Muthoot Finance Ltd
Muthoot Finance Ltd
Financial Services F&OKey Fundamentals
LargecapNBFCFinancial ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Muthoot Finance Ltd insights
43 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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 3.17 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Muthoot Finance Ltd, India's largest gold loan NBFC with a market cap of ₹1,22,103 Cr, is trading at a PE of 10.4x with TTM profit growth of 85% and a 10-year ROE averaging 24%. The stock trades at 2.94x book value while delivering 51% TTM sales growth, reflecting a period of accelerated earnings momentum.
- TTM profit growth of 85% signals exceptional near-term earnings acceleration
- 5-year compounded profit CAGR of 23% demonstrates sustained long-term earnings growth
- PE of 10.4x is relatively undemanding for a company growing profits at 43% CAGR over 3 years
- ROE of 31% in the last year is well above the 10-year average of 24%, indicating improving capital efficiency
- TTM sales growth of 51% with 10-year median sales growth of 19.7% shows significant revenue acceleration
- 10-year stock CAGR of 25% reflects consistent long-term wealth creation
- Consistent dividend payout of 17.7% with current yield of 1.01% provides income alongside growth
- Gold loan business model benefits from rising gold prices, providing natural collateral appreciation
- Stock trades at 2.94x book value, elevated for an NBFC and above historical median levels
- 52-week high and low data unavailable, limiting visibility on recent price range and potential downside
- Debt-to-equity ratio not disclosed, creating uncertainty about leverage in the balance sheet
- Gold loan NBFCs face periodic RBI regulatory tightening on loan-to-value ratios and auction norms
- TTM sales growth of 51% may not be sustainable and could mean-revert toward the 10-year average of 20%
- Concentrated business model dependent on gold prices — a sharp decline in gold could compress AUM and margins
- Rising competition from banks offering gold loans at lower rates could pressure yields and market share
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- AUM growth to surpass 15% guidance Aug 3
Management expects to surpass its 15% AUM growth guidance in coming quarters, driven by strong gold loan portfolio performance.
- Alexander George appointed as MD Aug 1
Alexander George appointed Managing Director effective Oct 1, 2026, subject to AGM approval. George Alexander Muthoot moves to Executive Vice Chairman role.
- RBI ongoing Forex License received Aug 7
Muthoot Finance received an ongoing Forex License from RBI, enabling broader remittance and foreign exchange services across its pan-India network.
- BRSR filed for FY 2025-26 Aug 7
Submitted Business Responsibility and Sustainability Report for FY 2025-26 covering ESG governance, workforce data, and CSR impact.
- 29th AGM scheduled Aug 31 Aug 7
AGM set for Aug 31, 2026 with votes on Alexander George as MD and reappointment of several directors.
- Rs 15.27 Cr block trade on NSE Aug 3
Institutional block trade of ~53,834 shares executed at Rs 2,836.80 per share, totaling Rs 15.27 crores on NSE.
- Q4FY26 analyst call recording posted Aug 3
Audio recording of analyst call discussing unaudited results for quarter ended June 30, 2026 made available on company website.
- Q1FY27 earnings call scheduled Jul 29
Q1 FY27 results conference call scheduled for Aug 1, 2026 at 4:00 PM IST, hosted from Kochi with global dial-in.
TL;DR: Muthoot Finance is in a strong operational phase with management guiding above 15% AUM growth on the back of its core gold lending business. Leadership transition is orderly with Alexander George taking over as MD from Oct 2026. The RBI Forex License adds a new revenue avenue. No visible headwinds in the current news cycle, and the overall trend appears to be improving.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13% | 15% | 20% | 25% | 23% | 29% | 28% | 23% | 18% | 18% | 20% | 31% |
Documents
Frequently Asked Questions about Muthoot Finance Ltd
What does Muthoot Finance Ltd do?
Where is Muthoot Finance Ltd (MUTHOOTFIN) listed?
Which sector does Muthoot Finance Ltd belong to?
What is the market capitalisation of Muthoot Finance Ltd?
What is the PE ratio of Muthoot Finance Ltd?
What is the 52-week high and low of Muthoot Finance Ltd?
Does Muthoot Finance Ltd pay dividends?
What is the Return on Equity (ROE) of Muthoot Finance Ltd?
How can I research Muthoot Finance Ltd on Tapetide?
Company Information
Muthoot Finance is NBFC engaged in the business of providing gold loans. The company predominately operates in Southern India[1]