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 3.3

Current Price ₹2086.1

Book Value ₹ 639.8

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.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Operating Revenue	1710	1365	1662	1580	1647
Other Income	4	12	0	11	55
Total Income	1713	1377	1662	1591	1703
Total Expenditure	565	312	418	364	418
Operating Profit	1149	1065	1244	1227	1284
Interest Expense	546	512	493	472	454
Depreciation	13	10	11	11	11
Profit Before Tax	589	542	740	743	819
Provision for Tax	268	197	294	264	311
Profit After Tax	322	345	446	479	508
Adjustments	-322	-345	-446	-479	-508
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	8.1	8.6	11.2	12	12.7

Muthoot Finance Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Operating Revenue	4928	4314	4861	5729	6267	6878	8715	10557	11082	10515	12635	6254
Other Income	31	11	14	18	67	2	8	17	16	29	59	78
Total Income	4958	4325	4875	5747	6333	6881	8723	10574	11098	10544	12694	6333
Total Expenditure	1088	1105	1241	1479	1510	1519	1827	1818	1891	2110	2513	1512
Operating Profit	3871	3220	3634	4267	4823	5362	6896	8756	9208	8434	10181	4820
Interest Expense	2630	2108	2260	2298	1935	2243	2796	3699	3845	3709	4667	1931
Depreciation	47	84	58	48	44	42	43	51	54	58	66	43
Profit Before Tax	1194	1028	1317	1921	2845	3077	4057	5007	5309	4666	5449	2844
Provision for Tax	413	357	507	741	1067	1105	1039	1284	1355	1193	1399	1066
Profit After Tax	780	671	810	1180	1778	1972	3018	3722	3954	3474	4050	1778
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-1778
Profit After Adjustments	780	671	810	1180	1778	1972	3018	3722	3954	3474	4050	0
Adjusted Earnings Per Share	21	16.8	20.3	29.5	44.4	49.2	75.3	92.8	98.5	86.5	100.9	44.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	6%	13%	10%
Operating Profit CAGR	21%	5%	14%	10%
PAT CAGR	17%	3%	15%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	44%	12%	23%	27%
ROE Average	18%	20%	23%	21%
ROCE Average	13%	13%	14%	15%

Muthoot Finance Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	4265	5084	5619	6516	7812	9793	11572	15239	18345	21062	24290
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	6905	6713	5276	4231	7367	9686	13172	21425	27745	30389	38755
Current Liability	13932	14118	15386	19991	15317	18559	25674	26761	24428	21120	21935
Other Liabilities & Provisions	878	1174	1075	616	290	14	41	11	-12	9	15
Total Liabilities	25980	27088	27356	31355	30786	38051	50460	63436	70506	72580	84996
Loans	0	0	0	12	0	0	0	0	0	0	0
Investments	5	38	98	209	394	983	1032	1067	1317	1312	2265
Fixed Assets	313	257	218	208	200	193	228	247	267	272	350
Other Loans	102	98	100	101	103	102	96	135	121	127	157
Other Non Current Assets	14	7	9	10	6	28	43	55	59	81	98
Current Assets	25546	26687	26930	30814	30082	36747	49061	61932	68742	70788	82126
Total Assets	25980	27088	27356	31355	30786	38051	50460	63436	70506	72580	84996

Muthoot Finance Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	1340	1957	1734	676	1290	455	1713	5505	7117	9179	6429
Cash Flow from Operating Activities	5726	-460	214	-1710	-87	-3858	-4458	-7477	-1142	-1902	-9302
Cash Flow from Investing Activities	-3	-16	-67	-134	-194	-585	-429	48	408	188	-739
Cash Flow from Financing Activities	-5107	254	-1204	2457	-554	5701	8678	9041	2796	-1036	8649
Net Cash Inflow / Outflow	617	-222	-1058	613	-834	1258	3791	1612	2062	-2750	-1392
Closing Cash & Cash Equivalent	1957	1735	676	1290	455	1713	5505	7117	9179	6429	5037

Muthoot Finance Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	20.99	16.85	20.29	29.53	44.43	49.22	75.26	92.78	98.53	86.53	100.87
CEPS(Rs)	22.26	18.96	21.73	30.74	45.53	50.27	76.34	94.04	99.87	87.98	102.51
DPS(Rs)	6	6	6	6	10	12	15	20	20	22	24
Book NAV/Share(Rs)	114.46	127.22	140.27	162.57	194.82	244	288.22	379.57	456.92	524.6	605.02
Net Profit Margin	15.83	15.54	16.65	20.6	28.37	28.67	34.63	35.26	35.68	33.03	32.05
Operating Margin	77.58	72.69	73.57	73.65	76.27	77.34	78.64	82.46	82.6	79.66	80.06
PBT Margin	24.22	23.83	27.09	33.53	45.4	44.73	46.56	47.42	47.91	44.38	43.12
ROA(%)	2.79	2.53	2.97	4.02	5.72	5.73	6.82	6.54	5.9	4.86	5.14
ROE(%)	19.53	14.39	15.19	19.52	24.88	22.45	28.29	27.79	23.56	17.63	17.86
ROCE(%)	14.83	13	14.69	16.32	16.92	16.22	16.06	15.84	14.15	12.06	13.15
Price/Earnings(x)	8.18	12.4	8.78	12.51	9.17	12.51	8.13	13	13.49	11.32	14.65
Price/Book(x)	1.5	1.64	1.27	2.27	2.09	2.52	2.12	3.18	2.91	1.87	2.44
Dividend Yield(%)	3.5	2.87	3.37	1.62	2.45	1.95	2.45	1.66	1.5	2.25	1.62
EV/Net Sales(x)	4.83	6.03	5.14	5.97	5.9	7.24	6.43	8.25	8.48	7.85	8.95
EV/Core EBITDA(x)	6.15	8.08	6.88	8.02	7.67	9.28	8.12	9.95	10.2	9.79	11.11
Interest Earned Growth(%)	-8.04	-12.46	12.69	17.84	9.39	9.76	26.7	21.14	4.97	-5.12	20.16
Net Profit Growth	-22.32	-14.04	20.73	45.74	50.66	10.95	53.05	23.32	6.24	-12.16	16.59
EPS Growth(%)	-22.32	-19.71	20.42	45.57	50.45	10.77	52.9	23.27	6.2	-12.18	16.58
Interest Coverage(x) %	1.45	1.49	1.58	1.84	2.47	2.37	2.45	2.35	2.38	2.26	2.17

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 3.3 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.