Muthoot Finance market cap crosses ₹1.5 lakh crore as stock nearly doubles in 8 months

Muthoot Finance has become the first listed Kerala-based company to achieve the ₹1.5 lakh crore market capitalisation (m-cap) milestone, driven by a sustained rally in its share price in calendar year 2025.

The next ₹50,000 crore in market cap was added within five months, which is one of the fastest phases of shareholder value creation in the NBFC space in recent years.

With this, Muthoot Finance has become the 59th largest listed company in India by market value and the 12th largest among listed financial services firms.

The shares of the country’s largest gold-loan financing company have nearly doubled in the past eight months, hitting an all-time high of ₹3,830 on December 1, 2025, rebounding from its 52-week low of ₹1,964.35 touched on April 11.

On Wednesday, Muthoot Finance shares rose as much as 1.3% to hit an intraday high of ₹3,791.65 on the BSE, snapping a two-session losing streak. The NBFC stock has risen over 93% from its 52-week low level.

The recent rally in Muthoot Finance’s share price can be attributed to the company’s robust profitability and the strong momentum in its core gold-loan franchise.

Commenting on the milestone, George Alexander Muthoot, Managing Director, said: “Crossing the ₹1.5 lakh crore market-capitalisation mark is a significant validation of the strength and resilience of our business model.”

“The sharp shareholder value creation in the past few months reflects the market’s recognition of our consistent growth in loan AUM, robust profitability, and disciplined approach to gold jewellery-backed lending,” he added.

“This milestone reinforces the long-term trust that investors place in us, and we remain committed to building on this growth momentum through continued digital enhancement, branch expansion, and sustained operational excellence,” said Muthoot.

He added that with record half-yearly performance, strong capitalisation, and a robust demand outlook, the company is well positioned to sustain its growth trajectory through FY26 and beyond.

Muthoot Finance’s financial results for Q2 and H1 FY26 have provided powerful tailwinds to the stock. Consolidated loan assets under management (AUM) rose to an all-time high of ₹1.47 lakh crore as of September 30, 2025, up 42% year-on-year, driven by continued strength in the gold-loan business.

Consolidated profit after tax for H1 FY26 surged 74% year-on-year, while standalone performance also hit historic highs. Standalone loan AUM jumped 47% to ₹1.32 lakh crore, and standalone profit after tax grew 88% to ₹4,391 crore.

The total quantity of gold pledged as collateral increased to 209 tonnes, compared with 199 tonnes a year earlier, while the company expanded its branch network to 7,524 locations across India. Muthoot also maintained strong capitalisation with a 20.89% Capital Adequacy Ratio, supported by stable asset quality and a healthy liquidity position.

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