- 332
- Capital Work in Progress
- 52
- 523
- 0
- Cash & Bank
- 10,315
- 64,985
- Total Assets
- 76,208
- Total Debt
- 54,553
- Net Working Capital
- -13,995
- Contingent Liabilities
- 772
- Book Value per Share
- 467.92
- Face Value
- 10.00
- Total Debt
- 54,553
- Net Working Capital
- -13,995
- Contingent Liabilities
- 772
- Book Value per Share
- 467.92
- Face Value
- 10.00
- Equity Capital
- 401
- 21,262
- 19,414
- Trade Payables
- 88
- 38,920
- Total Liabilities
- 80,085
- 377
- Capital Work in Progress
- 67
- 546
- 0
- Cash & Bank
- 8,036
- 71,059
- Total Assets
- 80,085
- Total Debt
- 55,788
- Net Working Capital
- -13,088
- Contingent Liabilities
- 832
- Book Value per Share
- 539.64
- Face Value
- 10.00
- Total Debt
- 55,788
- Net Working Capital
- -13,088
- Contingent Liabilities
- 832
- Book Value per Share
- 539.64
- Face Value
- 10.00
- Equity Capital
- 401
- 24,705
- 37,244
- Trade Payables
- 144
- 33,878
- Total Liabilities
- 96,372
- 472
- Capital Work in Progress
- 88
- 712
- 18
- Cash & Bank
- 6,206
- 88,875
- Total Assets
- 96,372
- Total Debt
- 68,112
- Net Working Capital
- -32,729
- Contingent Liabilities
- 803
- Book Value per Share
- 625.35
- Face Value
- 10.00
- Total Debt
- 68,112
- Net Working Capital
- -32,729
- Contingent Liabilities
- 803
- Book Value per Share
- 625.35
- Face Value
- 10.00
- Equity Capital
- 401
- 28,965
- 45,383
- Trade Payables
- 137
- 57,772
- Total Liabilities
- 1,32,658
- 669
- Capital Work in Progress
- 13
- 2,401
- 12
- Cash & Bank
- 8,322
- 1,21,242
- Total Assets
- 1,32,658
- Total Debt
- 99,369
- Net Working Capital
- -37,884
- Contingent Liabilities
- 793
- Book Value per Share
- 731.46
- Face Value
- 10.00
- Total Debt
- 99,369
- Net Working Capital
- -37,884
- Contingent Liabilities
- 793
- Book Value per Share
- 731.46
- Face Value
- 10.00
- Equity Capital
- 401
- 38,729
- 57,894
- Trade Payables
- 145
- 98,373
- Total Liabilities
- 1,95,542
- 708
- Capital Work in Progress
- 10
- 550
- 12
- Cash & Bank
- 12,765
- 1,81,496
- Total Assets
- 1,95,542
- Total Debt
- 1,51,787
- Net Working Capital
- -48,228
- Contingent Liabilities
- 877
- Book Value per Share
- 974.67
- Face Value
- 10.00
- Total Debt
- 1,51,787
- Net Working Capital
- -48,228
- Contingent Liabilities
- 877
- Book Value per Share
- 974.67
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2,186 | -1,432 | -4,824 | -4,970 | -7,814 | -1,596 | -2,804 | -13,605 | -26,525 | -47,393 | |
| 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 | |
| Free Cash Flow | -2,262 | -1,432 | -4,899 | -5,085 | -7,898 | -1,687 | -2,931 | -13,805 | -26,744 | -47,562 |
| OCF / Net Profit | -1.81 | -0.78 | -2.29 | -1.57 | -2.05 | -0.40 | -0.76 | -3.05 | -4.96 | -4.47 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -21,577 | -21,001 | -22,500 | -31,407 | -53,065 | -92,730 |
| OCF / Net Profit | -1.81 | -0.78 | -2.29 | -1.57 | -2.05 | -0.40 | -0.76 | -3.05 | -4.96 | -4.47 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -21,577 | -21,001 | -22,500 | -31,407 | -53,065 | -92,730 |
- -2,186
- Cash from Investing
- -183
- Cash from Financing
- 3,027
- 657
- Free Cash Flow
- -2,262
- OCF / Net Profit
- -1.81
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.81
- Cumulative 5-Year FCF
- 0
- -1,432
- Cash from Investing
- -125
- Cash from Financing
- 824
- -734
- Free Cash Flow
- -1,432
- OCF / Net Profit
- -0.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.78
- Cumulative 5-Year FCF
- 0
- -4,824
- Cash from Investing
- -165
- Cash from Financing
- 6,351
- 1,362
- Free Cash Flow
- -4,899
- OCF / Net Profit
- -2.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.29
- Cumulative 5-Year FCF
- 0
- -4,970
- Cash from Investing
- -384
- Cash from Financing
- 9,193
- 3,839
- Free Cash Flow
- -5,085
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- 0
- -7,814
- Cash from Investing
- 40
- Cash from Financing
- 9,712
- 1,938
- Free Cash Flow
- -7,898
- OCF / Net Profit
- -2.05
- Cumulative 5-Year FCF
- -21,577
- OCF / Net Profit
- -2.05
- Cumulative 5-Year FCF
- -21,577
- -1,596
- Cash from Investing
- 422
- Cash from Financing
- 3,445
- 2,271
- Free Cash Flow
- -1,687
- OCF / Net Profit
- -0.40
- Cumulative 5-Year FCF
- -21,001
- OCF / Net Profit
- -0.40
- Cumulative 5-Year FCF
- -21,001
- -2,804
- Cash from Investing
- 181
- Cash from Financing
- 395
- -2,228
- Free Cash Flow
- -2,931
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- -22,500
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- -22,500
- -13,605
- Cash from Investing
- 45
- Cash from Financing
- 11,809
- -1,751
- Free Cash Flow
- -13,805
- OCF / Net Profit
- -3.05
- Cumulative 5-Year FCF
- -31,407
- OCF / Net Profit
- -3.05
- Cumulative 5-Year FCF
- -31,407
- -26,525
- Cash from Investing
- -1,376
- Cash from Financing
- 30,041
- 2,140
- Free Cash Flow
- -26,744
- OCF / Net Profit
- -4.96
- Cumulative 5-Year FCF
- -53,065
- OCF / Net Profit
- -4.96
- Cumulative 5-Year FCF
- -53,065
- -47,393
- Cash from Investing
- 2,458
- Cash from Financing
- 49,320
- 4,385
- Free Cash Flow
- -47,562
- OCF / Net Profit
- -4.47
- Cumulative 5-Year FCF
- -92,730
- OCF / Net Profit
- -4.47
- Cumulative 5-Year FCF
- -92,730
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 30.03 | 45.74 | 51.86 | 78.25 | 94.83 | 100.08 | 89.98 | 107.71 | 132.84 | 263.79 |
| Book Value (₹) | 163.11 | 195.93 | 247.46 | 294.64 | 387.95 | 467.92 | 539.64 | 625.35 | 731.46 | 974.67 |
| Dividend per Share (₹) | 6.00 | 10.00 | 12.00 | 15.00 | 20.00 | 20.00 | 22.00 | 24.00 | 26.00 | 30.00 |
| Cash EPS (₹) | 31.52 | 47.39 | 53.78 | 80.49 | 96.87 | 102.19 | 93.36 | 113.58 | 136.21 | 267.62 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 74.18% | 76.36% | 77.00% | 77.41% | 80.69% | 79.99% | 77.54% | 75.95% | 73.18% | 81.52% |
| Net Margin % | 20.42% | 27.47% | 27.69% | 32.71% | 33.11% | 33.08% | 30.84% | 29.66% | 26.48% | 33.99% |
| ROE % | 19.93% | 25.69% | 23.69% | 29.16% | 27.89% | 23.48% | 18.15% | 19.10% | 19.65% | 30.97% |
| ROCE % | 16.29% | 16.78% | 16.16% | 16.03% | 15.56% | 13.89% | 12.13% | 13.42% | 13.27% | 15.87% |
| 4.06% | 5.61% | 5.58% | 6.56% | 6.19% | 5.57% | 4.70% | 5.06% | 4.67% | 6.46% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 85 | 35 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 85 | 35 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 3.40x | 3.05x | 3.04x | 3.46x | 3.24x | 2.90x | 2.58x | 2.71x | 3.38x | 3.88x |
| Interest Coverage (x) | 1.83x | 2.38x | 2.28x | 2.34x | 2.25x | 2.27x | 2.17x | 2.10x | 1.97x | 2.29x |
| 1.55x | 0.06x | 0.13x | 0.26x | 0.33x | 0.43x | 0.39x | 0.17x | 0.22x | 0.22x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 20.14% | 13.57% | 13.14% | 27.56% | 19.07% | 5.64% | -2.36% | 26.59% | 34.21% | 54.39% |
| Operating Profit Growth % | 19.37% | 16.90% | 14.21% | 28.11% | 24.11% | 4.73% | -5.35% | 25.09% | 28.62% | 71.77% |
| Net Profit Growth % | 47.62% | 52.72% | 14.06% | 50.68% | 20.52% | 5.56% | -8.97% | 21.74% | 19.80% | 98.17% |
| 0.00% | 0.00% | 13.39% | 0.00% | 0.00% | 0.00% | 0.00% | 19.71% | 23.32% | 98.58% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 11.87x | 0.00x | 0.00x | 0.00x | 0.00x | 13.72x | 17.93x | 11.98x |
| P/B (x) | 0.00x | 0.00x | 2.49x | 0.00x | 0.00x | 0.00x | 0.00x | 2.36x | 3.26x | 3.24x |
| Dividend Yield % | 0.00% | 0.00% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 1.62% | 1.09% | 0.95% |
| 0.00x | 0.00x | 8.98x | 0.00x | 0.00x | 0.00x | 0.00x | 10.51x | 12.58x | 10.43x |
- EPS (₹)
- 30.03
- Book Value (₹)
- 163.11
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 31.52
- Operating Margin %
- 74.18%
- Net Margin %
- 20.42%
- ROE %
- 19.93%
- ROCE %
- 16.29%
- 4.06%
- Debtor Days
- 85
- Inventory Days
- 0
- Payable Days
- 0
- 85
- Debt to Equity (x)
- 3.40x
- Interest Coverage (x)
- 1.83x
- 1.55x
- Revenue Growth %
- 20.14%
- Operating Profit Growth %
- 19.37%
- Net Profit Growth %
- 47.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 45.74
- Book Value (₹)
- 195.93
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 47.39
- Operating Margin %
- 76.36%
- Net Margin %
- 27.47%
- ROE %
- 25.69%
- ROCE %
- 16.78%
- 5.61%
- Debtor Days
- 35
- Inventory Days
- 0
- Payable Days
- 0
- 35
- Debt to Equity (x)
- 3.05x
- Interest Coverage (x)
- 2.38x
- 0.06x
- Revenue Growth %
- 13.57%
- Operating Profit Growth %
- 16.90%
- Net Profit Growth %
- 52.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 51.86
- Book Value (₹)
- 247.46
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 53.78
- Operating Margin %
- 77.00%
- Net Margin %
- 27.69%
- ROE %
- 23.69%
- ROCE %
- 16.16%
- 5.58%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 3.04x
- Interest Coverage (x)
- 2.28x
- 0.13x
- Revenue Growth %
- 13.14%
- Operating Profit Growth %
- 14.21%
- Net Profit Growth %
- 14.06%
- 13.39%
- P/E (x)
- 11.87x
- P/B (x)
- 2.49x
- Dividend Yield %
- 1.95%
- 8.98x
- EPS (₹)
- 78.25
- Book Value (₹)
- 294.64
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 80.49
- Operating Margin %
- 77.41%
- Net Margin %
- 32.71%
- ROE %
- 29.16%
- ROCE %
- 16.03%
- 6.56%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 3.46x
- Interest Coverage (x)
- 2.34x
- 0.26x
- Revenue Growth %
- 27.56%
- Operating Profit Growth %
- 28.11%
- Net Profit Growth %
- 50.68%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 94.83
- Book Value (₹)
- 387.95
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 96.87
- Operating Margin %
- 80.69%
- Net Margin %
- 33.11%
- ROE %
- 27.89%
- ROCE %
- 15.56%
- 6.19%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.24x
- Interest Coverage (x)
- 2.25x
- 0.33x
- Revenue Growth %
- 19.07%
- Operating Profit Growth %
- 24.11%
- Net Profit Growth %
- 20.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 100.08
- Book Value (₹)
- 467.92
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 102.19
- Operating Margin %
- 79.99%
- Net Margin %
- 33.08%
- ROE %
- 23.48%
- ROCE %
- 13.89%
- 5.57%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.90x
- Interest Coverage (x)
- 2.27x
- 0.43x
- Revenue Growth %
- 5.64%
- Operating Profit Growth %
- 4.73%
- Net Profit Growth %
- 5.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 89.98
- Book Value (₹)
- 539.64
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 93.36
- Operating Margin %
- 77.54%
- Net Margin %
- 30.84%
- ROE %
- 18.15%
- ROCE %
- 12.13%
- 4.70%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.58x
- Interest Coverage (x)
- 2.17x
- 0.39x
- Revenue Growth %
- -2.36%
- Operating Profit Growth %
- -5.35%
- Net Profit Growth %
- -8.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 107.71
- Book Value (₹)
- 625.35
- Dividend per Share (₹)
- 24.00
- Cash EPS (₹)
- 113.58
- Operating Margin %
- 75.95%
- Net Margin %
- 29.66%
- ROE %
- 19.10%
- ROCE %
- 13.42%
- 5.06%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.71x
- Interest Coverage (x)
- 2.10x
- 0.17x
- Revenue Growth %
- 26.59%
- Operating Profit Growth %
- 25.09%
- Net Profit Growth %
- 21.74%
- 19.71%
- P/E (x)
- 13.72x
- P/B (x)
- 2.36x
- Dividend Yield %
- 1.62%
- 10.51x
- EPS (₹)
- 132.84
- Book Value (₹)
- 731.46
- Dividend per Share (₹)
- 26.00
- Cash EPS (₹)
- 136.21
- Operating Margin %
- 73.18%
- Net Margin %
- 26.48%
- ROE %
- 19.65%
- ROCE %
- 13.27%
- 4.67%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.38x
- Interest Coverage (x)
- 1.97x
- 0.22x
- Revenue Growth %
- 34.21%
- Operating Profit Growth %
- 28.62%
- Net Profit Growth %
- 19.80%
- 23.32%
- P/E (x)
- 17.93x
- P/B (x)
- 3.26x
- Dividend Yield %
- 1.09%
- 12.58x
- EPS (₹)
- 263.79
- Book Value (₹)
- 974.67
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 267.62
- Operating Margin %
- 81.52%
- Net Margin %
- 33.99%
- ROE %
- 30.97%
- ROCE %
- 15.87%
- 6.46%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.88x
- Interest Coverage (x)
- 2.29x
- 0.22x
- Revenue Growth %
- 54.39%
- Operating Profit Growth %
- 71.77%
- Net Profit Growth %
- 98.17%
- 98.58%
- P/E (x)
- 11.98x
- P/B (x)
- 3.24x
- Dividend Yield %
- 0.95%
- 10.43x
Documents
Announcements
- 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
- General Updates
2026-08-11 - Muthoot Finance Limited has informed the Exchange about General Updates
Annual Reports
Credit Ratings
- Credit Rating- Revision
2025-08-23 - Muthoot Finance Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
May 2026
Feb 2026

