Taxable
Tax Category
25 Apr, 2027
Maturity Date
(2 Yr 8 Mo 27 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
25 Apr, 2024
Allotment Date
NA
Put Date
10 May, 2024
Next Interest Payment Date
7 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
Muthoottu Mini Financiers Ltd was incorporated on March 18, 1998, and operated as an investment company for other group entities until FY06. MMFL then started gold loan advances from FY07 and undertook rapid branch expansions from FY09 onwards. The company was converted to a public limited company on November 27, 2013, and consequently, the name was changed from Muthoottu Mini Financiers Private Limited to MMFL. MMFL also operates as an agent of several money transfer services set-ups, realising agency commission for these services.
The ratio in FY23 is 7.9x and it was 8.3x in FY22, indicating decreasing debt levels due to rapid and significant increase in profits.
Debt/EBITDA
The ratio in FY23 is 1.29x and it was 1.26x in FY22, indicating increasing debt service ability of the issuer due to significant increase in profits.
Interest coverage ratio
Mar 27, 2024 | Muthoottu Mini Financiers Limited
Mar 27, 2024 | Muthoottu Mini Financiers Limited
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