Is Muthoot Finance a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Muthoot Finance Ltd is a good quality company .

Is Muthoot Finance undervalued or overvalued?

The key valuation ratios of Muthoot Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Muthoot Finance share price return in the past 10 years?

Muthoot Finance Ltd share price has appreciated 26.1% annually (CAGR) over the past ten years.

Is Muthoot Finance a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Muthoot Finance Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Muthoot Finance Ltd - Stock Valuation and Financial Performance

Name: Muthoot Finance
Brand: Muthoot Finance

BSE: 533398 | NSE: MUTHOOTFIN | Finance - NBFC | Mid Cap

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Muthoot Finance Share Price

₹1,926.60 26.40 1.39%
as on 22-Nov'24 16:59

10 Year X-Ray of Muthoot Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Operating Income (₹ Cr.)	4,314	4,861	5,729	6,267	6,878	8,715	10,557	11,082	10,515	12,635	14,290
YoY Gr. Rt. %	-	12.7%	17.8%	9.4%	9.8%	26.7%	21.1%	5%	-5.1%	20.2%	-
Adj EPS (₹ )	16.9	20.3	29.5	44.4	49.2	75.3	92.8	98.5	86.5	100.9	109.9
YoY Gr. Rt. %	-	20.4%	45.5%	50.5%	10.8%	52.9%	23.3%	6.2%	-12.2%	16.6%	-
BVPS (₹ )	127.2	140.3	162.6	194.8	244	288.2	379.6	456.9	524.6	605	639.8
YoY Gr. Rt. %	-	10.3%	15.9%	19.8%	25.2%	18.1%	31.7%	20.4%	14.8%	15.3%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	2.5	3	4	5.7	5.7	6.8	6.5	5.9	4.9	5.1	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	12.7%	12.9%	6.2%	20.2%
Adj EPS	22%	15.4%	2.8%	16.6%
BVPS	18.9%	19.9%	16.8%	15.3%
Share Price	26.1%	23%	8%	44.9%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Asset Quality Ratio	To view Asset Quality Ratio Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	1.9	2.5	1.7	6.2	0.7	1.7	0	0	0	0	-
Capitalization Ratio	To view Capitalization Ratio Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	24.8	24.5	24.9	26.6	26.1	25.5	0	0	0	0	-
Margins
Net Profit Margin (%)	15.5	16.7	20.6	28.4	28.7	34.6	35.3	35.7	33	32.1	30.9
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	14.4	15.2	19.5	24.9	22.5	28.3	27.8	23.6	17.6	17.9	17.2

Recent Performance Summary

Total Income has increased 6.17 CAGR in last 3 years

Net Profit has increased 2.83 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 17.70%

Latest Financials - Muthoot Finance Ltd.

	Standalone	Consolidated
TTM EPS (₹)	109.9	116.5
TTM Sales (₹ Cr.)	14,290	17,044
BVPS (₹.) ⓘ	639.8	663
Reserves (₹ Cr.) ⓘ	25,282	26,214
P/BV ⓘ	2.99	2.88
PE ⓘ	17.39	16.40

From the Market
52 Week Low / High (₹)	1262.25 / 2077.45
All Time Low / High (₹)	73.60 / 2077.45
Market Cap (₹ Cr.)	76,746
Equity (₹ Cr.)	401.5
Face Value (₹)	10
Industry PE ⓘ	27.8

Management X-Ray of Muthoot Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Muthoot Finance

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Muthoot Finance

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	4,325	4,875	5,747	6,333	6,881	8,723	10,574	11,098	10,544	12,694
Interest Income	4,314	4,861	5,729	6,267	6,878	8,715	10,557	11,082	10,515	12,635
Other Income ⓘ	11	14	18	67	2	8	17	16	29	59
Expenditure ⓘ	3,297	3,558	3,826	3,488	3,804	4,665	5,568	5,789	5,877	7,245
Interest Expense ⓘ	2,108	2,260	2,298	1,935	2,243	2,796	3,699	3,845	3,709	4,667
Operating Expenses ⓘ	1,143	1,122	1,231	1,287	1,496	1,692	1,685	1,734	2,010	2,280
Provisions	46	177	297	267	65	177	184	211	158	299
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	1,028	1,317	1,921	2,845	3,077	4,057	5,007	5,309	4,666	5,449
Taxes ⓘ	357	507	741	1,067	1,105	1,039	1,284	1,355	1,193	1,399
Profit After Tax	671	810	1,180	1,778	1,972	3,018	3,722	3,954	3,474	4,050
Adjusted EPS (₹)	16.9	20.3	29.5	44.4	49.2	75.3	92.8	98.5	86.5	100.9
Dividend Payout Ratio (%)	36%	30%	20%	23%	24%	20%	22%	20%	25%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Equity Capital	5,084	5,619	6,516	7,812	9,793	11,572	15,239	18,345	21,062	24,290
Share Capital ⓘ	398	399	399	400	401	401	401	401	401	401
Reserves ⓘ	4,686	5,220	6,117	7,412	9,392	11,171	14,838	17,943	20,660	23,889
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	7,886	6,351	4,848	7,656	9,700	13,214	21,436	27,733	30,398	38,770
Current Liabilities	14,118	15,386	19,991	15,317	18,559	25,674	26,761	24,428	21,120	21,935
Trade Payables	51	61	111	124	163	218	202	151	180	204
Short term borrowings	7,761	8,364	12,755	13,800	17,147	23,958	24,522	22,066	19,346	20,028
Other Liabilities	-7,812	-8,425	-12,866	-13,924	-17,311	-24,176	-24,723	-22,217	-19,525	-20,232
Total Liabilities ⓘ	27,088	27,356	31,355	30,786	38,051	50,460	63,436	70,506	72,580	84,996
Assets
Non Current Asset	401	426	541	704	1,304	1,399	1,504	1,764	1,792	2,870
Loan Asset	0	0	12	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	401	426	529	704	1,304	1,399	1,504	1,764	1,792	2,870
Current Asset	26,687	26,930	30,814	30,082	36,747	49,061	61,932	68,742	70,788	82,126
Current Investment	0	0	0	1	0	407	523	4	5	3
Other Current Asset	26,687	26,930	30,814	30,081	36,747	48,654	61,409	68,738	70,783	82,123
Total Assets ⓘ	27,088	27,356	31,355	30,786	38,051	50,460	63,436	70,506	72,580	84,996

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-460	214	-1,710	-87	-3,858	-4,458	-7,477	-1,142	-1,902	-9,302
Cash Flow From Investing Activity ⓘ	-16	-67	-134	-194	-585	-429	48	408	188	-739
Cash Flow From Financing Activity ⓘ	254	-1,204	2,457	-554	5,701	8,678	9,041	2,796	-1,036	8,649
Net Cash Flow ⓘ	-222	-1,058	613	-834	1,258	3,791	1,612	2,062	-2,750	-1,392

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	17	20	30	44	49	75	93	99	87	101
DPS (₹)	6	6	6	10	12	15	20	20	22	24
BVPS (₹)	127	140	163	195	244	288	380	457	525	605
Performance Ratios
ROA (%)	2.5	3.0	4.0	5.7	5.7	6.8	6.5	5.9	4.9	5.1
ROE (%)	14.4	15.2	19.5	24.9	22.5	28.3	27.8	23.6	17.6	17.9
ROCE (%)	13.0	14.7	16.3	16.9	16.2	16.1	15.8	14.2	12.1	13.2
Valuation Parameters
Price/Book(x)	1.6	1.3	2.3	2.1	2.5	2.1	3.2	2.9	1.9	2.4

Muthoot Finance Ltd Stock News

Muthoot Finance Ltd FAQs

What is the share price of Muthoot Finance?

Company share prices are keep on changing according to the market conditions. The closing price of Muthoot Finance on 22-Nov-2024 16:59 is ₹1,926.6.

What is the market cap of Muthoot Finance?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Muthoot Finance stood at ₹76,745.8.

What is the P/E ratio of Muthoot Finance?

The latest P/E ratio of Muthoot Finance as of 22-Nov-2024 16:59 is 17.39.

What is the P/B ratio of Muthoot Finance?

The latest P/B ratio of Muthoot Finance as of 22-Nov-2024 16:59 is 2.99.

What is the 52-week high and low of Muthoot Finance?

The 52-week high of Muthoot Finance is ₹2,077.5 and the 52-week low is ₹1,262.3.

What is the TTM revenue of Muthoot Finance?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Muthoot Finance is ₹14,290 ( Cr.) .

About Muthoot Finance Ltd

Muthoot Finance Limited was incorporated as a private limited Company on March 14, 1997 and was converted into a public limited Company on November 18, 2008. The Company is promoted by Mr. M. G. George Muthoot, Mr. George Thomas Muthoot, Mr. George Jacob Muthoot and Mr. George Alexander Muthoot collectively operating under the brand name of ‘The Muthoot Group’, which has diversified interests in the fields of Financial Services, Healthcare, Education, Plantations, Real Estate, Foreign Exchange, Information Technology, Insurance Distribution, Hospitality etc. The Company obtained permission from the Reserve Bank of India for carrying on the business of Non-Banking Financial Institutions on 13-11-2001. The Company is presently classified as Systemically Important Non-Deposit Taking NBFC (NBFC-ND-SI).

Business area of the company

Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.

Services offered by the company

Gold Loan
Housing Finance
Personal Loan
Insurance
Gold Coin
Money Transfer
Foreign Exchange
NcCDMutual Funds
Travel Jango
Muthoot Will
Pan Card
Micro Finance
Digital And Cashless
Vehicle Loan

Awards

Business Leader Award 2014, instituted by Cochin Herald
Mahatma Gandhi National Award for social service in 2001 by the Mahatma Gandhi National Foundation
Asian Businessman of the Year 2011 award from the UK Kerala Business Forum
Business Leadership Award for the year 2012 at the Golden Peacock Awards, Bengaluru
Several awards from Rotary International and Y’s Men International for community development and social service
Ranked as one of the Top 40 BFSI CEOs in India by the country’s leading business magazine, Business Today, in its January 2017 issue; the research was jointly conducted by Business Today and reputed multinational audit, assurance and professional services firm, PricewaterhouseCoopers (PwC)
Emerging Business Leader of the Year at the fifth edition of AIMA Managing India Awards 2014
Muthoot Finance was also awarded the coveted Primetime Awards 2019 in the Banking, Financial Services & Insurance category for its creative & integrated marketing campaign “Soch Badaliye Aur Life Mein Aagey Badhiye.
Best Creative Campaign in the BFSI sector at the Exchange4media Prime Time Awards, 2019
Economic Times BFSI Excellence Award 2019 for Mass Consumer Outreach
Gold at the Flame Awards Asia, 2019 for the ‘Muthoot Vishwaas Ki Tijori’ campaign
Gold in the ‘Innovative Creation of a New Medium Category’ at the 10th NEONS Out-of-Home Awards,2020
Kumbh Initiative Muthoot Finance Vishwaas Ki Tijori also bagged Gold in the 'Innovative Creation of a New Medium Category' at the 10th edition of ‘NEONS Out Of Home Awards 2020’.

Milestones

1887- The Group came into being as a trading business in a Kerala village.
1939- Commenced Gold Loan business
2001- Muthoot Finance received RBI License to function as an NBFC.
2004- Received highest rating of F1 from Fitch Ratings for a short-term debt of Rs 200 million.
2005- Retail Loan and debenture portfolio crossed Rs 5 billion
2007- Retail Loan portfolio crossed Rs 14 billion.
2007- Net owned funds crossed Rs 1 billion.
2007- Accorded SI-ND-NBFC status.
2007- Branch network crossed 500 branches.
2008- Retail Loan portfolio crossed Rs 21 billion.
2008- Retail debenture portfolio crossed Rs 1 billion.
2008- Fitch affirmed the F1 short term debt rating with an enhanced amount of Rs 800 million.
2008- Converted into a Public Limited Company.
2009- Retail Loan portfolio crossed Rs 33 billion.
2009- Retail debenture portfolio crossed Rs 19 billion.
2009- Net owned funds crossed Rs 3 billion.
2009- Gross annual income crossed Rs 6 billion.
2009- Bank credit limits crossed Rs 10 billion.
2009- Branch network crossed 900 branches.
2010- Retail Loan portfolio crossed Rs 74 billion.
2010- Retail debenture portfolio crossed Rs 27 billion.
2010- CRISIL assigned ‘P1+’ rating for short term debt of Rs 4 billion, ICRA assigned A1+ for short term debt of Rs 2 billion.
2010- Net owned funds crossed Rs 5 billion.
2010- Gross annual income crossed Rs 10 billion.
2010- Bank credit limits crossed Rs 17 billion.
2010- Branch network crossed 1,600 branches.
2011- Retail Loan portfolio crossed Rs 158 billion.
2011- Retail debenture portfolio crossed Rs 39 billion.
2011- CRISIL assigned long-term rating of AA- Stable for Rs 1 billion subordinated debt issue and for Rs 4 billion non-convertible debentures issue respectively.
2011- ICRA assigned long-term rating of AA- Stable for Rs 1 billion subordinated debt issue and for Rs 2 billion non-convertible debentures issue respectively.
2011- PE Investments of Rs 2556.85 million in the company by Matrix partners, LLC The Welcome Trust, Kotak PE, Kotak Investments and Baring India PE.
2011- Net owned funds crossed Rs 13 billion.
2011- Gross annual income crossed Rs 23 billion.
2011- Bank credit limit crossed Rs 60 billion.
2011- Branch network crossed 2,700 branches.
2012- Retail Loan portfolio crossed Rs 246 billion.
2012- Retail debenture portfolio crossed Rs 66 billion.
2012- ICRA assigned long-term rating of AA- Stable and short-term rating of A1+ for Rs 9,353 crore Line of credit.
2012- Successful IPO of Rs 9,012.50 million in April 2011.
2012- Raised Rs 6.93 billion through Non-convertible Debenture Public Issue- Series I.
2012- Raised Rs 4.59 billion through Non-convertible Debenture Public Issue - Series II.
2012- Net owned funds crossed Rs 29 billion.
2012- Gross annual income crossed Rs 45 billion.
2012- Bank credit limit crossed Rs 92 billion.
2012- Branch network crossed 3,600 branches.
2013- Raised Rs 2.59 billion through Non-Convertible Debenture Public Issue - Series III
2013- Obtained RBI license to start operating 9,000 White Label ATMs
2013- Branch network crossed 4,400 branches
2013- Raised Rs 2.77 billion through NCD Public Issue - Series IV
2013- Raised Rs 3.0 billion through NCD Public Issue -Series V
2014- Raised Rs 418 crore through oversubscribed (1.8 times) Institutional Placement Programme (IPP)
2014- Acquired 51 percent equity shares of Colombo-based PLC, Asia Asset Finance (AAF)
2015- Issued 25,351,062 fresh equity shares by way of an institutional placement programme under Chapter VIII-A of the SEBI ICDR Regulations, aggregating up to Rs 4,182.93 million.
2015- Listed Debenture Portfolio raised through public issue Rs 14.62 billion.
2015- Retail Loan Portfolio touched Rs 234.09 billion.
2015- Net owned funds crossed Rs 50 billion.
2015- Gross annual income touched Rs 43.25 billion.
2015- Profit after tax for the year touched Rs 6.71 billion.
2016- Retail Loan Portfolio crossed Rs 243 billion.
2016- Listed Debenture Portfolio raised through public issue Rs 12.39 billion.
2016- Net Owned Funds crossed Rs 55 billion.
2016- Gross annual income touched Rs 48.75 billion.
2016- Profit after tax for the year touched Rs 8.10 billion.
2016- Acquired 79% of the equity capital of Muthoot Homefin (India) Limited (MHIL). MHIL is a Housing Finance Company Registered with The National Housing Bank
2016- Acquired Muthoot Insurance Brokers Private Limited (MIBPL) as a wholly-owned subsidiary in June 2016. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013
2016- Acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL) in July 2016. BIFPL was reclassified as an ‘NBFC-MFI’ by RBI with effect from 11th December, 2013
2016- CRISIL and ICRA upgraded long-term debt rating from AA-/Stable to AA/Stable.
2017- Loan Assets Portfolio crossed Rs 272 billion.
2017- Listed Debenture Portfolio raised through public issue Rs 18.31 billion.
2017- Net Owned Funds crossed Rs 64 billion.
2017- Gross annual income touched Rs 57.46 billion.
2017- Profit after tax for the year touched Rs 11.80 billion.
2017- Increased stake in BIFPL to 64.60% thus making it a subsidiary.
2017- Enlarged stake in MHIL to 88.27%.
2017- Improved stake in AAF to 60%.
2018- Loan Assets Portfolio crossed Rs 291 billion.
2018- Listed Debenture Portfolio raised through public issue of Rs 19.69 billion.
2018- Net Owned Funds crossed Rs 77 billion.
2018- Gross Annual Income touched Rs 62.43 billion.
2018- Profit after tax for the year touched Rs 17.20 billion.
2018- Branch network crossed 4,300.
2018- Increased stake in BIFPL to 66.61%.
2018- Enlarged stake in MHIL to 100% making it a wholly-owned subsidiary.
2019- Loan Assets Portfolio crossed Rs 342 billion.
2019- Listed Debenture Portfolio raised through public issue of Rs 37.09 billion.
2019- Net Owned Funds crossed Rs 97.69 billion.
2019- Gross Annual Income touched Rs 68.81 billion.
2020- Muthoot Finance raises $550 million from international bond markets.
2020- Fitch Ratings affirms Muthoot Finance's Long Term Issuer Default ratings.