Fundamental Analysis of Muthoot Finance Ltd

About the Company - Muthoot Finance Ltd

Muthoot Finance Ltd. is a Public Limited Listed company incorporated on 14/03/1997 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L65910KL1997PLC011300 and registration number is 011300. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 11082.32 Cr. and Equity Capital is Rs. 401.35 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	Muthoot Chambers, 2nd Floor, Opposite Saritha Theatre Complex, Kochi Kerala 682018	investorrelations@muthootfinance.com http://www.muthootfinance.com

Management
Name	Position Held
Mr. George Jacob Muthoot	Chairman & Wholetime Director
Mr. George Alexander Muthoot	Managing Director
Mr. George Thomas Muthoot	Whole Time Director
Mr. Alexander George	Whole Time Director
Mr. George Muthoot George	Whole Time Director
Mr. George Alexander	Whole Time Director
Mr. George Muthoot Jacob	Whole Time Director
Mr. Abraham Chacko	Independent Director
Mr. Jacob Benjamin Koshy	Independent Director
Mr. Vadakkekara Anthony George	Independent Director
Mr. Chamacheril Mohan Abraham	Independent Director
Mr. Ravindra Pisharody	Independent Director
Mrs. Usha Sunny	Independent Director
Mr. Jose Mathew	Independent Director

Basic Stock Data of Muthoot Finance Ltd

Last Updated: July 6, 2024, 11:49 am

Market Cap	72,689 Cr.
Current Price	1,811
High / Low	1,857/1,170
Stock P/E	18.0
Book Value	605
Dividend Yield	1.33 %
ROCE	13.1 %
ROE	17.9 %
Face Value	10.0
PEG Ratio	3.45

Competitors of Muthoot Finance Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Capfin India Ltd	83.5 Cr.	291	679/27.0		9.04	0.00 %	23.7 %	16.3 %	10.0
PTL Enterprises Ltd	624 Cr.	47.1	54.1/32.1	26.5	63.7	3.71 %	7.45 %	3.05 %	1.00
5Paisa Capital Ltd	1,564 Cr.	501	759/385	28.7	173	0.00 %	13.4 %	10.8 %	10.0
Religare Enterprises Ltd	8,024 Cr.	243	281/160	71.0	71.1	0.00 %	8.71 %	5.14 %	10.0
IIFL Finance Ltd	22,189 Cr.	523	684/304	12.6	251	0.76 %	11.8 %	18.0 %	2.00
Industry Average	8,483.01 Cr	681.13		74.16	5,618.66	5.64%	16.10%	24.56%	7.56

Muthoot Finance Ltd Quarterly Results

Month	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	2,765	2,824	2,714	2,830	2,868	2,670	2,504	2,498	2,660	2,853	2,999	3,060	3,168
Interest	946	951	982	979	953	921	942	903	914	941	1,064	1,156	1,212
Expenses	485	512	421	501	527	450	473	426	531	690	635	572	566
Financing Profit	1,334	1,361	1,310	1,350	1,388	1,299	1,089	1,169	1,214	1,223	1,300	1,332	1,390
Financing Margin %	48%	48%	48%	48%	48%	49%	44%	47%	46%	43%	43%	44%	44%
Other Income	12	4	1	3	4	8	5	6	7	10	28	14	8
Depreciation	14	15	11	13	14	16	13	14	15	17	13	15	17
Profit before tax	1,331	1,350	1,300	1,340	1,378	1,292	1,082	1,161	1,207	1,216	1,315	1,330	1,380
Tax %	26%	26%	25%	26%	25%	26%	26%	25%	25%	26%	26%	26%	26%
Net Profit	991	996	971	994	1,029	960	802	867	902	903	975	991	1,027
EPS in Rs	24.71	24.82	24.21	24.77	25.64	23.93	19.98	21.60	22.46	22.49	24.29	24.69	25.59
Gross NPA %						2.99%	2.13%		2.58%	3.79%	4.26%	4.01%	3.62%
Net NPA %						2.68%	1.90%		2.31%	3.40%	3.82%	3.59%	3.23%

Last Updated: April 10, 2024, 4:18 am

Muthoot Finance Ltd Quarterly Chart

Muthoot Finance Ltd Profit & Loss

Last Updated: June 28, 2024, 9:59 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	4,549	5,387	4,947	4,325	4,875	5,746	6,267	6,878	8,715	10,557	11,082	10,515	12,080
Interest	2,372	2,823	2,630	2,108	2,260	2,298	1,935	2,243	2,796	3,699	3,845	3,709	4,373
Expenses	813	1,007	1,077	1,105	1,241	1,479	1,510	1,518	1,827	1,818	1,891	2,110	2,462
Financing Profit	1,364	1,557	1,241	1,112	1,374	1,969	2,822	3,117	4,092	5,040	5,347	4,696	5,245
Financing Margin %	30%	29%	25%	26%	28%	34%	45%	45%	47%	48%	48%	45%	43%
Other Income	0	0	0	0	0	0	66	2	8	17	16	29	60
Depreciation	33	45	47	84	58	48	44	42	43	51	54	58	63
Profit before tax	1,331	1,511	1,194	1,028	1,317	1,921	2,845	3,077	4,057	5,007	5,309	4,666	5,242
Tax %	33%	34%	35%	35%	39%	39%	38%	36%	26%	26%	26%	26%
Net Profit	892	1,004	780	671	810	1,180	1,778	1,972	3,018	3,722	3,954	3,474	3,896
EPS in Rs	24.00	27.02	20.99	16.85	20.29	29.53	44.43	49.22	75.26	92.78	98.53	86.52	97.06
Dividend Payout %	17%	17%	29%	36%	30%	20%	23%	24%	20%	22%	20%	25%

Muthoot Finance Ltd Profit & Loss Yearly Chart

Muthoot Finance Ltd Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	13%
3 Years:	6%
TTM:	20%

Compounded Profit Growth
10 Years:	18%
5 Years:	15%
3 Years:	3%
TTM:	17%

Stock Price CAGR
10 Years:	25%
5 Years:	23%
3 Years:	7%
1 Year:	45%

Return on Equity
10 Years:	21%
5 Years:	22%
3 Years:	19%
Last Year:	18%

Last Updated: July 2, 2024, 4:47 pm

Muthoot Finance Ltd Balance Sheet

Last Updated: July 1, 2024, 1:45 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	372	372	372	398	399	399	400	401	401	401	401	401	401
Reserves	2,554	3,364	3,893	4,686	5,220	6,117	7,412	9,392	11,171	14,838	17,943	20,660	21,779
Borrowings	19,376	24,081	19,478	19,436	18,567	20,985	21,167	26,833	37,130	45,946	49,811	49,734	55,322
Other Liabilities	1,070	1,600	1,852	2,250	2,862	3,211	1,813	1,443	1,758	2,280	2,399	1,824	1,905
Total Liabilities	23,372	29,416	25,594	26,769	27,049	30,713	30,792	38,069	50,460	63,465	70,555	72,620	79,408
Fixed Assets	263	289	313	257	218	208	200	193	228	247	267	272	280
CWIP	6	14	14	7	9	10	6	23	29	38	46	67	83
Investments	98	82	35	38	98	209	395	983	1,438	1,590	1,320	1,317	2,354
Other Assets	23,006	29,031	25,232	26,467	26,723	30,286	30,191	36,871	48,765	61,589	68,921	70,964	76,690
Total Assets	23,372	29,416	25,594	26,769	27,049	30,713	30,792	38,069	50,460	63,465	70,555	72,620	79,408

Muthoot Finance Ltd Reserves and Borrowings Chart

Muthoot Finance Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-8,709	-3,952	5,726	-460	214	-1,710	-87	-3,858	-4,458	-7,477	-1,142	-1,902
Cash from Investing Activity	-188	-33	-3	-16	-67	-134	-194	-585	-429	48	408	188
Cash from Financing Activity	8,329	4,795	-5,107	254	-1,204	2,457	-554	5,701	8,678	9,041	2,796	-1,036
Net Cash Flow	-568	809	617	-222	-1,058	613	-834	1,258	3,791	1,612	2,062	-2,750

Muthoot Finance Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE %	42%	30%	20%	14%	15%	19%	25%	22%	28%	28%	24%	18%

Muthoot Finance Ltd Financial Efficiency Indicators Chart

Muthoot Finance Ltd Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	73.40%	73.40%	73.37%	73.37%	73.37%	73.37%	73.35%	73.35%	73.35%	73.35%	73.35%	73.35%
FIIs	15.99%	15.02%	14.16%	13.67%	12.13%	10.96%	9.93%	10.00%	9.37%	8.70%	8.12%	8.34%
DIIs	6.60%	7.72%	8.26%	8.48%	9.67%	10.48%	11.76%	12.02%	12.66%	13.73%	14.64%	14.61%
Public	4.02%	3.86%	4.20%	4.48%	4.83%	5.20%	4.96%	4.62%	4.61%	4.21%	3.87%	3.72%
No. of Shareholders	1,60,789	1,68,419	2,02,128	2,26,044	2,42,216	2,59,911	2,91,646	2,66,217	2,72,148	2,46,597	2,17,233	2,03,284

Muthoot Finance Ltd Shareholding Pattern Chart

No. of Muthoot Finance Ltd Shareholders

Muthoot Finance Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Focused Equity Fund	15,300,000	7.39	2267.31	1,739,154	2024-07-05	779.74%
SBI Equity Hybrid Fund	9,000,000	2.17	1333.71	1,739,154	2024-07-05	417.49%
SBI Multicap Fund	3,300,000	3.54	489.03	1,739,154	2024-07-05	89.75%
SBI Large & Midcap Fund	2,647,601	2.28	392.35	1,739,154	2024-07-05	52.23%
ICICI Prudential India Opportunities Fund	2,279,566	2.45	337.81	1,739,154	2024-07-05	31.07%
ICICI Prudential Balanced Advantage Fund	2,073,429	0.59	307.26	1,739,154	2024-07-05	19.22%
ICICI Prudential Multi Asset Fund	1,933,035	1.03	286.46	1,739,154	2024-07-05	11.15%
ICICI Prudential Banking and Financial Services	1,879,026	3.97	278.45	1,739,154	2024-07-05	8.04%
SBI Flexi Cap Fund	1,819,568	1.45	269.64	1,739,154	2024-07-05	4.62%
ICICI Prudential Value Discovery Fund	1,739,154	0.73	257.73	1,739,154	2024-07-05	0%

Muthoot Finance Ltd ROCE Trend

Muthoot Finance Ltd EPS Trend

Muthoot Finance Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	89.99	100.10	94.84	78.30	51.92
Diluted EPS (Rs.)	89.98	100.05	94.76	78.20	51.82
Cash EPS (Rs.)	93.36	102.19	96.87	80.49	53.78
Book Value[Excl.RevalReserv]/Share (Rs.)	551.82	476.84	392.82	299.26	251.42
Book Value[Incl.RevalReserv]/Share (Rs.)	551.82	476.84	392.82	299.26	251.42
Revenue From Operations / Share (Rs.)	296.37	303.60	287.41	241.47	189.55
PBDIT / Share (Rs.)	229.42	242.59	231.78	186.83	145.93
PBIT / Share (Rs.)	227.47	240.84	230.10	185.35	144.63
PBT / Share (Rs.)	122.63	134.80	127.90	106.23	81.35
Net Profit / Share (Rs.)	91.41	100.44	95.19	79.01	52.49
NP After MI And SOA / Share (Rs.)	89.98	100.08	94.83	78.25	51.86
PBDIT Margin (%)	77.41	79.90	80.64	77.36	76.98
PBIT Margin (%)	76.75	79.32	80.05	76.75	76.30
PBT Margin (%)	41.37	44.40	44.50	43.99	42.91
Net Profit Margin (%)	30.84	33.08	33.11	32.72	27.69
NP After MI And SOA Margin (%)	30.36	32.96	32.99	32.40	27.36
Return on Networth / Equity (%)	16.67	21.38	24.42	26.52	20.92
Return on Capital Employeed (%)	24.11	28.87	29.19	31.70	29.88
Return On Assets (%)	4.50	5.26	5.54	5.71	4.97
Long Term Debt / Equity (X)	0.70	0.72	0.98	0.92	0.90
Total Debt / Equity (X)	2.57	2.90	3.24	3.46	3.03
Asset Turnover Ratio (%)	0.14	0.15	0.17	0.18	0.19
Current Ratio (X)	1.88	1.77	1.84	1.73	1.85
Quick Ratio (X)	1.88	1.77	1.84	1.73	1.85
Dividend Payout Ratio (NP) (%)	22.22	19.97	0.00	34.48	0.00
Dividend Payout Ratio (CP) (%)	21.75	19.63	0.00	33.85	0.00
Earning Retention Ratio (%)	77.78	80.03	0.00	65.52	0.00
Cash Earning Retention Ratio (%)	78.25	80.37	0.00	66.15	0.00
Interest Coverage Ratio (X)	2.19	2.29	2.27	2.36	2.31
Interest Coverage Ratio (Post Tax) (X)	1.87	1.95	1.93	2.00	1.83
Enterprise Value (Cr.)	87557.38	97948.65	90952.44	59504.10	52735.10
EV / Net Operating Revenue (X)	7.36	8.04	7.89	6.14	6.94
EV / EBITDA (X)	9.51	10.06	9.78	7.94	9.02
MarketCap / Net Operating Revenue (X)	3.30	4.38	4.20	2.53	3.25
Retention Ratios (%)	77.77	80.02	0.00	65.51	0.00
Price / BV (X)	1.81	2.84	3.11	2.07	2.48
Price / Net Operating Revenue (X)	3.30	4.38	4.20	2.53	3.25
EarningsYield	0.09	0.07	0.07	0.12	0.08

Muthoot Finance Ltd Profitability Ratios (%)

Muthoot Finance Ltd Liquidity Ratios

Muthoot Finance Ltd Liquidity Ratios (%)

Muthoot Finance Ltd Interest Coverage Ratios (%)

Muthoot Finance Ltd Valuation Ratios

Fair Value

Fair Value: 1,975.24

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.07% compared to the current price 1811

Intrinsic Value: 2,078.33

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.76% compared to the current price ₹1811

Last 5 Year EPS CAGR: 5.22%

*Investments are subject to market risks

Strength and Weakness of Muthoot Finance Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Muthoot Finance Ltd?

The latest fair value of Muthoot Finance Ltd is ₹1975.24.

What is the Market Cap of Muthoot Finance Ltd?

The Market Cap of Muthoot Finance Ltd is 72,689 Cr..

What is the current Stock Price of Muthoot Finance Ltd as on 06 July 2024?

The current stock price of Muthoot Finance Ltd as on 06 July 2024 is 1,811.

What is the High / Low of Muthoot Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Muthoot Finance Ltd stocks is 1,857/1,170.

What is the Stock P/E of Muthoot Finance Ltd?

The Stock P/E of Muthoot Finance Ltd is 18.0.

What is the Book Value of Muthoot Finance Ltd?

The Book Value of Muthoot Finance Ltd is 605.

What is the Dividend Yield of Muthoot Finance Ltd?

The Dividend Yield of Muthoot Finance Ltd is 1.33 %.

What is the ROCE of Muthoot Finance Ltd?

The ROCE of Muthoot Finance Ltd is 13.1 %.

What is the ROE of Muthoot Finance Ltd?

The ROE of Muthoot Finance Ltd is 17.9 %.

What is the Face Value of Muthoot Finance Ltd?

The Face Value of Muthoot Finance Ltd is 10.0.