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Muthoot Finance Ltd
(MUTHOOTFIN)
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Rating:66Neutral
Price Target:
₹3,443.00
▲(15.30% Upside)
Action:Reiterated
Date:08/17/26
The score is supported primarily by strong profitability and accelerating 2026 growth, plus an attractive low P/E valuation. These positives are tempered by higher financial risk from rising leverage and historically inconsistent cash-flow generation, and by weak technical momentum with the stock trading below key moving averages.
Positive Factors
Accelerating revenue growth
Strong revenue acceleration indicates sustained demand for Muthoot Finance’s lending franchise and effective balance-sheet expansion. Continued growth in the core gold-loan business can support higher interest income and operating leverage over the next several quarters.
Negative Factors
Elevated and rising leverage
Higher leverage increases sensitivity to borrowing costs, liquidity conditions and credit-cycle stress. Although returns on equity are strong, a more debt-dependent balance sheet can constrain financial flexibility and amplify earnings pressure if funding spreads widen.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Strong revenue acceleration indicates sustained demand for Muthoot Finance’s lending franchise and effective balance-sheet expansion. Continued growth in the core gold-loan business can support higher interest income and operating leverage over the next several quarters.
Read all positive factors
Muthoot Finance Ltd (MUTHOOTFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.14T
Dividend Yield1.07%
Average Volume (3M)92.61K
Price to Earnings (P/E)9.9
Beta (1Y)0.90
Revenue Growth50.37%
EPS Growth84.79%
CountryIN
Employees31,617
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)283.28
Shares Outstanding401,468,480
10 Day Avg. Volume56,715
30 Day Avg. Volume92,607
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
₹3,300.00Price Target Upside10.51% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)272.1
Revenue Forecast (FY)₹195.17B
Muthoot Finance Ltd Business Overview & Revenue Model
Company Description
Muthoot Finance Limited, an Indian financial institution, primarily specializes in providing loans secured by gold jewelry. These "gold loans" cater to both individual customers and microfinance entities for personal and business needs. Beyond its...
How the Company Makes Money
Muthoot Finance primarily makes money by originating and servicing gold loans and earning interest income on these advances. Customers pledge gold jewellery as collateral, the company disburses a loan against the assessed value of the gold, and it...
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 | 335.58B | 312.63B | 202.65B | 150.86B | 119.19B | 122.17B |
| Gross Profit | 213.43B | 199.89B | 128.53B | 96.56B | 77.10B | 79.61B |
| EBITDA | 155.82B | 144.42B | 73.82B | 60.89B | 50.01B | 54.80B |
| Net Income | 113.73B | 105.90B | 53.33B | 43.24B | 36.12B | 40.17B |
Balance Sheet | ||||||
| Total Assets | 2.09T | 1.96T | 1.33T | 964.69B | 801.49B | 763.16B |
| Cash, Cash Equivalents and Short-Term Investments | 147.98B | 128.68B | 83.46B | 62.72B | 80.74B | 100.36B |
| Total Debt | 1.62T | 1.51T | 988.05B | 678.72B | 554.72B | 543.62B |
| Total Liabilities | 1.68T | 1.56T | 1.03T | 707.15B | 579.96B | 571.79B |
| Stockholders Equity | 406.02B | 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹2.44T | 18.15 | ― | 1.05% | 10.38% | 9.95% | |
66 Neutral | ₹6.51T | 31.67 | ― | 0.58% | 17.80% | 16.10% | |
66 Neutral | ₹1.14T | 9.86 | ― | 1.07% | 50.37% | 84.79% | |
65 Neutral | ₹258.27B | 12.15 | ― | 0.67% | 37.25% | 548.30% | |
63 Neutral | ₹780.10B | 24.32 | ― | 0.89% | 12.56% | 19.25% | |
56 Neutral | ₹310.45B | 20.01 | ― | 0.76% | 4.91% | 73.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:MUTHOOTFIN
Muthoot Finance Ltd
2,794.40
-107.16
-3.69%
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Muthoot Finance Ltd Corporate Events
Muthoot Finance Uploads Analyst Call Recording on Quarterly Results
Aug 2, 2026
Muthoot Finance Ltd has disclosed that the audio recording of its analyst call held on August 1, 2026, discussing unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, has been made available on the company&#...
Muthoot Finance Unveils Long-Planned Leadership Succession With New MD
Aug 1, 2026
Muthoot Finance’s board has announced a leadership succession plan, recommending the appointment of Whole-Time Director Alexander George as Managing Director from October 1, 2026, subject to shareholder approval at the upcoming AGM. The move...
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.