Muthoot Capital Serv

₹290 5.3 | 1.8%

WEBSITE BSE:511766 NSE : MUTHOOTCAP 10 May, 16:01

Market Cap ₹477 Cr.

Stock P/E 3.6

P/B 0.8

Current Price ₹290

Book Value ₹ 365.1

Face Value 10

52W High ₹458

Dividend Yield 0%

52W Low ₹ 265

Edit Ratio

Muthoot Capital Serv Research see more...

Overview Inc. Year: 1994Industry: Finance - NBFC

Muthoot Capital Services Ltd is a deposit taking NBFC. The Company is commonly engaged within the business of financing. The Company provide fund and non-fund based monetary services to retail, company and institutional customers thru numerous dealerships across the country and through huge community of branches of Muthoot Fincorp Ltd. The Company’s portfolio includes retail finance merchandise which include Two-Wheeler Loans, Used Car Loans at the side of enterprise loans to corporates and Investment Products in the form of Fixed Deposits and subordinated debts. The Company is promoted through the Muthoot Pappachan Group (MPG). The Company is planning to cross-sell gold loans to its customers. The Company has presence inside the non-banking financial zone in rural and semi-urban areas.

Muthoot Capital Serv Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Muthoot Capital Serv Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	98	99	93	108	107	110	113	107	98	96
Other Income	0	0	0	0	0	0	0	0	2	1
Total Income	98	99	93	108	108	110	113	107	100	97
Total Expenditure	77	70	50	278	54	50	47	38	43	44
Operating Profit	20	29	43	-170	54	60	65	69	57	53
Interest Expense	40	39	36	34	33	35	38	44	41	40
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-20	-11	6	-205	21	24	28	24	112	13
Provision for Tax	-5	-3	2	-51	5	6	8	7	29	3
Profit After Tax	-15	-8	4	-153	16	18	20	18	83	10
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-15	-8	4	-153	16	18	20	18	83	10
Adjusted Earnings Per Share	-9.1	-4.9	2.7	-93.1	9.5	11.1	12	10.8	50.6	6.1

Muthoot Capital Serv Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	107	159	190	228	284	398	518	586	504	411	444	414
Other Income	1	0	1	1	0	0	0	0	1	0	0	3
Total Income	107	159	191	228	284	398	519	587	505	411	445	417
Total Expenditure	38	64	79	105	133	192	206	264	247	476	187	172
Operating Profit	69	95	112	123	151	206	313	323	258	-65	258	244
Interest Expense	36	60	77	87	104	123	179	228	187	150	148	163
Depreciation	1	1	1	1	1	1	1	2	1	1	1	0
Profit Before Tax	32	34	34	35	46	82	133	93	70	-216	109	177
Provision for Tax	11	11	12	13	16	29	47	33	18	-54	30	47
Profit After Tax	22	22	22	23	30	54	86	60	51	-162	79	131
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	22	22	22	23	30	54	86	60	51	-162	79	131
Adjusted Earnings Per Share	15.9	16.2	16.2	16.7	21.9	32.6	52.3	36.8	31.3	-98.4	47.8	79.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	-9%	2%	15%
Operating Profit CAGR	0%	-7%	5%	14%
PAT CAGR	0%	10%	8%	14%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-6%	-8%	-17%	13%
ROE Average	17%	-2%	5%	13%
ROCE Average	12%	6%	9%	12%

Muthoot Capital Serv Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	103	119	133	148	178	394	447	507	560	411	489
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	10	4	13	29	114	96	966	1107	934	720	1012
Current Liability	362	592	729	895	976	1481	1226	1298	1064	966	933
Other Liabilities & Provisions	1	-1	-2	-4	4	-5	-32	-26	-20	-98	-91
Total Liabilities	475	714	873	1067	1272	1966	2608	2886	2538	1999	2343
Loans	206	0	0	0	492	828	2476	2428	1872	1597	1681
Investments	0	7	13	14	15	18	11	11	16	27	45
Fixed Assets	2	3	2	2	2	2	2	4	3	2	2
Other Loans	1	2	1	2	1	1	1	1	1	1	1
Other Non Current Assets	0	0	1	0	6	0	10	4	3	2	1
Current Assets	266	702	856	1050	755	1117	107	438	643	369	612
Total Assets	475	714	873	1067	1272	1966	2608	2886	2538	1999	2343

Muthoot Capital Serv Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	10	1	8	3	8	14	3	31	286	541	293
Cash Flow from Operating Activities	-142	-199	-129	-166	-99	-614	-501	24	670	73	-46
Cash Flow from Investing Activities	-2	-8	-6	0	-2	-3	0	2	1	-9	-17
Cash Flow from Financing Activities	135	214	130	165	107	619	529	229	-416	-311	272
Net Cash Inflow / Outflow	-9	7	-5	-0	6	2	29	255	255	-248	209
Closing Cash & Cash Equivalent	1	8	3	2	14	17	31	286	541	293	502

Muthoot Capital Serv Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	15.86	16.19	16.25	16.66	21.93	32.64	52.34	36.77	31.28	-98.44	47.84
CEPS(Rs)	16.25	16.76	17.26	17.41	22.65	33.23	52.97	37.76	32.07	-97.86	48.23
DPS(Rs)	4	4.5	5	5.5	0	0	0	0	0	0	0
Book NAV/Share(Rs)	75.01	86.41	97.16	107.8	129.73	239.51	271.85	308.44	340.16	250.05	297.46
Net Profit Margin	20.4	14	11.7	10.03	10.59	13.5	16.61	10.31	10.21	-39.42	17.71
Operating Margin	64.33	59.29	58.24	53.75	52.86	51.62	60.19	54.77	50.89	-16.01	57.84
PBT Margin	30.26	21.18	17.94	15.56	16.26	20.73	25.63	15.94	13.79	-52.5	24.49
ROA(%)	5.51	3.74	2.81	2.36	2.57	3.32	3.76	2.2	1.9	-7.14	3.62
ROE(%)	22.92	20.05	17.7	16.25	18.47	18.77	20.47	12.67	9.65	-33.36	17.47
ROCE(%)	18.16	16.43	14.57	13.17	13.71	13.69	14.16	11.83	9.57	-2.9	11.64
Price/Earnings(x)	5.89	5.42	11.31	8.02	11.32	22.6	17.14	6.8	11.74	0	5.36
Price/Book(x)	1.24	1.01	1.89	1.24	1.91	3.08	3.3	0.81	1.08	1.04	0.86
Dividend Yield(%)	3.89	4.67	2.47	3.74	0	0	0	0	0	0	0
EV/Net Sales(x)	4.49	4.31	4.96	4.62	4.62	6.63	6.78	4.03	3.85	4.18	3.91
EV/Core EBITDA(x)	6.93	7.2	8.42	8.53	8.69	12.79	11.23	7.32	7.52	-26.51	6.75
Interest Earned Growth(%)	59.13	48.71	20.11	19.6	24.68	40.02	30.36	13.12	-14.04	-18.51	8.12
Net Profit Growth	40.29	2.05	0.39	2.52	31.67	78.38	60.4	-29.76	-14.91	-414.69	148.59
EPS Growth(%)	40.29	2.05	0.39	2.52	31.67	48.8	60.38	-29.76	-14.91	-414.69	148.59
Interest Coverage(x) %	1.89	1.56	1.45	1.41	1.44	1.67	1.74	1.41	1.37	-0.44	1.73

Muthoot Capital Serv Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.62	62.62	62.62	62.62	62.62	62.62	62.62	62.62	62.62	62.62
FII	9.58	9.63	8.97	0.51	0.56	0.61	0.97	1.57	1.35	1.36
DII	6.75	6.68	5.98	3.07	0.18	0.88	0.86	0.93	0.68	0.68
Public	21.05	21.07	22.43	33.8	36.64	35.89	35.55	34.89	35.35	35.33
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03
FII	0.16	0.16	0.15	0.01	0.01	0.01	0.02	0.03	0.02	0.02
DII	0.11	0.11	0.1	0.05	0	0.01	0.01	0.02	0.01	0.01
Public	0.35	0.35	0.37	0.56	0.6	0.59	0.58	0.57	0.58	0.58
Others	0	0	0	0	0	0	0	0	0	0
Total	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64	1.64

Pros

Stock is trading at 0.8 times its book value

Cons

Company has a low return on equity of -2% over the last 3 years.
The company has delivered a poor profit growth of 7% over past five 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.