Keynote Financial Services Ltd

Keynote Financial Services Ltd

₹ 173 -1.94%
24 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 121 Cr.
  • Current Price 173
  • High / Low 220 / 79.0
  • Stock P/E 4.52
  • Book Value 177
  • Dividend Yield 0.58 %
  • ROCE 31.7 %
  • ROE 24.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 93.7% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.6% over last 3 years.
  • Debtor days have increased from 54.9 to 72.0 days.

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
5.71 7.54 9.42 5.05 6.74 -2.11 5.23 5.55 5.40 11.05 8.52 13.95 13.56
2.17 2.21 2.22 2.50 4.25 2.78 2.43 2.56 7.34 2.83 2.64 3.19 4.15
Operating Profit 3.54 5.33 7.20 2.55 2.49 -4.89 2.80 2.99 -1.94 8.22 5.88 10.76 9.41
OPM % 62.00% 70.69% 76.43% 50.50% 36.94% 53.54% 53.87% -35.93% 74.39% 69.01% 77.13% 69.40%
0.67 0.66 0.54 0.53 1.25 0.55 0.42 0.47 0.43 0.39 0.58 0.61 0.71
Interest 1.02 0.25 0.37 0.23 0.34 0.07 0.01 0.10 0.08 0.04 0.14 0.03 0.08
Depreciation 0.19 0.17 0.18 0.18 0.17 0.15 0.22 0.12 0.14 0.16 0.26 0.17 0.19
Profit before tax 3.00 5.57 7.19 2.67 3.23 -4.56 2.99 3.24 -1.73 8.41 6.06 11.17 9.85
Tax % -26.33% -0.72% 24.90% 10.11% 17.65% 28.73% 26.09% 23.77% -81.50% 23.66% 25.58% 22.38% 16.75%
3.79 5.61 5.40 2.41 2.66 -3.25 2.32 2.81 -3.51 7.17 5.49 9.77 4.35
EPS in Rs 5.40 7.99 7.69 3.43 3.79 -4.63 3.31 4.00 -5.00 10.22 7.82 13.92 6.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 20 16 23 25 20 13 11 23 32 16 47
21 14 9 13 10 10 13 14 8 11 15 13
Operating Profit 12 6 7 10 14 10 0 -3 15 20 1 34
OPM % 37% 31% 42% 42% 58% 50% 2% -23% 66% 64% 5% 72%
0 1 0 0 0 -0 1 0 0 0 0 2
Interest 5 2 4 3 3 2 1 1 1 1 0 0
Depreciation 1 1 1 1 4 1 1 1 1 1 1 1
Profit before tax 7 4 3 6 7 7 -1 -4 13 19 -0 35
Tax % 29% 31% 33% 31% 23% 21% -20% 3% 15% 14% -3,320% 22%
5 3 2 4 6 6 -1 -4 11 16 -2 27
EPS in Rs 6.97 4.30 2.41 6.41 8.22 8.14 -1.51 -6.01 16.06 22.91 -2.32 38.17
Dividend Payout % 17% 18% 33% 12% 10% 20% -53% -13% 5% 3% -34% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 29%
3 Years: 28%
TTM: 197%
Compounded Profit Growth
10 Years: 28%
5 Years: 94%
3 Years: 33%
TTM: 1744%
Stock Price CAGR
10 Years: 17%
5 Years: 35%
3 Years: 33%
1 Year: 79%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 14%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 54 56 57 61 67 72 73 68 79 95 93 119
Preference Capital 0 0 0 0 0 0 0 0 1 1 0
34 10 21 12 13 13 20 22 26 27 2 1
46 50 15 23 65 14 9 24 10 12 9 15
Total Liabilities 139 122 98 101 150 105 108 119 121 139 110 140
26 24 23 23 19 18 18 17 17 16 17 17
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 6 18 24 35 34 28 44 62 60 84
113 96 69 60 108 52 56 74 60 61 33 40
Total Assets 139 122 98 101 150 105 108 119 121 139 110 140

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
17 -10 -4 17 -12 5 -4 16 -9 -13 21 6
10 8 -3 -7 7 -1 5 1 -16 22 -3 -4
-2 -2 -3 -1 -4 -3 1 -0 4 -0 -26 -3
Net Cash Flow 24 -4 -10 9 -8 2 2 17 -21 9 -8 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 108 142 116 99 704 114 104 129 17 28 65 72
Inventory Days
Days Payable
Cash Conversion Cycle 108 142 116 99 704 114 104 129 17 28 65 72
Working Capital Days 147 -0 588 19 196 221 195 -478 -38 107 158 104
ROCE % 14% 7% 8% 11% 12% 11% 0% -3% 14% 17% 0%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.88% 57.88% 57.88% 57.88% 56.43% 56.42% 56.42% 56.42% 56.42% 56.42% 56.42% 56.42%
7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35% 7.35%
34.77% 34.77% 34.77% 34.77% 36.22% 36.22% 36.22% 36.22% 36.22% 36.23% 36.22% 36.22%
No. of Shareholders 2,6922,8633,5953,8753,7873,7393,6533,5803,5723,7603,8814,060

* 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