If you want to know about Muthoot Finance Limited, then you have come to the right place. Gold has been given great importance in India since ancient times. Gold is the number one investment strategy in every household here. Gold is very popular among women here.
Muthoot Finance Limited is known for providing Gold Loans. The company claims that it is India’s No. 1 Most Trusted Financial Services Brand.
The Muthoot family has 800 years of experience in providing gold loans. This legacy of the Muthoot family continued in the form of Muthoot Finance Limited.
The company has more than 70 crore new customers and reaped customers.
This company has the largest portfolio among the total gold loan companies in India.
A total of more than 6100 branches are spread across the globe.
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Muthoot Finance Limited Contact
Address – The head office of the company is located in the city of Kochi in the state of Kerala. The exact address is not available on the internet. But you can check any branch of the company very easily at the following URL.
https://www.muthootfinance.com/branch-locator
Website – https://www.muthootfinance.com/
Contact No – You can reach to them for any query through any of our access channels mentioned below:
North, East & West India Toll-free No
1800 313 1212
South India Toll-free No
99469 01212
The company is connected with people on the following social media platforms
Facebook, Twitter, Youtube, Instagram
Muthoot Finance Share Price
The share price of this company with strong fundamentals is Rs 1,338 in Feb 2024.
Now let us see some fundamentals of the company.
| Parameter | Value |
| Market Cap | ₹ 53,734 Cr |
| Promoter holding | 73.4 % |
| Reserves | ₹ 22,837 Cr. |
| Dividend Yield | 1.65 % |
| Face Value | ₹ 10.0 |
Muthoot Finance Latest News
Muthoot Finance’s Sunheri Soch Season 2, which is constantly in the news, has received the Best Digital Brand Video award. He received this award in Afaqs Media Brand Awards 2023.
Muthoot Finance video ads are great and impactful.
What Is Muthoot Finance’s Business Model
This company is the largest gold loan NBFC in India which operates a unique business model focused on secured lending through gold collateral.
Muthoot Finance Products and Services
Gold Loans
This is the core business in which they offer loans to individuals against their gold jewelry at competitive interest rates.
Vehicle Loans
Offers financing for two-wheelers, three-wheelers and four-wheelers.
Housing Finance
Gives home loans at attractive rates, expanding beyond gold-backed lending.
Insurance
Acts as a distributor for various insurance products, earning commissions.
Microfinance
Provides small loans to underbanked sections of society.
Money Transfer
Provides Facility to domestic and international money transfers.
Gold Coins
Thery are also in the business of selling gold coins.
Who Are the Board of Members
On February 22, 2024, the Board of Directors of Muthoot Finance are as below
Executive Directors
- George Alexander Muthoot – Managing Director
- Thomas Muthoot – Joint Managing Director
Non-Executive Directors
All the non-executive directors below are independent directors in the company
- Jose Mathew – Chairman
- V.A. George – Member
- Dr. K.V. Kamath – Member
- S. Gopalan – Member
- Usha Sunny – Member
- Ramesh Maheshwari – Member
- M.R. Nair – Member
- M.G. Radhakrishnan – Member
- Jayesh Sanghvi – Member
Industry Analysis & Scope of Future
Muthoot Finance is one of the leading players in the Indian gold loan industry. This company offers secured loans against pledged gold ornaments or refined gold bars.
If we talk about the gold loan industry globally, it represents a market of around 200 billion US dollars.
In India, the estimated market size was 41.7 billion US dollars in 2023, growing at a 10% CAGR until 2028, when it is projected to reach 71.8 billion dollars.
Muthoot Finance holds a 35% market share in the Indian gold loan industry.
The company boasts a long history of ethical practices spanning over 85 years in this industry.
Moreover, the company does not solely rely on gold loans; they have diversified their business into car loans, home loans, insurance, and mutual funds.
Muthoot Finance Financial Performance
Financially, Muthoot Finance is a very stable company. The total market capitalization of this organization is 52,999 crore as of February 2024.
Its PE ratio is around 13.6%, while the industry PE is 21.3%. The PE ratio should be lower compared to the industry PE, creating an opportunity to buy the particular stock.
The company has distributed 57,992 crore loans into the market, so as this represents a liability for the company, we consider it as debt.
The company holds 184 tonnes of gold jewelry as security against those loans. According to the current market price, that jewelry is valued at around 1 lakh crore.
The promoters have trust in the company’s business, which is evident as they hold 73.6% of the shares.
The company has never split its shares in its history. Its face value remains at 10.
We will discuss further about this company when its fundamentals change. For now, it’s a green signal from my side to buy and hold this share for a long time.
At what price?
That will be your own decision.
