Mufin Green Finance Limited
Mufin Green Finance Limited is the Non-Banking Financial Company Non-Deposit Taking (NBFC-ND) registered with Reserve Bank of India. The Company was incorporated on 13th May, 2016 in state of Rajasthan. Mufin Green Finance was acquired by Hindon Merc...
Key Metrics
EPS
0.99
Current ratio
2.07
Debt
678.31
Debt/Equity
2.78
Debt/EBITDA
28.83
Interest coverage ratio
-
Operating Cashflow to total debt
-0.53
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Support from Promoters and Investor
Comfortable Capitalization Levels and resource raising ability
Improving AUM
Liquidity Position: Adequate
Cons
Limited t rack record of operations coupled with limited seasoning of newly disbursed portfolio and geographical concentration
Moderate asset quality; albeit improving
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About Mufin Green Finance Limited bond.
This comprehensive profile covers key factual information about Mufin Green Finance Limited. Mufin Green Finance Limited is the Non-Banking Financial Company Non-Deposit Taking (NBFC-ND) registered with Reserve Bank of India. The Company was incorporated on 13th May, 2016 in state of Rajasthan. Mufin Green Finance was acquired by Hindon Mercantile Limited in March 2022. The company is now a part of the Mufin group. The group has been extending loans toward E- vehicles since 2016 and the portfolio of E-vehicles was later transferred to the taken over company Mufin Green Finance. The company is engaged in financing overall electric vehicle ecosystem comprising of all kinds of vehicles running on battery and charging infrastructure. The objective of the company is to enhance the electric vehicle ecosystem of India. EPS in Mar-2024 was 0.99. Current ratio in Mar-2024 was 2.07. Debt in Mar-2024 was 678.31. Debt/Equity in Mar-2024 was 2.78. Debt/EBITDA in Mar-2024 was 28.83. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.53. Total revenue for Mar-2025(E) was ₹162.10. Net income for Mar-2025(E) stood at ₹141.80. Total assets as of Mar-2024 were ₹925.59. Operating cash flow for Mar-2024 was ₹-358.70. The company’s borrowing relationships include Federal Bank (₹N/A Cr), Bank of India (₹N/A Cr). Peers and comparison entities consist of Mufin Green Finance Limited, Indian Railway Finance Corp Limited, Power Finance Corporation Limited, REC Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Support from Promoters and Investor; Comfortable Capitalization Levels and resource raising ability; Improving AUM ; Liquidity Position: Adequate. Key risks include: Limited t rack record of operations coupled with limited seasoning of newly disbursed portfolio and geographical concentration; Moderate asset quality; albeit improving . Leadership team details include Gunjan Jain (Chief Financial Officer), Hemant Bhageria (Independent Director), Kapil Garg (Managing Director), Manoj Kumar Bhatt (Chairman & Ind.Director), Mayank Pratap Singh (Company Secretary & Compliance Officer), Nitin Goel (Independent Director), Pankaj Gupta (Chief Executive Officer), Sanchi Pandey (Independent Director), Srishti Agarwal (Non Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.