Muthoot Finance Ltd

Muthoot Finance Ltd

₹ 1,660 2.61%
24 Apr 11:11 a.m.
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.

  • Market Cap 66,633 Cr.
  • Current Price 1,660
  • High / Low 1,698 / 1,003
  • Stock P/E 16.0
  • Book Value 598
  • Dividend Yield 1.35 %
  • ROCE 12.1 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Stock is trading at 2.79 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 3,001 3,104 2,956 3,052 3,156 3,021 2,788 2,825 3,010 3,275 3,472 3,606 3,820
Interest 1,049 1,051 1,086 1,077 1,061 1,032 1,051 1,020 1,047 1,091 1,236 1,335 1,412
600 662 553 620 692 636 624 596 715 829 847 805 872
Financing Profit 1,352 1,391 1,317 1,355 1,403 1,353 1,113 1,208 1,248 1,355 1,389 1,467 1,536
Financing Margin % 45% 45% 45% 44% 44% 45% 40% 43% 41% 41% 40% 41% 40%
16 14 8 13 12 20 16 17 21 23 37 26 23
Depreciation 17 20 15 16 18 21 17 18 20 23 19 22 24
Profit before tax 1,351 1,385 1,310 1,352 1,397 1,352 1,112 1,207 1,249 1,355 1,407 1,470 1,534
Tax % 25% 26% 25% 26% 25% 26% 26% 25% 25% 26% 26% 26% 25%
1,007 1,024 979 1,003 1,044 1,006 825 902 934 1,009 1,045 1,095 1,145
EPS in Rs 25.05 25.42 24.37 24.97 25.91 24.84 20.41 22.22 23.11 24.25 25.46 26.39 27.49
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 4,336 4,936 5,935 6,714 7,594 9,684 11,535 12,186 11,898 14,173
Interest 2,114 2,288 2,374 2,132 2,543 3,180 4,109 4,268 4,225 5,075
1,110 1,268 1,554 1,656 1,747 2,207 2,259 2,490 2,747 3,352
Financing Profit 1,112 1,381 2,007 2,927 3,305 4,298 5,167 5,428 4,926 5,746
Financing Margin % 26% 28% 34% 44% 44% 44% 45% 45% 41% 41%
1 5 3 67 6 22 32 52 75 109
Depreciation 84 59 52 52 52 59 67 70 78 89
Profit before tax 1,029 1,327 1,959 2,942 3,260 4,260 5,131 5,410 4,923 5,766
Tax % 35% 38% 38% 37% 35% 26% 26% 25% 25%
672 818 1,200 1,844 2,103 3,169 3,819 4,031 3,670 4,295
EPS in Rs 16.86 20.41 30.03 45.74 51.86 78.25 94.83 100.08 89.98 103.59
Dividend Payout % 36% 29% 20% 22% 23% 19% 21% 20% 24%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 7%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 5%
TTM: 14%
Stock Price CAGR
10 Years: 25%
5 Years: 22%
3 Years: 10%
1 Year: 59%
Return on Equity
10 Years: %
5 Years: 24%
3 Years: 22%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 398 399 399 400 401 401 401 401 401 401
Reserves 4,686 5,223 6,139 7,457 9,531 11,428 15,174 18,384 21,264 22,481
19,621 18,854 22,177 23,891 30,128 40,952 50,414 54,569 55,804 62,383
2,292 2,918 3,469 1,925 1,675 2,085 2,638 2,946 2,664 2,819
Total Liabilities 26,996 27,395 32,184 33,672 41,734 54,867 68,627 76,300 80,134 88,085
269 235 257 251 259 314 327 342 386 395
CWIP 7 11 10 6 23 29 39 52 67 83
Investments 20 49 97 177 211 630 809 523 546 1,162
26,700 27,100 31,820 33,237 41,241 53,894 67,453 75,382 79,135 86,444
Total Assets 26,996 27,395 32,184 33,672 41,734 54,867 68,627 76,300 80,134 88,085

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-479 108 -2,186 -1,432 -4,824 -4,970 -7,814 -1,596 -2,804
21 -43 -177 -126 -162 -385 37 410 180
249 -1,102 3,027 824 6,351 9,193 9,712 3,445 395
Net Cash Flow -209 -1,036 664 -734 1,364 3,838 1,935 2,260 -2,229

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 15% 20% 25% 23% 29% 28% 23% 18%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.40% 73.37% 73.37% 73.37% 73.37% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35% 73.35%
15.02% 14.16% 13.67% 12.13% 10.96% 9.93% 10.00% 9.37% 8.70% 8.12% 8.34% 8.33%
7.72% 8.26% 8.48% 9.67% 10.48% 11.76% 12.02% 12.66% 13.73% 14.64% 14.61% 14.72%
3.86% 4.20% 4.48% 4.83% 5.20% 4.96% 4.62% 4.61% 4.21% 3.87% 3.72% 3.59%
No. of Shareholders 1,68,4192,02,1282,26,0442,42,2162,59,9112,91,6462,66,2172,72,1482,46,5972,17,2332,03,2841,94,951

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls