MUTHOOT FINANCE
Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. Their mission is: “To build leading customer-centric businesses enabled by technology, maintaining the highest standards of corporate governance and uncompromising values”. It was incorporated in the year 1939 by M.G. George Muthoot and is headquartered in Kochi, Kerala, India. It falls under the brand umbrella of the Muthoot Group. Till 2021, they have satisfied 70 Crore+ customers and have 5330+ branches across India with a strong backup of 40000+ employees. The company has an experience of 800 years of family business legacy.
They provide financial services such as Gold Loan, Housing finance, Personal loan and insurance. Their gold loan range begins from Rs.1500 with no maximum limit. Working with a committed mindset, they have managed to create a reputable market image through centuries. The target market of the company includes small businesses, vendors, farmers, traders, SME business, owners, and salaried individuals. They have recently announced their collaboration with fintech NIRA as a part of its strategy to strengthen their digital footprint which will offer personal loans to its salaried customers by downloading the NIRA application.
All CSR initiatives by Muthoot Finance are implemented under “Haathi Mera Sathi” initiative. Fostering a spirit of reliability and a framework driven by integrity, they focus on the classes of the economy that have little or no trust in the financial system of the country. They have continually set benchmarks for responsibility towards economic and social health and maintaining a balance between corporate practices and community welfare with a commitment to creating a sustainable future.
Their shareholding pattern consist of: Promoters having 73.40% shares, FIIs having 15.99% shares, DIIs having 6.60% shares and public having 4.02% shares.
For the quarter ending 31-03-2021, the company has recorded an increase in revenue and stands at Rs.3104.50 Cr. against Rs.3000.78 Cr. in Q3. They have shown a net profit of Rs.1023.7 Cr. which is slightly more than Rs.1006.63 Cr. in Q3. Their EPS value is Rs.25.42. The total asset value after valuation of Q4 stands at Rs.68641.44 Cr. and their total income stands at Rs.3118.98 Cr.
Although their values show a positive result, but their Q-o-Q growth has decreased from more than 8% in last 2 quarters to 1.7% in Q4. The board of directors have recommended an interim dividend of Rs.20 per equity share. MD George Alexander said that they are hopeful about a better performance in the next quarter, and they have disbursed fresh loans to new and inactive customers as well.
