Muthoot Finance Credit Ratings & Financial Analysis
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SAFETY OF OUR GOLD LOAN PORTFOLIO
Lender's Perspective & Borrower's Perspective
Muthoot Finance
Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15
Gold Loan assets ( in Billions)
497
462
405 407
377
336
288
272
243
233
Quantity of Gold content in Ornaments
166
163
165
176
173
169
155
149
142
131
held as Security (Tonnes)
Gold Price/gm (₹)
4,599
4,621
4,448 3,955 3,594
2,910
2,824
2,725
2,670 2,470
Lender's Perspective
Market Price of Gold Content in
763
753
734
696 622
492
438
406
379
324
Ornaments (in Billions)
Margin of safety on loans
35%
39%
45%
42% 39% 32%
34%
33%
36% 28%
Borrower's Perspective
Market Value of Gold Ornaments (in
Billions) with 20% additional value towards
916
904
881
835
746
590
526
487
455
389
making charges etc
Equity of Borrower in the Gold Ornaments
46%
49%
54% 51%
49%
43%
45%
44%
47%
40%
net of loans availed
* Above calculations are made on overall portfolio and excludes interest accrued on loans
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