Mufin Green Finance is a Non-Banking Financial Company (NBFC) registered with Reserve Bank of India and is carrying on the business of Investment into shares, stocks, securities, and providing loans of all kinds. The company recently announced a bonus issue of shares. At 10:18 AM on Wednesday, its shares were trading at ₹ 132.75 apiece on the Bombay Stock Exchange (BSE).
The company’s board approved the issue of bonus shares in the ratio of 2:1 and fixed the Record Date for the same as 7th July 2023. Therefore, shareholders will receive two bonus equity shares for every equity share that they hold in the company, as of the record date.
In the past two years, the company’s share price rallied by 792% from ₹ 14.88 to ₹ 132.75, delivering multibagger returns. If an investor had invested ₹ 1 lakh in the company’s shares two years ago, the value of their holdings would have been ₹ 8.92 lakhs today!
Mufin Green Finance is a micro-cap company with a market capitalization of ₹ 658 crores. It has a low return on equity of 6.36%. Its shares were trading at a price-to-earnings ratio (P/E) of 89.79, which is significantly higher than the industry P/E of 11.33, indicating that the stock might be overvalued as compared to its peers. The company’s promoters hold a 58.18% stake in it, while retail investors and others hold 41.82%.
In the January to March quarter of 2023(Q4FY23), the company’s net profit stood at ₹2.65 Cr as against a net loss of ₹1.10 recorded during the corresponding quarter of the previous year (Q4FY22). Its net income came in at ₹ 13.60 crores in Q4FY23, up 21.94% as compared to ₹ 11.15 crores in Q4FY22.
For the entire year, it reported a total income of ₹ 35.30 crores, up 131.17% as compared to ₹ 15.27 crores in the previous year. During the year ended FY2023 its net profit stood at ₹8.11 Cr down by 25.46% YoY from ₹10.88 Cr in FY2022.
Written By Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
