1,590 per cent returns & FIIs bought 6,27,068: Multibagger EV loan provider raises Rs 30 crore through NCD issue; details inside!

In Q1FY25, FIIs bought 6,27,068 shares and increased their stake to 0.49 per cent compared to 0.11 per cent in March 2024.

Mufin Green Finance Limited has successfully raised Rs 30 crore by issuing 300 non-convertible debentures (NCDs) worth Rs 1 crore each to two investors, AAV Sarl and Masala Investment Sarl. These secured, redeemable NCDs carry an 11.75 per cent annual interest rate, payable semi-annually, and will mature in instalments between 2027 and 2031. The company has secured the debentures by hypothecating its book debts.

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 exceeding Rs 1,700 crore and a remarkable 155 per cent three-year compounded annual growth rate in profits.

On Friday, shares of Mufin Green Finance Ltd plunged 1.77 per cent to Rs 113.55 per share from its previous closing of Rs 115.60. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 35 per share. The stock gave multibagger returns of 160 per cent in just 1 year whereas the BSE Small-Cap Index is up by 58 per cent.

According to Quarterly Results, the net sales increased by 139 per cent to Rs 32.21 crore and net profit increased by 52.3 per cent to Rs 4.05 crore in Q4FY24 compared to Q4FY23. In 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. In Q1FY25, FIIs bought 6,27,068 shares and increased their stake to 0.49 per cent compared to 0.11 per cent in March 2024.

From Rs 6.71 per share to Rs 115.6 per share, the stock gave multibagger returns of over 1,600 per cent in just 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 2, 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. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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