Muthoot Microfin Ltd
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]
- Market Cap ₹ 3,060 Cr.
- Current Price ₹ 180
- High / Low ₹ 267 / 179
- Stock P/E 7.30
- Book Value ₹ 176
- Dividend Yield 0.00 %
- ROCE 15.0 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.02 times its book value
- Company is expected to give good quarter
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 Microcap 250 BSE SmallCap BSE Financial Services BSE IPO BSE Allcap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 748 | 684 | 833 | 1,429 | 2,271 | 2,532 | |
| 243 | 369 | 417 | 658 | 785 | 1,023 | |
| Operating Profit | 505 | 315 | 416 | 771 | 1,486 | 1,509 |
| OPM % | 68% | 46% | 50% | 54% | 65% | 60% |
| 2 | 12 | 10 | 17 | 15 | 11 | |
| Interest | 234 | 299 | 340 | 549 | 883 | 946 |
| Depreciation | 3 | 19 | 21 | 27 | 35 | 40 |
| Profit before tax | 271 | 9 | 65 | 213 | 582 | 535 |
| Tax % | 26% | 22% | 27% | 23% | 23% | |
| 201 | 7 | 47 | 164 | 450 | 419 | |
| EPS in Rs | 17.63 | 0.62 | 4.15 | 14.03 | 26.37 | 24.58 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 49% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 300% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Fourth-generation leaders join Muthoot Pappachan Group's Board.
-
Update - Intimation With Respect To Trading Window Opening
20 Dec - Opening of trading window for Muthoot Microfin Limited.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
19 Dec - Resignation and appointment of directors at Muthoot Microfin.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On December 19, 2024 - Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')
19 Dec - Resignation and appointment of directors in Muthoot Microfin.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Dec - Muthoot Microfin reduces lending rates for third time in 2024.
Concalls
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Nov 2024Transcript PPT
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Nov 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT REC
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May 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Mar 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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