Mufin Green Finance Ltd

Mufin Green Finance Ltd

₹ 128 -0.90%
14 Jun - close price
About

APM Finvest Limited was incorporated in May 2016, a Non-Banking Financial Company Non-Deposit Taking (NBFC-ND) registered with Reserve Bank of India and is carrying on the business of Investment into shares, stocks, securities, and providing loans of all kinds.[1] [2]

Key Points

Demerger
APM Industries Limited and APM Finvest Limited and their shareholders and creditors for demerger of Finance and Investment Undertaking of APM Industries Limited and subsequent amalgamation of the undertaking with APM Finvest Limited, the Company allotted 2,16,11,360 Equity shares to the shareholders of APM Finvest Limited as of June 18, 2019.[1]

After the demerger, APM Finvest Limited ceased to be a wholly-owned subsidiary of APM Industries Ltd dated April 01, 2018.[1]

  • Market Cap 1,961 Cr.
  • Current Price 128
  • High / Low 274 / 35.0
  • Stock P/E 119
  • Book Value 15.9
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 8.31 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.03 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.56%
  • Company has a low return on equity of 8.42% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
4.35 6.68 6.01 1.71 11.15 4.33 6.59 10.66 13.47 17.52 21.13 27.07 32.21
0.17 0.07 0.09 0.16 12.38 2.34 3.08 6.13 5.39 6.54 6.86 7.41 9.32
Operating Profit 4.18 6.61 5.92 1.55 -1.23 1.99 3.51 4.53 8.08 10.98 14.27 19.66 22.89
OPM % 96.09% 98.95% 98.50% 90.64% -11.03% 45.96% 53.26% 42.50% 59.99% 62.67% 67.53% 72.63% 71.06%
0.00 0.00 0.00 0.01 0.01 0.01 0.10 0.03 0.01 0.03 0.00 0.04 0.05
Interest 0.01 0.03 0.01 0.00 0.11 0.02 0.39 1.17 4.05 6.06 8.56 12.93 16.85
Depreciation 0.00 0.00 0.00 0.00 0.03 0.44 0.45 0.45 0.49 0.32 0.34 0.67 0.96
Profit before tax 4.17 6.58 5.91 1.56 -1.36 1.54 2.77 2.94 3.55 4.63 5.37 6.10 5.13
Tax % 10.79% 11.25% 5.92% 61.54% 18.38% 25.32% 26.71% 22.11% 25.07% 25.49% 25.33% 25.41% 20.86%
3.72 5.83 5.55 0.60 -1.10 1.15 2.02 2.29 2.66 3.45 4.01 4.55 4.05
EPS in Rs 0.29 0.45 0.43 0.05 -0.08 0.09 0.13 0.15 0.18 0.23 0.27 0.30 0.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 3 2 23 15 35 98
0 0 0 8 -0 2 17 30
Operating Profit 0 0 3 -7 23 13 18 68
OPM % 10% 81% 94% -386% 100% 84% 53% 69%
0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 6 44
Depreciation 0 0 0 0 0 0 2 2
Profit before tax 0 0 3 -7 23 13 11 21
Tax % 0% 23% 14% 9% 12% 14% 25% 24%
0 0 3 -6 20 11 8 16
EPS in Rs -0.47 1.53 0.84 0.54 1.04
Dividend Payout % 0% 0% 0% 0% 0% 4% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 96%
3 Years: 62%
TTM: 178%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: -6%
TTM: 103%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 180%
1 Year: 194%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 8%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 2 2 4 4 4 4 5 16
Reserves 0 0 73 67 86 97 147 228
0 0 0 10 0 0 226 640
0 0 1 0 2 1 17 41
Total Liabilities 2 2 78 82 93 103 395 926
0 0 0 0 0 2 3 9
CWIP 0 0 0 0 0 0 0 0
Investments 0 1 66 59 73 10 3 5
2 1 12 22 20 91 389 912
Total Assets 2 2 78 82 93 103 395 926

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 -2 3 -13 4 -58 -175 -359
0 0 0 -1 6 67 -85 -57
2 0 0 10 -10 -0 269 486
Net Cash Flow 2 -2 3 -3 -0 9 8 70

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 9 119 2 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 9 119 2 0 0 0
Working Capital Days -182 2,236 35 132 5 651 -40 -21
ROCE % 6% 8% -8% 27% 13% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
67.75% 67.75% 0.00% 67.75% 58.19% 58.19% 58.19% 58.19% 58.18% 58.18% 54.77% 54.51%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.33%
0.00% 0.00% 0.00% 0.00% 14.12% 14.12% 14.12% 14.12% 14.12% 14.12% 13.16% 13.09%
32.25% 32.25% 100.00% 32.25% 27.70% 27.68% 27.69% 27.70% 27.68% 27.70% 31.96% 32.07%
No. of Shareholders 13,07312,19811,51110,84110,40110,48610,52111,29414,84318,85022,13324,624

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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