Mufin Green Finance Ltd (MUFIN) — share price & stock analysis
Profits are up 75% in two years, the price has kept pace — no more, no less, and it still trades cheap against its own history.
Mufin Green Finance Ltd (MUFIN) trades at ₹134 as of 1 July 2026, up 55% over the past year — beating NIFTY 500 for 43 weeks. The machine reads this as mixed story, cheap vs history: profits are up 75% in two years, the price has kept pace — no more, no less, and it still trades cheap against its own history. It trades at a P/BV of 4.6× (the lowest of its own range); the price is in Stage 2 — advancing, 36 weeks in. Fundamentals-momentum score: 57/100 (mixed).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹2,655 Cr
- P/BV
- 4.62×
- ROE
- 6.7%
- vs own history (since 2024)
- lowest ever
- Book value / share
- ₹29.0
- EPS (TTM)
- ₹1.43
- 10-yr median P/BV
- 5.9×
- Weinstein stage
- Stage 2 (36 weeks)
- Data as of
- 1 July 2026
2 of the 4 things we track are currently moving the right way — most of the dashboard is turning up.
Where the levels actually stand: ROE 7% — below what a bank must earn to create value. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, lending and bad loans count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).
What the earnings deliver, the price follows
Since May 2024, the stock is up 18% and earnings per share are up 40% — the price has tracked the profits, not run ahead of them.pricettm_eps
The market is paying for delivery, not promises. What you see in earnings is what you get in the price.
Today’s P/BV of 4.6× is about the cheapest this stock has ever traded against its own history since 2024.pb_ratio
Data: Price, EPS and valuation (sampled — full series in the embedded dataset)
| Period | Price (₹) | EPS (TTM) (₹) | P/BV (×) |
|---|---|---|---|
| May 24 | 125 | – | – |
| May 24 | 114 | 1.0 | 7.5 |
| Jun 24 | 128 | 1.0 | 8.5 |
| Jun 24 | 119 | 1.0 | 7.9 |
| Jul 24 | 116 | 1.0 | 7.7 |
| Jul 24 | 114 | 1.0 | 7.5 |
| Aug 24 | 127 | 1.0 | 8.4 |
| Aug 24 | 135 | 1.1 | 9.0 |
| Sep 24 | 125 | 1.1 | 8.3 |
| Sep 24 | 117 | 1.1 | 7.8 |
| Oct 24 | 110 | 1.1 | 6.9 |
| Oct 24 | 108 | 1.1 | 6.8 |
| Nov 24 | 115 | 1.1 | 7.2 |
| Nov 24 | 108 | 1.2 | 6.8 |
| Nov 24 | 124 | 1.2 | 7.8 |
| Dec 24 | 118 | 1.2 | 7.4 |
| Dec 24 | 106 | 1.2 | 6.7 |
| Jan 25 | 99.5 | 1.2 | 6.2 |
| Jan 25 | 97.7 | 1.2 | 6.1 |
| Feb 25 | 90.7 | 1.2 | 5.7 |
| Feb 25 | 72.5 | 1.3 | 4.6 |
| Mar 25 | 84.9 | 1.3 | 5.3 |
| Mar 25 | 73.3 | 1.3 | 4.6 |
| Apr 25 | 68.9 | 1.3 | 4.6 |
| Apr 25 | 68.5 | 1.3 | 4.5 |
| May 25 | 74.4 | 1.3 | 4.9 |
| May 25 | 82.6 | 1.3 | 5.5 |
| May 25 | 76.9 | 1.2 | 5.1 |
| Jun 25 | 75.1 | 1.2 | 5.0 |
| Jun 25 | 73.5 | 1.2 | 4.9 |
| Jul 25 | 92.0 | 1.2 | 6.1 |
| Jul 25 | 88.7 | 1.2 | 5.9 |
| Aug 25 | 88.1 | 1.2 | 5.8 |
| Aug 25 | 88.1 | 1.1 | 5.8 |
| Sep 25 | 83.8 | 1.1 | 5.6 |
| Sep 25 | 89.8 | 1.1 | 6.0 |
| Oct 25 | 88.4 | 1.1 | 4.8 |
| Oct 25 | 96.9 | 1.1 | 5.3 |
| Oct 25 | 118 | 1.1 | 6.4 |
| Nov 25 | 109 | 1.1 | 5.9 |
| Nov 25 | 111 | 1.1 | 6.0 |
| Dec 25 | 111 | 1.1 | 6.0 |
| Dec 25 | 115 | 1.1 | 6.2 |
| Jan 26 | 117 | 1.1 | 6.4 |
| Jan 26 | 113 | 1.1 | 6.1 |
| Feb 26 | 114 | – | 6.2 |
| Feb 26 | 117 | 1.2 | 6.4 |
| Feb 26 | 115 | 1.2 | 6.3 |
| Mar 26 | 101 | 1.2 | 5.5 |
| Mar 26 | 99.8 | 1.2 | 5.4 |
| Apr 26 | 107 | 1.2 | 3.0 |
| Apr 26 | 115 | 1.2 | 3.3 |
| May 26 | 118 | – | 3.4 |
| May 26 | 122 | 1.4 | 4.2 |
| Jun 26 | 122 | 1.6 | 3.7 |
| Jun 26 | 121 | 1.6 | 3.6 |
| Jun 26 | 123 | 1.4 | 4.2 |
| Jun 26 | 132 | 1.4 | 4.5 |
| Jun 26 | 129 | 1.4 | 4.4 |
| Jul 26 | 134 | 1.4 | 4.6 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/BV — what the market pays per rupee of book value; the dotted line is its long-run median (5.9×).
Stage 2: the trend is up, and has been for 36 weeks
STAGE 2 · ADVANCING · 36 WEEKSPrice trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 36 weeks so far, confirmed.stage
The price sits above its rising 200-day average (₹111 today) and its strength against the index is still improving — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 43 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Sep 19 | 3.2 | 3.5 | 3.5 | 4 |
| Nov 19 | 1.9 | 3.2 | 2.6 | 4 |
| Dec 19 | 2.6 | 3.0 | 2.4 | 4 |
| Feb 20 | 2.9 | 2.9 | 2.7 | 4 |
| Mar 20 | 3.0 | 2.9 | 2.8 | 4 |
| Apr 20 | 2.3 | 2.8 | 2.6 | 4 |
| Jun 20 | 2.3 | 2.7 | 2.3 | 4 |
| Jul 20 | 2.1 | 2.6 | 2.3 | 4 |
| Aug 20 | 2.7 | 2.5 | 2.4 | 4 |
| Oct 20 | 2.3 | 2.6 | 2.6 | 4 |
| Nov 20 | 2.6 | 2.5 | 2.5 | 2 |
| Jan 21 | 4.0 | 2.8 | 3.2 | 2 |
| Feb 21 | 4.2 | 3.1 | 3.8 | 2 |
| Mar 21 | 3.5 | 3.3 | 3.8 | 2 |
| May 21 | 3.8 | 3.3 | 3.7 | 2 |
| Jun 21 | 5.5 | 3.8 | 4.7 | 2 |
| Jul 21 | 7.1 | 4.5 | 6.1 | 2 |
| Sep 21 | 6.0 | 4.9 | 6.2 | 2 |
| Oct 21 | 5.4 | 5.1 | 5.8 | 2 |
| Dec 21 | 7.6 | 5.4 | 6.3 | 2 |
| Jan 22 | 11.1 | 6.6 | 9.2 | 2 |
| Feb 22 | 8.9 | 7.6 | 9.9 | 2 |
| Apr 22 | 11.1 | 8.2 | 10.2 | 2 |
| May 22 | 11.8 | 9.2 | 11.6 | 2 |
| Jul 22 | 18.7 | 10.7 | 14.3 | 2 |
| Aug 22 | 26.1 | 13.8 | 20.8 | 2 |
| Sep 22 | 22.3 | 16.2 | 22.6 | 2 |
| Nov 22 | 38.0 | 19.9 | 29.2 | 2 |
| Dec 22 | 41.9 | 24.8 | 36.5 | 2 |
| Jan 23 | 43.2 | 28.6 | 39.0 | 2 |
| Mar 23 | 39.1 | 31.8 | 40.3 | 2 |
| Apr 23 | 41.7 | 33.5 | 40.0 | 2 |
| Jun 23 | 43.5 | 35.6 | 41.5 | 2 |
| Jul 23 | 47.2 | 38.1 | 44.5 | 2 |
| Aug 23 | 44.6 | 39.6 | 44.1 | 2 |
| Oct 23 | 84.8 | 45.7 | 59.8 | 2 |
| Nov 23 | 117 | 61.6 | 95.9 | 2 |
| Dec 23 | 164 | 79.8 | 127 | 2 |
| Feb 24 | 251 | 111 | 184 | 2 |
| Mar 24 | 152 | 133 | 188 | 2 |
| May 24 | 130 | 133 | 153 | 2 |
| Jun 24 | 128 | 130 | 130 | 3 |
| Jul 24 | 114 | 127 | 121 | 4 |
| Sep 24 | 125 | 126 | 124 | 4 |
| Oct 24 | 108 | 123 | 116 | 4 |
| Nov 24 | 124 | 121 | 115 | 4 |
| Jan 25 | 99.5 | 118 | 111 | 4 |
| Feb 25 | 72.5 | 111 | 93.7 | 4 |
| Apr 25 | 68.9 | 102 | 80.5 | 4 |
| May 25 | 82.6 | 95.3 | 75.7 | 4 |
| Jun 25 | 73.5 | 90.4 | 75.7 | 4 |
| Aug 25 | 88.1 | 89.8 | 84.5 | 4 |
| Sep 25 | 89.8 | 89.5 | 87.2 | 4 |
| Oct 25 | 118 | 90.3 | 92.1 | 1 |
| Dec 25 | 111 | 95.7 | 105 | 2 |
| Jan 26 | 113 | 101 | 113 | 2 |
| Mar 26 | 108 | 104 | 114 | 2 |
| Apr 26 | 113 | 104 | 108 | 2 |
| May 26 | 124 | 108 | 115 | 2 |
| Jun 26 | 129 | 109 | 118 | 2 |
| Jul 26 | 134 | 111 | 122 | 2 |
The loan book is working — interest income jumped 30%
Mar 26 income was ₹65.0 Cr, up 30% on a year ago. A bank grows by lending more and charging well — this line is both together.revenue
Data: Quarterly interest + fee income
| Period | Income (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 23 | 21.0 | – |
| Dec 23 | 27.0 | – |
| Mar 24 | 32.0 | – |
| Jun 24 | 37.0 | – |
| Sep 24 | 46.0 | 119.0 |
| Dec 24 | 49.0 | 81.5 |
| Mar 25 | 50.0 | 56.3 |
| Jun 25 | 49.0 | 32.4 |
| Sep 25 | 53.0 | 15.2 |
| Dec 25 | 53.0 | 8.2 |
| Mar 26 | 65.0 | 30.0 |
Deposits are getting expensive — the spread is compressing
Of every ₹100 of interest the bank earns, ₹59 goes straight out as interest on deposits and borrowings. It keeps ₹42 — down 13 points from a year ago.revenueinterest_expense
Data: Share of interest income kept, quarterly
| Period | Spread kept (%) |
|---|---|
| Sep 23 | 57.1 |
| Dec 23 | 51.9 |
| Mar 24 | 46.9 |
| Jun 24 | 45.9 |
| Sep 24 | 52.2 |
| Dec 24 | 51.0 |
| Mar 25 | 54.0 |
| Jun 25 | 46.9 |
| Sep 25 | 50.9 |
| Dec 25 | 41.5 |
| Mar 26 | 41.5 |
Profit exploded 267% year on year
Mar 26 profit was ₹11.0 Cr, up 267% on last year — earnings per share of ₹0.56.net_profiteps
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Sep 23 | 4.0 | – |
| Dec 23 | 5.0 | – |
| Mar 24 | 4.0 | – |
| Jun 24 | 4.0 | – |
| Sep 24 | 6.0 | 50.0 |
| Dec 24 | 6.0 | 20.0 |
| Mar 25 | 3.0 | -25.0 |
| Jun 25 | 3.0 | -25.0 |
| Sep 25 | 6.0 | 0.0 |
| Dec 25 | 7.0 | 16.7 |
| Mar 26 | 11.0 | 266.7 |
The biggest force in the bridge: lending more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 3 |
| More interest income | +15 |
| Costlier deposits | −15 |
| Running costs & provisions | +10 |
| Fees & other income | 0 |
| Tax | −3 |
| Provisions & everything else | +1 |
| PAT Mar 26 | 11 |
The market still prices this bank below its own average
Today you pay ₹4.62 for every ₹1 of book value, against a long-run median of ₹5.90. It has traded cheaper than this only 0% of the time since 2024.pb_ratio
Data: Price-to-book over time (weekly) (sampled — full series in the embedded dataset)
| Period | P/BV (x) |
|---|---|
| May 24 | 7.5 |
| Jun 24 | 8.5 |
| Jun 24 | 7.9 |
| Jul 24 | 7.7 |
| Jul 24 | 7.5 |
| Aug 24 | 8.4 |
| Aug 24 | 9.0 |
| Sept 24 | 8.3 |
| Sept 24 | 7.8 |
| Oct 24 | 6.9 |
| Oct 24 | 6.8 |
| Nov 24 | 7.2 |
| Nov 24 | 6.8 |
| Nov 24 | 7.8 |
| Dec 24 | 7.4 |
| Dec 24 | 6.7 |
| Jan 25 | 6.2 |
| Jan 25 | 6.1 |
| Feb 25 | 5.7 |
| Feb 25 | 4.6 |
| Mar 25 | 5.3 |
| Mar 25 | 4.6 |
| Apr 25 | 4.6 |
| Apr 25 | 4.5 |
| May 25 | 4.9 |
| May 25 | 5.5 |
| May 25 | 5.1 |
| Jun 25 | 5.0 |
| Jun 25 | 4.9 |
| Jul 25 | 6.1 |
| Jul 25 | 5.9 |
| Aug 25 | 5.8 |
| Aug 25 | 5.8 |
| Sept 25 | 5.6 |
| Sept 25 | 6.0 |
| Oct 25 | 4.8 |
| Oct 25 | 5.3 |
| Oct 25 | 6.4 |
| Nov 25 | 5.9 |
| Nov 25 | 6.0 |
| Dec 25 | 6.0 |
| Dec 25 | 6.2 |
| Jan 26 | 6.4 |
| Jan 26 | 6.1 |
| Feb 26 | 6.2 |
| Feb 26 | 6.4 |
| Feb 26 | 6.3 |
| Mar 26 | 5.5 |
| Mar 26 | 5.4 |
| Apr 26 | 3.0 |
| Apr 26 | 3.3 |
| May 26 | 3.4 |
| May 26 | 4.2 |
| Jun 26 | 3.7 |
| Jun 26 | 3.6 |
| Jun 26 | 4.2 |
| Jun 26 | 4.5 |
| Jun 26 | 4.4 |
| Jul 26 | 4.6 |
Promoter holding dropped in one step — an event, not a slow exit
Promoters hold 47.3% (down 7.2 points over 8 quarters). Foreign funds own 1.2%, domestic funds 9.3%.promoters_pctfiis_pctdiis_pct
The promoter move came in a single step (Mar 26) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal.promoters_pct
Meanwhile domestic funds have been the sellers — from 14.1% to 9.3% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 58.2 | 0.0 | 14.1 |
| Sep 23 | 58.2 | 0.0 | 14.1 |
| Dec 23 | 58.2 | 0.0 | 14.1 |
| Mar 24 | 54.8 | 0.1 | 13.2 |
| Jun 24 | 54.5 | 0.5 | 13.1 |
| Sep 24 | 54.5 | 0.3 | 13.1 |
| Dec 24 | 54.4 | 0.9 | 12.5 |
| Mar 25 | 54.3 | 1.3 | 12.5 |
| Jun 25 | 54.2 | 0.9 | 11.9 |
| Sep 25 | 54.2 | 0.8 | 11.9 |
| Dec 25 | 54.1 | 1.1 | 8.4 |
| Mar 26 | 47.3 | 1.2 | 9.3 |
- Foreign funds have neither piled in nor fled — their stake has held near 1.2% for 8 quarters. No smart-money signal, in either direction.fiis_pct
Interesting, not obvious
The numbers are genuinely mixed, and the price is roughly fair to the delivery so far.
Best thing in the data: profit rising (₹3.0 Cr → ₹11.0 Cr).net_profit
Biggest worry: funding costs moving the wrong way (23.0% → 38.0%).interest_expense
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Mufin Green Finance Ltd do?
APM Finvest Limited was incorporated in May 2016, a Non-Banking Financial Company Non-Deposit Taking (NBFC-ND) registered with Reserve Bank of India and is carrying on the business of Investment into shares, stocks, securities, and providing loans of all kinds.[1] [2]. It is listed in the Finance & Investments - Others sector with a market capitalisation of ₹2,655 Cr.
What is Mufin Green Finance Ltd's share price?
As of 1 July 2026, Mufin Green Finance Ltd trades at ₹134, up 55% over the past year, with a market capitalisation of ₹2,655 Cr. Beating NIFTY 500 for 43 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Mufin Green Finance Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Mufin Green Finance Ltd's intrinsic value at ₹12.0 per share under base assumptions (bear ₹12.0, bull ₹16.0), against the current price of ₹134 — a 91% premium to model value. The current price already implies roughly 39% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
Is Mufin Green Finance Ltd stock overvalued or undervalued?
Mufin Green Finance Ltd trades at a P/BV of 4.6× — the lowest of its own 2.1-year trading range (median 5.9×). What the earnings deliver, the price follows. Since May 2024, the stock is up 18% and earnings per share are up 40% — the price has tracked the profits, not run ahead of them. Note the short 2.1-year valuation record.
What did Mufin Green Finance Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 income was ₹65.0 Cr, up 30% on a year ago. A bank grows by lending more and charging well — this line is both together. Mar 26 profit was ₹11.0 Cr, up 267% on last year — earnings per share of ₹0.56. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Mufin Green Finance Ltd growing?
The loan book is working — interest income jumped 30%. Mar 26 income was ₹65.0 Cr, up 30% on a year ago. A bank grows by lending more and charging well — this line is both together.
Are Mufin Green Finance Ltd's profits growing?
Profit exploded 267% year on year. Mar 26 profit was ₹11.0 Cr, up 267% on last year — earnings per share of ₹0.56.
How much of its interest income does Mufin Green Finance Ltd keep?
Deposits are getting expensive — the spread is compressing. Of every ₹100 of interest the bank earns, ₹59 goes straight out as interest on deposits and borrowings. It keeps ₹42 — down 13 points from a year ago.
Is Mufin Green Finance Ltd stock in an uptrend?
Stage 2: the trend is up, and has been for 36 weeks. Mufin Green Finance Ltd is in Stage 2 — advancing, 36 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Mufin Green Finance Ltd stock rising?
The price is up 55% over the past year, in a confirmed Stage 2 uptrend (36 weeks), and has beaten NIFTY 500 for 43 weeks. Earnings are moving with the price — this is a profit-backed move, not a pure re-rating. Since 2024, the price is up 18% while earnings per share moved 40%.
Is Mufin Green Finance Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 43 weeks, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Who owns Mufin Green Finance Ltd — what is the promoter holding?
Promoters hold 47.3% (down 7.2 points over 8 quarters). Foreign funds own 1.2%, domestic funds 9.3%. The promoter move came in a single step (Mar 26) — promoters rarely buy on-market, so a jump like this is almost always an allotment, infusion or restructuring: a capital event, not a slow accumulation of conviction. Worth knowing which, before reading it as a signal. Shareholding is from Screener's quarterly filings data.
What is the bull case for Mufin Green Finance Ltd?
Profits are up 75% in two years, the price has kept pace — no more, no less, and it still trades cheap against its own history. Best thing in the data: profit rising (₹3.0 Cr → ₹11.0 Cr). The loan book is working — interest income jumped 30%.
What is the bear case for Mufin Green Finance Ltd — what could break the story?
Biggest worry: funding costs moving the wrong way (23.0% → 38.0%). Two quarters of profit reversing would kill this story. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Mufin Green Finance Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: interesting, not obvious. The numbers are genuinely mixed, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is on watch at 58% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.