Muthoot Microfin Limited (MUTHOOTMF) - Net Assets

Latest as of March 2026: Rs28.54 Billion INR ≈ $308.68 Million USD

Based on the latest financial reports, Muthoot Microfin Limited (MUTHOOTMF) has net assets worth Rs28.54 Billion INR (≈ $308.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs126.85 Billion ≈ $1.37 Billion USD) and total liabilities (Rs98.30 Billion ≈ $1.06 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MUTHOOTMF tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs28.54 Billion
% of Total Assets	22.5%
Annual Growth Rate	68.55%
5-Year Change	113.55%
10-Year Change	1410.09%
Growth Volatility	326.11

Muthoot Microfin Limited - Net Assets Trend (2013–2025)

This chart illustrates how Muthoot Microfin Limited's net assets have evolved over time, based on quarterly financial data. See MUTHOOTMF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Muthoot Microfin Limited (2013–2025)

The table below shows the annual net assets of Muthoot Microfin Limited from 2013 to 2025. For live valuation and market cap data, see Muthoot Microfin Limited stock valuation.

Year	Net Assets	Change
2025-09-30	Rs28.54 Billion ≈ $308.68 Million	+8.44%
2024-09-30	Rs26.32 Billion ≈ $284.67 Million	-6.14%
2023-09-30	Rs28.04 Billion ≈ $303.28 Million	+72.49%
2022-09-30	Rs16.26 Billion ≈ $175.83 Million	+21.64%
2021-09-30	Rs13.37 Billion ≈ $144.55 Million	+50.20%
2020-09-30	Rs8.90 Billion ≈ $96.24 Million	-1.89%
2019-09-30	Rs9.07 Billion ≈ $98.09 Million	+2.39%
2018-09-30	Rs8.86 Billion ≈ $95.79 Million	+119.83%
2017-09-30	Rs4.03 Billion ≈ $43.58 Million	+113.18%
2016-09-30	Rs1.89 Billion ≈ $20.44 Million	+173.22%
2015-09-30	Rs691.82 Million ≈ $7.48 Million	+1212.25%
2014-09-30	Rs52.72 Million ≈ $570.15K	-2.91%
2013-09-30	Rs54.30 Million ≈ $587.23K	--

Equity Component Analysis

This analysis shows how different components contribute to Muthoot Microfin Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 70000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Common Stock	Rs1.68 Billion	5.88%
Other Components	Rs26.87 Billion	94.12%
Total Equity	Rs28.54 Billion	100.00%

Muthoot Microfin Limited Competitors by Market Cap

The table below lists competitors of Muthoot Microfin Limited ranked by their market capitalization.

Company	Market Cap
Lanner Electronics TWO:6245	$376.44 Million
Ningxia Younglight Chemicals Co Ltd SHE:000635	$376.61 Million
Palm Landscape Architecture Co Ltd SHE:002431	$376.69 Million
Truecaller AB (publ) ST:TRUE-B	$376.84 Million
Tarczynski S.A. WAR:TAR	$376.30 Million
Hanyang ENG Co. Ltd KQ:045100	$376.17 Million
Enity ST:ENITY	$376.12 Million
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares NASDAQ:ANSC	$375.97 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Muthoot Microfin Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 26,322,270,000 to 28,543,120,000, a change of 2,220,850,000 (8.4%).
Net income of 991,470,000 contributed positively to equity growth.
New share issuances of 292,110,000 increased equity.
Other comprehensive income decreased equity by 3,915,890,000.
Other factors increased equity by 4,853,160,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs991.47 Million	+3.47%
Share Issuances	Rs292.11 Million	+1.02%
Other Comprehensive Income	Rs-3.92 Billion	-13.72%
Other Changes	Rs4.85 Billion	+17.0%
Total Change	Rs-	8.44%

Book Value vs Market Value Analysis

This analysis compares Muthoot Microfin Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.24x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 19.50x to 1.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-09-30	Rs10.64	Rs207.48	x
2014-09-30	Rs9.59	Rs207.48	x
2015-09-30	Rs15.47	Rs207.48	x
2016-09-30	Rs24.53	Rs207.48	x
2017-09-30	Rs47.12	Rs207.48	x
2018-09-30	Rs85.53	Rs207.48	x
2019-09-30	Rs79.44	Rs207.48	x
2020-09-30	Rs77.62	Rs207.48	x
2021-09-30	Rs78.40	Rs207.48	x
2022-09-30	Rs95.36	Rs207.48	x
2023-09-30	Rs188.39	Rs207.48	x
2024-09-30	Rs154.61	Rs207.48	x
2025-09-30	Rs167.30	Rs207.48	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Muthoot Microfin Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.47%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.73%
• Asset Turnover: 0.08x
• Equity Multiplier: 4.44x
Recent ROE (3.47%) is below the historical average (5.89%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-0.20%	-2.49%	0.08x	1.02x	Rs-5.54 Million
2014	-3.00%	-41.69%	0.07x	1.00x	Rs-6.85 Million
2015	13.60%	31.43%	0.06x	7.63x	Rs24.92 Million
2016	19.60%	22.73%	0.11x	7.75x	Rs181.36 Million
2017	-3.58%	-4.74%	0.12x	6.34x	Rs-547.16 Million
2018	22.72%	41.61%	0.14x	3.99x	Rs1.13 Billion
2019	2.01%	6.12%	0.07x	4.51x	Rs-724.93 Million
2020	0.79%	1.15%	0.15x	4.70x	Rs-819.35 Million
2021	3.55%	12.42%	0.07x	4.18x	Rs-862.60 Million
2022	10.08%	11.44%	0.17x	5.25x	Rs13.04 Million
2023	16.03%	37.29%	0.10x	4.13x	Rs1.69 Billion
2024	-8.45%	-9.11%	0.23x	4.12x	Rs-4.86 Billion
2025	3.47%	9.73%	0.08x	4.44x	Rs-1.86 Billion

Industry Comparison

This section compares Muthoot Microfin Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $13,875,001,886
Average return on equity (ROE) among peers: 14.14%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Muthoot Microfin Limited (MUTHOOTMF)	Rs28.54 Billion	-0.20%	3.44x	$376.44 Million
Akme Fintrade India Ltd (AFIL)	$3.82 Billion	8.69%	0.77x	$66.41 Million
Arman Financial Services Limited (ARMANFIN)	$66.41 Million	10.09%	1.89x	$192.84 Million
Baid Finserv Limited (BAIDFIN)	$108.03 Million	5.96%	2.17x	$16.78 Million
Bajaj Finance Limited (BAJFINANCE)	$96.00 Billion	19.13%	5.64x	$64.48 Billion
Capri Global Capital Limited (CGCL)	$2.81 Billion	44.70%	0.62x	$2.30 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$3.01 Billion	11.80%	5.99x	$15.41 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$28.18 Billion	10.24%	7.22x	$3.23 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$4.60 Billion	18.10%	5.11x	$2.46 Billion
CSL Finance Limited (CSLFINANCE)	$518.95 Million	12.68%	0.00x	$55.58 Million
DCM Financial Services Limited (DCMFINSERV)	$-371.72 Million	0.00%	0.00x	$1.25 Million

About Muthoot Microfin Limited

NSE:MUTHOOTMF India Credit Services

Market Cap

$376.44 Million

Rs34.81 Billion INR

Market Cap Rank

#13849 Global

#688 in India

Share Price

Rs207.48

Change (1 day)

+1.20%

52-Week Range

Rs125.92 - Rs214.49

All Time High

Rs266.15