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Muthoot Capital Services Limited — Bonds & A+ (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A+ (CRISIL)
Most common current rating on senior bonds
10 of 15 rated · CRISIL, 31 Oct 2025
Total Debt Outstanding
₹1,666 Cr
Across 19 instruments
Active Bonds
19
First Issue
28 Dec 2023
Latest Issue
14 Oct 2026
Maturity Range
2026 - 2031
Observation
19 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
Issuer health card 1 item to look at
  • Current ratings CRISIL A+, CRISIL AA-, CRISIL A-
  • Rating range Current ratings range from A- (CRISIL 31 Aug 2025) to AA- (CRISIL 30 Sep 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 1 Oct 2026
  • Payment record 6 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 13 of 19 active bonds had an exchange trade
  • Exchange filings, 90 days 81 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Muthoot Capital Services Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
28 Dec 2023
Start of this issuer's debt program timeline
  • 19 active bonds tracked from this issuer.
  • 17 of 18 tracked bonds with a stated security status are secured. (based on 18 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 12 Oct 2026.

Operating in the Financial Services sector, Muthoot Capital Services Limited is classified as an NBFC. Bond coupons here span 8.40% - 10.75%, paid monthly. The maturity ladder spans 2026 - 2031.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
19
Tracked by RetailBonds
Amount Tracked
₹1,666 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 17 of 19 bonds)
Avg Coupon
9.78%
Range 8.40% - 10.75%
Avg Remaining Tenure
1.3 Yrs
Nearest maturity Nov 2026
Secured
94%
17 of 18 bonds with known status
Callable
0
Of 19 bonds
Avg Spread vs G-Sec
+303 bps
Credit premium, from 9 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2026: 5 bonds, ₹341 Cr tracked, avg coupon 9.98% 5 bonds 2026 2027: 7 bonds, ₹700 Cr tracked, avg coupon 9.98% 7 bonds 2027 2028: 3 bonds, ₹350 Cr tracked, avg coupon 9.50% 3 bonds 2028 2029: 2 bonds, ₹100 Cr tracked, avg coupon 9.25% 2 bonds 2029 2031: 2 bonds, ₹175 Cr tracked, avg coupon 9.57% 2 bonds 2031

Security Type / Instrument Mix

  • NCD 19 bonds · 100% · ₹1,666 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2023: ₹100 Cr issued 2023 2024: ₹416 Cr issued 2024 2025: ₹750 Cr issued 2025 2026: ₹400 Cr issued 2026 Cumulative: ₹100 Cr Cumulative: ₹516 Cr Cumulative: ₹1,266 Cr Cumulative: ₹1,666 Cr

Based on 17 of 19 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

Financial Snapshot

H1 FY27 vs H1 FY27
Debt / Equity
0.05
Prior: 0.05
Revenue from Operations
₹330.92 Cr
Prior: ₹155.53 Cr
Net Profit / Loss
₹12.52 Cr
Prior: ₹8.12 Cr
Profit Before Tax
₹16.73 Cr
Prior: ₹10.85 Cr

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 5 Nov 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 4 bonds · 21%
  • A 13 bonds · 68%
  • Unrated 2 bonds · 11%
AgencyRatingOutlookBonds
CRISIL A+ — 5
CRISIL A+ Stable 3
CRISIL A- Stable 2
CRISIL AA- Stable 2
ICRA A+ — 2
CRISIL AA- — 1
CRISIL A+ NSDL record — 1
CRISIL AA+ NSDL record — 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AA on 2026-06-18 CRISIL: AA on 2026-08-14 CRISIL: AA on 2026-09-15 CRISIL: AA on 2026-10-01
Jun 26 — Oct 26 CRISIL

Recent Rating Actions

12 Oct 2026 · CRISIL
—
Update
1 Oct 2026 · CRISIL
AA-
Initial · Stable
15 Sep 2026 · CRISIL
AA-
Initial · Stable
14 Aug 2026 · CRISIL
AA-
Initial · Stable
18 Jun 2026 · CRISIL
AA-
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE296G07218 Muthoot Capital Services 10.00% Nov 2026 NCD 10.00% A+ (CRISIL) 2026-11-20 — —
IN8296G07019 Muthoot Capital Services 10.00% Nov 2026 NCD 10.00% — 2026-11-20 — —
INE296G07226 Muthoot Capital Services 10.40% Dec 2026 NCD 10.40% A+ (CRISIL) 2026-12-02 — —
INE296G07234 Muthoot Capital Services 9.50% Dec 2026 NCD 9.50% A+ (CRISIL) 2026-12-12 10.30% 2026-10-27
INE296G07135 Muthoot Capital Services 10.00% Dec 2026 NCD 10.00% A+ (CRISIL) 2026-12-28 — 2026-11-06
INE296G07259 Muthoot Capital Services 10.00% Jan 2027 NCD 10.00% A- (CRISIL) 2027-01-28 — 2026-09-09
INE296G07143 Muthoot Capital Services 10.00% Mar 2027 NCD 10.00% A+ (CRISIL, NSDL record 2024) 2027-03-19 — —
INE296G07283 Muthoot Capital Services 10.35% Apr 2027 NCD 10.35% A+ (ICRA) 2027-04-03 10.15% 2026-10-19
INE296G07150 Muthoot Capital Services 10.00% May 2027 NCD 10.00% A+ (CRISIL) 2027-05-16 9.20% 2026-10-26
INE296G07275 Muthoot Capital Services 10.00% Jun 2027 NCD 10.00% A+ (ICRA) 2027-06-17 — 2026-11-05
INE296G07291 Muthoot Capital Services 9.50% Jul 2027 NCD 9.50% A+ (CRISIL) 2027-07-23 — 2026-11-05
INE296G07309 Muthoot Capital Services 10.00% Jul 2027 NCD 10.00% A- (CRISIL) 2027-07-29 10.18% 2026-11-02
INE296G07267 Muthoot Capital Services 10.00% Feb 2028 NCD 10.00% A+ (CRISIL) 2028-02-25 — —
INE296G07325 Muthoot Capital Services 9.25% Jun 2028 NCD 9.25% AA- (CRISIL) 2028-06-30 9.78% 2026-11-06
INE296G07341 Muthoot Capital Services 9.25% Sep 2028 NCD 9.25% AA- (CRISIL) 2028-09-22 9.99% 2026-11-06
INE296G07333 Muthoot Capital Services 9.25% Aug 2029 NCD 9.25% AA- (CRISIL) 2029-08-24 9.44% 2026-11-06
INE296G07358 Muthoot Capital Services 9.25% Oct 2029 NCD 9.25% — 2029-10-15 10.00% 2026-11-06
INE296G08026 Muthoot Capital Services 10.75% Mar 2031 NCD 10.75% A+ (CRISIL) 2031-03-28 10.97% 2026-10-22
INE296G07317 Muthoot Capital Services 8.40% Oct 2031 NCD 8.40% AA+ (CRISIL, NSDL record 2025) 2031-10-17 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
₹30.08 L
Number of Trades (Last 30 Days)
100
Avg. Yield (Last 30 Days)
9.74%
06 Payment Disclosures (SEBI Reg52(4)) 6 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
17 Oct 2026 8.4% SECURED RATED LISTED REDEEMABLE... Interest ₹88,00,000.00 ₹88,00,000.00 Paid XBRL →
17 Oct 2026 8.4% SECURED RATED LISTED REDEEMABLE... Redemption ₹2,08,00,000.00 ₹2,08,00,000.00 Paid XBRL →
17 Sep 2026 8.4% SECURED RATED LISTED REDEEMABLE... Interest ₹92,00,000.00 ₹92,00,000.00 Paid XBRL →
17 Sep 2026 8.4% SECURED RATED LISTED REDEEMABLE... Redemption ₹2,08,00,000.00 ₹2,08,00,000.00 Paid XBRL →
17 Aug 2026 8.4% SECURED RATED LISTED REDEEMABLE... Interest ₹94,00,000.00 ₹94,00,000.00 Paid XBRL →
17 Aug 2026 8.4% SECURED RATED LISTED REDEEMABLE... Redemption ₹2,08,00,000.00 ₹2,08,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 17 2026-09-30
Rating Actions History 5 2026-10-12
Secondary-Market Trades 225 2026-11-06
Reg52(4) Payment Disclosures 6 2026-10-17

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Muthoot Capital Services Limited have?

Muthoot Capital Services Limited currently has 19 active bonds with coupons of 8.40% - 10.75%, maturities spanning 2026 - 2031.

What is Muthoot Capital Services Limited's credit rating?

The most common current rating on Muthoot Capital Services Limited's senior bonds is A+ (CRISIL). Ratings on file come from CRISIL, ICRA.

Are Muthoot Capital Services Limited's bonds secured?

Of the 18 bonds with a disclosed security status, 17 are secured (94%) and 1 is unsecured.

When do Muthoot Capital Services Limited's bonds mature?

Muthoot Capital Services Limited's active bonds mature between 2026 - 2031; the nearest matures in Nov 2026; the average tenure is 1.3 Yrs.

What is the average coupon on Muthoot Capital Services Limited's bonds?

The average coupon across Muthoot Capital Services Limited's 19 active bonds is 9.78%.

Disclaimer: This page aggregates publicly available data about Muthoot Capital Services Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.