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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)Muthoot Chambers, 2nd Floor, Opposite Saritha Theatre Complex, Kochi Kerala 682018investorrelations@muthootfinance.com
http://www.muthootfinance.com
Management
NamePosition Held
Mr. George Jacob MuthootChairman & Wholetime Director
Mr. George Alexander MuthootManaging Director
Mr. George Thomas MuthootWhole Time Director
Mr. Alexander GeorgeWhole Time Director
Mr. George Muthoot GeorgeWhole Time Director
Mr. George AlexanderWhole Time Director
Mr. George Muthoot JacobWhole Time Director
Mr. Abraham ChackoIndependent Director
Mr. Jacob Benjamin KoshyIndependent Director
Mr. Vadakkekara Anthony GeorgeIndependent Director
Mr. Chamacheril Mohan AbrahamIndependent Director
Mr. Ravindra PisharodyIndependent Director
Mrs. Usha SunnyIndependent Director
Mr. Jose MathewIndependent Director

Basic Stock Data of Muthoot Finance Ltd

Last Updated: June 20, 2024, 10:35 pm

Market Cap 69,965 Cr.
Current Price 1,742
High / Low1,811/1,170
Stock P/E17.3
Book Value 605
Dividend Yield1.38 %
ROCE13.1 %
ROE17.9 %
Face Value 10.0
PEG Ratio3.31

Competitors of Muthoot Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nalwa Sons Investments Ltd 1,796 Cr. 3,4933,880/2,21231.9 24,5420.00 %0.73 %0.55 % 10.0
Panafic Industrials Ltd 10.2 Cr. 1.242.02/0.83509 1.200.00 %0.30 %0.20 % 1.00
TCI Finance Ltd 12.9 Cr. 10.010.0/2.75 49.20.00 %%% 10.0
Dhanlaxmi Cotex Ltd 32.9 Cr. 67.599.0/50.011.4 1470.00 %5.68 %4.78 % 10.0
Welspun Investments & Commercials Ltd 261 Cr. 745935/34094.0 1,2520.00 %1.15 %0.86 % 10.0
Industry Average8,624.69 Cr617.2163.781,257.410.34%16.29%25.08%7.59

Muthoot Finance Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue2,7652,8242,7142,8302,8682,6702,5042,4982,6602,8532,9993,0603,168
Interest9469519829799539219429039149411,0641,1561,212
Expenses485512421501527450473426531690635572566
Financing Profit1,3341,3611,3101,3501,3881,2991,0891,1691,2141,2231,3001,3321,390
Financing Margin %48%48%48%48%48%49%44%47%46%43%43%44%44%
Other Income12413485671028148
Depreciation14151113141613141517131517
Profit before tax1,3311,3501,3001,3401,3781,2921,0821,1611,2071,2161,3151,3301,380
Tax %26%26%25%26%25%26%26%25%25%26%26%26%26%
Net Profit9919969719941,0299608028679029039759911,027
EPS in Rs24.7124.8224.2124.7725.6423.9319.9821.6022.4622.4924.2924.6925.59
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: May 28, 2024, 9:11 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue4,5495,3874,9474,3254,8755,7466,2676,8788,71510,55711,08210,51512,080
Interest2,3722,8232,6302,1082,2602,2981,9352,2432,7963,6993,8453,7094,373
Expenses8131,0071,0771,1051,2411,4791,5101,5181,8271,8181,8912,1102,462
Financing Profit1,3641,5571,2411,1121,3741,9692,8223,1174,0925,0405,3474,6965,245
Financing Margin %30%29%25%26%28%34%45%45%47%48%48%45%43%
Other Income000000662817162960
Depreciation33454784584844424351545863
Profit before tax1,3311,5111,1941,0281,3171,9212,8453,0774,0575,0075,3094,6665,242
Tax %33%34%35%35%39%39%38%36%26%26%26%26%
Net Profit8921,0047806718101,1801,7781,9723,0183,7223,9543,4743,896
EPS in Rs24.0027.0220.9916.8520.2929.5344.4349.2275.2692.7898.5386.5297.06
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:6%
1 Year:50%
Return on Equity
10 Years:21%
5 Years:22%
3 Years:19%
Last Year:18%

Last Updated: June 16, 2024, 5:02 pm

Muthoot Finance Ltd Balance Sheet

Last Updated: June 1, 2024, 11:27 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital372372372398399399400401401401401401401
Reserves2,5543,3643,8934,6865,2206,1177,4129,39211,17114,83817,94320,66021,779
Borrowings19,37624,08119,47819,43618,56720,98521,16726,83337,13045,94649,81149,73455,322
Other Liabilities1,0701,6001,8522,2502,8623,2111,8131,4431,7582,2802,3991,8241,905
Total Liabilities23,37229,41625,59426,76927,04930,71330,79238,06950,46063,46570,55572,62079,408
Fixed Assets263289313257218208200193228247267272280
CWIP6141479106232938466783
Investments98823538982093959831,4381,5901,3201,3172,354
Other Assets23,00629,03125,23226,46726,72330,28630,19136,87148,76561,58968,92170,96476,690
Total Assets23,37229,41625,59426,76927,04930,71330,79238,06950,46063,46570,55572,62079,408

Muthoot Finance Ltd Reserves and Borrowings Chart

Muthoot Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -8,709-3,9525,726-460214-1,710-87-3,858-4,458-7,477-1,142-1,902
Cash from Investing Activity -188-33-3-16-67-134-194-585-42948408188
Cash from Financing Activity 8,3294,795-5,107254-1,2042,457-5545,7018,6789,0412,796-1,036
Net Cash Flow-568809617-222-1,058613-8341,2583,7911,6122,062-2,750

Muthoot Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.40%73.40%73.37%73.37%73.37%73.37%73.35%73.35%73.35%73.35%73.35%73.35%
FIIs15.99%15.02%14.16%13.67%12.13%10.96%9.93%10.00%9.37%8.70%8.12%8.34%
DIIs6.60%7.72%8.26%8.48%9.67%10.48%11.76%12.02%12.66%13.73%14.64%14.61%
Public4.02%3.86%4.20%4.48%4.83%5.20%4.96%4.62%4.61%4.21%3.87%3.72%
No. of Shareholders1,60,7891,68,4192,02,1282,26,0442,42,2162,59,9112,91,6462,66,2172,72,1482,46,5972,17,2332,03,284

Muthoot Finance Ltd Shareholding Pattern Chart

No. of Muthoot Finance Ltd Shareholders

Muthoot Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Focused Equity Fund15,300,0007.392267.313,300,0002024-06-20363.64%
SBI Equity Hybrid Fund9,000,0002.171333.713,300,0002024-06-20172.73%
SBI Multicap Fund3,300,0003.54489.033,300,0002024-06-200%
SBI Large & Midcap Fund2,647,6012.28392.353,300,0002024-06-20-19.77%
ICICI Prudential India Opportunities Fund2,279,5662.45337.813,300,0002024-06-20-30.92%
ICICI Prudential Balanced Advantage Fund2,073,4290.59307.263,300,0002024-06-20-37.17%
ICICI Prudential Multi Asset Fund1,933,0351.03286.463,300,0002024-06-20-41.42%
ICICI Prudential Banking and Financial Services1,879,0263.97278.453,300,0002024-06-20-43.06%
SBI Flexi Cap Fund1,819,5681.45269.643,300,0002024-06-20-44.86%
ICICI Prudential Value Discovery Fund1,739,1540.73257.733,300,0002024-06-20-47.3%

Muthoot Finance Ltd ROCE Trend

Muthoot Finance Ltd EPS Trend

Muthoot Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)89.99100.1094.8478.3051.92
Diluted EPS (Rs.)89.98100.0594.7678.2051.82
Cash EPS (Rs.)93.36102.1996.8780.4953.78
Book Value[Excl.RevalReserv]/Share (Rs.)551.82476.84392.82299.26251.42
Book Value[Incl.RevalReserv]/Share (Rs.)551.82476.84392.82299.26251.42
Revenue From Operations / Share (Rs.)296.37303.60287.41241.47189.55
PBDIT / Share (Rs.)229.42242.59231.78186.83145.93
PBIT / Share (Rs.)227.47240.84230.10185.35144.63
PBT / Share (Rs.)122.63134.80127.90106.2381.35
Net Profit / Share (Rs.)91.41100.4495.1979.0152.49
NP After MI And SOA / Share (Rs.)89.98100.0894.8378.2551.86
PBDIT Margin (%)77.4179.9080.6477.3676.98
PBIT Margin (%)76.7579.3280.0576.7576.30
PBT Margin (%)41.3744.4044.5043.9942.91
Net Profit Margin (%)30.8433.0833.1132.7227.69
NP After MI And SOA Margin (%)30.3632.9632.9932.4027.36
Return on Networth / Equity (%)16.6721.3824.4226.5220.92
Return on Capital Employeed (%)24.1128.8729.1931.7029.88
Return On Assets (%)4.505.265.545.714.97
Long Term Debt / Equity (X)0.700.720.980.920.90
Total Debt / Equity (X)2.572.903.243.463.03
Asset Turnover Ratio (%)0.140.150.170.180.19
Current Ratio (X)1.881.771.841.731.85
Quick Ratio (X)1.881.771.841.731.85
Dividend Payout Ratio (NP) (%)22.2219.970.0034.480.00
Dividend Payout Ratio (CP) (%)21.7519.630.0033.850.00
Earning Retention Ratio (%)77.7880.030.0065.520.00
Cash Earning Retention Ratio (%)78.2580.370.0066.150.00
Interest Coverage Ratio (X)2.192.292.272.362.31
Interest Coverage Ratio (Post Tax) (X)1.871.951.932.001.83
Enterprise Value (Cr.)87557.3897948.6590952.4459504.1052735.10
EV / Net Operating Revenue (X)7.368.047.896.146.94
EV / EBITDA (X)9.5110.069.787.949.02
MarketCap / Net Operating Revenue (X)3.304.384.202.533.25
Retention Ratios (%)77.7780.020.0065.510.00
Price / BV (X)1.812.843.112.072.48
Price / Net Operating Revenue (X)3.304.384.202.533.25
EarningsYield0.090.070.070.120.08

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: 1,899.36

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: 9.03% compared to the current price 1742

Intrinsic Value: 1,998.49

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: 14.72% compared to the current price ₹1742

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 ₹1899.36.

What is the Market Cap of Muthoot Finance Ltd?

The Market Cap of Muthoot Finance Ltd is 69,965 Cr..

What is the current Stock Price of Muthoot Finance Ltd as on 21 June 2024?

The current stock price of Muthoot Finance Ltd as on 21 June 2024 is ₹1,742.

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 1,811/1,170.

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

The Stock P/E of Muthoot Finance Ltd is 17.3.

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 1.38 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Muthoot Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE