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Muthoot Microfin Ltd
(MUTHOOTMF)
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Rating:55Neutral
Price Target:
₹210.00
▲(16.28% Upside)
Action:Reiterated
Date:07/11/26
The score is held back primarily by inconsistent financial performance (volatile revenue/earnings and high leverage), despite recent improvement in operating/free cash flow. Technicals are a positive tailwind with a strong uptrend and bullish momentum, while valuation is a headwind due to a high P/E and no dividend support.
Positive Factors
Focused microfinance model
The focused lending model serves an identifiable, underserved customer segment through group-based loans and a branch-led field network. This specialization can support repeat customer relationships, scalable distribution, and durable relevance in financial inclusion markets over the medium term.
Negative Factors
High persistent leverage
Persistent leverage of roughly three to four times equity limits financial flexibility in a credit-services business that relies on borrowings. Higher leverage can amplify funding pressure and reduces the company’s capacity to absorb credit or earnings deterioration without balance-sheet strain.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused microfinance model
The focused lending model serves an identifiable, underserved customer segment through group-based loans and a branch-led field network. This specialization can support repeat customer relationships, scalable distribution, and durable relevance in financial inclusion markets over the medium term.
Read all positive factors
Muthoot Microfin Ltd (MUTHOOTMF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.01B
Dividend YieldN/A
Average Volume (3M)31.41K
Price to Earnings (P/E)35.0
Beta (1Y)1.20
Revenue Growth5.19%
EPS GrowthN/A
CountryIN
Employees15,639
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-10.98
Shares Outstanding170,492,170
10 Day Avg. Volume26,317
30 Day Avg. Volume31,408
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)0.85
Price to Sales (P/S)2.39
P/FCF Ratio3.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)20.9
Revenue Forecast (FY)₹18.73B
Muthoot Microfin Ltd Business Overview & Revenue Model
Company Description
Muthoot Microfin Limited, a non-deposit taking non-banking financial company, provides micro loans to women entrepreneurs in rural regions of India. The company offers income generating, Pragathi, and individual loans; education, mobile phones, so...
How the Company Makes Money
Muthoot Microfin makes money primarily by earning interest income on the microloans it disburses to customers. Its core revenue model is spread-based: it funds its loan book through borrowings and other funding sources and earns a yield on loans t...
Muthoot Microfin Ltd Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
42
Neutral
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.19B | 24.44B | 12.06B | 14.32B | 3.82B |
| Gross Profit | 6.45B | 23.71B | 12.16B | 6.57B | 3.82B |
| EBITDA | 1.23B | 6.83B | 6.33B | 7.89B | 4.28B |
| Net Income | 991.47M | -2.23B | 4.50B | 1.64B | 473.98M |
Balance Sheet | |||||
| Total Assets | 126.85B | 108.57B | 115.90B | 85.29B | 55.91B |
| Cash, Cash Equivalents and Short-Term Investments | 11.41B | 11.44B | 9.58B | 9.20B | 8.93B |
| Total Debt | 97.07B | 81.01B | 85.24B | 66.23B | 40.88B |
| Total Liabilities | 98.30B | 82.25B | 87.86B | 69.03B | 42.55B |
| Stockholders Equity | 28.54B | 26.32B | 28.04B | 16.26B | 13.37B |
Cash Flow | |||||
| Free Cash Flow | 6.70B | 13.61B | -21.53B | -23.61B | -10.95B |
| Operating Cash Flow | 6.81B | 13.82B | -21.25B | -23.33B | -10.84B |
| Investing Cash Flow | -21.60B | -1.28B | -2.25B | -1.80B | -738.03M |
| Financing Cash Flow | 14.83B | -14.85B | 25.49B | 25.67B | 13.44B |
Muthoot Microfin Ltd Technical Analysis
Negative
180.60
Price Trends
223.78
Negative
206.81
Negative
190.45
Positive
Market Momentum
-5.95
Positive
37.79
Neutral
36.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUTHOOTMF, the sentiment is Negative. The current price of 180.6 is below the 20-day moving average (MA) of 208.40, below the 50-day MA of 223.78, and below the 200-day MA of 190.45, indicating a neutral trend. The MACD of -5.95 indicates Positive momentum. The RSI at 37.79 is Neutral, neither overbought nor oversold. The STOCH value of 36.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MUTHOOTMF.
Muthoot Microfin Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹67.30B | 26.72 | ― | 0.13% | 22.60% | 21.00% | |
72 Outperform | ₹231.27B | 19.04 | ― | 0.76% | 11.47% | 522.19% | |
67 Neutral | ₹24.29B | 5.89 | ― | ― | 20.59% | 225.35% | |
56 Neutral | ₹27.31B | 66.12 | ― | 0.02% | 29.63% | 83.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹35.01B | 34.97 | ― | ― | 5.19% | ― | |
30 Underperform | ₹21.27B | -5.65 | ― | ― | -46.58% | 78.01% |
* General Sector Average
IN:MUTHOOTMF
Muthoot Microfin Ltd
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31.00
18.55%
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Muthoot Microfin Ltd Corporate Events
Muthoot Microfin Raises ₹35 Crore via Top-Rated Commercial Paper Issue
Aug 5, 2026
Muthoot Microfin Limited has raised ₹35 crore through the allotment of commercial paper, issued on August 5, 2026, and maturing on February 1, 2027. The 180-day instrument, carrying a discounted amount of ₹33.57 crore and priced at ...
Muthoot Microfin discloses joint public notice on ownership and control
Jul 21, 2026
Muthoot Microfin Ltd, a listed microfinance institution under the Muthoot Group umbrella, provides non-banking financial services and microcredit solutions to underserved segments across India. It operates within the regulated NBFC-MFI framework a...
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.