Muthoot Finance Share Price
MUTHOOTFIN
Muthoot Finance Share Price Chart
About Muthoot Finance
Muthoot Finance Financials
Market cap ₹79,944 Crs | Open ₹2,000.00 | Close ₹1,991.30 |
Circuit range ₹2,190.40 - ₹1,792.20 | Day range ₹1,995.10 - ₹2,054.65 | Year range ₹1,261.90 - ₹2,078.75 |
Volume 10,17,512 | Avg. traded ₹2,037.58 | Revenue (12m) ₹17,300 Crs |
Muthoot Finance Limited is a non-banking financial company (NBFC) engaged primarily in the business of gold loan products. It is the largest gold financing firm offering personal and business loans secured by gold jewellery. The company caters to individuals who own gold jewellery but cannot get access to the formal credit system. Its subsidiary, Muthoot Insurance Brokers Pvt Limited (MIBPL) has been licensed as a direct broker by the Insurance Regulatory and Development Authority of India (IRDAI) since 2013 and is actively distributing both life and non-life insurance products.
The company offers home loan products through another subsidiary Muthoot Homefin (India) Limited. Muthoot Finance Ltd owns a 2/3 stake in its subsidiary Muthoot Finance's subsidiary Belstar Investment and Finance Private Limited (BIFPL) engaged in the microfinance business.
Business operations
The company was incorporated as The Muthoot Finance Private Limited firm in 1997. However, its history goes back to 1939 when M George Muthoot founded a gold business under the heritage trading business established by his father Ninan Mathai Muthoot in 1887. The company obtained an NBFC licence from the Reserve Bank of India (RBI) in 2001. In 2007, 'The' was dropped from the company's name. The next year, the firm was converted to a public company. Following this, the company obtained a fresh RBI licence to function as an NBFC without accepting public deposits. By April 2010, the company's network had expanded to 1600 branches.
In 2011, Muthoot Finance received PE investments of ₹255.68 crore from Matrix Partners LLC, The Welcome Trust, Kotak PE Kotak Investments and Baring India PE.
The same year, the company brought an initial public offering (IPO) to raise funds from the capital market.
In 2013 Muthoot Finance obtained an RBI licence to start operating 9,000 white label ATMs.
In 2016, credit rating agencies CRISIL and ICRA upgraded the company's long-term debt rating from AA-/stable to AA/Stable.
In 2018, Muthoot Finance announced that the Securities and Exchange Board of India (SEBI) has approved the company for setting up an asset management company and trustee company along with other compliance under SEBI (Mutual Fund) Regulations 1996 to get registered for the proposed mutual fund.
In FY 2022, the company launched its loan originating system, iMithra, to digitally originate the leads for better TAT. It focused more on funding cars and new two-wheelers in the vehicle loan portfolio.
As of March 31 2023, the Company had 5838 branches with 259 new branches opened during the year. The firm is present in 29 states across the country.
As of January 12, 2024, Muthoot Finance’s market capitalisation was over ₹59,154 crore. Muthoot Finance share price has grown by over 14% in the last three years.
Financial highlights
– Muthoot Finance’s total revenue in FY23 stood at ₹10,543.7 crore, recording a dip of 5 % from ₹ 11, 098.4 crore in the last financial year. – The company reported a net profit of ₹3,473 crore in FY23 as against ₹3,954 crore in FY22. – The company's gold loan portfolio was valued at ₹61,900 crore as of FY 2023. – Its basic earnings per share (EPS) slipped to ₹ 86.54 in FY23 from ₹ 98.55 in the last financial year.
Muthoot Finance Key indicators
52 week high ₹2,078.75 | 52 week low ₹1,261.90 | P/E ratio 17.09 |
P/B ratio 2.94 | ROE 17.86% | ROCE 13.15% |
Dividend yield 1.23% | Debt/Equity ratio 2.42 | EPS 100.87 |
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Analyst ratings:
Analyst ratings:
71%
Hold
19%
Sell
10%
This analysis is based on the reviews of 21 experts in the last 7 days
Muthoot Finance Fundamentals
Muthoot Finance Financial Ratios
Operating profit margin80.58% | Net profit margin32.05% |
ROE17.86% | ROA5.14% |
ROCE13.15% |
Quick ratio3.74 | Current ratio3.74 |
Interest coverage2.17 | Asset turnover0.16 |
Debt to Equity2.42 |
P/E ratio17.09 | P/B ratio2.94 |
EV / EBITDA11.11 | |
Dividend yield1.23% |
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Revenue statement
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Cash flow
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Balance sheet
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Muthoot Finance Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Tue, Dec 10 2024 | ₹2,000.00 | ₹2,033.25 | |
Mon, Dec 9 2024 | ₹1,939.95 | ₹1,991.30 | |
Fri, Dec 6 2024 | ₹1,932.95 | ₹1,951.55 | |
Thu, Dec 5 2024 | ₹1,959.90 | ₹1,937.55 | -0.53% |
Wed, Dec 4 2024 | ₹1,942.25 | ₹1,947.80 | |
Tue, Dec 3 2024 | ₹1,935.85 | ₹1,932.80 | -0.14% |
Mon, Dec 2 2024 | ₹1,917.05 | ₹1,935.55 | |
Fri, Nov 29 2024 | ₹1,917.85 | ₹1,917.05 |
Events
Corporate actions
Dividend • ₹24/share
Ex date 31 May 2024
Dividend • ₹22/share
Ex date 18 Apr 2023
Dividend • ₹20/share
Ex date 25 Apr 2022
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Muthoot Finance Futures & Options
Expiry dates | Current price | Change % |
---|---|---|
MUTHOOTFIN 2000 CE 26 DEC 24 | ₹65.70 | |
MUTHOOTFIN 2100 CE 26 DEC 24 | ₹19.70 | |
MUTHOOTFIN 2040 CE 26 DEC 24 | ₹43.25 | |
MUTHOOTFIN 2060 CE 26 DEC 24 | ₹32.75 |