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Gold-loan NBFC Historical case study · data as of 07 Jul 2026 · published 10 Oct 2026 (95 days later)

Muthoot Finance — 100-point case study

How Muthoot Finance looked on 50 technical and 50 fundamental measures on 07 Jul 2026 — and what happened over the next three months. Education only; not a current view.

Codes	NSE: MUTHOOTFIN · BSE: 533398
Close on 07 Jul 2026	₹3,124.50
Market cap then	₹1,25,356 crore
Valuation	P/E 11.8× · P/B 3.20×
Momentum	RSI (14) 50 · 1-year return +17.4%
Next 3 months	-16.0% vs Nifty 50 -7.7% (to 09 Oct 2026)

Scorecard

Technical — 50 points

8 bullish · 23 neutral · 0 caution · 18 bearish — the picture leaned negative.

Fundamental — 50 points

14 bullish · 30 neutral · 4 caution · 1 bearish — the picture leaned positive.

Price chart

Close (to snapshot) Close (after) 50-day avg 200-day avg Support Resistance

Data note: Prices come from equitypandit.com (cross-checked with Yahoo and stockanalysis.com) and are not dividend-adjusted. Lender metrics come from the company's results releases; NIM and NPA for Q4 FY26 were not reported in the release and show as n/a. AUM growth is shown in place of advances growth.

Technical analysis — 50 points

Calculated by code from daily prices up to 07 Jul 2026. Standard formulas (RSI, MACD, ADX use Wilder smoothing).

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Trend

#	Point	Reading	Tag	Commentary
1	Short-term trend (20 days)	slope +0.04%/day	Neutral	Over the last 20 sessions the regression line of closing prices was rising about 0.04% a day — a flat, sideways phase. Bullish slope above +0.10% a day (short-term uptrend) · Bearish slope below –0.10% a day (short-term downtrend) · Neutral between the two: a flat, sideways phase.
2	Medium-term trend (~5 months)	3M return -1.7%	Bearish	The 100-session trend line was down (-0.15%/day) and the stock was -1.7% over three months, so the medium-term picture was bearish. Bullish slope above +0.05% a day · Bearish slope below –0.05% a day · Neutral in between.
3	Long-term trend (1 year)	1Y return +17.4%	Bullish	Compared with a year earlier the price was +17.4%. A strong positive year. Bullish up more than 10% in a year · Bearish down more than 10% in a year · Neutral between –10% and +10%.
4	Weekly chart trend	10W 3,200.63 / 30W 3,443.30	Bearish	On the weekly chart the stock showed a weekly close below the 10-week average, which sat below the 30-week. Bullish weekly close above the 10-week average, which is above the 30-week · Bearish weekly close below the 10-week average, which is below the 30-week · Neutral when they are tangled.
5	Swing structure (highs/lows)	last highs 3,388.90→3,227.00; lows 3,236.00→2,822.60	Bearish	The two most recent swing points showed lower swing highs and lower swing lows — classic downtrend structure. Bullish higher highs and higher lows (uptrend structure) · Bearish lower highs and lower lows (downtrend structure) · Neutral when one is higher and the other lower.
6	ADX (14) — trend strength	19.8	Neutral	ADX at 19.8 signals a weak or absent trend (below 20) — range-bound conditions. ADX measures strength only, not direction. Bullish ADX 20 or more with +DI above –DI (a real trend, pointing up) · Bearish ADX 20 or more with –DI above +DI (a real trend, pointing down) · Neutral below 20: no clear trend. 20–30 is a moderate trend, above 30 a strong one.
7	+DI vs –DI	+DI 22.4 / –DI 24.8	Bearish	–DI was above +DI: sellers had the upper hand in directional movement. Bullish +DI above –DI · Bearish –DI above +DI · No neutral zone for this point.

B. Moving averages

#	Point	Reading	Tag	Commentary
8	Price vs 20-day SMA	3,066.97 (+1.9%)	Bullish	Close of 3,124.50 was 1.9% above the 20-day SMA — the short-term trend filter was positive. Bullish close above the average · Bearish close below the average · No neutral zone.
9	Price vs 50-day SMA	3,245.05 (-3.7%)	Bearish	Close of 3,124.50 was 3.7% below the 50-day SMA — the medium-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
10	Price vs 200-day SMA	3,436.39 (-9.1%)	Bearish	Close of 3,124.50 was 9.1% below the 200-day SMA — the long-term trend filter was negative. Bullish close above the average · Bearish close below the average · No neutral zone.
11	9 / 21 EMA crossover	9E 3,066.92 / 21E 3,098.61	Bearish	The 9-day EMA was below the 21-day EMA; the last crossover happened on 15 May 2026. Bullish 9-day above 21-day · Bearish 9-day below 21-day · No neutral zone.
12	Golden / death cross (50 vs 200)	last death cross 03 Jun 2026	Bearish	The 50-day average was 5.6% below the 200-day. The most recent signal was a death cross on 03 Jun 2026. Bullish 50-day above 200-day (after a “golden cross”) · Bearish 50-day below 200-day (after a “death cross”) · No neutral zone.
13	50-day SMA slope	-4.0% in 20 sessions	Bearish	The 50-day average fell 4.0% over the past month — declining. Bullish rose more than 0.5% · Bearish fell more than 0.5% · Neutral in between: flattening.
14	MA ribbon alignment	3,067 / 3,245 / 3,344 / 3,436	Bearish	The 20/50/100/200-day averages were perfectly stacked bearish (20 < 50 < 100 < 200). Bullish neatly stacked 20 > 50 > 100 > 200 · Bearish neatly stacked 20 < 50 < 100 < 200 · Neutral when tangled (a transition or range).
15	Monthly anchored VWAP	3,047.76 (+2.5%)	Bullish	Anchored to the start of July, the volume-weighted average price was 3,047.76; the close was above it — buyers that month were on average in profit. Bullish close above VWAP (that month’s buyers on average in profit) · Bearish close below VWAP · No neutral zone.

C. Momentum

#	Point	Reading	Tag	Commentary
16	RSI (14)	50.2	Neutral	RSI at 50.2 was in the neutral 45–55 zone. Bullish RSI 55–70 (positive momentum, not stretched) · Bearish RSI 30–45 (soft momentum) · Neutral 45–55. Caution at 70 or above (overbought) or 30 or below (oversold).
17	RSI divergence (last 40 days)	none	Neutral	Comparing the last 20 sessions with the 20 before: no divergence — RSI moved in line with price. Bullish bullish divergence: price made a lower low but RSI a higher low · Caution for a bearish divergence (price higher high, RSI lower high). Neutral when RSI moved in line with price.
18	MACD line vs signal	MACD -47.28 / signal -61.36	Bullish	MACD was above its signal line — momentum turning or staying positive. Bullish MACD above signal · Bearish MACD below signal · No neutral zone.
19	MACD histogram (5-day change)	-7.18 → 14.08	Bullish	The histogram rose over the last five sessions, meaning momentum was improving. Bullish histogram rising (momentum improving) · Bearish histogram falling (momentum weakening) · No neutral zone.
20	MACD vs zero line	-47.28	Bearish	MACD below zero means the 12-day EMA was below the 26-day EMA — a negative momentum regime. Bullish MACD above zero · Bearish MACD below zero · No neutral zone.
21	Stochastic (14,3,3)	%K 62.6 / %D 45.2	Bullish	Slow stochastic at 62.6 was mid-range with %K above %D. Bullish between 20 and 80 with %K above %D · Bearish between 20 and 80 with %K below %D · Caution above 80 (overbought) or below 20 (oversold).
22	Williams %R (14)	-31.6	Neutral	%R of -31.6 put the close in the middle of its 14-day range. How to read: Caution above –20 (near the top) or below –80 (near the bottom). Neutral in the middle. This point is never tagged Bullish or Bearish.
23	CCI (20)	45	Neutral	CCI at 45 was within the normal ±100 band. Bullish above +100 (unusually strong upward move) · Bearish below –100 (unusually strong downward move) · Neutral within ±100.
24	Rate of change (10-day)	-2.8%	Bearish	Price changed -2.8% over ten sessions. Bullish up more than 2% · Bearish down more than 2% · Neutral between –2% and +2%.

D. Volatility

#	Point	Reading	Tag	Commentary
25	Bollinger Band position (%B)	%B 0.64 (bands 2,861.95–3,271.99)	Neutral	%B of 0.64 — inside the bands, upper half. How to read: Caution above 1 or below 0 (outside the bands — an overextended move). Neutral inside the bands.
26	Bollinger width / squeeze	width 13.4% (47th pct of 6M)	Neutral	Band width was at the 47th percentile of the last six months, a normal level. How to read: Caution when the width is in the lowest 15% of six months (a “squeeze” that often comes before a bigger move, direction unknown). Neutral otherwise.
27	ATR (14)	₹98.70 (3.2% of price)	Neutral	A typical day's range was about ₹98.70, or 3.2% of the price — useful for judging how much 'normal noise' to expect. How to read: Information only. A higher % means bigger normal daily swings.
28	Historical volatility (30-day)	38.3% vs 1Y 36.6%	Neutral	Annualised 30-day volatility was 38.3%, close to the one-year level of 36.6%. How to read: Caution when 30-day volatility is more than 1.25× the one-year level. Neutral otherwise.
29	Keltner Channel (20, 2×ATR)	2,900.39–3,289.37	Neutral	The close was inside the channel, so no volatility breakout. Bullish close above the upper channel (strong upward push) · Bearish close below the lower channel · Neutral inside the channel.
30	Beta vs Nifty 50 (1Y daily)	1.32	Neutral	A beta of 1.32 means the stock tended to move more than the Nifty 50 day to day. How to read: Information only. Above 1.1 moves more than the market, below 0.9 less, around 1 in line.

E. Volume & money flow

#	Point	Reading	Tag	Commentary
31	Volume vs 20-day average	last day 0.75× / 5-day 1.18×	Neutral	The final session traded 0.75× its 20-day average volume and the last five sessions averaged 1.18× — normal participation. How to read: Information only. Above 1.2× is heavier than usual participation, below 0.8× lighter.
32	Up-day vs down-day volume (20d)	ratio 0.71	Bearish	Average volume on up days was 0.71× that on down days — distribution-leaning. Bullish ratio above 1.15 (accumulation-leaning) · Bearish ratio below 0.85 (distribution-leaning) · Neutral between 0.85 and 1.15.
33	On-Balance Volume (20d)	OBV falling	Bearish	OBV fell over the month while price rose — volume diverged from price. Bullish OBV rising · Bearish OBV falling · No neutral zone.
34	Accumulation/Distribution line	rising (20d)	Bullish	The A/D line rose, meaning closes tended to be in the upper part of daily ranges on meaningful volume. Bullish A/D line rising · Bearish A/D line falling · No neutral zone.
35	Chaikin Money Flow (20)	0.12	Bullish	CMF at +0.12 indicated net inflows. Bullish above +0.05 (net inflows) · Bearish below –0.05 (net outflows) · Neutral between –0.05 and +0.05.
36	Money Flow Index (14)	39.6	Bearish	MFI, a volume-weighted RSI, was 39.6. Bullish MFI 55–80 · Bearish MFI 20–45 · Neutral 45–55. Caution above 80 (overbought) or below 20 (oversold).
37	Liquidity (avg daily turnover)	₹344 cr/day	Neutral	About ₹344 crore changed hands per day on average over 20 sessions — liquid. How to read: Information only. Above ₹500 crore a day is highly liquid, above ₹50 crore liquid, below that moderately liquid.

F. Price levels

#	Point	Reading	Tag	Commentary
38	Support levels (S1/S2/S3)	3,082.02 / 2,902.30 / 2,822.60	Neutral	Nearest support (prior swing lows) sat at 3,082.02, 1.4% below the close, then 2,902.30, 2,822.60. How to read: Information only. Levels to watch, not good or bad.
39	Resistance levels (R1/R2/R3)	3,240.03 / 3,371.83 / 3,593.12	Neutral	Nearest resistance (prior swing highs) sat at 3,240.03, 3.7% above the close, then 3,371.83, 3,593.12. How to read: Information only.
40	Monthly pivot points (for next month)	P 3,059.27 \| R1 3,216.23 \| S1 2,967.53	Neutral	Classic pivots from July's high/low/close gave a pivot of 3,059.27; the close was above it. How to read: Information only.
41	Fibonacci retracement (6M swing)	23.6% 3,136 \| 38.2% 3,329 \| 50.0% 3,486 \| 61.8% 3,643	Neutral	Measuring the 6-month fall from 4,149.50 to 2,822.60, the close was nearest the 23.6% retracement at 3,135.75. How to read: Information only.
42	52-week high / low	H 4,149.50 / L 2,476.60	Neutral	The close was 24.7% below the 52-week high and 26.2% above the 52-week low. Bullish within 5% of the 52-week high · Bearish within 5% of the 52-week low · Neutral in between.
43	Unfilled price gaps (6M)	2 open; latest gap-up 03 Jul at 3,001.00	Neutral	There were 2 unfilled gap(s). The latest, a gap-up on 03 Jul 2026, left an open level at 3,001.00 that price had not revisited. How to read: Information only.

G. Patterns

#	Point	Reading	Tag	Commentary
44	Price structure / chart pattern	counter-trend bounce inside a larger downtrend	Neutral	Rule-based pattern scan: counter-trend bounce inside a larger downtrend. (Classical patterns like head-and-shoulders are judgement calls; we report only what the rules detect.) Bullish rising channel (both trends up) · Bearish falling channel (both trends down) · Neutral for tight consolidation, a bounce in a downtrend, a pullback in an uptrend, or a sideways range.
45	Breakout / breakdown (20-day)	range 2,822.60–3,227.00	Neutral	The close was inside the prior 20-day range of 2,822.60–3,227.00. Bullish close above the 20-day high (breakout) · Bearish close below the 20-day low (breakdown) · Neutral inside the range.
46	Latest candlestick	Ordinary red candle	Neutral	On 07 Jul the candle opened 3,137.60, ranged 3,081.70–3,151.00 and closed 3,124.50: Ordinary red candle. Single candles are weak signals on their own. Bullish hammer, bullish engulfing or bullish marubozu · Bearish shooting star, bearish engulfing or bearish marubozu · Neutral for a doji, inside bar or ordinary candle. Single candles are weak signals.
47	Ichimoku Cloud	cloud 3,360.30–3,376.72; Tenkan 3,026.65 / Kijun 3,078.30	Bearish	Price was below the cloud and the Tenkan line was below the Kijun line — a bearish Ichimoku setup. Bullish close above the cloud · Bearish close below the cloud · Neutral inside the cloud.

H. Relative strength & summary

#	Point	Reading	Tag	Commentary
48	Relative strength vs Nifty 50	1M -5.3% / 3M -9.1%	Bearish	The stock underperformed the Nifty 50 by 9.1 points over three months and underperformed by 5.3 points over one month. Bullish ahead of the Nifty 50 by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
49	Relative strength vs Nifty 50 (6M)	6M -11.8%	Bearish	No sector index in today's data set, so we show the 6-month comparison instead: 11.8 points behind the Nifty 50. Bullish ahead by more than 2 points · Bearish behind by more than 2 points · Neutral within ±2 points.
50	Technical summary	8 bullish · 18 bearish · 23 neutral · 0 caution	Bearish	Across the 49 readings the technical picture leaned negative. Levels that mattered: support 3,082.02, resistance 3,240.03. This is a description of the chart on 07 Jul 2026, not a forecast. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The chart is called positive when bullish tags beat bearish ones by 5 or more, negative when bearish tags beat bullish ones by 5 or more, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 5 or more (“positive”) · Bearish bearish tags beat bullish ones by 5 or more (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

Fundamental analysis — 50 points

Uses only results published by 07 Jul 2026: FY26 annual (Apr 2025–Mar 2026), the Jan–Mar 2026 quarter and the Mar 2026 shareholding. ₹ crore, consolidated unless stated. Valuation uses the 07 Jul 2026 close.

How to read the tags. Each of the 50 points gets one tag. Bullish the reading was favourable. Bearish the reading was unfavourable. Neutral the reading was in a normal range, or gave no clear message. Caution a warning sign or an unusual reading that deserves a closer look. Point 50 counts the other 49 tags. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Under each point you will see what reading earns which tag. Tags describe the data on the snapshot date. They are not signals to buy or sell. Full guide to all 100 points →

A. Valuation

#	Point	Reading	Tag	Commentary
1	P/E (trailing 12 months)	11.8×	Neutral	At ₹3,124.50 the market valued the company at about ₹1,25,356 crore, or 11.8× the ₹10,606 crore profit of the four quarters to Mar 2026. That is a low multiple in absolute terms. How to read: Information only. Below 15 is a low multiple, 15–30 moderate, above 30 a premium (the market expects growth). Compare with peers and the company’s own history.
2	Price / Book	3.20×	Neutral	Market cap was 3.20× the Mar 2026 book value (equity + reserves) of ₹39,130 crore. For a bank, P/B is the main valuation yardstick. How to read: Information only. Main yardstick for banks; asset-light businesses usually trade at high P/B.
3	Price / Revenue (interest earned)	4.02×	Neutral	Market cap was 4.02× trailing-12-month revenue (mainly interest earned) of ₹31,210 crore. How to read: Information only.
4	Profit / Book (earnings power)	27.1%	Neutral	Trailing profit was 27.1% of book value — the return the bank was generating on the equity investors were paying 3.20× for. How to read: Information only.
5	Earnings yield	8.5%	Neutral	The inverse of P/E: each ₹100 invested bought about ₹8.5 of annual earnings. Investors often compare this with the ~6–7% yield on 10-year government bonds. How to read: Information only. Often compared with the ~6–7% yield on 10-year government bonds.
6	PEG (P/E ÷ 3-yr profit CAGR)	0.28	Caution	P/E of 11.8 divided by 3-year profit growth of 42.4% a year gives a PEG of 0.28. Below 1 is often read as growth being cheaply priced; above 2 as expensive. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish below 1 (growth cheaply priced) · Bearish above 2 (growth expensively priced) · Neutral 1–2, or when profit did not grow (not meaningful).
7	Dividend yield (trailing 12M)	0.96%	Neutral	Dividends with ex-dates in the 12 months to the snapshot totalled ₹30 a share, a 0.96% yield on the ₹3,124.50 price. Bullish above 3% · Neutral at 3% or less. Never tagged Bearish.
8	Market capitalisation	₹1,25,356 cr	Neutral	At about ₹1.25 lakh crore the company was a large-cap. How to read: Information only. Above ₹1 lakh crore large-cap, ₹30,000 crore–₹1 lakh crore mid-cap, below that small-cap (our rule of thumb).
9	Graham number vs price	₹2,408.56 vs ₹3,124.50	Neutral	Benjamin Graham's conservative fair-value yardstick √(22.5 × EPS × book value per share) came to ₹2,408.56; the price was 30% above it. Quality franchises usually trade above this number. Bullish price below the Graham number · Neutral when the price is above it (most quality companies are).

B. Growth

#	Point	Reading	Tag	Commentary
10	Revenue growth FY26 (YoY)	+54.4%	Bullish	Revenue (interest earned) for FY26 was ₹31,209 crore, +54.4% versus FY25. Bullish above 10% · Bearish below 0% (revenue fell) · Neutral 0–10%.
11	Q4 FY26 revenue growth (YoY)	+65.2%	Bullish	The Jan–Mar 2026 quarter brought ₹9,289 crore of revenue, +65.2% on the same quarter a year earlier. Bullish above 10% · Bearish below 0% · Neutral 0–10%.
12	Net profit growth FY26 (YoY)	+98.2%	Bullish	FY26 net profit was ₹10,607 crore, +98.2% on FY25's ₹5,352 crore. Bullish above 10% · Bearish below 0% · Neutral 0–10%. Caution if a one-off item distorted the figure.
13	Q4 FY26 profit growth (YoY)	+135.2%	Bullish	Quarterly profit was ₹3,397 crore versus ₹1,444 crore a year earlier (+135.2%). Bullish above 10% · Bearish below 0% · Neutral 0–10%.
14	Revenue CAGR (3 years)	37.9%	Caution	Revenue compounded at 37.9% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%. Caution if an acquisition inflated it.
15	Profit CAGR (3 years)	42.4%	Caution	Net profit compounded at 42.4% a year from FY23 to FY26. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
16	Revenue CAGR (5 years)	22.0%	Caution	Over five years (FY21–FY26) revenue compounded at 22.0% a year. Note: revenue jumped more than 40% in Mar 2026, which usually signals a merger or acquisition — multi-year growth rates are inflated by it. Bullish above 12% a year · Bearish below 5% a year · Neutral 5–12%.
17	EPS growth FY26 (reported)	+98.6%	Bullish	Reported EPS went from ₹132.84 to ₹263.79 (+98.6%). Differences from profit growth come from changes in share count (bonus, buyback, new issues). Bullish above 10% · Bearish below 0% · Neutral 0–10%.

C. Profitability

#	Point	Reading	Tag	Commentary
18	Net interest margin (Q4 FY26)	n/a	Neutral	Not reported in our sources. Bullish 3.5% or more · Bearish below 3.0% · Neutral 3.0–3.5%.
19	Net interest income growth (Q4 FY26)	n/a	Neutral	Not available. Bullish above 10% · Bearish below 5% · Neutral 5–10%.
20	Net profit margin FY26	34.0%	Neutral	₹34.0 of every ₹100 of interest-led revenue ended up as net profit in FY26. How to read: Information only.
21	Return on equity FY26	31.0%	Bullish	FY26 profit was 31.0% of average shareholders' equity. Above ~15% is generally considered good; below 10% weak. Bullish above 18% · Bearish below 10% · Neutral 10–18%. Around 15% or more is generally considered good.
22	Leverage (assets ÷ equity)	5.0×	Neutral	Total assets were 5.0× equity — normal for banks, which fund most assets with deposits. How to read: Information only — banks normally run high leverage.
23	Return on assets FY26	5.42%	Bullish	Net profit was 5.42% of total assets. For banks, ROA above 1% is considered healthy. Bullish banks only: 1.5% or more · Bearish banks only: below 1% · Information only for non-banks.
24	Effective tax rate FY26	26%	Neutral	The company paid about 26% of pre-tax profit as tax; India's base corporate rate is ~25%. How to read: Information only. India’s base corporate rate is about 25%.
25	Q4 FY26 standalone profit (reported)	₹3,397 cr (+135.0%)	Bullish	The bank's own (standalone) Jan–Mar 2026 profit as reported was ₹3,397 crore, +135.0% year on year. Bullish above 12% year on year · Bearish below 0% · Neutral 0–12%.

D. Asset quality & capital

#	Point	Reading	Tag	Commentary
26	Gross NPA (Q4 FY26)	n/a	Neutral	Not reported in our sources for this period. Bullish below 2% · Bearish above 4% · Neutral 2–4%.
27	Net NPA (Q4 FY26)	n/a	Neutral	Not reported in our sources for this period. Bullish below 0.6% · Bearish above 1.5% · Neutral 0.6–1.5%.
28	CASA ratio	n/a	Neutral	Not reported in our sources for this period. Bullish above 40% · Bearish below 30% · Neutral 30–40%.
29	Capital adequacy (CRAR)	20.75%	Bullish	Capital adequacy was 20.75%, comfortably above the RBI minimum of 11.5% (incl. buffer). Bullish above 16% · Bearish below 13% · Neutral 13–16%. RBI minimum incl. buffer is 11.5%.
30	Loan (advances) growth	+49.0%	Bullish	Advances grew +49.0% year on year (as reported). Bullish above 14% · Bearish below 8% · Neutral 8–14%.
31	Deposit growth	n/a	Neutral	Not reported in our sources for this period. Bullish above 12% · Bearish below 7% · Neutral 7–12%.
32	Borrowings (consolidated)	₹1,51,806 cr	Neutral	Borrowings were ₹1,51,806 crore at Mar 2026 — lenders that don't take deposits fund their loans this way. How to read: Information only.
33	Book value growth	+33.2%	Bullish	Equity grew +33.2% to ₹39,130 crore — banks need book growth to support loan growth. Bullish above 10% (banks: above 12%) · Bearish below 0% (non-banks only) · Neutral otherwise.

E. Cash flow

#	Point	Reading	Tag	Commentary
34	Operating cash flow FY26	₹-47,393 cr	Neutral	Operating cash flow was ₹-47,393 crore. For banks this swings with deposit and loan flows, so it says little about profitability. Bullish positive and higher than the year before · Bearish negative · Neutral when positive but lower. Information only for banks.
35	Investing cash flow FY26	₹2,461 cr	Neutral	Investing flows for banks mostly reflect securities and fixed-asset purchases. How to read: Information only — for banks these swing with deposit and loan flows.
36	Financing cash flow FY26	₹49,320 cr	Neutral	Financing flows reflect borrowings raised/repaid and dividends paid. How to read: Information only — for banks these swing with deposit and loan flows.
37	Net cash flow FY26	₹4,388 cr	Neutral	Overall cash and balances changed by ₹4,388 crore in FY26. How to read: Information only — for banks these swing with deposit and loan flows.
38	Investment book growth	-77.1%	Neutral	The investment portfolio (mostly government securities) moved -77.1% to ₹550 crore. How to read: Information only.
39	Loan growth minus deposit growth	n/a	Neutral	Not available. How to read: Caution when loans grew more than 4 points faster than deposits (funding pressure). Neutral otherwise.

F. Dividends & shareholder returns

#	Point	Reading	Tag	Commentary
40	Dividend payout ratio FY26	11%	Neutral	The company paid out about 11% of FY26 profit as dividends. How to read: Information only. High payout suits mature businesses; growing firms often keep more.
41	Dividend consistency (3 years)	22% / 20% / 11%	Bullish	Payout ratios for FY24 / FY25 / FY26 — dividends were paid every year. Bullish paid every year · Neutral when irregular. Never tagged Bearish.
42	Share capital change (FY25→FY26)	+0.0%	Neutral	Paid-up equity capital changed +0.0% (₹401 cr → ₹401 cr). Essentially unchanged — no dilution. Bullish fell 1% or more (a buyback) · Caution when it rose 1% or more (new shares issued). Neutral when unchanged, or for a bonus/split.

G. Ownership

#	Point	Reading	Tag	Commentary
43	Promoter holding	73.35% (+0.00 pts YoY)	Neutral	Promoters owned 73.35% at Mar 2026 versus 73.35% a year earlier. Bearish fell more than 1 percentage point in a year · Neutral otherwise. Never tagged Bullish.
44	Foreign institutional holding	12.31% (+1.29 pts YoY)	Bullish	FIIs held 12.31% at Mar 2026, up from 11.02% a year before. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
45	Domestic institutional holding	10.43% (-1.32 pts YoY)	Bearish	Mutual funds, insurers and other DIIs held 10.43%, down from 11.75%. Bullish up more than 1 percentage point · Bearish down more than 1 percentage point · Neutral within ±1 point.
46	Number of shareholders	3.1 lakh (+3.0% YoY)	Neutral	The shareholder count moved from 3.1 lakh to 3.1 lakh in a year — a rough gauge of retail interest. How to read: Information only — a rough gauge of retail interest.
47	Promoter pledge	none reported	Neutral	Our source showed no pledged promoter shares. How to read: Information only. Any sizeable pledge is a risk to note.

H. Quality & summary

#	Point	Reading	Tag	Commentary
48	Financial health checklist (Piotroski-style, 6 tests)	6/6	Bullish	Passed: positive profit, profit grew, ROA ≥ 1%, CRAR ≥ 14%, ROE ≥ 12%, no meaningful dilution (<3%). Bullish all tests passed, or all but one · Bearish half the tests or fewer passed · Neutral in between.
49	Automated screen flags	4 strength(s) · 1 weakness(es)	Neutral	Strengths: Company is expected to give a good quarter; Company has delivered good profit growth of 22.7% CAGR over last 5 years; Company has been maintaining a healthy dividend payout of 17.7%; Company's median sales growth is 19.7% of last 10 years. Weaknesses: Stock is trading at 2.60 times its book value. (Flags generated by the data source’s rule screen.) How to read: Information only.
50	Fundamental summary	14 bullish · 1 bearish · 30 neutral · 4 caution	Bullish	On the numbers published by 07 Jul 2026 the fundamental picture leaned positive. Valuation: P/E 11.8×, P/B 3.20×. This describes the data, not a recommendation. How to read the score: the strongest possible reading is 49 bullish · 0 bearish, and the weakest is 0 bullish · 49 bearish. Most companies land in between. The numbers are called positive when bullish tags beat bearish ones by 4 or more and are at least 1.5 times as many, negative the other way round, and mixed otherwise. Even a 49–0 score describes the past and is not a reason to buy, and a 0–49 score is not a reason to sell. Bullish bullish tags beat bearish ones by 4 or more and are at least 1.5× as many (“positive”) · Bearish the same the other way round (“negative”) · Neutral (“mixed”) otherwise. Strongest possible: 49 bullish · 0 bearish.

News in the three months before the snapshot

Company news from 07 Apr 2026 – 07 Jul 2026 that an investor could have known on the snapshot date.

07 Apr 2026 Muthoot Finance fixes record date for interim dividend — The company filed an intimation with NSE setting the record date for an interim dividend for FY2025-26; it later clarified the record date as April 17, 2026. source
10 Apr 2026 Muthoot Finance board declares Rs 30 per share interim dividend — The board declared an interim dividend of Rs 30 per equity share (300% of face value) for FY2025-26, the highest in the company's history, with record date April 17, 2026. source
14 May 2026 Muthoot Finance Q4 FY26 consolidated profit rises 135% to Rs 3,397 crore — Consolidated net profit for the March 2026 quarter was Rs 3,397 crore versus Rs 1,444 crore a year earlier; FY26 consolidated profit was Rs 10,607 crore and consolidated loan AUM reached Rs 1,81,916 crore, up 49% YoY. source
15 May 2026 Muthoot Finance shares fall about 6% after Q4 results — The stock declined in trade the day after the Q4 results, which showed strong gold-loan growth; total income rose 65.1% YoY to Rs 9,291.36 crore. source

What happened next (07 Jul 2026 → 09 Oct 2026)

Price went from ₹3,124.50 to ₹2,624.70 by 09 Oct 2026 (-16.0%) while the Nifty 50 moved -7.7% — underperforming by 8.3 points.
Highest ₹3,246.50 on 27 Aug 2026; lowest ₹2,559.60 on 08 Oct 2026.
S1 3,082.02: broken on a closing basis on 09 Jul 2026.
S2 2,902.30: broken on a closing basis on 03 Aug 2026.
R1 3,240.03: not cleared on a closing basis.
R2 3,371.83: not cleared on a closing basis.
200-day SMA: price was below it at the snapshot and stayed on the same side through the period.
Apr–Jun 2026 results (reported 01 Aug 2026): revenue ₹8,672 crore (+34.4% YoY), net profit ₹2,825 crore (+43.1% YoY) (Screener consolidated figures).

Later news

17 Jul 2026 RBI imposes penalty on Muthoot Finance for compliance lapses — The Reserve Bank of India fined Muthoot Finance Rs 5.80 lakh for not periodically reviewing risk categorisation of accounts and for inadequate suspicious-transaction monitoring software. source
01 Aug 2026 Muthoot Finance Q1 FY27 consolidated profit rises 43% to Rs 2,825 crore — Consolidated net profit for the June 2026 quarter was Rs 2,825 crore and consolidated loan AUM rose 43% YoY to Rs 1,91,532 crore; the board also recommended Alexander George as managing director from October 1, 2026. source
31 Aug 2026 Muthoot Finance holds annual general meeting — The company filed the outcome of its annual general meeting and of a board meeting held on August 31, 2026. source
01 Oct 2026 Muthoot Finance discloses change in directorate — The company filed a Regulation 30 disclosure regarding a change in its board of directors. source

Educational summary. On 07 Jul 2026 the technical picture leaned negative and the fundamental picture leaned positive. Over the next three months the stock moved -16.0% against -7.7% for the Nifty 50. Here the chart's message lined up with what followed. One case proves nothing on its own; the value is in seeing many cases over time. This page does not say whether to buy, sell or hold Muthoot Finance today.

Method designed by Pawan Kumar Sharma, CPA · ACCA · CIA. Numbers are computed by our engine from the sources listed below.

Sources: daily prices — Yahoo Finance history pages; financials and shareholding — Screener.in (fetched 10 Oct 2026); index — Nifty 50 via Yahoo Finance; news — linked articles. Calculations by Manage Our Finance. Report a correction

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