Income Statement Muthoot Finance Limited

Equities

MUTHOOTFIN

INE414G01012

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 04:35:04 18/02/2026 pm IST			5-day change	1st Jan Change
3,456.90 ^INR	-1.12%		-12.11%	-9.31%

13/02	Phillip Securities Downgrades Muthoot Finance to Neutral from Buy, Price Target is INR4,000	MT
13/02	ICICI Securities Downgrades Muthoot Finance to Hold from Add, Price Target is INR4,000	MT

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Published financial data: MUTHOOT FINANCE LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	11TCr	12TCr	12TCr	15TCr	20TCr
Interest Expense, Total	4.1TCr	4.26TCr	4.21TCr	5.43TCr	7.41TCr
Net Interest Income	7.13TCr	7.67TCr	7.35TCr	9.12TCr	12TCr
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	10T	-11Cr	-8.93Cr
Other Revenues, Total	318.11Cr	293.72Cr	341.19Cr	521.75Cr	558.19Cr
Revenues Before Provison For Loan Losses	7.45TCr	7.96TCr	7.69TCr	9.63TCr	13TCr
Provision For Loan Losses	223.65Cr	261.01Cr	225.09Cr	317.81Cr	916.14Cr
Total Revenues	7.23TCr	7.7TCr	7.46TCr	9.31TCr	12TCr
Salaries And Other Employee Benefits	1.19TCr	1.24TCr	1.49TCr	1.83TCr	2.32TCr
Cost of Services Provided, Total	383.87Cr	368.88Cr	445.55Cr	564.58Cr	725.71Cr
Depreciation & Amortization - (IS) - (Collected)	67Cr	70Cr	78Cr	92Cr	115.99Cr
Provision for Bad Debts	32Cr	122.51Cr	17Cr	226.79Cr	714.29Cr
Other Operating Expenses	420.15Cr	491.67Cr	509.6Cr	601.94Cr	738.66Cr
Total Operating Expenses	2.09TCr	2.29TCr	2.54TCr	3.31TCr	4.62TCr
Operating Income	5.13TCr	5.41TCr	4.92TCr	6TCr	7.27TCr
Other Non Operating Income (Expenses)	1.11Cr	1.36Cr	-	75L	-
EBT, Excl. Unusual Items	5.14TCr	5.41TCr	4.92TCr	6TCr	7.27TCr
Gain (Loss) on Sale of Investments	-	-	-	-4.28Cr	-
Gain (Loss) on Sale of Assets	-3.53Cr	-64.7L	-2.12Cr	-11.1L	-9L
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	5.13TCr	5.41TCr	4.92TCr	6TCr	7.27TCr
Income Tax Expense	1.31TCr	1.38TCr	1.25TCr	1.53TCr	1.91TCr
Earnings From Continuing Operations	3.82TCr	4.03TCr	3.67TCr	4.47TCr	5.35TCr
Net Income to Company	3.82TCr	4.03TCr	3.67TCr	4.47TCr	5.35TCr
Minority Interest	-14Cr	-15Cr	-57Cr	-143.31Cr	-19Cr
Net Income - (IS)	3.8TCr	4.02TCr	3.61TCr	4.32TCr	5.33TCr
Net Income to Common Incl Extra Items	3.8TCr	4.02TCr	3.61TCr	4.32TCr	5.33TCr
Net Income to Common Excl. Extra Items	3.8TCr	4.02TCr	3.61TCr	4.32TCr	5.33TCr
Per Share Items
Net EPS - Basic	94.84	100.1	89.99	107.72	132.84
Basic EPS - Continuing Operations	94.84	100.1	89.99	107.72	132.84
Basic Weighted Average Shares Outstanding	40Cr	40Cr	40Cr	40Cr	40Cr
Net EPS - Diluted	94.76	100.05	89.98	107.71	132.83
Diluted EPS - Continuing Operations	94.76	100.05	89.98	107.71	132.83
Diluted Weighted Average Shares Outstanding	40Cr	40Cr	40Cr	40Cr	40Cr
Normalized Basic EPS	79.65	83.91	75.25	89.85	112.63
Normalized Diluted EPS	79.57	83.87	75.24	89.85	112.63
Dividend Per Share	20	20	22	24	26
Payout Ratio	0.02	19.99	22.24	20.45	18.09
Supplemental Items
Total Revenues (As Reported)	12TCr	12TCr	12TCr	15TCr	20TCr
Effective Tax Rate - (Ratio)	25.58	25.49	25.45	25.5	26.34
Total Current Taxes	1.34TCr	1.41TCr	1.22TCr	1.58TCr	1.98TCr
Total Deferred Taxes	-23Cr	-32Cr	29Cr	-51Cr	-67Cr
Normalized Net Income	3.19TCr	3.37TCr	3.02TCr	3.61TCr	4.52TCr
Non-Cash Pension Expense	7.76Cr	23.1L	1.05Cr	92.4L	15Cr
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	1.4Cr	-19.8L	-	-	-
Total Stock-Based Compensation	1.4Cr	-19.8L	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.78TCr	10TCr	7.77TCr	6.04TCr	8.17TCr
Long-Term Investments - (FS Template)	850.22Cr	566.06Cr	650.43Cr	827.93Cr	2.44TCr
Trading Asset Securities, Total	15Cr	61Cr	-	-	-
Loans and Lease Receivables - (FS Template)	59TCr	65TCr	71TCr	88TCr	1,20600Cr
Other Receivables	246.37Cr	181.87Cr	198.75Cr	224.05Cr	216.45Cr
Gross Property Plant And Equipment	508.39Cr	597.77Cr	722.13Cr	911.76Cr	1.14TCr
Accumulated Depreciation	-195.4Cr	-248.95Cr	-313.24Cr	-386.8Cr	-489.13Cr
Net Property Plant And Equipment	312.99Cr	348.82Cr	408.89Cr	524.95Cr	646.59Cr
Goodwill	30Cr	30Cr	30Cr	30Cr	30Cr
Other Intangibles, Total	8.69Cr	5.92Cr	5.93Cr	6.2Cr	5.71Cr
Other Current Assets, Total	268.37Cr	298.45Cr	289.8Cr	262.6Cr	208.66Cr
Deferred Tax Assets Long-Term (Collected)	59Cr	108.97Cr	64Cr	98Cr	201.33Cr
Other Long-Term Assets, Total	264.13Cr	152.43Cr	176.47Cr	271.6Cr	367.86Cr
Total Assets	69TCr	76TCr	80TCr	96TCr	1,32900Cr
Liabilities
Interest Bearing Deposits	257.95Cr	223.53Cr	331.48Cr	401.83Cr	578.32Cr
Deposits	257.95Cr	223.53Cr	331.48Cr	401.83Cr	578.32Cr
Accounts Payable, Total	211.15Cr	157.02Cr	134.12Cr	138.89Cr	137.13Cr
Accrued Expenses, Total	1.32TCr	1.35TCr	1.07TCr	1.41TCr	1.98TCr
Short-Term Borrowings	18TCr	16TCr	15TCr	21TCr	24TCr
Current Portion of Long-Term Debt	299.21Cr	-	4.52TCr	-	-
Current Portion of Leases	5.26Cr	5.84Cr	6.5Cr	5.58Cr	2.86Cr
Long-Term Debt	32TCr	39TCr	36TCr	47TCr	75TCr
Long-Term Leases	12Cr	10Cr	9.06Cr	7.02Cr	11Cr
Current Income Taxes Payable	130.28Cr	141.82Cr	81Cr	55Cr	259.24Cr
Unearned Revenue, Current	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	85Cr	15Cr	15Cr	239.07Cr	176.66Cr
Unearned Revenue Non Current	1.28Cr	92.5L	80.4L	67.3L	42.3L
Pension & Other Post Retirement Benefits	9.57Cr	15Cr	9.39Cr	8.11Cr	39Cr
Deferred Tax Liability Non-Current	14Cr	17Cr	15Cr	17Cr	25Cr
Other Non Current Liabilities	340.8Cr	421.97Cr	635.42Cr	544.48Cr	765.48Cr
Total Liabilities	53TCr	57TCr	58TCr	71TCr	1,02900Cr
Common Stock, Total	401.2Cr	401.34Cr	401.45Cr	401.46Cr	401.46Cr
Additional Paid In Capital	1.5TCr	1.51TCr	1.51TCr	1.51TCr	1.51TCr
Retained Earnings	10TCr	13TCr	16TCr	20TCr	24TCr
Comprehensive Income and Other	3.57TCr	3.5TCr	3.54TCr	3.61TCr	3.52TCr
Total Common Equity	16TCr	19TCr	22TCr	25TCr	29TCr
Minority Interest	184.58Cr	352.17Cr	487.05Cr	646.83Cr	626.55Cr
Total Equity	16TCr	19TCr	22TCr	26TCr	30TCr
Total Liabilities And Equity	69TCr	76TCr	80TCr	96TCr	1,32900Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40Cr	40Cr	40Cr	40Cr	40Cr
ECS Total Common Shares Outstanding	40Cr	40Cr	40Cr	40Cr	40Cr
Book Value / Share	388.22	468.07	539.69	625.39	731.49
Tangible Book Value	16TCr	19TCr	22TCr	25TCr	29TCr
Tangible Book Value Per Share	387.25	467.17	538.79	624.49	730.6
Total Debt	51TCr	55TCr	56TCr	68TCr	99TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.52Cr	14Cr	9.23Cr	8.11Cr	39Cr
Net Debt	43TCr	45TCr	48TCr	62TCr	91TCr
Full Time Employees	-	26.72T	-	28.29T	29.22T

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	3.8TCr	4.02TCr	3.61TCr	4.32TCr	5.33TCr
Depreciation, Depletion & Amortization	62Cr	66Cr	75Cr	89Cr	113.15Cr
Total Depreciation, Depletion & Amortization	62Cr	66Cr	75Cr	89Cr	113.15Cr
Amortization of Deferred Charges, Total	4.87Cr	4.09Cr	2.92Cr	3.12Cr	2.84Cr
(Gain) Loss On Sale of Asset - (CF)	-71.9L	-79L	-23.9L	-63.9L	-46.8L
(Gain) Loss on Sale of Investments - (CF)	-164.76Cr	-49Cr	-41Cr	-59Cr	-128.19Cr
Total Asset Writedown	12.1L	16.2L	1.01Cr	4.15Cr	4.42Cr
Provision for Credit Losses	255.09Cr	382.43Cr	228.63Cr	543.07Cr	1.63TCr
Stock-Based Compensation (CF)	1.4Cr	-19.8L	-	-	-
Change in Accounts Payable	-15Cr	-54Cr	59Cr	51Cr	-89.6L
Change in Other Net Operating Assets (Collected)	-12TCr	-6.08TCr	-6.24TCr	-18TCr	-34TCr
Other Operating Activities	434.77Cr	118.6Cr	-503.39Cr	-614.44Cr	544.46Cr
Cash from Operations	-7.81TCr	-1.6TCr	-2.8TCr	-14TCr	-27TCr
Capital Expenditure	-91Cr	-97Cr	-141.14Cr	-222.42Cr	-217Cr
Sale of Property, Plant, and Equipment	1.71Cr	2.41Cr	1.4Cr	1.91Cr	1.43Cr
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate Properties (Collected)	86.5L	44L	87.4L	-4L	-2.96Cr
Investment in Marketable and Equity Securities, Total	18Cr	340.2Cr	46Cr	-83Cr	-1.68TCr
Other Investing Activities, Total	110.02Cr	175.64Cr	273.44Cr	349.37Cr	519.59Cr
Cash from Investing	40Cr	421.64Cr	180.97Cr	45Cr	-1.38TCr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	9.73TCr	5.56TCr	1.42TCr	13TCr	31TCr
Total Debt Issued	9.73TCr	5.56TCr	1.42TCr	13TCr	31TCr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-37Cr	-1.58TCr	-444.24Cr	-8.92Cr	-39Cr
Total Debt Repaid	-37Cr	-1.58TCr	-444.24Cr	-8.92Cr	-39Cr
Issuance of Common Stock	79.2L	74.7L	51.5L	6L	1L
Common Dividends Paid	-67.5L	-802.73Cr	-803.21Cr	-884.44Cr	-964.8Cr
Common & Preferred Stock Dividends Paid	-67.5L	-802.73Cr	-803.21Cr	-884.44Cr	-964.8Cr
Other Financing Activities, Total	16Cr	270.86Cr	219.36Cr	-19Cr	97Cr
Cash from Financing	9.71TCr	3.45TCr	395.02Cr	12TCr	30TCr
Foreign Exchange Rate Adjustments	-2.95Cr	-11Cr	-1.03Cr	2.31Cr	1.62Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	1.93TCr	2.26TCr	-2.23TCr	-1.75TCr	2.14TCr
Supplemental Items
Cash Interest Paid	3.62TCr	3.97TCr	4.45TCr	5.76TCr	6.71TCr
Cash Income Tax Paid (Refund)	1.29TCr	1.4TCr	1.32TCr	1.63TCr	1.73TCr
Net Debt Issued / Repaid	9.7TCr	3.98TCr	978.35Cr	13TCr	31TCr

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.18	5.56	4.69	5.06	4.67
Return On Equity %	27.51	23.1	17.78	18.65	19.2
Return on Common Equity	27.76	23.38	17.86	18.49	19.58
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	21.77	20.88	25.91	25.69	25.67
Income From Continuing Operations Margin %	52.85	52.34	49.17	47.97	45.03
Net Income Margin %	52.65	52.15	48.4	46.43	44.87
Net Avail. For Common Margin %	52.65	52.15	48.4	46.43	44.87
Normalized Net Income Margin	44.21	43.72	40.47	38.73	38.04
Asset Turnover
Asset Turnover	0.12	0.11	0.1	0.11	0.1
Short Term Liquidity
Current Ratio	3.26	4.21	3.64	4.08	4.8
Quick Ratio	3.25	4.19	3.63	4.07	4.79
Operating Cash Flow to Current Liabilities	-0.38	-0.09	-0.13	-0.59	-0.98
Long Term Solvency
Total Debt/Equity	320.52	286.56	251.43	263.66	329.77
Total Debt / Total Capital	76.22	74.13	71.54	72.5	76.73
LT Debt/Equity	202.59	203.13	161.05	182.26	250.36
Long-Term Debt / Total Capital	48.18	52.55	45.83	50.12	58.25
Total Liabilities / Total Assets	77.04	74.92	72.36	73.3	77.42
Tier 1 Capital Ratio %	26.31	29.1	31.01	29.61	22.95
Total Capital Ratio %	27.39	29.97	31.77	30.37	23.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.72	6.53	-2.67	22.88	27.61
Gross Profit, 1 Yr. Growth %	12.72	6.53	-2.67	22.88	27.61
Earnings From Cont. Operations, 1 Yr. Growth %	20.52	5.56	-8.97	21.74	19.8
Net Income, 1 Yr. Growth %	21.23	5.58	-10.07	19.71	23.32
Normalized Net Income, 1 Yr. Growth %	21.32	5.39	-10.29	19.14	25.35
Diluted EPS Before Extra, 1 Yr. Growth %	21.18	5.58	-10.06	19.7	23.32
Common Equity, 1 Yr. Growth %	31.67	20.61	15.33	15.88	16.96
Total Assets, 1 Yr. Growth %	25.07	11.18	5.02	20.36	37.72
Tangible Book Value, 1 Yr. Growth %	31.77	20.68	15.36	15.91	16.99
Cash From Operations, 1 Yr. Growth %	57.23	-79.57	75.64	390.5	94.96
Capital Expenditures, 1 Yr. Growth %	-0.55	6.1	45.42	57.59	-2.44
Dividend Per Share, 1 Yr. Growth %	33.33	0	10	9.09	8.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.45	9.61	1.6	10.21	25.22
Gross Profit, 2 Yr. CAGR %	19.45	9.61	1.6	10.21	25.22
Earnings From Cont. Operations, 2 Yr. CAGR %	34.76	12.79	-1.97	5.27	20.77
Net Income, 2 Yr. CAGR %	35.31	13.13	-2.56	3.76	21.5
Normalized Net Income, 2 Yr. CAGR %	25.71	13.08	-2.77	3.51	22.21
Diluted EPS Before Extra, 2 Yr. CAGR %	35.23	13.11	-2.55	3.76	21.5
Common Equity, 2 Yr. CAGR %	25.23	26.02	17.94	15.61	16.42
Total Assets, 2 Yr. CAGR %	28.25	17.92	8.06	12.43	28.75
Tangible Book Value, 2 Yr. CAGR %	25.32	26.1	17.99	15.63	16.45
Cash From Operations, 2 Yr. CAGR %	27.27	-43.32	-40.1	193.52	207.56
Capital Expenditures, 2 Yr. CAGR %	9.07	2.72	24.21	51.38	23.99
Dividend Per Share, 2 Yr. CAGR %	29.1	15.47	4.88	9.54	8.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.77	15	5.2	8.81	15.73
Gross Profit, 3 Yr. CAGR %	15.77	15	5.2	8.81	15.73
Earnings From Cont. Operations, 3 Yr. CAGR %	27.47	24.22	5.02	5.37	9.91
Net Income, 3 Yr. CAGR %	27.63	24.57	4.8	4.36	9.91
Normalized Net Income, 3 Yr. CAGR %	20.52	18.54	4.68	4.13	10.33
Diluted EPS Before Extra, 3 Yr. CAGR %	27.57	24.52	4.79	4.36	9.91
Common Equity, 3 Yr. CAGR %	25.62	23.67	22.35	17.25	16.06
Total Assets, 3 Yr. CAGR %	26.8	22.28	13.45	12.01	20.3
Tangible Book Value, 3 Yr. CAGR %	25.69	23.75	22.42	17.29	16.08
Cash From Operations, 3 Yr. CAGR %	76.05	-30.83	-17.37	20.74	155.17
Capital Expenditures, 3 Yr. CAGR %	35.96	8.07	15.34	34.47	30.76
Dividend Per Share, 3 Yr. CAGR %	25.99	18.56	13.62	6.27	9.14
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.55	18.35	9.89	12.96	13.14
Gross Profit, 5 Yr. CAGR %	23.55	18.35	9.89	12.96	13.14
Earnings From Cont. Operations, 5 Yr. CAGR %	36.1	27.27	14.76	16.26	11.05
Net Income, 5 Yr. CAGR %	36.11	27.34	14.57	15.79	11.19
Normalized Net Income, 5 Yr. CAGR %	31.07	22.58	10.6	12.28	11.42
Diluted EPS Before Extra, 5 Yr. CAGR %	36.2	27.28	14.54	15.76	11.18
Common Equity, 5 Yr. CAGR %	22.6	23.5	22.49	20.38	19.94
Total Assets, 5 Yr. CAGR %	20.17	18.85	18.94	18.24	19.34
Tangible Book Value, 5 Yr. CAGR %	22.58	23.57	22.55	20.44	19.99
Cash From Operations, 5 Yr. CAGR %	135.31	-6.09	14.38	23.31	39.78
Capital Expenditures, 5 Yr. CAGR %	24.77	11.14	31.13	23.67	18.73
Dividend Per Share, 5 Yr. CAGR %	27.23	27.23	17.08	14.87	11.63