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Muthoot Microfin 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
12 of 15 rated · CRISIL, 31 May 2026
Total Debt Outstanding
₹1,252 Cr
Across 18 instruments
Active Bonds
18
First Issue
27 May 2022
Latest Issue
8 Sep 2026
Maturity Range
2027 - 2028
Observation
18 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 A-, CRISIL AA-
  • Rating range Current ratings range from A- (CRISIL 30 Jun 2022) 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  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months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 30 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 8 of 18 active bonds had an exchange trade
  • Exchange filings, 90 days 48 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names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility.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 Microfin 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
27 May 2022
Start of this issuer's debt program timeline
  • 18 active bonds tracked from this issuer.
  • 16 of 16 tracked bonds with a stated security status are secured. (based on 16 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 16 Sep 2026.

Muthoot Microfin Limited, an NBFC in the Financial Services sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 8.50% - 11.55%, paid monthly. Maturities on outstanding bonds fall between 2027 - 2028.

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
18
Tracked by RetailBonds
Amount Tracked
₹1,252 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 13 of 18 bonds)
Avg Coupon
9.86%
Range 8.50% - 11.55%
Avg Remaining Tenure
1.4 Yrs
Nearest maturity May 2027
Secured
100%
16 of 16 bonds with known status
Callable
0
Of 18 bonds
Avg Spread vs G-Sec
+282 bps
Credit premium, from 7 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (9 bonds).

0 2027: 9 bonds, ₹475 Cr tracked, avg coupon 10.18% 9 bonds 2027 2028: 9 bonds, ₹777 Cr tracked, avg coupon 9.54% 9 bonds 2028

Security Type / Instrument Mix

  • NCD 18 bonds · 100% · ₹1,252 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2024: ₹66 Cr issued 2024 2025: ₹775 Cr issued 2025 2026: ₹410 Cr issued 2026 Cumulative: ₹66 Cr Cumulative: ₹841 Cr Cumulative: ₹1,252 Cr

Based on 13 of 18 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AA 1 bond · 6%
  • A 14 bonds · 78%
  • Unrated 3 bonds · 17%
AgencyRatingOutlookBonds
CRISIL A+ — 10
CRISIL A- — 2
CRISIL A+ Positive 1
CRISIL A+ Stable 1
CRISIL AA- — 1

Recent Rating Actions

16 Sep 2026 · CRISIL
—
Update
16 Jul 2026 · CRISIL
—
Update
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE046W07172 Muthoot Microfin 11.46% May 2027 NCD 11.46% A- (CRISIL) 2027-05-27 — —
INE046W07180 Muthoot Microfin 11.55% Jun 2027 NCD 11.55% A- (CRISIL) 2027-06-03 — —
INE046W07289 Muthoot Microfin 9.80% Sep 2027 NCD 9.80% A+ (CRISIL) 2027-09-12 — 2026-08-03
INE046W07305 Muthoot Microfin 9.80% Nov 2027 NCD 9.80% A+ (CRISIL) 2027-11-04 10.20% 2026-10-26
INE046W07313 Muthoot Microfin 9.90% Nov 2027 NCD 9.90% A+ (CRISIL) 2027-11-11 9.60% 2026-10-29
INE046W07339 Muthoot Microfin 9.70% Dec 2027 NCD 9.70% A+ (CRISIL) 2027-12-03 — 2026-07-13
IN8046W07031 Muthoot Microfin 9.70% Dec 2027 NCD 9.70% — 2027-12-03 — —
INE046W07347 Muthoot Microfin 9.85% Dec 2027 NCD 9.85% A+ (CRISIL) 2027-12-16 9.70% 2026-10-29
IN8046W07056 Muthoot Microfin 9.85% Dec 2027 NCD 9.85% — 2027-12-16 — —
INE046W07362 Muthoot Microfin 9.70% Jan 2028 NCD 9.70% A+ (CRISIL) 2028-01-23 — —
INE046W07370 Muthoot Microfin 9.70% Feb 2028 NCD 9.70% A+ (CRISIL) 2028-02-06 9.75% 2026-10-23
INE046W07271 Muthoot Microfin 8.97% Aug 2028 NCD 8.97% A+ (CRISIL) 2028-08-06 — —
INE046W07396 Muthoot Microfin 9.25% Sep 2028 NCD 9.25% AA- (CRISIL) 2028-09-08 9.46% 2026-11-06
INE046W07297 Muthoot Microfin 9.80% Sep 2028 NCD 9.80% A+ (CRISIL) 2028-09-23 — 2026-09-15
INE046W07388 Muthoot Microfin 8.50% Sep 2028 NCD 8.50% A+ (CRISIL) 2028-09-29 — —
INE046W07321 Muthoot Microfin 10.00% Nov 2028 NCD 10.00% A+ (CRISIL) 2028-11-11 9.70% 2026-10-12
INE046W07354 Muthoot Microfin 9.95% Dec 2028 NCD 9.95% A+ (CRISIL) 2028-12-16 9.80% 2026-10-30
IN8046W07049 Muthoot Microfin 9.95% Dec 2028 NCD 9.95% — 2028-12-16 — —
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)
₹40.22 L
Number of Trades (Last 30 Days)
51
Avg. Yield (Last 30 Days)
9.72%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 15 2026-09-30
Rating Actions History 2 2026-09-16
Secondary-Market Trades 168 2026-11-06
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 Microfin Limited have?

Muthoot Microfin Limited currently has 18 active bonds with coupons of 8.50% - 11.55%, maturities spanning 2027 - 2028.

What is Muthoot Microfin Limited's credit rating?

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

Are Muthoot Microfin Limited's bonds secured?

Of the 16 bonds with a disclosed security status, 16 are secured (100%) and 0 are unsecured.

When do Muthoot Microfin Limited's bonds mature?

Muthoot Microfin Limited's active bonds mature between 2027 - 2028; the nearest matures in May 2027; the average tenure is 1.4 Yrs.

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

The average coupon across Muthoot Microfin Limited's 18 active bonds is 9.86%.

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