Mufin Green Finance Ltd
NSE: MUFIN · Non Banking Financial Company (NBFC) · sector
₹128.95NSE close 2026-10-26
Key numbers
Market cap₹2,555 cr
Price₹128.95
52w high / low₹144 / ₹94
P/E61.4xSector median 13.8x
P/B4.5xSector median 1.1x
Book value₹29.0
Dividend yield–Sector median 0.61%
ROE9.0%Sector median 3.6%
ROA1.88%Sector median 1.94%
Gross NPA–
Net NPA–
CET1–
Sales growth 3y–Sector median +24.6%
Profit growth 3y–Sector median +28.6%
PEG0.66x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 250 companies in Non Banking Financial Company (NBFC) (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Promoter holding fell by 6.90 percentage points in a year, to 47.30% (2026-09-30).
- Total income was higher than a year earlier in 4 of the last 4 quarters.
- No dividend in the last 3 financial years.
- Price ₹128.95 on 2026-10-26: -10.4% from the 52-week high, +37.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹138.35 · low ₹67.66
Total incomeNet profit
Total incomeNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Total income | 40 | 43 | 41 | 48 | 51 | 56 | 65 | 77 |
| Net interest income | 40 | 43 | 41 | 48 | 51 | 56 | 65 | 77 |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 6 | 6 | 4 | 4 | 6 | 7 | 11 | 14 |
| EPS (₹) | 0.35 | 0.37 | 0.24 | 0.25 | 0.35 | 0.41 | 0.63 | 0.71 |
| Revenue YoY | +27.6% | +29.8% | +59.5% | +60.1% | ||||
| Profit YoY | +6.1% | +15.7% | +184.4% | +240.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 98 | 161 | 210 | 249 |
| Net profit | 16 | 20 | 28 | 38 |
| EPS (₹) | 1.05 | 1.24 | 1.64 | 2.10 |
| Revenue growth | +64.6% | +30.6% | +44.7% | |
| Profit growth | +26.3% | +39.3% | +93.0% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +44.7% |
| Net profit | – | – | +93.0% |
| EPS | – | – | – |
| Share price | – | +15.3% (2y) | +34.5% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 244 | 270 | 575 |
| Borrowings | 575 | 510 | 855 |
| Cash & equivalents | 251 | 150 | 219 |
| Total assets | 926 | 1,021 | 2,028 |
| Fixed assets | 0 | 1 | 4 |
| Capital work in progress | 0 | 0 | – |
| Inventory | 0 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -359 | -142 | -695 |
| Cash from investing | -57 | 90 | -173 |
| Cash from financing | 486 | 56 | 925 |
| Capex | 2 | 1 | 4 |
| Free cash flow | -361 | -143 | -699 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 6.6% | 7.5% | 4.9% |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.30% |
| FIIs | 1.80% |
| DIIs | 10.05% |
| of which Mutual funds | 1.67% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 40.85% |
| Quarter | Jun 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.20% | 54.20% | 54.20% | 54.11% | 47.30% | 47.30% | 47.30% | 47.30% |
| Promoter group | % |
|---|---|
| Hindon Mercantile Limited | 44.53% |
| Kapil Garg | 0.83% |
| Shelly Garg | 0.56% |
| Saurabh Garg | 0.56% |
| Pooja Garg | 0.56% |
| Bimapay Technology Private Limited | 0.28% |
| Public holders above 1% | % |
|---|---|
| Incofin India Progress Fund | 6.55% |
| Tata Banking & Financial Services Fund | 1.67% |
| Sangeetha S | 1.51% |
| Investor Education and Protection Fund | 1.42% |
| MMG Advisors LLP | 1.29% |
25,820 shareholders. Pledged: – of promoter shares.
Peers in Non Banking Financial Company (NBFC)
| Company | Market cap | P/E | P/B | ROE | ROA | Gross NPA | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | ₹5,71,790 cr | 28.1x | 5.2x | 19.9% | 4.14% | – | +25.1% | 0.60% |
| SHRIRAMFIN | ₹1,55,223 cr | 14.6x | 2.4x | 18.5% | 3.51% | – | +17.4% | 0.94% |
| TATACAP | ₹1,27,155 cr | 34.6x | 3.3x | 9.3% | 1.76% | – | – | 0.14% |
| CHOLAFIN | ₹1,23,499 cr | 21.4x | 4.1x | 21.2% | 2.34% | – | +34.4% | 0.14% |
| MUTHOOTFIN | ₹96,184 cr | 9.1x | 2.5x | 32.1% | 5.91% | – | +37.9% | 1.08% |
| LTF | ₹60,381 cr | 17.1x | 2.1x | 12.8% | 2.25% | – | +273.2% | 1.14% |
| SBICARD | ₹51,225 cr | 22.5x | 3.3x | 15.4% | 3.43% | – | +13.3% | 0.42% |
| PIRAMALFIN | ₹44,923 cr | 21.9x | 1.4x | 6.3% | 1.66% | – | – | 0.55% |
| SUNDARMFIN | ₹43,352 cr | 22.5x | 3.4x | 16.2% | 2.82% | – | +23.8% | 0.95% |
| MUFIN | ₹2,555 cr | 61.4x | 4.5x | 9.0% | 1.88% | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2022-09-20 | Dividend | Final Dividend Rs 0.2 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Financial Services: The company is a Non-Banking Financial Institution that provides financial assistance to businesses and small and medium enterprises (SMEs), with a strong emphasis on green mobility and clean energy initiatives. Its financing portfolio includes electric vehicles, solar products, batteries and chargers, as well as Mediclaim premium financing.
| Sector | Financial Services |
| Industry | Non Banking Financial Company (NBFC) |
| Sub-industry | Non Banking Financial Company (NBFC) |
| Symbol | MUFIN |
| BSE code | 542774 |
| ISIN | INE08KJ01020 |
| Face value | ₹1.0 |
| Incorporated | 2026-05-13 |
| Website | www.mufinfinance.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.