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Trending stocks: Muthoot Finance share price down 2%

Shares of Muthoot Finance traded 2.33 per cent down in trade at 09:40AM on Monday.

ETMarkets.com|
Last Updated: Mar 30, 2020, 09.54 AM IST
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Muthoot Finance
The stock quoted a 52-week high of Rs 950.0 and a 52-week low of Rs 356.
NEW DELHI: Shares of Muthoot Finance Ltd. traded 2.33 per cent down in Monday 's trade at 09:40 am . Around 327984 shares changed hands on the counter. The stock opened at Rs 609.4 and touched an intraday high and low of Rs 609.4 and Rs 582.0 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 950.0 and a 52-week low of Rs 356.

Fitch Ratings has downgraded long-term issuer default ratings of three NBFCs on increasing macro-economic challenges following coronavirus pandemic. These non-banking financial companies are Shriram Transport Finance Company (STFC), Muthoot Finance Limited (MFL) and India Infoline Finance (IIFL).


Financials
Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 24794.13 Crore) operating in NBFC sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 2577.85 Crore, up 7.53 % from last quarter Sales of Rs 2397.38 Crore and up 35.09 % from last year same quarter Sales of Rs 1908.22 Crore Company has reported net profit after tax of Rs 849.26 Crore in latest quarter.

Muthoot Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 6757.01 Crore to Sales Value (98.23 % of Total Sales), Service Charges which contributed Rs 50.20 Crore to Sales Value (0.72 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 48.05 Crore to Sales Value (0.69 % of Total Sales) and Sale of services which contributed Rs 21.15 Crore to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 73.43812 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 2577.849 crore and net profit of Rs 849.264 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 8.74 and price to book value of 2.46 .
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