Muthoot Finance Ltd (MUTHOOTFIN) — share price & stock analysis

Market cap

₹1,17,024 Cr

P/BV

2.99×

ROE

30.9%

vs own 10-yr valuation

51st pctile

Book value / share

₹975

EPS (TTM)

₹263

10-yr median P/BV

2.9×

Revenue (FY26)

₹31,209 Cr

Profit after tax (FY26)

₹10,607 Cr

Weinstein stage

Stage 3 (3 weeks)

Data as of

1 July 2026

4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROE 31% — a genuinely good bank; GNPA 2.3% — workable, not pristine; the spread is near its 13-year high. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double.

The business grew faster than the stock

Since Sept 2016, earnings per share grew 1,192% while the stock is up 696%. The business has outrun its own share price.pricettm_eps

When profits grow faster than the price, the stock quietly gets cheaper while doing better — the market hasn’t fully caught up.

Today’s P/BV of 3× is the middle of its own range against its own 10-year history (51st percentile) — neither a bargain nor a stretch, by its own standards.pb_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (2.9×).

The uptrend is stalling — the price is topping out

Price trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 3: topping — 3 weeks so far, confirmed.stage

Stage 3 is where uptrends go to die or rest — the price chops sideways while the average flattens. The next decisive move sets the story.stage

Trailing NIFTY 500 for 8 weeks — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Up in 10 of 12 years — the long arc of a compounder

Over 12 years, income went from ₹4,947 Cr to ₹31,209 Cr (about 17% a year), and profit from ₹780 Cr to ₹10,607 Cr.revenuenet_profit

Margins widened 18 points along the way — growth with improving economics.revenue−interest_expense

The loan book is working — interest income exploded 65%

Mar 26 income was ₹9,289 Cr, up 65% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue

The squeeze is easing — the spread bottomed at 63% and is mending

Of every ₹100 of interest the bank earns, ₹34 goes straight out as interest on deposits and borrowings. It keeps ₹66 — up 4 points from a year ago.revenueinterest_expense

The visible arc: squeezed from 64% down to 63% (Mar 25) as deposits repriced faster than loans, and recovering since. The direction matters more than the level now.interest_expense

Bad loans are healing — from a worst of 4.3% (Sep 24) to 2.3%

₹2.3 of every ₹100 lent is currently stuck with borrowers who’ve stopped paying — down from ₹4.3 at the Sep 24 worst. After the money already set aside, the true exposure is 1.9%.gross_npa_pctnet_npa_pct

Falling bad loans do double duty: less money set aside for losses flows straight back into profit — and the profit bridge this year shows exactly that. The tailwind eventually runs out; the loan book has to take over.gross_npa_pctnet_profit

Profit exploded 135% year on year

Mar 26 profit was ₹3,397 Cr, up 135% on last year — earnings per share of ₹83.43.net_profiteps

Priced mid-range against its own history

Today you pay ₹2.99 for every ₹1 of book value, against a long-run median of ₹2.90. It has traded cheaper than this only 51% of the time since 2016.pb_ratio

The owners aren’t moving

Promoters hold 73.3%, essentially unchanged. Foreign funds own 12.3%, domestic funds 10.4%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

Meanwhile domestic funds have been the sellers — from 13.7% to 10.4% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

Strong on the data — worth the deeper look if the story keeps its promises

The numbers lean positive, and the price hasn’t fully caught up with the improvement.

Best thing in the data: profit rising (₹1,444 Cr → ₹3,397 Cr).net_profit

Biggest worry: domestic-fund holding falling (11.8% → 10.4%).diis_pct

One dissent worth hearing: our technicals lens reads negative — “recent death detected. bearish MA stacking (Price < DMA50 < DMA200). oversold (z-score: -1.71)”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data