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Mufin Green Finance Limited

Mufin Green Finance Limited

MUFIN.BO
Mufin Green Finance LimitedIN flagBombay Stock Exchange
133.50
INR
-1.50
- -
26.46BMarket Cap
Mufin Green Finance Limited
MUFIN.BO
(Bombay Stock Exchange)

Recent

price

133.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
0.11
0.09
0.42
1.18
2.36
5.92
10.89
- -
12.51
Revenue per Share
- -
0.21
-0.47
1.53
0.84
0.58
1.05
1.18
- -
1.55
Basic EPS, GAAP
- -
0.27
-0.98
0.33
-4.66
-12.5
-23.68
-9.23
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.03
- -
- -
- -
- -
Dividend per Share
- -
0.61
0.14
1.36
2.03
2.36
3.09
3.78
- -
1.13
Book Value per Share
- -
5.93
5.46
7
7.73
10.92
15.93
16.19
- -
32.63
Tangible Book Value per Share
- -
130
130
130
130
140
152
166
- -
176
Basic Weighted Avg Shares
- -
14
12
55
153
331
903
1,809
2,076
2,203
Sales/Revenue/Turnover
- -
226.23
-576.7
401.58
84.42
37.37
19.71
13.77
17.81
15.91
Operating Margin (%)
- -
- -
- -
- -
- -
18
23
33
26
26
Depreciation Expense
- -
27
-61
199
109
81
161
196
283
273
Net Income, GAAP
- -
13.81
- -
11.87
14.17
24.78
24.35
25.79
25.58
25.62
Effective Tax Rate (%)
- -
195.04
-529.92
361.93
71.33
24.53
17.79
10.84
13.62
12.41
Profit Margin (%)
11
159
137
879
869
1,929
2,321
3,222
17,493
17,493
Working Capital
- -
- -
1
1
- -
907
2,754
3,149
13,976
13,976
LT Debt
23
770
708
907
1,016
1,537
2,441
2,692
5,747
5,747
Total Equity
- -
6.9
- -
22.55
11.38
4.15
2.19
1.98
1.86
1.76
Return on Invested Capital (%)
- -
54.04
- -
131.57
49.66
6.55
3.6
2.8
2.58
2.54
Return on Capital (%)
- -
54.04
-126.61
204.49
49.5
27.34
40.1
35.68
68.37
66.11
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
8,634
- -
13,976
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
173
- -
198
Market Capitalization
15,322
20,208
16,749

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
11,686
- -
17,493
Cash, Cash Equivalents & STI
1,431
- -
2,189
Accounts Receivable, Net
75
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
9
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
49.17%
113.45%
Free Cash Flow
- -
-182.25%
355.65%
Net Income, GAAP
- -
18.69%
44.14%
Sales/Revenue/Turnover
- -
116.53%
14.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
175
210
271
245
903
2025
369
461
485
493
1,809
2026
486
526
551
640
2,076

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.26
0.3
- -
1.05
2025
0.27
0.35
0.35
0.21
1.18
2026
0.19
0.33
0.41
0.63
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Mufin Green Finance Limited (MUFIN.BO), a non-banking financial company headquartered in New Delhi, India, and founded in 2016 as APM Finvest Limited, specializes in green financing solutions for climate-sustainable products, primarily targeting underserved and unbanked segments in semi-urban and rural areas for income-generating purposes; its core offerings include loans for electric vehicles such as two-wheelers, three-wheelers, and four-wheelers, electric charging infrastructure, swappable batteries, and original equipment manufacturers under term loan and lease models; solar financing encompassing asset financing for hotels, hospitals, commercial buildings, office buildings, factories, and solar ecosystem services like working capital finance, individual purchase price allocation, group power purchase agreements, and captive power purchase agreements; as well as recent expansions into currency exchange services. The company operates across India through a multichannel distribution system, with subsidiaries including Mufin Green Leasing Private Limited and Mufin Green Infra Limited, serving customers in the electric mobility and renewable energy sectors. Recent developments include a name change from APM Finvest Limited effective July 2022, a 19.16% stake acquisition in Bimapay Finsure for Rs 41.33 crore in November 2025 to enhance fintech capabilities, a Rs 490 crore fundraising plan via 3.48 crore equity shares at Rs 98 to non-promoters and 76.53 lakh warrants to promoters plus Rs 90 crore in non-convertible debentures pending EGM approval on November 29, 2025, allotment of Rs 50 crore listed secured non-convertible debentures in November 2025 with a 13-month tenor at 10.85% coupon, private placement approvals for up to Rs 50 crore in secured NCDs, and allotment of 2.76 lakh ESOP shares.