Muthoot Finance share price
NSE: MUTHOOTFINBSE: 533398FinanceLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹2,395.80.
27 Oct: open ₹2,389.10, high ₹2,407.70, low ₹2,382.80
- Next results date: the board meets on 31 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹96,654 Cr67th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 8.50
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.25%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 33.2%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 12.81%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 8.76%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 0.69%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 6.46%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.71times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 2,55,60137.1% delivered
About Muthoot Finance
Muthoot Finance Limited lends money against gold jewellery that households pledge as security, and is India's largest gold loan NBFC (non-banking financial company, a lender that is not a bank) by loan portfolio, the company says.1 Headquartered in Kochi, Kerala, it serves small business owners, vendors, traders, farmers and salaried people through branches across India.12
Gold loans are its main product; it also offers personal and business loans, loans against property, and money transfer and collection services.3 Around it sit 5 operating subsidiaries: Muthoot Money, a separately branded gold lender; Belstar Microfinance, which lends to women through self-help groups; Muthoot Homefin, an affordable housing lender; Muthoot Insurance Brokers; and Asia Asset Finance, a listed, deposit-taking lender in Sri Lanka.45 It operates in 22 states, the national capital territory of Delhi and 6 union territories, as of Mar 2026.2
The Muthoot Group began as a trading business in a Kerala village in 1887 and entered gold lending in 1939 with a branch at Kozhencherry, Kerala.6 The company was incorporated on 14 March 1997 and listed its shares on the NSE and BSE on 6 May 2011.7 The Reserve Bank classified it as an Upper Layer NBFC, the tier of its rules for the largest non-bank lenders, in a press release of 30 Sep 2022.7
The promoter group held 73.35% of the shares at the end of March 2026; its members include chairman George Jacob Muthoot and, as of Aug 2026, managing director George Alexander Muthoot.89
Muthoot Finance key points
Results
- In the quarter to Jun 2026, consolidated profit after tax was ₹2,825 crore and consolidated loan assets under management (AUM, the loans it has made and not yet been repaid) ₹191,532 crore, both up 43% on a year earlier.10
- On a standalone basis (the company without its subsidiaries), profit after tax was ₹2,550 crore in the quarter to Jun 2026, up 25%.11
- In the quarter to Jun 2026, consolidated total income was ₹86,948 million, against ₹64,657 million a year earlier.12
- In the year to Mar 2026, consolidated total income was ₹3,12,634.10 million, against ₹2,02,650.86 million a year earlier, and consolidated profit for the year ₹1,06,068.67 million, against ₹53,523.61 million.13
Market position
- The company puts its share of the gold loan market among NBFCs at 47%, citing a CRISIL industry report updated in Jan 2026.14
- It is the only NBFC focused purely on gold loans in the Reserve Bank's Upper Layer (the tier for the largest non-bank lenders), a status it held for the fourth consecutive year in the year to Mar 2026.15
Loan book
- Standalone loan AUM was ₹172,053 crore at the end of June 2026, up 43% on a year earlier. The company says 92% of its loan book is secured by gold.1116
- In the quarter to Jun 2026 the company lent ₹8,937 crore in gold loans to 4,82,707 new customers. Consolidated gold loan AUM, including subsidiaries, was ₹1,75,527 crore, up 48%.17
- Loan AUM of the subsidiaries, ₹ million18
Item Jun 2026 Jun 2025 Muthoot Money 105,503 50,001 Belstar Microfinance 78,422 77,065 Muthoot Homefin 34,962 30,961 Asia Asset Finance 14,798 9,947 - Stage III loans (loans classed as non-performing) were 2.28% of standalone loan assets at the end of June 2026, against 2.58% a year earlier.19
Borrowings and ratings
- Borrowings by source, principal23
Item Jun 2026 Banks and financial institutions ₹646,058 million (43%) Listed secured non-convertible debentures (bonds that cannot become shares) ₹510,752 million (34%) Senior secured notes sold abroad ₹260,322 million (17%) Commercial paper (short-term notes) ₹60,834 million (4%) Other loans ₹9,149 million (1%) Listed subordinated debt ₹4,500 million (0%) - CRISIL and ICRA rate its long-term debt AA+ (Stable); internationally it is rated BB+ by Fitch and S&P and Ba1 by Moody's, after upgrades by Fitch on 22 Aug 2025 and Moody's on 2 Apr 2025.24
- Its capital adequacy ratio (capital as a share of risk-weighted assets) was 20.30% at the end of June 2026, against a regulatory minimum of 15%.2526
What the company expects
- On its earnings call of 14 May 2026, the company said its guidance for standalone loan AUM growth in the year to Mar 2027 is 15%, as in each of the last 10 years.27
- On its earnings call of 14 May 2026, the company said it may open 200 to 300 branches in the year to Mar 2027, against about 170 the year before, and that it was thinking of opening about 200 gold loan branches at Belstar.2829
Recent events
- On 31 Aug 2026, the board approved a scheme to merge Muthoot Money, its gold loan subsidiary with 1006 branches, into the company, subject to the National Company Law Tribunal, Kochi, and approvals from the Reserve Bank, shareholders and creditors.3031
- The notice for the annual general meeting of 31 Aug 2026, dated 1 Aug 2026, carried the board's recommendation of Alexander George as managing director and George Alexander Muthoot as vice chairman from 1 Oct 2026; the company's documents give no outcome.3233
- On 4 Feb 2026, the company issued $600 million of 5.75% senior secured notes (bonds backed by its assets) under a $2 billion programme for issuing such notes over time.34
Litigation and regulatory matters
- As of its annual report of 7 Aug 2026, the company was preparing appeals against tax demands from the Kochi income tax office (order of 30 Mar 2026) and the Kerala GST department (order of 6 Jun 2025), and says neither has a material impact.35
- It was also preparing rectification applications or appeals against state tax demands from Delhi (order of 23 Feb 2025) and Telangana (order of 28 Mar 2025), which it says have no material impact.36
- The Reserve Bank imposed a monetary penalty on the company in the year to Mar 2025 for not complying with parts of its Know Your Customer (identity check) Directions, 2016; the company paid the fine and says it has taken corrective action.37
Last updated
All 37 sources, each with its page
- 1. Annual report, 7 Aug 2026, page 12
- 2. Annual report, 7 Aug 2026, page 66
- 3. Investor presentation, 1 Aug 2026, page 12
- 4. Annual report, 7 Aug 2026, page 16
- 5. Annual report, 7 Aug 2026, page 7
- 6. Annual report, 7 Aug 2026, page 13
- 7. Annual report, 7 Aug 2026, page 124
- 8. Investor presentation, 1 Aug 2026, page 13
- 9. Annual report, 7 Aug 2026, page 99
- 10. Investor presentation, 1 Aug 2026, page 6
- 11. Investor presentation, 1 Aug 2026, page 6
- 12. Investor presentation, 1 Aug 2026, page 24
- 13. Annual report, 7 Aug 2026, page 54
- 14. Investor presentation, 1 Aug 2026, page 15
- 15. Annual report, 7 Aug 2026, page 54
- 16. Investor presentation, 1 Aug 2026, page 15
- 17. Investor presentation, 1 Aug 2026, page 7
- 18. Investor presentation, 1 Aug 2026, page 19
- 19. Investor presentation, 1 Aug 2026, page 32
- 20. Investor presentation, 1 Aug 2026, page 8
- 21. Investor presentation, 1 Aug 2026, page 15
- 22. Investor presentation, 1 Aug 2026, page 9
- 23. Investor presentation, 1 Aug 2026, page 34
- 24. Annual report, 7 Aug 2026, page 100
- 25. Investor presentation, 1 Aug 2026, page 9
- 26. Annual report, 7 Aug 2026, page 55
- 27. Earnings call, 14 May 2026, page 11
- 28. Earnings call, 14 May 2026, page 11
- 29. Earnings call, 14 May 2026, page 12
- 30. Exchange filing, 31 Aug 2026, page 1
- 31. Exchange filing, 31 Aug 2026, page 5
- 32. Annual report, 7 Aug 2026, page 266
- 33. Annual report, 7 Aug 2026, page 99
- 34. Annual report, 7 Aug 2026, page 55
- 35. Annual report, 7 Aug 2026, page 101
- 36. Annual report, 7 Aug 2026, page 101
- 37. Annual report, 7 Aug 2026, page 101
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Muthoot Finance quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +50.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +84.8%
Quarter to Jun 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹8,672 Crdown 6.64%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹2,825 Crdown 16.85%
Income from operations by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 4,929 | 5,190 | 5,622 | 6,450 | 7,283 | 8,188 | 9,289 | 8,672 |
| Net profit | 1,321 | 1,392 | 1,444 | 1,974 | 2,412 | 2,823 | 3,397 | 2,825 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹31,209 Crup 54.39%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹10,607 Crup 98.17%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 5,911 | 6,608 | 7,594 | 9,684 | 11,531 | 12,185 | 11,898 | 15,062 | 20,214 | 31,209 |
| Net profit | 1,200 | 1,784 | 2,103 | 3,169 | 3,819 | 4,031 | 3,670 | 4,468 | 5,352 | 10,607 |
Business segments
In the year to Mar 2026 the company reports one business segment, FINANCING, which carries all its revenue.
Valuation
Today, against the company's own history.Muthoot Finance PE ratio and valuation
At or below today's level on 0.4% of 2,472 trading days over the last 10 years.
At or below today's level on 24% of 1,952 trading days since Dec 2018.
At or below today's level on 30% of 2,382 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +33.6% | +98.6% | −33.2% | 0.9% |
| 3 years | +49.0% | +43.1% | +3.2% | 1.2% |
| 5 years | +22.7% | +22.7% | −1.2% | 1.5% |
Mutual fund holdings
205 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 99 of the 124 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 205 funds holding Muthoot Finance
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 76
- CutCut. Funds that held fewer shares than at the end of the month before.
- 48
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 75
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 15
| Fund | |||
|---|---|---|---|
| 91,04,702 | 4.97% | ₹2,492.0 Cr | |
| 77,00,000 | 2.45% | ₹2,107.6 Cr | |
| 29,29,380 | 4.04% | ₹801.8 Cr | |
| 23,21,955 | 2.01% | ₹635.5 Cr | |
| 13,05,000 | 4.34% | ₹357.2 Cr | |
| 13,00,000 | 0.87% | ₹355.8 Cr | |
| 12,58,563 | 1.15% | ₹344.5 Cr | |
| 10,92,305 | 2.87% | ₹299.0 Cr | |
| 10,46,939 | 0.38% | ₹286.6 Cr | |
| 10,43,217 | 2.12% | ₹285.5 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Muthoot Finance insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 190 pledge filings of unclear kind
- Others: no market trade
Muthoot Finance competitors and peers
Non Banking Financial Company (NBFC), 280 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Muthoot Finance in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5,67,807 | 26.17 | 4.61 | +18.8% | +18.5% | 19.2% | 3.77% | 9.08% | 0.66% | |
| 1,93,797 | 15.28 | 1.74 | +13.8% | +28.6% | 14.7% | 3.26% | 9.00% | 1.31% | |
| 1,27,537 | 21.38 | 2.60 | – | – | 14.0% | – | – | 0.19% | |
| 1,25,968 | 21.90 | 4.14 | +19.6% | +29.1% | 21.3% | 2.34% | 6.79% | 0.14% | |
| 50,252 | 19.27 | 2.93 | +5.8% | +36.0% | 16.3% | 3.29% | 11.24% | 0.47% | |
| 44,018 | 23.18 | 1.42 | – | – | 6.5% | – | – | 0.59% | |
| 43,353 | 19.53 | 2.91 | +13.7% | +15.6% | 15.8% | 2.56% | 4.60% | 1.03% | |
| 41,897 | 14.15 | 1.89 | – | – | 14.3% | – | – | 0.79% |
Dividends
Per share, by the year it was paid for, and the latest payments.Muthoot Finance dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 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 |
| 22 Apr 2021 | Interim | ₹20.00 |
Latest announcements
Routine notices left out.Muthoot Finance announcements
Oct 2026
Sep 2026
9 Sep · Business
2 Sep · Management
Aug 2026
31 Aug · Meeting
31 Aug · Business
Muthoot Finance share price by year
Each calendar year to 2025.Muthoot Finance share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,811.70 | +78.4% | 3,856.40 | 2,017.00 |
| 2024 | 2,136.15 | +44.7% | 2,136.85 | 1,274.70 |
| 2023 | 1,476.30 | +38.9% | 1,492.00 | 915.80 |
| 2022 | 1,063.05 | −28.9% | 1,540.40 | 956.20 |
| 2021 | 1,495.65 | +23.6% | 1,712.80 | 1,105.85 |
| 2020 | 1,210.55 | +59.0% | 1,362.70 | 508.30 |
| 2019 | 761.45 | +47.6% | 765.65 | 484.95 |
| 2018 | 516.00 | +8.7% | 516.00 | 370.50 |
| 2017 | 474.65 | +67.9% | 518.05 | 285.20 |
| 2016 | 282.70 | +57.4% | 399.80 | 172.40 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 2,360.00 | 2,395.80 | 2,335.00 | 2,395.80 | 2,373.54 | 3,90,994 | 40.2% |
| 23 Oct 2026 | 2,399.00 | 2,400.60 | 2,331.90 | 2,373.00 | 2,359.37 | 6,98,002 | 46.8% |
| 22 Oct 2026 | 2,460.00 | 2,470.70 | 2,412.00 | 2,415.00 | 2,439.14 | 6,77,480 | 47.4% |
| 21 Oct 2026 | 2,530.00 | 2,530.00 | 2,445.90 | 2,489.80 | 2,481.32 | 9,51,190 | 45.0% |
| 19 Oct 2026 | 2,612.30 | 2,623.40 | 2,552.00 | 2,566.00 | 2,583.71 | 3,54,302 | 57.2% |
| 16 Oct 2026 | 2,610.00 | 2,633.20 | 2,574.20 | 2,598.30 | 2,606.44 | 4,11,877 | 54.6% |
| 15 Oct 2026 | 2,565.00 | 2,604.80 | 2,545.00 | 2,600.00 | 2,587.04 | 5,80,973 | 53.1% |
| 14 Oct 2026 | 2,620.00 | 2,626.00 | 2,575.60 | 2,580.00 | 2,592.28 | 4,18,575 | 46.4% |
| 13 Oct 2026 | 2,634.00 | 2,634.20 | 2,583.70 | 2,626.00 | 2,617.01 | 6,61,578 | 58.5% |
Company details
- NSE symbol
- MUTHOOTFIN
- BSE code
- 533398
- ISIN
- INE414G01012
- Industry
- Finance
- Website
- www.muthootfinance.com
- CIN
- L65910KL1997PLC011300
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1997
- Registered office
- Muthoot Chambers, Opposite Saritha Theatre Complex, 2nd Floor, Ernakulam, Kochi 682018, Kerala
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments