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Muthoot Finance Ltd share Price Today

Company details

1,712.05
1,757.75
1,182.35
1,810.95
6M Return 18.99%
1Y Return 44.16%
Mkt Cap.(Cr) 68,945.08
Volume 395,822
Div Yield 1.40%
OI
-
OI Chg %
-
Volume 395,822

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

    Muthoot Finance is a leading gold financier in India with standalone AUM of ₹ 63209 crore as on March 2023.

    • It has a large footprint across India with 4700+ gold lending branches
    • The company also has a presence in other lending segments like microfinance, housing, vehicle finance via its subsidiaries
Q4FY23

    Steady performance with a gradual revival in growth.

    • Consolidated AUM up 9% YoY with standalone AUM up 8% YoY
    • NII up 8.7% QoQ, NIMs up 40 bps QoQ at 12.3%, C/I ratio up at ~33%
    • Provision at ₹ 75 crore vs. ₹ 56 crore QoQ. PAT was flat QoQ at ₹ 903 crore
    • Stage-3 assets increased QoQ to 3.8%. ECL provision at 1.2% of total loans

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Research view on more stocks

Finance company Muthoot Finance announced FY24 results:

  • Highest Ever Consolidated Loan AUM: 25% YoY Increase at Rs 89,079 crore
  • Highest Ever Standalone Loan AUM: 20% YoY Increase at Rs 75,827 crore
  • Highest Ever Consolidated Profit After Tax: 22% YoY Increase at Rs 4,468 crore
  • Highest Ever Standalone Profit After Tax: 17% YoY Increase at Rs 4,050 crore
  • Highest Ever Gross Gold Loan Advance in any Year: Rs 1,65,746 crore
  • Highest Ever Gold Loan Advance to New Customers in any Year: Rs 16,415 crore
  • Increase in Gold Loan AUM: 18% YoY of Rs 11,003 crore
  • All Time High Interest Collection in any Year: Rs 10,984 crore
  • Highest Ever Dividend in any Year: 240% at Rs 24 per Equity Share

George Alexander Muthoot, Managing Director said,"We take immense pride in achieving a loan growth of 20% as against a guidance of 15% in FY24. In Q4FY24, the Standalone Loan AUM witnessed a historic high of Rs 75,827 crore, driven by the robust growth in Gold Loan of Rs 3,657 crore. The Standalone Profit after Tax for FY24 increased by 17% YoY at Rs 4,050 crore. This year, we achieved the highest ever Gold Loan advance to new customers of Rs 16,415 crore, reinforcing our position as a trusted partner in the gold loan industry. Complementing our core gold loan business, our non-gold loan offerings continued to gain traction, with our microfinance loans, personal loans, and home loans playing a pivotal role in diversifying our overall loan book. The housing finance arm achieved disbursements of Rs 815 crore in FY24 as against Rs 223 crore in FY 23. The micro finance arm also witnessed upward trend, with increased Loan AUM by 62% YoY reaching Rs 10,023 crore and Profit after Tax by 161% YoY of Rs 340 crore.

As part of our transformational journey, in FY24, we also focused on boosting our digital business and tapping new techsavvy millennials and Gen Z customers. Our phygital strategy has yielded positive results with critical infrastructure already in place to move remaining gold and non-gold customers to digital channels who were hitherto transacting in cash. We are confident that the impact of regulatory norm of Rs 20,000 cash disbursal limit on our business and volumes will be limited since it is an industry wide move. In alignment with strict vigilance from regulators on the NBFC industry, we also remain committed to maintaining the highest standards of corporate governance and compliance.”

Result PDF

View Other Company Results

Muthoot Finance Ltd shares SWOT Analysis

Strengths (7)

  • Company reducing Debt
  • Increasing Revenue every Quarter for the past 4 Quarters
  • Increasing profits every quarter for the past 4 quarters

Weakness (3)

  • Inefficient use of assets to generate profits - ROA declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (0)

Data not found

Threats (1)

  • Increase in Provisions in Recent Results

Resistance and support

R1 1,746.1
R2 1,774.8
R3 1,791.8
Pivot

1,729.05

S1 1,700.4
S2 1,683.4
S3 1,654.7
EMA SMA
1,733.3
1,678.1
1,593.5
1,481.5
1,733.9
1,697.2
1,547.6
1,449.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 1073.95 144525 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 1073.95 144525 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 1060.55 144526 NSE
Name Category Shares
George Jacob Muthoot PROMOTER 10.87%
George Thomas Muthoot PROMOTER 10.87%
Susan Thomas PROMOTER 7.47%
Sara George PROMOTER 7.23%
George Alexander Muthoot PROMOTER 5.89%
Alexander George PROMOTER 5.55%
George M George PROMOTER 5.55%
Eapen Alexander PROMOTER 4.37%
George M Alexander PROMOTER 4.37%
George M Jacob PROMOTER 3.75%
Anna Alexander PROMOTER 3.72%
Elizabeth Jacob PROMOTER 3.72%

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

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Muthoot Finance Ltd Stocks COMPARISON

Financials( in Cr) Muthoot Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 1,717.35 7,134.25 1,578.90 176.32 360.90
% Change -1.43 -1.01 -0.45 2.33 -1.27
Mcap Cr 68,945.08 441,607.22 251,911.76 230,423.90 229,290.02
Revenue TTM Cr 11,897.66 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 3,669.77 11,507.69 12,209.54 6,337.01 31.25
PE TTM 15.92 30.55 30.94 35.91 142.53
1 Year Return 44.16 -1.58 3.80 432.69 45.00
ROCE 12.13 11.76 12.69 5.32 0.03
ROE 18.14 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 21,665.75 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16
Muthoot Finance Limited - Updates

Jun 21, 2024 l NSE Announcement

Muthoot Finance allots 2,215 equity shares under ESOP

Jun 20, 2024 l BSE Announcement

Muthoot Finance Limited - Trading Window

Jun 20, 2024 l NSE Announcement

Date Action Type Ratio
May 31, 2024 Dividend 240
Apr 18, 2023 Dividend 220
Apr 25, 2022 Dividend 200

Muthoot Finance Ltd Information

Stock PE (TTM)
15.92
Promoter Holding
73.35%
Book Value
625.395
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; investors:muthootfinance.c
Website : http://www.muthootfinance.com; www.muthootgroup.co
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 Jun 21, 2024 03:59 PM the closing price of Muthoot Finance Ltd was Rs.1,717.35.

The latest PE ratio of Muthoot Finance Ltd as of Jun 21, 2024 03:59 PM is 15.92

The latest PB ratio of Muthoot Finance Ltd as of Jun 21, 2024 03:59 PM is 0.36

The 52-week high of Muthoot Finance Ltd share price is Rs. 1,810.95 while the 52-week low is Rs. 1,182.35

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

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 Jun 21, 2024 03:59 PM, the market cap of Muthoot Finance Ltd stood at Rs. 68,945.08 Cr.

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