Muthoot Finance Ltd (MUTHOOTFIN)
₹1172.34▲4%
Key Stats
₹1128.25
Day's Price Range
₹1179
₹960.4
52-Week Price Range
₹1721.95
| Returns | |
| 1 Month Return | 11.03 % |
| 3 Month Return | 1.47 % |
| 1 Year Return | -23.58 % |
Company Financials
Value in ₹ crore
Peer Comparsion
PE
Rank 10
11.21
EPS
Rank 4
₹100.11
BVPS
Rank 5
₹388.21
Dividend Yield
Rank 8
1.66%
ROE
Rank 2
27.77%
Price To Book Ratio
Rank 18
2.89
Debt To Asset
Rank 12
0.77
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Company Information
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company provides personal and business loans secured by gold jewellery or Gold Loans primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time or to whom credit may not be available at all to meet unanticipated or other shortterm liquidity requirements. The company is headquartered in Kerala.The companys whollyowned subsidiary Muthoot Insurance Brokers Pvt Limited MIBPL is licensed as a direct broker by IRDAI since 2013 and is actively distributing both life and nonlife insurance products of various insurance companies. Muthoot Finances another whollyowned subsidiary Muthoot Homefin India Limited is a housing finance company with a focus on affordable housing finance. Muthoot Finances subsidiary Belstar Investment and Finance Private Limited BIFPL is a microfinance company. Muthoot Finance holds 66.61 of equity share capital of BIFPL. Muthoot Finances foreign subsidiary Asia Asset Finance PLC AAF Colombo is involved in Retail Finance Hire Purchase Business Loans.Muthoot Finance Ltd was incorporated on March 14 1997 as a private company with the name The Muthoot Finance Pvt Ltd. The company is promoted by M G George Muthoot George Thomas Muthoot George Jacob Muthoot and George Alexander Muthoot. The companys operating history evolved over a period of 70 years since M George Muthoot the father of the promoters founded a gold loan business in 1939 under the heritage of a trading business established by his father Ninan Mathai Muthoot in 1887.In the year 2001 the company obtained the license from RBI to function as an NBFC. In the year 2005 as per the scheme of amalgamation Muthoot Enterprises Private Ltd was amalgamated with the company with effect from March 22 2005.In May 16 2007 the name of the company was changed from The Muthoot Finance Pvt Ltd to Muthoot Finance Pvt Ltd. During the year 200809 the company opened 278 new branches across various states. Also they opened regional offices in Sales and Visakhapatnam.In November 18 2008 the company was converted into public limited company and the name was changed to Muthoot Finance Ltd. They obtained fresh RBI license to function as an NBFC without accepting public deposits consequent to change in name.During the year 200910 the company added 620 new branches. As per the scheme of demerger the radio business of the company was demerged and transferred to Muthoot Broadcasting Pvt Ltd with effect from January 01 2010.The company opened 316 new branched between April 2010 to August 2010. During the year 2010 the companys branch network crossed 1600 branches retail loan portfolio crossed Rs 7400 crore retail debenture portfolio crossed Rs 2700 crore net owned funds crossed Rs 500 crore gross annual income crossed Rs 1000 crore and bank credit limits crossed Rs 1700 crore.In 2011 the companys retail loan portfolio crossed Rs 15800 crore retail debenture portfolio crossed Rs 3900 crore net owned funds crossed Rs 1300 crore gross annual income crossed Rs 2300 crore bank credit limit crossed Rs 6000 crore and branch network crossed 2700 branches. During the year Muthoot Finance received PE investments of Rs 255.68 crore from Matrix partners LLC The Welcome Trust Kotak PE Kotak Investments and Baring India PE. In April 2011 Muthoot Finance successfully raised Rs 901.25 crore from an initial public offer. In 2012 Muthoot Finances retail Loan portfolio crossed Rs 24600 crore retail debenture portfolio crossed Rs 6600 crore net owned funds crossed Rs 2900 crore gross annual income crossed Rs 4500 crore bank credit limit crossed Rs 9200 crore and branch network crossed 3600 branches. During the year the company raised Rs 693 crore through Nonconvertible Debenture Public Issue Series I and Rs 459 crore through Nonconvertible Debenture Public Issue Series II.In 2013 Muthoot Finances branch network crossed 4400 branches. During the year the company raised Rs 259 crore through Nonconvertible Debenture Public Issue Series III Rs 277 crore through NCD Public Issue Series IV and Rs 300 crore through NCD Public Issue Series V. During the year the company obtained RBI license to start operating 9000 White Label ATMs.In 2014 Muthoot Finance raised Rs 418 crore through the oversubscribed 1.8 times Institutional Placement Progrmame IPP. During the year the company acquired 51 per cent equity shares of Colombobased Asia Asset Finance PLC AAF.In 2015 Muthoot Finances retail loan portfolio reached Rs 23409 crore net owned funds crossed Rs 5000 crore gross annual income reached Rs 4325 crore and profit after tax reached Rs 671 crore.In 2016 Muthoot Finances retail loan portfolio crossed Rs 24300 crore net owned funds crossed Rs 5500 crore gross annual income reached Rs 4875 crore and profit after tax for the year reached Rs 810 crore. During the year the company acquired 79 of the equity capital of Muthoot Homefin India Limited MHIL. MHIL is a housing finance company registered with The National Housing Bank. In June 2016 Muthoot Finance acquired Muthoot Insurance Brokers Private Limited MIBPL as a whollyowned subsidiary. MIBPL is an unlisted private limited company holding a licence to act as direct broker from IRDA since 2013. In July 2016 Muthoot Finance acquired 46.83 of the capital of Belstar Investment and Finance Private Limited BIFPL. BIFPL was reclassified as an NBFCMFI by RBI with effect from 11 December 2013. In 2016 credit rating agencies CRISIL and ICRA upgraded Muthoot Finances longterm debt rating. The Board of Directors of Muthoot Finance in its meeting held on 13 February 2017 decided to make an additional investment in M/s. Muthoot Homefin India Limited MHIL a subsidiary company by way of purchase of 17 lakh equity shares of face value Rs. 10/ each at a price of Rs. 11.37/ per share aggregating to Rs. 1.93 crore approximately from an existing shareholder. Post the investment Muthoot Finance Ltd. will have 88.27 shareholding in MHIL.On 18 September 2017 Muthoot Finance announced that it has completed the acquisition of Muthoot Homefin India Limited MHIL by way of purchase of 88 lakh equity shares of face value Rs. 10/ each at a price of Rs. 44/ per share aggregating to Rs. 38.72 crore from existing shareholders and has made a further investment by subscribing to 2.27 crore equity shares of nominal value of Rs. 10/ each at Rs. 44/ each as approved by the Board at its meeting held on 8 August 2017. Post investment the Muthoot Finance is holding 100 paid up share capital of MHIL and MHIL has become the wholly owned subsidiary of Muthoot Finance Ltd.On 23 March 2018 Muthoot Finance announced that the company has further invested in 14 lakh Equity Shares of nominal value of Rs 10 each at a total price of Rs 7 crore by way of subscription to rights issue of Belstar Investment and Finance Private Limited. With this investment the company has increased its shareholding in aforesaid subsidiary to 66.61 from existing shareholding of 64.60.On 5 July 2018 Muthoot Finance announced that it has agreed in principle to acquire shares as well as subscribe to equity shares of Muthoot Money Pvt Ltd MMPL which will result in the change of management/control of MMPL. This is with the intention of further diversifying its business activities. MMPL is engaged in lending and other businesses primarily vehicle finance business.On 20 July 2018 Muthoot Finance announced that Securities and Exchange Board of India SEBI has provided its primary approval to the company for setting up Asset Management Company and Trustee Company along with other compliance under SEBI Mutual Fund Regulations 1996 in order to get registered with SEBI for the proposed mutual fund. The company has to complete the registration process within 6 months of the primary approval in order to get registered with SEBI for setting up proposed mutual fund Business subject to further regulatory approvals.The Loan Assets Portfolio of the Company increased by Rs 51041.00 million during the year 201819 reaching Rs 342461.20 million as on 31 March 2019 as against Rs 291420.20 million as on 31 March 2018.The Net Interest Margin was 14.47 as compared to 15.29 in the previous FY 201718.The company successfully completed 18th and 19th Issue of NonConvertible Debentures through Public Issue during FY 201819 raising Rs 37094.57 million.The company has raised Rs 5750.00 million through Private Placement of debentures.As on 31 March 2019 the company has seven subsidiaries namely M/s. Asia Asset Finance PLC M/s. Muthoot Homefin India Limited M/s. Muthoot Insurance Brokers Private Limited M/s. Belstar Investment and Finance Private Limited M/s. Muthoot Money Limited M/s. Muthoot Asset Management Private Limited and M/s. Muthoot Trustee Private Limited.The Loan Assets Portfolio of the Company increased by Rs 73644.85 million during the year reaching Rs 416106.05 million as on 31 March 2020 as against Rs 342461.20 million as on 31 March 2019.The Net Interest Margin was 15.52 as compared to 14.47 in the previous FY19.The company successfully completed 20th 21st and 22nd Issue of NonConvertible Debentures through Public Issue during FY20 raising Rs 21015.24 million.The company has raised 14250.00 million through Private Placement of debentures during the financial year.Muthoot Finance Limited was awarded Indias No. 1 Most Trusted Financial Services Brand for the 5th year in a row by Brand Trust Report 2020.The Loan Assets Portfolio of the Company increased by Rs 110117.32 million during the year reaching Rs 526223.37 million as on 31 March 2021 as against Rs 416106.05 million as on 31 March 2020.The Net Interest Margin was 14.24 as compared to 15.52 in FY 2019 20.The company successfully completed 23rd and 24th Issue of NonConvertible Debentures through Public Issue during FY 202021 raising Rs 22929.86 million.The company has raised Rs 36455.00 million through Private Placement of NonConvertible Debentures during the financial year.As on 31 March 2021 the company had seven subsidiaries namely Asia Asset Finance PLC Muthoot Homefin India Limited Muthoot Insurance Brokers Private Limited Belstar Microfinance Limited Muthoot Money Limited Muthoot Asset Management Private Limited and Muthoot Trustee Private Limited.As on 31 March 2021the company have 4632 branches across 29 states and union territories.During the quarter ended 30 September 2021the company has made an investment of 39687516 convertible preference shares of LKR 10 each aggregating to Rs 145.96 million in Asia Asset Finance PLCSri Lanka.
| Organisation | Muthoot Finance Ltd |
| Headquarters | Kochi |
| Industry | Finance |