# Muthoot Finance (MUTHOOTFIN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/muthootfin

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,869
- Change: +1.06%
- As of: 2026-11-06
- 1D return: +1.06%
- 5D return: +19.11%
- 1M return: +12.09%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MUTHOOTFIN (₹2,869.00) shows a strong daily uptrend with an ADX of 38.86 and price above the 20-period EMA, SMA, and Supertrend. Recent anomalies include extreme upward gaps and high-volume moves on November 2–5. However, the monthly trend remains bearish (Supertrend down, price below MAs), and the stock is down 25.3% YTD and 29.9% from its available high. The stock is trading near the upper end of its 20-day range (+99.4%) but in the lower-middle of its 252-day range (+30.6%). Resistance is immediate at ₹2,874.20 (0.18% above), with support at ₹2,864.13 (0.17% below). A break above ₹2,874.20 could confirm short-term momentum, while a close below ₹2,864.13 may signal a pullback toward the pivot at ₹2,831.67.

- Daily trend is bullish (ADX 38.86, price above key MAs/Supertrend) despite monthly bearish structure.
- Recent extreme upward anomalies (Nov 2–5) indicate strong short-term momentum and participation.
- Stock is near 20-day range highs (+99.4%) but still 29.9% below available high; YTD return is -25.3%.
- Immediate resistance at ₹2,874.20; support at ₹2,864.13; a break above/below these levels will clarify short-term direction.

- Doji
- Bullish Engulfing Reversal
- Outside Bar
- Inside Bar

### News Context

Muthoot Finance reported positive quarterly results during the week ending November 5, 2026, contributing to a broader market rally where the Sensex surged 1,233 points and the Nifty reclaimed the 23,400 mark. The stock also rose by up to 4% on November 5, coinciding with gold prices hitting a two-week high, which supports valuation dynamics for gold loan sector equities. On November 3, ICICI Securities issued a 'Buy' recommendation with a price target of ₹3,070, citing an upward outlook based on internal analysis. These developments occurred within a favorable macro backdrop, including Foreign Institutional Investors pumping ₹3,115 crore into Indian equities on November 2 and easing crude oil prices boosting investor sentiment.

- Corporate Performance: Muthoot Finance delivered positive quarterly results in early November, cited as a key driver alongside Reliance Industries for the Sensex's 1,233-point surge on November 2.
- Market Reaction: Shares rose up to 4% on November 5, tracking a two-week high in gold prices that benefited gold loan sector valuations.
- Analyst View: ICICI Securities assigned a 'Buy' rating with a ₹3,070 price target on November 3, reflecting an internal bullish outlook.
- Liquidity Context: Foreign Institutional Investors extended buying streaks, injecting ₹3,115 crore into equities on November 2, supporting benchmark index gains.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- [Buy Muthoot Finance; target of Rs 3070: ICICI Securities](https://www.moneycontrol.com/news/business/buy-muthoot-finance-target-of-rs-3070-icici-securities-14067636.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)

### What Changed

On November 6, 2026, Muthoot Finance (NSE: MUTHOOTFIN) disclosed transcripts from an Analyst/Investor Meet, providing fresh insight into management's current outlook and strategic priorities. This filing represents a shift in communication activity compared to prior periods where such detailed investor dialogue records were not immediately available in the snapshot.

Market pricing also reflected movement on this date. The stock closed at ₹2,869.00, up from the previous recorded level of ₹2,839.00, indicating a modest positive price adjustment during the session. While specific daily trend indicators were not flagged as active or reversed in the technical data, the absolute price increase suggests sustained buyer interest or a re-rating of near-term expectations following the investor meet.

The core business profile remains unchanged, with the company continuing its operations on the NSE. The primary material change is the availability of new qualitative data through the earnings/investor call transcripts, which allows investors to assess management sentiment and guidance more directly than before.

- New Filing: Transcripts from an Analyst/Investor Meet were filed with the NSE on November 6, 2026, offering updated management commentary.
- Price Movement: The stock price rose to ₹2,869.00 from the previous level of ₹2,839.00 on the observation date.
- Continuity: The company’s listing status on the NSE and fundamental profile remain stable with no structural changes reported.

- [Muthoot Finance Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261106_154039760.xml)

### Official Filings

Muthoot Finance Limited reported its limited-reviewed financial results for the quarter and half year ended September 30, 2026, on October 31, 2026. The Board confirmed that the standalone and consolidated results were prepared in accordance with applicable requirements, with no material misstatements identified. As of September 30, 2026, the company maintained full security cover for its secured listed non-convertible debentures (NCDs), with a principal value of ₹553,816.78 million.

Separately, the company disclosed that the GST Department conducted a search and seizure operation at its Registered Office in Kochi from October 29 to October 30, 2026, under Section 67 of the CGST Act, 2017. Muthoot Finance stated that business operations remained unaffected during this period, it fully cooperated with officials, and no penalties or sanctions were imposed. The amalgamation scheme involving wholly owned subsidiary Muthoot Money Limited remains pending regulatory and shareholder approvals.

Investors should note upcoming record dates for debt instruments: November 22, 2026, for interest/redemption due December 7, 2026 (ISIN INE414G07IQ8), and December 5, 2026, for annual interest on ISIN INE414G07IS4.

- Q2 FY2027 Results: Board approved limited-reviewed standalone and consolidated financial results for the period ended September 30, 2026, with auditors finding no material misstatements.
- Security Cover: Maintained full security cover for secured listed NCDs with a principal value of ₹553,816.78 million as of September 30, 2026.
- GST Search & Seizure: GST Department conducted operations at the Kochi registered office from October 29–30, 2026; company reports no operational impact, full cooperation, and no penalties imposed.
- Amalgamation Status: The proposed amalgamation with wholly owned subsidiary Muthoot Money Limited is still subject to necessary approvals from NCLT, RBI, shareholders, and creditors.

- [Muthoot Finance Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261106_154039760.xml)
- [Muthoot Finance Limited has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_4732_WebXMLFile_20261103_110448205.xml)
- [Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026155452_MFIN_NewspaperAdSep26-sd.pdf)
- [Muthoot Finance Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026155142_MFIN_NewspaperAdSep26-sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172315_SEC_MFL_NSE_2026_6789.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172815_SEC_MFL_NSE_2026_6791.pdf)
- [Muthoot Finance Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026202440_Reg_30_GST_SearchSD.pdf)
- [Muthoot Finance Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261101_124000239.xml)
- [Muthoot Finance Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026151723_MFIN_BM_Outcome_Cover_Final-sd.pdf)
- [Outcome of Board Meeting |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026152018_MFIN_BM_Outcome_Cover_Final-sd.pdf)

### Fundamentals

Muthoot Finance is executing a high-velocity expansion, with assets growing from ₹1,60,749 crore to ₹2,30,051 crore and loans increasing from ₹1,45,498 crore to ₹2,10,480 crore by September 2026. This growth is funded by rising borrowings, which climbed to ₹1,22,322 crore, supported by strong financing margins of 46% (TTM) and net profit reaching ₹12,324 crore (TTM). While profitability metrics are robust, including a 31% ROE for FY2026 and TTM EPS of ₹303.86, the company’s cash flow profile remains negative; free cash flow stood at -₹47,543 crore for FY2026, reflecting the capital intensity of its lending model. Shareholding patterns show stable promoter holding at 73.35%, while institutional interest fluctuates slightly. The primary dynamic is the trade-off between aggressive balance-sheet scaling and the resulting reliance on external funding.

- Loan book expanded to ₹2,10,480 crore (Sep 2026), up from ₹1,45,498 crore (Sep 2025), driving revenue growth of 37% YoY in Q2 FY2026-27.
- Financing margin improved to 46% (TTM), supporting net profit of ₹12,324 crore (TTM) and an ROE of 31% for FY2026.
- Borrowings rose significantly to ₹1,22,322 crore (Sep 2026), correlating with negative free cash flow of -₹47,543 crore for FY2026.
- Promoter holding remained steady at 73.35% through Sep 2026, indicating consistent insider confidence amid rapid asset growth.

### Bear Case

Muthoot Finance faces significant downside pressure from prolonged underperformance and elevated volatility. The stock has declined 25.3% year-to-date and is down 18.8% over the last six months, with a current drawdown of 29.9% against a maximum historical drawdown of 42.0%. Technical indicators reflect this weakness: while the daily trend is bullish, the weekly and monthly trends are bearish, with the monthly Supertrend signaling continued downward momentum. Annualized volatility stands at 35.9%, indicating substantial price instability. Although recent positive quarterly results contributed to a broad market rally, the stock remains near key support levels, with immediate support at ₹2,864.13 and pivot support at ₹2,831.67. A break below these levels could expose further downside toward ₹2,806.53.

- Year-to-date return is -25.3%, with a six-month decline of -18.8% and a current drawdown of -29.9%.
- Weekly and monthly technical trends are bearish, contrasting with a daily bullish signal, suggesting mixed medium-term momentum.
- High annualized volatility of 35.9% and an ATR of 3.31% indicate significant short-term price risk.
- Immediate support sits at ₹2,864.13; a breach could test pivot support at ₹2,831.67 and low support at ₹2,806.53.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- [Buy Muthoot Finance; target of Rs 3070: ICICI Securities](https://www.moneycontrol.com/news/business/buy-muthoot-finance-target-of-rs-3070-icici-securities-14067636.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Muthoot Finance Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261106_154039760.xml)
- [Muthoot Finance Limited has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_4732_WebXMLFile_20261103_110448205.xml)
- [Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026155452_MFIN_NewspaperAdSep26-sd.pdf)
- [Muthoot Finance Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026155142_MFIN_NewspaperAdSep26-sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172315_SEC_MFL_NSE_2026_6789.pdf)

### FAQs

**What recent regulatory action has Muthoot Finance disclosed, and how does it impact operations?**

On November 2, 2026, the GST Department conducted a search and seizure at Muthoot Finance’s Registered Office in Kochi under Section 67 of the CGST Act, 2017. The company confirmed that business operations remained unaffected during the process, no penalties or sanctions were imposed, and full cooperation was extended to officials.

**How has Muthoot Finance performed technically over different timeframes as of November 6, 2026?**

As of November 6, 2026, the daily trend is bullish with the stock closing at ₹2,869.00, up +1.1% for the day. However, the weekly and monthly trends are bearish. Over the past year, the stock has declined -9.9%, while YTD returns stand at -25.3%. The current drawdown is -29.9% against a maximum historical drawdown of -42.0%.

**What key price levels should investors monitor for support and resistance?**

Immediate resistance is seen at ₹2,874.20 (0.18% above) and ₹2,889.27 (0.71% above). Key support levels are located at ₹2,864.13 (0.17% below), ₹2,831.67 (pivot, 1.30% below), and ₹2,806.53 (low, 2.18% below). A break below ₹2,806.53 could expose further downside toward ₹2,774.07.

**Are there any upcoming corporate actions or events for Muthoot Finance?**

November 22, 2026, is the record date for interest payment and redemption due on December 7, 2026, for debt instrument ISIN INE414G07IQ8. Trading in this specific instrument will be suspended to facilitate these payments. Additionally, transcripts from an analyst/investor meet were filed on November 6, 2026.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- [Buy Muthoot Finance; target of Rs 3070: ICICI Securities](https://www.moneycontrol.com/news/business/buy-muthoot-finance-target-of-rs-3070-icici-securities-14067636.html)
- [Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- [FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- [Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- [Muthoot Finance Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261106_154039760.xml)
- [Muthoot Finance Limited has informed the Exchange about Action(s) initiated or orders passed (sub-para 19) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_4732_WebXMLFile_20261103_110448205.xml)
- [Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026155452_MFIN_NewspaperAdSep26-sd.pdf)
- [Muthoot Finance Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026155142_MFIN_NewspaperAdSep26-sd.pdf)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172315_SEC_MFL_NSE_2026_6789.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹2,831.67
- Risk regime: Price Risk Requires Attention

### Support levels
- 2874.2
- 2722.3
- 2572.5125

### Resistance levels
- 2975.95
- 3132.65
- 3169

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.06% |
| return_10 | +20.90% |
| return_1m | +6.81% |
| return_1y | -9.89% |
| return_20 | +12.09% |
| return_3m | -0.87% |
| return_5 | +19.11% |
| return_6m | -18.81% |
| return_since_start | +29.52% |
| return_ytd | -25.27% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -42.00% |
| annualized_volatility | +35.92% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Muthoot Finance Limited Q2 FY2026-27: Profit rises 16% QoQ

Muthoot Finance reported profit of ₹3,278 crore for the quarter ended 30 September 2026, up 16% sequentially and 36% year on year. Interest earned increased 15% QoQ, while the loan balance was 45% higher than a year earlier. Impairment charges rose sharply from both the preceding quarter and the year-ago quarter, making credit costs an important counterpoint to the growth.

## Income and loan growth

Interest earned was ₹9,856 crore, compared with ₹8,557 crore in Q1 FY2026-27 and ₹7,091 crore in Q2 FY2025-26. Revenue from operations increased to ₹9,998 crore from ₹8,672 crore in Q1 FY2026-27. Other income declined to ₹13 crore from ₹23 crore sequentially.

Loans stood at ₹2,10,480 crore at 30 September 2026, compared with ₹1,78,857 crore at 31 March 2026 and ₹1,45,498 crore at 30 September 2025. The growing loan balance accompanied higher quarterly income, while the increase in impairment charges warrants attention alongside that expansion.

## Costs, impairments and earnings

Expenses rose 15% QoQ to ₹5,612 crore. Finance costs increased 7% to ₹3,717 crore. Borrowings were ₹1,22,322 crore at 30 September 2026, up from ₹89,495 crore at 30 September 2025.

Impairment on financial instruments climbed to ₹593 crore from ₹121 crore in Q1 FY2026-27 and ₹295 crore in Q2 FY2025-26. Profit before tax rose 16% QoQ to ₹4,399 crore. Tax expense was ₹1,121 crore, compared with ₹972 crore in the previous quarter.

Profit for the period was ₹3,278 crore, of which ₹3,247 crore was attributable to owners of the parent and ₹31 crore to non-controlling interests. Basic EPS was ₹80.87, up from ₹69.72 in Q1 FY2026-27 and ₹60.29 in Q2 FY2025-26.

## Cash flows and funding

Operating cash flow was negative ₹24,542 crore and free cash flow was negative ₹25,017 crore for the quarter. Financing cash flow was positive ₹26,969 crore. Cash and cash equivalents stood at ₹14,565 crore at 30 September 2026, compared with ₹7,967 crore at 30 September 2025.

At quarter-end, debt securities were ₹56,163 crore, deposits ₹1,030 crore and subordinated liabilities ₹647 crore. Borrowings, also reported as total debt, were ₹1,22,322 crore, around 37% above the year-earlier balance.

## Equity and comprehensive income

Equity attributable to owners of the parent was ₹43,926 crore at 30 September 2026, compared with ₹32,819 crore at 30 September 2025. Comprehensive income for the quarter was ₹3,347 crore, including other comprehensive income of ₹69 crore; in Q1 FY2026-27, other comprehensive income was negative ₹126 crore. Trailing-twelve-month EPS was ₹303.86.

## Key Takeaway

The quarter delivered 16% QoQ profit growth alongside higher interest income and a larger loan balance. The steep rise in impairment charges, increased borrowings and negative operating cash flow are material considerations when assessing the quality and funding demands of that growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +73.35%
- FII holding: +11.61%
- DII holding: +10.75%
- Mutual fund holding: +9.51%
- Retail holding: +2.60%
- Promoter pledged: +0.00%

### Major reported shareholders

- George Jacob Muthoot — +10.87%
- George Thomas — +10.87%
- Susan Thomas — +7.47%
- Sara George — +7.23%
- George Alexander Muthoot — +5.89%
- Alexander George — +5.55%
- George M George — +5.55%
- SBI Mutual Fund — +5.35%
- Eapen Alexander — +4.37%
- George M Alexander — +4.37%

## Official filings

- 2026-11-06 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261106_154039760.xml)
- 2026-11-03 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_4732_WebXMLFile_20261103_110448205.xml)
- 2026-11-02 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026155452_MFIN_NewspaperAdSep26-sd.pdf)
- 2026-11-02 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026155142_MFIN_NewspaperAdSep26-sd.pdf)
- 2026-11-02 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172315_SEC_MFL_NSE_2026_6789.pdf)
- 2026-11-02 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_02112026172815_SEC_MFL_NSE_2026_6791.pdf)
- 2026-11-02 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_02112026202440_Reg_30_GST_SearchSD.pdf)
- 2026-11-01 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261101_124000239.xml)
- 2026-10-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026151723_MFIN_BM_Outcome_Cover_Final-sd.pdf)
- 2026-10-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026152018_MFIN_BM_Outcome_Cover_Final-sd.pdf)
- 2026-10-31 — Press Release: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026152912_MFIN_Press_Release_Final_SD.pdf)
- 2026-10-31 — Press Release: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026153100_MFIN_Press_Release_Final_SD.pdf)
- 2026-10-31 — Earnings Presentation: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31102026154417_MFIN_Investor_Presentation_final_sd.pdf)
- 2026-10-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026161318_Seccoverfinal-sd.pdf)
- 2026-10-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026163420_5277aSD.pdf)
- 2026-10-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31102026163549_5277aSD.pdf)
- 2026-10-31 — Financial Results Filing: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1750814_31102026080404_WEB.xml)
- 2026-10-31 — Financial Results Filing: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1750817_31102026081106_WEB.xml)
- 2026-10-28 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_4732_WebXMLFile_20261028_172908800.xml)
- 2026-10-27 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_4732_WebXMLFile_20261027_103343319.xml)
- 2026-10-27 — Board Meeting Notice: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_4732_WebXMLFile_20261027_103343319.xml)
- 2026-10-27 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_27102026110849_BMintimation.pdf)
- 2026-10-27 — Board Meeting Notice: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_27102026110502_BMintimation.pdf)
- 2026-10-20 — Shareholding Disclosure: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1742333_20102026052323_WEB.xml)
- 2026-10-19 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_19102026174147_Record_date_Nov_2026.pdf)

## News and market events

- 2026-11-05 — MONEYCONTROL: **Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high** — Shares of Muthoot Finance and Manappuram rose by up to 4% as gold prices reached a two-week high. This movement in the gold loan sector stocks coincided with the recent surge in gold valuations. — [Source](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- 2026-11-03 — MONEYCONTROL: **Buy Muthoot Finance; target of Rs 3070: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Muthoot Finance with a price target of Rs 3070. This analyst note suggests an upward outlook for the stock based on the broker's internal analysis. — [Source](https://www.moneycontrol.com/news/business/buy-muthoot-finance-target-of-rs-3070-icici-securities-14067636.html)
- 2026-11-02 — CNBC-TV18: **Nifty Outlook for November 3: Can Reliance Industries help Nifty move back to 24,000 in the near-term** — Indian equity markets extended their recovery with the Nifty reclaiming 23,400, driven by easing crude oil prices, positive global cues, and strong corporate earnings that boosted investor sentiment. Analysts from HDFC Securities, LKP Securities, and Religare Broking view the underlying trend as sharply positive, identifying key resistance levels between 23,500 and 23,700 that could pave the way for a rally toward 24,000 if sustained. Market participants are expected to monitor developments in West Asia, crude price movements, and the outcome of the November 3 US midterm elections for further — [Source](https://www.cnbctv18.com/market/nifty-outlook-for-november-3-can-reliance-industries-help-nifty-move-back-to-24000-in-the-near-term-20025310.htm)
- 2026-11-02 — CNBC-TV18: **FIIs extend buying streak to second session, pump ₹3,115 crore into Indian equities** — Foreign institutional investors extended their buying streak to a second consecutive session, pumping ₹3,115 crore into Indian equities and bringing two-day net inflows to ₹6,713 crore. This activity coincided with strong gains in benchmark indices, driven by positive quarterly results from Reliance Industries and other major stocks, as well as lower crude oil prices supporting specific sectors. — [Source](https://www.cnbctv18.com/market/fiis-extend-buying-streak-to-second-session-pump-rs-3115-crore-diis-remain-sellers-20025192.htm)
- 2026-11-02 — CNBC-TV18: **Sensex surges 1,233 points, Nifty reclaims 23,400: 5 reasons why stock market rallied today** — Indian equity benchmarks opened with sharp gains, as the Sensex surged 1,233 points to 75,693 and the Nifty reclaimed the 23,400 mark. The rally was primarily driven by Reliance Industries' strong Q2 results, which added over ₹1.8 lakh crore to its market capitalisation, alongside a nearly 4% decline in crude oil prices that boosted paint and oil marketing stocks. Other major contributors included positive quarterly performances from Dixon Technologies, Delhivery, and Muthoot Finance, while auto stocks showed mixed performance based on monthly sales data. — [Source](https://www.cnbctv18.com/market/sensex-surges-1233-points-nifty-reclaims-23400-5-reasons-why-stock-market-rallied-today-20024952.htm)
- 2026-11-02 — Mint: **Muthoot’s solid gold loan AUM loses sheen amid asset quality stress, stiff competition** — Muthoot Finance's gold loan assets under management faced asset quality stress and rising loan delinquencies in the September quarter, leading to a decline in its share price to a 52-week low of ₹2,305. — [Source](https://www.livemint.com/market/mark-to-market/muthoot-finance-share-price-gold-loan-asset-quality-concerns-11793602247502.html)
- 2026-11-02 — FREEPRESSJOURNAL.IN: **Muthoot Finance Q2 FY27 Consolidated Profit Rises 36% To ₹3,278 Crore; Standalone Income Jumps 37%** — Muthoot Finance Limited reported a 36% YoY increase in consolidated PAT to ₹3,278 crore for Q2 FY27, alongside a 42% rise in consolidated AUM. The company's board also approved the merger of its wholly owned subsidiary, Muthoot Money, into Muthoot Finance effective April 1, 2027. — [Source](https://www.freepressjournal.in/business/muthoot-finance-q2-fy27-consolidated-profit-rises-36-to-3278-crore-standalone-income-jumps-37)
- 2026-11-02 — BUSINESSTODAY: **Muthoot Finance stock gains as gold loan AUM surges 46% in H1, check price target** — Muthoot Finance Ltd reported a 27% year-on-year rise in standalone net profit to Rs 2,977 crore in Q2 and raised its FY27 gold loan growth guidance to 25% from 15%, driven by a 46% surge in consolidated Gold Loan AUM. Brokerage Nuvama retained a 'HOLD' rating but cut the target price to Rs 2,675, citing the need to track asset quality closely given changes in repayment cycles and rising macro distress. — [Source](https://www.businesstoday.in/markets/stocks/story/muthoot-finance-stock-gains-as-gold-loan-aum-surges-46-in-h1-check-price-target-565023-2026-11-02)
- 2026-11-02 — BUSINESS: **Stocks to watch: RIL, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda** — Multiple Indian listed companies reported Q2FY27 financial results showing growth in profits and revenues, including Reliance Industries, Jio Platforms, NTPC, Muthoot Finance, Bank of Baroda, PB Fintech, Coal India, CDSL, and Nazara Technologies. Additionally, Affle 3i signed an agreement to acquire Perion Network, and the CCI approved Xavier Niel's proposal to acquire a stake in Vodafone Group Plc, impacting Vodafone Idea. — [Source](https://www.business-standard.com/markets/news/stocks-to-watch-ril-jio-platforms-ntpc-muthoot-finance-bank-of-baroda-126110200060_1.html)
- 2026-11-02 — Economic Times: **Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp** — Several major Indian companies reported their quarterly earnings results, with Reliance Industries, Jio Platforms, NTPC Green Energy, CDSL, NTPC, Bank of Baroda, GAIL, Bharat Electronics, and Mahindra & Mahindra showing profit growth, while Sun Pharma reported a decline due to exceptional charges. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-reliance-industries-jio-platforms-mm-cdsl-itc-ntpc-iocl-and-hero-motocorp/articleshow/135432220.cms)
- 2026-10-31 — Economic Times: **Muthoot Finance Q2 cons profit jumps 36% YoY to Rs 3,278 crore** — Muthoot Finance reported a 36% year-on-year increase in consolidated net profit to Rs 3,278 crore for Q2, driven by a 42% expansion in business, although asset quality showed signs of stress with a rise in the standalone gross NPA ratio. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/muthoot-finance-q2-cons-profit-jumps-36-yoy-to-rs-3278-crore/articleshow/135401237.cms)
- 2026-10-31 — The Hindu: **Muthoot Finance posts 27% rise in PAT at ₹2,977 crore in Q2 FY27** — Muthoot Finance Ltd posted a 27% rise in Q2 FY27 PAT to ₹2,977 crore and increased its FY27 gold loan growth guidance by 10% amid regulatory adjustments from the RBI. — [Source](https://www.thehindubusinessline.com/money-and-banking/muthoot-finance-posts-27-rise-in-pat-at-2977-crore-in-q2-fy27/article71650008.ece)
- 2026-10-31 — MONEYCONTROL: **Muthoot Finance Q2 results: Standalone profit rises 27% to Rs 2,977 crore** — Muthoot Finance reported a 27% year-on-year increase in standalone profit for the second quarter, reaching Rs 2,977 crore. This financial result reflects the company's operational performance during the reporting period. — [Source](https://www.moneycontrol.com/news/business/earnings/muthoot-finance-q2-results-standalone-profit-rises-27-to-rs-2-977-crore-14065127.html)
- 2026-10-31 — FEEDS: **Muthoot Finance Q2 Results: Profit Rises 27% To Rs 2,977  Crore, Revises Gold Loan Growth Guidance For FY27** — Total income jumped 37% to Rs8,842 crore for the quarter ended on September 30. — [Source](https://www.ndtvprofit.com/markets/muthoot-finance-q2-results-profit-rises-27-to-rs-2-977-crore-revises-gold-loan-growth-guidance-for-fy27-12263278)
- 2026-10-31 — The Hindu: **Q2 Results Today Live: NTPC, Muthoot Finance, Shyam Metalics & Energy, Sarda Energy and Minerals, Zen Technologies, National Securities Depository, Rainbow Childrens Medicare Share to announce Q2 results** — Syrma SGS has set a target of $1 billion in revenue for the next year, driven by strong growth in H1 and record Q2 FY27 results despite component shortages and PCB bottlenecks. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-31 — The Hindu: **Q2 Results Highlights 31st Oct: NTPC, Quess Corp, Best Agrolife, Eveready Industries, CDSL, Muthoot Finance, Aditya Birla Fashion post profit growth; IGL, Tilaknagar Industries, Birla Corp report profit decline** — Muthoot Finance reported a 27% year-on-year growth in standalone profit to Rs 2,977 crore for the July-September quarter of FY27, driven by an increase in total income to Rs 8,842 crore from Rs 6,442 crore in the same period last year. — [Source](https://www.thehindubusinessline.com/markets/q2-results-highlights-ntpc-muthoot-finance-shyam-metalics-amp-energy-sarda-energy-and-minerals-zen-technologies-national-securities-depository-rainbowc-childrens-medicare-company-results-31-oc/article71648157.ece)
- 2026-10-01 — Mint: **Top stocks to watch today: Infosys, IRFC, Muthoot Finance among shares in focus on Thursday, 1 Oct | Full list** — Top stocks to watch on Thursday, 1 October: Infosys, HDFC Bank, Acme Solar, Muthoot Finance, Jio Financial Services, IRFC among shares that will remain in focus on Thursday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-and-why-infosys-irfc-muthoot-finance-among-shares-in-focus-on-thursday-1-oct-full-list-11790817912219.html)
- 2026-09-22 — MONEYCONTROL: **Trade Spotlight: How should you trade Deepak Fertilisers, Lupin, Muthoot Finance, Sapphire Foods, Samvardhana Motherson, and others on September 22?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Deepak Fertilisers and Petrochemicals Corporation,Jubilant Foodworks,HDFC Life Insurance Company,ITC,Lupin,Muthoot Finance,Sun Pharmaceutical Industries,Sapphire Foods India,Samvardhana Motherson International — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-deepak-fertilisers-lupin-muthoot-finance-sapphire-foods-samvardhana-motherson-and-others-on-september-22-14034929.html)
- 2026-09-16 — Mint: **RIL, HUL, Nestle, Tata Consumer, Muthoot, Hyundai shares on the rise today | Key things to know** — Shares of Reliance Industries Limited, Hindustan Unilever, Tata Consumer, Hyundai Motor India, Muthoot Finance, etc  emerged as top  Nifty 100 gainers in the early hours of Wednesday’s trading session.  — [Source](https://www.livemint.com/market/stock-market-news/ril-hul-nestle-tata-consumer-muthoot-hyundai-shares-on-the-rise-today-key-things-to-know-11789539484574.html)
- 2026-09-11 — CNBC-TV18: **Exclusive | Is the RBI worried about gold loans? Here's what the governor said** — RBI monitors rapid gold loan growth but sees no immediate concern due to low GNPAs, LTVs, and safeguards, says Governor Sanjay Malhotra. — [Source](https://www.cnbctv18.com/business/finance/exclusive-is-rbi-worried-about-gold-loans-here-is-what-the-governor-said-19989315.htm)
- 2026-09-09 — BUSINESSTODAY: **HDFC Bank, ICICI Bank, IndusInd, Axis, Manappuram: Top financial stocks to buy; check fresh targets** — IDBI Capital stock picks, IDBI Capital target prices, IDBI Capital buy rating, banking stocks to buy, NBFC stocks to buy, best banking stocks, NBFC stocks, HDFC Bank target price, ICICI Bank target price, IndusInd Bank target price, Axis Bank target price, Federal Bank target price, DCB Bank target price, Union Bank of India target price, City Union Bank target price, Muthoot Finance target price, Manappuram target price, M&M Finance target price, Chola Finance target price, Shriram Finance target price, Aadhar Housing target price, Home First target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdfc-bank-icici-bank-indusind-axis-bank-manappuram-top-financial-stocks-to-buy-check-fresh-targets-554211-2026-09-09)
- 2026-09-09 — MONEYCONTROL: **Helios Flexicap Fund cuts HDFC Bank stake, adds Coforge, PB Fintech in August** — helios, hdfc — [Source](https://www.moneycontrol.com/news/business/markets/helios-flexicap-fund-cuts-hdfc-bank-stake-adds-coforge-pb-fintech-in-august-14025636.html)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-09-07 — BUSINESSTODAY: **Manappuram Finance, Muthoot Finance shares: Antique sees up to 21% upside on two gold loan stocks** — Manappuram Finance, Muthoot Finance, gold financiers, gold loans, gold financing, Manappuram Finance target price, Muthoot Finance target price, Antique Stock Broking, Manappuram Finance BUY rating, Muthoot Finance HOLD rating — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-muthoot-finance-shares-antique-sees-up-to-21-upside-on-two-gold-loan-stocks-553554-2026-09-07)
- 2026-09-02 — NEWS.WEBINDIA123.COM: **Gold loan growth driven more by higher gold prices, repeat borrowing than new customers: Report** — The rapid growth in India's gold loan market is increasingly being driven by higher gold prices and repeat borrowing by existing customers rather than a significant rise in new borrowers or the amount of gold being pledged, according to a Motilal Oswal thematic report on the gold loan sector. — [Source](https://news.webindia123.com/news/articles/business/20260902/4493824.html)

## Business profile

**Strategic vision:** Provides gold financing and diverse financial services.

### Business segments
- **Gold Financing:** Provides loans against the collateral of gold jewellery to individuals for short-term working capital needs.
- **Diversified Financial Services:** Offers a broad portfolio including money transfer, foreign exchange, insurance broking, home loans, personal loans, microfinance, and remittance services.
- **Corporate and Mortgage Loans:** Provides corporate loans, mortgage loans, factoring, business loans, and short-term loans, with operations extending to Sri Lanka.
- **Windmill Power Generation:** Engages in operations related to windmill power generation.

### Competitive strengths
- Extensive network of branches across India
- Diversified financial service offerings beyond core gold loans
- Established partnerships with financial institutions and technology providers

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/muthootfin
Markdown representation: https://faxioms.com/stocks/muthootfin?render=md