Mufin Green Finance Ltd

Mufin Green Finance Ltd

₹ 133 -3.67%
12 Apr 3:40 p.m.
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 2,001 Cr.
  • Current Price 133
  • High / Low 274 / 35.0
  • Stock P/E 136
  • Book Value 10.7
  • Dividend Yield 0.00 %
  • ROCE 7.00 %
  • ROE 6.40 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 141% CAGR over last 5 years

Cons

  • Stock is trading at 12.8 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.67%
  • Company has a low return on equity of 12.8% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7.88 4.35 6.68 6.01 1.71 11.15 4.33 6.59 10.66 13.59 17.52 21.13 27.18
0.08 0.17 0.07 0.09 0.16 12.38 2.34 3.08 6.13 5.51 6.54 6.86 7.52
Operating Profit 7.80 4.18 6.61 5.92 1.55 -1.23 1.99 3.51 4.53 8.08 10.98 14.27 19.66
OPM % 98.98% 96.09% 98.95% 98.50% 90.64% -11.03% 45.96% 53.26% 42.50% 59.46% 62.67% 67.53% 72.33%
0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.10 0.03 0.01 0.03 0.00 0.04
Interest 0.03 0.01 0.03 0.01 0.00 0.11 0.02 0.39 1.17 4.05 6.06 8.56 12.93
Depreciation 0.00 0.00 0.00 0.00 0.00 0.03 0.44 0.45 0.45 0.49 0.32 0.34 0.67
Profit before tax 7.77 4.17 6.58 5.91 1.56 -1.36 1.54 2.77 2.94 3.55 4.63 5.37 6.10
Tax % 11.20% 10.79% 11.25% 5.92% 61.54% 18.38% 25.32% 26.71% 22.11% 25.07% 25.49% 25.33% 25.41%
6.91 3.72 5.83 5.55 0.60 -1.10 1.15 2.02 2.29 2.66 3.45 4.01 4.55
EPS in Rs 0.53 0.29 0.45 0.43 0.05 -0.08 0.09 0.13 0.15 0.18 0.23 0.27 0.30
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 TTM
0 0 3 2 23 15 35 79
0 0 0 8 -0 2 17 26
Operating Profit 0 0 3 -7 23 13 18 53
OPM % 10% 81% 94% -386% 100% 84% 53% 67%
0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 6 32
Depreciation 0 0 0 0 0 0 2 2
Profit before tax 0 0 3 -7 23 13 11 20
Tax % 0% 23% 14% 9% 12% 14% 25%
0 0 3 -6 20 11 8 15
EPS in Rs -0.47 1.53 0.84 0.54 0.98
Dividend Payout % 0% 0% 0% 0% 0% 4% 0%
Compounded Sales Growth
10 Years: %
5 Years: 194%
3 Years: 175%
TTM: 143%
Compounded Profit Growth
10 Years: %
5 Years: 141%
3 Years: 49%
TTM: 236%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 239%
1 Year: 220%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 13%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 4 4 4 4 5 15
Reserves 0 0 73 67 86 97 147 146
0 0 0 10 0 0 226 399
0 0 1 0 2 1 17 24
Total Liabilities 2 2 78 82 93 103 395 585
0 0 0 0 0 2 3 4
CWIP 0 0 0 0 0 0 0 0
Investments 0 1 66 59 73 10 3 11
2 1 12 22 20 91 389 570
Total Assets 2 2 78 82 93 103 395 585

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.75% 67.75% 67.75% 0.00% 67.75% 58.19% 58.19% 58.19% 58.19% 58.18% 58.18% 54.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 14.12% 14.12% 14.12% 14.12% 14.12% 14.12% 13.16%
32.25% 32.25% 32.25% 100.00% 32.25% 27.70% 27.68% 27.69% 27.70% 27.68% 27.70% 32.06%
No. of Shareholders 9,13113,07312,19811,51110,84110,40110,48610,52111,29414,84318,85020,438

* 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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