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Muthoot Fincorp Limited — Bonds & AA (CRISIL) Rating on senior bonds

NBFC · Financial Services

As of 9 Nov 2026, Muthoot Fincorp Limited has 251 active bonds with ₹16,107 Cr outstanding (disclosed for 223 of 251 bonds), and the most common current rating on its senior bonds is AA from CRISIL (9 of 25 rated bonds, rated 30 Sep 2026).

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Data as of 9 Nov 2026 Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CRISIL)
Most common current rating on senior bonds
9 of 25 rated · CRISIL, 30 Sep 2026
AT1 / perpetual: A+ (CRISIL)
Total Debt Outstanding
₹16,107 Cr
Across 251 instruments
Active Bonds
251
First Issue
30 Nov 2008
Latest Issue
9 Nov 2026
Maturity Range
2027 - 2035
Observation
251 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies Last Updated: 9 Nov 2026

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 17 Sep 2026 New rating assigned to AA CRISIL
  • 4 Sep 2026 New rating assigned to AA CRISIL

Muthoot Fincorp Limited bonds: risks and track record

1 item to look at
  • Current ratings CRISIL AA-, CRISIL AA, CARE AA
  • Rating range Current ratings on senior bonds range from A+ (CRISIL 31 Oct 2025) to AA (Brickwork 30 Sep 2025, CARE 5 Oct 2026, CRISIL 30 Sep 2026). Current ratings on AT1 / perpetual bonds range from A- (CRISIL 30 Sep 2021) to A+ (CRISIL 30 Jun 2025)
  • 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 5 Oct 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 65 of 251 active bonds had an exchange trade
  • Exchange filings, 90 days 0 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 Fincorp 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
30 Nov 2008
Start of this issuer's debt program timeline
  • 251 active bonds tracked from this issuer.
  • 180 of 239 tracked bonds with a stated security status are secured. (based on 239 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 17 Sep 2026.

Muthoot Fincorp Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 8.37% - 12.00%, paid monthly. Bonds mature between 2027 - 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
251
Tracked by RetailBonds
Amount Tracked
₹16,107 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 223 of 251 bonds)
Avg Coupon
9.67%
Range 8.37% - 12.00%
Avg Remaining Tenure
2.9 Yrs
Nearest maturity Jan 2027
Secured
75%
180 of 239 bonds with known status
Callable
8
Of 251 bonds
Avg Spread vs G-Sec
+299 bps
Credit premium, from 12 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (57 bonds).

0 2027: 38 bonds, ₹1,126 Cr tracked, avg coupon 9.27% 38 bonds 2027 2028: 57 bonds, ₹4,156 Cr tracked, avg coupon 9.16% 57 bonds 2028 2029: 36 bonds, ₹2,900 Cr tracked, avg coupon 9.25% 36 bonds 2029 2030: 28 bonds, ₹565 Cr tracked, avg coupon 9.69% 28 bonds 2030 2031: 40 bonds, ₹3,709 Cr tracked, avg coupon 9.51% 40 bonds 2031 2032: 25 bonds, ₹2,252 Cr tracked, avg coupon 9.21% 25 bonds 2032 2033: 5 bonds, ₹300 Cr tracked, avg coupon 10.41% 5 bonds 2033 2034: 1 bond, ₹150 Cr tracked, 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 251 bonds · 100% · ₹16,107 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: ₹520 Cr issued 2021 2022: ₹556 Cr issued 2022 2023: ₹883 Cr issued 2023 2024: ₹1,117 Cr issued 2024 2025: ₹2,439 Cr issued 2025 2026: ₹10,328 Cr issued 2026 Cumulative: ₹50 Cr Cumulative: ₹130 Cr Cumulative: ₹144 Cr Cumulative: ₹216 Cr Cumulative: ₹264 Cr Cumulative: ₹784 Cr Cumulative: ₹1,340 Cr Cumulative: ₹2,223 Cr Cumulative: ₹3,340 Cr Cumulative: ₹5,779 Cr Cumulative: ₹16,106 Cr

Based on 223 of 251 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03

Credit Profile

  • AA 178 bonds · 71%
  • A 42 bonds · 17%
  • BBB 2 bonds · 1%
  • Unrated 29 bonds · 12%
AgencyRatingOutlookBonds
CRISIL AA- — 10
CARE AA Stable 6
CRISIL AA Stable 5
CRISIL AA- Stable 4
CRISIL AA Positive 3
CRISIL A+ — 2
Brickwork AA Stable 1
CRISIL A Stable 1
CRISIL A+ Stable 1
CRISIL A- Stable 1
CRISIL A1 — 1
CRISIL AA- Negative 1
CRISIL AA- NSDL record — 125
Brickwork AA NSDL record — 25
CRISIL A+ NSDL record — 17
CRISIL A NSDL record — 13
CRISIL A- NSDL record — 4
CRISIL AA NSDL record — 3
Brickwork A NSDL record — 2
CRISIL BBB+ NSDL record — 2
CARE AA- NSDL record — 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

17 Sep 2026 · CRISIL
AA
Initial · Stable
4 Sep 2026 · CRISIL
AA
Initial · Stable
17 Aug 2026 · CRISIL
—
Other
22 Jul 2026 · CRISIL
AA
Initial · Stable
18 Jun 2026 · CRISIL
AA
Initial · Stable
04

Muthoot Fincorp Limited Bond Interest Rates

Coupons on Muthoot Fincorp Limited's 251 active bonds range from 8.37% to 12.00%. 63 traded in the last 30 days, at yields from 8.00% to 14.00% (median 9.58%; latest trade 9 Nov 2026).

Muthoot Fincorp Limited coupon rates and market yields by maturity year
Maturity year Active bonds Coupon range Traded (last 30 days) Median yield
2027 38 8.40% to 10.26% 7 9.30%
2028 57 8.37% to 10.26% 18 9.35%
2029 36 8.52% to 10.05% 8 9.54%
2030 28 9.00% to 10.26% 4 9.69%
2031 40 8.65% to 10.26% 9 9.71%
2032 25 8.75% to 10.45% 3 9.80%
2033 5 10.40% to 10.45% 3 10.57%
2034 1 10.40% 1 10.77%
2035 1 12.00% 1 11.84%
Perpetual 20 12.00% 9 10.72%

Coupon is the interest rate on face value, from the bond records. Yield is the market yield from the latest BSE/NSE trade, counted only when that trade is at most 30 days old and passes the checks in our methodology.

Calculate the yield on Muthoot Fincorp 8.75% Mar 2029 NCD (most recently traded; the calculator is pre-filled with its coupon and maturity)

Muthoot Fincorp Limited NCD Issues

NCD subscription status →

16 public NCD issues filed with BSE; none open or upcoming.

Status Subscription Base size Issue rating Details
Closed 23 Oct 2026 to 5 Nov 2026 ₹500 Cr — Issue details
Closed 3 Feb 2026 to 16 Feb 2026 — AA- (CRISIL) Issue details
Closed 28 Aug 2024 to 10 Sep 2024 — AA- (CRISIL) Issue details
Closed 1 Sep 2023 to 14 Sep 2023 ₹400 Cr AA- (CRISIL) Issue details
Closed 12 Apr 2023 to 26 Apr 2023 — AA- (CRISIL) Issue details
Closed 2 Jan 2023 to 27 Jan 2023 — AA- (CRISIL) Issue details
Closed 5 Aug 2022 to 1 Sep 2022 — A+ (CRISIL) Issue details
Closed 5 Jan 2022 to 28 Jan 2022 — A+ (CRISIL) Issue details
05

Outstanding Bonds

View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE549K07EZ3 Muthoot Fincorp 9.00% Jan 2027 NCD 9.00% AA- (CRISIL, NSDL record 2024) 2027-01-10 9.30% 2026-10-23
INE549K07FE5 Muthoot Fincorp Jan 2027 NCD — AA- (CRISIL, NSDL record 2024) 2027-01-10 — 2026-09-01
INE549K07FC9 Muthoot Fincorp 9.40% Jan 2027 NCD 9.40% AA- (CRISIL, NSDL record 2024) 2027-01-10 — —
INE549K08178 Muthoot Fincorp 9.00% Jan 2027 NCD 9.00% A (CRISIL, NSDL record 2020) 2027-01-29 — —
INE549K08194 Muthoot Fincorp Jan 2027 NCD — A (CRISIL, NSDL record 2020) 2027-01-29 — —
INE549K08186 Muthoot Fincorp 9.40% Jan 2027 NCD 9.40% A (CRISIL, NSDL record 2020) 2027-01-29 — —
INE549K07DH3 Muthoot Fincorp 9.15% Jan 2027 NCD 9.15% AA- (CRISIL, NSDL record 2023) 2027-01-31 — 2026-09-10
INE549K07DJ9 Muthoot Fincorp Jan 2027 NCD — AA- (CRISIL, NSDL record 2023) 2027-01-31 — —
INE549K07DE0 Muthoot Fincorp 9.50% Jan 2027 NCD 9.50% AA- (CRISIL, NSDL record 2023) 2027-01-31 9.10% 2026-11-09
INE549K07BS4 Muthoot Fincorp 8.70% Feb 2027 NCD 8.70% AA- (CRISIL, NSDL record 2022) 2027-02-02 — —
INE549K07BX4 Muthoot Fincorp 8.40% Feb 2027 NCD 8.40% AA- (CRISIL, NSDL record 2022) 2027-02-02 — —
INE549K07BB0 Muthoot Fincorp 8.50% Feb 2027 NCD 8.50% A+ (CRISIL, NSDL record 2021) 2027-02-02 — —
INE549K07BG9 Muthoot Fincorp Feb 2027 NCD — A+ (CRISIL, NSDL record 2021) 2027-02-02 — —
INE549K07FO4 Muthoot Fincorp Feb 2027 NCD — AA- (CRISIL, NSDL record 2025) 2027-02-24 — —
INE549K07FM8 Muthoot Fincorp 9.00% Feb 2027 NCD 9.00% AA- (CRISIL, NSDL record 2025) 2027-02-24 — —
INE549K07FY3 Muthoot Fincorp 9.40% Feb 2027 NCD 9.40% AA- (CRISIL, NSDL record 2025) 2027-02-24 — —
INE549K08202 Muthoot Fincorp 9.00% Mar 2027 NCD 9.00% A (CRISIL, NSDL record 2021) 2027-03-15 — —
INE549K08210 Muthoot Fincorp 9.40% Mar 2027 NCD 9.40% A (CRISIL, NSDL record 2021) 2027-03-15 — —
INE549K08228 Muthoot Fincorp Mar 2027 NCD — A (CRISIL, NSDL record 2021) 2027-03-15 — —
INE549K08236 Muthoot Fincorp 9.50% May 2027 NCD 9.50% A+ (CRISIL, NSDL record 2021) 2027-05-07 — —
INE549K07GA1 Muthoot Fincorp 9.00% May 2027 NCD 9.00% AA- (CRISIL, NSDL record 2025) 2027-05-19 — 2026-07-15
INE549K07GG8 Muthoot Fincorp May 2027 NCD — AA- (CRISIL, NSDL record 2025) 2027-05-19 9.40% 2026-10-15
INE549K07GC7 Muthoot Fincorp 9.40% May 2027 NCD 9.40% AA- (CRISIL, NSDL record 2025) 2027-05-19 9.40% 2026-10-15
INE549K07DN1 Muthoot Fincorp 9.50% Jun 2027 NCD 9.50% AA- (CRISIL, NSDL record 2024) 2027-06-30 — —
INE549K07DS0 Muthoot Fincorp Jun 2027 NCD — AA- (CRISIL, NSDL record 2024) 2027-06-30 — —
INE549K07DY8 Muthoot Fincorp 9.15% Jun 2027 NCD 9.15% AA- (CRISIL, NSDL record 2024) 2027-06-30 — —
INE549K07GY1 Muthoot Fincorp Jul 2027 NCD — AA- (CRISIL, NSDL record 2025) 2027-07-16 9.30% 2026-10-15
INE549K07GU9 Muthoot Fincorp 9.20% Jul 2027 NCD 9.20% AA- (CRISIL, NSDL record 2025) 2027-07-16 — —
INE549K07GW5 Muthoot Fincorp 8.85% Jul 2027 NCD 8.85% AA- (CRISIL, NSDL record 2025) 2027-07-16 — 2026-10-09
INE549K07EC2 Muthoot Fincorp 9.25% Sep 2027 NCD 9.25% AA- (CRISIL, NSDL record 2024) 2027-09-16 — 2026-09-24
INE549K07EA6 Muthoot Fincorp Sep 2027 NCD — AA- (CRISIL, NSDL record 2024) 2027-09-16 — —
INE549K07EE8 Muthoot Fincorp 9.65% Sep 2027 NCD 9.65% AA- (CRISIL, NSDL record 2024) 2027-09-16 — 2026-09-16
INE549K08285 Muthoot Fincorp 9.50% Oct 2027 NCD 9.50% A+ (CRISIL, NSDL record 2021) 2027-10-29 — —
INE549K07EO7 Muthoot Fincorp 9.65% Oct 2027 NCD 9.65% AA- (CRISIL, NSDL record 2024) 2027-10-30 — 2026-07-08
INE549K07ET6 Muthoot Fincorp 9.25% Oct 2027 NCD 9.25% AA- (CRISIL, NSDL record 2024) 2027-10-30 — 2026-10-08
INE549K07EV2 Muthoot Fincorp Oct 2027 NCD — AA- (CRISIL, NSDL record 2024) 2027-10-30 — —
INE549K08335 Muthoot Fincorp 10.26% Dec 2027 NCD 10.26% A+ (CRISIL, NSDL record 2022) 2027-12-30 10.25% 2026-11-04
INE549K08327 Muthoot Fincorp 10.26% Dec 2027 NCD 10.26% A+ (CRISIL, NSDL record 2022) 2027-12-31 9.24% 2026-11-09
INE549K07FG0 Muthoot Fincorp Jan 2028 NCD — AA- (CRISIL, NSDL record 2024) 2028-01-10 — —
INE549K07FJ4 Muthoot Fincorp 9.25% Jan 2028 NCD 9.25% AA- (CRISIL, NSDL record 2024) 2028-01-10 9.20% 2026-11-09
INE549K07FB1 Muthoot Fincorp 9.65% Jan 2028 NCD 9.65% AA- (CRISIL, NSDL record 2024) 2028-01-10 — —
INE549K07BH7 Muthoot Fincorp Feb 2028 NCD — A+ (CRISIL, NSDL record 2021) 2028-02-02 — —
INE549K07BU0 Muthoot Fincorp 8.50% Feb 2028 NCD 8.50% AA- (CRISIL, NSDL record 2022) 2028-02-02 9.20% 2026-11-09
INE549K07BC8 Muthoot Fincorp 8.75% Feb 2028 NCD 8.75% A+ (CRISIL, NSDL record 2021) 2028-02-02 — —
INE549K07BW6 Muthoot Fincorp 8.80% Feb 2028 NCD 8.80% AA- (CRISIL, NSDL record 2022) 2028-02-02 10.00% 2026-11-02
INE549K07HC5 Muthoot Fincorp 9.00% Feb 2028 NCD 9.00% AA- (CRISIL) 2028-02-04 9.58% 2026-10-29
INE549K07HE1 Muthoot Fincorp 8.37% Feb 2028 NCD 8.37% AA- (CRISIL, NSDL record 2026) 2028-02-12 — 2026-10-07
INE549K07HP7 Muthoot Fincorp Feb 2028 NCD — AA (Brickwork, NSDL record 2025) 2028-02-12 — —
INE549K07HL6 Muthoot Fincorp 8.70% Feb 2028 NCD 8.70% AA (Brickwork, NSDL record 2025) 2028-02-12 9.30% 2026-11-06
INE549K07FU1 Muthoot Fincorp 9.25% Feb 2028 NCD 9.25% AA- (CRISIL, NSDL record 2025) 2028-02-24 — 2026-09-08
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.

More bonds from this issuer (178)
06

Market Activity

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

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
418
Avg. Yield (Last 30 Days)
9.88%
07

Regulatory Filings

Credit Rating Rationale
08

Methodology & Data Coverage

DatasetCountFreshness
Credit Ratings (current) 228 2026-10-05
Rating Actions History 5 2026-09-17
Secondary-Market Trades 1643 2026-11-09
Reg52(4) Payment Disclosures 0 —

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

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

Muthoot Fincorp Limited currently has 251 active bonds with coupons of 8.37% - 12.00%, maturities spanning 2027 - 2035.

What is the interest rate on Muthoot Fincorp Limited bonds?

Coupons on Muthoot Fincorp Limited's 251 active bonds range from 8.37% to 12.00%. The coupon is the fixed interest rate on face value; the market yield depends on the price paid. 63 traded in the last 30 days, at yields from 8.00% to 14.00% (median 9.58%; latest trade 9 Nov 2026).

What is Muthoot Fincorp Limited's credit rating?

The most common current rating on Muthoot Fincorp Limited's senior bonds is AA (CRISIL). Ratings on file come from Brickwork, CARE, CRISIL. Other instrument classes: AT1 / perpetual: A+ (CRISIL).

Are Muthoot Fincorp Limited's bonds secured?

Of the 239 bonds with a disclosed security status, 180 are secured (75%) and 59 are unsecured.

When do Muthoot Fincorp Limited's bonds mature?

Muthoot Fincorp Limited's active bonds mature between 2027 - 2035; the nearest matures in Jan 2027; 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 251 active bonds is 9.67%.

Where can I buy Muthoot Fincorp Limited NCDs?

By our records, at least 102 of Muthoot Fincorp Limited's 251 active bonds are listed on BSE. Listed bonds are bought on the exchange through a SEBI-registered stockbroker or an online bond platform provider, into a demat account. 63 of Muthoot Fincorp Limited's active bonds traded in the last 30 days; many listed bonds trade rarely. New NCDs can also be applied for during a public issue; past and current Muthoot Fincorp Limited issues are listed on this page. RetailBonds.in shows data only and does not sell bonds or advise on them.

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.