Mufin Green Finance (MUFIN) had a P/E of 68.3× on 6 Nov 2026. Net profit grew 52% a year over 3 years; its ROE of 6.7% is the lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 4.88× book value. It is a small-cap company with a market cap of ₹2,804 Cr, ranked 35th of 193 Credit Services companies by market cap; the shares rose 17% over the past year.
- ₹143.99
- ₹144.00
- ₹140.40
- ₹143.40
- 24.2 L
Health check
- ReturnsAhead
+17.0% over a year, better than 6 of 7 peers.
- Price tagPricier
P/B 4.88 vs peer median 2.62.
- GrowthStrong
Profit +51.6% a year over 3 years.
- ProfitabilityWeak
ROE 6.7% vs peer median 18.7%.
- Balance sheetn/a
Asset quality (bad loans) isn’t in our data.
- Red flags2 to check
Return on equity is low at 6.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,804 Cr
- Small cap
- P/E
- 68.3
- Industry 15.5
- Price to book
- 4.88
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 6.7%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹2.07
- Face value ₹1
- OPM (TTM)
- 21.1%
- Net margin 41.1%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +302.3%
- Latest quarter vs a year ago
- Price to sales
- 29.69
Strengths and risks
Strengths
- Quarterly profit up 302.3% on a year ago.
Risks to check
- Return on equity is low at 6.7%.
- Promoter stake down from 54.1% to 47.3%.
About Mufin Green Finance
Mufin Green Finance Limited, a non-banking financial company, provides financing and investing services in India. The company offers Mediclaim insurance premium financing, salary-linked loans to government employees, electric vehicles and solar ecosystem financing, and loans to corporates and MSMEs. It also provides operating or financial lease services to fleet operators for vehicles, including two-, three-, and four-wheelers, as well as charging infra…
- Headquarters
- New Delhi
- Employees
- 420
- Sector
- Financial Services
- ISIN
- INE08KJ01020
- Website
- mufingreenfinance.com
Price range
- Avg volume (3M)
- 11.3 L
- 1-year return
- plus 17.0%
- From 52-week high
- minus 2.4%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| MUFINMufin Green Finance | 141.46 | minus 1.35% | 2,804 | 68.3 | 4.88 | 6.7% | – | 51.6% | 0.00% | plus 17.0% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 48.6 | 52.6 | 55.1 | 64 | 76.5 | |
| 44.1 | 44.6 | 45.3 | 48.7 | 57.4 | |
| 4.6 | 8.1 | 9.8 | 15.3 | 19.1 | |
| 9.4% | 15.4% | 17.7% | 23.9% | 25.0% | |
| 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | |
| 0.5 | 0.7 | 0.7 | 0.7 | 0.6 | |
| 4.2 | 7.6 | 9.4 | 14.8 | 18.8 | |
| 25.5% | 26.7% | 25.4% | 25.2% | 25.5% | |
| 3.5 | 5.8 | 7 | 11.1 | 14 | |
| 0.19 | 0.33 | 0.41 | 0.63 | 0.70 |
Profit & loss
- Profit CAGR 3Y
- +51.6%
- EPS CAGR 3Y
- +41.7%
- ROE
- 6.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 33.1 | 90.3 | 178 | 202 | |
| – | +172.8% | +96.8% | +13.5% | |
| 18.9 | 70.2 | 147 | 160 | |
| 14.2 | 20.1 | 31.1 | 41.4 | |
| 42.9% | 22.3% | 17.5% | 20.5% | |
| 1.7 | 7.5 | 3.3 | 6.4 | |
| 0.1 | 0.4 | 0.7 | 0.5 | |
| 1.8 | 2.3 | 3.3 | 2.6 | |
| −3.1 | −3.6 | −4.5 | −6.7 | |
| 10.8 | 21.2 | 25.9 | 38 | |
| 24.8% | 24.4% | 25.8% | 25.6% | |
| 8.1 | 16.1 | 19.2 | 28.3 | |
| – | +97.9% | +19.8% | +46.9% | |
| 0.58 | 1.05 | 1.16 | 1.64 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 16.2 | 16.3 | 19.8 | |
| 149 | 228 | 253 | 555 | |
| 191 | 640 | 714 | 1,398 | |
| 50.8 | 41.4 | 49.8 | 55.2 | |
| 395 | 926 | 1,033 | 2,028 | |
| 2.9 | 7.2 | 6.1 | 7.2 | |
| 4.5 | 10.3 | 16.7 | 29.7 | |
| 20.1 | 274 | 158 | 402 | |
| 368 | 634 | 853 | 1,588 | |
| 395 | 926 | 1,033 | 2,028 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −175 | −359 | −153 | −695 | |
| −85.4 | −57 | 90.2 | −173 | |
| 269 | 486 | 66.7 | 925 | |
| 7.9 | 70.5 | 4.3 | 57.3 | |
| −0.2 | −2.2 | −0.9 | −4 | |
| −175 | −361 | −153 | −699 | |
| −0.4 | – | – | – |
Shareholding pattern
- Promoters47.30%
- Public52.70%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 47.30% | 52.70% | 0.00 | |
| 30 Jun 2026 | 47.30% | 52.70% | 0.00 | |
| 31 Mar 2026 | 47.30% | 52.70% | 0.00 | |
| 4 Mar 2026 | 47.30% | 52.70% | minus 6.81 | |
| 31 Dec 2025 | 54.11% | 45.89% | – |
Major shareholders
Filings & events
News
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