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December 18, 2023 - December 20, 2023

Muthoot Microfin IPO Review & Recommendations

Anand Rathi, Dilip Davda, Indsec Securities, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Muthoot Microfin IPO. Capital Market has given "May Apply" recommendation to Muthoot Microfin IPO. Ashika Research, Axis Capital, HDFC Securities Limited and SBICAP Securities Limited have "Not Rated" the IPO.

Muthoot Microfin IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 5 1 0 0 4
% 50.00 10.00 0.00 0.00 40.00

Muthoot Microfin IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Anand RathiExternal link Apply
Ashika ResearchExternal link Not Rated
Axis CapitalExternal link Not Rated
Capital MarketExternal link May Apply
Dilip Davda Apply
HDFC Securities LimitedExternal link Not Rated
Indsec SecuritiesExternal link Apply
SBICAP Securities LimitedExternal link Not Rated
Swastika Investmart LtdExternal link Apply
Ventura Securities LimitedExternal link Apply

Muthoot Microfin IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Muthoot Microfin IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer Rating Score Rating
Capital Market 45 May subscribe

Muthoot Microfin IPO Review by Dilip Davda (Apply)

[Dilip Davda]  The company is in micro finance business with a major thrust on rural areas and Joint Liability Group funding. It has posted steady growth in its performance and has kept NPAs under control. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long-term rewards. Read detail review...

Muthoot Microfin IPO Peer Comparison

Muthoot Microfin Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)Financial statements
Muthoot Microfin Limited14.1911.98139.1510.08Consolidated
Equitas Small Finance Bank Limited4.714.6746.4417.5711.12Consolidated
Ujjivan Small Finance Bank Limited5.885.8720.256.3327.79Consolidated
CreditAccess Grameen Limited52.0451.82326.8926.6716.18Consolidated
Spandana Sphoorty Financial Limited1.741.74436.58381.720.40Consolidated
Bandhan Bank Limited13.6213.62121.5817.3211.21Consolidated
Suryoday Small Finance Bank Limited7.327.32149.2822.314.90Consolidated
Fusion Micro Finance Limited43.2943.13230.7412.6016.67Consolidated

Notes:

1. All the financial information for listed industry peers mentioned above is consolidated (unless otherwise available only on a standalone basis). It is sourced from the respective company's annual reports/ financial results for the year ended March 31, 2023.

2. P/E ratio is calculated as closing share price (June 23, 2023, - BSE) / Diluted EPS for the year ended March 31, 2023.

3. Basic and Diluted EPS as reported in the annual report/financial results of the company for the year ended March 31, 2023.

4. Return on net worth (%) = Net profit/(loss) after tax / Net worth at the end of the year.

5. Net asset value per share (in ₹) = Net worth at the end of the year / Total number of equity shares outstanding at the end of the year.

6. Net worth includes share capital, reserve and surplus.

7. The audited financial statement for the year ended March 31, 2023, of CreditAccess Grameen Limited, Spandana Sphoorty Financial Limited, Fusion Micro Finance Limited and Muthoot Microfin Limited were prepared as per Ind AS and Equitas Small Finance Bank, Ujjivan Small Finance Bank Limited and Bandhan Bank Limited were prepared as per Indian GAAP


Muthoot Microfin IPO Review by Members

Muthoot Microfin IPO Reviews, analysis and views by popular members. Read Muthoot Microfin Limited IPO reviews by retail investors to find recommended ipo to buy.

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Muthoot Microfin IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 2 2 1 0
% 40.00 40.00 20.00 0.00
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Member Review
Crow
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)

May Apply for Listing Gain at Cut-off Price

Micro finance lender focusing on unsecured loans to individuals in business-agnostic market like Kerala. Ride the wav if GMP sustains and QIB shows interest.

December 19, 2023 2:00:08 PM
jai singh tanwar

Apply for Listing Gain at Cut-off Price

subscribe only for listing gains

I Like It. 1

December 18, 2023 10:01:48 AM
B.M.SURANA
IPO Guru IPO Guru (2700+ Posts, 5300+ Likes)

May Apply for Long Term at Upper Price Band

For Long-term

I Like It. 1

December 15, 2023 6:35:24 PM
Ankit Dhakad

Neutral

Company's Debt/Equity is 3.99. Company's borrowings are increasing YOY.

December 15, 2023 6:30:04 PM
parmod gupta
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)

Apply for Listing Gain at Cut-off Price

apply

December 3, 2023 10:05:12 AM

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