Keynote Financial Services Ltd

Keynote Finan. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Keynote Financial Services Ltd

₹ 289 -0.60%
23 Feb - close price
keynoteindia.net BSE: 512597 NSE: KEYFINSERV
About

Incorporated in 1993, Keynote Financial Services Ltd is in the business of Investment banking, Corporate advisory, ESOP advisory, etc.[1]

Key Points

Business Overview:[1]
Company is a Category 1 Merchant Banker and a full service Investment Bank and Brokerage house offering financial services

Website BSE NSE
  • Market Cap ₹ 161 Cr.
  • Current Price ₹ 289
  • High / Low ₹ 479 / 190
  • Stock P/E 17.8
  • Book Value ₹ 269
  • Dividend Yield 0.35 %
  • ROCE 9.27 %
  • ROE 11.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value
  • Debtor days have improved from 56.3 to 35.1 days.

Cons

  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.
  • Earnings include an other income of Rs.2.95 Cr.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
5.55 5.40 11.05 8.52 13.95 13.56 12.22 11.28 6.65 -1.80 15.67 -1.59 12.46
2.56 7.34 2.83 2.64 3.19 4.15 3.58 3.55 3.18 7.28 3.82 4.20 4.08
Operating Profit 2.99 -1.94 8.22 5.88 10.76 9.41 8.64 7.73 3.47 -9.08 11.85 -5.79 8.38
OPM % 53.87% -35.93% 74.39% 69.01% 77.13% 69.40% 70.70% 68.53% 52.18% 75.62% 67.26%
0.47 0.43 0.39 0.58 0.61 0.71 0.42 0.63 0.51 0.87 0.93 1.29 -0.14
Interest 0.10 0.08 0.04 0.14 0.03 0.08 0.02 0.05 0.09 0.56 0.04 0.05 0.16
Depreciation 0.12 0.14 0.16 0.26 0.17 0.19 0.20 0.22 0.21 0.28 0.26 0.26 0.29
Profit before tax 3.24 -1.73 8.41 6.06 11.17 9.85 8.84 8.09 3.68 -9.05 12.48 -4.81 7.79
Tax % 23.77% 81.50% 23.66% 25.58% 22.38% 16.75% 28.73% 29.05% 20.38% -53.37% 40.06% -66.32% 25.80%
2.81 -3.51 7.17 5.49 9.77 4.35 7.91 8.71 5.63 -7.69 12.56 -0.91 4.49
EPS in Rs 4.00 -5.00 10.22 7.82 13.92 6.20 11.27 12.41 8.02 -13.81 22.56 -1.63 8.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
20.23 15.88 22.73 24.71 20.21 13.36 11.20 22.67 31.51 15.93 49.23 30.69 24.74
13.99 9.25 13.16 10.36 10.16 13.04 13.75 7.65 11.20 15.12 13.07 17.54 19.38
Operating Profit 6.24 6.63 9.57 14.35 10.05 0.32 -2.55 15.02 20.31 0.81 36.16 13.15 5.36
OPM % 30.85% 41.75% 42.10% 58.07% 49.73% 2.40% -22.77% 66.25% 64.46% 5.08% 73.45% 42.85% 21.67%
1.33 0.18 0.48 0.15 -0.21 0.69 0.17 0.08 0.23 0.02 0.39 0.05 2.95
Interest 2.26 3.52 2.62 2.68 1.86 1.13 1.22 1.09 1.18 0.25 0.29 0.73 0.81
Depreciation 0.95 0.75 0.94 4.37 0.71 0.77 0.76 0.73 0.69 0.63 0.78 0.91 1.09
Profit before tax 4.36 2.54 6.49 7.45 7.27 -0.89 -4.36 13.28 18.67 -0.05 35.48 11.56 6.41
Tax % 30.96% 33.46% 30.66% 22.68% 21.46% 20.22% -3.21% 15.06% 13.87% 3,320.00% 21.67% 7.01%
3.02 1.69 4.50 5.77 5.71 -1.06 -4.22 11.27 16.08 -1.63 26.79 14.57 8.45
EPS in Rs 4.30 2.41 6.41 8.22 8.14 -1.51 -6.01 16.06 22.91 -2.32 38.17 26.17 15.19
Dividend Payout % 18.44% 32.96% 12.38% 9.65% 19.51% -52.55% -13.20% 4.94% 3.46% -34.17% 2.08% 3.82%
Compounded Sales Growth
10 Years: 7%
5 Years: 22%
3 Years: -1%
TTM: -43%
Compounded Profit Growth
10 Years: 23%
5 Years: 40%
3 Years: -3%
TTM: -66%
Stock Price CAGR
10 Years: 24%
5 Years: 36%
3 Years: 45%
1 Year: 42%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 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 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57 5.57
Reserves 55.95 56.97 60.78 66.55 71.56 72.61 67.70 79.38 94.98 92.55 118.72 132.82 143.93
9.85 20.65 11.85 13.30 13.47 20.25 21.73 26.44 27.71 2.49 0.70 1.66 1.44
50.27 15.17 22.77 65.02 14.41 9.10 24.16 9.24 11.16 9.19 14.94 11.73 9.97
Total Liabilities 121.64 98.36 100.97 150.44 105.01 107.53 119.16 120.63 139.42 109.80 139.93 151.78 160.91
24.32 23.35 22.87 18.62 17.96 18.17 17.43 16.74 16.21 16.63 16.84 17.74 17.43
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.21 0.45 0.00 0.00 0.00
Investments 0.92 6.08 17.68 24.13 34.63 33.62 27.99 44.29 62.39 59.57 83.56 101.58 97.30
96.40 68.93 60.42 107.69 52.42 55.74 73.74 59.60 60.61 33.15 39.53 32.46 46.18
Total Assets 121.64 98.36 100.97 150.44 105.01 107.53 119.16 120.63 139.42 109.80 139.93 151.78 160.91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-10.19 -4.29 17.43 -11.78 5.44 -4.24 16.39 -9.44 -12.64 20.78 5.59 6.80
7.71 -2.86 -6.89 7.25 -0.59 4.61 0.90 -15.80 21.92 -2.83 -4.25 -5.92
-2.00 -2.88 -1.39 -3.50 -2.58 1.33 -0.43 3.98 -0.49 -26.01 -2.63 -0.35
Net Cash Flow -4.48 -10.02 9.15 -8.03 2.27 1.69 16.87 -21.25 8.79 -8.05 -1.29 0.53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 141.99 115.84 99.24 704.00 113.78 103.54 129.38 16.91 28.03 64.61 69.17 35.08
Inventory Days
Days Payable
Cash Conversion Cycle 141.99 115.84 99.24 704.00 113.78 103.54 129.38 16.91 28.03 64.61 69.17 35.08
Working Capital Days -167.80 124.35 -164.27 1.18 -20.77 -337.68 -477.76 -38.32 107.26 157.64 87.19 116.31
ROCE % 6.69% 8.01% 11.33% 12.38% 10.85% 0.25% -3.25% 13.93% 16.57% 0.17% 31.71% 9.27%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
56.42% 56.42% 56.42% 56.42% 56.42% 56.42% 57.01% 57.01% 71.87% 71.87% 71.87% 71.87%
7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 9.26% 9.28% 9.26% 9.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01%
36.22% 36.22% 36.23% 36.22% 36.22% 36.22% 35.64% 35.64% 18.86% 18.83% 18.87% 18.86%
No. of Shareholders 3,5803,5723,7603,8814,0603,9414,4554,6395,1395,2124,9864,860

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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