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Muthoot Finance

MUTHOOTFIN NSE
₹2,709.80 +181.60 (+7.18%)
P/E
9.57
View as Markdown
MCP
Close 4 Nov 2026 ₹2,709.80 −474.00 −14.9% 1Y
Start ₹3,183.80

Key Fundamentals

MidcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
3.88
EPS (TTM)
₹283.28
Book Value
₹1,094.14
Market Cap
—
P/E (TTM)
9.57
P/B
2.48
ROE
30.90%
Dividend Yield
1.19%
52W High
₹4,149.50
52W Low
₹2,305.00
Day Range
₹2,520.30 – ₹2,741.00
Volume
21,72,336
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Muthoot Finance peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance (this company)
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Median 7 companies₹908.7523.14₹1,41,036 Cr2.930.62%16.40%—₹32,695 Cr₹5,751 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

59 Good

Data confidence 94/100

Category scores

Quality
75
Strong
Returns, margins, earnings quality 22% weight
Valuation
66
Strong
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
64
Good
Solvency, leverage, coverage 9% weight
Momentum
10
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.7%
  • Company's median sales growth is 19.7% of last 10 years

Weaknesses

1
  • Stock is trading at 2.69 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish748
OscillatorsBullish243
Moving AveragesNeutral505

Key readings

RSI (14)
58.68
Neutral
MACD (12,26,9)
−56.13
Bullish
SMA (50)
2,737.97
Bearish
SMA (200)
3,171.73
Bearish

As of

Analyst Rating

Based on 22 analysts
BUY55%

12 of 22 analysts rate Buy, 5 Hold, 5 Sell.

As of

BUY
12
55%
HOLD
5
23%
SELL
5
23%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+20.25%
5Y+22.03%
3Y+37.91%
1Y+54.39%
TTM+50.66%

Net profit

Net profit growth by window
10Y+29.21%
5Y+22.67%
3Y+42.44%
1Y+98.19%
TTM+86.87%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,935 Cr
Mar 2018₹6,714 Cr
Mar 2019₹7,594 Cr
Mar 2020₹9,684 Cr
Mar 2021₹11,535 Cr
Mar 2022₹12,186 Cr
Mar 2023₹11,898 Cr
Mar 2024₹15,062 Cr
Mar 2025₹20,214 Cr
Mar 2026₹31,209 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,200 Cr
Mar 2018₹1,844 Cr
Mar 2019₹2,103 Cr
Mar 2020₹3,169 Cr
Mar 2021₹3,819 Cr
Mar 2022₹4,031 Cr
Mar 2023₹3,670 Cr
Mar 2024₹4,468 Cr
Mar 2025₹5,352 Cr
Mar 2026₹10,607 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹13,585 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 2.1× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

Muthoot Finance Ltd trades at a P/E of 9.57 and P/B of 2.48 as of 2026-11-04, with a market cap of ₹1,04,354 Cr. The company has delivered strong compounded profit growth of 23% CAGR over five years and an ROE of 26.67%, though the stock is down roughly 35% from its 52-week high of ₹4,149.5.

Bull Case 8
  • TTM profit growth of 85% signals a sharp acceleration in earnings momentum
  • ROE of 26.67% is well above typical NBFC benchmarks, with a 10-year average ROE of 24% showing consistency
  • P/E of 9.57 is modest for a company delivering 43% compounded profit growth over 3 years
  • Compounded sales growth of 38% over 3 years and 51% TTM demonstrates robust loan book expansion
  • Dividend yield of 1.19% supported by a consistent payout ratio of 17.7%, offering income alongside growth
  • 10-year compounded profit CAGR of 29% and sales CAGR of 20% reflect a durable long-term growth track record
  • Median sales growth of 19.7% over the last 10 years indicates sustained demand for gold-backed lending
  • Stock trading at ₹2,709.8 is approximately 17% above its 52-week low of ₹2,305, suggesting the recent correction may be stabilising
Bear Case 7
  • Stock has declined roughly 35% from its 52-week high of ₹4,149.5, reflecting significant negative sentiment or rerating risk
  • 1-year stock CAGR of -16% shows the market has not rewarded recent earnings growth with price appreciation
  • 5-year stock CAGR of only 12% lags the 5-year compounded profit growth of 23%, suggesting persistent valuation compression
  • ROCE of 15.43% is notably lower than ROE of 26.67%, reflecting the highly leveraged capital structure typical of gold finance NBFCs
  • Heavy concentration in gold loans exposes the business to gold price volatility — a sharp decline in gold prices could compress loan-to-value ratios and trigger margin calls
  • Regulatory tightening on gold loan NBFCs, including LTV caps and auction norms, remains an ongoing structural risk for the sector
  • TTM profit growth of 85% sets a very high base, making it challenging to sustain comparable growth rates in coming periods

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Muthoot Finance delivered a standout Q2FY27 with 34% profit growth, 42% AUM expansion, and meaningful yield improvement. The subsidiary lending business is scaling rapidly at near-100% growth. No material headwinds surfaced in recent coverage. If AUM growth and yield tailwinds sustain, the earnings trajectory remains firmly positive heading into H2FY27.

Positives 4
  • Strong Q2 profit beats estimates Nov 02

    Net profit rose 34% YoY to ₹3,250 crore in Q2FY27, beating analyst estimates by 14%.

  • Consolidated AUM surges 42% Nov 02

    Consolidated Loan AUM grew 42% YoY to ₹2,09,317 crore, with 9% sequential QoQ growth.

  • NII expands on yield gains Nov 02

    Net Interest Income expanded 23% QoQ, driven by 9% AUM growth and a 150 bps yield expansion.

Quarterly Results

₹ Cr
MUTHOOTFIN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
3,472
3,606
3,820
4,164
4,474
4,929
5,190
5,622
6,450
7,283
8,188
9,289
8,672
Expenses
847
805
872
1,121
1,226
1,324
1,405
1,549
1,422
1,480
1,426
1,528
1,408
Financing Profit
1,389
1,467
1,536
1,596
1,653
1,798
1,885
1,961
2,673
3,232
3,843
4,606
3,805
Fin. Margin %
40%
41%
40%
38%
37%
36%
36%
35%
41%
44%
47%
50%
44%
Other Income
37
26
23
16
19
29
32
6
16
50
20
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
PBT
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 %
26%
26%
25%
25%
27%
27%
26%
25%
26%
26%
26%
26%
26%
Net Profit
1,045
1,095
1,145
1,182
1,196
1,321
1,392
1,444
1,974
2,412
2,823
3,397
2,825
EPS (₹)
25.46
26.39
27.49
28.37
28.99
31.67
34.6
36.81
50.22
60.29
69.84
83.43
69.72

Profit & Loss

₹ Cr
MUTHOOTFIN profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
4,336
4,936
5,935
6,714
7,594
9,684
11,535
12,186
11,898
15,062
20,214
31,209
33,431
Expenses
1,110
1,268
1,554
1,656
1,747
2,207
2,259
2,490
2,747
3,622
5,422
5,767
5,841
Financing Profit
1,112
1,381
2,007
2,927
3,305
4,298
5,167
5,428
4,926
5,988
7,331
14,388
15,486
Fin. Margin %
26%
28%
34%
44%
44%
44%
45%
45%
41%
40%
36%
46%
46%
Other Income
1
5
3
67
6
22
32
52
75
101
51
54
95
Interest
2,114
2,288
2,374
2,132
2,543
3,180
4,109
4,268
4,225
5,452
7,461
11,054
12,103
Depreciation
84
59
52
52
52
59
67
70
78
92
116
137
134
PBT
1,029
1,327
1,959
2,942
3,260
4,260
5,131
5,410
4,923
5,996
7,266
14,305
15,448
Tax %
35%
38%
38%
37%
35%
26%
26%
25%
25%
26%
26%
26%
—
Net Profit
672
818
1,200
1,844
2,103
3,169
3,819
4,031
3,670
4,468
5,352
10,607
11,457
EPS (₹)
16.86
20.41
30.03
45.74
51.86
78.25
94.83
100
89.98
108
133
264
283
Div. Payout %
36%
29%
20%
22%
23%
19%
21%
20%
24%
22%
20%
11%
—

Balance Sheet

₹ Cr
MUTHOOTFIN balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
398
399
399
400
401
401
401
401
401
401
401
401
Reserves
4,686
5,223
6,139
7,457
9,531
11,428
15,174
18,384
21,264
24,706
28,965
38,729
Borrowing
19,621
18,854
22,177
23,891
30,128
40,952
50,414
54,569
55,804
68,125
99,383
1,51,806
Other Liabilities
2,292
2,918
3,469
1,925
1,675
2,085
2,638
2,946
2,664
3,221
4,085
4,784
Total Liabilities
26,996
27,395
32,184
33,672
41,734
54,867
68,627
76,300
80,134
96,453
1,32,835
1,95,721
Fixed Assets
269
235
257
251
259
314
327
342
386
482
682
721
CWIP
7
11
10
6
23
29
39
52
67
89
13
11
Investments
20
49
97
177
211
630
809
523
546
712
2,401
550
Other Assets
26,700
27,100
31,820
33,237
41,241
53,894
67,453
75,382
79,135
95,170
1,29,739
1,94,439
Total Assets
26,996
27,395
32,184
33,672
41,734
54,867
68,627
76,300
80,134
96,453
1,32,835
1,95,721

Cash Flow

₹ Cr
MUTHOOTFIN cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−479
108
−2,186
−1,432
−4,824
−4,970
−7,814
−1,596
−2,804
−13,605
−26,525
−47,393
Investing
21
−43
−177
−126
−162
−385
37
410
180
48
−1,375
2,461
Financing
249
−1,102
3,027
824
6,351
9,193
9,712
3,445
395
11,809
30,041
49,320
Net Cash Flow
−209
−1,036
664
−734
1,364
3,838
1,935
2,260
−2,229
−1,749
2,142
4,388
Free Cash Flow
−503
80
−2,240
−1,467
−4,901
−5,062
−7,904
−1,691
−2,944
−13,826
−26,740
−47,543
CFO/OP
−4
13
−30
−8
−62
−52
−70
−2
−16
−105
−168
−172

Ratios

MUTHOOTFIN financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
13%
15%
20%
25%
23%
29%
28%
23%
18%
18%
20%
31%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Muthoot Finance insights

57 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.35%
  • DIIs 12.55%
  • FIIs 9.72%
  • Public 3.74%
  • Others 0.65%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Muthoot Finance

What does Muthoot Finance Ltd do?
Muthoot Finance is NBFC engaged in the business of providing gold loans. The company predominately operates in Southern India
Where is Muthoot Finance Ltd (MUTHOOTFIN) listed?
Muthoot Finance Ltd trades as MUTHOOTFIN on the NSE and under code 533398 on the BSE.
Which sector does Muthoot Finance Ltd belong to?
Muthoot Finance Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Muthoot Finance Ltd?
Muthoot Finance Ltd trades at a PE ratio of 9.57 as of 4 Nov 2026, on earnings per share of ₹283.28, against a book value of ₹1,094.14 per share.
What is the 52-week high and low of Muthoot Finance Ltd?
Over the last 52 weeks Muthoot Finance Ltd has traded between ₹2,305 and ₹4,149.5 as of 4 Nov 2026.
Does Muthoot Finance Ltd pay dividends?
Muthoot Finance Ltd has a dividend yield of 1.19%.
What is the Return on Equity (ROE) of Muthoot Finance Ltd?
Muthoot Finance Ltd reported a return on equity of 30.90%. Its debt-to-equity ratio is 3.88.

Company Information

Muthoot Finance is NBFC engaged in the business of providing gold loans. The company predominately operates in Southern India

Website muthootfinance.com
CEO Mr. George Jacob Muthoot
Employees 31,113
Listed 6 May 2011
Face Value ₹10

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