4,900 per cent multibagger returns: Along with the stock market in green, This stock under Rs 125 surges over 7 per cent; PAT jumps over 40 per cent YoY
From Rs 2.40 per share to Rs 120.10 per share, the stock gave multibagger returns of 4,900 per cent in just 5 years.
On Monday, the Indian stock market witnessed a bullish trend, with both the benchmark indices, BSE Sensex and NSE Nifty 50, gaining over 1 per cent. The broader indices, BSE Mid-Cap and BSE Small-Cap, also recorded impressive gains of over 1.7 per cent each.
Amidst this positive market sentiment, shares of Mufin Green Finance Ltd emerged as one of the Top Gainers on the NSE, surging 7.15 per cent to Rs 120.10 per share. This significant price appreciation positioned the stock as one of the top gainers on the NSE. While the stock's 52-week high stands at Rs 274.40 and its 52-week low at Rs 90.65, its remarkable 3-year return of 1,661 per cent far outpaced the BSE Small-cap Index's 91 per cent gain during the same period, highlighting its impressive multibagger performance.
Mufin Green Finance tackles social and environmental issues in India by providing financial solutions, like electric vehicle loans, to underserved communities. This focus on financial inclusion and sustainability goes hand-in-hand with their strong financial performance, boasting a market cap of Rs 1,883 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.
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According to Quarterly Results, the net sales increased by 120 per cent to Rs 46.21 crore and net profit increased by 41 per cent to Rs 5.67 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 116 per cent to Rs 83.19 crore and net profit increased by 35 per cent to Rs 10.06 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales increased by 184 per cent to Rs 97.60 crore and net profit increased by 98 per cent to Rs 16.06 crore in FY24 compared to FY23.
From Rs 2.40 per share to Rs 120.10 per share, the stock gave multibagger returns of 4,900 per cent in just 5 years. Over the past three years, the company has undergone three corporate actions: a Rs 0.2 per share final dividend on September 2, 2022, a 2:1 stock split on April 13, 2023, and a 2:1 bonus share issuance on July 2, 2023. These actions have increased the share count. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.