MUTHOOTTU MINI FINANCIERS LTD Coupon 9.25% | NBFC Retail Bond

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

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Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

Exclusive Webinar with CEO's on 'Gold Loan Backed NCDs Explained'

Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

Invest Now

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Returns (YTM)

11.27%

Min. Investment

₹ 48,916.11

Remaining Tenure

1Y 11M 18Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA A/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Established brand & experience: Over 60 years in gold loan business under the “Mini Muthoottu” brand.

Healthy scale: Loan portfolio of ₹4,141.6 Cr with 948 branches across 12 states/UTs (Mar-25).

Asset quality strong: GNPA 0.85% & NNPA 0.5% (Mar-25) vs 0.88% & 0.72% (Mar-24).

Secured portfolio: Focus on loans secured by gold ensures liquidity and collateral-backed lending. 92% portfolio is gold loan backed.

Earnings improving: Total income ₹815 Cr (FY25) vs ₹672 Cr (FY24); PAT ₹94 Cr (FY25) vs ₹78 Cr (FY24); RoMA improved to 2.0%.

Diversification in ticket size: 96% of gold loans are <₹3 lakh, aiding yields and margin stability.

Adequate liquidity: ₹234 Cr cash (Jun-25) vs upcoming obligations of ₹864 Cr (Jul–Sep 25), supported by ₹700 Cr average monthly collections.

Adequate Capitalization: Capital Adequacy Ratio (CAR) at 21.38% (Tier-I CAR at 16.14%) as of March 31, 2025.

Consistent and sustainable Loan growth over the years: AUM grew ~18% CAGR in 3 years to ₹4,100 Cr (Mar-25)

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.5

Net NPA

Good

Benchmark: Lower than 3%

21.38

Capital Adequacy Ratio

Good

Benchmark: Minimum 15%

3.88

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

1.24

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

1.9

Return on Assets

Good

Benchmark: Minimum 2%

12.56

Return on Equity

Good

Benchmark: Minimum 12%

Important disclaimer

About Issuer

MUTHOOTTU MINI FINANCIERS LTD

Muthoottu Mini Financiers Ltd., incorporated in 1998, is the flagship NBFC of the Muthoottu Group, a financial services conglomerate with a heritage of over six decades. Headquartered in Kerala and promoted by the 4th generation of the Muthoot family, the company has built its reputation as a specialist in gold loan financing, catering to salaried individuals and small income earners across India. As of March 2025, Muthoottu Mini manages an AUM of ?4107 Crs, serving more than 7.2 lakh customers through 948 branches across 12 states. With gold loans forming over 92% of its portfolio, the company ensures a secure and stable lending model, reflected in its strong asset quality (NNPA ~0.50%). Its consistent growth, sound governance, and long-term vision are further supported by strong banking partnerships with some of India’s leading institutions like SBI, PNB, Bank of Baroda, HDFC Bank, IDFC First Bank, Federal Bank, Bandhan Bank, IndusInd Bank, IDBI, Tata Capital, Oxyzo and many more.

Total Annual Revenue

Rs 815.1Cr (FY 2025)

Year of Inception

1998

Industry

NBFC Retail

Head Office

KOCHI

Type of Issuer

Corporate

Current MD/CEO

Mr Mathew Muthoottu

Credit Rating / Outlook

A STABLE

ICRA

Rating Rationale

Rating Date: 27-Mar-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.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

MUTHOOTTU MINI FINANCIERS LTD

Security Name

9.25% MUTHOOTTU MINI FINANCIERS LTD Secured Rated Listed NCD Maturity 29-Aug-2027

ISIN

Copy

INE101Q07BL6

Face Value

₹ 1,000

Coupon Rate

9.25%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

29-Aug-2027

Clean Price

₹ 97.4

Dirty Price

₹ 97.83

Current Yield

9.4968%

Yield to Maturity

11.2737%

Mode of Issue

Public Placement

Date of Issue

29-Aug-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

MITCON CREDENTIA TRUSTEESHIP SERVICES LIMITED

1402/1403, B-Wing, Dalamal Towers, 14th Floor, Free Press Journal Marg, 211, Nariman Point, Mumbai 400021,Maharashtra, India

Registrar Details

MUFG Intime India Private Limited (formerly known as Link Intime Pvt Ltd.)

C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West Mumbai 400083, Maharashtra, India

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: MUFG Intime India Private Limited (formerly known as Link Intime Pvt Ltd.) C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West Mumbai 400083, Maharashtra, India

Units

Investment Amount

₹ 48,916.11

Total Returns

₹ 10,333.9

Total Receivable

₹ 59,250.01

Cashflow Timeline

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FAQs about MUTHOOTTU MINI FINANCIERS LTD bonds

How to buy this MUTHOOTTU MINI FINANCIERS LTD bond online?

You can invest in bonds online in under 5 minutes. To buy MUTHOOTTU MINI FINANCIERS LTD bond online follow the steps below:

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What is the yield of this MUTHOOTTU MINI FINANCIERS LTD bond?

11.2737% is the current yield of this MUTHOOTTU MINI FINANCIERS LTD 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 MUTHOOTTU MINI FINANCIERS LTD bond is 11.2737%, 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 MUTHOOTTU MINI FINANCIERS LTD bond?

To redeem this MUTHOOTTU MINI FINANCIERS LTD 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 MUTHOOTTU MINI FINANCIERS LTD bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOTTU MINI FINANCIERS LTD bond tax-free?

No, this MUTHOOTTU MINI FINANCIERS LTD 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 MUTHOOTTU MINI FINANCIERS LTD bond before the maturity date?

Yes, it is possible to sell this MUTHOOTTU MINI FINANCIERS LTD 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

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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2025

₹ 1,191.1

₹ 1,071.99

01 Oct	Interest ₹ 418.15	Interest ₹ 376.33
01 Nov	Interest ₹ 392.81	Interest ₹ 353.53
01 Dec	Interest ₹ 380.13	Interest ₹ 342.12

2026

₹ 4,625.01

₹ 4,162.5

2027

₹ 53,433.91

₹ 53,090.52

* The interest amount is paid as per total invested face value (₹ 1000) and annual coupon rate of 9.25%.

** 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

MUTHOOTTU MINI FINANCIERS LTD

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MUTHOOTTU MINI FINANCIERS LTD bond online?

What is the yield of this MUTHOOTTU MINI FINANCIERS LTD bond?

Is it safe to invest in bonds?

How to redeem this MUTHOOTTU MINI FINANCIERS LTD bond?

Is this MUTHOOTTU MINI FINANCIERS LTD bond tax-free?

Can I sell this MUTHOOTTU MINI FINANCIERS LTD bond before the maturity date?

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Cashflow Timeline