NSE: MUTHOOTFIN · BSE: 533398 · ISIN INE414G01012
Muthoot Finance Limited stock analysis
Muthoot Finance Limited ranks #571 in the TickerSutra evidence-ranked universe with a score of 63/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.8%, quarterly sales growth of 34.4% and quarterly profit growth of 38.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 37.9% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹12,186cr | ₹5,428cr | ₹4,031cr | 45.0% |
| 2023 | ₹11,898cr | ₹4,926cr | ₹3,670cr | 41.0% |
| 2024 | ₹15,062cr | ₹5,988cr | ₹4,468cr | 40.0% |
| 2025 | ₹20,214cr | ₹7,331cr | ₹5,352cr | 36.0% |
| 2026 | ₹31,209cr | ₹14,388cr | ₹10,607cr | 46.0% |
| TTM | ₹33,431cr | ₹15,486cr | ₹11,457cr | 46.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Disclosure under Regulation 57(4)
RoutineSecurity Cover CertificateNSE · 10 Sept 2026IDBI Trusteeship Services Limited has informed the exchange for Muthoot Finance Limited regarding Security Cover Certificate of ISIN INE414G07IG9 for Q1 for the FY 2026-2027
RoutineAcquisition (including agreement to acquire)-XBRLNSE · 9 Sept 2026 · Structured filingMUTHOOT FINANCE LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire)
MUTHOOT FINANCE LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire)
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
It reflects the calibrated approach: each branch cohort is allowed to fill out before the next is added. • Profitability rose on operating leverage — As a focused gold loan NBFC grows, fixed costs spread across a far larger book; the sharp rise in profit reflects branches opened a year earlier reaching maturity, not a one-off gain. • Asset quality improved as the book grew — Stage III assets more than halved over the
Your Company achieved a historic standalone net profit (Profit After Tax) of I1,01,340.79 million for the financial year ended March 31, 2026, as compared to I52,007.52 million for the financial year ended March 31, 2025. This represents a phenomenal y-o-y growth of 95%, significantly driven by robust expansion in the core gold loan portfolio, higher gold price realisations, and stellar momentum in new customer onboa
Furthermore, Muthoot Homefin (India) Limited registered a steady 17% y-o-y growth in its AUM, reaching I 34,845.75 million. Going forward, the Company remains confident in its ability to navigate regulatory landscapes efficiently while managing cyclicality, ensuring sustainable value creation for all stakeholders. The consolidated profit after tax for the financial year 2025-26 stood at I1,06,069 million registering
Commission to Non-executive Directors were also increased by 15% for the above reasons. The above increase in managerial remuneration is within the limits approved by shareholders. There is no exceptional circumstance for increase in managerial remuneration except as stated above.
Read more on page 24 (Business review) 95% Of the standalone loan book is secured by gold jewellery Pan-India reach A widespread, easily accessible nationwide network that places gold-backed credit within short reach of households with gold to pledge. Read more on page 20 (Presence) 7, 5 6 8 Group branch network 29 States and union territories Domestic CRISIL AA+ & A1+, ICRA AA+ & A1+ International Moody's Ba1, Fitch
Their assets under management are projected to cross ₹50 Lakh Crores by FY 2026-27, by when non-bank lenders are expected to hold around 18 to 19% of overall credit.11 Key growth drivers Last-mile distribution NBFCs reach customer segments and geographies that sit outside the operating focus of larger banks, small-ticket borrowers, self-employed households, and semi-urban and rural markets. That focus has converted i
By implementing these measures, the Company aims to significantly enhance its defences, safeguard customer interests, and cultivate a more resilient and trustworthy financial ecosystem. Product Approval Committee The Board instituted a Product Approval Committee with effect from February 12, 2025, entrusted with the powers to ensure that all new products and significant modifications to existing products are thorough
MARKET Adverse interest-rate movements that compress net interest margins. Potential Disruption Mitigation Margin pressure, particularly on the floating-rate borrowing book. Rate increases can be passed to borrowers; fixed rates are held on bulk borrowings and longer-maturity advances to manage interest-rate risk.
muthootfinance.com/ wherein all the communications are updated including the quarterly financial results of the Company. Presentations made to the institutional investors and analysts after declaration of the quarterly results are also displayed on the web site of the Company. The Annual reports containing the Audited Annual Accounts, Auditors’ Reports, Boards’ Report, the Management Discussion and Analysis Report fo
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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