Muthoot Microfin Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,436 Cr
- P/E
- 9.93
- ROE
- 6.22%
- PEG
- 7.23
- Price to sales
- 0.98
- Debt to equity
- 3.40
- 52W high / low
- ₹256 / ₹141
- Sales growth (5Y)
- 28.26%
- EBITDA margin
- 50.47%
- Net profit margin
- 7.19%
- Promoter holding
- 55.47%
- Sales (last year)
- ₹2,480 Cr
Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India[1]
Guidance scorecard · Q1 FY27 call
What Muthoot Microfin Ltd's management guided
and where it ranks in Finance
Finance
RevenueQ1 FY27 call
20–40%- Muthoot Microfin expects strong credit growth driven by its top three focus products: individual loans, JLG (Joint Liability Group) loans, and gold loans.
- Disbursements are targeted at INR 1,000 crores per month, aiming for over INR 12,000 crores annually, indicating significant volume growth.
- The company plans to expand its branch network from around 1,670 to approximately 1,740-1,750 branches, supporting customer acquisition and sales growth.
- Diversification from MFI to non-MFI loans will increase the share of non-MFI to 40-45% of the portfolio, enhancing revenue mix.
- Digital penetration is improving, especially for individual loans (40% digital collections), expected to improve efficiency and collection rates.
2 more points from Muthoot Microfin Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Muthoot Microfin Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Muthoot Microfin is focused on expanding its branch network, especially in Andhra Pradesh, Assam, and newer territories; aiming to increase branches to around 1,740-1,750 from the current 1,670.
- Investment in technology and digital infrastructure is ongoing, evidenced by the growth in digital collections (currently 40%, improving 6% quarterly) and promoting the Muthoot Mahila Mitra app among high-score customers for better customer retention.
- Introduction and scaling of new product lines, such as consumer durable loans (approved at Board meeting) and gold loan referrals/co-lending, is a strategic move to diversify offerings and capture greater wallet share.
- Capital availability is strong with liquidity of INR 5,000 crores sanctioned and INR 1,000 crores credit guarantee scheme accessible, supporting growth and potential capital investments.
FundraisingQ1 FY27 call
PlannedSee what Muthoot Microfin Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company reported strong disbursement momentum with INR 2,644 crores disbursed in Q1 FY27.
- The target for monthly disbursement is around INR 1,000 crores, totaling over INR 12,000 crores for the full financial year.
- Gold loan disbursements have scaled up to INR 100 crores per month post Q1, with an aim to reach INR 1,200 crores disbursed and INR 500 crores outstanding portfolio.
2 more points from Muthoot Microfin Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,742 Cr | 71.8 | |
| 2 | 40%+ | Up 2%+ | ₹464 Cr | 23.9 | |
| 3 | 40%+ | Up 0–2% | ₹961 Cr | 32.7 | |
| 4 | 40%+ | Flat | ₹23,820 Cr | 21.1 | |
| 5 | 40%+ | Flat | ₹16,498 Cr | 72.4 | |
| 6 | 40%+ | Flat | ₹15,549 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Finance rankingFinancials of Muthoot Microfin Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Muthoot Microfin Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 444 | 479 | 564 | 577 | 643 | 663 | 662 | 681 | 555 | 559 | 576 | 603 | 632 |
| Interest | 168 | 194 | 221 | 232 | 231 | 234 | 237 | 237 | 222 | 210 | 211 | 222 | 232 |
| Expenses + | 146 | 150 | 189 | 208 | 227 | 273 | 334 | 428 | 845 | 333 | 318 | 304 | 300 |
| Financing Profit | 130 | 135 | 153 | 137 | 185 | 156 | 91 | 15 | -512 | 16 | 47 | 77 | 101 |
| Financing Margin % | 29% | 28% | 27% | 24% | 29% | 24% | 14% | 2% | -92% | 3% | 8% | 13% | 16% |
| Other Income + | 4 | 1 | 2 | 2 | 2 | 0 | 1 | 1 | 1 | 0 | 1 | 3 | 7 |
| Depreciation | 7 | 8 | 9 | 9 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 10 | 11 |
| Profit before tax | 126 | 128 | 147 | 130 | 177 | 147 | 81 | 5 | -522 | 6 | 37 | 69 | 97 |
| Tax % | 25% | 25% | 25% | 4% | 32% | 23% | 24% | 25% | -23% | -7% | 18% | 10% | 27% |
| Net Profit + | 95 | 96 | 110 | 125 | 120 | 113 | 62 | 4 | -401 | 6 | 31 | 62 | 71 |
| EPS in Rs | 8.09 | 8.19 | 9.38 | 7.31 | 7.02 | 6.64 | 3.61 | 0.22 | -23.53 | 0.36 | 1.79 | 3.66 | 4.17 |
| Gross NPA % | 2.75% | 3.03% | 4.84% | 4.85% | 4.61% | 4.40% | |||||||
| Net NPA % | 0.51% | 0.34% | 1.34% | 1.58% | 1.41% | 1.34% |
Financials of Muthoot Microfin Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue + | 748 | 860 | 684 | 833 | 1,429 | 2,249 | 2,562 | 2,370 |
| Interest | 234 | 291 | 299 | 340 | 549 | 866 | 930 | 874 |
| Expenses + | 243 | 543 | 369 | 417 | 658 | 772 | 1,880 | 1,254 |
| Financing Profit | 271 | 27 | 16 | 75 | 222 | 611 | -248 | 241 |
| Financing Margin % | 36% | 3% | 2% | 9% | 16% | 27% | -10% | 10% |
| Other Income + | 2 | 6 | 12 | 10 | 17 | 6 | 2 | 11 |
| Depreciation | 3 | 14 | 19 | 21 | 27 | 35 | 43 | 43 |
| Profit before tax | 271 | 20 | 9 | 65 | 213 | 582 | -289 | 209 |
| Tax % | 26% | 8% | 22% | 27% | 23% | 23% | -23% | 18% |
| Net Profit + | 201 | 18 | 7 | 47 | 164 | 450 | -223 | 170 |
| EPS in Rs | 17.63 | 1.59 | 0.62 | 4.15 | 14.03 | 26.37 | -13.05 | 9.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Muthoot Microfin Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 114 | 114 | 114 | 117 | 167 | 168 | 168 |
| Reserves | 772 | 793 | 776 | 1,203 | 1,486 | 2,637 | 2,465 | 2,687 |
| Borrowing | 2,451 | 2,997 | 3,094 | 4,107 | 6,646 | 8,589 | 8,101 | 9,707 |
| Other Liabilities + | 193 | 187 | 200 | 167 | 280 | 197 | 123 | 123 |
| Total Liabilities | 3,530 | 4,092 | 4,184 | 5,591 | 8,529 | 11,590 | 10,857 | 12,685 |
| Fixed Assets + | 21 | 109 | 110 | 121 | 172 | 215 | 223 | 199 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 63 | 47 | 354 | 406 |
| Other Assets + | 3,509 | 3,983 | 4,074 | 5,470 | 8,294 | 11,329 | 10,280 | 12,080 |
| Total Assets | 3,530 | 4,092 | 4,184 | 5,591 | 8,529 | 11,590 | 10,857 | 12,685 |
Financials of Muthoot Microfin Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -602 | 114 | -704 | -1,084 | -2,333 | -1,272 | 1,382 | -580 |
| Cash from Investing Activity + | -6 | -66 | -38 | -74 | -180 | -225 | -128 | -41 |
| Cash from Financing Activity + | 707 | 463 | 80 | 1,344 | 2,567 | 1,671 | -1,485 | 626 |
| Net Cash Flow | 99 | 511 | -662 | 187 | 54 | 174 | -230 | 4 |
| Free Cash Flow | -613 | 91 | -712 | -1,095 | -2,361 | -1,299 | 1,361 | -591 |
| CFO/OP | -105% | 49% | -222% | -248% | -298% | -78% | 219% | -55% |
Financials of Muthoot Microfin Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROE % | 23% | 2% | 1% | 4% | 11% | 20% | -8% | 6% |
Guidance history
How Muthoot Microfin Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Up 0–2% | — | Planned | Rising |
| Q2 FY26 call → | 10–20% | Up 0–2% | None planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −16.0% | 41% |
| Last 6 months | −25.6% | 11% |
| Last 3 months | −42.0% | 1% |
The price is 44.1% below its all-time high of ₹255.81 (28 Jul 2026). Stocks more than 20% below their peak have their score halved, so 21 became 11.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Muthoot Microfin Ltd: 0.4 × 41 + 0.4 × 11 + 0.2 × 1 = 21, halved to 11 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Muthoot Microfin Ltd's management said in earlier quarters
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