Muthoot Finance Limited

NSEI:MUTHOOTFIN Stock Report

Market Cap: ₹777.1b

Muthoot Finance Valuation

Is MUTHOOTFIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MUTHOOTFIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MUTHOOTFIN (₹1932.8) is trading above our estimate of fair value (₹1137.35)

Significantly Below Fair Value: MUTHOOTFIN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MUTHOOTFIN?

Key metric: As MUTHOOTFIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MUTHOOTFIN. This is calculated by dividing MUTHOOTFIN's market cap by their current earnings.
What is MUTHOOTFIN's PE Ratio?
PE Ratio16.6x
Earnings₹46.78b
Market Cap₹777.05b

Price to Earnings Ratio vs Peers

How does MUTHOOTFIN's PE Ratio compare to its peers?

The above table shows the PE ratio for MUTHOOTFIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
SBICARD SBI Cards and Payment Services
30.3x20.7%₹668.8b
511243 Cholamandalam Investment and Finance
27.4x21.9%₹1.1t
SUNDARMFIN Sundaram Finance
29.1x13.3%₹447.0b
511218 Shriram Finance
14.8x13.8%₹1.2t
MUTHOOTFIN Muthoot Finance
16.6x14.2%₹777.1b

Price-To-Earnings vs Peers: MUTHOOTFIN is good value based on its Price-To-Earnings Ratio (16.6x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does MUTHOOTFIN's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
0.7xn/aUS$27.95m
No more companies available in this PE range
MUTHOOTFIN 16.6xIndustry Avg. 22.8xNo. of Companies10PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MUTHOOTFIN is good value based on its Price-To-Earnings Ratio (16.6x) compared to the Indian Consumer Finance industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is MUTHOOTFIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MUTHOOTFIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.6x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: MUTHOOTFIN is good value based on its Price-To-Earnings Ratio (16.6x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MUTHOOTFIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,932.80
₹2,051.14
+6.1%
10.6%₹2,450.00₹1,550.00n/a21
Nov ’25₹1,931.45
₹2,039.95
+5.6%
11.6%₹2,450.00₹1,430.00n/a21
Oct ’25₹1,955.90
₹2,024.05
+3.5%
12.1%₹2,450.00₹1,415.00n/a20
Sep ’25₹1,965.85
₹1,963.75
-0.1%
13.1%₹2,450.00₹1,330.00n/a20
Aug ’25₹1,864.35
₹1,869.20
+0.3%
14.1%₹2,450.00₹1,285.00n/a20
Jul ’25₹1,788.60
₹1,818.68
+1.7%
14.5%₹2,450.00₹1,285.00n/a19
Jun ’25₹1,683.45
₹1,790.56
+6.4%
15.7%₹2,450.00₹1,175.00n/a18
May ’25₹1,720.65
₹1,555.72
-9.6%
13.7%₹1,816.00₹1,045.00n/a18
Apr ’25₹1,563.70
₹1,540.44
-1.5%
13.0%₹1,750.00₹1,045.00n/a18
Mar ’25₹1,321.35
₹1,515.72
+14.7%
14.0%₹1,750.00₹1,045.00n/a18
Feb ’25₹1,360.85
₹1,461.22
+7.4%
13.8%₹1,750.00₹1,054.00n/a18
Jan ’25₹1,466.00
₹1,437.33
-2.0%
13.4%₹1,750.00₹1,054.00n/a18
Dec ’24₹1,450.75
₹1,383.72
-4.6%
14.1%₹1,750.00₹1,050.00₹1,917.0518
Nov ’24₹1,300.60
₹1,361.71
+4.7%
11.8%₹1,582.00₹1,040.00₹1,931.4517
Oct ’24₹1,252.00
₹1,368.35
+9.3%
12.3%₹1,650.00₹1,040.00₹1,955.9017
Sep ’24₹1,261.25
₹1,355.84
+7.5%
12.1%₹1,650.00₹1,040.00₹1,965.8519
Aug ’24₹1,347.10
₹1,279.00
-5.1%
11.5%₹1,530.00₹1,027.00₹1,864.3519
Jul ’24₹1,239.65
₹1,216.44
-1.9%
10.0%₹1,500.00₹1,027.00₹1,788.6018
Jun ’24₹1,126.05
₹1,207.61
+7.2%
11.6%₹1,500.00₹868.00₹1,683.4518
May ’24₹1,020.70
₹1,171.22
+14.7%
12.6%₹1,500.00₹786.00₹1,720.6518
Apr ’24₹979.95
₹1,174.28
+19.8%
12.5%₹1,500.00₹786.00₹1,563.7018
Mar ’24₹960.40
₹1,174.28
+22.3%
12.5%₹1,500.00₹786.00₹1,321.3518
Feb ’24₹1,015.60
₹1,227.24
+20.8%
13.3%₹1,500.00₹897.00₹1,360.8517
Jan ’24₹1,063.05
₹1,217.11
+14.5%
13.4%₹1,500.00₹897.00₹1,466.0018
Dec ’23₹1,111.35
₹1,221.06
+9.9%
13.7%₹1,500.00₹897.00₹1,450.7517

Analyst Forecast: Target price is less than 20% higher than the current share price.

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