BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Muthoot Finance Ltd. is a leading gold financier in India with gold loan assets under management of Rs 52613 crore as on June 2021.
It has a large footprint across India with 4625 gold lending branches.
Muthoot Finance also has a presence in other lending segments like housing, microfinance, vehicle finance via its subsidiaries.
Gradual increase in ticket size, increasing working capital requirement is a key driver for growth.
Lower credit cost leading to healthier return on asset, return on equity at up 5%, up 25%, respectively.
Strong asset quality, low leverage, positive asset liability maturities and with sticky customer base levers to aid strong operating performance.
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