KFin Technologies Ltd

KFin Technologies Ltd

₹ 616 -1.65%
19 Apr 4:01 p.m.
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 Services[1]
1. Investor solutions - Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping.
Domestic mutual funds, International, Pension services, Alternatives, and wealth management.
2. Issuer solutions: Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault
3. Global business Domestic mutual services: Mortgage Services Legal Services Transfer Agency Finance and Accounting.

  • Market Cap 10,531 Cr.
  • Current Price 616
  • High / Low 732 / 291
  • Stock P/E 45.9
  • Book Value 58.2
  • Dividend Yield 0.00 %
  • ROCE 29.5 %
  • ROE 25.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 389% CAGR over last 5 years

Cons

  • Stock is trading at 10.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -10.1%

* 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: Financial Services Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
165 175 162 175 181 178 176 200 211
92 90 100 105 102 94 105 107 115
Operating Profit 74 85 62 70 80 84 71 93 96
OPM % 45% 48% 38% 40% 44% 47% 40% 46% 45%
2 1 2 2 6 6 5 6 6
Interest 26 3 3 3 3 3 3 3 1
Depreciation 9 10 11 11 12 10 11 12 12
Profit before tax 41 74 52 60 72 77 62 84 89
Tax % 28% 28% 26% 20% 25% 26% 27% 27% 26%
29 53 38 48 53 57 45 62 66
EPS in Rs 1.75 3.16 2.27 2.86 3.18 3.37 2.64 3.64 3.86
Raw PDF
Upcoming result date: 29 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 159 441 472 625 696 764
0 98 283 262 337 400 421
Operating Profit -0 61 157 210 288 297 343
OPM % 38% 36% 44% 46% 43% 45%
0 2 8 5 9 17 24
Interest 0 19 53 52 53 11 10
Depreciation 0 30 92 98 36 43 46
Profit before tax -0 14 20 64 208 259 311
Tax % 36% 37% 70% 204% 26% 24%
-0 8 6 -67 153 196 230
EPS in Rs -70.00 0.51 0.39 -4.46 9.13 11.60 13.51
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 389%
3 Years: 223%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 108%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 17%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 166 151 151 168 169 170
Reserves -0 353 258 193 478 702 823
Preference Capital 0 0 0 0 123 0
0 389 343 346 36 159 186
0 85 115 230 338 213 233
Total Liabilities 0 993 868 919 1,019 1,244 1,413
0 696 682 621 629 651 731
CWIP 0 0 0 3 35 40 2
Investments 0 126 29 110 147 290 400
0 171 156 186 209 263 279
Total Assets 0 993 868 919 1,019 1,244 1,413

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 98 102 202 256 232
0 -864 98 -106 -125 -214
0 779 -206 -89 -115 8
Net Cash Flow 0 14 -5 6 16 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 182 64 77 63 62
Inventory Days
Days Payable
Cash Conversion Cycle 182 64 77 63 62
Working Capital Days 40 16 5 28 33
ROCE % 7% 9% 16% 35% 29%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.91% 49.42% 49.22% 49.12% 39.05% 38.97%
8.36% 8.04% 8.08% 9.22% 12.13% 16.73%
23.61% 23.55% 23.42% 22.05% 24.64% 20.98%
18.11% 18.98% 19.29% 19.61% 24.18% 23.31%
No. of Shareholders 91,61783,84378,77266,79989,50991,348

* 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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