Muthoot Finance

₹2086.1 52.4 | 2.6%

WEBSITE BSE:533398 NSE : MUTHOOT FIN 26 Dec, 16:01

Market Cap ₹83747 Cr.

Stock P/E 18.7

P/B 3.1

Current Price ₹2086.1

Book Value ₹ 663

Face Value 10

52W High ₹2156.6

Dividend Yield 1.15%

52W Low ₹ 1262.3

Edit Ratio

Muthoot Finance Research see more...

Overview Inc. Year: 1997Industry: Finance - NBFC

Muthoot Finance Limited is a gold financing agency. The Company is a NBFC, that's engaged in providing loan (financing) towards collateral of jewellery. The Company operates through 2 segments: Financing and Power Generation. The Company offers personal and business loans (secured by using gold jewellery) primarily to individuals having no access to formal credit for an inexpensive tenure to fulfill their short-term period operating capital necessities. The Company offers gold loans, foreign inward cash switch services, foreign exchange services, coverage broker, domestic loans, private loans, series offerings, microfinance, wind mill power generation, white label computerized teller machine, immediately cash transfer offerings and domestic cash transfer offerings. The Company has a community of approximately 4,294 branches throughout India. In Sri Lanka, the Company offer corporate loans, mortgage loans, factoring, business loan and short term loans, among others.

Muthoot Finance Share Price

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Peer Comparison

Muthoot Finance Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Operating Revenue	2788	2825	3010	3275	3472	3606	3820	4164	4474	4929
Other Income	16	17	21	23	37	26	23	16	19	29
Total Income	2804	2842	3030	3298	3509	3632	3843	4179	4492	4957
Total Expenditure	624	596	715	829	847	805	872	1121	1226	1324
Operating Profit	2180	2246	2315	2469	2662	2827	2971	3058	3266	3634
Interest Expense	1051	1021	1047	1091	1236	1335	1412	1447	1595	1807
Depreciation	17	18	20	23	19	22	24	27	26	25
Profit Before Tax	1112	1207	1249	1355	1407	1470	1534	1585	1646	1802
Provision for Tax	287	305	315	346	362	375	389	403	450	481
Profit After Tax	825	902	934	1009	1045	1095	1145	1182	1196	1321
Adjustments	-6	-10	-6	-36	-23	-36	-42	-43	-32	-50
Profit After Adjustments	819	892	928	974	1022	1060	1104	1139	1164	1272
Adjusted Earnings Per Share	20.4	22.2	23.1	24.2	25.5	26.4	27.5	28.4	29	31.7

Muthoot Finance Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	4325	4920	5911	6713	7594	9687	11535	12186	11898	15062	17387
Other Income	12	21	28	69	7	26	36	53	77	101	87
Total Income	4337	4941	5938	6782	7601	9714	11570	12238	11975	15163	17471
Total Expenditure	1110	1268	1554	1656	1747	2214	2263	2490	2749	3623	4543
Operating Profit	3227	3673	4384	5126	5854	7499	9308	9748	9226	11540	12929
Interest Expense	2114	2288	2374	2132	2543	3180	4109	4268	4225	5452	6261
Depreciation	84	59	52	52	52	59	67	70	78	92	102
Profit Before Tax	1029	1327	1959	2942	3260	4260	5131	5410	4923	5997	6567
Provision for Tax	357	509	751	1098	1157	1092	1313	1379	1253	1529	1723
Profit After Tax	672	818	1207	1844	2103	3169	3819	4031	3670	4468	4844
Adjustments	-1	-3	-7	-14	-25	-30	-14	-15	-57	-143	-167
Profit After Adjustments	671	815	1200	1830	2078	3138	3804	4017	3612	4324	4679
Adjusted Earnings Per Share	16.9	20.4	30	45.7	51.9	78.3	94.8	100.1	90	107.7	116.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	9%	15%	0%
Operating Profit CAGR	25%	7%	15%	0%
PAT CAGR	22%	5%	16%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	44%	12%	23%	27%
ROE Average	19%	20%	24%	22%
ROCE Average	13%	13%	14%	15%

Muthoot Finance Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	5084	5622	6538	7857	9931	11829	15575	18786	21666	25107
Minority's Interest	29	38	72	73	142	172	185	352	487	647
Borrowings	6766	5427	4845	9664	12797	16947	25863	32478	36374	47679
Current Liability	14261	15180	20047	15778	18830	25870	26960	24633	21547	22952
Other Liabilities & Provisions	1170	1071	618	281	-2	46	-0	-41	11	-14
Total Liabilities	27310	27338	32121	33653	41698	54865	68582	76208	80085	96372
Loans	92	136	705	0	0	0	0	0	0	0
Investments	5	15	16	56	184	575	240	476	403	523
Fixed Assets	269	235	257	237	244	298	313	332	377	472
Other Loans	99	103	102	106	123	133	161	148	188	268
Other Non Current Assets	7	11	44	12	38	54	63	76	94	121
Current Assets	26839	26839	30996	33227	41094	53789	67791	75166	79014	94978
Total Assets	27310	27338	32121	33653	41698	54865	68582	76208	80085	96372

Muthoot Finance Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1957	1748	711	1375	641	2028	5866	7801	10060	7831
Cash Flow from Operating Activities	-479	108	-2186	-1432	-4824	-4970	-7814	-1596	-2804	-13754
Cash Flow from Investing Activities	-13	-46	-183	-125	-165	-384	40	422	181	45
Cash Flow from Financing Activities	249	-1102	3027	824	6351	9193	9712	3445	395	11958
Net Cash Inflow / Outflow	-243	-1039	657	-734	1362	3839	1938	2271	-2228	-1751
Closing Cash & Cash Equivalent	1748	711	1375	641	2006	5866	7801	10060	7831	6082

Muthoot Finance Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	16.86	20.41	30.03	45.74	51.86	78.25	94.83	100.08	89.98	107.71
CEPS(Rs)	18.99	21.97	31.52	47.39	53.78	80.49	96.87	102.19	93.36	113.58
DPS(Rs)	6	6	6	10	12	15	20	20	22	24
Book NAV/Share(Rs)	127.23	140.35	163.11	195.93	247.46	294.64	387.95	467.92	539.64	625.37
Net Profit Margin	15.53	16.62	20.42	27.47	27.69	32.71	33.11	33.08	30.84	29.66
Operating Margin	72.67	73.46	73.3	75.58	76.4	76.8	80.11	79.42	76.89	76.01
PBT Margin	23.79	26.96	33.14	43.83	42.92	43.98	44.49	44.4	41.38	39.81
ROA(%)	2.46	2.99	4.06	5.61	5.58	6.56	6.19	5.57	4.7	5.06
ROE(%)	13.26	15.34	19.93	25.69	23.69	29.16	27.89	23.48	18.15	19.1
ROCE(%)	12.72	14.7	16.29	16.78	16.16	16.03	15.56	13.89	12.13	13.4
Price/Earnings(x)	12.39	8.72	12.3	8.91	11.87	7.82	12.72	13.28	10.88	13.72
Price/Book(x)	1.64	1.27	2.26	2.08	2.49	2.08	3.11	2.84	1.81	2.36
Dividend Yield(%)	2.87	3.37	1.62	2.45	1.95	2.45	1.66	1.5	2.25	1.62
EV/Net Sales(x)	6.05	5.13	5.97	5.88	6.93	6.12	7.87	8.01	7.32	8.06
EV/Core EBITDA(x)	8.11	6.87	8.05	7.7	8.98	7.91	9.75	10.01	9.44	10.51
Interest Earned Growth(%)	0	13.77	20.14	13.57	13.14	27.56	19.07	5.64	-2.36	26.59
Net Profit Growth	0	21.78	47.62	52.72	14.06	50.68	20.52	5.56	-8.97	21.74
EPS Growth(%)	0	21.06	47.13	52.3	13.39	50.88	21.18	5.54	-10.09	19.71
Interest Coverage(x) %	1.49	1.58	1.83	2.38	2.28	2.34	2.25	2.27	2.17	2.1

Muthoot Finance Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	73.37	73.35	73.35	73.35	73.35	73.35	73.35	73.35	73.35	73.35
FII	10.96	9.93	10	9.37	8.7	8.12	8.33	8.33	8.69	9.84
DII	10.48	11.76	12.02	12.66	13.73	14.65	14.6	14.71	14.55	13.3
Public	5.2	4.96	4.63	4.62	4.22	3.89	3.72	3.6	3.42	3.52
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	29.45	29.45	29.45	29.45	29.45	29.45	29.45	29.45	29.45	29.45
FII	4.4	3.99	4.02	3.76	3.49	3.26	3.34	3.35	3.49	3.95
DII	4.21	4.72	4.82	5.08	5.51	5.88	5.86	5.91	5.84	5.34
Public	2.09	1.99	1.86	1.85	1.7	1.56	1.49	1.45	1.37	1.41
Others	0	0	0	0	0	0	0	0	0	0
Total	40.14	40.14	40.14	40.14	40.14	40.15	40.15	40.15	40.15	40.15

Pros

Cons

Stock is trading at 3.1 times its book value.

* 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.