KFin Technologies Ltd
KFin Technologies Limited is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.[1]
- Market Cap ₹ 19,144 Cr.
- Current Price ₹ 1,111
- High / Low ₹ 1,641 / 784
- Stock P/E 56.4
- Book Value ₹ 84.2
- Dividend Yield 0.68 %
- ROCE 33.6 %
- ROE 25.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 124% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
- Company has been maintaining a healthy dividend payout of 26.6%
Cons
- Stock is trading at 13.2 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 159 | 441 | 472 | 625 | 696 | 811 | 1,056 | 1,118 | |
| 0 | 98 | 283 | 262 | 337 | 400 | 453 | 587 | 631 | |
| Operating Profit | -0 | 61 | 157 | 210 | 288 | 297 | 358 | 469 | 488 |
| OPM % | 38% | 36% | 44% | 46% | 43% | 44% | 44% | 44% | |
| 0 | 2 | 8 | 5 | 9 | 17 | 24 | 34 | 38 | |
| Interest | 0 | 19 | 53 | 52 | 53 | 11 | 8 | 5 | 4 |
| Depreciation | 0 | 30 | 92 | 98 | 36 | 43 | 49 | 59 | 63 |
| Profit before tax | -0 | 14 | 20 | 64 | 208 | 259 | 325 | 438 | 458 |
| Tax % | -36% | 37% | 70% | 204% | 26% | 24% | 25% | 26% | |
| -0 | 8 | 6 | -67 | 153 | 196 | 245 | 326 | 340 | |
| EPS in Rs | -70.00 | 0.51 | 0.39 | -4.46 | 9.13 | 11.60 | 14.35 | 18.92 | 19.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 40% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 124% |
| 3 Years: | 29% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 25% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 166 | 151 | 151 | 168 | 169 | 171 | 172 | 172 |
| Reserves | -0 | 353 | 258 | 193 | 478 | 702 | 971 | 1,228 | 1,279 |
| 0 | 389 | 343 | 346 | 158 | 159 | 48 | 45 | 44 | |
| 0 | 85 | 115 | 230 | 216 | 213 | 228 | 288 | 336 | |
| Total Liabilities | 0 | 993 | 868 | 919 | 1,019 | 1,244 | 1,417 | 1,733 | 1,832 |
| 0 | 696 | 682 | 621 | 629 | 651 | 714 | 747 | 775 | |
| CWIP | 0 | 0 | 0 | 3 | 35 | 40 | 36 | 31 | 10 |
| Investments | 0 | 126 | 29 | 110 | 147 | 290 | 225 | 535 | 545 |
| 0 | 171 | 156 | 186 | 209 | 263 | 443 | 421 | 502 | |
| Total Assets | 0 | 993 | 868 | 919 | 1,019 | 1,244 | 1,417 | 1,733 | 1,832 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 0 | 98 | 102 | 202 | 256 | 232 | 286 | 393 | |
| 0 | -864 | 98 | -106 | -125 | -214 | -172 | -323 | |
| 0 | 779 | -206 | -89 | -115 | 8 | -125 | -95 | |
| Net Cash Flow | 0 | 14 | -5 | 6 | 16 | 26 | -10 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 182 | 64 | 77 | 63 | 62 | 65 | 62 | |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 182 | 64 | 77 | 63 | 62 | 65 | 62 | |
| Working Capital Days | 40 | 16 | 5 | 22 | -37 | 31 | 30 | |
| ROCE % | 7% | 9% | 16% | 35% | 29% | 30% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
18h - Of Allotment of Equity Shares Pursuant to exercise of options by the eligible grantees
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Investor meetings scheduled Nov 12, 18, 20 at Anand Rathi, Indus (Tokyo), Avendus Spark, Kotak Midcap.
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Intimation Of Schedule Of Analyst / Institutional Investors' Meet
1d - Analyst/institutional one-to-one meeting with Pari Washington on Nov 17, 2025 in Hyderabad.
- Intimation Of Schedule Of Analyst / Institutional Investors' Meet 1d
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Nov - Transcript of Earnings Conference Call held on October 28, 2025
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
Business Profile[1]
KFin Technologies Limited is a leading tech-driven financial services platform catering to the capital markets ecosystem in India and globally.