Mufin Green Finance Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Financing and Investing: 88.3% • EV Charging Infrastructure and Solar Power Plant: 11.7%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Comfortable capital adequacy - CAR of 30.9%
- Asset quality is healthy - gross NPA of just 0.0%
- Solid return on assets for a lender - ROA of 2.1%
- Latest quarter profit grew 345.5% YoY, showing strong momentum
CONS
- Net NPA is elevated at 2.1% - provisioning cushion is thin
- Promoter holding has decreased over last 2 years: -7.2pp
- Thin net interest margin of 0.0%
- Company's return on assets is weak at 2.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1034.20 | 31.71 | 643888.19 | 0.58 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| SHRIRAMFIN | 1028.00 | 21.37 | 241893.03 | 1.05 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| CHOLAFIN | 1845.00 | 27.40 | 157575.18 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| TATACAP | 362.80 | 28.50 | 154003.85 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| JIOFIN | 230.00 | 73.49 | 151872.26 | 0.26 | 8302.50 | 2457.29 | 20044.70 | 3172.82 | 2.11 | 69.71 |
| BAJAJHLDNG | 11120.70 | 13.97 | 123766.17 | 1.75 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| MUTHOOTFIN | 2794.40 | 9.86 | 112186.35 | 1.07 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| ABCAPITAL | 398.60 | 26.59 | 109118.68 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| LTF | 309.50 | 24.37 | 77571.61 | 0.89 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| SBICARD | 656.05 | 27.44 | 62432.55 | 0.38 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| HDBFS | 668.65 | 25.53 | 55549.10 | 0.60 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| MUFIN | 134.45 | 70.38 | 2664.29 | 0.00 | 14.01 | 345.50 | 76.86 | 60.13 | 12.44 | 78.61 |
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 | 40 | 43 | 46 | 48 | 50 | 55 | 64 | 77 | |
| 16 | 7 | 9 | 10 | 15 | 17 | 22 | 18 | 19 | 15 | 12 | 58 | |
| Operating Profit | 14 | 20 | 22 | 27 | 31 | 32 | 28 | 30 | 35 | 41 | 53 | 60 |
| OPM % | 67.51% | 72.65% | 68.06% | 72.22% | 77.79% | 74.85% | 61.37% | 63.44% | 68.54% | 74.80% | 82.82% | 78.61% |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 9 | 13 | 17 | 20 | 22 | 24 | 23 | 26 | 26 | 31 | 38 | 41 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 5 | 6 | 5 | 6 | 8 | 8 | 4 | 4 | 8 | 9 | 15 | 19 | |
| Tax % | 25.34% | 25.41% | 20.86% | 26.01% | 29.09% | 26.22% | 18.25% | 25.59% | 26.77% | 25.45% | 25.22% | 25.53% |
| Net Profit | 4 | 0 | 0 | 4 | 6 | 6 | 3 | 3 | 6 | 7 | 11 | 14 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 98 | 181 | 246 | |
| 29 | 63 | 104 | |
| Operating Profit | 68 | 118 | 143 |
| OPM % | 69.89% | 65.29% | 57.90% |
| 0 | 1 | 1 | |
| Interest | 45 | 90 | 136 |
| Depreciation | 2 | 3 | 3 |
| Profit before Tax | 21 | 26 | 51 |
| Tax % | 24.35% | 25.79% | 25.61% |
| Net Profit | 16 | 19 | 38 |
| EPS | 0.99 | 1.20 | — |
| Dividend Payout % | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 48%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Equity Capital | 16 | 16 |
| 207 | 234 | |
| 667 | 738 | |
| Trade Payables | 0 | 1 |
| 36 | 45 | |
| Total Liabilities | 926 | 1,033 |
| 9 | 6 | |
| 5 | 5 | |
| 0 | 11 | |
| Cash & Bank | 242 | 135 |
| 670 | 876 | |
| Total Assets | 926 | 1,033 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| -399 | -213 | |
| Cash from Investing | -57 | 90 |
| Cash from Financing | 486 | 67 |
| 71 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-11 - Mufin Green Finance Limited has informed the Exchange regarding allotment of Foreign Currency Denominated Bonds under External Commercial Borrowing Framework
2026-09-06 - Mufin Green Finance Limited has informed the Exchange about Copy of Newspaper Publication regarding 10th Annual General Meeting of the Company
2026-09-05 - Mufin Green Finance Limited has informed the Exchange regarding intimation of business responsibility and sustainability report for FY2026
2026-09-05 - Mufin Green Finance Limited has informed the Exchange about Shareholders meeting
2026-09-05 - Mufin Green Finance Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-02 - Mufin Green Finance Limited has informed the Exchange regarding Appointment of Mr Sumit Garg as Head of Strategy designated as Senior Management Personnel and Mr. Prakash L Pogaku as Chief Compliance Officer of the company w.e.f. September 02, 2026.
2026-09-02 - Mufin Green Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.
2026-08-31 - The Exchange has sought clarification from Mufin Green Finance Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.
2026-08-26 - Mufin Green Finance Limited has informed the Exchange about Transcript of conference call held on August 20, 2026
News
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