Mufin Green Finance
- Market cap
- ₹ 2,550 Cr.
- P/E
- 68.6x
- P/B
- 4.65x
- 52-week range
- 95 – 143.9
- ROE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 2.44
- Sector
- Finance
- Industry
- Non Banking Financial Company (NBFC)
- Listed on
- NSE, BSE
About
Mufin Green Finance Limited is an India-based Non-Banking Financial Company (NBFC). The Company is engaged in the business of Investment and Credit. The Company’s products include Electric Mobility comprises of Vehicles, Batteries, and Chargers, and other product Solar Financing. Its Electric Mobility includes Two-wheeler Electric Vehicles, Three-wheeler Electric Vehicles, Four-wheeler Electric Vehicles, Electric Charging Infra, Battery Swapping, and Original Equipment Manufacturer (OEM). Its Solar Financing include Asset Financing and Solar Financing Eco-system. Its Asset Financing comprises of Hotels, Hospitals, Commercial buildings, Office buildings, Factories, and more. Its Solar Financing Eco-system includes Working Capital Finance for Solar Projects, Individual Purchase Price Allocation (PPA), Group PPA Financing, Captive PPAs, and more. Its subsidiaries include Mufin Green Leasing Private Limited and Mufin Green Infra Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Non Banking Financial Company (NBFC): 288 companies →Mufin Green Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)68.6 against a typical 22.5: pricier than most peers (1st = cheapest).209th of 284
- Sales growth+60.4% against a typical +18.3% from a year earlier.67th of 259
- Profit growth+250% against a typical +20.2% from a year earlier.21st of 214
- Share price, 3 months+0.8% against a typical −4.2%.110th of 258
- Size₹ 2,550.3 Cr. market value against a typical ₹ 43 Cr. (1st = largest).26th of 269
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A- by Acuite- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE A- | Stable | 27 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Nov 2025 | Reaffirmed | ACUITE A- | — | Acuite | ₹ 1,650 Cr. | |
| 4 Sep 2025 | Reaffirmed | ACUITE A- | — | Acuite | ₹ 950 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 31 Oct 2025 | Other | Board to consider | — | — | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 31 Jul 2026 | Fund Raising | To consider Fund Raising by issuance of listed, secured/unsecured, non-convertible debentures on private placement basis or any other eligible instruments through private placement basis or such other permissible mode or combination thereof in accordance with the relevant provisions of applicable law and subject to approval of the applicable regulatory authorities. |
| 14 Jul 2026 | Fund Raising | To consider Fund Raising by issue of foreign currency denominated bonds under the framework External Commercial Borrowings (ECB)/issuance of listed, secured/unsecured, non-convertible debentures on private placement basis or any other eligible instruments through private placement basis or such other permissible mode or combination thereof in accordance with the relevant provisions of applicable law and subject to approval of the applicable regulatory authorities. |
| 2 Jun 2026 | Fund Raising | To consider Fund Raising proposal by way of issuance of listed, secured/unsecured, non-convertible debentures on private placement basis |
| 21 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 27 | 32 | 37 | 40 | 43 | 41 | 48 | 51 | 53 | 65 | 77 |
| Interest | 9 | 13 | 17 | 20 | 22 | 24 | 23 | 25 | 26 | 31 | 38 | 41 |
| Expenses | 7 | 7 | 9 | 10 | 9 | 11 | 12 | 17 | 17 | 12 | 12 | 16 |
| Financing Profit | 6 | 7 | 6 | 7 | 9 | 9 | 6 | 6 | 9 | 10 | 15 | 19 |
| Financing Margin % | 27% | 25% | 19% | 18% | 22% | 20% | 14% | 12% | 17% | 19% | 24% | 25% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 6 | 5 | 6 | 8 | 8 | 5 | 6 | 8 | 9 | 15 | 19 |
| Tax % | 25% | 25% | 21% | 26% | 29% | 26% | 19% | 25% | 27% | 25% | 25% | 26% |
| Net Profit | 4 | 5 | 4 | 5 | 6 | 6 | 4 | 4 | 6 | 7 | 11 | 14 |
| EPS in Rs | 0.27 | 0.3 | 0.25 | 0.28 | 0.35 | 0.37 | 0.24 | 0.24 | 0.35 | 0.4 | 0.56 | 0.71 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 56%
- 3 Years
- 83%
- TTM
- 43%
- 10 Years
- —
- 5 Years
- 7%
- 3 Years
- 52%
- TTM
- 93%
- 10 Years
- —
- 5 Years
- 86%
- 3 Years
- 48%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 8%
- 3 Years
- 7%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mufin Green Finance | ₹ 131.10 | ₹ 2,550 Cr. | 68.6x | 4.7x | 7% | — |
| Altius Telecom Infrastructure Trust | ₹ 170.00 | ₹ 0 Cr. | 46.7x | 4.5x | 8.3% | 4.6% |
| REC | ₹ 293.65 | ₹ 77,325 Cr. | 5.7x | 1.1x | 20% | 27.4% |
| National Highways Infra Trust | ₹ 168.00 | ₹ 35,928 Cr. | 47.7x | 1.5x | 3% | 16% |
| IndiGrid Infrastructure Trust | ₹ 164.83 | ₹ 15,701 Cr. | 39.1x | 2.8x | 7% | 8.4% |
| Indus Infra Trust | ₹ 124.00 | ₹ 7,576 Cr. | 15x | 1.2x | — | 56.5% |
Management
- Mayank Pratap Singh
- Company Secretary, Compliance Officer
- Kapil Garg
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.