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Muthoot Finance Ltd share Price Today

Company details

1,446.00
1,488.00
911.25
1,506.50
6M Return 30.05%
1Y Return 34.24%
Mkt Cap.(Cr) 58,241.52
Volume 1,186,611
Div Yield 1.52%
OI
-
OI Chg %
-
Volume 1,186,611

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Sustained growth, new product remain key drivers…
About The Stock

    Muthoot Finance is a leading gold financier in India with gold loan AUM of ₹ 54214 crore as on December 2021.

    • It has a large footprint across India with 4617 gold lending branches
    • The company also has a presence in other lending segments like housing, microfinance, vehicle finance via its subsidiaries
Q3FY22

    Soft quarter on overall basis

    • Overall AUM up 8.5% YoY, gold AUM up 9.3% YoY at ₹ 54214 crore
    • Stage-3 assets up 197 bps QoQ to 3.8%. Auctioned worth ₹2800 crore gold
    • NII up 4.1% QoQ, NIMs up 28 bps QoQ at 13.7%, C/I steady at 23.6%
    • PAT at ₹1029 crore, in line with estimates

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Non-banking Financial company Muthoot Finance announced H1FY24 results:

  • Highest growth in loan assets of Rs 11,771 crore in H1FY24, up by 21% YoY
  • Highest growth in gold loan assets of Rs 11,016 crore in H1FY24, up by 20% YoY
  • Consolidated loan assets under management stood at Rs 79,493 crore, up by 24% YoY
  • Consolidated profit after tax stood at Rs 2,140 crore for H1FY24, up by 24% YoY
  • Standalone loan assets under management stood at Rs 69,002 crore, up by 21% YoY
  • Standalone profit after tax stood at Rs 1,966 crore for H1 FY24, up by 18% YoY
  • Opened 331 new branches by the group in H1FY24
  • Raised Rs 700 crore through the 32nd Public Issue of Secured Redeemable Non-Convertible Debentures which was oversubscribed on the first day of the issue

George Jacob Muthoot, Chairman, The Muthoot Group said, “Muthoot Finance continues its growth journey delivering 24% YoY consolidated loan AUM growth reaching Rs 79,493 crore and 24% YoY growth in consolidated profit after tax of Rs 2,140 crore for first half of FY 2024. This was aided by strong growth in the gold loan portfolio of Rs 11,016 crore and the microfinance loan portfolio of Rs 2,736 crore. The increased profits came from gold loans, microfinance, housing finance as well and insurance broking businesses. We are focusing on maintaining strong leadership in the gold loan business and a gradual calibrated growth in the non-gold loan business comprising microfinance, housing finance, vehicle loans, personal loans, business loans, small business loans, and loans against property and corporate loans. Over the next five years, we are keen on increasing the proportion of non-gold businesses to 18% from the present 13%. The Indian economy continues to be resilient amidst global challenges and growth is underpinned by strong demand conditions, investment in public infrastructure, and a stable financial sector. As a result, we remain optimistic on strong growth momentum for our gold loans and non-gold loan business.”

George Alexander Muthoot, Managing Director said, "Our gold loan assets under management demonstrated strong growth, led by strong demand trends in both urban and semi-urban markets. Gold loan AUM grew 20% YoY and by 9% during the 1st half of FY 2024 reaching Rs 67,517 crore. We also witnessed the highest-ever gold loan advance to new customers in the first half of a year of Rs 8,109 crore. We have continued our strategic emphasis on disbursements, operational efficiency, and margins, which has resulted in our profits growing 18% YoY at Rs 1,966 crore in the 1st half of FY2024. We strongly believe that the resilience of the Indian economy, its positive outlook coupled with optimistic consumer and business sentiments, will keep the gold loan demand strong, and we retain our guidance of growing our gold loan book by 10-15% in FY24. Further, our non-gold loan businesses in subsidiaries continue to do well, with disbursements during the first half of the year increasing by 76% to Rs 4,294 crore in the microfinance business and by 164% to Rs 278 crore in the housing finance business. Total revenue on insurance broking business during the first half of the year increased by 85% at Rs 47 crore. We retired USD-denominated Senior Secured Notes amounting to USD550 Million, during 1st half of FY2024 which carried a high cost. We also opened 331 new branches in the first half of the year including in subsidiaries and we will continue to expand our range of financial solutions, enhancing customer engagement, and addressing their diverse financial needs. Our investment in digital strategy is paying off well with nearly 39% of our customer transactions now happening via our various digital channels.”

 

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OUR RESEARCH VIEW

Investment recommendation
Sustained growth, new product remain key drivers…
Call Date
23 May 2023
Entry Price 1,034.00
Target Price 1,150.00
Duration
12-18 Month

FINANCIALS

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Operating Profit
Profit after Tax
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Debt/Equity
P BV

Muthoot Finance Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 21,665.75 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38

Muthoot Finance Ltd Information

Stock PE (TTM)
14.61
Promoter Holding
73.35%
Book Value
569.985
ROCE
12.13%
ROE
18.14%
Description
  • Muthoot Finance Ltd is in the Finance sector with the Market Capitalization of worth Rs. 59,136.73 crores, it is incorporated in the year 1997. It has consolidated sales of Rs. 2955.83 crores in June 2021. The company is also listed within the Bombay Stock Exchange (BSE) with the code 533398 and listed within the National Stock Exchange (NSE) with the code MUTHOOTFIN.

    Muthoot Finance is an Indian financial corporation and is known to be the largest gold loan NBFC within the country. Muthoot Finance was incorporated as a private limited company under the name of The Muthoot Finance Private Ltd on 14th March ’1997 and was converted into a public company in 2008. The primary area of business for the company is financing gold transactions however, it also provides other services such as foreign exchange services, funds transfer services, wealth management services along with travel & tourism services, and also sells gold coins. Muthoot Finance also performs philanthropic activities through the Muthoot M George foundation and provides scholarships and environmental, financial, and health assistance to the needy. The promoters of the company currently hold 73.4% of the stake in the company while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 15.02% and 7.73% of the stake. The balance of 3.86% is by others (retail investors). During the quarter ended 30th June ‘2021, the company has allotted 3555 shares under the ‘Muthoot ESOP 2013 Scheme’.

    In June 2021, quarterly net sales were Rs. 2,713.80 crores, which has increased by approximately 13.78% from Rs. 2,385.08 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 971.16 crores, which has increased by 15.51% from a net profit of Rs. 840.76 crores in June 2020. In June 2021, operating profit was Rs. 2,558.78 crores, which is also increased by 13.34% as compared to a net profit of Rs. 2,257.68 crores for the quarter ending in June 2020. From Rs. 20.96 in June 2020, the EPS of Muthoot Finance has increased to Rs. 24.21 in June 2021. MUTHOOTFIN’s stock closed at Rs. 1,474.00 on 16th August’2021 (NSE) and has returned 11.57% in the last six months and 25.11% in the previous year.

Registered Address

Muthoot Chambers 2nd Floor, Opp Saritha Theatre Banerji Rd, Kochi, Kerala, 682018

Tel : 91-484-2394712
Email : mails:muthootgroup.com
Website : http://www.muthootfinance.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533398
NSE Code : MUTHOOTFIN
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE414G01012

FAQ’s on Muthoot Finance Ltd Shares

You can buy Muthoot Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Muthoot Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 03:59 PM the closing price of Muthoot Finance Ltd was ₹ 1,450.75.

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 Dec 01, 2023 03:59 PM, the market cap of Muthoot Finance Ltd stood at ₹ 58,241.52.

The latest PE ratio of Muthoot Finance Ltd as of Dec 01, 2023 03:59 PM is 14.61

The latest PB ratio of Muthoot Finance Ltd as of Dec 01, 2023 03:59 PM is 0.39

The 52-week high of Muthoot Finance Ltd is ₹ 1,506.50 while the 52-week low is ₹ 911.25

According to analyst recommendations, Muthoot Finance Ltd has a “Buy” rating for the long term.

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