Key Metrics of Muthoot Microfin Limited
About Muthoot Microfin Limited
Sectors
Company details
- Registered office
- 13th Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East, Mumbai, In-mh, 400051
- Listed
- NSE: MUTHOOTMF · ₹134.88
Operational Areas of Muthoot Microfin Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
PositiveUpgraded by ICRA on 21 Oct 2026
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 21 Oct 2026 | ICRA | Upgraded | AA(SO) | — | — | ₹59.4 Cr | View |
| 16 Sep 2026 | ICRA | Upgraded | AAA(SO) | — | — | ₹15.5 Cr | View |
| 28 Aug 2026 | ICRA | Upgraded | AA(SO) | — | — | ₹25.8 Cr | View |
| 07 Aug 2026 | ICRA | Withdrawn | AAA(SO) | — | — | — | View |
| 07 Aug 2026 | ICRA | Withdrawn | AA(SO) | — | — | — | View |
| 20 Jul 2026 | ICRA | Reaffirmed | AA+(SO) | — | — | ₹191 Cr | View |
| 17 Jul 2026 | ICRA | Upgraded | AAA(SO) | — | — | ₹1.67 Cr | View |
| 29 Jun 2026 | ICRA | Reaffirmed | AA+(SO) | — | — | ₹13.4 Cr | View |
| 25 May 2026 | ICRA | Reaffirmed | AA+(SO) | — | — | ₹46.8 Cr | View |
Credit strengths (ICRA, Oct 2026)
+ Substantial credit enhancement available in the structure
The rating factors in the build-up in the credit enhancement with the subordination increasing to ~31% of the balance pool principal from 10.0% at the time of securitisation.
+ Adequate servicing capability of the originator
The company has adequate processes for servicing of the loan accounts in the securitised pool.
Credit challenges
− Risks associated with lending business
The pool performance would remain exposed to macro-economic shocks, business disruptions and natural calamities that may impact the income-generating capability of the borrowers and their ability to make timely repayments of their loans.
− Vulnerable asset quality in microfinance sector
The microfinance sector has seen lower collections and elevated delinquencies on account of borrower overleveraging and attrition in collection teams in the past.
Could lead to an upgrade
The rating may be upgraded when CC fully covers future PTC payouts.
Could lead to a downgrade
The rating could be downgraded on the sustained weak collection performance of the underlying pool of contracts, leading to further increase in delinquency levels. Weakening in the credit profile of the servicer (MML) could also exert pressure on the ratin g.
Agency-reported financials (ICRA, 07 Aug 2026)
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total income | ₹2,286 Cr | ₹2,564 Cr | ₹2,381 Cr |
| Profit after tax | ₹450 Cr | ₹-,222.50 Cr | ₹170 Cr |
| Total managed assets | ₹12,193 Cr | ₹12,357 Cr | ₹14,006 Cr |
| Gross stage | 2.3% | 4.8% | 3.9% |
| CRAR | 29.0% | 27.9% | 23.9% |
| Revenue growth (YoY) | — | 12.2% | −7.2% |
| PAT margin | 19.7% | −8.7% | 7.2% |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| after last Financial Sector surveillance Regulator crore) crore) Rolls-Royce PTC Series A1 | Securitisation (PTCs) | ₹250 Cr | ₹59.4 Cr | −76.2% | AA(SO) | Upgraded | ICRA |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | PTC Series A | Securitisation (PTCs) | 8.50% | 30 Apr 2025 | 12 Jan 2027 | ₹1.67 Cr | AAA(SO) | Outstanding |
| — | PTC Series A | Securitisation (PTCs) | 8.50% | 27 Jun 2025 | 12 Mar 2027 | ₹15.5 Cr | AAA(SO) | Outstanding |
| — | Olympus PTC Series A | Securitisation (PTCs) | 8.50% | 09 Jul 2025 | 18 Jan 2028 | ₹191 Cr | AA+(SO) | Outstanding |
| — | PTC Series A | Securitisation (PTCs) | 8.75% | 05 Jun 2024 | 13 Mar 2025 | ₹25.8 Cr | AA(SO) | Matured |
Credit assessment · Non-banking finance companies
Rating Methodology – Non-Banking Finance Companies (Feb 2025) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Instrument ratings
| Instrument | Type | Rated | Per criteria | Basis |
|---|---|---|---|---|
| after last Financial Sector surveillance Regulator crore) crore) Rolls-Royce PTC | Securitisation (PTC) | AA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| PTC Series A | Securitisation (PTC) | AA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| after last Financial Sector surveillance Regulator crore) crore) MFI PTC Series | Securitisation (PTC) | AAA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| after last Financial Sector surveillance Regulator crore) crore) Jerrick Trust P | Securitisation (PTC) | AA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| after last Financial Sector surveillance Regulator crore) crore) Olympus PTC Ser | Securitisation (PTC) | AA+ ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| Olympus PTC Series A | Securitisation (PTC) | AA+ ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| Trust after Jun-26 Financial Sector name payout Regulator MFI PTC Series Weimar | Securitisation (PTC) | AAA ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| SNAPDRONE PTC Series A1 | Securitisation (PTC) | AA+ ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| MFI PTC Series A1 | Securitisation (PTC) | AA+ ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
| Mckinley Mario Trust PTC Series A1 | Securitisation (PTC) | AA- ICRA | Pool-specific | pool cash flows and credit enhancement (SO) |
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | AA(SO) · Structured obligation (internal) (ICRA, Oct 2026) |
| Withdrawal | ICRA · 07 Aug 2026 · Withdrawn (reason not stated in report) |
| Next action stable or better (model) | 40% |
| Information on file | 67% · missing: Debt obligations and repayment schedule, Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 74% chance the next rating action is stable or better
- Current rating AA(SO) (investment grade)
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Muthoot Microfin Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Bajaj Finserv |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | bajajfinserv.in | 2007 | Pune, India |
 Power Finance Corporation |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | pfc.gov.in | 1986 | New Delhi, India |
| Bajaj Finance |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | bajajfinserv.in | — | Pune, India |
 REC Limited |
Maharatna & Navratna PSUs · Public Sector (PSU) & Government | recindia.nic.in | 1997 | New Delhi, India |
 Shri Ram Finance Corporation Private Limited |
NBFC, Lending & Housing Finance · Finance | shriramfinance.in | — | Raipur, Chhattisgarh, India |
 Aditya Birla Capital Limited |
General Insurance · Insurance | adityabirlacapital.com | — | Gujarat, India |
| Cholamandalam Financial Holdings Limited | · Finance | — | — | Chennai, Tamil Nadu, India |
 Muthoot Finance |
Fintech, Broking & Market Infrastructure · Banking & Financial Services | muthootfinance.com | — | Ernakulam, India |
| NBFC, Lending & Housing Finance · Banking & Financial Services | irfc.co.in | — | Delhi, India | |
| Abans Financial Services Limited | Fintech, Broking & Market Infrastructure · Banking & Financial Services | — | — | Mumbai, Maharashtra, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.