Buy Muthoot Finance, target price Rs 1509: ICICI Securities

ICICI Securities has buy call on Muthoot Finance with a target price of Rs 1509. The current market price of Muthoot Finance is Rs 1012.85. Time period given by analyst is one year when Muthoot Finance Ltd. price can reach defined target.

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 40487.71 Crore) operating in NBFC sector.

Muthoot Finance Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Service Charges, Sale of services and Dividend for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3041.14 Crore, down -4.01 % from last quarter Total Income of Rs 3168.09 Crore and down -2.50 % from last year same quarter Total Income of Rs 3118.98 Crore. Company reported net profit after tax of Rs 1006.22 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.37 per cent stake in the company as of 31-Mar-2022, while FIIs owned 12.13 per cent, DIIs 9.68 per cent.