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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 511766 | NSE: MUTHOOTCAP

Muthoot Capital Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹571.19Undervalued by 215.57%vs CMP ₹181.00

P/E (24.4) × ROE (7.2%) × BV (₹399.00) × DY (2.00%)

₹590.88Undervalued by 226.45%vs CMP ₹181.00
MoS: +69.4% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,454.0224%Under (+703.3%)
Graham NumberEarnings₹258.2717%Under (+42.7%)
Earnings PowerEarnings₹409.1412%Under (+126%)
DCFCash Flow₹178.8212%Fair (-1.2%)
Net Asset ValueAssets₹399.058%Under (+120.5%)
EV/EBITDAEnterprise₹24.3010%Over (-86.6%)
Earnings YieldEarnings₹74.308%Over (-59%)
ROCE CapitalReturns₹877.5810%Under (+384.9%)
Consensus (8 models)₹590.88100%Undervalued
Key Drivers: EPS CAGR 154.6% lifts DCF — verify sustainability. | Wide model spread (₹24–₹1,454) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 154.6%

*Investments are subject to market risks

Investment Snapshot

50
Muthoot Capital Services Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 11.0% AverageROE 7.2% AverageD/E 3.48 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 63.3% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -76% YoY Declining
Industry Rank55/100 · Moderate
P/E 24.4 vs industry 171.3 Cheaper than peersROCE 11.0% vs industry 11.4% AverageROE 7.2% vs industry 25.6% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:22 am

Market Cap 298 Cr.
Current Price 181
Intrinsic Value₹590.88
High / Low 367/175
Stock P/E24.4
Book Value 399
Dividend Yield0.00 %
ROCE11.0 %
ROE7.19 %
Face Value 10.0
PEG Ratio0.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Muthoot Capital Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Muthoot Capital Services Ltd 298 Cr. 181 367/17524.4 3990.00 %11.0 %7.19 % 10.0
MKVentures Capital Ltd 315 Cr. 819 1,890/73266.7 2870.03 %16.6 %9.56 % 10.0
Nahar Capital & Financial Services Ltd 350 Cr. 209 377/1915.30 9840.72 %3.78 %3.21 % 5.00
Naga Dhunseri Group Ltd 237 Cr. 2,371 4,685/2,10023.5 13,0640.11 %1.37 %3.19 % 10.0
Indiabulls Enterprises Ltd 377 Cr. 19.0 26.8/13.7 9.640.00 %43.2 %483 % 2.00
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of Muthoot Capital Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue112.57115.06106.5398.1495.9597.98100.00108.65125.68137.31145.31153.55155.08
Interest 37.7142.6544.1841.1839.7842.4343.7050.7261.5167.6375.0981.3981.16
Expenses 47.4235.2038.0142.5943.3540.7341.1536.5146.2663.8377.3869.1168.14
Financing Profit27.4437.2124.3414.3712.8214.8215.1521.4217.915.85-7.163.055.78
Financing Margin %24.38%32.34%22.85%14.64%13.36%15.13%15.15%19.71%14.25%4.26%-4.93%1.99%3.73%
Other Income 0.250.060.0897.790.790.200.181.140.463.062.181.875.86
Depreciation 0.150.210.150.170.210.330.820.941.081.931.191.211.33
Profit before tax 27.5437.0624.27111.9913.4014.6914.5121.6217.296.98-6.173.7110.31
Tax % 28.14%29.98%26.86%25.69%25.30%20.42%25.57%26.09%27.41%7.88%-24.31%23.99%25.90%
Net Profit 19.7925.9617.7583.2110.0111.6810.8015.9712.566.42-4.672.837.65
EPS in Rs 12.0315.7810.7950.596.097.106.579.717.643.90-2.841.724.65
Gross NPA %21.86%20.55%21.08%11.67%10.69%10.17%9.84%4.80%4.73%4.88%5.76%6.46%6.45%
Net NPA %3.63%2.58%2.57%3.88%3.55%3.40%3.41%1.62%2.22%2.30%2.70%3.07%3.64%

Last Updated: March 3, 2026, 7:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue159191228284398518586504411443399474591
Interest 607798125167238303248209227218258305
Expenses 627994112148147188186417107157153278
Financing Profit36353647831349570-21510924628
Financing Margin %23%18%16%17%21%26%16%14%-52%25%6%13%1%
Other Income -2100000100141313
Depreciation 1111112111156
Profit before tax 34343546821339370-2161091646015
Tax % 34%35%36%35%35%35%35%26%-25%28%25%24%
Net Profit 2222233054866051-162791234612
EPS in Rs 16.2116.2716.6821.9632.6452.3536.7731.29-98.4647.8474.5827.827.43
Dividend Payout % 25%28%30%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%4.55%30.43%80.00%59.26%-30.23%-15.00%-417.65%148.77%55.70%-62.60%
Change in YoY Net Profit Growth (%)0.00%4.55%25.89%49.57%-20.74%-89.49%15.23%-402.65%566.41%-93.07%-118.30%

Muthoot Capital Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:-4%
3 Years:5%
TTM:32%
Compounded Profit Growth
10 Years:7%
5 Years:-5%
3 Years:32%
TTM:-54%
Stock Price CAGR
10 Years:9%
5 Years:-9%
3 Years:11%
1 Year:-27%
Return on Equity
10 Years:8%
5 Years:2%
3 Years:11%
Last Year:7%

Last Updated: September 5, 2025, 11:20 am

Balance Sheet

Last Updated: January 7, 2026, 4:06 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212161616161616161616
Reserves 106121135166377431491543395473595642641
Borrowing5717008789911,4412,1262,3511,9451,6251,8911,6602,8552,996
Other Liabilities 2543471091436755566355427278
Total Liabilities 7158761,0721,2781,9782,6402,9132,5602,0992,4352,3143,5853,731
Fixed Assets 32222243226108
CWIP 0000000000000
Investments 7141415182016162746107112121
Other Assets 7058601,0571,2611,9572,6182,8932,5402,0692,3882,2013,4633,602
Total Assets 7158761,0721,2781,9782,6402,9132,5602,0992,4352,3143,5853,731

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -199-129-166-99-614-5012467073-46-7-1,096
Cash from Investing Activity + -8-60-2-3021-9-17-63-8
Cash from Financing Activity + 214130165107619529229-416-311272-2511,220
Net Cash Flow 7-5-06229255255-248209-321116
Free Cash Flow -201-129-167-100-615-5012166973-47-12-1,102
CFO/OP -194%-104%-111%-48%-233%-119%16%215%-1,635%-5%8%-337%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-509.00-621.00-784.00-879.00147.00145.00186.00185.00416.00106.00156.00151.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 21%18%16%18%19%20%13%10%-33%17%9%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.62%62.62%62.62%62.62%62.62%62.62%62.62%62.62%62.62%62.62%63.33%63.33%
FIIs 0.61%0.97%1.56%1.35%1.36%1.32%1.30%1.46%1.39%2.50%1.99%1.38%
DIIs 0.88%0.86%0.93%0.68%0.68%0.84%1.22%1.27%1.36%1.45%1.43%1.43%
Public 35.90%35.55%34.88%35.35%35.33%35.22%34.86%34.65%34.62%33.42%33.25%33.85%
No. of Shareholders 19,67418,72518,02218,65819,73319,78221,75522,34822,52422,63322,42921,931

Shareholding Pattern Chart

No. of Shareholders

Muthoot Capital Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 27.8174.5847.84-104.5431.29
Diluted EPS (Rs.) 27.8174.5847.84-104.5431.29
Cash EPS (Rs.) 30.7175.1048.23-103.9332.07
Book Value[Excl.RevalReserv]/Share (Rs.) 400.10371.94297.46235.71340.16
Book Value[Incl.RevalReserv]/Share (Rs.) 400.10371.94297.46235.71340.16
Revenue From Operations / Share (Rs.) 286.76242.22270.07241.63306.47
PBDIT / Share (Rs.) 175.55144.05156.62-47.52156.75
PBIT / Share (Rs.) 172.65143.52156.22-48.10155.96
PBT / Share (Rs.) 36.7299.9266.15-139.2442.25
Net Profit / Share (Rs.) 27.8174.5847.84-104.5231.28
PBDIT Margin (%) 61.2159.4657.99-19.6651.14
PBIT Margin (%) 60.2059.2557.84-19.9050.88
PBT Margin (%) 12.8041.2424.49-57.6213.78
Net Profit Margin (%) 9.6930.7817.71-43.2510.20
Return on Networth / Equity (%) 6.9520.0516.08-44.349.19
Return on Capital Employeed (%) 42.5838.2231.86-12.3126.39
Return On Assets (%) 1.275.303.23-8.282.01
Long Term Debt / Equity (X) 0.000.000.630.640.72
Total Debt / Equity (X) 4.332.713.874.193.48
Asset Turnover Ratio (%) 0.150.160.190.170.18
Current Ratio (X) 1.201.311.421.351.58
Quick Ratio (X) 1.201.311.421.351.58
Interest Coverage Ratio (X) 1.291.411.74-0.521.38
Interest Coverage Ratio (Post Tax) (X) 1.201.161.53-0.141.28
Enterprise Value (Cr.) 2858.771854.351738.331718.071938.92
EV / Net Operating Revenue (X) 6.064.653.914.323.85
EV / EBITDA (X) 9.907.836.75-21.987.52
MarketCap / Net Operating Revenue (X) 0.861.110.941.081.20
Price / BV (X) 0.610.720.861.111.08
Price / Net Operating Revenue (X) 0.861.110.941.081.20
EarningsYield 0.110.270.18-0.400.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Muthoot Capital Services Ltd. is a Public Limited Listed company incorporated on 18/02/1994 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L67120KL1994PLC007726 and registration number is 007726. Currently company belongs to the Industry of Non-Banking Financial Company (NBFC). Company's Total Operating Revenue is Rs. 471.65 Cr. and Equity Capital is Rs. 16.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)3rd Floor, Kochi Kerala 682035Contact not found
Management
NamePosition Held
Mrs. Tina Suzanne GeorgeWhole Time Director
Mrs. Ritu Elizabeth GeorgeDirector
Ms. Susan JohnDirector
Mr. Robin TommyIndependent Director
Mr. Thomas MathewIndependent Director
Mrs. Divya AbhishekIndependent Woman Director
Mrs. Shirley ThomasIndependent Woman Director

FAQ

What is the intrinsic value of Muthoot Capital Services Ltd and is it undervalued?

As of 19 April 2026, Muthoot Capital Services Ltd's intrinsic value is ₹590.88, which is 226.45% higher than the current market price of ₹181.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.19 %), book value (₹399), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Muthoot Capital Services Ltd?

Muthoot Capital Services Ltd is trading at ₹181.00 as of 19 April 2026, with a FY2026-2027 high of ₹367 and low of ₹175. The stock is currently near its 52-week low. Market cap stands at ₹298 Cr..

How does Muthoot Capital Services Ltd's P/E ratio compare to its industry?

Muthoot Capital Services Ltd has a P/E ratio of 24.4, which is below the industry average of 171.25. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Muthoot Capital Services Ltd financially healthy?

Key indicators for Muthoot Capital Services Ltd: ROCE of 11.0 % is moderate; ROE of 7.19 % is below ideal levels (industry average: 25.55%). Dividend yield is 0.00 %.

Is Muthoot Capital Services Ltd profitable and how is the profit trend?

Muthoot Capital Services Ltd reported a net profit of ₹46 Cr in Mar 2025 on revenue of ₹474 Cr. Compared to ₹-162 Cr in Mar 2022, the net profit shows an improving trend.

Does Muthoot Capital Services Ltd pay dividends?

Muthoot Capital Services Ltd has a dividend yield of 0.00 % at the current price of ₹181.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Muthoot Capital Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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