2:1 bonus share, 2:1 stock split & 2,200 per cent multibagger returns: This electric vehicle (EV) loan provider company reports stellar results; details inside
From Rs 5.16 per share to Rs 119.35 per share, the stock gave multibagger returns of 2,200 per cent in just 3 years.
Today, shares of Mufin Green Finance Ltd gained 1.96 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 170 per cent in just 1 year whereas BSE Small-Cap Index is up by 57 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 1,700 crore and an impressive 177 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.
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From Rs 5.16 per share to Rs 119.35 per share, the stock gave multibagger returns of 2,200 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.
Disclaimer: The article is for informational purposes only and not investment advice.
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