New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 9.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 9.4% per year over the past 5 years. Reported Earnings • May 09
Full year 2026 earnings released: EPS: ₹10.16 (vs ₹13.29 loss in FY 2025) Full year 2026 results: EPS: ₹10.16 (up from ₹13.29 loss in FY 2025). Revenue: ₹23.8b (up 303% from FY 2025). Net income: ₹1.70b (up ₹3.93b from FY 2025). Profit margin: 7.2% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Revenue is expected to decline by 3.9% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in India are expected to grow by 15%. Announcement • Apr 14
Muthoot Microfin Limited to Report Q4, 2026 Results on May 06, 2026 Muthoot Microfin Limited announced that they will report Q4, 2026 results on May 06, 2026 Announcement • Feb 19
Muthoot Microfin Reportedly Looks to Buy Company Offering Loan Against Property Muthoot Microfin Limited (NSEI:MUTHOOTMF) is in discussions with two non-banking financial companies (NBFCs) operating in the micro loan against property (LAP) segment to acquire a majority stake, as it looks to pursue inorganic growth and expand its secured lending portfolio, said people familiar with the development. The company recently ventured into the micro LAP business as part of a product diversification strategy which would help it reduce the concentration of unsecured microfinance business. The inorganic route would provide the company a stronger platform for micro LAP business."Muthoot Microfin is exploring a majority stake buyout which would help it acquire the know-how of this business. For lending against property, the company needs experts to do the valuation and assessment of the property title before lending," a person close to the company said on condition of anonymity. Muthoot Microfin CEO Sadaf Sayeed declined to comment. Non-banking financial company-microfinance institutions (NBFC-MFIs) are pursuing a portfolio diversification strategy following the recent policy change by the Reserve Bank of India allowing them to increase their exposure to non-microfinance loans to 40% of their portfolio. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹3.73 (vs ₹0.22 in 3Q 2025) Third quarter 2026 results: EPS: ₹3.73 (up from ₹0.22 in 3Q 2025). Revenue: ₹3.84b (up 37% from 3Q 2025). Net income: ₹624.4m (up ₹586.4m from 3Q 2025). Profit margin: 16% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in India. Announcement • Jan 27
Muthoot Microfin Limited to Report Q3, 2026 Results on Feb 09, 2026 Muthoot Microfin Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 09, 2026 Price Target Changed • Nov 25
Price target increased by 10% to ₹215 Up from ₹195, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ₹192. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of ₹12.80 next year compared to a net loss per share of ₹13.28 last year. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: ₹1.82 (vs ₹3.61 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.82 (down from ₹3.61 in 2Q 2025). Revenue: ₹3.66b (up 35% from 2Q 2025). Net income: ₹305.2m (down 51% from 2Q 2025). Profit margin: 8.3% (down from 23% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in India. Announcement • Oct 08
Muthoot Microfin Limited to Report Q2, 2026 Results on Nov 05, 2025 Muthoot Microfin Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 12
First quarter 2026 earnings released: EPS: ₹0.37 (vs ₹6.64 in 1Q 2025) First quarter 2026 results: EPS: ₹0.37 (down from ₹6.64 in 1Q 2025). Revenue: ₹3.49b (up 7.6% from 1Q 2025). Net income: ₹61.8m (down 95% from 1Q 2025). Profit margin: 1.8% (down from 35% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in India. Announcement • Jul 29
Muthoot Microfin Limited to Report Q1, 2026 Results on Aug 11, 2025 Muthoot Microfin Limited announced that they will report Q1, 2026 results on Aug 11, 2025 New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • May 10
Full year 2025 earnings released: ₹13.29 loss per share (vs ₹30.20 profit in FY 2024) Full year 2025 results: ₹13.29 loss per share (down from ₹30.20 profit in FY 2024). Revenue: ₹5.92b (down 51% from FY 2024). Net loss: ₹2.23b (down 150% from profit in FY 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Diversified Financial industry in India. Announcement • May 09
Muthoot Microfin Limited, Annual General Meeting, Jul 24, 2025 Muthoot Microfin Limited, Annual General Meeting, Jul 24, 2025. Announcement • Apr 22
Muthoot Microfin Limited to Report Q4, 2025 Results on May 08, 2025 Muthoot Microfin Limited announced that they will report Q4, 2025 results on May 08, 2025 Buy Or Sell Opportunity • Apr 21
Now 33% overvalued Over the last 90 days, the stock has fallen 5.4% to ₹161. The fair value is estimated to be ₹121, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 54%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 143% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹144, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Diversified Financial industry in India. Total loss to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹124 per share. Announcement • Feb 21
Muthoot Microfin Limited Approves Board Appointments Muthoot Microfin Limited approved the following resolutions: To consider and approve the appointment of Mr. Thomas Muthoot John (DIN: 07557585) as a Director of the Company To consider and approve the appointment of Mr. Thomas Muthoot John (DIN: 07557585) as a Whole Time Director of the Company and the remuneration payable to him To consider and approve the appointment of Mr. Anil Sreedhar (DIN: 07536707) as the Independent Director of the Company Mr. Thomas Muthoot John (DIN: 07557585): Date of Appointment/Cessation (as applicable) & term of Appointment: With effect from December 19, 2024, for a period of 5 years. Mr. Thomas Muthoot John is an ex- Non- Executive Director of the Company. He was previously associated with the company from December 2016 to March 2023. He holds an Economics degree from Loyola College, Chennai, Master's degree in Entrepreneurship and Management from HEC Paris and Certifications from Harvard Business School and ISB. He has an experience of over 11 years in the field of financial services. Mr. Anil Sreedhar (DIN 07536707): Date of Appointment/Cessation (as applicable) & term of Appointment: With effect from December 30, 2024 For a term of Two consecutive years from December 30, 2024. Mr. Anil Sreedhar (DIN 07536707) holds the post graduate certificate in Business Administration (MBA) in Information System & Finance from XLRI, Jamshedpur. Over two decades of experience and expertise in the field, i. e, 14 Years of Banking and Banking Technology experience in various Banks in the Middle East and 10 Years of pure Technology experience in various Central and State Govt IT Projects. New Risk • Feb 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (19% net profit margin). Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: ₹0.22 (vs ₹8.61 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.22 (down from ₹8.61 in 3Q 2024). Revenue: ₹4.44b (up 51% from 3Q 2024). Net income: ₹38.0m (down 97% from 3Q 2024). Profit margin: 0.9% (down from 42% in 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in India. Announcement • Jan 21
Muthoot Microfin Limited to Report Q3, 2025 Results on Feb 06, 2025 Muthoot Microfin Limited announced that they will report Q3, 2025 results on Feb 06, 2025 Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Non-Independent Non-Executive Director John Day was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 19
Muthoot Microfin Limited Approves Board Changes Muthoot Microfin Limited at its board meeting held on December 19, 2024, approved resignation of Mr. Thomas John Muthoot, Non-Executive Director of the Company, effective from December 19, 2024. As part of the ongoing restructuring of the various boards within the parent company and its subsidiaries, he is unable to continue serving as a Non-Executive Director of the company due to time constraints. Approved redesignation of Mr. Thomas Muthoot from the position of Managing Director and to continue in the Board as Non-Executive Non-Independent Director of the Company. Thomas Muthoot is one of the Promoters Director of the Company. He holds a bachelor of law degree from University of Kerala. He is on the board of directors of several companies including Muthoot Capital Services Limited, Muthoot Fincorp Limited, Muthoot Housing Finance Company Limited and Muthoot Hotels Private Limited. He has over 38 years of experience in the field of financial services. Announcement • Dec 03
Muthoot Microfin Limited Announces Resignation of Anand Raghavan as an Independent Director Muthoot Microfin Limited informed that Mr. Anand Raghavan (DIN 00243485) has tendered his resignation as an Independent Director of the Company, with immediate effect. Announcement • Oct 23
Muthoot Microfin Limited to Report Q2, 2025 Results on Nov 05, 2024 Muthoot Microfin Limited announced that they will report Q2, 2025 results on Nov 05, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹6.64 (vs ₹8.78 in 1Q 2024) First quarter 2025 results: EPS: ₹6.64. Revenue: ₹4.04b (up 43% from 1Q 2024). Net income: ₹1.13b (up 10% from 1Q 2024). Profit margin: 28% (down from 36% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in India. Announcement • Jul 30
Muthoot Microfin Limited to Report Q1, 2025 Results on Aug 09, 2024 Muthoot Microfin Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jun 29
Full year 2024 earnings released: EPS: ₹30.20 (vs ₹14.19 in FY 2023) Full year 2024 results: EPS: ₹30.20 (up from ₹14.19 in FY 2023). Revenue: ₹12.1b (up 84% from FY 2023). Net income: ₹4.50b (up 174% from FY 2023). Profit margin: 37% (up from 25% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Diversified Financial industry in India. Announcement • Jun 25
Muthoot Microfin Receives Corporate Agent Licence from Insurance Regulatory and Development Authority of India Muthoot Microfin has secured a corporate agent license from the Insurance Regulatory and Development Authority of India (IRDAI) that would enable it to offer tailored insurance plans to its customer base. This license strengthens Muthoot Microfin's commitment to financial inclusion by providing insurance coverage that addresses the risks faced by the most vulnerable segments of society. By offering cover for natural calamities and medical emergencies in addition to life insurance, Muthoot Microfin ensures a holistic approach to its customers' financial security. This initiative stems from Muthoot Microfin's customer-first approach, which allows the company to offer both financial and insurance solutions under one roof to its 3.35 million customers. The corporate agent license will help Muthoot Microfin negotiate better with insurance partners and customize products to suit the needs of its BOP (Bottom of the Pyramid) customers in rural and semi-urban areas across India. With this new license, Muthoot Microfin can offer the right insurance products to its customers while augmenting its sources of revenue and earnings. This development will provide Muthoot Microfin's customers with access to affordable insurance coverage, encompassing health, life, and general insurance. It reinforces the NBFC-MFI's dedication to financial inclusion by delivering a broad range of financial products that protect its customers' well-being and enable them to reach their long-term objectives. Announcement • May 08
Muthoot Microfin Limited, Annual General Meeting, Jun 21, 2024 Muthoot Microfin Limited, Annual General Meeting, Jun 21, 2024. Announcement • Apr 24
Muthoot Microfin Limited to Report Q4, 2024 Results on May 06, 2024 Muthoot Microfin Limited announced that they will report Q4, 2024 results on May 06, 2024 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹230, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 25x in the Diversified Financial industry in India. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹8.61 (vs ₹4.93 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.61 (up from ₹4.93 in 3Q 2023). Revenue: ₹2.94b (up 56% from 3Q 2023). Net income: ₹1.25b (up 119% from 3Q 2023). Profit margin: 42% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • Jan 16
Muthoot Microfin Limited to Report Q3, 2024 Results on Jan 29, 2024 Muthoot Microfin Limited announced that they will report Q3, 2024 results on Jan 29, 2024