Muthoot Capital Services Limited
The company is deposit-taking NBFC & part of Muthoot Group. The group has established a strong reputation and brand in India, particularly in South India. The promoters have more than 30 years of experience in the lending business. The company starte...
Key Metrics
EPS
74.80
Current ratio
0.39
Debt/Equity
2.78
Debt/EBITDA
10.30
Interest coverage ratio
-
Operating Cashflow to total debt
-0.00
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Significant improvement in the overall credit risk profile of MPG
Strong support from MPG
Substantial improvement in asset quality with 90+ dpd remaining below 3% on steady-state basis
Substantial improvement in earnings, leading to improvement in RoMA to above 3% on steady state basis
Adequate capitalisation
Extensive experience of the promoters and management in the vehicle finance sector
Liquidity: Adequate
Cons
Modest, though improving, asset quality
Moderate, though improving, earnings profile
Geographically concentrated portfolio
Any downward revision in the rating view of MPG
Sharp deterioration in asset quality significantly impacting profitability and capital adequacy level
Continued and significant increase in gearing to more than 7 times
Disclaimer: Tap Bonds gathers data directly from the respective OBPP websites but does not guarantee its accuracy. We do not offer investment advice or endorse the purchase of any securities mentioned, nor do we warrant the reliability of the information collected.
About Muthoot Capital Services Limited bond.
This comprehensive profile covers key factual information about Muthoot Capital Services Limited. The company is deposit-taking NBFC & part of Muthoot Group. The group has established a strong reputation and brand in India, particularly in South India. The promoters have more than 30 years of experience in the lending business. The company started its business in 2-wheeler financing in 1998 and since then expanded into financing used cars, consumer durables, and small-ticket business loans. EPS in Mar-2024 was 74.80. Current ratio in Mar-2024 was 0.39. Debt/Equity in Mar-2024 was 2.78. Debt/EBITDA in Mar-2024 was 10.30. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.00. Total revenue for Mar-2025 (E) was ₹593.61. Net income for Mar-2025 (E) stood at ₹297.54. Total assets as of Mar-2024 were ₹2314.16. Total liabilities as of Mar-2024 were ₹1702.41. Operating cash flow for Mar-2024 was ₹-7.09. The company’s borrowing relationships include IDBI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), DCB Bank Limited (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), IndusInd Bank Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), City Union Bank Limited (₹N/A Cr), Dhanlaxmi Bank Limited (₹N/A Cr), Tamilnad Mercantile Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Union Bank of India (₹N/A Cr), Central Bank Of India (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr), Not Applicable (₹N/A Cr), Poonawalla Fincorp Limited (₹N/A Cr), AU Small Finance Bank Limited (₹N/A Cr), ESAF Small Finance Bank Limited (₹N/A Cr), Oxyzo Financial Services Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Canara Bank (₹N/A Cr), The Federal Bank Limited (₹N/A Cr), IDFC FIRST Bank Limited (₹N/A Cr). Peers and comparison entities consist of Muthoot Capital Services Limited, Motilal Oswal Financial Services Limited, Aditya Birla Capital Limited, Cholamandalam Financial Holdings Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Significant improvement in the overall credit risk profile of MPG; Strong support from MPG; Substantial improvement in asset quality with 90+ dpd remaining below 3% on steady-state basis; Substantial improvement in earnings, leading to improvement in RoMA to above 3% on steady state basis; Adequate capitalisation; Extensive experience of the promoters and management in the vehicle finance sector; Liquidity: Adequate. Key risks include: Modest, though improving, asset quality; Moderate, though improving, earnings profile; Geographically concentrated portfolio; Any downward revision in the rating view of MPG; Sharp deterioration in asset quality significantly impacting profitability and capital adequacy level; Continued and significant increase in gearing to more than 7 times. Leadership team details include A H Praveen (Head), A P Kurian (Independent Director), Arun Singer (National Head), Ciby Babu (Head), Divya Abhishek (Independent Woman Director), K G Anoop (Head), M Sooraj Mohan (Vice President), Mathews Markose (Chief Executive Officer), Nitha Sasi (Chief Information Security Officer), Ram Pratap Singh (Head - IT), Ramandeep Singh (Chief Financial Officer), S D Sredevi (National Head), Sarath Sasikumar (Zonal Head), Shirley Thomas (Independent Woman Director), Sonu Gujral (National Head), Srikanth G Menon (Company Secretary & Compliance Officer), T Vijayan (Vice President), Thomas George Muthoot (Managing Director), Thomas John Muthoot (Chairman), Thomas Mathew (Independent Director), Thomas Muthoot (Director), Umadevi Unnikrishnan (Chief Risk Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.