Muthoot Finance Ltd (IN:MUTHOOTFIN)
:MUTHOOTFIN
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Muthoot Finance Ltd
(MUTHOOTFIN)
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Rating:66Neutral
Price Target:
₹3,432.00
▼(-3.88% Downside)
Action:ReiteratedDate:02/14/26
The score is primarily supported by strong financial performance (revenue growth and profitability with strong ROE), but is held back by cash flow weakness (negative free cash flow) and high leverage. Technical indicators also reflect weak near-term momentum, while valuation appears reasonable but with a low dividend yield.
Positive Factors
Collateralized gold‑loan model & branch network
Muthoot's core gold‑loan business is secured by pledged jewellery and distributed via an extensive branch footprint. Collateralized lending and dense retail distribution reduce unsecured credit risk, support stable origination volumes, and create durable, repeat customer flows over the medium term.
Negative Factors
Negative free cash flow / weak cash conversion
Negative free cash flow driven by operating cash outflows signals that accounting profits are not reliably converting to cash. This structural cash conversion gap raises dependence on external funding for operations, growth and payouts, increasing medium‑term liquidity and refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Collateralized gold‑loan model & branch network
Muthoot's core gold‑loan business is secured by pledged jewellery and distributed via an extensive branch footprint. Collateralized lending and dense retail distribution reduce unsecured credit risk, support stable origination volumes, and create durable, repeat customer flows over the medium term.
Read all positive factors
Muthoot Finance Ltd (MUTHOOTFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.39T
Dividend Yield0.68%
Average Volume (3M)14.55K
Price to Earnings (P/E)13.6
Beta (1Y)0.88
Revenue Growth46.99%
EPS Growth75.64%
CountryIN
Employees28,286
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)66.16
Shares Outstanding401,468,480
10 Day Avg. Volume16,333
30 Day Avg. Volume14,548
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)3.20
Price to Sales (P/S)4.63
P/FCF Ratio-3.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,750.00Price Target Upside33.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)272.81
Revenue Forecast (FY)₹199.49B
Muthoot Finance Ltd Business Overview & Revenue Model
Company Description
Muthoot Finance Limited operates as a gold financing company in India. The company offers personal and business loans secured by gold jewelry, or gold loans primarily to individuals and micro finance. It also provides housing finance, gold coins, ...
How the Company Makes Money
Muthoot Finance makes money mainly by lending and earning interest income on its loan portfolio, with gold loans (loans secured by customers’ gold jewellery) as its core product. The company raises funds through a mix of borrowings (such as bank f...
Muthoot Finance Ltd Financial Statement Overview
Summary
Income Statement
80
Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.33B | 202.65B | 150.86B | 119.19B | 122.17B | 115.52B |
| Gross Profit | 156.96B | 128.53B | 96.56B | 77.10B | 79.61B | 74.52B |
| EBITDA | 79.38B | 73.82B | 60.89B | 50.01B | 54.80B | 51.99B |
| Net Income | 73.04B | 53.33B | 43.24B | 36.12B | 40.17B | 38.04B |
Balance Sheet | ||||||
| Total Assets | 1.61T | 1.33T | 964.69B | 801.49B | 763.16B | 686.41B |
| Cash, Cash Equivalents and Short-Term Investments | 81.21B | 83.46B | 62.72B | 80.74B | 100.36B | 79.36B |
| Total Debt | 1.23T | 988.05B | 678.72B | 554.72B | 543.62B | 501.81B |
| Total Liabilities | 1.27T | 1.03T | 707.15B | 579.96B | 571.79B | 528.82B |
| Stockholders Equity | 328.19B | 293.67B | 251.07B | 216.66B | 187.86B | 155.75B |
Cash Flow | ||||||
| Free Cash Flow | -201.54B | -265.93B | -139.76B | -29.45B | -16.94B | -79.06B |
| Operating Cash Flow | -201.01B | -263.76B | -137.54B | -28.04B | -15.96B | -78.14B |
| Investing Cash Flow | -25.05B | -13.76B | 453.59M | 1.81B | 4.22B | 395.81M |
| Financing Cash Flow | 223.47B | 298.93B | 119.58B | 3.95B | 34.45B | 97.12B |
Muthoot Finance Ltd Technical Analysis
Positive
3570.65
Price Trends
3417.80
Positive
3601.40
Negative
3244.67
Positive
Market Momentum
47.32
Negative
59.43
Neutral
77.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUTHOOTFIN, the sentiment is Positive. The current price of 3570.65 is above the 20-day moving average (MA) of 3339.75, above the 50-day MA of 3417.80, and above the 200-day MA of 3244.67, indicating a bullish trend. The MACD of 47.32 indicates Negative momentum. The RSI at 59.43 is Neutral, neither overbought nor oversold. The STOCH value of 77.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MUTHOOTFIN.
Muthoot Finance Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹1.32T | 27.83 | ― | 0.12% | 22.83% | 18.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.39T | 13.64 | ― | 0.68% | 46.99% | 75.64% | |
65 Neutral | ₹825.46B | 14.17 | ― | 2.08% | 6.92% | 28.89% | |
61 Neutral | ₹2.25T | 16.37 | ― | 1.08% | 11.01% | 4.86% | |
55 Neutral | ₹309.14B | 5.31 | ― | 1.87% | 4.31% | 6.48% | |
49 Neutral | ₹250.08B | 27.09 | ― | 0.80% | -7.96% | -79.27% |
* Financial Sector Average
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Muthoot Finance Ltd Corporate Events
Muthoot Finance Prices USD 600 Million 5.75% Notes Due 2030 Under GMTN Programme
Jan 30, 2026
Muthoot Finance Limited has priced USD 600 million of 5.75% fixed-rate notes due 2030 under its USD 4 billion Global Medium Term Note Programme, following approval by the Finance Committee of its Board on January 29, 2026. The funds raised will be...
Muthoot Finance Confirms SEBI Compliance on Dematerialised Securities
Jan 10, 2026
Muthoot Finance has reported compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming that all securities dematerialized during the quarter ended 31 December 2025 have been duly listed on the stock...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.