KIFS Financial Services Ltd

KIFS Financial Services Ltd

₹ 142 -5.83%
26 Apr 4:01 p.m.
About

Incorporated in 1995, KIFS Financial Services Ltd deals in capital market products like margin trading, loan against shares and funding primary
market issues for the retail investors[1]

Key Points

Registration:[1][2]
KIFS FSL is a Non Systematically Important Non Deposit Taking Non Banking Financial Company - Investment and Credit Company registered under the category of Loan and NBFC - Base Layer company. It is a Subsidiary of KIFS Securities Ltd, the flagship company of the Khandwala group

  • Market Cap 154 Cr.
  • Current Price 142
  • High / Low 231 / 92.0
  • Stock P/E 21.5
  • Book Value 44.3
  • Dividend Yield 0.95 %
  • ROCE 9.75 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 27.4%

Cons

  • Stock is trading at 3.21 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3.10 9.70 4.67 7.28 10.17 10.59 7.04 7.11 7.27 9.30 7.92 8.10 13.63
0.11 0.12 0.15 0.11 0.19 0.52 0.18 0.12 0.14 0.45 0.16 0.15 0.19
Operating Profit 2.99 9.58 4.52 7.17 9.98 10.07 6.86 6.99 7.13 8.85 7.76 7.95 13.44
OPM % 96.45% 98.76% 96.79% 98.49% 98.13% 95.09% 97.44% 98.31% 98.07% 95.16% 97.98% 98.15% 98.61%
0.00 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00
Interest 2.44 7.22 3.31 5.25 8.22 6.36 4.93 4.75 5.83 5.25 5.84 5.52 11.41
Depreciation 0.01 0.00 0.00 0.08 0.15 0.15 0.13 0.13 0.13 0.13 0.09 0.09 0.09
Profit before tax 0.54 2.46 1.21 1.84 1.61 3.56 1.80 2.11 1.17 3.50 1.83 2.34 1.94
Tax % 25.93% 25.61% 24.79% 25.00% 26.09% 26.12% 25.56% 23.70% 23.93% 27.43% 25.14% 24.36% 24.74%
0.40 1.83 0.91 1.38 1.20 2.63 1.33 1.61 0.89 2.55 1.37 1.77 1.46
EPS in Rs 0.37 1.69 0.84 1.28 1.11 2.43 1.23 1.49 0.82 2.36 1.27 1.64 1.35
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2.40 1.85 4.75 3.81 7.14 8.48 6.05 5.89 15.59 20.98 32.71 30.75 38.95
0.17 0.26 0.30 0.37 0.90 0.59 0.74 0.65 0.73 0.48 0.96 0.90 0.95
Operating Profit 2.23 1.59 4.45 3.44 6.24 7.89 5.31 5.24 14.86 20.50 31.75 29.85 38.00
OPM % 92.92% 85.95% 93.68% 90.29% 87.39% 93.04% 87.77% 88.96% 95.32% 97.71% 97.07% 97.07% 97.56%
0.36 0.00 0.02 0.00 0.00 0.01 0.00 0.01 0.00 0.06 0.00 0.00 0.03
Interest 0.63 0.11 2.09 0.63 1.95 2.81 1.06 1.14 9.54 15.46 23.15 20.76 28.02
Depreciation 0.00 0.00 0.00 0.00 0.04 0.15 0.10 0.07 0.05 0.03 0.38 0.50 0.40
Profit before tax 1.96 1.48 2.38 2.81 4.25 4.94 4.15 4.04 5.27 5.07 8.22 8.59 9.61
Tax % 17.35% 28.38% 32.35% 32.74% 33.41% 32.19% 27.71% 29.95% 25.43% 25.44% 25.43% 25.49%
1.62 1.06 1.60 1.88 2.83 3.35 3.00 2.82 3.94 3.79 6.13 6.40 7.15
EPS in Rs 0.98 1.48 1.74 2.62 3.10 2.77 2.61 3.64 3.50 5.67 5.92 6.62
Dividend Payout % 23.23% 51.04% 33.81% 28.78% 28.67% 29.07% 32.46% 38.37% 34.33% 35.69% 23.83% 22.82%
Compounded Sales Growth
10 Years: 32%
5 Years: 38%
3 Years: 25%
TTM: 22%
Compounded Profit Growth
10 Years: 20%
5 Years: 16%
3 Years: 18%
TTM: 11%
Stock Price CAGR
10 Years: 21%
5 Years: 17%
3 Years: 53%
1 Year: 42%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3.01 10.82 10.82 10.82 10.82 10.82 10.82 10.82 10.82 10.82 10.82 10.82 10.82
Reserves 5.42 8.32 9.29 10.52 12.37 14.56 16.38 19.21 21.84 24.28 29.05 33.99 37.13
7.07 0.00 2.23 23.87 67.29 24.68 16.08 68.31 170.00 158.81 253.08 264.49 333.30
0.89 1.05 1.53 2.34 3.32 3.77 3.15 2.24 3.42 4.24 7.40 5.97 5.35
Total Liabilities 16.39 20.19 23.87 47.55 93.80 53.83 46.43 100.58 206.08 198.15 300.35 315.27 386.60
0.00 0.00 0.01 0.00 0.47 0.32 0.22 0.15 0.11 0.00 1.61 1.11 1.83
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
16.39 20.19 23.86 47.55 93.33 53.51 46.21 100.43 205.97 198.15 298.74 314.16 384.77
Total Assets 16.39 20.19 23.87 47.55 93.80 53.83 46.43 100.58 206.08 198.15 300.35 315.27 386.60

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6.15 -2.27 0.53 1.08 0.85 2.57 1.37 0.32 1.87 31.42 -26.14 -7.99
0.00 10.28 0.00 0.00 -0.51 0.00 0.00 0.00 0.00 0.09 -1.99 0.00
5.01 -7.70 -0.63 -0.65 -0.98 -1.17 -1.17 -1.17 -1.30 -1.35 -1.35 -1.46
Net Cash Flow -1.14 0.31 -0.10 0.43 -0.64 1.40 0.20 -0.85 0.57 30.16 -29.49 -9.45

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 1,847.81 3,064.03 1,465.38 3,978.60 4,446.97 1,950.25 2,317.90 -26.65 -19.90 -17.05 -12.05 -16.26
ROCE % 18.47% 9.18% 21.55% 10.19% 9.14% 11.03% 11.16% 7.32% 9.84% 10.35% 12.89% 9.75%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41% 74.41%
25.59% 25.59% 25.59% 25.59% 25.59% 25.59% 25.60% 25.60% 25.59% 25.60% 25.59% 25.58%
No. of Shareholders 7168078782,2272,1241,9611,8811,8271,7021,5891,5311,494

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