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MUTHOOT FINANCE LTD. 1152.00 20.00 (1.77%)

  • BSE: 515037
  • |
  • NSE: MUTHOOTFIN
  • |
  • ISIN NO: INE414G01012
  • |
  • INDUSTRY: Finance (including NBFCs)
Profile

MUTHOOTFIN

Muthoot Finance Limited or MUTHOOTFIN

It was earlier incorporated as a private limited company as on March 14, 1997, with the title "The Muthoot Finance Private Limited" under the Companies Act. And subsequently, by a fresh certificate of incorporation dated May 16, 2007, its name was again changed to "Muthoot Finance Private Limited" respectively. The Company was also converted into a public limited company on November 18, 2008, with the title "Muthoot Finance Limited ... " & received a fresh certificate of incorporation consequent upon the change in status as on December 02, 2008 from RoC. It is one of the largest gold financing company in India in terms of its loan portfolio as it provides both personal and the business loans secured by gold jewelry or the Gold Loans, primarily to individuals who possess the required gold jewelry but could not access formal credit within a reasonable time, or the others to whom credit may not be available at all, or to meet unanticipated or the other short–term liquidity requirements. As the Company's Gold Loan portfolio as of March 31, 2010, also comprises of about 2.8 million loan accounts in India itself that it has serviced via 1,605 branches spread across 20 different states and the other two union territories in India. According to the IMaCS Industry Report 2009, on March 31, 2010, it has its most abundant branch network and among the largest among gold loan NBFCs in India. It has increased its branch network to 1,921 branches as of August 31, 2010, and uses its branch network to serve an average of about 53,989 customers per day in August 2010. As of August 31, 2010, the Company employed 12,220 persons in its operations. This particular Company is a "Systemically Important Non–deposit taking NBFC" whose headquarters are located in the southern Indian state of Kerala. The Company has issued a secured non–convertible debentures also known as "Muthoot Gold Bonds" on a private placement basis. It proceeds from the issuance of Muthoot Gold Bonds form a significant source of funds for their Gold Loan business. It also relied on bank loans and subordinated debt instruments as its sources of funds. As of March 31, 2010, it had INR 2,719.25 crore in an outstanding Muthoot Gold Bonds and INR 2,561.27 crore in the other types of borrowings. The Company has also raised capital by selling a portion of its loan receivables under bilateral assignment agreements with different banks that purchase their portfolio primarily for meeting their various priority sector lending commitments. Also, the Company's customers are typically small businessmen, or the vendors, or traders, or farmers and can be salaried individuals, who for reasons of convenience, either have accessibility or necessity to avail or get benefitted by its credit facilities by pledging their gold jewelry with it rather than by taking loans from banks and some other financial institutions. It provides the retail loan products, primarily comprising of the Gold Loans. The Company also disburses other loans which include those secured by the Muthoot Gold Bonds. As the Company's Gold Loans have a maximum of the 12-month term, and its average disbursed Gold Loan amount outstanding was INR 26,183.0 per loan account as of March 31, 2010. In the year ended as on March 31, 2010, the Company's retail loan portfolio earned, and on an average, 1.67% per month, or 19.94% per annum.

The Milestones:

  1. 2007 –
  • The Retail loan portfolio of the Company crosses INR 1000 crore.
  • The RBI accords status of Systemically Important ND–NBFC.
  • The Branch network of the Company crosses 500 branches.
  • The Net owned funds of the Company crossed INR 100 crore.
  1. 2008 –
  • The Retail loan and debenture portfolio crossed INR 2000 crore and INR 1000 crore respectively.
  • The Net owned funds of the Company crossed INR 200 crore.
  • The F1 rating obtained from Fitch Ratings affirmed with an enhanced short term debt of INR 80 crore.
  • An Overall credit limit from lending banks crosses INR 500 crore.
  • The Conversion of the Company into a public limited company.
  • The Fresh RBI license obtained to function as an NBFC without accepting public deposits, consequent to change in name.
  1. 2009 –
  • The Retail loan and debenture portfolio crossed INR 3000 crore and INR 1500 crore respectively.
  • The Net owned funds of the Company crossed INR 300 crore.
  • The Gross annual income crosses INR 500 crore.
  • Overall credit limits from lending banks crossed INR 1000 crore.
  1. 2010:
  • The direct loan and debenture portfolio crossed INR 5000 crore and INR 2000 crore respectively.
  • It is Net owned funds of the Company crossed INR 400 crore.
  • The overall credit limits from lending banks cross INR 2000 crore.
  • The ICRA assigns '''A1+' rating for short term debt of INR 200 crore.
  • The CRISIL assigns '''P1+' rating for short term debt of INR 400 crore.
  • The Branch network of the Company crosses 1,000 branches.
  • The Demerger of the FM radio business into Muthoot Broadcasting Private Limited.
  • The Private equity investment of an aggregate of INR 157.55 crore from Matrix Partners India Investments, and LLC & Baring India Private Equity Fund III Limited.
  • The Private equity investment of an aggregate of INR 42.58 crore from Kotak India Private Equity Fund and Kotak Investment Advisors Limited.
  1. 2013
  • It obtains RBI License to start operating 9,000 White Label ATMs.

Read More
Key Data
  • Market cap 43641.00 CR.
  • Book value 307.08
  • Stock P/E 14
  • Dividend Yield 1.38%
  • ROCE 16.06%
  • ROE 28.26%
  • Sales Growth (3Y) 14.89%
  • Face Value (3Y) 10.00
Trend Analysis
  • Short Term Trend :
    Not clear
  • Medium Term Trend :
    Not Clear
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM - -
11 AM - -
12 PM - -
1 PM - -
2 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Higher High Higher Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 1020.03 1056.08 1092.13 1105.32 1128.18 1141.37 1164.23 1200.28 1236.33
woodie's 1049.87 1085.92 1100.46 1121.98 1136.51 1158.02 1172.56 1194.08 1230.12
fibonacci - 1092.13 1105.90 1114.41 1128.18 1141.95 1150.47 1164.23 -
camarilla 1098.67 1108.59 1111.89 1115.20 -- 1121.80 1125.11 1128.41 1138.33
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 1108.65
1217.00
1158.17 -2.08 % 1.48 %
20 DAY 1108.65
1298.00
1183.64 -9.94 % 5.01 %
50 DAY 1000.00
1298.00
1162.72 -0.76 % 10.14 %
100 DAY 1000.00
1405.75
1177.66 -8.94 % 13.98 %
200 DAY 476.80
1405.75
1011.49 39.24 % 40.86 %
YTD 476.80
1405.75
979.70 49.34 % 6.75 %
52 Week 476.80
1405.75
858.19 64.89 % 7.33 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Industry Growth Rate

In Last 1 Year the industry has grown by 15.15 %

In Last 5 Year the industry has grown by 10.41 %

Peer comparison

Sales

COMPANY NAME 2014 2015 2016 2017 2018 2019
MUTHOOTFIN 4336.00 4936.00 5935.00 6714.00 7594.00
RELCAPITAL 7467.00 8900.00 9941.00 17507.00 18725.00 20453.00
RECLTD 17223.00 20544.00 24125.00 24338.00 22658.00 25408.00
PFC 21407.00 24988.00 27861.00 27581.00 48624.00 54114.00
BAJFINANCE 5392.00 7299.00 9970.00 12746.00 18485.00
Total 12832.00 14832.40 17066.20 21893.40 25210.80 15365.67

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE GNPA REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 Bajaj Finance Limited 295117.37 4903.30 361.60 69.26 65.38 34.74 1.54% 18485.00 3995.00 21.61% 45.03% 60.06%
2 Paisalo Digital Ltd 67353.69 157.90 154.71 13.89 15.85 1.37 361.00 56.00 15.51% 19.54%
3 PTC INDIA FINANCIAL SERVICES LTD. 54641.40 8.55 32.19 2.87 4.97 0.29 1336.00 184.00 13.77% 12.74%
4 ARMAN FINANCIAL SERVICES LTD. 24912.40 293.50 124.77 30.69 26.84 3.00 141.00 21.00 14.89% 80.77% 200.00%
5 The Investment Trust Of India Ltd 50513.41 99.00 74.90 6.92 17.11 0.69 630.12 35.29 5.60% 87.83% 32.01%
6 PNB GILTS LTD. 47252.88 26.25 50.01
7 SREI INFRASTRUCTURE FINANCE LTD. 30336.84 6.01 58.62 9.67 0.91 0.97 6565.00 487.00 7.42% 21.53% 28.84% 22.78% 19.50%
8 NALWA SONS INVESTMENTS LTD. 33285.22 634.50 5870.00 151.95 5.13 15.60 43.00 78.00 181.40% 19.44% 609.09% 1.51%
9 VARDHMAN HOLDINGS LTD. 31866.51 1000.00 1922.00 632.23 2.03 67.33 9.00 202.00 2244.44% 12.85%
10 POWER FINANCE CORPORATION LTD. 28604.77 108.30 172.14 37.58 3.27 3.76 54114.00 9921.00 18.33% 11.29% 48.32% 23.44% 21.04%
11 MUTHOOT FINANCE LTD. 46232.01 1153.75 264.32 51.86 14.65 5.18 7594.00 2078.00 27.36% 13.11% 13.55%
12 REC Ltd 23846.83 120.75 186.52 29.07 5.19 2.91 25408.00 5741.00 22.60% 12.14% 28.98% 17.93% 16.25%
13 CREST VENTURES LIMITED 17399.06 60.00 115.63 16.84 5.70 1.71 52.00 48.00 92.31% 47.27%
14 Cholamandalam Investment and Finance Company Ltd 30467.73 389.50 83.19 15.32 22.37 7.68 7088.00 1198.00 16.90% 27.50% 30.36% 20.05%
15 SHRIRAM TRANSPORT FINANCE CO.LTD. 24348.85 1071.10 751.03 113.51 9.98 11.35 15529.00 2576.00 16.59% 15.01% 1.06%
16 MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. 10557.60 170.90 174.08 29.72 13.05 14.85 10429.00 1827.00 17.52% 31.85% 54.18% 22.27% 23.58%
17 RELIANCE CAPITAL LTD. 24568.67 9.71 234.54 20453.00 9.23% 13.41%
18 SUNDARAM FINANCE LTD. 19599.26 1763.50 478.23 105.40 15.83 10.55 3772.00 1161.00 30.78% 59.04% 8.03% 21.33%
19 INDUSTRIAL INVESTMENT TRUST LTD. 16532.44 75.05 206.44 23.00 27.78% 1.93%
20 MANAPPURAM FINANCE LTD. 15205.49 179.80 56.88 10.94 15.43 5.46 0.55% 4116.00 922.00 22.40% 20.32% 36.19% 37.94% 40.85%
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 9.24
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 31.74
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

MUTHOOTFIN: Future
TRADING SYMBOL OI VOLUME LAST PRICE LOT SIZE EXPIRY DATE
MUTHOOTFIN20DECFUT 6701250.00 10176750.00 1140.00 750 2020-12-31
MUTHOOTFIN21JANFUT 81750.00 78750.00 1142.55 750 2021-01-28
MUTHOOTFIN21FEBFUT 6000.00 9750.00 1150.00 750 2021-02-25
ROLLOVER COST: 0.22% (INR 2.55)
ROLLOVER%:1.29%
What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
MUTHOOTFIN 2011-05-06 A K G SECURITIES AND CONSULTANCY LTD S 1949279.00 173.22
MUTHOOTFIN 2011-05-06 A K G SECURITIES AND CONSULTANCY LTD P 1949279.00 173.06
MUTHOOTFIN 2011-05-06 CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 2511115.00 173.12
MUTHOOTFIN 2011-05-06 CROSSEAS CAPITAL SERVICES PRIVATE LIMITED P 2511115.00 173.05
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
2020-03-23 15.00
2019-04-11 12.00
2018-02-15 10.00
2017-03-30 6.00
2016-03-16 2.00
2015-11-05 4.00
2015-09-22 2.00
2014-10-22 4.00
2014-09-10 1.00
2014-02-04 2.00
2013-11-05 3.00
2013-09-12 4.50
2012-08-16 4.00
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value