Muthoot Finance vs Manappuram Finance vs IIFL Finance: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Muthoot Finance PE 9.90, mkt cap Rs 1,13,415 crore. Manappuram Finance PE 20.75, mkt cap Rs 29,998 crore. IIFL Finance PE 11.68, mkt cap Rs 26,347 crore.
Quick Answer
Muthoot Finance vs Manappuram Finance vs IIFL Finance is a side-by-side comparison of three companies from the Gold Loan NBFC space. On this comparison, Muthoot Finance carries a market capitalisation of about Rs 1,13,415 crore against Rs 29,998 crore for Manappuram Finance and Rs 26,347 crore for IIFL Finance, with return on equity of 28.01%, 6.25% and 11.93% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Muthoot Finance vs Manappuram Finance vs IIFL Finance starts with the core numbers most investors compare within the Gold Loan NBFC segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Gold Loan NBFC bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Muthoot Finance, Manappuram Finance and IIFL Finance: Company Overview
Muthoot Finance is a listed Indian company in the Gold Loan NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Manappuram Finance is a listed Indian company in the Gold Loan NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
IIFL Finance is a listed Indian company in the Gold Loan NBFC space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Muthoot Finance vs Manappuram Finance vs IIFL Finance: Valuation and Profitability Snapshot
| Metric | Muthoot Finance | Manappuram Finance | IIFL Finance |
|---|---|---|---|
| Market Cap (approx.) | Rs 1,13,415 crore | Rs 29,998 crore | Rs 26,347 crore |
| PE Ratio (TTM) | 9.90 | 20.75 | 11.68 |
| PB Ratio | 2.79 | 1.94 | 1.89 |
| Return on Equity (ROE) | 28.01% | 6.25% | 11.93% |
| EPS (TTM, Rs) | 285.39 | 15.39 | 52.85 |
| Dividend Yield | 1.06% | 0.63% | 0.65% |
| Debt to Equity | 4.02 | 3.60 | 5.01 |
| Book Value per Share (Rs) | 1011.33 | 165.04 | 326.15 |
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On valuation, Muthoot Finance trades at a PE of 9.90 and a PB of 2.79, Manappuram Finance at a PE of 20.75 and a PB of 1.94, while IIFL Finance trades at a PE of 11.68 and a PB of 1.89. On return on equity, the three post 28.01%, 6.25% and 11.93% respectively, and on dividend yield they stand at 1.06%, 0.63% and 0.65%.
Muthoot Finance vs Manappuram Finance vs IIFL Finance: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Muthoot Finance | Rs 8,694.81 crore | Rs 2,824.84 crore | +34.5% | -6.4% |
| Manappuram Finance | Rs 3,040.33 crore | Rs 584.77 crore | +34.2% | +15.8% |
| IIFL Finance | Rs 3,921.88 crore | Rs 713.13 crore | +32.5% | +6.0% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three gold loan nbfc names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Muthoot Finance vs Manappuram Finance vs IIFL Finance highlights how differently three companies in the same gold loan nbfc segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Muthoot Finance vs Manappuram Finance vs IIFL Finance
What is the market cap difference between Muthoot Finance, Manappuram Finance and IIFL Finance?
Ans. As of September 2026, Muthoot Finance has a market cap of approximately Rs 1,13,415 crore, Manappuram Finance is at approximately Rs 29,998 crore, and IIFL Finance is at approximately Rs 26,347 crore.
Which of the three has the highest PE ratio?
Ans. Among Muthoot Finance, Manappuram Finance and IIFL Finance, the PE ratios stand at 9.90, 20.75 and 11.68 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Muthoot Finance, Manappuram Finance and IIFL Finance post ROE of 28.01%, 6.25% and 11.93% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Muthoot Finance, Manappuram Finance and IIFL Finance carry dividend yields of 1.06%, 0.63% and 0.65% respectively.
What is the debt to equity ratio for Muthoot Finance, Manappuram Finance and IIFL Finance?
Ans. Muthoot Finance carries a debt to equity of 4.02, Manappuram Finance of 3.60, and IIFL Finance of 5.01.
Which of the three trades at the highest price to book value?
Ans. Muthoot Finance, Manappuram Finance and IIFL Finance trade at price to book ratios of 2.79, 1.94 and 1.89 respectively.
Is one of Muthoot Finance, Manappuram Finance or IIFL Finance better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
