Multibagger Stock Approves 2:1 Bonus Shares, Scrip Up 1600% In 3 Years

Mufin Green Finance is a small-cap NBFC that recorded a market cap of Rs 624.37 Cr in Friday's closing session. A well-known NBFC that offers loans for electric vehicles is Mufin Green Finance. The company has approved bonus shares in a 2:1 ratio and in order to determine the eligibility of the shareholders for the purpose of the same the Board of Directors of the company has finalized record date.

"In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we have to inform you that Mufin Green Finance Limited ("the Company") has fixed the Record date as Friday, 07th July, 2023 in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 2:1 (i.e., Two Equity Shares of Rs. 1/- each fully paid up for every one Equity Shares of Rs. 1/- each fully paid up held as on the record date decided for this purpose)," said Mufin Green Finance in a stock exchange filing.

The company recorded a net income of Rs 13.60 Cr during March 2023 quarter up by 21.87% YoY from Rs 11.15 Cr during March 2022 quarter. Its net profit reached Rs 2.65 Cr during Q4FY23 up by 341.44% YoY from a net loss of Rs 1.10 Cr in Q4FY22.

The firm recorded a total income of Rs. 35.30 crores for the fiscal year that ended on March 31, 2023, up from Rs. 15.27 crores for the fiscal year that ended on March 31, 2022, a 131.06% YoY jump. Its net profit dropped by 25.41% YoY to Rs 8.11 Cr in 12MFY23 from Rs 10.88 Cr in 12MFY22.

On Friday, the shares of Mufin Green Finance closed on the BSE at Rs 124.05 apiece down by 1.86% from the previous close of Rs 126.40. The stock made a 52-week-high of Rs 143.40 on (25/01/2023) and a 52-week-low of Rs 44.38 on (23/06/2022), indicating that at the current market price, the stock is trading 13.49% below the 1-year high and 179.51% above the 1 year low.

The stock price climbed from Rs 9.48 to the current market price during the past five years, generating a multibagger return of 1,028.18%. The stock price jumped from Rs 7.87 to the current market price during the past three years, resulting in a multibagger return of 1,672.86%. The stock price soared from Rs 50.88 to the current market price during the course of the past year, resulting in a multibagger return of 160.71%. The stock has surged 6.30% YTD so far in 2023. During Q4FY23, Mufin Green Finance reported promoters' shareholding of 58.19%, DIIs stake of 14.12% and public stake of 27.69%.