Muthoot FinanceNSE: MUTHOOTFINBSE: 533398Financial Services · Non Banking Financial Company (NBFC)Muthoot Finance Financial Statements
For Mar 2026, Muthoot Finance reported net profit of ₹10,590 crore. Return on equity stands at 30.90%. Profit & loss, balance sheet and cash flow across 9 reported years are below.
- Profit after tax
- ₹10,590 Cr
- EPS
- ₹263.79
- Latest year
- Mar 2026
- Years reported
- 9
Muthoot Finance profit & loss
Reported annual performance for Muthoot Finance, oldest to newest. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Interest Earned | 0 | 0 | 9,418 | 11,232 | 11,925 | 11,556 | 14,546 | 19,663 | 30,371 |
| Other Income | 97 | 7 | 23 | 36 | 53 | 77 | 101 | 110 | 54 |
| Total Income | 6,705 | 7,601 | 9,707 | 11,566 | 12,237 | 11,975 | 15,163 | 20,324 | 31,263 |
| Net Interest Income | — | — | 9,418 | 11,232 | 11,925 | 11,556 | 14,546 | 19,663 | 30,371 |
| Profit Before Tax (PBT) | 2,872 | 3,260 | 4,260 | 5,131 | 5,410 | 4,923 | 5,997 | 7,266 | 14,305 |
| Tax Expense | 1,074 | 1,157 | 1,092 | 1,313 | 1,379 | 1,253 | 1,529 | 1,914 | 3,698 |
| Current Tax | 1,052 | 1,170 | 1,078 | 1,335 | 1,410 | 1,224 | 1,580 | 1,981 | 3,775 |
| Deferred Tax | 22 | -14 | 14 | -23 | -32 | 29 | -51 | -67 | -77 |
| Effective Tax % | 37.38% | 35.48% | 25.62% | 25.58% | 25.49% | 25.45% | 25.5% | 26.34% | 25.85% |
| Total Profit for Period | 1,799 | 2,103 | 3,169 | 3,819 | 4,031 | 3,670 | 4,468 | 5,352 | 10,607 |
| Less: Non-controlling Interests | 15 | 25 | 30 | 14 | 15 | 57 | 143 | 19 | 17 |
| Net Profit (Owner's PAT) | 1,784 | 2,078 | 3,138 | 3,804 | 4,017 | 3,612 | 4,324 | 5,333 | 10,590 |
| PAT Growth YoY % | — | 16.48% | 51.02% | 21.23% | 5.58% | -10.07% | 19.71% | 23.32% | 98.58% |
| Earnings Per Share (EPS) | ₹44.6 | ₹51.86 | ₹78.25 | ₹94.83 | ₹100.08 | ₹89.98 | ₹107.71 | ₹132.84 | ₹263.79 |
| Diluted Shares Outstanding (Cr.) | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Other Comprehensive Income (Net of Tax) | 0 | -2 | 59 | -62 | -78 | 43 | 70 | -86 | 219 |
| Dividend Income | 0 | 0 | 1 | 0 | 0 | 1 | 5 | 2 | 4 |
| Impairment On Financial Instruments | 0 | 0 | 187 | 255 | 384 | 242 | 554 | 1,635 | 1,026 |
| Net Gain Amortised Derecognition | 0 | 0 | 78 | 24 | 85 | 140 | 172 | 110 | 109 |
| Net Gain Fair Value Changes | 0 | 0 | 74 | 165 | 49 | 52 | 64 | 128 | 278 |
| Net Loss Amortised Derecognition | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 |
| Other Revenue From Operations | 0 | 0 | 94 | 99 | 112 | 137 | 266 | 0 | 435 |
| Revenue Sale Of Services | 0 | 0 | 19 | 12 | 14 | 11 | 9 | 311 | 13 |
Muthoot Finance balance sheet
Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Equity | 10,074 | 12,001 | 15,760 | 19,138 | 22,153 | 25,754 | 29,993 | 39,774 |
| Equity Share Capital | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 |
| Reserves & Surplus | 9,531 | 11,428 | 15,174 | 18,384 | 21,264 | 24,706 | 28,965 | 38,729 |
| Total Equity | 10,074 | 12,001 | 15,760 | 19,138 | 22,153 | 25,754 | 29,993 | 39,774 |
| Total Banking Liabilities | — | 256 | 258 | — | 331 | 402 | 578 | 780 |
| Deposits | — | 256 | 258 | — | 331 | 402 | 578 | 780 |
| Non-Current Liabilities | 1 | 42,321 | 51,952 | 56,176 | 57,175 | 69,978 | 1,01,636 | 1,54,471 |
| Long-term Borrowings | — | 30,012 | 35,101 | 40,855 | 40,597 | 50,052 | 74,504 | 1,13,630 |
| Deferred Tax Liabilities | 1 | 15 | 14 | 17 | 15 | 17 | 25 | 33 |
| Non-Current Provisions | — | 371 | 370 | 368 | 362 | 373 | 424 | 523 |
| Current Liabilities | 31,660 | 559 | 930 | 1,003 | 821 | 738 | 1,230 | 1,508 |
| Short-term Borrowings | 21,131 | — | — | — | — | — | — | — |
| Trade Payables | 166 | 222 | 211 | 381 | 216 | 267 | 299 | 348 |
| Current Financial Liabilities | 31,341 | — | — | — | — | — | — | — |
| Other Current Financial Liabilities | 10,043 | — | — | — | — | — | — | — |
| Other Current Liabilities | 42 | — | — | — | — | — | — | — |
| Current Provisions | 217 | — | — | — | — | — | — | — |
| Current Tax Liabilities | 61 | 81 | 130 | 142 | 81 | 55 | 259 | 380 |
| Derivative Financial Liabilities | — | — | 331 | 480 | 192 | 14 | 94 | — |
| Additional Liability Fields | — | 10,668 | 15,038 | 13,474 | 14,859 | 17,807 | 24,286 | 37,377 |
| Debt Securities | — | 10,283 | 14,667 | 13,174 | 14,605 | 17,476 | 23,986 | 36,864 |
| Sub Liabilities | — | 385 | 371 | 300 | 255 | 331 | 300 | 513 |
| Total Liabilities | 31,661 | 42,880 | 52,882 | 57,179 | 57,996 | 70,715 | 1,02,866 | 1,55,980 |
| Total Non-Current Assets | 319 | 48,388 | 60,586 | 65,923 | 72,056 | 90,107 | 1,24,479 | 1,81,097 |
| Property, Plant & Equipment (PPE) | 206 | 259 | 275 | 296 | 327 | 426 | 621 | 655 |
| Capital Work-in-Progress | 23 | 29 | 38 | 52 | 67 | 88 | 13 | 10 |
| Intangible Assets | 8 | 9 | 9 | 6 | 6 | 6 | 5 | 4 |
| Investment Property | 16 | 16 | 14 | 9 | 8 | 9 | 12 | 12 |
| Non-Current Investments | — | 630 | 809 | 523 | 546 | 712 | 2,401 | 550 |
| Loans – Non-Current | — | 47,068 | 58,809 | 64,528 | 70,554 | 88,187 | 1,20,578 | 1,78,857 |
| Net Fixed Assets | 236 | 297 | 322 | 355 | 401 | 520 | 639 | 670 |
| Total Current Assets | 41,416 | 6,494 | 8,056 | 10,393 | 8,093 | 6,362 | 8,381 | 14,657 |
| Trade Receivables | 22 | 9 | 10 | 7 | 10 | 18 | 12 | 12 |
| Cash & Cash Equivalents | 2,006 | 5,835 | 7,778 | 10,036 | 7,770 | 6,037 | 8,167 | 12,614 |
| Current Investments | 211 | — | — | — | — | — | — | — |
| Loans – Current | 38,723 | — | — | — | — | — | — | — |
| Current Financial Assets | 41,338 | — | — | — | — | — | — | — |
| Other Current Assets | 75 | — | — | — | — | — | — | — |
| Other Current Financial Assets | 180 | — | — | — | — | — | — | — |
| Current Tax Assets | 2 | 9 | 9 | 11 | 47 | 72 | 23 | 20 |
| Derivative Financial Assets | — | 345 | 15 | 61 | — | — | — | 1,758 |
| Net Working Capital | 9,756 | 5,935 | 7,125 | 9,391 | 7,272 | 5,624 | 7,151 | 13,149 |
| Additional Asset Fields | 179 | 189 | 244 | 461 | 551 | 744 | 828 | 856 |
| Def Tax Assets | 37 | 17 | 59 | 109 | 64 | 98 | 201 | 212 |
| Non Controlling Int | 142 | 172 | 185 | 352 | 487 | 647 | 627 | 644 |
| Total Assets | 41,735 | 54,882 | 68,641 | 76,316 | 80,149 | 96,469 | 1,32,860 | 1,95,754 |
| Total Borrowings | 21,131 | 30,012 | 35,101 | 40,855 | 40,597 | 50,052 | 74,504 | 1,13,630 |
| Net Debt | 19,126 | 24,177 | 27,323 | 30,820 | 32,827 | 44,015 | 66,337 | 1,01,016 |
| Debt to Equity (x) | 2.1 | 2.5 | 2.23 | 2.13 | 1.83 | 1.94 | 2.48 | 2.86 |
| Current Ratio (x) | 1.31 | 11.62 | 8.66 | 10.37 | 9.86 | 8.62 | 6.81 | 9.72 |
Muthoot Finance cash flow statement
Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Net Cash from Operating Activities | -1,373 | -2,804 | -13,754 | -26,376 | -47,393 |
| Profit Before Tax | 5,410 | 4,923 | 5,997 | 7,266 | 14,305 |
| Depreciation & Amortisation | 70 | 78 | 92 | 116 | 137 |
| Finance Costs | 4,256 | 4,209 | 5,430 | 7,412 | 11,000 |
| Working Capital Changes | -5,911 | -6,180 | -18,043 | -33,891 | -59,685 |
| Tax Paid | -1,402 | -1,322 | -1,633 | -1,725 | -3,648 |
| Net Cash from Investing Activities | 422 | 181 | -47 | 1,791 | 2,458 |
| Purchase of PPE | -97 | -141 | -222 | -217 | -153 |
| Sale of Fixed Assets | 3 | 2 | 2 | -2 | 3 |
| Interest Received | 176 | 272 | 345 | 427 | 528 |
| Net Cash from Financing Activities | 3,222 | 395 | 11,958 | 29,893 | 49,320 |
| Proceeds from Borrowings | 5,483 | 0 | 9,917 | 24,460 | 37,315 |
| Repayment of Borrowings | 0 | -436 | 0 | -32 | 212 |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid | -803 | -803 | -884 | -965 | -1,044 |
| Buyback / Redemption of Shares | 0 | 0 | 0 | 0 | 0 |
| Lease Liabilities Paid | -8 | -9 | -9 | 0 | 0 |
| Net Change in Cash | 2,260 | -2,229 | -1,841 | 5,309 | 4,388 |
| Effect of Foreign Exchange Changes | -11 | -1 | 2 | 2 | 4 |
| Free Cash Flow | -1,470 | -2,945 | -13,976 | -26,593 | -47,545 |
| CFO / PBT (x) | -0.25 | -0.57 | -2.29 | -3.63 | -3.31 |
Muthoot Finance key ratios
Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.
Muthoot Finance trades at a P/E of 11.41× against a sector median of 16.36× — a 30% discount. Sector comparisons can mislead for conglomerates with mixed business lines.
| Ratio | Category | Value |
|---|---|---|
| P/E (TTM) | Valuation | 11.41 |
| Forward P/E | Valuation | 9.57 |
| P/B | Valuation | 3.09 |
| PEG (TTM) | Valuation | 0.26 |
| EV / EBITDA (TTM) | Valuation | 18.3 |
| P/S (TTM) | Valuation | 6.4 |
| Operating margin | Profitability | 81.4% |
| Net margin (TTM) | Profitability | 52.04% |
| Return on equity | Return ratios | 30.9% |
| Return on capital employed | Return ratios | 15.8% |
| Return on assets | Return ratios | 6.46% |
| Debt to equity | Leverage & liquidity | 3.88 |
| Beta | Leverage & liquidity | 1.01 |
| EPS (TTM) | Per share | ₹263.93 |
| Book value | Per share | ₹974.67 |
| Revenue / share (TTM) | Per share | ₹506.85 |
| Cash flow / share | Per share | ₹-1,180.48 |
| Dividend yield | Shareholder returns | 1.83% |
| Dividend payout (TTM) | Shareholder returns | 21.22% |
How this is calculated
Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.
Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.
Muthoot Finance: frequently asked questions
Is Muthoot Finance profitable?
Muthoot Finance reported a net profit of ₹10,590 crore in Mar 2026, up 98.6% on the previous financial year.
What is Muthoot Finance's EPS?
Muthoot Finance reported earnings per share of ₹263.79 for Mar 2026.
What is Muthoot Finance's return on equity?
Muthoot Finance's return on equity stands at 30.90%. ROE measures profit generated per rupee of shareholder equity.
How many years of Muthoot Finance financials are shown?
9 reported financial years are tabulated on this page, the most recent being Mar 2026.
Are these figures consolidated or standalone?
Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.
More Muthoot Finance data
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The data, ratios and commentary about Muthoot Finance Limited (MUTHOOTFIN) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.