By Helgi Library - October 15, 2019
Muthoot Finance stock traded at INR 615 per share at the end 2018 implying a market capitalization of USD 3,538 mil. Since the end of 2...
By Helgi Library - October 15, 2019
Muthoot Finance's net interest margin amounted to 12.8% in 2018, down from 13.5% compared to the previous year. Historical...
By Helgi Library - October 15, 2019
Muthoot Finance generated total banking revenues of INR 45,725 mil in 2017, up 28.1% compared to the previous year. Indian...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | INR mil | 34,595 | 44,752 | 48,805 |
| Other Income | INR mil | 1,100 | 974 | 0 |
| Total Revenues | INR mil | 35,696 | 45,725 | 48,805 |
| Operating Profit | INR mil | 22,552 | 31,435 | 30,745 |
| Provisions | INR mil | 2,967 | 2,712 | 0 |
| Net Profit | INR mil | 11,998 | 17,841 | 20,780 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | INR mil | 965 | 1,656 | 2,268 |
| Customer Loans | INR mil | 288,289 | 313,664 | 387,225 |
| Total Assets | INR mil | 321,841 | 343,051 | 417,348 |
| Shareholders' Equity | INR mil | 66,100 | 79,484 | 100,736 |
| Interbank Borrowing | INR mil | 132,561 | 78,415 | 293,464 |
| Customer Deposits | INR mil | 0 | 0 | 0 |
| Issued Debt Securities | INR mil | 43,549 | 123,089 | 0 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 19.6 | 24.5 | 23.1 |
| ROA | % | 4.03 | 5.37 | 5.47 |
| Costs (As % Of Assets) | % | 4.41 | 4.30 | 4.75 |
| Costs (As % Of Income) | % | 36.8 | 31.3 | 37.0 |
| Net Interest Margin | % | 11.6 | 13.5 | 12.8 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 12.3 | 9.14 | 11.9 | |
| Price/Book Value (P/BV) | 2.23 | 2.05 | 2.45 | |
| Earnings Per Share (EPS) | 29.9 | 44.4 | 51.8 | |
| Book Value Per Share | 165 | 198 | 251 | |
Get all company financials in excel:
| summary | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||
| Net Interest Income | INR mil | 25,395 | 23,019 | 22,123 | 25,871 | 34,595 | ||
| Total Revenues | INR mil | 25,677 | 23,215 | 22,243 | 26,551 | 35,696 | ||
| Operating Profit | INR mil | 15,115 | 11,936 | 10,287 | 14,931 | 22,552 | ||
| Net Profit | INR mil | 10,042 | 7,801 | 6,710 | 8,145 | 11,998 | ||
| balance sheet | ||||||||
| Interbank Loans | INR mil | 825 | 354 | 202 | 491 | 965 | ||
| Customer Loans | INR mil | 265,176 | 219,964 | 237,448 | 248,587 | 288,289 | ||
| Debt Securities | INR mil | 11,482 | 11,640 | 11,550 | 14,679 | 12,769 | ||
| Total Assets | INR mil | 294,163 | 255,939 | 269,962 | 273,948 | 321,841 | ||
| Shareholders' Equity | INR mil | 37,356 | 42,646 | 51,130 | 56,600 | 66,100 | ||
| Interbank Borrowing | INR mil | 94,802 | 60,643 | 77,607 | 126,598 | 132,561 | ||
| Customer Deposits | INR mil | 0 | 0 | 0 | 0 | 0 | ||
| Issued Debt Securities | INR mil | 79,529 | 69,046 | 67,665 | 11,376 | 43,549 | ||
| ratios | ||||||||
| ROE | % | 26.9 | 19.5 | 14.3 | 15.1 | 19.6 | ||
| ROA | % | 3.41 | 2.84 | 2.55 | 2.99 | 4.03 | ||
| Costs (As % Of Assets) | % | 3.59 | 4.10 | 4.55 | 4.27 | 4.41 | ||
| Costs (As % Of Income) | % | 41.1 | 48.6 | 53.8 | 43.8 | 36.8 | ||
| Net Interest Margin | % | 8.63 | 8.37 | 8.41 | 9.51 | 11.6 | ||
| Interest Income (As % Of Revenues) | % | 98.9 | 99.2 | 99.5 | 97.4 | 96.9 | ||
| Equity (As % Of Assets) | % | 12.7 | 16.7 | 18.9 | 20.7 | 20.5 | ||
| Loans (As % Assets) | % | 90.1 | 85.9 | 88.0 | 90.7 | 89.6 | ||
| valuation | ||||||||
| Market Capitalisation (End Of Period) | USD mil | 1,246 | 1,035 | 1,307 | 1,075 | 2,169 | ||
| Number Of Shares (Average) | mil | 372 | 372 | 399 | 403 | 401 | ||
| Share Price (End Of Period) | INR | 184 | 172 | 206 | 177 | 368 | ||
| Earnings Per Share (EPS) | 27.0 | 21.0 | 16.8 | 20.2 | 29.9 | |||
| Book Value Per Share | 100 | 115 | 128 | 141 | 165 | |||
| Price/Earnings (P/E) | 6.80 | 8.20 | 12.3 | 8.76 | 12.3 | |||
| Price/Book Value (P/BV) | 1.83 | 1.50 | 1.61 | 1.26 | 2.23 | |||
| Earnings Per Share Growth | % | ... | -22.3 | -19.9 | 20.3 | 48.1 | ||
| Book Value Per Share Growth | % | ... | 14.2 | 11.7 | 9.68 | 17.4 |
| income statement | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||
| Interest Income | INR mil | 53,589 | 49,279 | 43,245 | 48,728 | 58,283 | ||
| Interest Cost | INR mil | 28,194 | 26,260 | 21,123 | 22,856 | 23,688 | ||
| Net Interest Income | INR mil | 25,395 | 23,019 | 22,123 | 25,871 | 34,595 | ||
| Other Income | INR mil | 282 | 196 | 120 | 680 | 1,100 | ||
| Total Revenues | INR mil | 25,677 | 23,215 | 22,243 | 26,551 | 35,696 | ||
| Operating Cost | INR mil | 10,563 | 11,279 | 11,956 | 11,621 | 13,143 | ||
| Operating Profit | INR mil | 15,115 | 11,936 | 10,287 | 14,931 | 22,552 | ||
| Provisions | INR mil | 0 | 0 | 0 | 1,664 | 2,967 | ||
| Extra and Other Cost | INR mil | 0 | 0 | 0.135 | 0 | < -0.001 | ||
| Pre-Tax Profit | INR mil | 15,115 | 11,936 | 10,287 | 13,267 | 19,586 | ||
| Tax | INR mil | 5,072 | 4,135 | 3,571 | 5,088 | 7,513 | ||
| Minorities | INR mil | 0 | 0 | 5.00 | 33.4 | 74.8 | ||
| Net Profit | INR mil | 10,042 | 7,801 | 6,710 | 8,145 | 11,998 | ||
| growth rates | ||||||||
| Net Interest Income Growth | % | ... | -9.35 | -3.89 | 16.9 | 33.7 | ||
| Total Revenue Growth | % | ... | -9.59 | -4.19 | 19.4 | 34.4 | ||
| Operating Cost Growth | % | ... | 6.78 | 6.00 | -2.80 | 13.1 | ||
| Operating Profit Growth | % | ... | 6.78 | -8.80 | 45.1 | 51.0 | ||
| Pre-Tax Profit Growth | % | ... | -21.0 | -13.8 | 29.0 | 47.6 | ||
| Net Profit Growth | % | ... | -22.3 | -14.0 | 21.4 | 47.3 | ||
| market share | ||||||||
| Market Share in Revenues | % | 1.09 | 0.861 | 0.733 | 0.788 | 0.887 | ... | |
| Market Share in Net Profit | % | 1.70 | 1.45 | 1.23 | 1.98 | ... | ... | ... |
| balance sheet | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||
| Cash | INR mil | 13,420 | 20,489 | 17,571 | 7,140 | 16,449 | ||
| Interbank Loans | INR mil | 825 | 354 | 202 | 491 | 965 | ||
| Customer Loans | INR mil | 265,176 | 219,964 | 237,448 | 248,587 | 288,289 | ||
| Debt Securities | INR mil | 11,482 | 11,640 | 11,550 | 14,679 | 12,769 | ||
| Fixed Assets | INR mil | 3,030 | 3,270 | 2,757 | 2,459 | 2,674 | ||
| Total Assets | INR mil | 294,163 | 255,939 | 269,962 | 273,948 | 321,841 | ||
| Shareholders' Equity | INR mil | 37,356 | 42,646 | 51,130 | 56,600 | 66,100 | ||
| Of Which Minority Interest | INR mil | 0 | 0 | 289 | 377 | 719 | ||
| Liabilities | INR mil | 256,807 | 213,293 | 218,832 | 217,348 | 255,742 | ||
| Interbank Borrowing | INR mil | 94,802 | 60,643 | 77,607 | 126,598 | 132,561 | ||
| Customer Deposits | INR mil | 0 | 0 | 0 | 0 | 0 | ||
| Issued Debt Securities | INR mil | 79,529 | 69,046 | 67,665 | 11,376 | 43,549 | ||
| Other Liabilities | INR mil | 82,475 | 83,604 | 73,561 | 79,374 | 79,632 | ||
| growth rates | ||||||||
| Customer Loan Growth | % | ... | -17.0 | 7.95 | 4.69 | 16.0 | ||
| Total Asset Growth | % | ... | -13.0 | 5.48 | 1.48 | 17.5 | ||
| Shareholders' Equity Growth | % | ... | 14.2 | 19.9 | 10.7 | 16.8 | ||
| market share | ||||||||
| Market Share in Customer Loans | % | 0.480 | 0.342 | 0.335 | 0.312 | 0.349 | ... | |
| Market Share in Total Assets | % | 0.339 | 0.253 | 0.242 | 0.217 | 0.227 | ... | |
| Market Share in Customer Deposits | % | 0 | 0 | 0 | 0 | 0 | ... |
| ratios | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||
| ROE | % | 26.9 | 19.5 | 14.3 | 15.1 | 19.6 | ||
| ROA | % | 3.41 | 2.84 | 2.55 | 2.99 | 4.03 | ||
| Costs (As % Of Assets) | % | 3.59 | 4.10 | 4.55 | 4.27 | 4.41 | ||
| Costs (As % Of Income) | % | 41.1 | 48.6 | 53.8 | 43.8 | 36.8 | ||
| Net Interest Margin | % | 8.63 | 8.37 | 8.41 | 9.51 | 11.6 | ||
| Interest Spread | % | ... | 6.74 | 6.67 | 7.44 | 9.55 | ||
| Asset Yield | % | 18.2 | 17.9 | 16.4 | 17.9 | 19.6 | ||
| Cost Of Liabilities | % | ... | 11.2 | 9.78 | 10.5 | 10.0 | ||
| Interest Income (As % Of Revenues) | % | 98.9 | 99.2 | 99.5 | 97.4 | 96.9 | ||
| Other Income (As % Of Revenues) | % | 1.10 | 0.842 | 0.540 | 2.56 | 3.08 | ||
| Equity (As % Of Assets) | % | 12.7 | 16.7 | 18.9 | 20.7 | 20.5 | ||
| Loans (As % Assets) | % | 90.1 | 85.9 | 88.0 | 90.7 | 89.6 | ||
| Cost of Provisions (As % Of Loans) | % | 0 | 0 | 0 | 0.685 | 1.11 |
| other data | Unit | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||
| Employees | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - October 15, 2019
Muthoot Finance's customer loans reached INR 313,664 mil in 2017, up 8.80% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Muthoot Finance accounted for 0.355...
By Helgi Library - October 15, 2019
Muthoot Finance's customer deposits reached INR 0 mil in 2017, down 0% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Muthoot Finance accounted for 0% of...
Muthoot Finance has been growing its revenues and asset by 22.5% and 15.1% a year on average in the last 3 years. Its loans and deposits have grown by 15.9% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 22.4% in the last three years with net profit growing 36.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.0% in 2018, compared to 35.0% average in the last three years.
Equity represented 24.1% of total assets or 26.0% of loans at the end of 2018. Muthoot Finance's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.
Muthoot Finance stock traded at INR 615 per share at the end of 2018 resulting in a market capitalization of USD 3,538 mil. Over the previous five years, stock price rose by 258% or 29% a year on average. That’s compared to an average ROE of 19.3% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 11.9x and price to book value (PBV) of 2.45x in 2018.
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