MUTHOOT FINCORP LIMITED Coupon 9.4% | NBFC Retail Bond

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Returns (YTM)

9.34%

Min. Investment

₹ 1,01,633.06

Remaining Tenure

2Y 10M 2Days

Payment Terms

Yearly

Highlights

Credit Rating

CRISIL AA-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

Extensive Branch Network: Operates over 3,700 branches across India, enhancing customer reach.

Diversified Product Portfolio: Offers gold loans, two-wheeler finance, microfinance, housing finance, and small business loans.

Adequate Capitalization: Net worth stood at ₹4,264 crore as of June 30, 2023, with a capital adequacy ratio above regulatory requirements.

Improved Profitability: Achieved a net profit of ₹198.17 crore in Q2 FY2024, marking a 118.02% year-on-year increase.

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.65

Net NPA

Good

Benchmark: Lower than 3%

20.02

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

2.94

Operating Cash Flow to Equity Ratio

Good

Benchmark: Maximum 12 times

-0.06

Operating Cash Flow to Debt Ratio

Risky

Benchmark: Higher the ratio better it is.

1.31

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

MUTHOOT FINCORP LIMITED

Muthoot Fincorp Limited is a leading non-banking financial company (NBFC) in India and a flagship entity of the Muthoot Pappachan Group.

It primarily focuses on gold loans for the underserved and unbanked population. As of March 31, 2025, the company reported a standalone net worth of ?2,843.76 crore and maintained a strong capital adequacy ratio of 23.71%. Its gold loan AUM stood at ?28,509 crore, forming 55% of the group’s total AUM.

Muthoot Fincorp also has diversified exposure across microfinance (?12,356 crore), vehicle finance (?3,058 crore), and housing finance (?2,557 crore), with operations spread across 3,600+ branches in India.

Total Annual Revenue

4015.77 Cr (FY 24)

Year of Inception

1997

Industry

NBFC Retail

Head Office

TRIVANDRUM

Type of Issuer

Corporate

Current MD/CEO

Mr. Thomas John Muthoot

Credit Rating / Outlook

AA- STABLE

CRISIL

Rating Rationale

Rating Date: 06-Jun-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 AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very 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

MUTHOOT FINCORP LIMITED

Security Name

9.4% MUTHOOT FINCORP LIMITED Secured Rated Listed NCD Maturity 1-Aug-2028

ISIN

Copy

INE549K07GZ8

Face Value

₹ 1,00,000

Coupon Rate

9.4%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

1-Aug-2028

Clean Price

₹ 100.06

Dirty Price

₹ 101.63

Current Yield

9.3942%

Yield to Maturity

9.3412%

Mode of Issue

Private Placement

Date of Issue

1-Aug-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Vardhman Trusteeship Private Limited

The Capital, A Wing, 412A, Bandra Kurla Complex, Bandra (East), Mumbai-400051

Registrar Details

Integrated Registry Management Services Private Limited

2nd Floor, “Kences Towers”, No. 1 Ramakrishna Street, North Usman Road, T Nagar, Chennai – 600017

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: Integrated Registry Management Services Private Limited 2nd Floor, “Kences Towers”, No. 1 Ramakrishna Street, North Usman Road, T Nagar, Chennai – 600017

Unit

Investment Amount

₹ 1,01,633.06

Total Returns

₹ 26,566.94

Total Receivable

₹ 1,28,200

Cashflow Timeline

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MUTHOOT FINCORP LIMITED

Min Investment

₹ 1,01,034.09

Returns

10.7%

Payout

Monthly

Credit Rating

AA-/CRISIL

MUTHOOT FINCORP LIMITED

Min Investment

₹ 5,07,227.91

Returns

10.37%

Payout

Monthly

Credit Rating

AA-/CRISIL

MUTHOOT FINCORP LIMITED

Min Investment

₹ 1,01,265.52

Returns

10.53%

Payout

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Credit Rating

AA/BWR

FAQs about MUTHOOT FINCORP LIMITED bonds

How to buy this MUTHOOT FINCORP LIMITED bond online?

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

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What is the yield of this MUTHOOT FINCORP LIMITED bond?

9.3412% is the current yield of this MUTHOOT FINCORP 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 FINCORP LIMITED bond is 9.3412%, 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 FINCORP LIMITED bond?

To redeem this MUTHOOT FINCORP 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 FINCORP LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this MUTHOOT FINCORP LIMITED bond tax-free?

No, this MUTHOOT FINCORP 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 FINCORP LIMITED bond before the maturity date?

Yes, it is possible to sell this MUTHOOT FINCORP 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

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Cashflow Timeline

Timeline	Total Receivable*	Net Receivable**
01 Aug , 2026	Interest ₹ 9,400	Interest ₹ 8,460
01 Aug , 2027	Interest ₹ 9,400	Interest ₹ 8,460
01 Aug , 2028	Interest ₹ 9,400 + ₹ 1,00,000 (100% of Principal)	Interest ₹ 8,460 + ₹ 1,00,000 (100% of Principal)

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 9.4%.

** 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

MUTHOOT FINCORP LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MUTHOOT FINCORP LIMITED bond online?

What is the yield of this MUTHOOT FINCORP LIMITED bond?

Is it safe to invest in bonds?

How to redeem this MUTHOOT FINCORP LIMITED bond?

Is this MUTHOOT FINCORP LIMITED bond tax-free?

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

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Cashflow Timeline