Muthoot Finance Ltd

Muthoot Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Muthoot Finance Ltd

₹ 1,652 -0.24%
19 Apr - close price
muthootfinance.com; www.muthootgroup.com BSE: 533398 NSE : MUTHOOTFIN
About

Muthoot Finance is NBFC engaged in the business of providing gold loans. The company predominately operates in Southern India[1]

Key Points

Muthoot Group & Primary Business[1]
1 Muthoot Finance Limited (Holding Co.): Gold Loans
2 Muthoot Homefin (India) Ltd.: Affordable Housing Finance
3 Belstar Microfinance Ltd.: Microfinance
4 Muthoot Money Ltd.: Vehicle Finance
5 Asia Asset Finance PLC : Listed Diversified NBFC in Sri Lanka
6 Muthoot Insurance Brokers Pvt. Ltd. : Insurance Broking
7 Muthoot Asset Management Private Ltd.
8 Muthoot Trustee Private Ltd.

Website BSE NSE
  • Market Cap ₹ 66,311 Cr.
  • Current Price ₹ 1,652
  • High / Low ₹ 1,698 / 1,003
  • Stock P/E 17.0
  • Book Value ₹ 579
  • Dividend Yield 1.33 %
  • ROCE 12.1 %
  • ROE 17.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 22.4%

Cons

  • Stock is trading at 2.85 times its book value
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 2,765 2,824 2,714 2,830 2,868 2,670 2,504 2,498 2,660 2,853 2,999 3,060 3,168
Interest 946 951 982 979 953 921 942 903 914 941 1,064 1,156 1,212
485 512 421 501 527 450 473 426 531 690 635 572 566
Financing Profit 1,334 1,361 1,310 1,350 1,388 1,299 1,089 1,169 1,214 1,223 1,300 1,332 1,390
Financing Margin % 48% 48% 48% 48% 48% 49% 44% 47% 46% 43% 43% 44% 44%
12 4 1 3 4 8 5 6 7 10 28 14 8
Depreciation 14 15 11 13 14 16 13 14 15 17 13 15 17
Profit before tax 1,331 1,350 1,300 1,340 1,378 1,292 1,082 1,161 1,207 1,216 1,315 1,330 1,380
Tax % 26% 26% 25% 26% 25% 26% 26% 25% 25% 26% 26% 26% 26%
991 996 971 994 1,029 960 802 867 902 903 975 991 1,027
EPS in Rs 24.71 24.82 24.21 24.77 25.64 23.93 19.98 21.60 22.46 22.49 24.29 24.69 25.59
Gross NPA % 2.99% 2.13% 2.58% 3.79% 4.26% 4.01% 3.62%
Net NPA % 2.68% 1.90% 2.31% 3.40% 3.82% 3.59% 3.23%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 4,549 5,387 4,947 4,325 4,875 5,746 6,267 6,878 8,715 10,557 11,082 10,515 12,080
Interest 2,372 2,823 2,630 2,108 2,260 2,298 1,935 2,243 2,796 3,699 3,845 3,709 4,373
813 1,007 1,077 1,105 1,241 1,479 1,510 1,518 1,827 1,818 1,891 2,110 2,462
Financing Profit 1,364 1,557 1,241 1,112 1,374 1,969 2,822 3,117 4,092 5,040 5,347 4,696 5,245
Financing Margin % 30% 29% 25% 26% 28% 34% 45% 45% 47% 48% 48% 45% 43%
0 0 0 0 0 0 66 2 8 17 16 29 60
Depreciation 33 45 47 84 58 48 44 42 43 51 54 58 63
Profit before tax 1,331 1,511 1,194 1,028 1,317 1,921 2,845 3,077 4,057 5,007 5,309 4,666 5,242
Tax % 33% 34% 35% 35% 39% 39% 38% 36% 26% 26% 26% 26%
892 1,004 780 671 810 1,180 1,778 1,972 3,018 3,722 3,954 3,474 3,896
EPS in Rs 24.00 27.02 20.99 16.85 20.29 29.53 44.43 49.22 75.26 92.78 98.53 86.52 97.06
Dividend Payout % 17% 17% 29% 36% 30% 20% 23% 24% 20% 22% 20% 25%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 6%
TTM: 17%
Compounded Profit Growth
10 Years: 13%
5 Years: 14%
3 Years: 5%
TTM: 10%
Stock Price CAGR
10 Years: 26%
5 Years: 23%
3 Years: 13%
1 Year: 60%
Return on Equity
10 Years: 22%
5 Years: 23%
3 Years: 22%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 372 372 372 398 399 399 400 401 401 401 401 401 401
Reserves 2,554 3,364 3,893 4,686 5,220 6,117 7,412 9,392 11,171 14,838 17,943 20,660 21,779
19,376 24,081 19,478 19,436 18,567 20,985 21,167 26,833 37,130 45,946 49,811 49,734 55,322
1,070 1,600 1,852 2,250 2,862 3,211 1,813 1,443 1,758 2,280 2,399 1,824 1,905
Total Liabilities 23,372 29,416 25,594 26,769 27,049 30,713 30,792 38,069 50,460 63,465 70,555 72,620 79,408
263 289 313 257 218 208 200 193 228 247 267 272 280
CWIP 6 14 14 7 9 10 6 23 29 38 46 67 83
Investments 98 82 35 38 98 209 395 983 1,438 1,590 1,320 1,317 2,354
23,006 29,031 25,232 26,467 26,723 30,286 30,191 36,871 48,765 61,589 68,921 70,964 76,690
Total Assets 23,372 29,416 25,594 26,769 27,049 30,713 30,792 38,069 50,460 63,465 70,555 72,620 79,408

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-8,709 -3,952 5,726 -460 214 -1,710 -87 -3,858 -4,458 -7,477 -1,142 -1,902
-188 -33 -3 -16 -67 -134 -194 -585 -429 48 408 188
8,329 4,795 -5,107 254 -1,204 2,457 -554 5,701 8,678 9,041 2,796 -1,036
Net Cash Flow -568 809 617 -222 -1,058 613 -834 1,258 3,791 1,612 2,062 -2,750

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 42% 30% 20% 14% 15% 19% 25% 22% 28% 28% 24% 18%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.40% 73.40% 73.37% 73.37% 73.37% 73.37% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35%
15.99% 15.02% 14.16% 13.67% 12.13% 10.96% 9.93% 10.00% 9.37% 8.70% 8.12% 8.34%
6.60% 7.72% 8.26% 8.48% 9.67% 10.48% 11.76% 12.02% 12.66% 13.73% 14.64% 14.61%
4.02% 3.86% 4.20% 4.48% 4.83% 5.20% 4.96% 4.62% 4.61% 4.21% 3.87% 3.72%
No. of Shareholders 1,60,7891,68,4192,02,1282,26,0442,42,2162,59,9112,91,6462,66,2172,72,1482,46,5972,17,2332,03,284

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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