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Muthoot Capital Services

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=3049
Printed Date: 20/Apr/2025 at 11:35am


Topic: Muthoot Capital Services
Posted By: jayakrishnan
Subject: Muthoot Capital Services
Date Posted: 25/Oct/2010 at 7:13am
 

Muthoot Capital Services  reported a substantial rise in standalone net profit for the quarter ended September 2010.  During the quarter, the profit of the company rose 46.27% to Rs 25.07 million from Rs 17.14 million in the same quarter previous year.

Net sales for the quarter for the quarter  jumped 75.54% to Rs 89.33 million, while total income for the quarter jumped 72.62% to Rs 89.90 million, when compared with the prior year period.

It reported earnings of Rs 3.86 a share during the quarter, registering 46.21% growth over prior year period.

Quarterly Results - Standalone (Rs in mn)
As at Sep - 10 Sep - 09 %Change
Net Sales 89.33 50.89 75.54
Net Profit 25.07 17.14 46.27
Basic EPS 3.86 2.64 46.21

Shares of the company declined Rs 6.1, or 3.01%, to trade at  Rs 196.40.  The total volume of shares traded  was  23,310 at the BSE (4.02 p.m., Tuesday).


Replies:
Posted By: jayakrishnan
Date Posted: 21/Dec/2010 at 6:39pm
PE=12.12 and industry PE is at 20. this stock has the potential to reach 180 in short term and 250 in long term

Posted By: tejas.k
Date Posted: 04/Jan/2011 at 12:12pm
guys,
i understand that this is not the same as muthoot finance. however their performance is impressive.
my question is can this scale? iguess they are limited to some parts in kerala. do they have any expansion plans?

Posted By: jayakrishnan
Date Posted: 04/Jan/2011 at 6:08pm
Originally posted by tejas.k

guys,
i understand that this is not the same as muthoot finance. however their performance is impressive.
my question is can this scale? iguess they are limited to some parts in kerala. do they have any expansion plans?
Yes, it is Kerala based. But has expanded in Tamil Nadu and is doing well in TN currently I am not sure abt other states thou.

Posted By: garun1980
Date Posted: 04/Jan/2011 at 8:03am
I have some of this, legacy from Dad's portfolio. Has generated phenomenal returns in the last 5 years or so. What are the future prospects?

-------------
Back in school!!

Posted By: jayakrishnan
Date Posted: 04/Jan/2011 at 11:54am
Originally posted by garun1980

I have some of this, legacy from Dad's portfolio. Has generated phenomenal returns in the last 5 years or so. What are the future prospects?
Hold it on...will be a huge multibagger...still wait for Q3 results before accumulating further...

Posted By: tejas.k
Date Posted: 05/Jan/2011 at 2:09pm
member_profile.asp?PF=10101&FID=38 - jayakrishnan
what is their business's moat and what differentiates it from other players in the same space?
please throw some light

Posted By: jayakrishnan
Date Posted: 05/Jan/2011 at 6:20pm
Originally posted by tejas.k

member_profile.asp?PF=10101&FID=38 - jayakrishnan
what is their business's moat and what differentiates it from other players in the same space?
please throw some light
Muthoot Capital mainly has sound understanding of corporate world in Kerala and extending into TN this is helping them in servicing the corporate world in these regions. Regional play is helping them currently. Any corporate that can operate in Kerala can easily succeed in any other parts of country. In case you are planning to invest in this wait for the Q3 results for confirmation then can enter. Also keep a look on othe NBFC operating in different categoreis thou
Dewan Housing - TierII&III Housing Market Financing
Shriram Transport - Leader in Transport Vechicle Financing
Muthoot Capital - Corporate Financing


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