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HomeSTOCKSDuring The Afternoon, EV-related Share Hit Upper Circuit; Huge Returns Expected

During The Afternoon, EV-related Share Hit Upper Circuit; Huge Returns Expected

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Mufin Green Finance Ltd (NSE: MUFIN): Mufin Green Finance Ltd on Tuesday Sensex was working at 73,095.22 points, which was up by 305.09 points, and Nifty was trading at a level of 22,198.35 points. This was an increase of 76.30 points.

In the course of trading, shares of Kolkata’s EV Finance company Mufin Green Finance Limited had reached an upper circuit of 5 percent and was operating at the rate of 224 rupees.

The shares of the electric car finance firm Mufin Green Finance Limited have declined in the last five days. 

However, over the last month, its shares of Mufin GFL have given a return of 2.26 percent to investors.

In the past six months, the Mufin Green Finance shares have increased by 70 percent from the previous amount of Rs 134 to the current level of 224. 

The 52-week high of Muffin Green Finance share is 274 with an estimated market value of 3580 crores and the 52-week low is at just Rs 108.

Experts who are familiar with Muffin Green Finance shares say that, due to its growing involvement in the field of electric vehicles the shares of the company are predicted to earn outstanding returns in the near time. 

To earn money by purchasing shares purchase Muffin Green Finance Limited shares. Muffin Green Finance Limited in the event of a dip.

Muffin Green Finance shares have delivered 1200 percent to investors in the last two years. 

Mufin Green Company had approved the plan to raise funds of around 17.50 crore via non-convertible debentures on an individual basis.

About Mufin Green Finance Ltd

Mufin Green Finance is India’s only listed NBFC that focuses 100 percent on EV finance. They have financed more than 300Cr worth of EV assets in the past two years with a capital base of 150Cr, a history of disbursements of 250Cr, and EV vehicles.

The company’s commitment to sustainability and financial inclusion has helped us become one of the leading EV finance providers in the country.

Their operating territory is spread over 14 states. The company has a market share of 7-8% for Erickshaw Financing.

The company’s goal is to revolutionize India’s EV industry by providing customized financing solutions that meet the specific needs of this segment.

They have already disbursed more than INR 300 crores towards electric vehicles, making a tangible difference to the health of our planet.

Fundamental Analysis of Mufin Green Finance Ltd

Market Cap₹ 3,388 Cr.
Current Price₹ 224
52-wk High₹ 274.40
52-wk Low₹ 108.05
Stock P/E308.97
Book Value₹ 10.7
Dividend0.00 
ROCE7.00 %
ROE6.40 %
Face Value₹ 1.00
P/B Value21.0
OPM66.7 %
EPS₹ 0.97
Debt₹ 399 Cr.
Debt to Equity2.48

Mufin Green Finance Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 250₹ 289
2025₹ 300₹ 321
2026₹ 326₹ 335
2027₹ 350₹ 380
2028₹ 400₹ 436
2029₹ 450₹ 487
2030₹ 500₹ 543
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Mufin Green Finance Ltd Shareholding Pattern

Promoters Holding
Mar 202358.19%
June 202358.19%
Sept 202358.18%
Dec 202358.18%
Feb 202455.37%
FII Holding
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Feb 20240.01%
DII Holding
Mar 202314.12%
June 202314.12%
Sept 202314.12%
Dec 202314.12%
Feb 202413.44%
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Public Holding
Mar 202327.69%
June 202327.70%
Sept 202327.68%
Dec 202327.70%
Feb 202431.18%

Mufin Green Finance Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3 Cr
2020₹ 2 Cr
2021₹ 23 Cr
2022₹ 15 Cr
2023₹ 79 Cr

Last 5 Years’ Net Profit:

2019₹ 3 Cr
2020₹ -6 Cr
2021₹ 20 Cr
2022₹ 11 Cr
2023₹ 15 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200.15
20210
20220
20231.47

Last 10 Years’ Profit Growth:

10 Years:
5 Years:141%
3 Years:49%
Current Year:236%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:9%
3 Years:13%
Last Year:6%

Sales Growth Over 10 Years:

10 Years:
5 Years:194%
3 Years:175%
Current Year:143%

Conclusion

This article is a complete guide about Mufin Green Finance Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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