Muthoot Microfin Ltd

Muthoot Microfin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Muthoot Microfin Ltd

₹ 133 -1.23%
28 Feb - close price
muthootmicrofin.com BSE: 544055 NSE: MUTHOOTMF
About

Founded in April 1992, Muthoot Microfin Limited, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural regions in India[1]

Key Points

Market Share[1] Muthoot Microfin is the 3rd largest NBFC-MFI in India in terms of gross loan portfolio as of FY23.[2] They are also 3rd largest among NBFC-MFIs in South India in terms of gross loan portfolio, largest in Kerala, and have a 16% market share in Tamil Nadu

Website BSE NSE
  • Market Cap ₹ 2,267 Cr.
  • Current Price ₹ 133
  • High / Low ₹ 258 / 131
  • Stock P/E 7.60
  • Book Value ₹ 176
  • Dividend Yield 0.00 %
  • ROCE 15.0 %
  • ROE 20.4 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.76 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.9% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of Nifty Total Market BSE Allcap BSE Financial Services BSE SmallCap Nifty Microcap 250

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Quarterly Results

Figures in Rs. Crores

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
333.68 380.18 443.84 478.70 563.63 576.76 646.81 637.88 662.41 680.78
206.69 151.82 146.12 149.89 189.34 208.44 232.56 244.37 333.90 428.15
Operating Profit 126.99 228.36 297.72 328.81 374.29 368.32 414.25 393.51 328.51 252.63
OPM % 38.06% 60.07% 67.08% 68.69% 66.41% 63.86% 64.05% 61.69% 49.59% 37.11%
6.56 3.03 4.33 1.44 1.85 2.34 6.62 0.28 0.62 0.66
Interest 121.06 154.71 168.22 194.30 221.02 231.60 233.72 237.05 237.41 237.29
Depreciation 6.35 6.98 7.41 7.93 8.53 9.22 9.76 10.18 10.53 10.94
Profit before tax 6.14 69.70 126.42 128.02 146.59 129.84 177.39 146.56 81.19 5.06
Tax % 25.73% 18.41% 25.20% 25.26% 25.25% 4.06% 32.49% 22.74% 24.12% 24.90%
4.55 56.87 94.56 95.68 109.57 124.57 119.76 113.22 61.61 3.80
EPS in Rs 0.39 4.87 8.09 8.19 9.38 7.31 7.02 6.64 3.61 0.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
748 684 833 1,429 2,271 2,628
243 369 417 658 785 1,239
Operating Profit 505 315 416 771 1,486 1,389
OPM % 68% 46% 50% 54% 65% 53%
2 12 10 17 15 8
Interest 234 299 340 549 883 945
Depreciation 3 19 21 27 35 41
Profit before tax 271 9 65 213 582 410
Tax % 26% 22% 27% 23% 23%
201 7 47 164 450 298
EPS in Rs 17.63 0.62 4.15 14.03 26.37 17.49
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 49%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 300%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -44%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 114 114 114 117 170 170
Reserves 772 776 1,203 1,486 2,634 2,830
2,451 3,094 4,107 6,646 8,524 8,576
193 200 167 280 262 109
Total Liabilities 3,530 4,184 5,591 8,529 11,590 11,686
21 110 121 172 215 216
CWIP 1 0 0 0 0 0
Investments 0 0 0 63 47 226
3,509 4,074 5,470 8,294 11,329 11,244
Total Assets 3,530 4,184 5,591 8,529 11,590 11,686

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-602 -704 -1,084 -2,333 -2,125
-6 -38 -74 -180 -225
707 80 1,344 2,567 2,549
Net Cash Flow 99 -662 187 54 198

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0
Working Capital Days -58 -94 -44 -43 10
ROCE % 9% 11% 15%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
55.47% 55.47% 55.47% 55.47% 55.47%
27.59% 26.28% 26.55% 25.85% 25.79%
2.80% 2.35% 2.28% 2.57% 2.44%
12.11% 14.01% 13.96% 14.38% 14.56%
2.03% 1.89% 1.74% 1.73% 1.73%
No. of Shareholders 2,15,0981,86,0881,70,2611,62,5751,61,655

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Credit ratings

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