Muthoot Finance Ltd

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

Muthoot Finance Ltd

₹ 2,083 0.85%
12 Dec 10:22 a.m.
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 ₹ 83,625 Cr.
  • Current Price ₹ 2,083
  • High / Low ₹ 2,085 / 1,262
  • Stock P/E 18.9
  • Book Value ₹ 640
  • Dividend Yield 1.14 %
  • ROCE 13.2 %
  • ROE 17.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 23.2%

Cons

  • Stock is trading at 3.23 times its book value
  • 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

Part of BSE Dollex 200 BSE Financial Services Nifty 500 Multicap 50:25:25 BSE MidCap BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 2,830 2,868 2,670 2,504 2,498 2,660 2,853 2,999 3,060 3,168 3,409 3,704 4,117
Interest 979 953 921 942 903 914 941 1,064 1,156 1,212 1,223 1,351 1,550
501 527 450 473 426 531 690 635 572 566 753 849 852
Financing Profit 1,350 1,388 1,299 1,089 1,169 1,214 1,223 1,300 1,332 1,390 1,434 1,504 1,715
Financing Margin % 48% 48% 49% 44% 47% 46% 43% 43% 44% 44% 42% 41% 42%
3 4 8 5 6 7 10 28 14 8 9 6 9
Depreciation 13 14 16 13 14 15 17 13 15 17 19 18 16
Profit before tax 1,340 1,378 1,292 1,082 1,161 1,207 1,216 1,315 1,330 1,380 1,424 1,492 1,708
Tax % 26% 25% 26% 26% 25% 25% 26% 26% 26% 26% 26% 28% 27%
994 1,029 960 802 867 902 903 975 991 1,027 1,056 1,079 1,251
EPS in Rs 24.77 25.64 23.93 19.98 21.60 22.46 22.49 24.29 24.69 25.59 26.31 26.87 31.16
Gross NPA % 2.99% 2.13% 2.58% 3.79% 4.26% 4.01% 3.62% 3.28% 3.98% 4.30%
Net NPA % 2.68% 1.90% 2.31% 3.40% 3.82% 3.59% 3.23% 2.90% 3.48% 3.68%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 5,387 4,947 4,325 4,875 5,746 6,267 6,878 8,715 10,557 11,082 10,515 12,635 14,398
Interest 2,823 2,630 2,108 2,260 2,298 1,935 2,243 2,796 3,699 3,845 3,709 4,667 5,336
1,007 1,077 1,105 1,241 1,479 1,510 1,518 1,827 1,818 1,891 2,110 2,513 3,019
Financing Profit 1,557 1,241 1,112 1,374 1,969 2,822 3,117 4,092 5,040 5,347 4,696 5,455 6,042
Financing Margin % 29% 25% 26% 28% 34% 45% 45% 47% 48% 48% 45% 43% 42%
0 0 0 0 0 66 2 8 17 16 29 59 33
Depreciation 45 47 84 58 48 44 42 43 51 54 58 66 71
Profit before tax 1,511 1,194 1,028 1,317 1,921 2,845 3,077 4,057 5,007 5,309 4,666 5,449 6,004
Tax % 34% 35% 35% 39% 39% 38% 36% 26% 26% 26% 26% 26%
1,004 780 671 810 1,180 1,778 1,972 3,018 3,722 3,954 3,474 4,050 4,413
EPS in Rs 27.02 20.99 16.85 20.29 29.53 44.43 49.22 75.26 92.78 98.53 86.52 100.87 109.93
Dividend Payout % 17% 29% 36% 30% 20% 23% 24% 20% 22% 20% 25% 24%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 6%
TTM: 24%
Compounded Profit Growth
10 Years: 18%
5 Years: 15%
3 Years: 3%
TTM: 17%
Stock Price CAGR
10 Years: 27%
5 Years: 24%
3 Years: 11%
1 Year: 41%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 19%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 372 372 398 399 399 400 401 401 401 401 401 401 401
Reserves 3,364 3,893 4,686 5,220 6,117 7,412 9,392 11,171 14,838 17,943 20,660 23,889 25,282
24,081 19,478 19,436 18,567 20,985 21,167 26,833 37,130 45,946 49,811 49,734 58,783 72,343
1,600 1,852 2,250 2,862 3,211 1,813 1,443 1,758 2,280 2,399 1,824 1,955 2,491
Total Liabilities 29,416 25,594 26,769 27,049 30,713 30,792 38,069 50,460 63,465 70,555 72,620 85,028 100,518
289 313 257 218 208 200 193 228 247 267 272 350 352
CWIP 14 14 7 9 10 6 23 29 38 46 67 88 101
Investments 82 35 38 98 209 395 983 1,438 1,590 1,320 1,317 2,268 2,698
29,031 25,232 26,467 26,723 30,286 30,191 36,871 48,765 61,589 68,921 70,964 82,322 97,366
Total Assets 29,416 25,594 26,769 27,049 30,713 30,792 38,069 50,460 63,465 70,555 72,620 85,028 100,518

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3,952 5,726 -460 214 -1,710 -87 -3,858 -4,458 -7,477 -1,142 -1,902 -9,302
-33 -3 -16 -67 -134 -194 -585 -429 48 408 188 -739
4,795 -5,107 254 -1,204 2,457 -554 5,701 8,678 9,041 2,796 -1,036 8,649
Net Cash Flow 809 617 -222 -1,058 613 -834 1,258 3,791 1,612 2,062 -2,750 -1,392

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 30% 20% 14% 15% 19% 25% 22% 28% 28% 24% 18% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.37% 73.37% 73.37% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35%
13.67% 12.13% 10.96% 9.93% 10.00% 9.37% 8.70% 8.12% 8.34% 8.33% 8.68% 9.85%
8.48% 9.67% 10.48% 11.76% 12.02% 12.66% 13.73% 14.64% 14.61% 14.72% 14.55% 13.30%
4.48% 4.83% 5.20% 4.96% 4.62% 4.61% 4.21% 3.87% 3.72% 3.59% 3.41% 3.50%
No. of Shareholders 2,26,0442,42,2162,59,9112,91,6462,66,2172,72,1482,46,5972,17,2332,03,2841,94,9511,82,9902,98,304

* 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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