MUFINFinancial Services

Mufin Green Finance Limited

Non Banking Financial Company (NBFC) · ISIN INE08KJ01020 · BSE 542774 · NSE EQ · FV ₹1
Last price
₹132
+1.26%today
What this company does

Mufin Green Finance Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹77 cr of revenue in its latest quarter (Q1 FY27) and kept 18.2% of sales as profit.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 187–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Cash quality1

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 18% net margin
Sales up 57% vs last year
Profit up 302% vs last year
Promoters hold 47%
No promoter shares pledged
Watch-outs
! Carries high debt (D/E 1.5)
! Operating cash flow is negative

What if I invest in MUFIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹132 +1.26%
latest close · 2026-09-17
52-wk low ₹12242 sessions so far52-wk high ₹142
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio46.5High
LowAverageHigh
P/B ratio4.56High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.8%Fair
WeakFairStrong ▸15%
Net margin18.2%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.49High
LowModerateHigh ▸1
More figures
Market cap
₹2,620 cr
Book value
₹29
EPS
₹0.71
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.8%
Earnings yield
2.15%
P/S
8.52
Sales / share
₹15.5
Tax rate
25.5%
Face value
₹1
Shares
19.8 cr
Working capital
Current assets
Current liabilities
Delivery %
40.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹7₹13, midpoint ₹10

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹77 cr
Other Income₹27.8 L
Total Income₹77 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹6 cr
Finance Costs₹41 cr
Depreciation & Amortisation₹60.6 L
Other Expenses₹8 cr
Total Expenses₹58 cr
Profit before Tax₹19 cr
Tax Expense₹5 cr
Net Profit₹14 cr
Net margin on total income18.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹6 cr7.5%
Finance costs₹41 cr53.5%
Depreciation & amortisation₹60.6 L0.8%
Other expenses₹11 cr13.8%
Tax expense₹5 cr6.2%
Profit for the period₹14 cr18.2%
Total income ₹77 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue56 cr65 cr77 cr
Total income56 cr65 cr77 cr
Expenses47 cr50 cr58 cr
Profit before tax9 cr15 cr19 cr
Tax2 cr4 cr5 cr
Net profit (owners' share)7 cr11 cr14 cr
Net margin (owners' share, on revenue)12.5%17.1%18.2%
EPS (₹)0.410.630.71
YoY (latest quarter): total income +57.3% · net profit +302.3%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹2,028 cr
Shareholder equity
₹575 cr
parent shareholders
Total debt
₹855 cr
Cash
₹149 cr
Cash flow · H1 FY26
Operating
₹-172 cr
Investing
₹-55 cr
Financing
₹183 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limited₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limited₹302₹75,742 cr21.0
SBI Cards and Payment Services Limited₹637₹60,613 cr22.8
HDB Financial Services Limited₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 20 Sep 2022
ActionDetailEx-date
Bonus issue1:27 Jul 2023
Stock splitStock Split From Rs.2/- to Rs.1/-13 Apr 2023
Dividend₹0.2 / share20 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
47.3%
FII / Foreign
2.3%
DII / Domestic
10.1%
Retail / others
40.4%
Promoter stake down 7.2% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldFUTURISTIC TRADE DMCC · NSE10.00 L @ ₹113.5312 May 26
BoughtTHAKKAR NILESHKUMAR FARSHURAM HUF · NSE9.00 L @ ₹11722 Apr 26
SoldTHAKKAR NILESHKUMAR FARSHURAM HUF · NSE9.00 L @ ₹113.1222 Apr 26
Stake changes
BoughtHindon Mercantile Limited · promoter→ 3.72% · 76.53 L4 Mar 26
BoughtHindon Mercantile Limited · promoter→ 45.54%4 Mar 26
BoughtKapil Garg · promoter→ 0.95%26 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 19 Mar 2026
See the official result
1
TO ALTER THE ARTICLES OF ASSOCIATION OF THE COMPANY:
Backed by 100% of shareholders other than promotersneeded 75%
21.43 L votes for, 4,465 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 47.3% between them · as of 2026-06-30
HINDON MERCANTILE LIMITED44.53%
Kapil Garg0.83%
Pooja Garg0.56%
Saurabh Garg0.56%
Shelly Garg0.56%
BIMA PAY TECHNOLOGY PRIVATE LIMITED0.28%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹263 cr raised in Mar 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 100% of what it set aside. Acuite Ratings & Research Limited watches the spending on the exchange’s behalf.

Onward Lending
100%
₹263 cr of ₹263 cr
Spent by quarter: 59%100% (to Jun 2026)
₹122 cr raised in Dec 2023 by selling shares to selected investors

As of Sep 2025, the company says it has spent 100% of what it set aside. Acuite Ratings & Research Limited watches the spending on the exchange’s behalf.

For Lending Purpose
100%
₹105 cr of ₹105 cr
For General Corporate Purpose
100%
₹17 cr of ₹17 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.