Mufin Green Finance Limited (MUFIN) AI Stock Analysis

Mufin Green Finance Limited

(NSE:MUFIN)

Select Model

Rating:65Neutral

Price Target:INR 149.00▲(9.50% Upside)

Action:reiterated

Date:08/25/26

Financial performance drives the score with strong growth but leverage and cash flow risks; positive technical momentum provides support while high valuation limits upside.

Positive Factors

Strong revenue growthRapid multi-year revenue expansion indicates strong scaling of the lending platform and increasing loan origination or portfolio activity. Sustained growth can improve operating leverage and strengthen the company’s position in targeted credit markets.

Negative Factors

Elevated leverageHigh leverage makes the lender more sensitive to borrowing costs, refinancing conditions and credit-cycle deterioration. It can constrain strategic flexibility and increase balance-sheet risk if portfolio performance weakens or external funding becomes less available.

Mufin Green Finance Limited (MUFIN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 26.32B
Dividend Yield: ―
Average Volume (3M): 48.64K
Price to Earnings (P/E): 64.1
Beta (1Y): 1.35
Revenue Growth: 29.63%
EPS Growth: 83.95%
Country: India
Employees: 420
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

Mufin Green Finance Limited Business Overview & Revenue Model

Company Description

Mufin Green Finance Limited functions as a specialized non-deposit accepting non-banking financial company (NBFC) within India. Its core business involves offering various lending products specifically tailored for the burgeoning electric mobility se...

How the Company Makes Money

MUFIN primarily makes money through its lending operations as an NBFC. Its core revenue stream is interest income earned on loans it originates and holds on its books (for example, financing tied to EVs or other mobility/asset purchases where applica...

Mufin Green Finance Limited Financial Statement Overview

Summary

Strong revenue growth averaging over 100% YoY offset by margin compression, rising debt-to-equity at 2.43, and negative operating cash flows.

Income Statement

78Positive

Balance Sheet

62Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.50B	2.11B	1.78B	902.71M	330.88M	152.56M
Gross Profit	1.02B	853.87M	466.63M	295.43M	190.70M	149.00M
EBITDA	531.66M	406.09M	299.31M	239.51M	127.31M	128.38M
Net Income	378.57M	282.63M	192.43M	160.62M	81.17M	108.82M
Balance Sheet
Total Assets	0	20.28B	10.33B	9.26B	3.95B	1.03B
Cash, Cash Equivalents and Short-Term Investments	0	2.19B	1.50B	2.74B	201.48M	192.34M
Total Debt	0	13.98B	7.14B	6.40B	1.91B	0
Total Liabilities	-5.75B	14.53B	7.64B	6.81B	2.42B	12.87M
Stockholders Equity	5.75B	5.75B	2.70B	2.44B	1.54B	1.02B
Cash Flow
Free Cash Flow	-1.75B	-160.42M	-1.53B	-3.61B	-1.75B	-591.17M
Operating Cash Flow	-1.73B	-120.49M	-1.53B	-3.59B	-1.75B	-584.25M
Investing Cash Flow	-549.50M	-8.54B	902.05M	-570.15M	-854.28M	674.09M
Financing Cash Flow	1.84B	9.25B	666.50M	4.86B	2.69B	-2.03M

Mufin Green Finance Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MUFIN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SATIN	73Outperform	INR 26.27B	4.93	―	―	19.64%	296.19%
IN:MUFIN	65Neutral	INR 26.34B	64.15	―	―	29.63%	83.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MONEYBOXX	52Neutral	INR 3.08B	181.53	―	―	5.87%	―
IN:FUSION	41Neutral	INR 20.84B	12.40	―	―	-17.20%	―
IN:MUTHOOTMF	40Underperform	INR 23.02B	22.78	―	―	5.19%	―
IN:SPANDANA	37Underperform	INR 16.73B	-4.45	―	―	-46.58%	78.01%

* General Sector Average

Performance Comparison

IN:MUFIN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MUFIN	Mufin Green Finance Limited	132.90	13.25	11.07%
IN:FUSION	Fusion Finance Ltd	129.20	-57.80	-30.91%
IN:MUTHOOTMF	Muthoot Microfin Ltd	135.00	-37.00	-21.51%
IN:SATIN	Satin Creditcare Network Ltd	238.80	84.85	55.12%
IN:SPANDANA	Spandana Sphoorty Financial Ltd.	188.70	-60.25	-24.20%
IN:MONEYBOXX	MoneyBoxx Finance Ltd.	44.15	-36.73	-45.41%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 25, 2026

Mufin Green Finance Limited AI Stock Analysis