6,240 per cent returns: Multibagger NBFC stock in green after the company reported stellar quarterly results; EBITDA zooms 334 per cent to Rs 19.66 crore
From Rs 3.95 per share to Rs 250.45 per share, the stock gave multibagger returns of 6,240 per cent in 3 years.
The stock market was trading in green with BSE Sensex Index and NSE Nifty-50 Index surging 0.04 per cent and 0.02 per cent respectively. On the broader market, the BSE Mid-Cap Index surged 0.0.76 and the BSE Small-Cap Index gained 1.22 per cent.
Along with the market in green, shares of Mufin Green Finance Ltd gained 4.94 per cent to an intraday high of Rs 250.45 per share from its previous closing of Rs 238.65. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 34.19 per share. The stock gave multibagger returns of 470 per cent in just 1 year whereas BSE Small-Cap Index is up by 63 per cent.
Mufin Green Finance Limited operates as an investment firm. The company offers investment advisory, asset management, capital preservation, and financial planning services. The company has a market capitalization of Rs 3,780 crore and has delivered good profit growth of 141 per cent CAGR over the last 5 years.
The company announced stellar Quarterly Results (Q3FY24) which caused the sudden rise in the stock price. The net sales increased by 155 per cent to Rs 27.18 crore, the operating profit (EBITDA) increased by 334 per cent to Rs 19.66 crore and the net profit increased by 98.7 per cent to Rs 4.55 crore in Q3FY24 compared to Q3FY23. The company reported net sales of Rs 65.74 crore and net profit of Rs 12 crore in 9MFY24.
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Earlier, Mufin Green Finance is set to acquire a 45.32 per cent stake and full control of LKP Finance from its promoters and associated entities, including individuals like Mr Mahendra Doshi and companies like Bhavana Holdings. This move involves purchasing 56,96,312 shares and launching an open offer, subject to regulatory approvals.
From Rs 3.95 per share to Rs 250.45 per share, the stock gave multibagger returns of 6,240 per cent in 3 years. In the past three years, the company has implemented three corporate actions: a final dividend of Rs 0.2 per share on September 2nd, 2022, a 2:1 stock split on April 13, 2023, and a 2:1 bonus share issuance on July 02, 2023. These actions have increased the number of outstanding shares and potentially impacted the company's stock price and financial ratios.
Disclaimer: The article is for informational purposes only and not investment advice.
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