450% Rally in 6 Months: Multibagger small-cap EV finance stock shows good results in Q3

This non-banking finance company listed on BSE has given excellent returns to its investors. Shares of Muffin Green Finance Ltd have doubled in the last three months and jumped more than 450% in the last 6 months and over 450% in the last 1 year. Recently the company had shown its Q3 results which were quite good in terms of both QoQ and YoY.

Dec 202210.662.2942.50%
Sep 202321.134.0167.53%
Dec 202327.184.5572.33%

The latest financial results reflect a remarkable performance by the company in the recent quarter ending December 2023. During the period, the company recorded substantial growth in net sales, which reached Rs 27.18 crore. This figure represents a significant growth of 28.03% over the previous quarter’s sales of Rs 21.13 crore in September 2023 and an impressive growth of 154.04% over the sales of Rs 10.66 crore in December 2022.

With strong sales growth, the net profit for the quarter ended December 2023 is at Rs 4.55 crore, showing a growth of 13.47% from the profit of Rs 4.01 crore of the previous quarter in September 2023 and a significant increase of 98.68% in profit of Rs 2.29 crore in December 2022.

Earnings per share (EPS), a key metric indicating a company’s profitability on a per-share basis, has also shown positive momentum. EPS increased to Rs 0.30 in the quarter of December 2023, showing consistent growth from EPS of Rs 0.27 in September 2023 and Rs 0.15 in December 2022.

In short, the company’s performance in the last quarter shows a strong upward trajectory with significant growth in net sales, net profit, and EPS.

Last 5 Years Compounded Sales and Profit Growth

PeriodSales GrowthProfit Growth
5 Years194%141%
3 Years175%49%

Today when we are writing this article, Muffin Green Finance’s share price is trading at Rs 242 with a decline of .50%. The BSE chart has fallen by -15.45 points (-5.98%) in the last 5 days. Its 52-week high is Rs 273.10 and its 52-week low is Rs 34.23. For Complete performance from the listing till date, you can check the below tables.

Stock Soars More Than 450 Percent in 6 Months

PeriodClosingGrowthReturns on ₹10k

Muffin Green Finance doubled investors’ money in the last three months, 5x in the last six months, and 6x in the last 10 months. The company’s overall performance over the last 12 months is also astonishing. Although this looks low compared to the returns over the last 11 months, 460.95% is not a small return either. This is an impressive growth and for investors who invested ₹10,000 in it 12 months ago, its value has grown to ₹56,095 today.

More Than 300 Percent Growth in 2023

MonthOpeningClosingGain/ Fall
Total Returns in 2023322.37%

Investors who invested in it in 2023 earned quite well returns. The share price of Muffin Green Finance Limited in January 2023 was ₹38.90 and on the last trading day of the year, it closed at ₹164.30 with a gain of 322.37% percent.

More than 9000 Percent Growth in 4 Years

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10,000 then what is the value of those Rs 10,000 worth of shares today…

PeriodGrowthReturns on ₹10kCAGR
2Y2280%₹2.38 lakh387.86%
3Y5761%₹5.86 lakh288.43%
4Y9139%₹9.24 lakh210.03%
MAX6855%₹6.96 lakh162.58%
  • If we look at the performance of the last two years, it has seen a rise of more than 2200 percent.
  • In the past three years, it has increased investors’ money by more than 58 times.
  • For investors who had invested Rs 10,000 in it 4 years ago, the value of those ₹10 thousand shares has increased to ₹9.24 lakh today.
  • The company’s stock CAGR growth from the listing is 162.58 percent.

Muffin Green Finance Performance from Listing (Year-wise)

YearOpenCloseGain/ Fall

The stock was listed on BSE in September 2019 and has been performing quite well year on year.

Money, Finance
Muffin Green Finance offers electric vehicle loans

About the Company

Muffin Green Finance Limited (BSE BOM: 542774) offers electric vehicle loans for income generation purposes. It offers B2B financing loans for electric vehicles (2-wheeler, rickshaw, 3-wheeler, 4-wheeler, and channel finance). B2C financing loans for electric vehicles (2-wheelers, 3-wheelers and rickshaws).

Muffin Green Finance Fundamental Analysis

Market Cap₹ 3,657 Cr.
Current Price₹ 242
High / Low₹ 274 / 34.2
Intrinsic Value₹ 34.8
Book Value₹ 10.7
Face Value₹ 1.00
ROCE7.00 %
ROE6.40 %
PEG Ratio1.77
EPS₹ 0.97
P/B Value22.7
Dividend Yield0.00 %
Stock P/E249
Industry PE21.1
OPM66.7 %
Quick Ratio11.4
Debt₹ 399 Cr.
Debt to equity2.48
Current liabilities₹ 14.0 Cr.
Current assets₹ 160 Cr.
NCAVPS₹ 9.65
Return on Assets3.26 %
Reserves₹ 146 Cr.
Cash Equivalents₹ 152 Cr.
Inventory₹ 0.00 Cr.
5/5 - (1 vote)

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