Mufin Green Finance Ltd

₹ 135 -4.90%

21 Oct - 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

Business Overview
The company is engaged in financing climate-sustainable products. It provides loans for income generation through Electric Vehicles, Electric Charging Infrastructure, and Swappable Batteries under 2 models: ^[1]

Website BSE NSE

Market Cap ₹ 2,680 Cr.
Current Price ₹ 135
High / Low ₹ 144 / 94.1
Stock P/E 70.8
Book Value ₹ 29.0
Dividend Yield 0.00 %
ROCE 10.7 %
ROE 6.69 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.65 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company has a low return on equity of 6.97% over last 3 years.
Promoter holding has decreased over last 3 years: -10.9%
Working capital days have increased from 39.7 days to 108 days

* 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

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

Part of BSE Financial Services

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	21	27	32	37	46	49	50	49	53	53	65	77
Interest	9	13	17	20	22	24	23	26	26	31	38	41
	7	7	9	10	15	17	22	18	19	12	12	16
Financing Profit	6	7	6	6	9	8	5	5	8	10	15	19
Financing Margin %	27%	25%	19%	17%	19%	17%	10%	9%	15%	19%	24%	25%
	-0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	5	6	5	6	8	8	4	4	8	9	15	19
Tax %	25%	25%	21%	26%	29%	26%	18%	26%	27%	25%	25%	26%
	4	5	4	4	6	6	3	3	6	7	11	14
EPS in Rs	0.27	0.30	0.25	0.27	0.35	0.36	0.22	0.20	0.33	0.40	0.56	0.71
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	TTM
	98	182	211	248
Interest	45	90	120	136
	29	63	50	59
Financing Profit	24	29	40	53
Financing Margin %	24%	16%	19%	21%
	-0	0	0	1
Depreciation	2	3	3	3
Profit before tax	21	26	38	51
Tax %	24%	26%	26%
	16	19	28	38
EPS in Rs	0.99	1.20	1.43	2.00
Dividend Payout %	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	28%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	103%

Stock Price CAGR
10 Years:	%
5 Years:	90%
3 Years:	11%
1 Year:	35%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	7%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	20
Reserves	228	253	555
Borrowing	640	714	1,398
	41	50	55
Total Liabilities	926	1,033	2,028
	9	6	7
CWIP	-0	-0	-0
Investments	5	5	165
	912	1,022	1,855
Total Assets	926	1,033	2,028

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
	-359	-153	-695
	-57	90	-173
	486	67	925
Net Cash Flow	70	4	57
Free Cash Flow	-361	-153	-699

Ratios

Consolidated / View Standalone

	Mar 2024	Mar 2025	Mar 2026
ROE %	7%	8%	7%

Insights

In beta

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Gross AUM (Asset Under Management)
₹ Crore

x,xxx.xx	x,xxx.xx	x,xxx.xx	xxx.xx	xxx.xx	xxx.xx	x,xxx.xx
			xx,xxx	xx,xxx	xx,xxx	xxx,xxx
			xxx.xx	xxx.xx	xxx.xx	x,xxx.xx
		x	xxx	xxx	xxx
				x.xx	x.xx	x.xx
						xx.xx
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Active Customers
Number

Disbursements
₹ Crore

Employee Strength
Number

Gross NPA
%

AUM Mix - EV & Solar Financing
% of AUM

AUM Mix - Mediclaim Financing
% of AUM

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.18%	58.18%	54.77%	54.51%	54.51%	54.35%	54.31%	54.20%	54.20%	54.11%	47.30%	47.30%
	0.00%	0.00%	0.11%	0.49%	0.33%	0.86%	1.25%	0.85%	0.84%	1.06%	1.18%	2.26%
	14.12%	14.12%	13.16%	13.09%	13.09%	12.54%	12.53%	11.85%	11.90%	8.39%	9.29%	10.05%
	27.68%	27.70%	31.96%	31.90%	32.06%	32.25%	31.92%	33.10%	33.05%	36.43%	42.22%	40.39%
No. of Shareholders	14,843	18,850	22,133	25,009	24,017	25,503	25,971	26,485	27,237	27,358	25,767	24,964

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	64.91%	67.75%	0.00%	58.19%	54.77%	54.31%	47.30%	47.30%
	0.00%	0.00%	0.00%	0.00%	0.11%	1.25%	1.18%	2.26%
	0.00%	0.00%	0.00%	14.12%	13.16%	12.53%	9.29%	10.05%
	35.09%	32.25%	100.00%	27.69%	31.96%	31.92%	42.22%	40.39%
No. of Shareholders	8,889	8,471	11,511	10,521	22,133	25,971	25,767	24,964

* 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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Mufin Green Finance Ltd

Mufin Green Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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