Muthoot Finance Limited

BSE:533398 Stock Report

Market Cap: ₹833.3b

Muthoot Finance Valuation

Is 533398 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 533398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 533398 (₹2073.9) is trading above our estimate of fair value (₹1141.21)

Significantly Below Fair Value: 533398 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 533398?

Key metric: As 533398 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 533398. This is calculated by dividing 533398's market cap by their current earnings.
What is 533398's PE Ratio?
PE Ratio17.8x
Earnings₹46.78b
Market Cap₹833.30b

Price to Earnings Ratio vs Peers

How does 533398's PE Ratio compare to its peers?

The above table shows the PE ratio for 533398 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
SBICARD SBI Cards and Payment Services
29.6x20.7%₹653.6b
511243 Cholamandalam Investment and Finance
25.9x21.9%₹999.1b
SUNDARMFIN Sundaram Finance
30.3x13.0%₹475.2b
511218 Shriram Finance
13.5x13.7%₹1.1t
533398 Muthoot Finance
17.8x14.3%₹833.3b

Price-To-Earnings vs Peers: 533398 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does 533398's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
0.6xn/aUS$26.29m
No more companies available in this PE range
533398 17.8xIndustry Avg. 23.1xNo. of Companies13PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 533398 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the Indian Consumer Finance industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 533398's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

533398 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.8x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: 533398 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 533398 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹2,073.90
₹2,078.55
+0.2%
9.3%₹2,450.00₹1,600.00n/a20
Dec ’25₹1,919.50
₹2,051.14
+6.9%
10.6%₹2,450.00₹1,550.00n/a21
Nov ’25₹1,930.55
₹2,039.95
+5.7%
11.6%₹2,450.00₹1,430.00n/a21
Oct ’25₹1,955.60
₹2,024.05
+3.5%
12.1%₹2,450.00₹1,415.00n/a20
Sep ’25₹1,965.70
₹1,963.75
-0.1%
13.1%₹2,450.00₹1,330.00n/a20
Aug ’25₹1,866.95
₹1,869.20
+0.1%
14.1%₹2,450.00₹1,285.00n/a20
Jul ’25₹1,786.50
₹1,818.68
+1.8%
14.5%₹2,450.00₹1,285.00n/a19
Jun ’25₹1,682.50
₹1,790.56
+6.4%
15.7%₹2,450.00₹1,175.00n/a18
May ’25₹1,718.40
₹1,555.72
-9.5%
13.7%₹1,816.00₹1,045.00n/a18
Apr ’25₹1,564.25
₹1,540.44
-1.5%
13.0%₹1,750.00₹1,045.00n/a18
Mar ’25₹1,319.85
₹1,515.72
+14.8%
14.0%₹1,750.00₹1,045.00n/a18
Feb ’25₹1,359.15
₹1,461.22
+7.5%
13.8%₹1,750.00₹1,054.00n/a18
Jan ’25₹1,467.90
₹1,437.33
-2.1%
13.4%₹1,750.00₹1,054.00n/a18
Dec ’24₹1,449.70
₹1,383.72
-4.6%
14.1%₹1,750.00₹1,050.00₹1,919.5018
Nov ’24₹1,301.15
₹1,361.71
+4.7%
11.8%₹1,582.00₹1,040.00₹1,930.5517
Oct ’24₹1,252.35
₹1,368.35
+9.3%
12.3%₹1,650.00₹1,040.00₹1,955.6017
Sep ’24₹1,261.15
₹1,355.84
+7.5%
12.1%₹1,650.00₹1,040.00₹1,965.7019
Aug ’24₹1,346.40
₹1,279.00
-5.0%
11.5%₹1,530.00₹1,027.00₹1,866.9519
Jul ’24₹1,239.20
₹1,216.44
-1.8%
10.0%₹1,500.00₹1,027.00₹1,786.5018
Jun ’24₹1,125.30
₹1,207.61
+7.3%
11.6%₹1,500.00₹868.00₹1,682.5018
May ’24₹1,020.00
₹1,171.22
+14.8%
12.6%₹1,500.00₹786.00₹1,718.4018
Apr ’24₹979.40
₹1,174.28
+19.9%
12.5%₹1,500.00₹786.00₹1,564.2518
Mar ’24₹960.45
₹1,174.28
+22.3%
12.5%₹1,500.00₹786.00₹1,319.8518
Feb ’24₹1,012.65
₹1,227.24
+21.2%
13.3%₹1,500.00₹897.00₹1,359.1517
Jan ’24₹1,063.45
₹1,217.11
+14.4%
13.4%₹1,500.00₹897.00₹1,467.9018
Dec ’23₹1,110.60
₹1,221.06
+9.9%
13.7%₹1,500.00₹897.00₹1,449.7017

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 12:35
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Muthoot Finance Limited is covered by 40 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Raghav GargAmbit Capital
Nitin BhasinAmbit Capital
null nullAsian Markets Securities Private Limited