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Earnings Call

Muthoot Capital Services Earnings Call: Key Takeaways

Management focused on a digital pivot and AUM growth to ₹3,500 crore, but faced sharp analyst criticism over persistent net losses and high NPA levels.

Highlights
Revenue growthAUM grew 66% to ₹3,500 crore including managed book.
MarginsYields improved to 21% but offset by high impairment costs.
Demand visibilityPositive outlook on mobility financing, used cars, and CV segments.
Management confidenceDefensive under analyst pressure regarding lack of profitability and dividends.

Growth

AUM grew from ₹2,100cr to ₹3,500cr (66%), but was driven by loss-making new segments and high credit costs.

Outlook

Targeting ₹3,000cr disbursements and 2-2.5% pre-tax ROA for FY27, aiming for ₹10,000cr AUM by FY29.

Risks

High GNPA at 6.96% and a ₹15.5cr corporate loan default highlight significant asset quality deterioration and poor risk management.

Source

Earnings Call filed with BSE, NSE: MUTHOOTCAP. Summary written with AI assistance from the document.

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Muthoot Capital Services Ltd: key numbers

Share price
₹226.16
Market cap
₹378.1 Cr
Revenue (annual)
₹620.5 Cr
Net profit (annual)
₹11.17 Cr
P/E (TTM)
15.8×Sector 22.0×
Promoter holding
63.33%+0.00% QoQ
FII holding
1.25%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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11:54 IST BSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing: ₹0.79 Cr

Muthoot Capital Services paid Rs. 0.79 Crore monthly interest on its listed NCDs. Payment was made on 23 September 2026.

Value
₹0.79 Cr
13:00 IST BSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing: ₹1.01 Cr

Muthoot Capital Services confirmed payment of ₹1.01 Crore monthly interest on its ₹125 Crore NCD. The Reg 57(1) payment was made on 22 September 2026.

Value
₹1.01 Cr
12:40 IST BSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing

Muthoot Capital Services allotted non-convertible debt securities on 23-Sep-2026 under a forfeited-share reissue and fund-raise. No issue price or investor count was disclosed.

12:01 IST BSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing: ₹1.06 Cr

Muthoot Capital Services confirmed ₹1.06 Crore monthly interest payment on ₹125 Crore NCDs. Payment was made on 21.09.2026 as per SEBI LODR Reg 57(1).

Value
₹1.06 Cr
17:14 IST BSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing: ₹0.42 Cr

Muthoot Capital Services Limited confirms the payment of interest on non-convertible debentures (ISIN: INE296G07143) totaling ₹0.42 Crore.

Value
₹0.42 Cr
17:40 IST NSE
Debt & Borrowing

Muthoot Capital Services Debt & Borrowing: ₹2.08 Cr

Muthoot Capital Services confirmed the partial redemption of green bonds, with an amount of ₹2.08 Crore paid to bondholders. This fulfills a regulatory disclosure requirement.

Value
₹2.08 Cr