Muthoot Finance Ltd (MUTHOOTFIN)

Muthoot Finance's Low P/E Ratio Indicates Lacklustre Earnings Performance - 28 Apr, 2024

Muthoot Finance Limited's low P/E ratio of 16.3x is due to its inferior earnings outlook, which investors believe won't improve enough to justify a higher P/E. Analysts estimate growth of 8.9% per annum for the next three years, lower than the market forecast of 20%. Unless conditions improve, this will continue to form a barrier for the share price.

Muthoot Finance Plans Dollar Bond Issue - 26 Apr, 2024

Muthoot Finance is set to raise funds through a dollar bond issue over the next few days with Deutsche Bank and Standard Chartered Bank as joint global coordinators. The firm plans to price its dollar bonds with a door-to-door tenor of around four years in the coming weeks.

Muthoot Finance Reports Rise in Net Profit Despite Drop in Capital Adequacy Ratio - 23 Apr, 2024

Despite reporting a 14% YoY rise in net profit for Q3 FY2024, Muthoot Finance's capital adequacy ratio fell to 30.86%. The company also saw a drop of 2.46% in its stock price and an increase in fresh short positions.

Muthoot Finance Board Approves $2 Billion ECB Plan - 19 Apr, 2024

Muthoot Finance's board has approved a $2 billion External Commercial Borrowing (ECB) plan to fund business expansion. The update of the existing Global Medium Term Note Programme will aggregate to $2 billion.

Muthoot Finance Updates GMTN Programme - 18 Apr, 2024

Muthoot Finance has approved the update of its existing Global Medium Term Note Programme for $2 billion. The Notes proposed to be issued pursuant to the programme are set to be listed on NSE IFSC.

Gold Loan Book of Muthoot Finance Expected to Grow in Q4FY24 - 15 Apr, 2024

Muthoot Finance's gold loan book is expected to grow at a higher rate than previously assumed in Q4FY24, with elevated gold prices and stable asset quality. Analysts expect 16.8% CAGR in gold loans AUM for Muthoot between Q3FY24 and FY26. Regulatory tightening on unsecured loans could be a sentiment positive for gold-backed lenders.

Muthoot Finance Likely to Benefit from Sector Tailwinds - 13 Apr, 2024

Muthoot Finance and Manappuram Finance are likely to benefit from increasing gold prices, reduced competition from banks post-Covid, and regulatory interventions. Muthoot Finance is preferred due to strong customer acquisition and retention measures, entry into new geographies and customer segments, economies of scale, and growth based on internal accruals. Earnings estimates have been raised for FY24E-FY26E, with a Buy rating and revised target price of Rs 1,927.

Muthoot Finance Seeks Funds Through Debenture Issue; Earnings Estimates Revised Upward - 10 Apr, 2024

Muthoot Finance is set to raise up to Rs 360 crore through a public issue of debentures. Meanwhile, Nirmal Bang Institutional Equities has revised its earnings estimates for the company upward due to various factors such as strong customer acquisition and retention measures, entry into new geographies and customer segments, economies of scale, and growth based on internal accruals.

Muthoot Finance Set to Benefit from Gold Price Surge - 09 Apr, 2024

Muthoot Finance is set to benefit from the surge in gold prices as it lifts the value of collateral held by the company. Additionally, Kochi-based microfinance institution, Muthoot Microfins, reported a 32% YoY growth in assets under management for the March quarter.

Muthoot Microfin Reports Strong Growth in AUM and Disbursements - 08 Apr, 2024

Muthoot Microfin reports a 32% YoY growth in assets under management (AUM) and loan disbursement at a record high of Rs 10,662 crore during the financial year 2023-24. The company also expands its branch network by 29%, reaching a total count of 1,508 branches.

Muthoot Finance Misrepresented Information to CCI - 05 Apr, 2024

The Competition Commission of India found Muthoot Finance guilty of misrepresenting information and indulging in forum shopping in a 2021 complaint against debenture trustees. The gold loan company's stock is performing well due to high gold prices, but competition within NBFCs remains a concern.

Muthoot Finance Shares Surge on Gold Prices, Receives Show-Cause Notice from CCI - 04 Apr, 2024

Shares of Muthoot Finance reached a 52-week high due to the surge in gold prices. However, the company also received a show-cause notice from the Competition Commission of India for alleged misrepresentation of data.

Muthoot Finance's TSR for the last 5 years was 165% - 01 Apr, 2024

Muthoot Finance's five-year earnings growth trails shareholder returns, but its TSR for the last 5 years was 165%, exceeding share price return. The dividend payments largely explain the divergence.