Muthoot Microfin, the subsidiary of Muthoot Pappachan Group, offers unsecured loans to rural women. The company was established in April 1992 with the goal of positioning itself as one of the non-bank financial services market leaders in India. This deserves it a decent standing for having the option to advance organizations as well as improve lives by giving credits that are comprehensive while simultaneously making position through wellbeing and cleanliness related mediations.
Muthoot Microfin Share Price Target 2024-2030
Laid out in April 1992, is Muthoot Microfin Limited, an auxiliary of Muthoot Pappachan Gathering spend significant time in stretching out miniature credits to female clients basically in Indian towns. MANAPPURAM belongs to the Financial Services industry and works in the Credit Services industry. The business is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). In this in-depth essay, we will examine the MANAPPURAM share price goals for 2024, 2025, 2026, and up to 2030.
Muthoot Microfin Share Price Target Today Update
Muthoot Microfin is a piece of Muthoot Pappachan Group and is a supplier of unstable credits to ladies in provincial regions. The organization was consolidated in April 1992 and is on a quick development direction in the Indian non-bank monetary area. The company’s reputation and credibility in the market are established by its capacity to support entrepreneurship and inclusive growth of livelihood, health, and hygiene solutions. These elements pursue Muthoot Microfin stock a worthwhile decision for financial backers on the public stock trade. The share price target set by Muthoot Microfine points to a robust and optimistic outlook for the company’s investors.
Muthoot Microfin Latest News
- During the IPO’s open period, which ran from December 18 to December 20, Muthoot Microfin shares were sold for between Rs 277 and Rs 291 per share.
- Muthoot Microfin made its debut on the Bombay Stock Exchange on December 26th at a discount of Rs 17.
- Its stock price began at Rs. 278 and fell to Rs. 280.80 at its lowest point.
- Shares were expected to be listed at Rs 318, 9.28 percent above the price at which they were issued.
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Muthoot Microfin Business Profile
Muthoot Microfin is India’s fifth-largest NBFC-MFI in terms of gross loan portfolio as of FY23. It also has 16% of the Tamil Nadu market share and is the third largest NBFC-MFI in South India in terms of gross loan portfolio, first in Kerala.
Loan Offerings
- There are different sorts of gathering advances for job arrangements, they for the most part incorporate pay creating credits, Pragathi credits (which are span credits to existing clients for working capital and pay producing exercises) and individual credits.
- Solutions for improving one’s life, such as loans for cell phones, solar lights, and home appliances.
- Loans for health and hygiene, like those to upgrade sanitary facilities.
- Gotten credits as gold advances and Muthoot Little and Developing Business (“MSGB”) credits.
Geographical Presence
MML has 0.32 crore of clients who are dynamic; it is served by a staff of 12297 people situated in 1339 branches disseminated in 339 regions inside 18 states as well as association domains in India.
Digital Infrastructure
To expand their digital collection foundation, MML launched a custom application called “Mahila Mitra” in 2021. It works by incorporating digital payment methods like QR codes, websites, SMS-based links, and voice-modulated payment methods.
Digital Healthcare Facilities
By H1FY24 they had sent off 460 electronic facilities across 460 branches. These clinics recorded 98844 medical consultations and 65878 teleconsultations, respectively, for 14.40 percent of their clients.
Loan Book
By the H1FY24, their cash-cow loans had a gross loan portfolio of Rs. 10,211 crore, or 93.97 percent of their total loan portfolio at the time. The joint liability group model, which focuses on women from low-income families, is the primary method by which this is implemented.
Parent Organization
The company is a part of the Muthoot Pappachan Group, a business conglomerate with businesses in the financial services, automotive, real estate, healthcare, IT services, precious metals, and alternative energy sectors. It is the second largest company in the Muthoot Pappachan Group.
Muthoot Microfin Fundamentals & Quarterly Results
| Parameter | Value |
| Market Cap | ₹ 3,763 Cr. |
| Current Price | ₹ 221 |
| High / Low | ₹ 281 / 196 |
| Stock P/E | 8.38 |
| Book Value | ₹ 164 |
| Dividend Yield | 0.00 % |
| ROCE | 15.0 % |
| ROE | 20.4 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 3.04 |
| Debt Capacity | – |
| Debt preceding year | ₹ 6,623 Cr. |
| Debt | ₹ 8,524 Cr. |
| Reserves | ₹ 2,634 Cr. |
| EPS | ₹ 26.4 |
| EPS last year | ₹ 26.4 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ -2,361 Cr. |
| EV/EBITDA | 7.14 |
| Industry PE | 19.5 |
| PEG Ratio | 0.48 |
| Piotroski score | 6.00 |
| Earnings yield | 13.7 % |
| Sales growth 5Years | 24.8 % |
Muthoot Microfin Quarterly Results
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| Revenue (₹ Cr.) | 334 | 380 | 444 | 479 | 564 | 581 | 647 |
| Interest (₹ Cr.) | 121 | 155 | 168 | 194 | 221 | 234 | 234 |
| Expenses + (₹ Cr.) | 207 | 152 | 146 | 150 | 191 | 212 | 233 |
| Financing Profit (₹ Cr.) | 6 | 74 | 130 | 135 | 152 | 135 | 181 |
| Financing Margin % | 2% | 19% | 29% | 28% | 27% | 23% | 28% |
| Other Income + (₹ Cr.) | 7 | 3 | 4 | 1 | 3 | 4 | 7 |
| Depreciation (₹ Cr.) | 6 | 7 | 7 | 8 | 9 | 9 | 10 |
| Profit before tax (₹ Cr.) | 6 | 70 | 126 | 128 | 147 | 130 | 177 |
| Tax % | 26% | 18% | 25% | 25% | 25% | 4% | 32% |
| Net Profit + (₹ Cr.) | 5 | 57 | 95 | 96 | 110 | 125 | 120 |
| EPS in Rs | 0.39 | 4.87 | 8.09 | 8.19 | 9.38 | 7.31 | 7.02 |
| Gross NPA % | 2.75% | ||||||
| Net NPA % | 0.51% |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM / 1 Year | |
| Compounded Sales Growth | % | 25% | 49% | 59% |
| Compounded Profit Growth | % | 17% | 300% | 174% |
| Stock Price CAGR | % | % | % | % |
| Return on Equity | % | % | 14% | 20% |
Muthoot Microfin Shareholding Pattern
| Dec 2023 | Mar 2024 | |
| Promoters | 55.47% | 55.47% |
| FIIs | 27.59% | 26.28% |
| DIIs | 2.80% | 2.35% |
| Public | 12.11% | 14.01% |
| Others | 2.03% | 1.89% |
| No. of Shareholders | 2,15,098 | 1,86,088 |
Muthoot Microfin Share Price Target 2024-2030 Forecast
| Year | Target |
| 2024 | Rs. 428 |
| 2025 | Rs. 535 |
| 2026 | Rs. 669 |
| 2027 | Rs. 836 |
| 2028 | Rs. 1,045 |
| 2029 | Rs. 1,306 |
| 2030 | Rs. 1,613 |
Muthoot Microfin Share Price Target 2025
| Month | Target |
| January | 439 |
| February | 425 |
| March | 417 |
| April | 430 |
| May | 441 |
| June | 455 |
| July | 466 |
| August | 479 |
| September | 488 |
| October | 505 |
| November | 520 |
| December | 535 |
Muthoot Microfin Share Price Target 2026
| Month | Target |
| January | 550 |
| February | 537 |
| March | 533 |
| April | 548 |
| May | 562 |
| June | 579 |
| July | 594 |
| August | 604 |
| September | 617 |
| October | 632 |
| November | 648 |
| December | 669 |
Muthoot Microfin Share Price Target 2027
| Month | Target |
| January | 681 |
| February | 678 |
| March | 671 |
| April | 688 |
| May | 702 |
| June | 722 |
| July | 738 |
| August | 760 |
| September | 784 |
| October | 806 |
| November | 821 |
| December | 836 |
Muthoot Microfin Share Price Target 2028
| Month | Target |
| January | 852 |
| February | 840 |
| March | 859 |
| April | 874 |
| May | 890 |
| June | 909 |
| July | 929 |
| August | 950 |
| September | 975 |
| October | 1000 |
| November | 1029 |
| December | 1045 |
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Muthoot Microfin Share Price Target 2029
| Month | Target |
| January | 1100 |
| February | 1070 |
| March | 1089 |
| April | 1110 |
| May | 1139 |
| June | 1155 |
| July | 1179 |
| August | 1193 |
| September | 1235 |
| October | 1260 |
| November | 1288 |
| December | 1306 |
Muthoot Microfin Share Price Target 2030
| Month | Target |
| January | 1333 |
| February | 1320 |
| March | 1349 |
| April | 1369 |
| May | 1385 |
| June | 1409 |
| July | 1457 |
| August | 1482 |
| September | 1511 |
| October | 1543 |
| November | 1580 |
| December | 1613 |
Final Words
Over the course of the previous three years and in the first half of the fiscal year 2024, Muthoot Microfin Ltd. has demonstrated solid financial health. The unsecured loan provider’s business has reported steady growth and high operational efficiency, indicating sound financial health. Muthoot Microfin’s share price target suggests that investors can look forward to a bright future thanks to the company’s diverse portfolio and strong growth prospects. India Property Dekho, on the other hand, always advises investors to conduct in-depth research and analysis on the stock and, if necessary, seek the advice of an expert
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