Muthoot Capital Services Limited — PPTs, 08-05-2026: Investor Presentation

Here's a concise summary of the investor presentation:

**1. Business Performance:**

Muthoot Capital (MCSL) closed FY26 with AUM at ₹3,350 Cr. Q4 disbursements hit ₹569 Cr, bringing the full-year total to ₹2,349 Cr. Two-wheeler loans dominate the ₹2,807 Cr portfolio. Strong YoY growth came from Loyalty Loans (+87%), 4-wheelers (+37%), and Commercial Vehicles (+232%). Co-lending two-wheeler disbursements, however, saw a 62% YoY decline.

**2. Growth Drivers or Strategy:**

Strategic co-lending pushed the managed book to ₹788.36 Cr. MCSL is actively diversifying its product mix beyond two-wheelers. Efficient treasury management is paying off, with Q4 borrowing costs at an improved 9.63%.

**3. Recent Developments:**

MCSL secured ₹865 Cr in new bank sanctions for FY25-26, keeping ₹340 Cr unutilized for strong liquidity. New co-lending with some partners has paused, though collections continue. Total write-offs for the quarter amounted to ₹12.35 Cr.

**4. Key Financial Metrics:**

Q4 FY26 PAT: ₹55.9 Cr. Gross NPA (POS): 6.41%; Net NPA (POS): 3.50%. Debt-Equity Ratio: 4.94x. Capital Adequacy Ratio (CAR): 22.7%.

**5. Management Commentary / Outlook:**

MCSL maintains robust liquidity, with its LCR consistently above regulatory limits. The company's focus remains on diversified growth, efficient operations, and strong financial health to support future expansion.