Muthoot Fincorp Limited — Bonds & AA (CRISIL) Rating

Nbfc

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Methodology v1.0 Download Report (PDF)
Latest Rating
AA (CRISIL)
Total Debt Outstanding
₹15,603 Cr
Across 246 instruments
Listed Bonds
246
First Issue
2008-11-30
Latest Issue
2026-09-24
Maturity Range
2026 - 2035
Observation
246 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
—
Issuer Type
Nbfc
First Tracked Bond
2008-11-30
Start of this issuer's debt program timeline
  • 246 active bonds tracked from this issuer.
  • 176 of 232 tracked bonds with a stated security status are secured. (based on 232 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-09-17.

Muthoot Fincorp Limited is an NBFC. Coupon rates on outstanding bonds range from 8.37% - 12.00%, paid monthly. Bonds mature between 2026 - 2035.

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
246
Tracked by RetailBonds
Amount Tracked
₹15,603 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 228 of 246 bonds)
Avg Coupon
9.67%
Range 8.37% - 12.00%
Avg Remaining Tenure
2.9 Yrs
Nearest maturity 2026-10
Secured
75%
176 of 232 bonds with known status
Callable
12
Of 246 bonds
Avg Spread vs G-Sec
+361 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (54 bonds).

0 2026: 10 bonds, ₹236 Cr tracked, avg coupon 8.99% 10 bonds 2026 2027: 38 bonds, ₹1,126 Cr tracked, avg coupon 9.27% 38 bonds 2027 2028: 54 bonds, ₹4,156 Cr tracked, avg coupon 9.18% 54 bonds 2028 2029: 33 bonds, ₹2,900 Cr tracked, avg coupon 9.28% 33 bonds 2029 2030: 28 bonds, ₹565 Cr tracked, avg coupon 9.69% 28 bonds 2030 2031: 35 bonds, ₹3,169 Cr tracked, avg coupon 9.54% 35 bonds 2031 2032: 21 bonds, ₹2,202 Cr tracked, avg coupon 9.14% 21 bonds 2032 2033: 5 bonds, ₹300 Cr tracked, avg coupon 10.41% 5 bonds 2033 2034: 1 bond, avg coupon 10.40% 1 bond 2034 2035: 1 bond, ₹50 Cr tracked, avg coupon 12.00% 1 bond 2035 2042+: 20 bonds, ₹899 Cr tracked, avg coupon 12.00% 20 bonds 2042+

Security Type / Instrument Mix

  • NCD 246 bonds · 100% · ₹15,603 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2008: ₹50 Cr issued 2008 2009: ₹80 Cr issued 2009 2010: ₹14 Cr issued 2010 2017: ₹72 Cr issued 2017 2018: ₹48 Cr issued 2018 2021: ₹573 Cr issued 2021 2022: ₹556 Cr issued 2022 2023: ₹990 Cr issued 2023 2024: ₹1,193 Cr issued 2024 2025: ₹2,439 Cr issued 2025 2026: ₹9,588 Cr issued 2026 Cumulative: ₹50 Cr Cumulative: ₹130 Cr Cumulative: ₹144 Cr Cumulative: ₹216 Cr Cumulative: ₹264 Cr Cumulative: ₹837 Cr Cumulative: ₹1,393 Cr Cumulative: ₹2,383 Cr Cumulative: ₹3,576 Cr Cumulative: ₹6,015 Cr Cumulative: ₹15,602 Cr

Based on 228 of 246 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 182 bonds · 74%
  • A 44 bonds · 18%
  • BBB 2 bonds · 1%
  • Unrated 18 bonds · 7%
AgencyRatingOutlookBonds
CRISIL AA- — 135
BRICKWORK AA — 25
CRISIL A+ — 19
CRISIL A — 15
CRISIL AA — 14
CRISIL A- — 4
CRISIL AA Stable 4
CRISIL A Stable 3
BRICKWORK A — 2
CRISIL AA Positive 2
CRISIL BBB+ — 2
BRICKWORK AA Stable 1
CARE AA- — 1
CRISIL A1 — 1
CRISIL AA Negative 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AA on 2026-06-18 CRISIL: AA on 2026-07-22 CRISIL: AA on 2026-09-04 CRISIL: AA on 2026-09-17
Jun 26 — Sep 26 CRISIL

Recent Rating Actions

2026-09-17 · CRISIL
AA
Initial · Stable
2026-09-04 · CRISIL
AA
Initial · Stable
2026-08-17 · CRISIL
—
Other
2026-07-22 · CRISIL
AA
Initial · Stable
2026-06-18 · CRISIL
AA
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE549K07AX6 SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES VIII.DATE OF MATURITY 29/10/2026 — A+ (CRISIL) 2026-10-29 — —
INE549K07AU2 8.75% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III.DATE OF MATURITY 29/10/2026 8.75% A+ (CRISIL) 2026-10-29 — —
INE549K07ER0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES IX TRANCHE II DATE OF MATURITY 30/10/2026. — AA- (CRISIL) 2026-10-30 9.75% 2026-09-09
INE549K07EP4 9.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION V TRANCHE II DATE OF MATURITY 30/10/2026 9.40% AA- (CRISIL) 2026-10-30 9.75% 2026-08-03
INE549K07EU4 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I TRANCHE II DATE OF MATURITY 30/10/2026 9.00% AA- (CRISIL) 2026-10-30 — —
INE549K07CV6 9.27% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES V TRANCHE II DATE OF MATURITY 01/11/2026 9.27% AA- (CRISIL) 2026-11-01 — —
INE549K07CS2 8.90% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES II TRANCHE II DATE OF MATURITY 01/11/2026 8.90% AA- (CRISIL) 2026-11-01 — —
INE549K07CY0 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES VIII TRANCHE II DATE OF MATURITY 01/11/2026 — AA- (CRISIL) 2026-11-01 — —
INE549K07BZ9 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES VII DATE OF MATURITY 02/11/2026 — AA- (CRISIL) 2026-11-02 9.50% 2026-08-13
INE549K07CE2 8.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES II DATE OF MATURITY 02/11/2026 8.65% AA- (CRISIL) 2026-11-02 — —
INE549K07EZ3 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I TRANCHE III DATE OF MATURITY 10/01/2027 9.00% AA- (CRISIL) 2027-01-10 9.22% 2026-09-02
INE549K07FE5 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES IX TRANCHE III DATE OF MATURITY 10/01/2027. — AA- (CRISIL) 2027-01-10 9.90% 2026-09-01
INE549K07FC9 9.40% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES V TRANCHE III DATE OF MATURITY 10/01/2027. 9.40% AA- (CRISIL) 2027-01-10 — —
INE549K08178 9% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV.DATE OF MATURITY 29/01/2027. 9.00% A (CRISIL) 2027-01-29 — —
INE549K08194 UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IX.DATE OF MATURITY 29/01/2027. — A (CRISIL) 2027-01-29 — —
INE549K08186 9.40% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES V.DATE OF MATURITY 29/01/2027. 9.40% A (CRISIL) 2027-01-29 — —
INE549K07DH3 9.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II TRANCHE III DATE OF MATURITY 31/01/2027 9.15% AA- (CRISIL) 2027-01-31 8.58% 2026-09-10
INE549K07DJ9 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION VIII TRANCHE III DATE OF MATURITY 31/01/2027 — AA- (CRISIL) 2027-01-31 — —
INE549K07DE0 9.50% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION V TRANCHE III DATE OF MATURITY 31/01/2027 9.50% AA- (CRISIL) 2027-01-31 — —
INE549K07BS4 8.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES V DATE OF MATURITY 02/02/2027 8.70% AA- (CRISIL) 2027-02-02 — —
INE549K07BX4 8.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES III DATE OF MATURITY 02/02/2027 8.40% AA- (CRISIL) 2027-02-02 — —
INE549K07BB0 8.50% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES III.DATE OF MATURITY 02/02/2027 8.50% A+ (CRISIL) 2027-02-02 — —
INE549K07BG9 SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES.SERIES VIII.DATE OF MATURITY 02/02/2027 — A+ (CRISIL) 2027-02-02 — —
INE549K07FO4 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION XI TRANCHE IV DATE OF MATURITY 24/02/2027. — AA- (CRISIL) 2027-02-24 — —
INE549K07FM8 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I TRANCHE IV DATE OF MATURITY 24/02/2027. 9.00% AA- (CRISIL) 2027-02-24 — —
INE549K07FY3 9.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. OPTION VI TRANCHE IV DATE OF MATURITY 24/02/2027. 9.40% AA- (CRISIL) 2027-02-24 — —
INE549K08202 9% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV.DATE OF MATURITY 15/03/2027 9.00% A (CRISIL) 2027-03-15 — —
INE549K08210 9.40% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES V.DATE OF MATURITY 15/03/2027 9.40% A (CRISIL) 2027-03-15 — —
INE549K08228 UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IX.DATE OF MATURITY 15/03/2027 — A (CRISIL) 2027-03-15 — —
INE549K08236 9.50% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV.DATE OF MATURITY 07/05/2027 9.50% A+ (CRISIL) 2027-05-07 — —
INE549K07GA1 9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I TRANCHE V DATE OF MATURITY 19/05/2027 9.00% AA- (CRISIL) 2027-05-19 9.30% 2026-07-15
INE549K07GG8 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION IX TRANCHE V DATE OF MATURITY 19/05/2027 — AA- (CRISIL) 2027-05-19 9.50% 2026-09-01
INE549K07GC7 9.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION V TRANCHE V DATE OF MATURITY 19/05/2027 9.40% AA- (CRISIL) 2027-05-19 9.35% 2026-07-14
INE549K07DN1 9.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION VI TRANCHE IV DATE OF MATURITY 30/06/2027 9.50% AA- (CRISIL) 2027-06-30 — —
INE549K07DS0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE OPTION X TRANCHE IV DATE OF MATURITY 30/06/2027 — AA- (CRISIL) 2027-06-30 — —
INE549K07DY8 9.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II TRANCHE IV DATE OF MATURITY 30/06/2027 9.15% AA- (CRISIL) 2027-06-30 — —
INE549K07GY1 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION IX TRANCHE VI DATE OF MATURITY 16/07/2027 — AA- (CRISIL) 2027-07-16 9.30% 2026-09-21
INE549K07GU9 9.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION V TRANCHE VI DATE OF MATURITY 16/07/2027 9.20% AA- (CRISIL) 2027-07-16 — —
INE549K07GW5 8.85% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION I TRANCHE VI DATE OF MATURITY 16/07/2027 8.85% AA- (CRISIL) 2027-07-16 9.30% 2026-08-21
INE549K07EC2 9.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. OPTION II TRANCHE I. DATE OF MATURITY 16/09/2027 9.25% AA- (CRISIL) 2027-09-16 9.30% 2026-09-24
INE549K07EA6 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. OPTION X TRANCHE I. DATE OF MATURITY 16/09/2027 — AA- (CRISIL) 2027-09-16 — —
INE549K07EE8 9.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. OPTIONS VI TRANCHE I. DATE OF MATURITY 16/09/2027 9.65% AA- (CRISIL) 2027-09-16 9.15% 2026-09-16
INE549K08285 9.50% UNSECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES IV.DATE OF MATURITY 29/10/2027 9.50% A+ (CRISIL) 2027-10-29 — —
INE549K07EO7 9.65% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION VI TRANCHE II DATE OF MATURITY 30/10/2027 9.65% AA- (CRISIL) 2027-10-30 9.50% 2026-07-08
INE549K07ET6 9.25% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE OPTION II TRANCHE II DATE OF MATURITY 30/10/2027 9.25% AA- (CRISIL) 2027-10-30 9.30% 2026-09-22
INE549K07EV2 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES OPTION X TRANCHE II DATE OF MATURITY 30/10/2027. — AA- (CRISIL) 2027-10-30 — —
INE549K08335 10.26% UNSECURED UNLISTED RATED SUBORDINATED NONCONVERTIBLE DEBENTURE.DATE OF MATURITY 30/12/2027 10.26% A+ (CRISIL) 2027-12-30 9.49% 2026-08-10
INE549K08327 10.26% UNSECURED UNLISTED RATED SUBORDINATED NONCONVERTIBLE DEBENTURE.DATE OF MATURITY 31/12/2027 10.26% A+ (CRISIL) 2027-12-31 8.95% 2026-09-18
INE549K07FG0 SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES X TRANCHE III DATE OF MATURITY 10/01/2028. — AA- (CRISIL) 2028-01-10 — —
INE549K07FJ4 9.25% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURE SERIES II TRANCHE III DATE OF MATURITY 10/01/2028. 9.25% AA- (CRISIL) 2028-01-10 9.30% 2026-08-10
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

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

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
357
Avg. Yield (Last 30 Days)
9.9%
06 Regulatory Filings
Credit Rating Rationale
CRISIL Rating Rationale 2026-09-17
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 229 2026-06-18
Rating Actions History 5 2026-09-17
Secondary-Market Trades 1056 2026-09-24
Reg52(4) Payment Disclosures 0 —

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

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

Muthoot Fincorp Limited currently has 246 active bonds with coupons 8.37% - 12.00%, maturities spanning 2026 - 2035.

What is Muthoot Fincorp Limited's credit rating?

The most recent rating on Muthoot Fincorp Limited's bonds is AA (CRISIL), published by BRICKWORK, CARE, CRISIL.

Are Muthoot Fincorp Limited's bonds secured?

Of the 232 bonds with a disclosed security status, 176 are secured (75%) and 56 are unsecured.

When do Muthoot Fincorp Limited's bonds mature?

Muthoot Fincorp Limited's active bonds mature between 2026 - 2035; the nearest matures in 2026-10; the average tenure is 2.9 Yrs.

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

The average coupon across Muthoot Fincorp Limited's 246 active bonds is 9.67%.

Disclaimer: This page aggregates publicly available data about Muthoot Fincorp 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.