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MUTHOOT HOUSING FINANCE COMPANY LIMITED
Sector Focus
Diversified NBFC
Highest Credit Rating
A+ (Stable) by CRISIL RATINGS LIMITED
Feb 24, 2025
Yield
11.7315% XIRR
Coupon
11.1500 % p.a
Rating
A+ (Stable)
ISIN
INE882Z08023
Maturity Date
20 Aug, 2030
Key Strengths
Strong Group Support
The Company benefits from its association with the Muthoot Pappachan Group (MPG), a
140-year-old, reputable business house with over 3,600 branches across India. Muthoot Fincorp Limited (MFL) and
its promoter group hold nearly 100% stake in the company. As of September 30, 2024, the Muthoot Pappachan
Group's four key financial services companies (MFL, MML, MCSL, and MHFCL) had a combined AUM of ₹45,463
crore
Adequate Capitalization
The Issuer maintained a healthy net worth of ₹366 crore, supported by internal accruals
and MFL's demonstrated ability to infuse capital. The parent company has consistently injected equity. The capital
adequacy ratio (CAR) stood at 23.3% as of September 2024
Liquidity
As of September 2024, the company reported no negative cumulative mismatch across all time buckets.
Cash and cash equivalents of approximately ₹222 crore provide sufficient coverage for the next three months'
liabilities and operating expenses
Profitability
Profit after tax increased by 34% in FY24 and has maintained consistent growth in H1 FY25. Net
interest margin (NIM) is 7.6%
Stable Asset Quality
Gross non-performing assets (GNPA) have remained stable between 0.8% and 1% over the
past two and a half years. Collection efficiency has been approximately 99% over the last 12 months
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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