Muthoot Capital Services Ltd

Muthoot Capital Services is a Systemically Important Deposit Accepting Non-Banking Financial Company (NBFC) primarily engaged in the business of financing for purchase of automobiles, mainly two wheelers against hypothecation of the vehicles and granting of personal/business loans etc.(Source : 201903 Annual Report Page No: 106)

  • Market Cap: 993.27 Cr.
  • Current Price: 603.90
  • 52 weeks High / Low 1049.40 / 420.00
  • Book Value: 288.69
  • Stock P/E: 15.30
  • Dividend Yield: 0.00 %
  • ROCE: 18.11 %
  • ROE: 18.94 %
  • Sales Growth (3Yrs): 32.83 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Company has good consistent profit growth of 28.35% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding has decreased by -12.31% over last 3 years.

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Figures in Rs. Crores

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
Revenue 80 79 95 105 119 114 132 135 136 144 145 151
Interest 26 28 30 32 32 39 44 46 45 56 58 58
37 42 48 49 53 47 54 51 64 61 64 67
Financing Profit 17 10 16 24 33 27 33 38 28 27 23 26
Financing Margin % 22% 12% 17% 23% 28% 24% 25% 28% 21% 19% 16% 17%
Other Income -0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 17 9 16 24 33 27 33 38 28 27 23 26
Tax % 34% 35% 35% 35% 35% 35% 36% 35% 35% 49% 38% 26%
Net Profit 11 6 10 16 22 18 21 25 18 14 14 19
EPS in Rs 8.12 4.44 7.56 10.37 13.08 10.65 13.02 14.92 11.14 8.26 8.54 11.52
Gross NPA % 6.20% 7.10% 6.60% 5.50% 4.60% 5.30% 5.60% 5.70% 5.40% 6.40% 6.60% 0.00%
Net NPA % 4.80% 5.80% 5.00% 4.00% 3.00% 3.40% 3.50% 3.30% 3.10% 3.60% 3.70% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 12 17 22 37 67 107 159 191 228 284 398 535 576
Interest 4 6 7 12 20 36 60 77 98 125 167 223 216
2 3 5 11 24 38 62 79 94 112 148 184 256
Financing Profit 6 8 11 15 23 32 36 35 36 47 83 128 104
Financing Margin % 49% 48% 48% 39% 34% 30% 23% 18% 16% 17% 21% 24% 18%
Other Income 0 0 0 0 0 0 -2 1 0 0 0 1 0
Depreciation 0 0 0 0 0 1 1 1 1 1 1 1 1
Profit before tax 6 8 11 15 23 32 34 34 35 46 82 127 103
Tax % 35% 35% 34% 33% 33% 33% 34% 35% 36% 35% 35% 35%
Net Profit 4 5 7 10 16 22 22 22 23 30 54 82 65
EPS in Rs 10.81 15.27 15.51 15.34 15.66 21.97 32.64 50.11 39.46
Dividend Payout % 24% 24% 23% 20% 28% 23% 25% 28% 30% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:41.12%
5 Years:27.52%
3 Years:32.83%
TTM:15.23%
Compounded Profit Growth
10 Years:31.28%
5 Years:28.35%
3 Years:53.36%
TTM:-23.60%
Stock Price CAGR
10 Years:26.19%
5 Years:25.09%
3 Years:34.97%
1 Year:-33.45%
Return on Equity
10 Years:19.83%
5 Years:18.37%
3 Years:18.80%
Last Year:18.94%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
6 6 6 6 12 12 12 12 12 12 16 16 16
Reserves 6 10 15 22 75 90 106 121 135 166 377 460 458
Borrowings 35 53 80 141 213 354 571 700 878 991 1,441 1,555 2,046
10 12 13 12 15 20 25 43 47 109 143 229 299
Total Liabilities 57 81 114 181 315 476 715 876 1,072 1,278 1,978 2,261 2,820
0 0 0 1 1 2 3 2 2 2 2 2 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 7 14 14 15 18 19 17
56 80 113 181 314 474 705 860 1,057 1,261 1,957 2,240 2,800
Total Assets 57 81 114 181 315 476 715 876 1,072 1,278 1,978 2,261 2,820

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-9 -18 -24 -63 -108 -142 -199 -129 -166 -99 -614 -46
-0 0 -0 -0 -1 -2 -8 -6 0 -2 -3 0
9 19 25 65 116 135 214 130 165 107 619 113
Net Cash Flow -0 1 0 1 7 -9 7 -5 -0 6 2 67

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 37% 38% 38% 39% 27% 23% 21% 18% 16% 18% 19% 19%

Credit Ratings