Muthoot Finance Ltd logo

Muthoot Finance Ltd

MUTHOOTFIN NSE

Key Fundamentals

Volatility
Moderate
P/E Ratio
10.2
EBITDA
₹25,388 Cr
Return on Equity
17.85%
Debt to Equity
3.08
EPS
₹111.25
52W High
₹4,149.5
52W Low
₹2,476.6

Insights

Beta

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

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43 extracted metrics + investor summaries across FY15–FY26.

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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 2.86 times its book value

Growth Rate

Revenue Growth
53.55% ↗
Net Income Growth
96.73% ↗
Cash Flow Change
-94.96% ↘
ROE
2.88% ↗
ROCE
-11.11% ↘
EBITDA Margin (Avg.)
11.57% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Muthoot Finance Ltd, India's largest gold loan NBFC with a market cap of ₹1,17,646 Cr, is trading at a PE of 10.1x with TTM profit growth of 85% and a 5-year compounded profit CAGR of 23%. The company has delivered consistent ROE averaging 24% over the past decade while maintaining a dividend yield of 1.05%.

Bull Case 8
  • TTM revenue growth of 51% signals strong demand momentum for gold loans
  • TTM profit growth of 85% demonstrates significant operating leverage and earnings acceleration
  • PE ratio of 10.1x is modest for a company delivering 23% profit CAGR over 5 years, implying a PEG well below 1
  • ROE of 31% in the last year is best-in-class among NBFCs and up from 24% 3-year average
  • 10-year compounded sales CAGR of 20% and profit CAGR of 29% reflect a durable long-term growth franchise
  • Stock CAGR of 29% over 3 years reflects market recognition of improving fundamentals
  • Consistent dividend payout of 17.7% with current yield of 1.05% provides income alongside growth
  • Median sales growth of 19.7% over last 10 years indicates stable and predictable business scaling
Bear Case 7
  • Stock trades at 2.84x book value which is elevated for a lending business and limits margin of safety
  • Gold price dependency means a sharp correction in gold prices could compress loan-to-value ratios and raise asset quality concerns
  • TTM profit growth of 85% is unusually high and may not be sustainable, creating risk of earnings deceleration in coming quarters
  • Dividend yield of only 1.05% despite 17.7% payout ratio suggests limited capital return relative to earnings retention
  • Regulatory risk from RBI tightening norms on gold loan NBFCs, as seen in past circulars restricting LTV to 75%
  • Concentration risk with heavy dependence on a single product line — gold loans — makes revenue vulnerable to sector-specific disruptions
  • 5-year stock CAGR of only 13% versus 23% profit CAGR indicates periods of significant valuation compression

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2d ago
Headwinds 1
  • RBI fine for KYC lapses Jul 17

    RBI imposed a penalty of ₹5.80 Lakhs on Muthoot Finance for non-compliance with KYC norms, including lapses in risk categorization reviews and AML monitoring.

Positives 2
  • AUM growth to surpass 15% guidance Aug 3

    Management expects to surpass its previously guided 15% AUM growth rate in coming quarters, driven by the gold loan portfolio as the key growth engine.

  • New MD appointed from Oct 1 Aug 1

    Alexander George appointed as Managing Director effective Oct 1, 2026, subject to AGM approval, while George Alexander Muthoot moves to Executive Vice Chairman role.

Neutral 3
  • Q4FY26 analyst call recording posted Aug 3

    Muthoot Finance uploaded the audio recording of its analyst call discussing unaudited financial results for the quarter ended June 30, 2026.

  • ₹15.27 Cr block trade on NSE Aug 3

    A block trade of approximately 53,834 shares was executed at ₹2,836.80 per share on the NSE, totalling ₹15.27 crores, indicating institutional activity.

  • Q1FY27 earnings call scheduled Jul 29

    Q1 FY27 results conference call scheduled for August 01, 2026 at 4:00 PM IST, to be hosted from Kochi with global dial-in access.

TL;DR: Muthoot Finance is executing well on its core gold lending business, with management guiding above 15% AUM growth and a smooth leadership transition underway. The RBI KYC fine is minor at ₹5.80 Lakhs and unlikely to impact operations materially. Institutional block deal activity and confident management commentary suggest steady momentum. The trend is improving with strong growth visibility, though regulatory compliance needs tightening.

Quarterly Results

  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 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
Figures in ₹ Crores

Profit & Loss

  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
5,481
5,822
5,841
Financing Profit
1,112
1,381
2,007
2,927
3,305
4,298
5,167
5,428
4,926
5,988
7,272
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
110
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
11,000
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%
—
Figures in ₹ Crores

Balance Sheet

  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
4,817
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
1,95,754
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
10
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
1,94,472
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
1,95,754
Figures in ₹ Crores

Cash Flow

  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
2,458
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
4,385
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
Figures in ₹ Crores

Ratios

  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%

Shareholding Pattern

As of Jun 2026
Promoters 73.35%
FIIs 11.61%
DIIs 10.75%
Public 4.29%
Total 100.00%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
73.35%
FIIs
8.12%
8.34%
8.33%
8.68%
9.85%
10.26%
11.02%
10.84%
11.58%
11.75%
12.31%
11.61%
DIIs
14.64%
14.61%
14.72%
14.55%
13.30%
12.99%
11.75%
12.21%
11.37%
11.13%
10.43%
10.75%
Public
3.87%
3.72%
3.59%
3.41%
3.50%
3.38%
3.87%
3.60%
3.70%
3.77%
3.92%
4.29%
No. of Shareholders
2,17,233
2,03,284
1,94,951
1,82,990
2,98,304
3,04,528
3,05,672
2,88,688
2,99,709
3,05,964
3,14,887
3,12,071

Documents

1
Concall - May 2017 May 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Feb 2018 Feb 2018
5
Concall - May 2018 May 2018

Frequently Asked Questions about Muthoot Finance Ltd

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[1]
Where is Muthoot Finance Ltd (MUTHOOTFIN) listed?
Muthoot Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: MUTHOOTFIN and BSE: 533398. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Muthoot Finance Ltd belong to?
Muthoot Finance Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the PE ratio of Muthoot Finance Ltd?
The Price-to-Earnings (PE) ratio of Muthoot Finance Ltd is 10.20. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Muthoot Finance Ltd?
Over the past 52 weeks, Muthoot Finance Ltd has traded between a low of ₹2,476.6 and a high of ₹4,149.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Muthoot Finance Ltd?
Muthoot Finance Ltd has a Return on Equity (ROE) of 17.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Muthoot Finance Ltd on Tapetide?
On Tapetide, you can view Muthoot Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Muthoot Finance is NBFC engaged in the business of providing gold loans. The company predominately operates in Southern India[1]

Website muthootfinance.com
CEO Mr. George Jacob Muthoot
Employees 31,113
Listed 2011-05-06
Face Value ₹ 10
Issued Size 40,14,68,476

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