2:1 bonus share, 2:1 stock split & 1,965 per cent multibagger returns: This electric vehicle (EV) loan provider stock hit the upper circuit on June 06

The stock gave multibagger returns of 155 per cent in just 1 year whereas the BSE Small-Cap Index is up by 54 per cent.

Today, shares of Mufin Green Finance Ltd were locked in a 5 per cent to an intraday high of Rs 119.35 per share from its previous closing of Rs 117.05. 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 155 per cent in just 1 year whereas the BSE Small-Cap Index is up by 54 per cent.

Mufin Green Finance is a company that provides financial solutions to underserved communities in India. They focus on climate financing solutions, such as loans for electric vehicles. Their mission is to create financial opportunities and a more sustainable planet. Mufin Green Finance, an investment firm offering advisory, asset management, and financial planning services, boasts a market cap of over Rs 1,600 crore and an impressive 167 per cent CAGR profit growth over 3 years.

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 March 2023, the promoter group of the company were allocated 9,30,000 equity shares, representing a 0.57 per cent stake in the company on the conversion of warrants.

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From Rs 5.26 per share to Rs 108.65 per share, the stock gave multibagger returns of 1,965 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.