2:1 bonus share, 2:1 stock split & 1,860 per cent multibagger returns: Stock under Rs 110 jumps over 10 per cent; Do you own it?

The stock gave multibagger returns of 210 per cent in just 2 years whereas the BSE Sensex Index is up by 36 per cent.

Today, the shares of Mufin Green Finance Ltd gained over 10 per cent to Rs 103.90 per share from its previous closing of Rs 94.35 per share. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 92.85 per share. The stock gave multibagger returns of 210 per cent in just 2 years whereas the BSE Sensex Index is up by 36 per cent. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces. 

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 2,170 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.

According to standalone Quarterly Results, the net sales increased by 111.3 per cent to Rs 37.02 crore and net profit increased by 34 per cent to Rs 4.62 crore in Q1FY25 compared to Q1FY24. In its consolidated quarterly results, the company reported net sales of Rs 36.98 crore and a net profit of Rs 4.39 crore in Q1FY25. 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. 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 5.30 per share to Rs 103.90 per share, the stock gave multibagger returns of 1,860 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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