Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Black Friday Sale
    Black Friday Sale
    HomeNewsBusinessStocksBuy Muthoot Finance; target of Rs 550: Motilal Oswal

    Buy Muthoot Finance; target of Rs 550: Motilal Oswal

    Motilal Oswal is bullish on Muthoot Finance has recommended buy rating on the stock with a target price of Rs 550 in its research report dated 9 August 2017.

    August 14, 2017 / 16:38 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Motilal Oswal's research report onMuthoot Finance

      Muthoot Finance’s (MUTH) 1QFY18 PAT grew 30% YoY (and 9% QoQ) to INR3.51b (in -line). Though there was a 5% revenue miss, it was offset by lower -than -expected provisioning. AUM growth remained anemic at 8% YoY (2% QoQ) to INR278b. The management has guided ~10% AUM growth in gold loans for the year, with potential upside, given the improvement in overall environment. However, the management targets 10% share of AUM from the non- gold loan book by end- FY18 and 15% share by FY19.

      Outlook

      We downgrade our FY18/19 EPS estimates by 6 -7% to factor in lower growth. BUY with a TP of INR 550 (2.4x FY19E BV).

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Read More Read More

      first published: Aug 14, 2017 04:38 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347