Started in 1939, Muthoot Finance is India's largest gold loan NBFC, headquartered in Kerala. It provides loans secured by gold jewellery, ornaments, etc.
Company Performance (Jun’23)
MFIN has an AUM of ₹67,639 crore with 4,700+ branches across 29 states & an active customer base of 54.13 lakh loan accounts.
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Company Performance (Jun’23)
The net worth stood at ₹21,062 crore. The GNPA and NNPA are 3.79% and 3.40%, respectively, with a healthy leverage of 2.42x.
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Issue details
The above image shows the issue details of Muthoot Finance Sept 2023 NCD.
Term Structure for Retail Investors
Above image shows the term structure for retail investors from series 1-4.
Term Structure for Retail Investors
Above image shows the term structure for retail investors for series 5-7.
Comforts
Largest Gold financier in India, which is a highly liquid asset.Comfortable leverage at 2.42x.Healthy capitalisation at 31.80%.Experienced management.
Concerns
High concentration of AUM in Southern India.
Moderate growth in the recent past.
Apply Using UPI
The above image describe the steps to apply for Muthoot Finance NCD using UPI.