Results are all good. Nothing wrong in balance sheet
Commentary is good
It s just that the stock has run up a lot in last one year. It will hit new all time high soon
Hold on
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Post result selling with volume, seems to indicate below:
Smart money might be sensing near term gold top (until something horribly goes wrong in world ).
Competition is fierce now, easy money in both gold business and muthoot stock is gone (since gold has made near term top).
No customer growth, gold tonnage de-growth but AUM growth, means same customer top up loans and doing heavy lifting (not possible to go on , if gold has made near term top).
my view is, stock might still go back to 3800-4000 level but at every rise, smart money might sell out.
please consult your financial advisor, above is my view - there is no advice of buying or selling.
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People who are predicting on Gold Top, have no idea, why people r buying gold..
There r multiple reasons why gold moved 2000 to 5000…may be good reading is suggested
To be clear, i said near term ( key ! ).
this could be near time bottom actually . we would see it inching upwards . This would boost muthoot finance. Even if its 10% cagr for next two years, muthoot is poised to grow significantly also because of expected credit growth .
Investor and holding it
worst expected and unfortunately it came true.
well , gold went into bear market and with in a month came out of it.
lets see how it unfolds. pretty sure we would be higher by year end .
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Seems competition heating up in the sector. They could undercut Muthoot to gain market share. Has the company guided for any customer acquisition/growth numbers?
Competition was always there ,since a decade at least. Here is mgmt interview post q3 results.
Indian domestic economy has been resilient and so gold loan demand from such small traders would be buyont.
superb results by Muthoot . Profit doubled YoY . Fy26 EPS is > 2x FY25 EPS . QoQ growth of 20% continues.
Unless everyone think that gold has peaked out and we would be in recession , we can expect bumper return over next two years.
I think gold price would keep inching up and business activity will increase and hence more loan .
https://www.bseindia.com/xml-data/corpfiling/AttachLive/4ac13121-6bc5-4cb7-93f1-5d5de87c67f6.pdf
superb results by Muthoot . Profit doubled YoY . Fy26 EPS is > 2x FY25 EPS . QoQ growth of 20% continues.
Unless everyone think that gold has peaked out and we would be in recession , we can expect bumper return over next two years.
I think gold will keep inching up and demand for loan would also see growth because of increase in domestic economic activities
Market is looking beyond headline numbers !
Probably yes. They are worried because of decrease in customer .how ever net net growth is superb.
I am hoping that post management commentary , market will understand this.
But yes , market is supreme. Lets see next quarter
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Too much of silence in this group .gold price will have impact but at same time I think there is credit growth coming back and that would compensate ltv loss because of gold price correction.
Let’s see q1 and q2 results .that would set the tone .
YoY great result. QoQ de growth.
YoY gold price is up 15% but AUM up 48%
QoQ gold price is down > 10% , AUM up 6% .
QoQ ,per branch avg aum up 5% despite of adding 5% new branches.
will wait for commentary and guidance
Market keep correcting muthoot and Manappuram thinking they will stop growing and competition will eat their pie
But both keep growing for decades
And then after some time they will again go up. It keeps happening in cycles the Correct then they go up then the Correct and then they go up but if you see a long-term chart it’s a pretty smooth chart. Make a lot of money if you buy it at every correction.
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Correct but if the growth rate doesn’t increase too much because stock already been into large cap so can’t keep much expectations
That’s why big investor look for mid and small cap mainly
But small caps have inherent risk while these cash cows are long term compounders and wealth creators