Muthoot Fincorp Limited

CLOSED

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Price Band

₹1,000

Lot Size

10NCDs

Min. Investment

₹10,000

Expert Rating

Brand name of company, good rating and lucrative coupon rates make this offer a worthy option for investors looking for long term fixed income. We give SUBSCRIBE rating to debt issue.

Muthoot Fincorp Limited is, a non-deposit taking, systemically important NBFC registered with the RBI started in 1997. They have been engaged in the Gold loans business for over a decade and are headquartered in Kerala, India. The Company provides retail loan products, primarily comprising of Gold loans. The Gold loan products include Muthoot Blue Guide Gold loan, Muthoot Blue Bright Gold loan, Muthoot Blue Power Gold loan, Muthoot Blue Bigg Gold loan, Muthoot Blue Smart Gold loan and 24x7 Express Gold loan. 'Smart Plus Gold loan', the other Gold loan variant of the Company is specifically designed for salaried customers, with tenure of up to 24 months. The Gold loan portfolio of the Company as of March 31, 2020 comprised approximately 30.07 lakhs loan accounts. As of June 30, 2020, the Company operated out of 3541 branches located across 20 states, including union territory of Andaman and Nicobar Islands and the national capital territory of Delhi and employed 16,025 employees including 255 contracted experts in its operations. For the FY20 and FY19 revenues from the Gold loan business constituted 84.37% and 82.86% of the total income on standalone basis as per Ind AS, respectively. For the FY20 and FY19 the gold loan portfolio of the Company earned an interest of Rs 1,09,121.97 lakhs and Rs 2,05,896.50 lakhs on standalone basis as per Ind AS, respectively. For the Fiscals 2018 and 2017 revenues from the Gold loan business constituted 85.63% and 75.44%, respectively, of the total income on standalone basis as per IGAAP. For the Fiscals 2018 and 2017 the gold loan portfolio of the Company earned an interest of Rs 1,87,258.25 lakhs and Rs 1,58,777.11 lakhs, respectively, as per IGAAP. The Gross NPAs as a percentage of total loan assets as per IGAAP was 1.90% and 1.58%, as of March 31, 2018 and 2017 respectively. The Net NPAs as a percentage of total loan assets as per Indian GAAP was 1.45% and1.14% as of March 31, 2018 and 2017 respectively. The Stage 3 Assets as a percentage of total loan assets as per Ind AS was 1.86% and 2.62% as of March 31, 2020 and March 31, 2019, respectively. The Stage 3 Assets net of Stage 3 Assets net of Stage 3 Provision as per Ind AS as on March 31, 2020 and March 31, 2019 were 0.61% and 1.17%, respectively, on a standalone basis. Brand name of company, good rating and lucrative coupon rates make this offer a worthy option for investors looking for long term fixed income. We give SUBSCRIBE rating to debt issue.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

50 Comments

M
Mrs.shah 09 Apr 2018, 11:48

thanks IPOguru
I
IPO Guru 09 Apr 2018, 10:14

its around 335, so SL of 325 and hold
I
IPO Guru 09 Apr 2018, 10:14

keep trailing SL and hold
M
Mrs.shah 09 Apr 2018, 09:35

346, hold/sell please advise
M
Mrs.shah 05 Apr 2018, 14:16

went to 332 today
I
IPO Guru 05 Apr 2018, 12:37

all infra companies are zooming, so one may hold with SL of 310
S
Sahil Sanghvi 05 Apr 2018, 12:08

sir at present it is at 321.. should I hold it or sell it?
M
Mrs.shah 29 Mar 2018, 16:22

thanks IPOguru
I
IPO Guru 29 Mar 2018, 14:21

Results for quarter ending on March 31st, would be in May month.
M
Mrs.shah 29 Mar 2018, 12:57

when results are expected?
I
IPO Guru 29 Mar 2018, 09:39

After its results, if results are excellent or due to news like getting new orders.
M
Mrs.shah 28 Mar 2018, 21:04

350 in how many days?
M
Mrs.shah 17 Mar 2018, 16:20

thanks IPO guru
I
IPO Guru 17 Mar 2018, 07:14

@Parth, for target of 350 no time line for now. You have 4 lots, so its good to book some profit.
I
IPO Guru 17 Mar 2018, 07:10

@Mrs Shah, its applicable every time you sell shares. And total amount including brokerage would be around 60-80 rs, but it may vary as per brokers.
M
Mrs.shah 16 Mar 2018, 22:38

contract expenses applicable after how many days, for H G infra 5 shares?
M
Mrs.shah 16 Mar 2018, 20:23

5 shares left,so Ihave to pay 40-60rs extra+brokerage,i am planning to sell in next week.
M
Mrs.shah 16 Mar 2018, 20:20

thanks ip0guru
P
Parth 16 Mar 2018, 19:50

Today 296.00 so we get 4/4 what to do sell or hold and when price is nearly 350?
I
IPO Guru 16 Mar 2018, 11:05

@sahil, experts are of view to book profit. You may sell half and keep remaining.
I
IPO Guru 16 Mar 2018, 11:04

@Sahil, you may but long term should be 2-3 years.
I
IPO Guru 16 Mar 2018, 11:04

@Shah, these are expenses which applied when shares are sold and minimum is around 40 to 60 rs.
S
Sahil Sanghvi 16 Mar 2018, 09:16

I was planning to keep it for long term, what is yours opinion sir?
S
Sahil Sanghvi 16 Mar 2018, 09:15

or sell it
S
Sahil Sanghvi 16 Mar 2018, 09:14

should I keep this share
M
Mrs.shah 15 Mar 2018, 17:40

@agrawal ,thanks for advice, what is contract expenses?it applies to how much, minimum quantity of shares?
S
Sanjay Agarwal 15 Mar 2018, 15:21

Finally sold all lot between 288-289.
S
Sanjay Agarwal 15 Mar 2018, 14:50

This is why it jumped.
S
Sanjay Agarwal 15 Mar 2018, 14:49

H.G. INFRA ENGINEERING has been declared as 'L-1' bidder with Bid Project Cost of Rs. 191.25 crore for new EPC project under MORTH mode in Rajasthan. The completion period of the work is 18 months.
S
Sanjay Agarwal 15 Mar 2018, 14:35

5 se kya ho jayega, jab 50 bech diya hai toh 5 bhi bech do, nahi toh baad me sirf 5 share ke liye contract expense uthana parega.
M
Mrs.shah 15 Mar 2018, 14:26

50 sold at 274,5 left, what todo?
S
Sanjay Agarwal 15 Mar 2018, 13:50

Made 293 high today. As soon as it touches 300, I will sell it.
S
Subhankar Manik 13 Mar 2018, 21:28

kitna uper rate open hai
P
pankaj 09 Mar 2018, 19:57

I was cursing my luck for non allotment but listing shown that I am lucky for not having any lot.....:-)
R
rohit 09 Mar 2018, 18:21

kitane Dina rkhan padega
M
Mrs.shah 09 Mar 2018, 14:39

thanks ipoguru
I
IPO Guru 09 Mar 2018, 14:36

15-20 days
M
Mrs.shah 09 Mar 2018, 14:30

@ipoguru,300 in how many days?
S
Sanjay Agarwal 09 Mar 2018, 12:28

Okay. Will wait till it comes 300.
B
bhavesh 09 Mar 2018, 12:06

thanks a lot
R
Raman 09 Mar 2018, 12:05

@ipo guru, thanks for your views
R
Raman 09 Mar 2018, 11:58

271
M
Mr.makhija 09 Mar 2018, 11:52

hahaha
I
IPO Guru 09 Mar 2018, 10:47

pls don't panic, users who can't take much risk should sell around 273 to 275, otherwise one can hold it and it may go around 300.
R
Raman 09 Mar 2018, 10:26

264 ok
R
Raman 09 Mar 2018, 10:24

261 ok
V
vishal 09 Mar 2018, 10:20

sell it...it will touch down to 210
R
Raman 09 Mar 2018, 10:17

254
R
Raman 09 Mar 2018, 10:16

isne to lutiya dubodi puri tarah
R
Raman 09 Mar 2018, 10:16

255

Open Date	Sep 28, 2020
Close Date	Oct 23, 2020
Face Value	₹ 1,000 Per NCD
Issue Price	₹ 1,000 Per NCD
Registrar	Integrated Registry Management Services Private Limited
Lead Manager	SMC Capitals Limited

Muthoot Fincorp Limited

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