{"id":8099,"date":"2024-06-21T07:22:42","date_gmt":"2024-06-21T07:22:42","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=8099"},"modified":"2024-11-03T17:31:10","modified_gmt":"2024-11-03T17:31:10","slug":"muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/","title":{"rendered":"Muthoot Capital Services Limited \u2013 June 2024, should you invest?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#High_Yield_A_Stable_Rated_Minimum_Investment_1_Lakh\" >High Yield\u00a0|\u00a0A+ \/Stable Rated\u00a0|\u00a0Minimum Investment: 1 Lakh<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Bond_overview\" >Bond overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Investment_Process_for_Muthoot_Capital_Services_Ltd_NCD_IPO\" >Investment Process for Muthoot Capital Services Ltd. NCD IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\" >Snapshot stating the Revenue, Expenses, PAT (In crores)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Cash_flow_for_last_5_years_In_crores\" >Cash flow for last 5 years (In crores)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Pros\" >Pros\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Cons\" >Cons\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#About_Muthoot_Capital_Services_Ltd\" >About Muthoot Capital Services Ltd.<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Liquidity\" >Liquidity\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Weakness\" >Weakness<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-capital-services-limited-ncd-ipo-june-2024-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_A_Stable_Rated_Minimum_Investment_1_Lakh\"><\/span><strong>High Yield\u00a0|\u00a0A+ \/Stable Rated\u00a0|\u00a0Minimum Investment: 1 Lakh<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><strong>Bond overview\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Muthoot Capital Services Ltd is issuing Non-Convertible Debentures (NCDs) rated A+\/Stable by CRISIL. These debentures are available in multiples of \u20b91 Lakh, offering a coupon rate of 9.90% per annum with monthly interest payment. The tenure for these NCDs is 24 months. The NCDs are secured and redeemable in nature.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-8101 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071149\/Screenshot-2024-06-21-124030.png\" alt=\"\" width=\"711\" height=\"796\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071149\/Screenshot-2024-06-21-124030.png 711w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071149\/Screenshot-2024-06-21-124030-268x300.png 268w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071149\/Screenshot-2024-06-21-124030-585x655.png 585w\" sizes=\"(max-width: 711px) 100vw, 711px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_Muthoot_Capital_Services_Ltd_NCD_IPO\"><\/span><b>Investment Process for Muthoot Capital Services Ltd. NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an <a href=\"https:\/\/goldenpi.com\/bond-ipo-online\">IPO online<\/a>.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-7997 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091702\/12-768x384-1.jpg\" alt=\"\" width=\"768\" height=\"384\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091702\/12-768x384-1.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091702\/12-768x384-1-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091702\/12-768x384-1-585x293.jpg 585w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p><b>If the investment amount is more than 10 Lakhs.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\"> <img decoding=\"async\" class=\"size-full wp-image-7998 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091719\/11-768x384-1.jpg\" alt=\"\" width=\"768\" height=\"384\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091719\/11-768x384-1.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091719\/11-768x384-1-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/05\/29091719\/11-768x384-1-585x293.jpg 585w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\"><\/span><b>Snapshot stating the Revenue, Expenses, PAT (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><img decoding=\"async\" class=\"size-large wp-image-8103 aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-1024x653.png\" alt=\"\" width=\"1024\" height=\"653\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-1024x653.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-300x191.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-768x489.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-1536x979.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-1170x746.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3-585x373.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071455\/Picture3.png 1660w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years_In_crores\"><\/span><b>Cash flow for last 5 years (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-8104\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071521\/Screenshot-2024-06-21-115753.png\" alt=\"\" width=\"813\" height=\"465\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071521\/Screenshot-2024-06-21-115753.png 813w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071521\/Screenshot-2024-06-21-115753-300x172.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071521\/Screenshot-2024-06-21-115753-768x439.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071521\/Screenshot-2024-06-21-115753-585x335.png 585w\" sizes=\"(max-width: 813px) 100vw, 813px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"pcrstb-wrap\"><table style=\"height: 1391px;\" width=\"896\">\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">RATIO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">WHAT DOES IT MEAN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Benchmark<\/span><\/td>\n<td><span style=\"font-weight: 400;\">TREND<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ANALYSIS<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ASSESSMENT<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Net NPA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Net NPA is the subtraction of provisions related to unpaid debt from GNPA. This gives the exact value of bad loans. It is a better indicator of NBFCs&#8217; health.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Maximum 6%<\/span><\/td>\n<td><img decoding=\"async\" class=\"alignnone size-full wp-image-8105\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071746\/NET-NPA.png\" alt=\"\" width=\"843\" height=\"648\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071746\/NET-NPA.png 843w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071746\/NET-NPA-300x231.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071746\/NET-NPA-768x590.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071746\/NET-NPA-585x450.png 585w\" sizes=\"(max-width: 843px) 100vw, 843px\" \/><\/td>\n<td><span style=\"font-weight: 400;\">The Net Non-Performing Assets (NPAs) have exhibited a consistent decline over time, remaining comfortably below the 6% threshold, indicative of a strengthening asset quality within the company.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">GOOD<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Capital Adequacy ratio<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Capital Adequacy Ratio (CAR) is a measure of the degree to which the company&#8217;s capital is available to absorb unexpected loss.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Minimum 15%<\/span><\/td>\n<td><img decoding=\"async\" class=\"alignnone size-full wp-image-8106\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071820\/CAR.png\" alt=\"\" width=\"871\" height=\"646\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071820\/CAR.png 871w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071820\/CAR-300x223.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071820\/CAR-768x570.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071820\/CAR-585x434.png 585w\" sizes=\"(max-width: 871px) 100vw, 871px\" \/><\/td>\n<td><span style=\"font-weight: 400;\">Trend shows the CRAR of the company is very high, almost double the standards. A higher CRAR signifies greater stability and investor confidence.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">GOOD<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Interest Coverage Ratio<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The ratio indicates the power of a firm in meeting its interest obligations that arise out of the borrowings made by the corporate within the sort of long-term debt.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Minimum 2<\/span><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Ratio is increasing and is less than the Benchmark. Company might not be able to meet its interest obligation easily.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">SLIGHTLY RISKY<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Long-term-debt to Equity ratio<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Long-Term-Debt-to-Equity ratio reflects the risk appetite of the company.This is a very important leverage ratio. It reflects the ability of a company to make payments associated with long-term debt.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not more than 7:1<\/span><\/td>\n<td><img decoding=\"async\" class=\"alignnone size-large wp-image-8107\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-1024x692.png\" alt=\"\" width=\"1024\" height=\"692\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-1024x692.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-300x203.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-768x519.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-1170x790.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER-585x395.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071942\/LTDER.png 1199w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/td>\n<td><span style=\"font-weight: 400;\">Over the years the long term debt to equity ratio had decreased but again it started rising in the year 2023 and is within the set criteria. A Higher ratio is indicating large amounts of long term debt as compared to its equity.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">GOOD<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cash flow to debt ratio<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cash flow to Debt ratio is a coverage ratio. It indicates the time taken by the company to pay off its debt by utilising its operating cash flow.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Higher the ratio better it is.<\/span><\/td>\n<td><img decoding=\"async\" class=\"alignnone size-large wp-image-8108\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT-1024x816.png\" alt=\"\" width=\"1024\" height=\"816\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT-1024x816.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT-300x239.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT-768x612.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT-585x466.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21071959\/CASH-FLOW-TO-DEBT.png 1058w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/td>\n<td><span style=\"font-weight: 400;\">The trend shows that the company is not able to cover its debt from its operating cash flows for many years, which is concerning from a long-term perspective. This sustained inability to generate sufficient cash flow to meet debt obligations indicates potential financial instability and raises questions about the company\u2019s future solvency.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">RISKY<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Current Ratio<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Assesses a company&#8217;s ability to meet short-term liabilities with short-term assets. A ratio above 1 indicates good short-term financial health.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A ratio of 1:1 is better<\/span><\/td>\n<td><img decoding=\"async\" class=\"alignnone size-large wp-image-8109\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-1024x656.png\" alt=\"\" width=\"1024\" height=\"656\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-1024x656.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-300x192.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-768x492.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-1170x750.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR.png 1251w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/21072021\/CR-585x375.png 585w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/td>\n<td><span style=\"font-weight: 400;\">Current ratio of the company is within permissible limits, and this says that the company can liquidate its short term liability very easily.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">GOOD<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Pros\"><\/span><strong>Pros\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is A+ rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The yield offered is 9.90% which is much higher than FDs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adding NCDs to a portfolio can enhance diversification, reducing overall portfolio risk by including fixed-income securities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a better opportunity to invest in fixed income securities for the short term, earning monthly interest.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company is actively borrowing money with over 1600 crore Rupees raised in FY 2024.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Cons\"><\/span><strong>Cons\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The operations of the NBFC is geographically constrained. It is majorly operated in South India.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Muthoot_Capital_Services_Ltd\"><\/span><b>About Muthoot Capital Services Ltd.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/goldenpi.com\/bonds\/INE296G07168\/muthoot-capital-services-limited-99-bond-yield?src=preview\">Muthoot Capital Services Ltd<\/a>, backed by the Muthoot Pappachan Group, is a publicly listed Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. Founded in 1994, it stands out as one of India&#8217;s most progressive automobile finance companies. The company provides both fund-based and non-fund-based financial services to retail, corporate, and institutional clients. Their product portfolio includes two-wheeler loans, used car loans, and fixed deposit investment products. Mr. Ramandeep Singh Gill serves as the Chief Financial Officer for the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is a table showing their products and interest rates.<\/span><\/p>\n<p>&nbsp;<\/p>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Products<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Interest Rates<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Two-Wheeler Loan<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Starting @ 6.99% per annum.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Used Car Loan<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Starting @ 0.70% P.M. (8.50%* P.A.)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fixed-Deposits<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Upto 9.91% p.a<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">In addition, Muthoot offers secured business loans and loyalty loans to its existing customers at attractive rates.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Liquidity\"><\/span><b>Liquidity\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The company has 180.99 crores as of 31st march, 2024 in liquid assets. <\/span><span style=\"font-weight: 400;\">Also the current ratio of the company is 7.2:1 which is very good.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Wider Reach<\/b><span style=\"font-weight: 400;\">&#8211; The company boasts an extensive reach, with over 3500 branches and a robust network spanning across 20 states nationwide.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Diversified<\/b><span style=\"font-weight: 400;\">-One of the strengths of the NBFC lies in its proactive approach to raising funds from the public, evident in its successful combination of diverse financial instruments, including NCDs, Commercial Papers, amounting to 754.49 CR in the last financial year.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Synergy <\/b><span style=\"font-weight: 400;\">-Muthoot has cultivated key partnerships with players like WheelsEMI, Manba Finance, Up Money, EV.fin, and Credit Wise Capital within the co-lending sector, enhancing its customer outreach. These firms specialize in two-wheeler financing, aligning well with Muthoot&#8217;s expansion strategy in the Indian market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower GNPA Levels<\/b><span style=\"font-weight: 400;\">&#8211; Over the past year, the company has successfully slashed its Gross Non-Performing Assets (GNPA) by an impressive 54%, with the current GNPA standing at 431 Crores.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Customer Highlight<\/b><span style=\"font-weight: 400;\">-The company has welcomed 45,667 new customers during the last quarter of FY 2024.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exemplary Record <\/b><span style=\"font-weight: 400;\">-Within the co-lending arena, the company boasts a commendable track record with zero Non-Performing Assets (NPA).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increasing PAT<\/b><span style=\"font-weight: 400;\">-The company witnessed a remarkable growth in its Profit After Tax (PAT), rising from 79 crores to 123 crores, reflecting a substantial 56% increase.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company previously operated in the gold loan sector, but one of its group entities expanded in that field, leading to the company&#8217;s exit from it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The retail loan portfolio of the company is heavily concentrated in the two-wheeler segment, accounting for over 99% of its composition, thus indicating a significant imbalance in its business focus.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Borrowing cost of the company is 9.8% .<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company&#8217;s geographical presence is predominantly focused in South India, indicating a high level of concentration in this region.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/goldenpi.com\/bonds\/INE296G07168\/muthoot-capital-services-limited-99-bond-yield\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-8474\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-scaled.jpg\" alt=\"Muthoot Capitals NCD IPO\" width=\"2560\" height=\"283\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-scaled.jpg 2560w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-300x33.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-1024x113.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-768x85.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-1536x170.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-2048x227.jpg 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-1170x129.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-1920x212.jpg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2024\/06\/05134410\/Considering-investing-in-Muthoot-Capitals-NCD-IPO_-Get-the-details-now-585x65.jpg 585w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\"><strong>Source-<\/strong> Key Information Document- 11\/06\/2024<\/span><\/p>\n<p><strong>Disclaimer- <\/strong><span style=\"font-weight: 400;\">The information is published as on date 06\/21\/2024 based on information available on Key Information Document- 11\/06\/2024. The information may be subject to change in case of change in terms of prospectus or any other reason as the case maybe. Contents which are exclusively for educational information\/knowledge sharing on capital market concepts and has no influence the investment\/sale decisions of any investors<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0A+ \/Stable Rated\u00a0|\u00a0Minimum Investment: 1 Lakh \u00a0 Bond overview\u00a0 Muthoot Capital Services Ltd is issuing Non-Convertible Debentures (NCDs) rated A+\/Stable by&hellip;<\/p>\n","protected":false},"author":4,"featured_media":8100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[113],"tags":[94],"class_list":["post-8099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncd-ipo","tag-ncd-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Muthoot Capital Services Limited \u2013 June 2024, should you invest?<\/title>\n<meta name=\"description\" content=\"Muthoot Capital Services Ltd is issuing Non-Convertible Debentures (NCDs) rated A+\/Stable by CRISIL Click &amp; 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