Mufin Green Finance shares rise on strong FY26 results; AUM nearly doubles

Shares of Mufin Green Finance Limited were trading higher on Friday morning, buoyed by the company’s audited financial results for FY26 released on the previous trading day. At 11.59 AM, the stock was at ₹122.75, up 0.71 per cent from its previous close of ₹121.89, with buy orders dominating at 70.41 per cent of total quantity traded.

The stock touched an intraday high of ₹123.87 and a low of ₹119.60, with traded volume reaching 18.37 lakh shares worth ₹22.40 crore. The company’s total market capitalisation stood at ₹2,126.42 crore. The stock has been a strong outperformer over the past year, delivering 53.26 per cent absolute returns against the Nifty 50’s negative 3.25 per cent over the same period. It remains close to its 52-week high of ₹126.34 hit in November 2025.

The buying interest follows Mufin Green Finance reporting a near-tripling of full-year profit after tax to ₹28.21 crore in FY26 from ₹20.28 crore a year earlier. Q4 FY26 PAT surged 183.5 per cent year-on-year to ₹11.03 crore. The New Delhi-based NBFC, which finances electric vehicles, solar equipment and health insurance premiums, grew its loan book 83.8 per cent to ₹1,541 crore.

Total disbursements for FY26 more than doubled to ₹1,767.59 crore. Asset quality improved, with gross NPA declining to 1.94 per cent from 2.48 per cent a year ago. The company also received a credit rating upgrade from BBB+ to A– (Stable) by Acuite Ratings during the year. Cost-to-income ratio improved 170 basis points to 45.8 per cent.

The stock’s current P/E stands at 78.71, reflecting growth expectations already priced in at current levels.

Published on May 22, 2026