Muthoot Finance Ltd (IN:MUTHOOTFIN)
:MUTHOOTFIN
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Muthoot Finance Ltd
(MUTHOOTFIN)
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Rating:65Neutral
Price Target:
₹3,562.00
▼(-0.24% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by strong profitability and accelerating growth, tempered by high/rising leverage and historically inconsistent cash flow. Technicals are currently weak with the stock below major moving averages, while valuation is supportive with a moderate P/E but a low dividend yield.
Positive Factors
Revenue & Margin Strength
Sharp 2026 revenue acceleration with high net and EBIT margins indicates durable demand and pricing power in the core gold-loan franchise. Sustained margin levels support strong internal profitability, enabling reinvestment into branches and resilience through business cycles.
Negative Factors
High and Rising Leverage
Elevated leverage amplifies sensitivity to funding costs and liquidity cycles for an NBFC reliant on borrowings. Rising debt levels limit financial flexibility, increase interest burden and raise refinancing risk, making the business more vulnerable if credit markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
Sharp 2026 revenue acceleration with high net and EBIT margins indicates durable demand and pricing power in the core gold-loan franchise. Sustained margin levels support strong internal profitability, enabling reinvestment into branches and resilience through business cycles.
Read all positive factors
Muthoot Finance Ltd (MUTHOOTFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.32T
Dividend Yield0.68%
Average Volume (3M)14.55K
Price to Earnings (P/E)12.0
Beta (1Y)0.91
Revenue Growth54.24%
EPS Growth99.72%
CountryIN
Employees28,286
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)182.68
Shares Outstanding401,468,480
10 Day Avg. Volume16,333
30 Day Avg. Volume14,548
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)3.24
Price to Sales (P/S)4.06
P/FCF Ratio10.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,350.00Price Target Upside21.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)288.86
Revenue Forecast (FY)₹198.26B
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 primarily makes money by originating and servicing gold loans (secured loans against pledged gold jewellery). Its core revenue is interest income earned on these loans, typically charged on a short- to medium-term basis, along with...
Muthoot Finance Ltd Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.33B | 312.63B | 202.65B | 150.86B | 119.19B | 122.17B |
| Gross Profit | 156.96B | 199.89B | 128.53B | 96.56B | 77.10B | 79.61B |
| EBITDA | 79.38B | 144.42B | 73.82B | 60.89B | 50.01B | 54.80B |
| Net Income | 73.04B | 105.90B | 53.33B | 43.24B | 36.12B | 40.17B |
Balance Sheet | ||||||
| Total Assets | 1.61T | 1.96T | 1.33T | 964.69B | 801.49B | 763.16B |
| Cash, Cash Equivalents and Short-Term Investments | 81.21B | 128.68B | 83.46B | 62.72B | 80.74B | 100.36B |
| Total Debt | 1.23T | 1.51T | 988.05B | 678.72B | 554.72B | 543.62B |
| Total Liabilities | 1.27T | 1.56T | 1.03T | 707.15B | 579.96B | 571.79B |
| Stockholders Equity | 328.19B | 391.30B | 293.67B | 251.07B | 216.66B | 187.86B |
Cash Flow | ||||||
| Free Cash Flow | -201.54B | 117.63B | -265.93B | -139.76B | -29.45B | -16.94B |
| Operating Cash Flow | -201.01B | 119.15B | -263.76B | -137.54B | -28.04B | -15.96B |
| Investing Cash Flow | -25.05B | -567.76B | -13.76B | 453.59M | 1.81B | 4.22B |
| Financing Cash Flow | 223.47B | 493.20B | 298.93B | 119.58B | 3.95B | 34.45B |
Muthoot Finance Ltd Technical Analysis
Negative
3570.65
Price Trends
3380.51
Negative
3550.66
Negative
3334.40
Negative
Market Momentum
-21.61
Positive
42.30
Neutral
16.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUTHOOTFIN, the sentiment is Negative. The current price of 3570.65 is above the 20-day moving average (MA) of 3472.14, above the 50-day MA of 3380.51, and above the 200-day MA of 3334.40, indicating a bearish trend. The MACD of -21.61 indicates Positive momentum. The RSI at 42.30 is Neutral, neither overbought nor oversold. The STOCH value of 16.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹1.32T | 11.98 | ― | 0.68% | 54.24% | 99.72% | |
61 Neutral | ₹698.14B | 18.65 | ― | 0.91% | 10.78% | 12.42% | |
61 Neutral | ₹2.20T | 13.58 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹5.73T | 22.80 | ― | 0.56% | 18.36% | 13.78% | |
58 Neutral | ₹193.70B | 7.80 | ― | ― | 34.64% | 316.68% | |
54 Neutral | ₹258.84B | 21.42 | ― | 0.80% | -5.36% | -17.52% |
* Financial Sector Average
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Muthoot Finance Ltd Corporate Events
Muthoot Finance Details TDS Rules on Rs 30 Interim Dividend Under New Tax Law
Apr 22, 2026
Muthoot Finance Ltd has declared an interim dividend of Rs 30 per equity share for the financial year 2025-26, payable to shareholders whose names appeared on the record date of April 17, 2026, based on depository and physical share records. The c...
Muthoot Finance Publishes Shareholder Notice on TDS for Dividend Payments
Apr 22, 2026
Muthoot Finance Ltd has notified stock exchanges that it has published newspaper advertisements to inform shareholders about the treatment of tax deducted at source on dividend payments under the prevailing income-tax framework. The disclosure, ma...
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.