Mufin Green Finance Limited (MUFIN) AI Stock Analysis

• Market Cap: ₹20.06B
• Dividend Yield: N/A
• Average Volume (3M): 42.44K
• Price to Earnings (P/E): 103.5
• Beta (1Y): 1.04
• Revenue Growth: 40.11%
• EPS Growth: -5.31%
• Country: IN
• Employees: 481
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Credit Services
• EPS (TTM): 0.33
• Shares Outstanding: 173,231,430
• 10 Day Avg. Volume: 36,608
• 30 Day Avg. Volume: 42,443
• PEG Ratio: 4.17
• Price to Book (P/B): 4.33
• Price to Sales (P/S): 6.46
• P/FCF Ratio: -7.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹128.00 ▲(11.11% Upside)

Mufin Green Finance Limited's stock score is primarily driven by strong technical momentum, despite overbought signals, and solid financial performance marked by revenue growth and operational efficiency. However, high debt levels, negative cash flow, and a high P/E ratio suggest caution due to potential financial risks and overvaluation.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates a successful business model in the green finance sector, supporting long-term expansion and market penetration.

Operational Efficiency

Strong EBIT and EBITDA margins suggest effective cost management and operational efficiency, enhancing profitability and competitiveness in the long term.

Market Position

By specializing in green finance, MUFIN positions itself in a growing market segment, benefiting from increasing demand for sustainable development projects.

Negative Factors

High Debt Levels

High reliance on debt financing can pose risks to financial stability, potentially affecting the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative operating cash flow indicates challenges in generating cash from core operations, which could pressure liquidity and limit financial flexibility.

Net Profit Margin

A lower net profit margin due to high operating expenses can reduce overall profitability, impacting the company's ability to reinvest in its business.

Mufin Green Finance Limited Business Overview & Revenue Model

Company Description

Mufin Green Finance Limited (MUFIN) is a financial services company focused on providing innovative green financing solutions to promote sustainable development. Operating primarily in the renewable energy, energy efficiency, and eco-friendly infrastructure sectors, MUFIN offers a range of products including green loans, investment advisory services, and financial consultancy for projects aimed at reducing carbon footprints and promoting environmental sustainability.

How the Company Makes Money

MUFIN generates revenue through multiple streams, primarily by offering green loans with competitive interest rates to businesses and individuals investing in sustainable projects. The company also earns fees from advisory services provided to clients seeking to develop green initiatives, such as renewable energy projects or energy-efficient upgrades. Additionally, MUFIN may partner with governmental and non-governmental organizations to access grants or subsidies for projects, further enhancing its revenue potential. Strategic partnerships with financial institutions and impact investors also contribute to its funding sources, allowing MUFIN to leverage additional capital for its lending activities.

Mufin Green Finance Limited Financial Statement Overview

Summary

Mufin Green Finance Limited demonstrates strong revenue growth and operational efficiency with solid EBIT and EBITDA margins. However, the high reliance on debt and negative cash flow from operations pose financial risks.

Income Statement

Mufin Green Finance Limited has shown strong revenue growth over the years, with a significant increase from 2024 to 2025. The gross profit margin remains healthy, indicating effective cost management. However, the net profit margin is somewhat lower due to high operating expenses relative to revenue. The EBIT and EBITDA margins are strong, reflecting solid operational efficiency.

Balance Sheet

The company has a high debt-to-equity ratio, indicating a significant reliance on debt financing, which might pose a risk in terms of financial stability. However, the equity ratio is decent, showing a fair amount of shareholder equity relative to total assets. Return on equity is strong, demonstrating effective utilization of equity financing.

Cash Flow

Operating cash flow has been negative, suggesting challenges in generating cash from operations. However, free cash flow has improved somewhat over the years, though it remains negative, indicating potential pressure on liquidity. The ratios of operating and free cash flow to net income indicate inefficiencies in cash generation relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.93B	1.78B	902.71M	330.88M	152.56M	54.91M
Gross Profit	517.96M	466.63M	295.43M	190.70M	149.00M	50.78M
EBITDA	245.04M	299.31M	239.51M	127.31M	128.38M	225.78M
Net Income	186.11M	192.43M	160.62M	81.17M	108.82M	198.74M
Balance Sheet
Total Assets	0.00	10.33B	9.26B	3.95B	1.03B	927.13M
Cash, Cash Equivalents and Short-Term Investments	0.00	1.50B	2.74B	201.48M	192.34M	33.66M
Total Debt	0.00	7.14B	6.40B	1.91B	3.44M	4.31M
Total Liabilities	-2.69B	7.64B	6.81B	2.42B	12.87M	19.88M
Stockholders Equity	2.69B	2.70B	2.44B	1.54B	1.02B	907.24M
Cash Flow
Free Cash Flow	0.00	-1.53B	-3.61B	-1.75B	-591.17M	22.97M
Operating Cash Flow	0.00	-1.53B	-3.59B	-1.75B	-584.25M	22.97M
Investing Cash Flow	0.00	902.05M	-570.15M	-854.28M	674.09M	78.26M
Financing Cash Flow	0.00	666.50M	4.86B	2.69B	-2.03M	-102.89M

Mufin Green Finance Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MUFIN, the sentiment is Positive. The current price of 115.2 is above the 20-day moving average (MA) of 110.51, above the 50-day MA of 108.22, and above the 200-day MA of 87.84, indicating a bullish trend. The MACD of 1.87 indicates Negative momentum. The RSI at 63.88 is Neutral, neither overbought nor oversold. The STOCH value of 85.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MUFIN.

Mufin Green Finance Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MUFIN	66 Neutral	₹20.06B	103.54	―	―	40.11%	-5.31%
EMKAY	64 Neutral	₹6.72B	29.68	―	0.57%	-19.22%	-65.09%
CREST	63 Neutral	₹11.13B	21.52	―	0.25%	-9.89%	-42.10%
SATIN	63 Neutral	₹15.50B	11.51	―	―	11.09%	-66.54%
ROHLTD	61 Neutral	₹10.81B	23.43	―	0.62%	10.77%	-4.40%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
DHUNINV	55 Neutral	₹7.61B	44.44	―	0.24%	-29.04%	-78.51%

Mufin Green Finance Limited Corporate Events

Mufin Green Finance Expands Capital Through Debentures and Employee Stock Options

Mufin Green Finance Limited announced the approval of issuing non-convertible debentures worth INR 50 crore on a private placement basis, along with the allotment of 276,251 equity shares to employees under the MGFL Employee Stock Option Plan 2023. This move increases the company’s paid-up share capital, reflecting its commitment to rewarding employees and raising funds for future growth, potentially enhancing its market position and stakeholder value.

Mufin Green Finance Announces Q3 2025 Unaudited Financial Results

Mufin Green Finance Limited has announced the publication of its unaudited financial results for the quarter ending September 30, 2025. The results were published in compliance with regulatory requirements in the ‘Financial Express’ and ‘Jansatta’ newspapers. This announcement is part of the company’s ongoing transparency and disclosure practices, which are crucial for maintaining investor confidence and regulatory compliance.

Mufin Green Finance Limited Submits SEBI Compliance Certificate

Mufin Green Finance Limited has submitted a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending September 30, 2025. This move signifies the company’s compliance with regulatory requirements, potentially enhancing its credibility and trust among stakeholders in the financial market.

Mufin Green Finance to Hold AGM via Video Conferencing

Mufin Green Finance Limited has announced that its 9th Annual General Meeting will be conducted through video conferencing or other audio-visual means, as per the regulatory requirements set by the Securities and Exchange Board of India and the Ministry of Corporate Affairs. This move ensures compliance with current regulations and facilitates shareholder participation in the meeting, reflecting the company’s commitment to maintaining transparency and accessibility in its operations.