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Last Updated: April 2, 2026, 3:22 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533398 | NSE: MUTHOOTFIN

Muthoot Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,087.86Overvalued by 35.88%vs CMP ₹3,256.00

P/E (15.3) × ROE (19.7%) × BV (₹859.00) × DY (0.80%)

₹1,967.07Overvalued by 39.59%vs CMP ₹3,256.00
MoS: -65.5% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,436.1724%Over (-25.2%)
Graham NumberEarnings₹2,029.5017%Over (-37.7%)
Earnings PowerEarnings₹860.5614%Over (-73.6%)
DCFCash Flow₹4,607.1711%Under (+41.5%)
Net Asset ValueAssets₹793.168%Over (-75.6%)
EV/EBITDAEnterprise₹19.189%Over (-99.4%)
Earnings YieldEarnings₹2,131.108%Over (-34.5%)
ROCE CapitalReturns₹1,929.379%Over (-40.7%)
Consensus (8 models)₹1,967.07100%Overvalued
Key Drivers: Wide model spread (₹19–₹4,607) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.7%

*Investments are subject to market risks

Investment Snapshot

63
Muthoot Finance Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health74/100 · Strong
ROCE 13.4% GoodROE 19.7% ExcellentD/E 3.24 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding up 0.73% (6mo) Slight increaseDII holding down 0.62% MF sellingPromoter holding at 73.4% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum70/100 · Strong
Profit (4Q): +80% YoY Strong
Industry Rank65/100 · Strong
P/E 15.3 vs industry 171.3 Cheaper than peersROCE 13.4% vs industry 11.4% Average

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 1,30,718 Cr.
Current Price 3,256
Intrinsic Value₹1,967.07
High / Low 4,150/1,964
Stock P/E15.3
Book Value 859
Dividend Yield0.80 %
ROCE13.4 %
ROE19.7 %
Face Value 10.0
PEG Ratio0.92

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

View Share Price Target for Muthoot Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Muthoot Finance Ltd 1,30,718 Cr. 3,256 4,150/1,96415.3 8590.80 %13.4 %19.7 % 10.0
L&T Finance Holdings Ltd 61,248 Cr. 245 329/14021.6 1051.12 %8.71 %10.8 % 10.0
SBI Cards & Payment Services Ltd 60,631 Cr. 637 1,027/63229.0 1550.39 %10.4 %14.8 % 10.0
Motilal Oswal Financial Services Ltd 40,926 Cr. 680 1,097/48820.2 2140.88 %18.7 %25.2 % 1.00
Cholamandalam Financial Holdings Ltd 26,039 Cr. 1,387 2,299/1,30511.0 7280.09 %10.6 %19.1 % 1.00
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of Muthoot Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue2,6602,8532,9993,0603,1683,4093,7044,1174,4234,8545,7036,4327,243
Interest 9149411,0641,1561,2121,2231,3511,5501,6481,8802,1192,3132,647
Expenses 5316906355725667538498529139668329711,007
Financing Profit1,2141,2231,3001,3321,3901,4341,5041,7151,8632,0092,7523,1493,589
Financing Margin %46%43%43%44%44%42%41%42%42%41%48%49%50%
Other Income 71028148969834172920
Depreciation 15171315171918162023242628
Profit before tax 1,2071,2161,3151,3301,3801,4241,4921,7081,8512,0202,7453,1513,582
Tax % 25%26%26%26%26%26%28%27%26%25%25%26%26%
Net Profit 9029039759911,0271,0561,0791,2511,3631,5082,0462,3452,656
EPS in Rs 22.4622.4924.2924.6925.5926.3126.8731.1633.9537.5650.9758.4166.17
Gross NPA %2.58%3.79%4.26%4.01%3.62%3.28%3.98%4.30%4.22%3.41%2.58%2.25%1.58%
Net NPA %2.31%3.40%3.82%3.59%3.23%2.90%3.48%3.68%3.51%2.79%2.10%1.86%1.30%

Last Updated: March 3, 2026, 7:16 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
Revenue4,9474,3254,8755,7466,2676,8788,71510,55711,08210,51512,63517,09924,233
Interest 2,6302,1082,2602,2981,9352,2432,7963,6993,8453,7094,6676,4668,958
Expenses 1,0771,1051,2411,4791,5101,5181,8271,8181,8912,1102,5133,5433,775
Financing Profit1,2411,1121,3741,9692,8223,1174,0925,0405,3474,6965,4557,09111,499
Financing Margin %25%26%28%34%45%45%47%48%48%45%43%41%47%
Other Income 000066281716295957100
Depreciation 478458484442435154586677100
Profit before tax 1,1941,0281,3171,9212,8453,0774,0575,0075,3094,6665,4497,07111,499
Tax % 35%35%39%39%38%36%26%26%26%26%26%26%
Net Profit 7806718101,1801,7781,9723,0183,7223,9543,4744,0505,2018,556
EPS in Rs 20.9916.8520.2929.5344.4349.2275.2692.7898.5386.52100.87129.54213.11
Dividend Payout % 29%36%30%20%23%24%20%22%20%25%24%20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-13.97%20.72%45.68%50.68%10.91%53.04%23.33%6.23%-12.14%16.58%28.42%
Change in YoY Net Profit Growth (%)0.00%34.69%24.96%5.00%-39.77%42.13%-29.72%-17.09%-18.37%28.72%11.84%

Muthoot Finance 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:15%
5 Years:14%
3 Years:16%
TTM:43%
Compounded Profit Growth
10 Years:23%
5 Years:11%
3 Years:10%
TTM:49%
Stock Price CAGR
10 Years:33%
5 Years:20%
3 Years:40%
1 Year:42%
Return on Equity
10 Years:21%
5 Years:21%
3 Years:19%
Last Year:20%

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

Balance Sheet

Last Updated: December 10, 2025, 3:07 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 372398399399400401401401401401401401401
Reserves 3,8934,6865,2206,1177,4129,39211,17114,83817,94320,66023,88928,03631,442
Borrowing19,47819,43618,56720,98521,16726,83337,13045,94649,81149,73458,78389,820111,945
Other Liabilities 1,8522,2502,8623,2111,8131,4431,7582,2802,3991,8241,9552,9913,680
Total Liabilities 25,59426,76927,04930,71330,79238,06950,46063,46570,55572,62085,028121,249147,468
Fixed Assets 313257218208200193228247267272350480472
CWIP 14791062329384667881310
Investments 3538982093959831,4381,5901,3201,3172,2684,4997,931
Other Assets 25,23226,46726,72330,28630,19136,87148,76561,58968,92170,96482,322116,257139,055
Total Assets 25,59426,76927,04930,71330,79238,06950,46063,46570,55572,62085,028121,249147,468

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 5,726-460214-1,710-87-3,858-4,458-7,477-1,142-1,902-9,302-25,855
Cash from Investing Activity + -3-16-67-134-194-585-42948408188-739-1,944
Cash from Financing Activity + -5,107254-1,2042,457-5545,7018,6789,0412,796-1,0368,64929,933
Net Cash Flow 617-222-1,058613-8341,2583,7911,6122,062-2,750-1,3922,134
Free Cash Flow 5,655-485193-1,749-114-3,919-4,536-7,560-1,213-1,995-9,471-25,975
CFO/OP 159%-3%16%-20%19%-51%-50%-71%2%-8%-78%-178%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-18.00-18.00-17.00-19.00-20.00-25.00-36.00-44.00-48.00-47.00-56.00-86.00

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 % 20%14%15%19%25%22%28%28%24%18%18%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.35%73.35%73.35%73.35%73.35%73.35%73.35%73.35%73.35%73.35%73.35%73.35%
FIIs 9.37%8.70%8.12%8.34%8.33%8.68%9.85%10.26%11.02%10.84%11.58%11.75%
DIIs 12.66%13.73%14.64%14.61%14.72%14.55%13.30%12.99%11.75%12.21%11.37%11.13%
Public 4.61%4.21%3.87%3.72%3.59%3.41%3.50%3.38%3.87%3.60%3.70%3.77%
No. of Shareholders 2,72,1482,46,5972,17,2332,03,2841,94,9511,82,9902,98,3043,04,5283,05,6722,88,6882,99,7093,05,964

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 7,000,000 3.3 2680.729,000,0002025-12-08 00:51:45-22.22%
SBI Focused Fund 7,000,000 6.23 2680.72N/AN/AN/A
Motilal Oswal Large and Midcap Fund 1,772,270 4.65 678.711,736,0082026-02-23 03:00:282.09%
SBI Flexicap Fund 1,381,107 2.28 528.911,777,1072025-12-14 03:35:27-22.28%
SBI Banking & Financial Services Fund 1,174,249 4.32 449.691,074,2492026-02-22 17:44:089.31%
Tata Value Fund 1,098,000 4.77 420.491,143,0002026-02-22 17:21:01-3.94%
ICICI Prudential MidCap Fund 824,501 4.53 315.75N/AN/AN/A
SBI Childrens Fund - Investment Plan 700,000 5.18 268.07N/AN/AN/A
HSBC Midcap Fund 664,144 2.09 254.34820,8402026-02-22 14:13:56-19.09%
PGIM India Midcap Fund 556,915 1.98 213.28779,7112026-02-22 12:50:49-28.57%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 132.84107.7289.99100.1094.84
Diluted EPS (Rs.) 132.83107.7189.98100.0594.76
Cash EPS (Rs.) 136.21113.5893.36102.1996.87
Book Value[Excl.RevalReserv]/Share (Rs.) 731.49625.39551.82476.84392.82
Book Value[Incl.RevalReserv]/Share (Rs.) 731.49625.39551.82476.84392.82
Revenue From Operations / Share (Rs.) 503.51375.17296.37303.60287.41
PBDIT / Share (Rs.) 368.51286.92229.42242.59231.78
PBIT / Share (Rs.) 365.62284.62227.47240.84230.10
PBT / Share (Rs.) 180.99149.37122.63134.80127.90
Net Profit / Share (Rs.) 133.32111.2891.41100.4495.19
NP After MI And SOA / Share (Rs.) 132.84107.7189.98100.0894.83
PBDIT Margin (%) 73.1876.4777.4179.9080.64
PBIT Margin (%) 72.6175.8676.7579.3280.05
PBT Margin (%) 35.9439.8141.3744.4044.50
Net Profit Margin (%) 26.4729.6630.8433.0833.11
NP After MI And SOA Margin (%) 26.3828.7130.3632.9632.99
Return on Networth / Equity (%) 18.1517.2216.6721.3824.42
Return on Capital Employeed (%) 47.5543.4224.1128.8729.19
Return On Assets (%) 4.014.484.505.265.54
Long Term Debt / Equity (X) 0.000.000.700.720.98
Total Debt / Equity (X) 3.382.722.572.903.24
Asset Turnover Ratio (%) 0.170.170.140.150.17
Current Ratio (X) 1.291.361.881.771.84
Quick Ratio (X) 1.291.361.881.771.84
Dividend Payout Ratio (NP) (%) 18.0620.4222.2219.970.00
Dividend Payout Ratio (CP) (%) 17.6819.9921.7519.630.00
Earning Retention Ratio (%) 81.9479.5877.7880.030.00
Cash Earning Retention Ratio (%) 82.3280.0178.2580.370.00
Interest Coverage Ratio (X) 2.002.122.192.292.27
Interest Coverage Ratio (Post Tax) (X) 1.721.821.871.951.93
Enterprise Value (Cr.) 187269.98121977.9187557.3897948.6590952.44
EV / Net Operating Revenue (X) 9.268.107.368.047.89
EV / EBITDA (X) 12.6610.599.5110.069.78
MarketCap / Net Operating Revenue (X) 4.733.943.304.384.20
Retention Ratios (%) 81.9379.5777.7780.020.00
Price / BV (X) 3.262.361.812.843.11
Price / Net Operating Revenue (X) 4.733.943.304.384.20
EarningsYield 0.050.070.090.070.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Muthoot Finance Ltd. is a Public Limited Listed company incorporated on 14/03/1997 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L65910KL1997PLC011300 and registration number is 011300. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 17099.09 Cr. and Equity Capital is Rs. 401.46 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)NH Bypass, Palarivattom, Kochi Kerala 682028Contact not found
Management
NamePosition Held
Mr. George Jacob MuthootChairman & Wholetime Director
Mr. George Alexander MuthootManaging Director
Mr. George Thomas MuthootWhole Time Director
Mr. Alexander GeorgeWhole Time Director
Mr. George AlexanderWhole Time Director
Mr. George Muthoot JacobWhole Time Director
Mr. George Muthoot GeorgeWhole Time Director
Mr. Vadakkekara Anthony GeorgeIndependent Director
Mr. C A MohanIndependent Director
Mr. Ravindra PisharodyIndependent Director
Mrs. Usha SunnyIndependent Director
Mr. Joseph KorahIndependent Director
Mr. Jose MathewIndependent Director
Mr. Abraham ChackoIndependent Director
Mr. George JosephIndependent Director

FAQ

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

As of 14 April 2026, Muthoot Finance Ltd's intrinsic value is ₹1967.07, which is 39.59% lower than the current market price of ₹3,256.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.7 %), book value (₹859), dividend yield (0.80 %), and 5-year EPS CAGR.

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

Muthoot Finance Ltd is trading at ₹3,256.00 as of 14 April 2026, with a FY2026-2027 high of ₹4,150 and low of ₹1,964. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,30,718 Cr..

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

Muthoot Finance Ltd has a P/E ratio of 15.3, 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 Finance Ltd financially healthy?

Key indicators for Muthoot Finance Ltd: ROCE of 13.4 % is moderate; ROE of 19.7 % shows strong shareholder returns. Dividend yield is 0.80 %.

Is Muthoot Finance Ltd profitable and how is the profit trend?

Muthoot Finance Ltd reported a net profit of ₹5,201 Cr in Mar 2025 on revenue of ₹17,099 Cr. Compared to ₹3,954 Cr in Mar 2022, the net profit shows an improving trend.

Does Muthoot Finance Ltd pay dividends?

Muthoot Finance Ltd has a dividend yield of 0.80 % at the current price of ₹3,256.00. The company pays dividends, though the yield is modest.

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 Finance 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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