Muthoot Finance Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 22.2% 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 22.7%
- Company has delivered good sales growth of 21.2% CAGR over last 5 years
- Operating margins have improved to 85.9% from 80.2%
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 (11.9%)
* 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 | 1095.15 | 33.58 | 681835.39 | 0.55 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1125.05 | 23.39 | 264722.41 | 0.96 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | CHOLAFIN | 1910.00 | 28.36 | 163126.61 | 0.10 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 4. | JIOFIN | 244.95 | 78.27 | 161743.95 | 0.24 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 5. | TATACAP | 365.60 | 28.72 | 155192.41 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11353.35 | 14.27 | 126355.42 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2972.00 | 10.49 | 119316.43 | 1.01 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 408.00 | 27.21 | 111671.47 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 314.90 | 24.80 | 78915.38 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 646.05 | 0.00 | 61480.86 | 0.39 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 691.85 | 26.41 | 57468.10 | 0.58 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | M&MFIN | 382.45 | 16.34 | 53159.45 | 1.96 | 927.48 | 75.34 | 5717.91 | 23.09 | 8.63 | 64.82 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,977 | 3,037 | 3,141 | 3,382 | 3,677 | 4,089 | 4,394 | 4,821 | 5,660 | 6,377 | 7,185 | 8,116 | 7,589 | |
| 635 | 572 | 566 | 753 | 849 | 852 | 913 | 951 | 832 | 971 | 1,007 | 1,154 | 4,180 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 28 | 14 | 8 | 9 | 6 | 9 | 8 | 20 | 17 | 29 | 20 | 14 | 14 |
| Interest | 1,064 | 1,156 | 1,212 | 1,223 | 1,351 | 1,550 | 1,648 | 1,880 | 2,119 | 2,313 | 2,647 | 2,863 | 3,146 |
| Depreciation | 13 | 15 | 17 | 19 | 18 | 16 | 20 | 23 | 24 | 26 | 28 | 10 | 20 |
| 1,315 | 1,330 | 1,380 | 1,424 | 1,492 | 1,708 | 1,851 | 2,020 | 2,745 | 3,151 | 3,582 | 4,167 | 3,423 | |
| Tax % | 25.82% | 25.50% | 25.59% | 25.80% | 27.69% | 26.75% | 26.34% | 25.37% | 25.47% | 25.58% | 25.83% | 25.94% | 25.49% |
| Net Profit | 975 | 991 | 1,027 | 1,056 | 1,079 | 1,251 | 1,363 | 1,508 | 2,046 | 2,345 | 2,656 | 3,086 | 2,550 |
| 24 | 25 | 26 | 26 | 27 | 31 | 34 | 38 | 51 | 58 | 66 | 77 | 6 | |
| 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% |
- 2,977
- 635
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 1,064
- Depreciation
- 13
- 1,315
- Tax %
- 25.82%
- Net Profit
- 975
- 24
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,037
- 572
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 1,156
- Depreciation
- 15
- 1,330
- Tax %
- 25.50%
- Net Profit
- 991
- 25
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,141
- 566
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1,212
- Depreciation
- 17
- 1,380
- Tax %
- 25.59%
- Net Profit
- 1,027
- 26
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,382
- 753
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1,223
- Depreciation
- 19
- 1,424
- Tax %
- 25.80%
- Net Profit
- 1,056
- 26
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,677
- 849
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1,351
- Depreciation
- 18
- 1,492
- Tax %
- 27.69%
- Net Profit
- 1,079
- 27
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,089
- 852
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1,550
- Depreciation
- 16
- 1,708
- Tax %
- 26.75%
- Net Profit
- 1,251
- 31
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,394
- 913
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1,648
- Depreciation
- 20
- 1,851
- Tax %
- 26.34%
- Net Profit
- 1,363
- 34
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,821
- 951
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 1,880
- Depreciation
- 23
- 2,020
- Tax %
- 25.37%
- Net Profit
- 1,508
- 38
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,660
- 832
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 2,119
- Depreciation
- 24
- 2,745
- Tax %
- 25.47%
- Net Profit
- 2,046
- 51
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 6,377
- 971
- Operating Profit
- —
- OPM %
- —
- Other Income
- 29
- Interest
- 2,313
- Depreciation
- 26
- 3,151
- Tax %
- 25.58%
- Net Profit
- 2,345
- 58
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,185
- 1,007
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 2,647
- Depreciation
- 28
- 3,582
- Tax %
- 25.83%
- Net Profit
- 2,656
- 66
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 8,116
- 1,154
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 2,863
- Depreciation
- 10
- 4,167
- Tax %
- 25.94%
- Net Profit
- 3,086
- 77
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 7,589
- 4,180
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 3,146
- Depreciation
- 20
- 3,423
- Tax %
- 25.49%
- Net Profit
- 2,550
- 6
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 401
- Reserves
- 0
- Promoter Pledge %
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,729 | 6,267 | 6,878 | 8,715 | 10,557 | 11,082 | 10,515 | 12,635 | 17,099 | 27,558 | 29,267 | |
| 1,479 | 1,510 | 1,519 | 1,827 | 1,818 | 1,891 | 2,110 | 2,513 | 3,522 | 3,884 | 7,312 | |
| Operating Profit | 4,267 | 4,823 | 5,362 | 6,896 | 8,756 | 9,208 | 8,434 | 10,181 | 13,613 | 23,716 | — |
| OPM % | 74 | 77 | 78 | 79 | 83 | 83 | 80 | 81 | 80 | 86 | — |
| Other Income | 18 | 67 | 2 | 8 | 17 | 16 | 29 | 59 | 36 | 42 | 77 |
| Interest | 2,298 | 1,935 | 2,243 | 2,796 | 3,699 | 3,845 | 3,709 | 4,667 | 6,466 | 9,984 | 10,968 |
| Depreciation | 48 | 44 | 42 | 43 | 51 | 54 | 58 | 66 | 77 | 87 | 83 |
| 1,921 | 2,845 | 3,077 | 4,057 | 5,007 | 5,309 | 4,666 | 5,449 | 7,071 | 13,645 | 14,323 | |
| Tax % | 39 | 38 | 36 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Net Profit | 1,180 | 1,778 | 1,972 | 3,018 | 3,722 | 3,954 | 3,474 | 4,050 | 5,201 | 10,134 | 10,638 |
| EPS | 29 | 44 | 49 | 75 | 93 | 98 | 87 | 101 | 130 | 252 | — |
| Dividend Payout % | 20 | 23 | 24 | 20 | 22 | 20 | 25 | 24 | 20 | 12 | — |
| 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 | 30 | 44 | 49 | 75 | 93 | 99 | 87 | 101 | 130 | 252 | — |
| 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 | 30 | 44 | 49 | 75 | 93 | 99 | 87 | 101 | 130 | 252 | — |
- 5,729
- 1,479
- Operating Profit
- 4,267
- OPM %
- 74
- Other Income
- 18
- Interest
- 2,298
- Depreciation
- 48
- 1,921
- Tax %
- 39
- Net Profit
- 1,180
- EPS
- 29
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- 6,267
- 1,510
- Operating Profit
- 4,823
- OPM %
- 77
- Other Income
- 67
- Interest
- 1,935
- Depreciation
- 44
- 2,845
- Tax %
- 38
- Net Profit
- 1,778
- EPS
- 44
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 44
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 44
- 6,878
- 1,519
- Operating Profit
- 5,362
- OPM %
- 78
- Other Income
- 2
- Interest
- 2,243
- Depreciation
- 42
- 3,077
- Tax %
- 36
- Net Profit
- 1,972
- EPS
- 49
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 49
- 8,715
- 1,827
- Operating Profit
- 6,896
- OPM %
- 79
- Other Income
- 8
- Interest
- 2,796
- Depreciation
- 43
- 4,057
- Tax %
- 26
- Net Profit
- 3,018
- EPS
- 75
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 75
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 75
- 10,557
- 1,818
- Operating Profit
- 8,756
- OPM %
- 83
- Other Income
- 17
- Interest
- 3,699
- Depreciation
- 51
- 5,007
- Tax %
- 26
- Net Profit
- 3,722
- EPS
- 93
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 93
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 93
- 11,082
- 1,891
- Operating Profit
- 9,208
- OPM %
- 83
- Other Income
- 16
- Interest
- 3,845
- Depreciation
- 54
- 5,309
- Tax %
- 26
- Net Profit
- 3,954
- EPS
- 98
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 99
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 99
- 10,515
- 2,110
- Operating Profit
- 8,434
- OPM %
- 80
- Other Income
- 29
- Interest
- 3,709
- Depreciation
- 58
- 4,666
- Tax %
- 26
- Net Profit
- 3,474
- EPS
- 87
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 87
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 87
- 12,635
- 2,513
- Operating Profit
- 10,181
- OPM %
- 81
- Other Income
- 59
- Interest
- 4,667
- Depreciation
- 66
- 5,449
- Tax %
- 26
- Net Profit
- 4,050
- EPS
- 101
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 101
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 101
- 17,099
- 3,522
- Operating Profit
- 13,613
- OPM %
- 80
- Other Income
- 36
- Interest
- 6,466
- Depreciation
- 77
- 7,071
- Tax %
- 26
- Net Profit
- 5,201
- EPS
- 130
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 130
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 130
- 27,558
- 3,884
- Operating Profit
- 23,716
- OPM %
- 86
- Other Income
- 42
- Interest
- 9,984
- Depreciation
- 87
- 13,645
- Tax %
- 26
- Net Profit
- 10,134
- EPS
- 252
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 252
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 252
- 29,267
- 7,312
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 10,968
- Depreciation
- 83
- 14,323
- Tax %
- 26
- Net Profit
- 10,638
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 19%
- 5 Years:
- 21%
- 3 Years:
- 38%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 29%
- 5 Years:
- 22%
- 3 Years:
- 43%
STOCK PRICE CAGR
- 10 Years:
- 25%
- 5 Years:
- 16%
- 3 Years:
- 34%
- 1 Year:
- 13%
RETURN ON EQUITY
- 10 Years:
- 23%
- 5 Years:
- 22%
- 3 Years:
- 23%
- Last Year:
- 31%
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 | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 399 | 400 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| 6,095 | 7,393 | 9,376 | 11,158 | 14,827 | 17,937 | 20,658 | 23,888 | 28,036 | 37,341 | |
| 15,950 | 13,800 | 17,147 | 23,958 | 24,522 | 22,066 | 19,346 | 32,275 | 39,838 | 50,546 | |
| Trade Payables | 111 | 124 | 163 | 218 | 202 | 114 | 79 | 100 | 115 | 116 |
| 8,799 | 9,068 | 10,964 | 14,725 | 23,485 | 29,987 | 32,095 | 28,331 | 52,798 | 91,463 | |
| Total Liabilities | 31,355 | 30,786 | 38,051 | 50,460 | 63,436 | 70,506 | 72,580 | 84,996 | 1,21,189 | 1,79,867 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 208 | 200 | 193 | 228 | 247 | 267 | 272 | 350 | 480 | 514 | |
| Capital Work in Progress | 10 | 6 | 23 | 29 | 38 | 46 | 67 | 88 | 13 | 10 |
| 209 | 395 | 983 | 1,438 | 1,590 | 1,320 | 1,317 | 2,268 | 4,499 | 3,855 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Cash & Bank | 1,534 | 487 | 1,736 | 5,641 | 7,190 | 9,243 | 6,461 | 5,045 | 7,191 | 11,707 |
| 29,394 | 29,697 | 35,118 | 43,124 | 54,371 | 59,630 | 64,462 | 77,242 | 1,09,005 | 1,63,780 | |
| Total Assets | 31,355 | 30,786 | 38,051 | 50,460 | 63,436 | 70,506 | 72,580 | 84,996 | 1,21,189 | 1,79,867 |
| Total Debt | 20,985 | 21,167 | 26,833 | 37,130 | 45,946 | 49,811 | 49,734 | 58,783 | 89,820 | 1,38,443 |
| Net Working Capital | 10,823 | -14,743 | -16,745 | -19,217 | -18,892 | -15,071 | -14,596 | -28,762 | -33,276 | -41,877 |
| Contingent Liabilities | 540 | 579 | 798 | 742 | 850 | 710 | 759 | 717 | 717 | 801 |
| Book Value per Share | 162.57 | 194.82 | 244.00 | 288.22 | 379.57 | 456.92 | 524.60 | 605.02 | 708.33 | 940.11 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 20,985 | 21,167 | 26,833 | 37,130 | 45,946 | 49,811 | 49,734 | 58,783 | 89,820 | 1,38,443 |
| Net Working Capital | 10,823 | -14,743 | -16,745 | -19,217 | -18,892 | -15,071 | -14,596 | -28,762 | -33,276 | -41,877 |
| Contingent Liabilities | 540 | 579 | 798 | 742 | 850 | 710 | 759 | 717 | 717 | 801 |
| Book Value per Share | 162.57 | 194.82 | 244.00 | 288.22 | 379.57 | 456.92 | 524.60 | 605.02 | 708.33 | 940.11 |
| 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
- 6,095
- 15,950
- Trade Payables
- 111
- 8,799
- Total Liabilities
- 31,355
- 208
- Capital Work in Progress
- 10
- 209
- 0
- Cash & Bank
- 1,534
- 29,394
- Total Assets
- 31,355
- Total Debt
- 20,985
- Net Working Capital
- 10,823
- Contingent Liabilities
- 540
- Book Value per Share
- 162.57
- Face Value
- 10.00
- Total Debt
- 20,985
- Net Working Capital
- 10,823
- Contingent Liabilities
- 540
- Book Value per Share
- 162.57
- Face Value
- 10.00
- Equity Capital
- 400
- 7,393
- 13,800
- Trade Payables
- 124
- 9,068
- Total Liabilities
- 30,786
- 200
- Capital Work in Progress
- 6
- 395
- 0
- Cash & Bank
- 487
- 29,697
- Total Assets
- 30,786
- Total Debt
- 21,167
- Net Working Capital
- -14,743
- Contingent Liabilities
- 579
- Book Value per Share
- 194.82
- Face Value
- 10.00
- Total Debt
- 21,167
- Net Working Capital
- -14,743
- Contingent Liabilities
- 579
- Book Value per Share
- 194.82
- Face Value
- 10.00
- Equity Capital
- 401
- 9,376
- 17,147
- Trade Payables
- 163
- 10,964
- Total Liabilities
- 38,051
- 193
- Capital Work in Progress
- 23
- 983
- 0
- Cash & Bank
- 1,736
- 35,118
- Total Assets
- 38,051
- Total Debt
- 26,833
- Net Working Capital
- -16,745
- Contingent Liabilities
- 798
- Book Value per Share
- 244.00
- Face Value
- 10.00
- Total Debt
- 26,833
- Net Working Capital
- -16,745
- Contingent Liabilities
- 798
- Book Value per Share
- 244.00
- Face Value
- 10.00
- Equity Capital
- 401
- 11,158
- 23,958
- Trade Payables
- 218
- 14,725
- Total Liabilities
- 50,460
- 228
- Capital Work in Progress
- 29
- 1,438
- 0
- Cash & Bank
- 5,641
- 43,124
- Total Assets
- 50,460
- Total Debt
- 37,130
- Net Working Capital
- -19,217
- Contingent Liabilities
- 742
- Book Value per Share
- 288.22
- Face Value
- 10.00
- Total Debt
- 37,130
- Net Working Capital
- -19,217
- Contingent Liabilities
- 742
- Book Value per Share
- 288.22
- Face Value
- 10.00
- Equity Capital
- 401
- 14,827
- 24,522
- Trade Payables
- 202
- 23,485
- Total Liabilities
- 63,436
- 247
- Capital Work in Progress
- 38
- 1,590
- 0
- Cash & Bank
- 7,190
- 54,371
- Total Assets
- 63,436
- Total Debt
- 45,946
- Net Working Capital
- -18,892
- Contingent Liabilities
- 850
- Book Value per Share
- 379.57
- Face Value
- 10.00
- Total Debt
- 45,946
- Net Working Capital
- -18,892
- Contingent Liabilities
- 850
- Book Value per Share
- 379.57
- Face Value
- 10.00
- Equity Capital
- 401
- 17,937
- 22,066
- Trade Payables
- 114
- 29,987
- Total Liabilities
- 70,506
- 267
- Capital Work in Progress
- 46
- 1,320
- 0
- Cash & Bank
- 9,243
- 59,630
- Total Assets
- 70,506
- Total Debt
- 49,811
- Net Working Capital
- -15,071
- Contingent Liabilities
- 710
- Book Value per Share
- 456.92
- Face Value
- 10.00
- Total Debt
- 49,811
- Net Working Capital
- -15,071
- Contingent Liabilities
- 710
- Book Value per Share
- 456.92
- Face Value
- 10.00
- Equity Capital
- 401
- 20,658
- 19,346
- Trade Payables
- 79
- 32,095
- Total Liabilities
- 72,580
- 272
- Capital Work in Progress
- 67
- 1,317
- 0
- Cash & Bank
- 6,461
- 64,462
- Total Assets
- 72,580
- Total Debt
- 49,734
- Net Working Capital
- -14,596
- Contingent Liabilities
- 759
- Book Value per Share
- 524.60
- Face Value
- 10.00
- Total Debt
- 49,734
- Net Working Capital
- -14,596
- Contingent Liabilities
- 759
- Book Value per Share
- 524.60
- Face Value
- 10.00
- Equity Capital
- 401
- 23,888
- 32,275
- Trade Payables
- 100
- 28,331
- Total Liabilities
- 84,996
- 350
- Capital Work in Progress
- 88
- 2,268
- 1
- Cash & Bank
- 5,045
- 77,242
- Total Assets
- 84,996
- Total Debt
- 58,783
- Net Working Capital
- -28,762
- Contingent Liabilities
- 717
- Book Value per Share
- 605.02
- Face Value
- 10.00
- Total Debt
- 58,783
- Net Working Capital
- -28,762
- Contingent Liabilities
- 717
- Book Value per Share
- 605.02
- Face Value
- 10.00
- Equity Capital
- 401
- 28,036
- 39,838
- Trade Payables
- 115
- 52,798
- Total Liabilities
- 1,21,189
- 480
- Capital Work in Progress
- 13
- 4,499
- 1
- Cash & Bank
- 7,191
- 1,09,005
- Total Assets
- 1,21,189
- Total Debt
- 89,820
- Net Working Capital
- -33,276
- Contingent Liabilities
- 717
- Book Value per Share
- 708.33
- Face Value
- 10.00
- Total Debt
- 89,820
- Net Working Capital
- -33,276
- Contingent Liabilities
- 717
- Book Value per Share
- 708.33
- Face Value
- 10.00
- Equity Capital
- 401
- 37,341
- 50,546
- Trade Payables
- 116
- 91,463
- Total Liabilities
- 1,79,867
- 514
- Capital Work in Progress
- 10
- 3,855
- 1
- Cash & Bank
- 11,707
- 1,63,780
- Total Assets
- 1,79,867
- Total Debt
- 1,38,443
- Net Working Capital
- -41,877
- Contingent Liabilities
- 801
- Book Value per Share
- 940.11
- Face Value
- 10.00
- Total Debt
- 1,38,443
- Net Working Capital
- -41,877
- Contingent Liabilities
- 801
- Book Value per Share
- 940.11
- Face Value
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1,710 | -87 | -3,858 | -4,458 | -7,477 | -1,142 | -1,902 | -9,302 | -25,855 | -42,324 | |
| Cash from Investing | -134 | -194 | -585 | -429 | 48 | 408 | 188 | -739 | -1,944 | 1,270 |
| Cash from Financing | 2,457 | -554 | 5,701 | 8,678 | 9,041 | 2,796 | -1,036 | 8,649 | 29,933 | 45,569 |
| 613 | -834 | 1,258 | 3,791 | 1,612 | 2,062 | -2,750 | -1,392 | 2,134 | 4,516 | |
| Free Cash Flow | -1,748 | -87 | -3,909 | -4,542 | -7,555 | -1,222 | -1,985 | -9,465 | -25,984 | -42,422 |
| OCF / Net Profit | -1.45 | -0.05 | -1.96 | -1.48 | -2.01 | -0.29 | -0.55 | -2.30 | -4.97 | -4.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -17,841 | -17,315 | -19,214 | -24,769 | -46,211 | -81,078 |
| OCF / Net Profit | -1.45 | -0.05 | -1.96 | -1.48 | -2.01 | -0.29 | -0.55 | -2.30 | -4.97 | -4.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -17,841 | -17,315 | -19,214 | -24,769 | -46,211 | -81,078 |
- -1,710
- Cash from Investing
- -134
- Cash from Financing
- 2,457
- 613
- Free Cash Flow
- -1,748
- OCF / Net Profit
- -1.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.45
- Cumulative 5-Year FCF
- 0
- -87
- Cash from Investing
- -194
- Cash from Financing
- -554
- -834
- Free Cash Flow
- -87
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
- -3,858
- Cash from Investing
- -585
- Cash from Financing
- 5,701
- 1,258
- Free Cash Flow
- -3,909
- OCF / Net Profit
- -1.96
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.96
- Cumulative 5-Year FCF
- 0
- -4,458
- Cash from Investing
- -429
- Cash from Financing
- 8,678
- 3,791
- Free Cash Flow
- -4,542
- OCF / Net Profit
- -1.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.48
- Cumulative 5-Year FCF
- 0
- -7,477
- Cash from Investing
- 48
- Cash from Financing
- 9,041
- 1,612
- Free Cash Flow
- -7,555
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- -17,841
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- -17,841
- -1,142
- Cash from Investing
- 408
- Cash from Financing
- 2,796
- 2,062
- Free Cash Flow
- -1,222
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- -17,315
- OCF / Net Profit
- -0.29
- Cumulative 5-Year FCF
- -17,315
- -1,902
- Cash from Investing
- 188
- Cash from Financing
- -1,036
- -2,750
- Free Cash Flow
- -1,985
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- -19,214
- OCF / Net Profit
- -0.55
- Cumulative 5-Year FCF
- -19,214
- -9,302
- Cash from Investing
- -739
- Cash from Financing
- 8,649
- -1,392
- Free Cash Flow
- -9,465
- OCF / Net Profit
- -2.30
- Cumulative 5-Year FCF
- -24,769
- OCF / Net Profit
- -2.30
- Cumulative 5-Year FCF
- -24,769
- -25,855
- Cash from Investing
- -1,944
- Cash from Financing
- 29,933
- 2,134
- Free Cash Flow
- -25,984
- OCF / Net Profit
- -4.97
- Cumulative 5-Year FCF
- -46,211
- OCF / Net Profit
- -4.97
- Cumulative 5-Year FCF
- -46,211
- -42,324
- Cash from Investing
- 1,270
- Cash from Financing
- 45,569
- 4,516
- Free Cash Flow
- -42,422
- OCF / Net Profit
- -4.18
- Cumulative 5-Year FCF
- -81,078
- OCF / Net Profit
- -4.18
- Cumulative 5-Year FCF
- -81,078
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 (₹) | 29.53 | 44.43 | 49.22 | 75.26 | 92.78 | 98.53 | 86.53 | 100.87 | 129.54 | 252.43 |
| Book Value (₹) | 162.57 | 194.82 | 244.00 | 288.22 | 379.57 | 456.92 | 524.60 | 605.02 | 708.33 | 940.11 |
| 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 (₹) | 30.74 | 45.53 | 50.27 | 76.34 | 94.04 | 99.87 | 87.98 | 102.51 | 131.46 | 254.60 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 74.49% | 76.97% | 77.96% | 79.13% | 82.94% | 83.09% | 80.21% | 80.11% | 79.40% | 85.91% |
| Net Margin % | 20.60% | 28.37% | 28.67% | 34.63% | 35.26% | 35.68% | 33.03% | 32.05% | 30.42% | 36.77% |
| ROE % | 19.52% | 24.88% | 22.45% | 28.29% | 27.79% | 23.56% | 17.63% | 17.86% | 19.73% | 30.63% |
| ROCE % | 16.32% | 16.92% | 16.22% | 16.06% | 15.84% | 14.15% | 12.06% | 13.15% | 13.45% | 16.05% |
| 4.02% | 5.72% | 5.73% | 6.82% | 6.54% | 5.90% | 4.86% | 5.14% | 5.04% | 6.73% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 87 | 38 | 1 | 0 | 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 |
| 87 | 38 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 3.23x | 2.72x | 2.74x | 3.21x | 3.02x | 2.72x | 2.36x | 2.42x | 3.16x | 3.67x |
| Interest Coverage (x) | 1.84x | 2.47x | 2.37x | 2.45x | 2.35x | 2.38x | 2.26x | 2.17x | 2.09x | 2.37x |
| 1.54x | 0.04x | 0.10x | 0.25x | 0.29x | 0.38x | 0.31x | 0.15x | 0.22x | 0.23x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 17.84% | 9.39% | 9.76% | 26.70% | 21.14% | 4.97% | -5.12% | 20.16% | 35.33% | 61.17% |
| Operating Profit Growth % | 17.43% | 13.03% | 11.17% | 28.61% | 26.98% | 5.15% | -8.40% | 20.71% | 33.71% | 74.22% |
| Net Profit Growth % | 45.74% | 50.66% | 10.95% | 53.05% | 23.32% | 6.24% | -12.16% | 16.59% | 28.42% | 94.86% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 16.58% | 28.42% | 94.86% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 14.65x | 18.39x | 12.52x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.44x | 3.36x | 3.36x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.62% | 1.09% | 0.95% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.11x | 13.09x | 10.69x |
- EPS (₹)
- 29.53
- Book Value (₹)
- 162.57
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 30.74
- Operating Margin %
- 74.49%
- Net Margin %
- 20.60%
- ROE %
- 19.52%
- ROCE %
- 16.32%
- 4.02%
- Debtor Days
- 87
- Inventory Days
- 0
- Payable Days
- 0
- 87
- Debt to Equity (x)
- 3.23x
- Interest Coverage (x)
- 1.84x
- 1.54x
- Revenue Growth %
- 17.84%
- Operating Profit Growth %
- 17.43%
- Net Profit Growth %
- 45.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 44.43
- Book Value (₹)
- 194.82
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 45.53
- Operating Margin %
- 76.97%
- Net Margin %
- 28.37%
- ROE %
- 24.88%
- ROCE %
- 16.92%
- 5.72%
- Debtor Days
- 38
- Inventory Days
- 0
- Payable Days
- 0
- 38
- Debt to Equity (x)
- 2.72x
- Interest Coverage (x)
- 2.47x
- 0.04x
- Revenue Growth %
- 9.39%
- Operating Profit Growth %
- 13.03%
- Net Profit Growth %
- 50.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 49.22
- Book Value (₹)
- 244.00
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 50.27
- Operating Margin %
- 77.96%
- Net Margin %
- 28.67%
- ROE %
- 22.45%
- ROCE %
- 16.22%
- 5.73%
- Debtor Days
- 1
- Inventory Days
- 0
- Payable Days
- 0
- 1
- Debt to Equity (x)
- 2.74x
- Interest Coverage (x)
- 2.37x
- 0.10x
- Revenue Growth %
- 9.76%
- Operating Profit Growth %
- 11.17%
- Net Profit Growth %
- 10.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 75.26
- Book Value (₹)
- 288.22
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 76.34
- Operating Margin %
- 79.13%
- Net Margin %
- 34.63%
- ROE %
- 28.29%
- ROCE %
- 16.06%
- 6.82%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.21x
- Interest Coverage (x)
- 2.45x
- 0.25x
- Revenue Growth %
- 26.70%
- Operating Profit Growth %
- 28.61%
- Net Profit Growth %
- 53.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 92.78
- Book Value (₹)
- 379.57
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 94.04
- Operating Margin %
- 82.94%
- Net Margin %
- 35.26%
- ROE %
- 27.79%
- ROCE %
- 15.84%
- 6.54%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.02x
- Interest Coverage (x)
- 2.35x
- 0.29x
- Revenue Growth %
- 21.14%
- Operating Profit Growth %
- 26.98%
- Net Profit Growth %
- 23.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 98.53
- Book Value (₹)
- 456.92
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 99.87
- Operating Margin %
- 83.09%
- Net Margin %
- 35.68%
- ROE %
- 23.56%
- ROCE %
- 14.15%
- 5.90%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.72x
- Interest Coverage (x)
- 2.38x
- 0.38x
- Revenue Growth %
- 4.97%
- Operating Profit Growth %
- 5.15%
- Net Profit Growth %
- 6.24%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 86.53
- Book Value (₹)
- 524.60
- Dividend per Share (₹)
- 22.00
- Cash EPS (₹)
- 87.98
- Operating Margin %
- 80.21%
- Net Margin %
- 33.03%
- ROE %
- 17.63%
- ROCE %
- 12.06%
- 4.86%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.36x
- Interest Coverage (x)
- 2.26x
- 0.31x
- Revenue Growth %
- -5.12%
- Operating Profit Growth %
- -8.40%
- Net Profit Growth %
- -12.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 100.87
- Book Value (₹)
- 605.02
- Dividend per Share (₹)
- 24.00
- Cash EPS (₹)
- 102.51
- Operating Margin %
- 80.11%
- Net Margin %
- 32.05%
- ROE %
- 17.86%
- ROCE %
- 13.15%
- 5.14%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.42x
- Interest Coverage (x)
- 2.17x
- 0.15x
- Revenue Growth %
- 20.16%
- Operating Profit Growth %
- 20.71%
- Net Profit Growth %
- 16.59%
- 16.58%
- P/E (x)
- 14.65x
- P/B (x)
- 2.44x
- Dividend Yield %
- 1.62%
- 11.11x
- EPS (₹)
- 129.54
- Book Value (₹)
- 708.33
- Dividend per Share (₹)
- 26.00
- Cash EPS (₹)
- 131.46
- Operating Margin %
- 79.40%
- Net Margin %
- 30.42%
- ROE %
- 19.73%
- ROCE %
- 13.45%
- 5.04%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.16x
- Interest Coverage (x)
- 2.09x
- 0.22x
- Revenue Growth %
- 35.33%
- Operating Profit Growth %
- 33.71%
- Net Profit Growth %
- 28.42%
- 28.42%
- P/E (x)
- 18.39x
- P/B (x)
- 3.36x
- Dividend Yield %
- 1.09%
- 13.09x
- EPS (₹)
- 252.43
- Book Value (₹)
- 940.11
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 254.60
- Operating Margin %
- 85.91%
- Net Margin %
- 36.77%
- ROE %
- 30.63%
- ROCE %
- 16.05%
- 6.73%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.67x
- Interest Coverage (x)
- 2.37x
- 0.23x
- Revenue Growth %
- 61.17%
- Operating Profit Growth %
- 74.22%
- Net Profit Growth %
- 94.86%
- 94.86%
- P/E (x)
- 12.52x
- P/B (x)
- 3.36x
- Dividend Yield %
- 0.95%
- 10.69x
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

