MUFIN

Mufin Green Finance Limited

Digital finance platform for mediclaim, loans and retail credit

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

mufingreenfinance.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹138.35
Market cap
2,730 Cr
Stock P/E
72.1
P/B
4.77
ROE (FY26)
4.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mufin Green Finance is a non-banking finance company (NBFC) that lends against electric vehicles and solar systems and has added mediclaim insurance premium financing and salary-deduction loans to state government employees.

Company snapshot

28thBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income13 Cr14 Cr15 Cr17 Cr18 Cr19 Cr17 Cr21 Cr21 Cr21 Cr26 Cr35 Cr
Other income0.0029 Cr0.04 Cr0.57 Cr0.37 Cr0.14 Cr0.39 Cr0.13 Cr0.12 Cr0.17 Cr0.02 Cr0.11 Cr0.28 Cr
Net operating income13 Cr14 Cr16 Cr17 Cr18 Cr19 Cr17 Cr22 Cr21 Cr21 Cr26 Cr35 Cr
Employee cost3 Cr4 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 Cr6 Cr6 Cr6 Cr6 Cr
Other expenses2 Cr2 Cr3 Cr3 Cr6 Cr7 Cr9 Cr11 Cr10 Cr7 Cr4 Cr8 Cr
Provisions & contingencies————————————
Depreciation0.34 Cr0.67 Cr0.96 Cr0.82 Cr0.83 Cr0.83 Cr0.83 Cr0.51 Cr0.70 Cr0.69 Cr0.75 Cr0.61 Cr
Profit before tax5 Cr6 Cr5 Cr6 Cr8 Cr8 Cr4 Cr4 Cr8 Cr9 Cr15 Cr19 Cr
Tax %25.4%25.4%20.9%26.0%29.1%26.2%18.3%25.5%26.7%25.4%25.2%25.5%
Net profit4 Cr5 Cr4 Cr4 Cr6 Cr6 Cr3 Cr3 Cr6 Cr7 Cr11 Cr14 Cr
EPS (₹)₹0.27₹0.30₹0.26₹0.27₹0.35₹0.35₹0.21₹0.25₹0.33₹0.41₹0.63₹0.71

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2024Mar 2025Mar 2026TTM
Net Interest Income53 Cr70 Cr87 CrSign in free for the trailing twelve months
Other income0.64 Cr1 Cr0.42 CrSign in free for the trailing twelve months
Net operating income54 Cr71 Cr87 CrSign in free for the trailing twelve months
Employee cost17 Cr25 Cr25 CrSign in free for the trailing twelve months
Other expenses10 Cr26 Cr18 CrSign in free for the trailing twelve months
Provisions & contingencies———Sign in free for the trailing twelve months
Depreciation2 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax21 Cr26 Cr38 CrSign in free for the trailing twelve months
Tax %24.4%25.8%25.6%Sign in free for the trailing twelve months
Net profit16 Cr19 Cr28 CrSign in free for the trailing twelve months
EPS (₹)₹1.05₹1.18₹1.64Sign in free for the trailing twelve months
Dividend payout %0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr20 Cr
Reserves228 Cr253 Cr555 Cr
Borrowings640 Cr714 Cr1,398 Cr
Other liabilities41 Cr50 Cr55 Cr
Total liabilities926 Cr1,033 Cr2,028 Cr
Fixed assets (net)0.46 Cr0.83 Cr4 Cr
CWIP0 Cr—0 Cr
Investments5 Cr5 Cr165 Cr
Loans & advances619 Cr827 Cr1,530 Cr
Trade receivables0 Cr11 Cr0 Cr
Cash & bank88 Cr92 Cr149 Cr
Other assets213 Cr97 Cr179 Cr
Total assets926 Cr1,033 Cr2,028 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2024Mar 2025Mar 2026
Cash from operating activity-359 Cr-153 Cr-695 Cr
Cash from investing-57 Cr90 Cr-173 Cr
Cash from financing486 Cr67 Cr925 Cr
Net cash flow71 Cr4 Cr57 Cr
Free cash flow (OCF − Capex)-361 Cr-153 Cr-699 Cr

Ratios

MetricMar 2024Mar 2025Mar 2026
ROE %6.6%7.3%4.9%
Debt / equity2.622.652.43