Muthoot Finance Ltd
Muthoot Finance Ltd
Financial Services F&OKey Fundamentals
Insights
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 2.86 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 ₹1,17,646 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%.
- 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
- 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
- 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.
- 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.
- 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 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 | 5,481 | 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% | — |
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 | 4,817 |
| 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 |
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 | 2,458 |
| 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 |
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 PE ratio of Muthoot Finance Ltd?
What is the 52-week high and low of Muthoot Finance Ltd?
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]