Mufin Green

NSE: MUFIN · Non Banking Financial Company (NBFC)

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Snapshot

Unlock Mufin Green's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mufin Green Finance Limited is a non-deposit taking NBFC focused on financing the electric vehicle ecosystem in India. The company provides loans for electric vehicles, charging infrastructure, and battery swapping solutions, alongside leasing services for fleet operators.

Business Model

The company generates revenue primarily through interest income on loans provided for electric mobility assets and lease rentals from fleet operators. It also engages in investment activities to supplement its core lending operations.

  • Incorporation Year:2016

Growth Outlook

Growth is driven by the increasing adoption of electric vehicles in India and the government's push for sustainable transport infrastructure. The company is positioned to capture market share in the niche financing segment for green mobility assets.

Key Risks

  • Credit Risk. The company faces potential losses if borrowers default on their electric vehicle or infrastructure loans.
  • Regulatory Risk. As an NBFC, the company is subject to stringent and evolving regulations by the Reserve Bank of India.
  • Concentration Risk. The business is highly dependent on the growth and stability of the electric vehicle sector in India.
  • Interest Rate Risk. Fluctuations in market interest rates may impact the company's net interest margins and cost of funds.

Price

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Key Metrics

REVENUE

₹223 Cr

TTM · consolidated

+23.0%YoY

NET PROFIT

₹27 Cr

TTM · consolidated

+39.4%YoY

EPS

₹1.62

TTM · consolidated

+37.3%YoY

RETURN ON EQUITY

7.8%

TTM · consolidated

+0.1 ppYoY

P/E

78.6x

Q4 FY26 · consolidated

78.6 vs 82.8x5Y avg

NET PROFIT MARGIN

17.1%

Q4 FY26 · consolidated

+10.1 ppYoY

Peers · Non Banking Financial Company (NBFC)

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mufin GreenMUFIN
1,75678.5723.0%7.8%+36.2%
SG FinserveSGFIN
2,48728.4194.1%11.3%+57.2%
PTC India FinPFS
1,7386.04-18.8%11.3%-30.0%
Arman FinancialARMANFIN
1,55736.39-11.5%6.4%+18.2%
Ugro CapitalUGROCAP
1,4309.8326.5%5.0%-46.8%
Mrugesh TradingMRUTR
1,17044.751.1%2.1%

As of Q4 FY26

Financials