TheScreener - Muthoot Finance Limited (MUTHOOTFIN) MUTHOOT FINANCE LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

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TheScreener

EUR 13.81 For Business Accounts Only

MUTHOOT FINANCE LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of MUTHOOT FINANCE LTD. (IN), a company active in the Speciality Finance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 9, 2021, the closing price was INR 1,629.05 and its potential was estimated at INR 1,762.98.

10/11/2021 6 EN

Underlying

Muthoot Finance Limited

Muthoot Finance Limited is a gold financing company. The Company is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The Company operates through two segments: Financing and Power Generation. The Company provides personal and business loans (secured by gold jewelry) primarily to individuals having no access to formal credit for a reasonable tenure to meet their short-term working capital requirements. The Company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking, home loans, personal loans, collection services, microfinance, wind mill power generation, white label automated teller machine, instant money transfer services and domestic money transfer services. The Company has a network of approximately 4,294 branches all over India. In Sri Lanka, the Company offers corporate loans, mortgage loans, factoring, business loan and short term loans, among others.

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INE414G01012 National Stock Exchange of India India

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TheScreener

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MOSL: MUTHOOT FINANCE (Buy)- Healthy Gold loan growth; gold auctions still minuscule

MUTHOOT FINANCE: Healthy Gold loan growth; gold auctions still minuscule (MUTH IN, Mkt Cap USD9b, CMP INR1660, TP INR1900, 14% Upside, Buy) PAT (in line) grew by 11% YoY and 2% QoQ to INR9.94b. Despite higher-than-estimated provisions, lower-than-estimated interest expenses (driven by lower CoB), and benefits of lower operating expenses led to an in line performance. It posted an OPEX beat of 6% - OPEX declined by 2% YoY, but grew 10% QoQ to INR4.4b. The cost ratio declined by 80bp YoY to 3.3%. PPOP (3% beat) grew by 17% YoY and 6% QoQ to INR14.14b. Gross Stage 3 increased by 63bp QoQ...

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MOSL: MUTHOOT FINANCE (Buy)-AUM and Gold holdings flat QoQ, auctions miniscule

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MUTHOOT FINANCE LTD. sees an upgrade to Slightly Positive due to a better fundamental star rating

Empowering Investors

MOSL: MUTHOOT FINANCE (Buy)- Healthy Gold loan growth; gold auctions still minuscule

MOSL: MUTHOOT FINANCE (Buy)-AUM and Gold holdings flat QoQ, auctions miniscule

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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