VALARTH See Muthoot Finance in the appOpen in app
MUTHOOTFIN · NSE · Non Banking Financial Company (NBFC)

Muthoot Finance Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair low confidence No valuation within 120 days; P/E 9.3 vs peers 22.2 (1st of 12); P/B 3.4 vs peers 2.5 (8th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Muthoot Finance's share price today?

Muthoot Finance last traded at ₹2,634.10 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.4% on the day, down 18.3% over a year. Its 52-week range is ₹2,560 to ₹4,150. The live price is in the app.

₹2,634.10 +0.4% today
−18.3% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range5% of the way up
Low ₹2,560High ₹4,150

What is Muthoot Finance's market cap?

Muthoot Finance's market capitalisation is about ₹1.05 lakh crore: what it would cost to buy every share at today's price. That makes it the 91st largest large cap company we cover.

₹1.1 L Cr Large Cap91st largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: MUTHOOTFIN
ISIN
INE414G01012
Cap bucket
Large Cap, 91st largest by market cap
Industry (NSE)
Financial Services › Finance › Non Banking Financial Company (NBFC)
Listed since
2011
Futures and options
Traded

Is Muthoot Finance overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 9.3 vs peers 22.2 (1st of 12); P/B 3.4 vs peers 2.5 (8th of 12).

Valuation

Latest price and trailing 12 months
P/E 9.27
vs peers 22.2 · 1st of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 3.36
vs peers 2.5 · 8th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹1.05 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.9%
vs peers 0.8% · 3rd of 8
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 0.07
vs peers 2.8 · 1st of 11
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.21
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Muthoot Finance a quality business?

Quality score 85, 2nd of 12 in its peer set; CLEAN on 15 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 85
vs peers 43.1 · 2nd of 12
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin 12.8%
vs peers 7.3% · 3rd of 12
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost 0.7%
vs peers 2.0% · 2nd of 11
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 25.4%
vs peers 53.1% · 2nd of 12
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 6.5%
vs peers 2.2% · 2nd of 12
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY 48.3%
vs peers 15.1% · 3rd of 8
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY 34.9%
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app

Get a sneak peek of Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Has Muthoot Finance made money for shareholders?

Mixed: −18.3% over one year and +13.5% a year over five years.

Shareholder returns

1-year return −18.3%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +13.5% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−3.4%
1M
−3.6%
3M
−14.2%
6M
−26.3%
1Y
−18.3%
3Y
+28.2%
5Y
+13.5%

Does Muthoot Finance pay a dividend?

Yes. Muthoot Finance's dividend yield is 0.95% at the latest price; the last payout was ₹30.00 a share, ex-dividend 17 Apr 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.95%
The past 12 months' dividends as a share of today's price.
17 Apr 2026 · Interim₹30.00
25 Apr 2025 · Interim₹26.00
31 May 2024 · Interim₹24.00
18 Apr 2023 · Interim₹22.00
25 Apr 2022 · Interim₹20.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Muthoot Finance growing?

Loan growth 48.3%; deposit growth 34.9%; revenue 3 years 37.7% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth 48.3%
vs peers 15.1% · 3rd of 8
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth 34.9%
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 37.7% a year
vs peers 18.0% · 2nd of 12
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 43.1% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 22.3% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years 22.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did Muthoot Finance do last quarter?

Muthoot Finance reported income of ₹8,695 Cr, up 54.4% on a year earlier and a net profit of ₹2,825 Cr, up 98.2% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹8,695 Cr
+54.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹2,825 Cr
+98.2% on a year earlier
What was left for shareholders after every cost and tax.

How does Muthoot Finance compare with its peers?

Compared with 11 Non Banking Financial Company (NBFC); 1st of 12 on P/E; 2nd of 12 on quality score.

Compared with 11 Non Banking Financial Company (NBFC)

11 companies

Muthoot Finance against its peers

Largest 10 of 11 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Muthoot Finance Ltd₹1.1 L Cr9.33.430.6%−18.3%
Shriram Finance Ltd₹2.2 L Cr16.62.516.4%+39.9%
Cholamandalam Investment & Finance Company Ltd₹1.4 L Cr23.43.819.3%−3.6%
Tata Capital Ltd₹1.4 L Cr24.73.49.6%−3.6%
SBI Cards & Payment Services Ltd₹53,482 Cr23.53.814.7%−39.0%
HDB Financial Services Ltd₹48,905 Cr17.72.213.9%−20.4%
Authum Investment & Infrastructure Ltd₹46,682 Cr22.22.513.2%−13.6%
Piramal Finance Ltd₹46,645 Cr26.41.55.5%+49.0%
Sundaram Finance Ltd₹45,704 Cr20.43.815.4%−7.1%
Mahindra & Mahindra Financial Services Ltd₹44,410 Cr13.71.612.5%+12.4%
Poonawalla Fincorp Ltd₹39,389 Cr34.92.95.9%−15.3%
Peer median—22.22.513.2%−3.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Muthoot Finance?

Muthoot Finance is held by promoters 73.3%, foreign institutions 11.6%, domestic institutions 10.8%.

Shareholding pattern

Latest filing, percent of shares
Promoters73.3%
The founders and controlling group.
Foreign institutions11.6%
Overseas funds investing through the FPI route.
Domestic institutions10.8%
Indian insurers, banks, pension and mutual funds together.
Mutual funds9.5%
Indian mutual fund schemes; part of domestic institutions.
Retail and others2.6%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Muthoot Finance?

22 analysts cover Muthoot Finance, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

22 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Muthoot Finance do and what is it sensitive to?

Muthoot Finance is a non-banking financial company offering gold loans, housing loans, vehicle loans, and personal loans to retail customers across India through a network of 4,800+ branches. Sensitive to: interest rate changes.

Business-model card

FY2025 · 36 verified
1Revenue
2Channels
2Regulators
4Reg. dependencies
5Sensitivities
2Costs
1Geographies

Muthoot Finance is a non-banking financial company offering gold loans, housing loans, vehicle loans, and personal loans to retail customers across India through a network of 4,800+ branches. It earns revenue from interest income on loans and manages credit risk through gold collateral and digital risk analytics.

Revenue engine

1 verified
Non-Banking Financial Services (96.3%)
Gold loans, housing loans, vehicle loans, personal loans and receivables financing; interest income is primary revenue driver

Customers & channels

2 verified
Retail borrowers in underserved regions via branch network
Small businessmen, vendors, traders, farmers, salaried individuals; gold pledge as collateral enables access for those outside formal banking
Over 2,00,000 individuals served daily across 4,800+ branches
Concentrated distribution in 22 states, Delhi, and 6 union territories; many customers new to formal finance

Regulators

2 verified
Reserve Bank of India (RBI)
Regulates NBFC licensing, capital adequacy, deposit acceptance, KYC/AML compliance, fraud risk management and supervisory returns filing
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure requirements, insider trading, and governance for debt and equity securities

Regulatory dependencies

4 verified
NBFC Scale-Based Regulation framework
RBI Master Direction (2023) sets capital adequacy, asset classification, provisioning norms and operating conduct standards; changes to thresholds or norms directly impact capital requirements and profitability
Public Deposit Acceptance Regulation
RBI Direction (2016) controls NBFC's ability to accept public deposits, constraining funding sources and cost of capital
KYC and AML compliance obligations
RBI guidelines and Prevention of Money Laundering Act (2002) require customer verification and reporting; non-compliance blocks lending and triggers penalties
1 more statement
Fraud Risk Management framework
RBI Directions (2024) mandate fraud detection, monitoring and reporting systems; deficiencies trigger enforcement action

Sensitivities

5 verified
Interest rate changes
Company lends at fixed rates but borrows at both fixed and floating rates; RBI rate cuts reduce funding cost and boost demand, while rate rises increase cost of capital and may reduce loan demand
Gold price volatility
Gold collateral value fluctuates with prices; fall in gold prices increases loan-to-value ratio and risk of default; monetization demand rises when prices strengthen
Foreign exchange rate movement
Foreign currency borrowings (USD-denominated Senior Secured Notes and prior ECB loans) create translation and repayment risk when rupee weakens; hedged via derivatives but incomplete hedges expose P&L
2 more statements
Business cycle and credit demand
Gold loan demand tied to consumption cycles, festivals, and rural income seasonality; economic downturns reduce borrowing and increase defaults
Rural income and monsoon
Private consumption growth and rural demand are key drivers; weak monsoon or agricultural distress reduces rural borrowing capacity and collateral values

Cost inputs

2 verified
Borrowing costs
Interest expense on term loans, bonds, and deposits; funded through banks, ECBs, debentures; cost structure depends on funding mix and RBI policy rates
Employee and branch operating expenses
Salaries, wages, staff welfare, rent for 4,800+ branches, utilities, communication, training; personnel costs ₹16,966 million (FY2025); rent ₹2,932 million

Geographies

1 verified
Pan-India operations
4,855 branches and 80 regional offices across 22 states, Delhi, and 6 union territories; underserved rural and semi-urban regions form core market
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (1 Aug 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Corporate actionInterim Dividend - Rs 30 Per Share.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Results filedQ4 FY2025 results filed.
  8. Corporate actionInterim Dividend - Rs 26 Per Share.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 15 of 22 lender flags judged; no red flag; 7 could not be judged.
  • Data gapsBusiness quality, Gross NPA, Net NPA, Provision coverage, CET1 ratio, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓185 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 36 verified

Questions people ask

What is Muthoot Finance's share price today?

Muthoot Finance last traded at ₹2,634.10 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.4% on the day, down 18.3% over a year. Its 52-week range is ₹2,560 to ₹4,150. The live price is in the app.

What is Muthoot Finance's market cap?

Muthoot Finance's market capitalisation is about ₹1.05 lakh crore: what it would cost to buy every share at today's price. That makes it the 91st largest large cap company we cover.

Is Muthoot Finance Ltd a large cap, mid cap or small cap?

Muthoot Finance Ltd (MUTHOOTFIN) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Muthoot Finance Ltd's P/E ratio?

9.27, vs peers 22.2 · 1st of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Muthoot Finance Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 9.3 vs peers 22.2 (1st of 12); P/B 3.4 vs peers 2.5 (8th of 12).

How does Muthoot Finance Ltd make money?

Muthoot Finance is a non-banking financial company offering gold loans, housing loans, vehicle loans, and personal loans to retail customers across India through a network of 4,800+ branches. It earns revenue from interest income on loans and manages credit risk through gold collateral and digital risk analytics.

Why is there no Altman Z or debt to equity for Muthoot Finance?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are Muthoot Finance Ltd's peers?

Compared with 11 Non Banking Financial Company (NBFC): Shriram Finance Ltd, Cholamandalam Investment & Finance Company Ltd, Tata Capital Ltd, SBI Cards & Payment Services Ltd, HDB Financial Services Ltd and 6 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Muthoot Finance do last quarter?

Muthoot Finance reported income of ₹8,695 Cr, up 54.4% on a year earlier and a net profit of ₹2,825 Cr, up 98.2% in the Jun 2026 quarter.

Who owns Muthoot Finance?

Muthoot Finance is held by promoters 73.3%, foreign institutions 11.6%, domestic institutions 10.8%.

Does Muthoot Finance pay a dividend?

Yes. Muthoot Finance's dividend yield is 0.95% at the latest price; the last payout was ₹30.00 a share, ex-dividend 17 Apr 2026.

What do analysts say about Muthoot Finance?

22 analysts cover Muthoot Finance, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Muthoot Finance, and 6,621 other companies, with 212 filters and the full peer tables

See Muthoot Finance in the app →See pricing