Muthoot Finance Ltd

Muthoot Finance collectively operating under the brand name of The Muthoot Group, which has diversified interests in the fields of Financial Services, Healthcare, Education, Plantations, Real Estate, Foreign Exchange, Information Technology, Insurance Distribution, Hospitality etc. The Company obtained permission from the Reserve Bank of India for carrying on the business of Non-Banking Financial Institutions on 13-11-2001 vide Regn No. N 16.00167. The Company is presently classified as Systemically Important Non-Deposit Taking NBFC (NBFC-ND-SI).

Pros:
Company has been maintaining a healthy dividend payout of 24.38%
Cons:
The company has delivered a poor growth of 2.78% over past five years.

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
Revenue 1,296 1,382 1,341 1,710 1,365 1,662 1,580 1,647 1,632 1,650 1,717 1,880
Interest 557 594 597 546 512 493 472 454 502 535 589 611
308 319 292 565 312 418 364 418 367 359 335 463
Financing Profit 431 469 452 599 541 750 743 776 763 755 793 805
Financing Margin % 33% 34% 34% 35% 40% 45% 47% 47% 47% 46% 46% 43%
Other Income 4 4 6 4 12 0 11 55 1 0 1 1
Depreciation 12 11 12 13 10 11 12 11 9 10 11 12
Profit before tax 424 462 446 589 542 740 743 819 755 745 782 794
Tax % 36% 36% 35% 45% 36% 40% 36% 38% 35% 35% 38% 36%
Net Profit 270 297 291 322 345 446 479 508 492 484 485 512
Gross NPA % 2.17% 2.19% 2.92% 2.06% 2.25% 4.56% 5.62% 6.98% 4.56% 0.00% 0.00% 0.00%
Net NPA % 1.78% 1.82% 2.54% 1.69% 1.89% 3.99% 4.93% 6.16% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
Revenue 230 367 616 1,077 2,316 4,549 5,387 4,947 4,325 4,875 5,746 6,177 6,878
Interest 100 182 317 479 1,040 2,372 2,823 2,630 2,108 2,260 2,298 1,943 2,237
60 82 146 250 497 813 1,007 1,077 1,105 1,241 1,479 1,499 1,525
Financing Profit 70 102 154 349 779 1,364 1,557 1,241 1,112 1,374 1,969 2,735 3,116
Financing Margin % 30% 28% 25% 32% 34% 30% 29% 25% 26% 28% 34% 44% 45%
Other Income 4 2 5 12 0 0 0 0 0 0 0 66 2
Depreciation 7 7 10 15 18 33 45 47 84 58 48 44 42
Profit before tax 67 97 148 346 761 1,331 1,511 1,194 1,028 1,317 1,921 2,757 3,077
Tax % 34% 34% 34% 34% 35% 33% 34% 35% 35% 39% 39% 38%
Net Profit 44 64 98 228 494 892 1,004 780 671 810 1,180 1,720 1,972
EPS in Rs 23.35 26.29 19.97 15.76 19.07 28.31 40.97
Dividend Payout % 0% 0% 0% 0% 0% 17% 17% 29% 36% 30% 20% 23%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:32.63%
5 Years:2.78%
3 Years:12.62%
TTM:9.97%
Compounded Profit Growth
10 Years:39.07%
5 Years:11.37%
3 Years:36.90%
TTM:10.95%
Return on Equity
10 Years:22.88%
5 Years:18.95%
3 Years:19.99%
Last Year:24.10%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
5 5 49 301 320 372 372 372 398 399 399 400 401
Reserves 154 217 321 284 1,014 2,554 3,364 3,893 4,686 5,220 6,117 7,360 9,392
Borrowings 1,383 1,915 3,166 5,281 11,934 19,376 24,081 19,478 19,436 18,567 20,985 21,199 18,417
72 162 237 579 457 1,070 1,600 1,855 2,250 2,862 3,211 2,422 9,858
Total Liabilities 1,614 2,299 3,773 6,444 13,726 23,372 29,416 25,597 26,769 27,049 30,713 31,382 38,069
50 99 116 124 184 263 289 313 257 218 208 200 193
CWIP 14 9 13 29 5 6 14 14 7 9 10 6 23
Investments 24 18 9 8 8 98 82 35 38 98 209 384 983
1,527 2,173 3,635 6,283 13,530 23,006 29,031 25,235 26,467 26,723 30,286 30,792 36,871
Total Assets 1,614 2,299 3,773 6,444 13,726 23,372 29,416 25,597 26,769 27,049 30,713 31,382 38,069

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-554 -277 -663 -2,386 -6,038 -8,709 -3,952 5,726 -460 214 -1,710 -52
-29 -54 -12 -36 -76 -188 -33 -3 -16 -67 -134 -187
602 533 1,300 2,115 6,740 8,329 4,795 -5,107 254 -1,204 2,457 -595
Net Cash Flow 19 202 624 -307 626 -568 809 617 -222 -1,058 613 -834

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROE % 35% 33% 33% 48% 52% 42% 30% 20% 14% 15% 19% 24%

Credit Ratings