MUTHOOT MICROFIN LIMITED

Search for bonds, FD or IPO

Returns (YTM)

Upto 10.45%

Min. Investment

₹ 99,798.95

Tenure

10M - 22M

Payment Terms

Monthly

Highlights

Credit Rating

CRISIL A+/POSITIVE

Seniority

SENIOR

Security

Secured

Default History

Zero

Adequate Capitalisation : Net worth of ₹2702 Cr & gearing of 3.14x (Sep’25) vs ₹2,641 Cr & 2.8x (Jun’25); strong 28.91% CAR.

Regulatory tailwind:RBI cut qualifying-asset requirement to 60% (from 75%), enabling MFIs to deploy up to 40% into diversified, higher-yield product

Diversified funding mix:Access to 50+ lenders with diversified borrowings across term loans(46%), securitisation(36%), ECBs(14%) & NCDs(6%).

Improving collection trends: Non-overdue collection efficiency >99% in FY26 with rising recoveries

Adequate Liquidity : Cash & liquid investments of ₹537 cr vs ₹1,218 cr dues over Jul–Aug'25 supported by ₹1,002 cr securitisation line.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

1.34

Net NPA

Good

Benchmark: Lower than 3%

27.85

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

3.01

Debt to Equity Ratio

Good

Benchmark: Maximum 12 times

0.69

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Muthoot Microfin Limited is one of India’s leading microfinance institutions, committed to empowering women entrepreneurs and promoting financial inclusion across rural and semi-urban areas. Part of the trusted Muthoot Pappachan Group, the company provides micro-loans to help women start and expand small businesses, improve their livelihoods, and achieve financial independence. With a strong presence across multiple states, Muthoot Microfin blends grassroots outreach with digital innovation to make credit accessible, affordable, and transparent.

Total Annual Revenue

2564.44 Cr (FY 2025)

Year of Inception

1992

Industry

NBFC Retail

Head Office

MUMBAI

Type of Issuer

Corporate

Current MD/CEO

Mr. Thomas Muthoot

Credit Rating / Outlook

A+ POSITIVE

CRISIL

Rating Rationale

Rating Date: 25-Sep-2025

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Positive Outlook suggests a higher probability of a rating upgrade in the medium term, reflecting favorable trends or events that strengthen the issuer's creditworthiness.

Other Important Details & Disclosures

Issuer Name

MUTHOOT MICROFIN LIMITED

Security Name

9.8% MUTHOOT MICROFIN LIMITED Secured Rated Listed NCD Maturity 4-Nov-2027

ISIN

Copy

INE046W07305

Face Value

₹ 1,00,000

Coupon Rate

9.8%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

4-Nov-2027

Clean Price

₹ 99.83

Dirty Price

₹ 99.86

Current Yield

9.8171%

Yield to Maturity

10.4505%

Mode of Issue

Private Placement

Date of Issue

4-Nov-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

GDA House,Plot No. 85, Bhusari Colony (Right), Paud Road, Pune - 411038

Registrar Details

KFin Technologies Private Limited

Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakrumguda, Hyderabad 500032

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFin Technologies Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakrumguda, Hyderabad 500032

Unit

Select Tenure

Invest in this tenure with Early Sell option.

Investment Amount

₹ 99,863.95

Total Returns

₹ 6,757.76

Total Receivable

₹ 1,06,621.71

Cashflow Timeline

Similar Bonds

LUCINA LAND DEVELOPMENT LIMITED

Min Investment

₹ 1,02,283.91

Returns

13.08%

Payout

Monthly

Credit Rating

A-/IVR

MIDLAND MICROFIN LIMITED

Min Investment

₹ 98,088.36

Returns

Upto 12.6%

Payout

Monthly

Credit Rating

A-/ACUITE

INDEL MONEY LIMITED

Min Investment

₹ 9,719.41

Returns

Upto 11.99%

Payout

Monthly

Credit Rating

A-/IVR

KRAZYBEE SERVICES PRIVATE LIMITED

Min Investment

₹ 99,723.43

Returns

11.25%

Payout

Monthly

Credit Rating

A/CRISIL

EARLYSALARY SERVICES PRIVATE LIMITED

Min Investment

₹ 99,789.19

Returns

11.25%

Payout

Monthly

Credit Rating

A-/CARE

FAQs about MUTHOOT MICROFIN LIMITED bonds

How to buy this MUTHOOT MICROFIN LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy MUTHOOT MICROFIN LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this MUTHOOT MICROFIN LIMITED bond?

10.4505% is the current yield of this MUTHOOT MICROFIN LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this MUTHOOT MICROFIN LIMITED bond is 10.4505%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this MUTHOOT MICROFIN LIMITED bond?

To redeem this MUTHOOT MICROFIN LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this MUTHOOT MICROFIN LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOT MICROFIN LIMITED bond tax-free?

No, this MUTHOOT MICROFIN LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this MUTHOOT MICROFIN LIMITED bond before the maturity date?

Yes, it is possible to sell this MUTHOOT MICROFIN LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

Note to Investors

GoldenPi Securities Pvt. Ltd. (“GSPL”) is a wholly owned subsidiary of GoldenPi Technologies Pvt. Ltd. (“GTPL”) and is a SEBI registered broker under BSE new debt segment allowing investors to trade in secondary bonds & debentures through exchange.

Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
Investors can update their email id and mobile number with their stock broker / depository participant and receive OTP directly from the depository on email id and/or mobile number to create a pledge. Investors can check their securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

The FAQs on the platform are exclusively for educational information/knowledge and do not influence the investment/sale decisions of any investors.As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor. https://www.bseipf.com/investors_education.html
We believe that an educated investor is a protected investor !!!

The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker.

We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.

Fixed Deposits are offered in the capacity of a distributor and all disputes with respect to distribution activity, would not have access to exchange investor redressal forum or arbitration mechanism.

Attention Investors - Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors

Filling complaints on SMARTODR & SCORES - Easy & Quick

a. Register on the portal | b. Mandatory details for register and filing complaints - Name, PAN, Address, Mobile Number, E-mail ID | c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances | d. Complaints against the companies shall be subject to the SMARTODR/SCORES guidelines

GoldenPi Securities Pvt Ltd (“GSPL”) | SEBI Registration No.: INZ000310732 | BSE Member ID : 6809

Compliance Officer: Ekta Sheth, Tel. No.: 080-45685666, Email ID: grievance-gspl@goldenpi.com (for any compliance & grievance related complaints)

Directors: Abhijit Roy, Samir Baran Pratihar, Naveen Subbarao | Email: contact-us@goldenpi.com

Cashflow Timeline for Early Sell Option

Timeline

Total Receivable*

Net Receivable**

2026

₹ 1,06,621.71

₹ 1,05,959.54

31 Jan	Interest ₹ 832.33	Interest ₹ 749.1
28 Feb (Part Maturity)	Interest ₹ 751.78 + ₹ 12,500 (12.5% of Principal)	Interest ₹ 676.6 + ₹ 12,500 (12.5% of Principal)
31 Mar	Interest ₹ 728.29	Interest ₹ 655.46
30 Apr	Interest ₹ 704.79	Interest ₹ 634.32
31 May (Part Maturity)	Interest ₹ 728.29 + ₹ 12,500 (12.5% of Principal)	Interest ₹ 655.46 + ₹ 12,500 (12.5% of Principal)
30 Jun	Interest ₹ 604.11	Interest ₹ 543.7
31 Jul	Interest ₹ 624.25	Interest ₹ 561.82
31 Aug (Part Maturity)	Interest ₹ 624.25 + ₹ 12,500 (12.5% of Principal)	Interest ₹ 561.82 + ₹ 12,500 (12.5% of Principal)
30 Sep	Interest ₹ 503.42	Interest ₹ 453.08
31 Oct (Early Sell Option)	Interest ₹ 520.21 + ₹ 62,500 (62.5% of Principal)	Interest ₹ 468.19 + ₹ 62,500 (62.5% of Principal)

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 9.8%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

Ratio Analysis

About Issuer