MUTHOOTMF

Muthoot Microfin share price & financials

Price
₹240.06
Market cap
₹3.6k Cr
Sector
Financial Services
Calls analysed
6
Latest concall · Q1 FY27 · call held 07 Aug 2026

Muthoot Microfin Limited Q1 FY27

Disbursement ₹2,644 cr +49%Overall Collection Efficiency 97.97% X-Bucket Collection Efficiency 99.9% Cost of Fund 10.13%

What went well

  • Q1 FY27 disbursement of ₹2,644 crores, a 49% improvement over Q1 last FY, marking the highest Q1 disbursement ever.
  • Overall collection efficiency reached 97.97%, with X-Bucket at 99.9%, indicating rapid asset quality improvement.
  • Cost of funds reduced by 14 bps to 10.13% in Q1 FY27, with incremental borrowing cost at 9.8%, and further reduction expected due to AA- CRISIL rating upgrade.

What to watch

  • Active clients saw a minor Q-o-Q reduction of 0.6% due to a strategic focus on quality and non-renewal of certain customers.
  • Net Interest Margin (NIM) was flat QoQ in Q1 FY27, attributed to carrying excess liquidity from Q4 FY26, though expansion is expected from Q2 FY27.
Read the full call →

What Muthoot Microfin Limited does

Muthoot Microfin Limited is a non-banking finance company categorized as a microfinance institution (NBFC-MFI), part of the Muthoot Pappachan Group conglomerate. It lends primarily to women from low-income rural households through the Joint Liability Group (JLG) model, where small groups of women co-guarantee each other's collateral-free loans, and has since expanded into non-JLG products including individual loans, gold loans, micro-LAP and small enterprise loans. It earns interest income on its on-lent microfinance loan portfolio, sourced and serviced through its own branch network of loan officers and relationship officers across rural India.

Segments

  • JLG & Others (Group Loans)
  • MSEL & MSME LAP (Non-JLG)
Branch network
1,670 branches
Districts covered
390 districts
States & Union Territories covered
20
Active clients
3.27 million
Employees
15,735
Field officers (ROs)
9,357
Employees 15,735 (2026-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 28 tracked 6 delivered 2 missed 20 open
  • Credit Cost delivered said Q4 FY25 Promised: 4% to 6% credit cost for FY26 Q1 FY27: Promise concluded and achieved in FY26. No new update.
  • Opex Ratio missed said Q1 FY26 Promised: within the guidance of around 6.2% Q1 FY27: Promise concluded and missed in FY26. No new update.
  • Net Interest Margin (NIM) revised down said Q4 FY26 Promised: Expand NIM to 13.5% to 14% in FY27 Q1 FY27: Q1 NIM was flat QoQ at 12%. Management revised full-year guidance down to 12.3-12.5% from the previous 13.5-14%.

All 28 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.7%, net profit up 1250.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue662 681 555 559 576 −13%603 −11%632 +14%669 +20%
EBITDA329 253 -290 226 258 −22%299 +18%— —
Net profit62 4 -401 6 31 −50%62 +1450%71 +118%81 +1250%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +17.5% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 7 May 2026Q1 FY27 — 7 Aug 2026

1Y: ₹167.21 on 10 Sept 2025 → ₹196.48. High ₹255.81 (28 Jul 2026), low ₹145.46 (16 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−3.6%
7 Aug
Q4 FY26
−2.8%
7 May
Q3 FY26
−6.4%
10 Feb
Q2 FY26
−4.1%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 2.3% a year over 2 years, FY24 to FY26.

Year endingFY24FY25FY26
Revenue₹2.3k Cr₹2.6k Cr₹2.4k Cr
Operating profit₹1.5k Cr₹682 Cr—
Operating margin65.7%26.6%—
Interest₹878 Cr₹930 Cr₹875 Cr
Depreciation₹36 Cr₹43 Cr₹43 Cr
Net profit₹451 Cr₹-222 Cr₹170 Cr
Net margin19.9%-8.7%7.2%
Cash from operations₹-1.3k Cr₹1.4k Cr₹-580 Cr
Free cash flow₹-1.3k Cr₹1.4k Cr₹-591 Cr
ROE20.0%-8.0%6.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹114 Cr₹114 Cr₹117 Cr₹167 Cr₹168 Cr₹168 Cr
Reserves₹776 Cr₹1.2k Cr₹1.5k Cr₹2.6k Cr₹2.5k Cr₹2.7k Cr
Borrowings₹3.1k Cr₹4.1k Cr₹6.6k Cr₹8.6k Cr₹8.7k Cr₹9.7k Cr
Other liabilities₹200 Cr₹167 Cr₹280 Cr₹197 Cr₹138 Cr₹123 Cr
Total liabilities₹4.2k Cr₹5.6k Cr₹8.5k Cr₹11.6k Cr₹11.5k Cr₹12.7k Cr
Fixed assets₹110 Cr₹121 Cr₹172 Cr₹215 Cr₹209 Cr₹199 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹63 Cr₹47 Cr₹441 Cr₹406 Cr
Other assets₹4.1k Cr₹5.5k Cr₹8.3k Cr₹11.3k Cr₹10.8k Cr₹12.1k Cr
Total assets₹4.2k Cr₹5.6k Cr₹8.5k Cr₹11.6k Cr₹11.5k Cr₹12.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.89 pp while the public trimmed −0.50 pp. The shareholder count shrank 14% to 1,36,798.

Promoters
55.5%
FIIs
23.1%
DIIs
3.4%
Public
16.4%
Others
1.6%

Since Jun 2025

  • DIIs +0.89 pp
  • Public −0.50 pp
  • FIIs −0.29 pp

How it drifted, 11 quarters

Over this window FIIs fell from 27.6% to 23.1% — −4.5 pp.

Dec '23Mar '25Jun '26

Ownership split by quarter, oldest first. Dec '23: Promoters 55.5%, FIIs 27.6%, DIIs 2.8%, Public 12.1%, Others 2.0%.Mar '24: Promoters 55.5%, FIIs 26.3%, DIIs 2.4%, Public 14.0%, Others 1.9%.Jun '24: Promoters 55.5%, FIIs 26.6%, DIIs 2.3%, Public 14.0%, Others 1.7%.Sep '24: Promoters 55.5%, FIIs 25.9%, DIIs 2.6%, Public 14.4%, Others 1.7%.Dec '24: Promoters 55.5%, FIIs 25.8%, DIIs 2.4%, Public 14.6%, Others 1.7%.Mar '25: Promoters 55.5%, FIIs 25.5%, DIIs 2.3%, Public 15.1%, Others 1.7%.Jun '25: Promoters 55.5%, FIIs 23.4%, DIIs 2.5%, Public 16.9%, Others 1.7%.Sep '25: Promoters 55.5%, FIIs 23.3%, DIIs 2.8%, Public 16.7%, Others 1.7%.Dec '25: Promoters 55.5%, FIIs 23.2%, DIIs 3.0%, Public 16.6%, Others 1.7%.Mar '26: Promoters 55.5%, FIIs 22.8%, DIIs 3.5%, Public 16.6%, Others 1.6%.Jun '26: Promoters 55.5%, FIIs 23.1%, DIIs 3.4%, Public 16.4%, Others 1.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Muthoot Microfin Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Muthoot Fincorp Ltd 50.21%unchanged
Greater Pacific Capital Wiv Ltd FPI fund15.13%unchanged
Creation Investments India, Llc FPI fund7.63%unchanged
Thomas Muthoot 1.76%unchanged
Thomas George Muthoot 1.75%unchanged
Thomas John Muthoot 1.75%unchanged
Tina Suzanne George 0.00%newly disclosed
Muthoot Risk Insurance and Broking Services Private Limited 0.00%newly disclosed
Shweta Ann George 0.00%newly disclosed
Hannah Muthoot 0.00%newly disclosed
Suzannah Muthoot 0.00%newly disclosed
Susan John 0.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Muthoot Microfin Limited

Guides on how to read this kind of business and the numbers that matter.