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Muthoot Microfin Ltd share Price Today

Company details

246.72
256.45
196.60
281.00
6M Return 0.00%
1Y Return -6.01%
Mkt Cap.(Cr) 4,264.86
Volume 667,770
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 667,770

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Finance company Muthoot Microfin announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total income increased by 45.8% YoY from Rs 448.2 crore to Rs 653.4 crore
  • Net interest income (NII) increased by 47.0% YoY from Rs 272.1 crore to Rs 400.1 crore
  • Pre-provision operating profit (PPOP) increased by 62.7% YoY from Rs 150.1 crore to Rs 244.1 crore
  • Profit After Tax (PAT) increased by 26.7% YoY from Rs 94.6 crore to Rs 119.8 crore

FY24 Financial Highlights:

  • Total income increased by 58.0% YoY from Rs 1,446.3 crore to Rs 2,285.5 crore
  • Net interest income (NII) increased by 55.7% YoY from Rs 874.4 crore to Rs 1,361.1 crore
  • Pre-provision operating profit (PPOP) increased by 75.1% YoY from Rs 436.1 crore to Rs 763.8 crore
  • Profit After Tax (PAT) increased by 174.3% YoY from Rs 163.8 crore to Rs 449.5 crore
  • The GNPA of the Company is at 2.3% as against GNPA of 2.9% a year ago, NNPA stood at 0.4% as against 0.6% last year. The GNPA improved by 68 bps and NNPA by 25 bps.
  • Collection Efficiency at 98.4% up 260 bps
  • Robust liquidity of Rs 957.7 crore of unencumbered cash and cash equivalents, 8.3% of the total assets alongside unutilized sanctions totalling Rs 2,119 crore.
  • Healthy capital position with a CRAR of 28.9%
  • 26.3% of collections are via digital channels such as UPI/Customer App, while 100% disbursements are entirely executed digitally.

Thomas Muthoot, Managing Director of Muthoot Microfin, said- “We are pleased to share yet another quarter and fiscal of impressive financial performance, showcasing steady growth in our portfolio led by the acquisition of more customers and expansion of branch network of company. The scale that we have will allow greater operating efficiencies and with stable NIMs and robust asset quality that we have achieved gives us several reasons to believe our performance will continue to improve. Our ROA doubled up to 4.2% in FY24 and the quarter was the fifth straight quarter of RoA remaining above 4%. Our ROE has surpassed our annual guidance led by significantly improved profitability as we continue to deliver outsized returns to our shareholders. We will continue to focus our strategic efforts to grow steadily and responsibly while ensuring excellent corporate governance, operational agility, and resilience. As a responsible MFI player, our mission extends well beyond profit margins. We combine our robust business performance with social responsibility to contribute to a better and more inclusive society.”

Sadaf Sayeed, CEO, Muthoot Microfin, said- "Reviewing our FY24 performance, we take great pride in consistently achieving excellence across all key parameters. Our assets under management have surged by 32% year-on-year, reaching Rs 12,193.5 crore, while we have ended the year with Total income and net profit at new highs. Total income for the year increased by 58.0% YoY from Rs 1,446.3 crore to Rs 2,285.5 crore and Net Profit rose by 174.3% YoY from Rs 163.9 crore to Rs 449.6 crore. The notable improvement in our NPA figures, with NNPA standing at 0.4%, reflects our steadfast commitment to maintaining a robust and healthy loan portfolio. Additionally, we have successfully raised USD 75 million via ECB which further enables us by advancing our liquidity and is a step towards funding diversification and effective ALM management. Our strategic expansion into Telangana and upcoming plans for Andhra Pradesh underscore our commitment to align our growth aspirations with fostering financial inclusion and driving socio-economic progress.”

Result PDF

View Other Company Results

Muthoot Microfin Ltd shares SWOT Analysis

Strengths (11)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Good quarterly growth in the recent results

Weakness (0)

Data not found

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 255.5
R2 260.8
R3 265.2
Pivot

251.11

S1 245.8
S2 241.4
S3 236.0
EMA SMA
231.1
228.4
230.5
-
225.9
229.5
228.5
-
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
THOMAS MUTHOOT PROMOTER 1.76%
THOMAS GEORGE MUTHOOT PROMOTER 1.75%
THOMAS JOHN MUTHOOT PROMOTER 1.75%
MUTHOOT FINCORP LTD PROMOTER 50.21%

FINANCIALS

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

Muthoot Microfin Ltd Stocks COMPARISON

Financials( in Cr) Muthoot Microfin Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 250.15 7,134.25 1,578.90 176.32 360.90
% Change -0.15 -1.01 -0.45 2.33 -1.27
Mcap Cr 4,264.86 441,607.22 251,911.76 230,423.90 229,290.02
Revenue TTM Cr 1,429.10 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 163.89 11,507.69 12,209.54 6,337.01 31.25
PE TTM 9.51 30.55 30.94 35.91 142.53
1 Year Return -6.01 -1.58 3.80 432.69 45.00
ROCE 11.14 11.76 12.69 5.32 0.03
ROE 11.23 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,625.85 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 Microfin Ltd Information

Stock PE (TTM)
9.51
Promoter Holding
55.47%
Book Value
164.4857
ROCE
11.14%
ROE
11.23%
Description
  • Muthoot Microfin Limited was formerly incorporated as "Panchratna Stock and Investment Consultancy Services Private Limited" on April 06, 1992 at Mumbai, Maharashtra. The Company converted into a Public Limited Company on April 30, 1994 and name was changed to "Panchratna Stock and Investment Consultancy Services Limited" on June 09, 1994. Thereafter, name further changed to "Panchratna Securities Limited" pursuant to a resolution and consequent upon change in name granted by the RoC on June 22, 1994. Consequently, the name was converted to "Muthoot Microfin Limited" vide a fresh Certificate of Incorporation on November 06, 2012. As a part of the Muthoot Pappachan Group, the Company is one of the leading business conglomerates in South India, on providing micro-loans with presence in rural regions of India across financial services, automotive, hospitality, real estate, healthcare, information technology, precious metals and alternate energy sectors. The Company provide loans for women entrepreneurs living in rural areas. The loan products comprise of (i) group loans for livelihood solutions such as income generating loans and dairy loans and individual loans such as sewing machine loans; (ii) life betterment solutions including emergency loans, mobile phones loans, solar lantern loans, solar fan and education loans; and (iii) health and hygiene loans such as water purifier loans and induction stove loans. The Company commenced the microfinance business undertaken in the FY 2010, which thereafter was taken over by the Promoters of "Muthoot Pappachan Group", for use of proprietary software and IT systems across their operations and later on was subsequently transferred to Company between April 2014 and March 2017. Further, the loan portfolio and active borrowers were transferred from MFL to the Company only as borrowers renewed their microfinance loans. Such borrowers were registered with the Company and their loan account was transferred to Company. The RBI granted NBFC-MFI status with effect from March 25, 2015. In 2018, the Company was served by 467 branches in 16 states and union territories in India. The Gross Loan Portfolio was Rs. 29,202.97 million, while in South India was Rs. 24,856.50 million as of March 31, 2018. The Company has come out with an initial public offer by raising capital consisting of Rs. 500 crore through fresh issue and by issuing upto 16,310,072 Equity Shares through offer for sale.

Registered Address

13th Floor Parinee Crescenzo, Bandra Kurla Cmpx Bandra East, Mumbai, Maharashtra, 400051

Tel : +91 48 4427 7500
Email : info:muthootmicrofin.com
Website : http://www.muthootmicrofin.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : May
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 544055
NSE Code : MUTHOOTMF
Book Closure Date (Month) :
BSE Group : B
ISIN : INE046W01019

FAQ’s on Muthoot Microfin Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:54 PM the closing price of Muthoot Microfin Ltd was Rs.250.15.

The latest PE ratio of Muthoot Microfin Ltd as of Jun 21, 2024 03:54 PM is 9.51

The latest PB ratio of Muthoot Microfin Ltd as of Jun 21, 2024 03:54 PM is 0.66

The 52-week high of Muthoot Microfin Ltd share price is Rs. 281.00 while the 52-week low is Rs. 196.60

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 03:54 PM, the market cap of Muthoot Microfin Ltd stood at Rs. 4,264.86 Cr.

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