Muthoot Finance Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing a Muthoot Finance target price for 2027 should start with where the stock sits today. At Rs 2,624.70 on 9 October 2026, it is 36.7% below its 52-week high of Rs 4,149.50 and 2.5% above its 52-week low of Rs 2,559.60. That range spans 62% from low to high, so the entry point matters as much as the Muthoot Finance price forecast itself.

This article builds the Muthoot Finance share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 3,072 base case and the Rs 3,682 bull case were reached, along with a downside risk level of Rs 2,049.

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Muthoot Finance Stock Analysis: Company Overview and Key Stats

Muthoot Finance (NSE: MUTHOOTFIN) has a market capitalisation of Rs 1,02,816 crore. In FY26 it reported revenue of Rs 31,263 crore and net profit of Rs 10,607 crore. The table collects the figures the Muthoot Finance share price target is built on.

Metric	Value
Company	Muthoot Finance
NSE Ticker	MUTHOOTFIN
CMP (9 October 2026)	Rs 2,624.70
52-Week High	Rs 4,149.50
52-Week Low	Rs 2,559.60
Market Cap	Rs 1,02,816 crore
PE Ratio (TTM)	8.97
Industry PE	17.72
Price to Book	2.53
Return on Equity	28.01%
Debt to Equity	4.02
EPS (TTM)	Rs 285.39
Dividend Yield	1.17%
12-Month Base Target	Rs 3,072
Bull Case	Rs 3,682
Downside Risk Level (not a target)	Rs 2,049

Why Is Muthoot Finance Share Price Target Set at Rs 3,072 for 2027?

The base-case Muthoot Finance stock target of Rs 3,072 applies a PE multiple of 8.97 to a forward EPS estimate of Rs 342.47. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 17.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Muthoot Finance Target Price: Five Years of Results

Muthoot Finance grew revenue from Rs 12,238 crore in FY22 to Rs 31,263 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew faster, from Rs 4,031 crore to Rs 10,607 crore (27.4% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	12,238.16	4,031.32	100.05	20.00
FY23	11,975.00	3,669.77	89.98	22.00
FY24	15,162.74	4,467.59	107.71	24.00
FY25	20,265.09	5,352.36	132.83	26.00
FY26	31,263.41	10,606.87	263.79	30.00

FY26 revenue growth was 54.3%, faster than the four-year average of 26.4%, and net profit moved up 98.2%. EPS rose from Rs 107.71 in FY24 to Rs 263.79 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Muthoot Finance converted 33.9% of FY26 revenue into net profit, against 26.4% in FY25, within a five-year range of 26.4% to 33.9%. EBITDA margin was 81.4% in FY26 versus 73.0% in FY25.

In the June 2026 quarter, revenue was Rs 8,695 crore, up 34.5% from the same quarter a year earlier, while net profit of Rs 2,825 crore was up 43.1%. EBITDA came in at Rs 7,287 crore, up 44.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 4.02, and shareholders' equity grew from Rs 19,138 crore in FY22 to Rs 39,774 crore in FY26. Operating cash flow in FY26 was negative at Rs 47,393 crore against capital expenditure of Rs 152.73 crore, leaving negative free cash flow of Rs 47,545 crore. In FY25 free cash flow was negative at Rs 26,742 crore.

Valuation Check for the Muthoot Finance Stock Target: PE, Price to Book and ROE

At a PE of 8.97 against an industry PE of 17.72, Muthoot Finance trades at a discount to its industry. Price to book is 2.53 on a book value of Rs 1,011.33 per share, and return on equity is 28.01%. A PE of 8.97 equals an earnings yield of 11.1%, and the FY26 dividend of Rs 30.00 per share gives a yield of 1.17%.

Shareholding Pattern and Institutional Holding

Promoters held 73.35% of Muthoot Finance in June 2026, and promoter holding has stayed near 73.35% since June 2025. Foreign institutional investors (FII) held 11.61% and domestic institutions (DII) held 10.76%, which puts total institutional holding at 22.37%. FII holding rose from 10.84% in June 2025 to 11.61% in June 2026. Public shareholders own the remaining 4.29%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Muthoot Finance Share Price Targets for the Short Term and 12 Months

Short Term Muthoot Finance Stock Target Levels: Technical Setup

At Rs 2,624.70 on 9 October 2026, Muthoot Finance trades below its 50-day simple moving average of Rs 2,875.54 and below its 200-day exponential moving average of Rs 3,077.72. The 14-day RSI reads 27.5, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 2,875.54 (50-day simple moving average) and the nearest support is Rs 2,559.60 (52-week low). A sustained move above Rs 2,875.54 would improve the short-term setup, while a close below Rs 2,559.60 would shift attention to the next support.

12 Month Muthoot Finance Target Price for 2027

The 12-month target for Muthoot Finance is Rs 3,072: forward EPS of Rs 342.47 at a PE of 8.97. That is 17.0% above Rs 2,624.70. It would still leave the stock 26.0% below its 52-week high of Rs 4,149.50.

How EPS Growth and PE Multiple Change the Muthoot Finance Target Price

EPS Growth	PE 7.18	PE 8.97	PE 10.32
0.0% (EPS Rs 285.39)	Rs 2,049	Rs 2,560	Rs 2,945
20.0% (EPS Rs 342.47)	Rs 2,459	Rs 3,072	Rs 3,534
25.0% (EPS Rs 356.74)	Rs 2,561	Rs 3,200	Rs 3,682

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Muthoot Finance price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Muthoot Finance Stock Target in 2027

Bull Case Rs 3,682

The bull case Muthoot Finance price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 356.74, and a PE multiple that rises 15% to 10.32. That gives Rs 3,682, 40.3% above the current price and below the 52-week high of Rs 4,149.50.

Downside Risk Level Rs 2,049

The downside risk level is not a target. It assumes EPS stays flat at Rs 285.39 and the PE falls 20% to 7.18. That gives Rs 2,049, 21.9% below the current price and below the 52-week low of Rs 2,559.60.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	10.32	Rs 3,682	+40.3%
Base Case	20.0%	8.97	Rs 3,072	+17.0%
Downside Risk	0.0%	7.18	Rs 2,049	-21.9%

Key Risks to the Muthoot Finance Target Price for 2027

Growth Slowdown Risk for the Muthoot Finance Price Target

Revenue in the June 2026 quarter was up 34.5% year on year, and FY26 revenue growth was 54.3%. If growth slows from here, the EPS estimate behind the Muthoot Finance stock target will need revising.

Liquidity and Size Risk

Muthoot Finance has a market capitalisation of Rs 1,02,816 crore. Institutional holding is 22.37%, and promoters hold 73.35%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 33.9% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 8.97 versus an industry PE of 17.72, a de-rating toward the downside-risk PE of 7.18 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 36.7% below its 52-week high, with an RSI of 27.5 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Muthoot Finance

Start with the live price and volume. Any Muthoot Finance share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 2,624.70 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Muthoot Finance's PE, ROE, debt and shareholding in one place.

Check Muthoot Finance fundamentals on the Univest Screener

Then compare the three Muthoot Finance target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Muthoot Finance live price and get daily stock recommendations.

Conclusion

The Muthoot Finance share price target for 2027 is Rs 3,072 in the base case, with Rs 3,682 as the bull case. The support for that view is arithmetic you can check: EPS grew 56.5% a year over FY24 to FY26, and the stock trades at a PE of 8.97. The risks are equally concrete, including a stock that sits 36.7% below its 52-week high and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Muthoot Finance Share Price Target 2027

What is the Muthoot Finance share price target for 2027?

Ans. The base-case Muthoot Finance share price target for 2027 is Rs 3,072, with Rs 3,682 as the bull case. The downside risk level, which is not a target, is Rs 2,049. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Muthoot Finance share price today?

Ans. As of 9 October 2026, 3:30 PM IST, Muthoot Finance trades at Rs 2,624.70, up 2.54% on the day. The 52-week range is Rs 2,559.60 to Rs 4,149.50.

Is Muthoot Finance a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 56.5% a year over FY24 to FY26, but the stock is 36.7% below its 52-week high. Whether Muthoot Finance fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Muthoot Finance shares?

Ans. The bull case target is Rs 3,682, which assumes 25.0% EPS growth and a PE of 10.32. The downside risk level is Rs 2,049, which assumes flat EPS and a PE of 7.18. It marks a risk, not a target.

What are the main risks to the Muthoot Finance price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,02,816 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Muthoot Finance and how does it compare with the industry?

Ans. The PE ratio of Muthoot Finance is 8.97 against an industry PE of 17.72. Price to book is 2.53 and return on equity is 28.01%. The base case in the Muthoot Finance price target holds this PE constant.

Who owns Muthoot Finance, and what is the promoter holding?

Ans. Promoters held 73.35% of Muthoot Finance in June 2026. FII held 11.61%, DII held 10.76% and the public held 4.29%.

What were Muthoot Finance's latest quarterly results?

Ans. In the June 2026 quarter, Muthoot Finance reported revenue of Rs 8,695 crore (up 34.5% year on year) and net profit of Rs 2,825 crore (up 43.1%).