Credit Services
Muthoot Microfin Limited (NSE: Muthootmf) Q2 FY27: Strong Business Momentum While Building a More Diversified and Resilient Enterprise
Muthoot Microfin Limited (MUTHOOTMF) reports strong Q2 FY27 results with highest-ever disbursements, diversified portfolio, and improved asset quality.
Muthoot Microfin Limited (NSE: MUTHOOTMF) announced its unaudited financial performance for the quarter and half year of the financial year 2026-27, showcasing strong business momentum while building a more diversified and resilient enterprise for the future. The company achieved the highest-ever quarterly disbursements of Rs. 2,900 crore, registering a growth of 27.5% year-on-year and 9.7% quarter-on-quarter.
Diversified Portfolio Growth
The Gross Loan Portfolio (GLP) reached Rs. 15,323 crore, registering a growth of 22.0% year-on-year. The non-JLG portfolio expanded to 31% of GLP, reflecting the company’s progress in diversifying its portfolio beyond the traditional JLG segment. The small and micro enterprise loan portfolio scaled to Rs. 4,164 crore, accounting for 27% of GLP, with near-zero delinquency.
Operational Efficiency and Profitability
Digital collections increased to 46.7% of total collections, up from 25% in Q2 FY26. Collection efficiency improved to 98.1%, up 477 bps year-on-year, while X-bucket collection efficiency stood at 99.9%. The active customer base stood at 32.7 lakh, supported by a pan-India network of 1,675 branches.
The recent revision of the Global Rating’s outlook to ‘Positive’ by CareEdge, following CRISIL’s upgrade of the company’s long-term rating to AA-/Stable earlier this year, further reinforces the strength of the business and the improving credit profile.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Muthoot Microfin Limited
Muthoot Microfin Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Muthoot falls 27.2% over three months and has not found a floor yet. The PEG stands at 9.23 — severely stretched. Any earnings miss could trigger a sharp de-rating. D/E reaches 3.08. High leverage in this environment is a material risk the market cannot ignore. Sellers drive 1.5x the volume of buyers. Furthermore, they controlled 17 of recent sessions versus 13 for buyers — a clear distribution signal. Revenue grows at 19.5% CAGR — a respectable pace. However, the stock drops 27.2% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of Muthoot Microfin Limited.
Credit Services
Moneyboxx Finance Limited (moneyboxx) Q3 FY27: Monthly Disbursements Cross ₹50 Crore in October 2026
Moneyboxx Finance Limited (MONEYBOXX) more than doubles monthly disbursements in two months, crossing ₹50 crore in October 2026.
Moneyboxx Finance Limited (MONEYBOXX) announced a significant acceleration in its monthly loan disbursements, reflecting growing momentum across its diversified lending platform. The Company’s monthly disbursements have more than doubled in just two months, from ₹24.5 crore in August 2026 to ₹32.4 crore in September 2026 and over ₹50 crore in October 2026 (provisional, unaudited).
Strong Branch-Led Growth
The acceleration has been led largely by the Company’s established branch network, which continues to deepen its reach across semi-urban and rural markets. This robust growth is a testament to the investments made in people, processes, and reach.
Partnership Channels Contribution
In addition, the Company’s partnership-led lending business has started contributing positively, adding a complementary distribution channel that will enable Moneyboxx to scale across multiple lending segments and reach a wider customer base.
Sustained Momentum
Moneyboxx continues to build momentum across its key business verticals, including secured MSME lending, livestock finance, rooftop solar finance, and digital lending. The Company’s strategy of combining its branch infrastructure with specialized origination partnerships is creating multiple avenues for sustainable business expansion.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Moneyboxx Finance Limited
Moneyboxx Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Moneyboxx falls 17.2% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. Sellers drive 1.9x the volume of buyers. Furthermore, they controlled 14 of recent sessions versus 16 for buyers — a clear distribution signal. Revenue grows at 59.7% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 17.2% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Moneyboxx Finance Limited.
Credit Services
Northern Arc Capital Limited (northarc) Announces ₹400 Crore+ Raise for Diversified Debt Fund
Northern Arc Capital Limited (NORTHARC) announces a ₹400 Crore+ raise for its Diversified Debt Fund, marking a significant milestone in its private credit jo.
Northern Arc Capital Limited (NORTHARC) has announced the first close of its Northern Arc Diversified Debt Fund, with commitments exceeding ₹400 crore from institutions, family offices, ultra-high-net-worth individuals (UHNIs), and high-net-worth individuals (HNIs). This fund is Northern Arc Investment Manager’s 15th private credit fund, a sector-agnostic Category II Alternative Investment Fund (AIF) focused on performing private credit opportunities. Rated AA(SO) by CareEdge Ratings, the fund targets a corpus of ₹1,500 crore, with an additional greenshoe option of ₹500 crore, taking its potential size to ₹2,000 crore, with a tenure of five years, the fund targets 16% XIRR.
Maturity of Northern Arc India Impact Fund
The announcement coincides with the maturity of Northern Arc India Impact Fund, which channelled global capital into financial inclusion opportunities across India. Over its tenure, the fund supported 60 businesses across credit cycles, with gross deployment of over ₹1398 crore at fund level, backed by investments from ultra-high-net-worth individuals (UHNIs), family offices, and domestic and global institutional investors.
Investor Confidence and Future Prospects
Commenting on the announcements, Ashish Mehrotra, Managing Director and Chief Executive Officer, Northern Arc Capital, said, “The first close of the Northern Arc Diversified Debt Fund reflects continued investor interest in private credit and its evolving role in sophisticated investment portfolios. The maturity of our Northern Arc India Impact Fund further demonstrates our experience in managing private credit investments across credit cycles. Together, these milestones reinforce our focus on disciplined credit selection, portfolio diversification, and risk management.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Northern Arc Capital Limited
Northern Arc Capital Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Northern moves sideways over three months, with neither buyers nor sellers taking control. The PEG of 0.55 signals undervaluation relative to growth. It is a potential re-rating candidate. D/E reaches 2.87. High leverage in this environment is a material risk the market cannot ignore. The stock holds at 59% of its 52-week range with RSI at 40. In other words, neither side has a clear edge right now. Revenue grows at 30.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Northern Arc Capital Limited.
Credit Services
Onemi Technology Solutions Limited (kissht) Achieves ₹10,000 Crore AUM Milestone
OnEMI Technology Solutions Limited (KISSHT) crosses ₹10,000 crore AUM, marking a significant milestone in its growth driven by digital lending.
OnEMI Technology Solutions Limited (Kissht) announced today that its Assets Under Management (AUM) have crossed the ₹10,000 crore milestone. This significant achievement reflects the scale built on a fully digital, AI-led underwriting platform and a growing secured lending book. Kissht has leveraged technology, data, and artificial intelligence across the lending lifecycle to scale its credit offerings and expand access to credit across India.
Digital Lending Platform Success
Kissht’s proprietary AI-led underwriting models, technology-enabled collections infrastructure, and expanding network of lending and co-lending partners have enabled it to scale its credit offerings. While personal loans continue to form the core of its business, its Loan Against Property portfolio is steadily expanding, strengthening the secured lending franchise and diversifying its product mix.
Leadership Insights
Mr. Ranvir Singh, Chairman, Director & CEO, Kissht, said, “Crossing ₹10,000 crore in AUM is a proud moment for everyone at Kissht, and a significant milestone in our journey. This growth is built on the same principles we started with: disciplined underwriting, robust collections, and a scalable, technology-led platform. At the heart of our journey is our vision to make access to credit effortless, secure, and human-centered, combining technology with an empathetic understanding of our customers’ needs.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of OnEMI Technology Solutions Limited
OnEMI Technology Solutions Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
OnEMI rises 11.6% over three months, with buying pressure holding steady. The PEG of 0.13 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. The business compounds revenue at 16.6% and profits at 140.9% CAGR. That is strong double-digit growth on both counts. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 18 of recent sessions versus 12 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 16.6%, profits at 140.9%, and the PEG sits at 0.13 — below its growth rate. That combination is rare. Check Fundamentals of OnEMI Technology Solutions Limited.
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