KFin Technologies Ltd

KFin Technologies Ltd

₹ 858 -1.21%
24 Jul - close price
About

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]

Key Points

Business Profile[1]
KFin Technologies Limited is a leading tech-driven financial services platform catering
to the capital markets ecosystem in India
and globally.

  • Market Cap 14,824 Cr.
  • Current Price 858
  • High / Low 1,217 / 785
  • Stock P/E 41.4
  • Book Value 95.4
  • Dividend Yield 1.40 %
  • ROCE 30.6 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 48.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
  • Company has been maintaining a healthy dividend payout of 46.5%

Cons

  • Stock is trading at 8.99 times its book value
  • Promoter holding has decreased over last 3 years: -26.4%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
176 200 211 224 230 269 282 274 264 297 313 284 287
105 107 115 126 132 146 152 158 155 167 166 164 171
Operating Profit 71 93 96 99 98 123 131 117 110 130 147 120 115
OPM % 40% 46% 45% 44% 43% 46% 46% 43% 42% 44% 47% 42% 40%
5 6 6 6 8 8 9 9 10 10 -2 10 10
Interest 3 3 1 1 1 1 1 1 1 1 1 1 1
Depreciation 11 12 12 13 14 15 15 15 16 16 17 17 18
Profit before tax 62 84 89 91 91 115 123 109 103 123 126 112 106
Tax % 27% 27% 26% 20% 26% 26% 26% 26% 26% 26% 26% 24% 25%
45 62 66 73 68 85 91 81 76 91 94 85 80
EPS in Rs 2.64 3.64 3.86 4.25 3.96 4.97 5.30 4.73 4.42 5.29 5.45 4.93 4.61
Raw PDF

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 Mar 2026 TTM
0 159 441 472 625 696 811 1,056 1,159 1,181
0 98 283 262 337 400 453 587 651 668
Operating Profit -0 61 157 210 288 297 358 469 508 513
OPM % 38% 36% 44% 46% 43% 44% 44% 44% 43%
0 2 8 5 9 17 24 34 28 28
Interest 0 19 53 52 53 11 8 5 4 4
Depreciation 0 30 92 98 36 43 49 59 67 69
Profit before tax -0 14 20 64 208 259 325 438 464 468
Tax % -36% 37% 70% 204% 26% 24% 25% 26% 25%
-0 8 6 -67 153 196 245 326 346 350
EPS in Rs -70.00 0.51 0.39 -4.46 9.13 11.60 14.35 18.92 20.07 20.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 40% 40% 60%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 19%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 49%
3 Years: 22%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: -26%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 24%
Last Year: 23%

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 Mar 2026
Equity Capital 0.01 166 151 151 168 169 171 172 173
Reserves -0 353 258 193 478 702 971 1,228 1,473
0 389 343 346 158 159 48 45 42
0 85 115 230 216 213 228 288 327
Total Liabilities 0 993 868 919 1,019 1,244 1,417 1,733 2,015
0 696 682 621 629 651 714 747 748
CWIP 0 0 0 3 35 40 36 31 54
Investments 0 126 29 110 147 290 225 535 652
0 171 156 186 209 263 443 421 561
Total Assets 0 993 868 919 1,019 1,244 1,417 1,733 2,015

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 Mar 2026
0 98 102 202 256 232 286 393 384
0 -864 98 -106 -125 -214 -172 -330 -246
0 779 -206 -89 -115 8 -125 -95 -131
Net Cash Flow 0 14 -5 6 16 26 -10 -31 7
Free Cash Flow 0 93 95 172 190 167 207 308 307
CFO/OP 0% 191% 84% 97% 106% 97% 98% 103% 96%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 182 64 77 63 62 65 62 66
Inventory Days
Days Payable
Cash Conversion Cycle 182 64 77 63 62 65 62 66
Working Capital Days 40 16 5 22 -37 31 30 53
ROCE % 7% 9% 16% 35% 29% 30% 34% 31%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Domestic MF AAUM Market Share
%

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Domestic MF AAUM Serviced
₹ billion
NPS Subscribers
Number
Number of AIF Funds serviced
Number
Number of Corporate Clients (Issuer Solutions)
Number
Number of International Clients (Investor Solutions)
Number
Main Board IPOs Handled (Issuer Solutions)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
49.12% 39.05% 38.97% 33.06% 33.04% 32.96% 32.91% 22.90% 22.89% 22.87% 22.86% 22.82%
9.22% 12.13% 16.73% 22.80% 24.61% 25.40% 22.56% 27.81% 25.53% 26.16% 26.26% 20.73%
22.05% 24.64% 20.98% 21.47% 20.61% 19.42% 20.37% 23.71% 24.81% 24.88% 25.22% 27.31%
19.61% 24.18% 23.31% 22.67% 21.74% 22.22% 24.15% 25.59% 26.76% 26.11% 25.66% 29.14%
No. of Shareholders 66,79989,50991,34898,1261,27,8661,64,6102,27,7562,43,5372,63,6962,55,9392,45,7642,66,471

* 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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