Hold Muthoot Finance, target price Rs 1300: ICICI Direct

ICICI Direct has hold call on Muthoot Finance with a target price of Rs 1300. The current market price of Muthoot Finance is Rs 1040.65. 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 42223.01 Crore) operating in NBFC sector.

Muthoot Finance Ltd. key Products/Revenue Segments include Interest, Service Charges, Income From Sale Of Share & Securities, Sale of services and Dividend for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2804.32 Crore, down -7.79 % from last quarter Total Income of Rs 3041.14 Crore and down -5.37 % from last year same quarter Total Income of Rs 2963.42 Crore. Company reported net profit after tax of Rs 824.96 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 73.37 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.96 per cent, DIIs 10.47 per cent.