Muthoot Microfin Limited (MUTHOOTMF)

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Muthoot Microfin Limited (MUTHOOTMF) · mywealthgrid

About

Microfinance lender in India's Financials sector, market cap ₹3,553.39 crore. Operates in underserved lending segments. Recently recovered from a severe loss in Mar 2025; Jun 2026 revenue ₹668.64 crore.

Face value: ₹10

Market cap

₹2,968 Cr

P/E

12.1×

P/B

1.0×

Dividend yield

ROE

6.2%

ROCE

—

Debt / equity

3.34

OPM

47.1%

EPS (TTM)

₹14.6

Book value

₹170.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Asset-quality shock in Mar 2025 (₹401.15 Cr loss, OPM -52.25%) reflects severe credit events; recovery incomplete with net profit ₹6.18 Cr (Jun 2025) before rebound — verify cause, current NPA ratios, and stress normalization

High leverage (D/E 3.34) amplifies sensitivity to rate movements and funding stress — verify debt maturity structure, borrower stress indicators, and refinancing risk

Microfinance borrowers are economically sensitive; state-level rate caps and regulatory tightening on lending could compress margins — verify regulatory outlook and geographic concentration

ROE of 6.21% despite OPM of 47.07% suggests capital efficiency drag, possibly from lingering impairments — verify provision-coverage ratios and asset-turnover trends

Generated analysis · source review pending

Growth drivers

Sequential revenue growth (Mar 2026: ₹631.81 Cr, Jun 2026: ₹668.64 Cr) indicates sustained lending momentum

Operating margin trended up from 49.57% (Dec 2025) to 54.18% (Jun 2026), demonstrating cost discipline that enables profitability

Net profit improved sequentially (Mar 2026: ₹71.12 Cr, Jun 2026: ₹81.34 Cr), generating retained earnings for reinvestment

Generated analysis · source review pending

680 historical price candles were omitted because the exchange source has not been verified.

₹174.1-2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 47.1%

Cons

−Low return on equity of 4.7% (3-yr avg)
−Heavily leveraged (debt/equity 3.3)
−Weak interest coverage of 1.2×

Research score

Structured signal from quality, growth, valuation and momentum.

69/100

Business quality: 27
Growth: 91
Valuation: 89

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	2,270	2,562	2,370
Interest	883	930	874
Expenses	785	1,880	1,254
Financing profit	602	-249	241
Financing margin %	26.5%	-9.7%	10.2%
Other income	15	3	11
Depreciation	35	43	43
Profit before tax	582	-289	209
Tax	132	-66	39
Tax %	22.7%	-23%	18.5%
PAT	450	-223	170
EPS (₹)	30.2	-13.3	10.2
EPS adjusted (₹)	26.4	-13.3	10.2
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	170	168	168
Reserves	2,634	2,465	2,687
	8,359	7,926	9,547
	427	298	283
Total equity & liabilities	11,590	10,857	12,685
	74	77	70
CWIP	0	0	0
Investments	47	354	406
	11,470	10,426	12,209
Total assets	11,590	10,857	12,685

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	-2,125	1,382	-580
	-225	-128	-41
	2,549	-1,485	626
Net cash flow	198	-230	4
Free cash flow	-2,153	1,361	-591
CFO / Operating profit %	-143.1%	202.9%	-52%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: -8%

Return on equity

7 years: —
5 years: —
3 years: 5%
Last year: 6%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—
EBITDA margin %	65.4%	26.6%	47.1%
EBIT margin %	63.9%	24.9%	45.3%
PAT margin %	19.8%	-8.7%	7.2%
Working capital
Receivable days	—	—	—
Inventory days	0	0	0
Payable days	—	—	—
NWC days	—	—	—
Leverage
Current ratio	—	—	—
Debt to EBITDA	5.63	11.63	8.56
Debt to equity	2.98	3.01	3.34
Interest coverage	1.7	0.7	1.2
Asset turnover	0.2	0.24	0.19
Return ratios
Return on assets %	3.9%	-2%	1.3%
Return on capital employed %	—	—	—
Return on equity %	16%	-8.5%	6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%	55.47%
	29.04%	27.6%	26.28%	26.55%	25.86%	25.8%	25.47%	23.41%	23.26%	23.18%	22.82%	23.12%
	3.18%	2.81%	2.35%	2.29%	2.58%	2.44%	2.32%	2.48%	2.84%	3.02%	3.51%	3.38%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	10.29%	12.1%	14.01%	13.95%	14.36%	14.56%	15.05%	16.95%	16.74%	16.64%	16.61%	16.44%
No. of shareholders	—	—	—	—	—	—	—	—	1,52,290	1,45,494	1,40,500	1,36,798

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	101	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026TranscriptAI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results6 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

17 Aug 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

14 Aug 2026, 7:47 pmOthers

Asset Liability Management (ALM) statement

Asset Liability Management (ALM) statement PDF

11 Aug 2026, 5:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

11 Aug 2026, 5:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Aug 2026, 5:29 pmCompany Update

Update On Share Acquisition And Subsequent Settlement Of Shares Of Muthoot Fincorp Limited

General PDF

7 Aug 2026, 4:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

7 Aug 2026, 4:08 pmInsider Trading / SAST

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 PDF

7 Aug 2026, 4:05 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
17 Aug 2026, 5:16 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
14 Aug 2026, 7:47 pm	Others Asset Liability Management (ALM) statement	Asset Liability Management (ALM) statement

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—
EBITDA margin %	65.4%	26.6%	47.1%
EBIT margin %	63.9%	24.9%	45.3%
PAT margin %	19.8%	-8.7%	7.2%
Working capital
Receivable days	—	—	—
Inventory days	0	0	0
Payable days	—	—	—
NWC days	—	—	—
Leverage
Current ratio	—	—	—
Debt to EBITDA	5.63	11.63	8.56
Debt to equity	2.98	3.01	3.34
Interest coverage	1.7	0.7	1.2
Asset turnover	0.2	0.24	0.19
Return ratios
Return on assets %	3.9%	-2%	1.3%
Return on capital employed %	—	—	—
Return on equity %	16%	-8.5%	6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Creditaccess Grameen LimitedCREDITACCCREDITACC	₹19,861 Cr	₹43,502 Cr	₹6,380 Cr	₹3,639 Cr	49.4%	₹1,211 Cr	12.8%	—	10.5%	—
Muthoot Microfin LimitedMUTHOOTMFMUTHOOTMF	₹2,968 Cr	₹12,516 Cr	₹2,480 Cr	₹1,252 Cr	47.1%	₹245 Cr	7.2%	—	6.2%	—
Fusion Finance LimitedFUSIONFUSION	₹2,771 Cr	₹8,342 Cr	₹1,714 Cr	₹610 Cr	26.6%	₹169 Cr	0.8%	—	0.7%	—
Satin Creditcare Network LimitedSATINSATIN	₹2,514 Cr	₹13,505 Cr	₹3,217 Cr	₹1,817 Cr	55.9%	₹410 Cr	10.6%	—	12.3%	—
Spandana Sphoorty Financial LimitedSPANDANASPANDANA	₹1,917 Cr	₹5,860 Cr	₹1,007 Cr	₹16 Cr	-43.3%	₹-327 Cr	-68.3%	—	-29.4%	—

2 deals · 21 Apr 2026 – 21 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	15,13,182	₹194.42	₹29.42 Cr
21 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	15,13,182	₹194.29	₹29.40 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Muthoot Microfin Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

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