Keynote Financial Services Ltd

Keynote Financial Services Ltd

₹ 263 -2.00%
11 Jun - close price
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

  • Market Cap 184 Cr.
  • Current Price 263
  • High / Low 479 / 163
  • Stock P/E 12.6
  • Book Value 197
  • Dividend Yield 0.38 %
  • ROCE 9.27 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 57.3 to 38.0 days.
  • Promoter holding has increased by 14.9% over last quarter.

Cons

  • Tax rate seems low
  • Company has a low return on equity of 11.6% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
6.74 -2.11 5.23 5.55 5.40 11.05 8.52 13.95 13.56 12.22 11.28 6.65 -1.80
4.25 2.78 2.43 2.56 7.34 2.83 2.64 3.19 4.15 3.58 3.55 3.18 7.28
Operating Profit 2.49 -4.89 2.80 2.99 -1.94 8.22 5.88 10.76 9.41 8.64 7.73 3.47 -9.08
OPM % 36.94% 53.54% 53.87% -35.93% 74.39% 69.01% 77.13% 69.40% 70.70% 68.53% 52.18%
1.25 0.55 0.42 0.47 0.43 0.39 0.58 0.61 0.71 0.42 0.63 0.51 0.87
Interest 0.34 0.07 0.01 0.10 0.08 0.04 0.14 0.03 0.08 0.02 0.05 0.09 0.56
Depreciation 0.17 0.15 0.22 0.12 0.14 0.16 0.26 0.17 0.19 0.20 0.22 0.21 0.28
Profit before tax 3.23 -4.56 2.99 3.24 -1.73 8.41 6.06 11.17 9.85 8.84 8.09 3.68 -9.05
Tax % 17.65% -28.73% 26.09% 23.77% 81.50% 23.66% 25.58% 22.38% 16.75% 28.73% 29.05% 20.38% -53.37%
2.66 -3.25 2.32 2.81 -3.51 7.17 5.49 9.77 4.35 7.91 8.71 5.63 -7.69
EPS in Rs 3.79 -4.63 3.31 4.00 -5.00 10.22 7.82 13.92 6.20 11.27 12.41 8.02 -10.96
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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
20 16 23 25 20 13 11 23 32 16 49 28
14 9 13 10 10 13 14 8 11 15 13 18
Operating Profit 6 7 10 14 10 0 -3 15 20 1 36 11
OPM % 31% 42% 42% 58% 50% 2% -23% 66% 64% 5% 73% 38%
1 0 0 0 -0 1 0 0 0 0 0 2
Interest 2 4 3 3 2 1 1 1 1 0 0 1
Depreciation 1 1 1 4 1 1 1 1 1 1 1 1
Profit before tax 4 3 6 7 7 -1 -4 13 19 -0 35 12
Tax % 31% 33% 31% 23% 21% 20% -3% 15% 14% 3,320% 22% 7%
3 2 4 6 6 -1 -4 11 16 -2 27 15
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 20.76
Dividend Payout % 18% 33% 12% 10% 20% -53% -13% 5% 3% -34% 2% 4%
Compounded Sales Growth
10 Years: 6%
5 Years: 20%
3 Years: -4%
TTM: -42%
Compounded Profit Growth
10 Years: 23%
5 Years: 40%
3 Years: -3%
TTM: -46%
Stock Price CAGR
10 Years: 26%
5 Years: 49%
3 Years: 40%
1 Year: 63%
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
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 56 57 61 67 72 73 68 79 95 93 119 133
10 21 12 13 13 20 22 26 28 2 1 2
50 15 23 65 14 9 24 9 11 9 15 12
Total Liabilities 122 98 101 150 105 108 119 121 139 110 140 152
24 23 23 19 18 18 17 17 16 17 17 18
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 6 18 24 35 34 28 44 62 60 84 102
96 69 60 108 52 56 74 60 61 33 40 32
Total Assets 122 98 101 150 105 108 119 121 139 110 140 152

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 -4 17 -12 5 -4 16 -9 -13 21 6 7
8 -3 -7 7 -1 5 1 -16 22 -3 -4 -6
-2 -3 -1 -4 -3 1 -0 4 -0 -26 -3 -0
Net Cash Flow -4 -10 9 -8 2 2 17 -21 9 -8 -1 1

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 142 116 99 704 114 104 129 17 28 65 69 38
Inventory Days
Days Payable
Cash Conversion Cycle 142 116 99 704 114 104 129 17 28 65 69 38
Working Capital Days -0 588 19 196 221 195 -478 -38 107 158 87 133
ROCE % 7% 8% 11% 12% 11% 0% -3% 14% 17% 0% 32% 9%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.43% 56.42% 56.42% 56.42% 56.42% 56.42% 56.42% 56.42% 56.42% 57.01% 57.01% 71.87%
7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 9.26%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
36.22% 36.22% 36.22% 36.22% 36.22% 36.23% 36.22% 36.22% 36.22% 35.64% 35.64% 18.86%
No. of Shareholders 3,7873,7393,6533,5803,5723,7603,8814,0603,9414,4554,6395,139

* 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.

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