Keynote Financial Services Ltd
Incorporated in 1993, Keynote Financial Services Ltd is in the business of Investment banking, Corporate advisory, ESOP advisory, etc.[1]
- Market Cap ₹ 138 Cr.
- Current Price ₹ 248
- High / Low ₹ 382 / 220
- Stock P/E
- Book Value ₹ 136
- Dividend Yield 0.40 %
- ROCE -1.88 %
- ROE -1.91 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 40.2 to 17.0 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -12.6% over past five years.
- Company has a low return on equity of 6.25% over last 3 years.
* 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.65 | 9.55 | 7.53 | 10.42 | 7.89 | 5.23 | 10.98 | 8.92 | 6.80 | 25.32 | 10.34 | 5.59 | |
| 4.49 | 4.69 | 4.85 | 5.48 | 5.85 | 5.66 | 4.12 | 5.29 | 6.11 | 10.91 | 7.75 | 8.26 | |
| Operating Profit | 1.16 | 4.86 | 2.68 | 4.94 | 2.04 | -0.43 | 6.86 | 3.63 | 0.69 | 14.41 | 2.59 | -2.67 |
| OPM % | 20.53% | 50.89% | 35.59% | 47.41% | 25.86% | -8.22% | 62.48% | 40.70% | 10.15% | 56.91% | 25.05% | -47.76% |
| 0.05 | 0.43 | 0.11 | -0.12 | 0.66 | 0.32 | 0.29 | 0.28 | 0.27 | 0.41 | 0.29 | 1.24 | |
| Interest | 0.05 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.05 | 0.06 |
| Depreciation | 0.37 | 0.44 | 0.41 | 0.39 | 0.39 | 0.35 | 0.32 | 0.28 | 0.21 | 0.21 | 0.31 | 0.32 |
| Profit before tax | 0.79 | 4.82 | 2.37 | 4.43 | 2.31 | -0.46 | 6.78 | 3.63 | 0.75 | 14.61 | 2.52 | -1.81 |
| Tax % | 34.18% | 27.80% | 19.83% | 27.31% | -5.19% | -80.43% | 31.86% | -0.83% | 32.00% | 24.71% | -48.02% | -8.29% |
| 0.52 | 3.48 | 1.89 | 3.23 | 2.43 | -0.09 | 4.62 | 3.66 | 0.51 | 11.01 | 3.73 | -1.66 | |
| EPS in Rs | 0.74 | 4.96 | 2.69 | 4.60 | 3.46 | -0.13 | 6.58 | 5.21 | 0.73 | 15.69 | 6.70 | -2.98 |
| Dividend Payout % | 135.00% | 20.17% | 37.14% | 54.33% | 28.89% | -780.00% | 15.19% | 19.18% | 137.65% | 6.38% | 14.93% | -33.55% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -13% |
| 3 Years: | -6% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 27% |
| 3 Years: | 37% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 7.02 | 5.57 | 5.57 |
| Reserves | 40.08 | 42.73 | 44.62 | 47.01 | 48.80 | 47.88 | 51.83 | 54.80 | 54.70 | 64.91 | 68.09 | 70.01 |
| 0.33 | 0.17 | 0.08 | 0.00 | 0.05 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.69 | 0.60 | |
| 2.97 | 2.43 | 2.81 | 2.74 | 2.25 | 1.71 | 3.47 | 4.03 | 4.08 | 10.49 | 3.91 | 3.92 | |
| Total Liabilities | 50.40 | 52.35 | 54.53 | 56.77 | 58.12 | 56.65 | 62.35 | 65.88 | 65.84 | 82.45 | 78.26 | 80.10 |
| 10.07 | 9.65 | 9.30 | 8.94 | 8.59 | 8.25 | 7.97 | 7.76 | 7.66 | 7.48 | 8.17 | 8.03 | |
| 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 |
| Investments | 28.32 | 37.82 | 31.20 | 44.52 | 42.60 | 33.09 | 37.60 | 52.51 | 48.53 | 65.01 | 66.70 | 68.55 |
| 12.01 | 4.88 | 14.03 | 3.31 | 6.93 | 15.31 | 16.78 | 5.61 | 9.65 | 9.96 | 3.39 | 3.52 | |
| Total Assets | 50.40 | 52.35 | 54.53 | 56.77 | 58.12 | 56.65 | 62.35 | 65.88 | 65.84 | 82.45 | 78.26 | 80.10 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4.74 | 8.28 | -7.70 | 12.02 | -0.70 | -1.08 | 5.74 | -1.06 | -4.15 | 8.46 | 0.42 | -1.88 | |
| -3.39 | -7.00 | 9.15 | -11.63 | 5.94 | 9.73 | -15.88 | 2.32 | 4.57 | -7.99 | 1.81 | 1.82 | |
| -1.03 | -0.94 | -0.91 | -0.85 | -2.11 | -0.85 | -0.75 | -0.71 | -0.71 | -0.71 | -1.42 | -0.74 | |
| Net Cash Flow | -9.15 | 0.33 | 0.55 | -0.47 | 3.13 | 7.80 | -10.88 | 0.56 | -0.28 | -0.24 | 0.80 | -0.80 |
| Free Cash Flow | -4.75 | 8.27 | -7.72 | 11.99 | -0.74 | -1.09 | 5.70 | -1.13 | -4.25 | 8.42 | -0.58 | -1.92 |
| CFO/OP | -378% | 190% | -269% | 262% | -15% | 133% | 90% | -10% | -500% | 67% | 48% | 54% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 105.30 | 37.46 | 44.59 | 9.11 | 26.83 | 48.85 | 25.26 | 55.24 | 45.09 | 94.57 | 9.18 | |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 105.30 | 37.46 | 44.59 | 9.11 | 26.83 | 48.85 | 25.26 | 55.24 | 45.09 | 94.57 | 9.18 | |
| Working Capital Days | 552.35 | 82.94 | 500.24 | 14.36 | -7.40 | 37.69 | -16.95 | -10.23 | -12.88 | 7.35 | -20.83 | |
| ROCE % | 2.06% | 9.96% | 4.68% | 9.17% | 4.20% | -0.83% | 12.00% | 6.03% | 1.21% | 21.85% | 3.51% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Employees (Standalone) Number |
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| AIF Due Diligence Certificates Issued Number |
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| Group Employee Strength (Consolidated) Number |
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Extracted by Screener AI
Documents
Announcements
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Newspaper Advertisement Regarding Transfer Of Equity Shares To IEPF For The FY 2018-2019.
5 Jun - Newspaper ads published June 3, 2026 for equity shares transfer to IEPF Account.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Copy of Newspaper Publication for Audited Financial Results for the quarter and year ended 31st March 2026
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Re-Appointment Of Mrs. Rinku Suchanti, As Executive Director Of The Company.
29 May - 29 May 2026 board approved FY26 audited results, ₹1 dividend, and director/auditor appointments.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
29 May - 29 May 2026 board approved audited FY26 results, ₹1 dividend, and director/auditor appointments.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
29 May - FY26 audited results approved; ₹1 dividend recommended; executive director and auditors reappointed.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Business Overview:[1]
Company is a Category 1 Merchant Banker and a full service Investment Bank and Brokerage house offering financial services