Mufin Green Finance Shares In Focus After Rising 134 % And Outperforming Its Sector By 89% In 1 Year

Shares of Mufin Green Finance Ltd experienced a significant increase today, rising approximately 4.5% to Rs 134.84 per share from the previous close of Rs 128.41 per share. While the company has not made any major announcements recently, the uptick in share price is believed to be driven by market sentiment and forces. The stock's performance reflects its resilience, with a 52-week high of Rs 274.40 and a 52-week low of Rs 102.65 per share.

In the recently reported standalone financial results for Q1FY25, Mufin Green Finance demonstrated robust growth. Net sales increased by an impressive 111.3%, reaching Rs 37.02 crore, compared to the same quarter in the previous fiscal year. Similarly, the company's net profit showed a significant rise of 34%, reaching Rs 4.62 crore. On a consolidated basis, Mufin Green Finance reported net sales of Rs 36.98 crore and a net profit of Rs 4.39 crore in the same quarter.

The company's annual financial performance for FY24 was equally strong, with net sales rising by 184% to Rs 97.60 crore, and net profit increasing by 98% to Rs 16.06 crore, compared to FY23. Foreign institutional investors (FIIs) also demonstrated increased confidence in Mufin Green Finance, acquiring 6,27,068 shares in Q1FY25. This raised their stake in the company to 0.49%, compared to 0.11% in March 2024.

In July, the board of Mufin Green Finance approved a proposal to raise Rs 30 crore through the issuance of non-convertible debentures (NCDs). This decision, approved during a board meeting, aims to secure funds for further growth and expansion. The NCDs are rated, unlisted, secured, senior, redeemable, taxable, and transferable, and will be issued on a private placement basis.

In March 2024, Mufin Green Finance announced the incorporation of its new subsidiary, Mufin Green Infra Limited, following approval from the Ministry of Corporate Affairs. This subsidiary, with an authorized capital of Rs 15 lakh, is expected to play a pivotal role in advancing Mufin Green Finance's efforts in the renewable energy and EV infrastructure sectors. The formation of this subsidiary aligns with Mufin Green Finance's commitment to supporting India's green energy transition.

Mufin Green Finance has implemented several corporate actions over the past three years, aimed at enhancing shareholder value. In September 2022, the company declared a final dividend of Rs 0.2 per share. Following this, in April 2023, the company executed a 2:1 stock split, making shares more accessible to investors. In July 2023, Mufin Green Finance issued bonus shares in a 2:1 ratio, further increasing the number of outstanding shares.

Mufin Green Finance has positioned itself as a key player in India's burgeoning EV sector, providing financing solutions for the electric vehicle ecosystem. Through its subsidiary, Mufin Green Infra Limited, the company plans to establish EV charging infrastructure, power generation, and civil construction projects. This expansion into infrastructure will complement Mufin Green Finance's existing portfolio of loans for EV income generation, electric charging stations, and swappable batteries.