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 ₹ 15,726 Cr.
- Current Price ₹ 912
- High / Low ₹ 1,388 / 857
- Stock P/E 44.6
- Book Value ₹ 97.0
- Dividend Yield 0.82 %
- ROCE 30.5 %
- ROE 22.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 49.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 46.3%
Cons
- Stock is trading at 9.41 times its book value
- Promoter holding has decreased over last 3 years: -26.6%
- Working capital days have increased from 59.9 days to 115 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 162 | 450 | 481 | 640 | 720 | 838 | 1,091 | 1,301 | |
| 97 | 291 | 269 | 352 | 422 | 473 | 612 | 773 | |
| Operating Profit | 66 | 159 | 212 | 288 | 298 | 364 | 479 | 529 |
| OPM % | 40% | 35% | 44% | 45% | 41% | 43% | 44% | 41% |
| 2 | 5 | 5 | 6 | 17 | 25 | 38 | 30 | |
| Interest | 20 | 53 | 52 | 53 | 11 | 9 | 5 | 5 |
| Depreciation | 34 | 92 | 98 | 37 | 47 | 53 | 64 | 86 |
| Profit before tax | 14 | 19 | 68 | 204 | 258 | 327 | 448 | 468 |
| Tax % | 35% | 76% | 196% | 27% | 24% | 25% | 26% | 27% |
| 9 | 5 | -65 | 149 | 196 | 246 | 333 | 344 | |
| EPS in Rs | 0.54 | 0.30 | -4.28 | 8.87 | 11.57 | 14.39 | 19.33 | 19.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 40% | 39% | 60% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 22% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 24% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 166 | 151 | 151 | 168 | 169 | 171 | 172 | 173 |
| Reserves | 353 | 259 | 196 | 477 | 701 | 970 | 1,236 | 1,501 |
| 435 | 413 | 383 | 160 | 160 | 49 | 47 | 55 | |
| 68 | 46 | 194 | 222 | 220 | 229 | 296 | 1,045 | |
| Total Liabilities | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 | 2,774 |
| 732 | 691 | 630 | 669 | 691 | 764 | 803 | 1,834 | |
| CWIP | 0 | 0 | 3 | 35 | 40 | 37 | 29 | 5 |
| Investments | 112 | 14 | 95 | 93 | 229 | 150 | 462 | 239 |
| 178 | 163 | 196 | 230 | 291 | 467 | 456 | 695 | |
| Total Assets | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 | 2,774 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 63 | 101 | 205 | 253 | 223 | 289 | 399 | 370 | |
| -816 | 94 | -104 | -115 | -204 | -178 | -322 | -203 | |
| 775 | -206 | -89 | -115 | 7 | -127 | -95 | -134 | |
| Net Cash Flow | 23 | -11 | 11 | 22 | 27 | -15 | -18 | 33 |
| Free Cash Flow | 58 | 94 | 175 | 185 | 154 | 204 | 313 | 259 |
| CFO/OP | 124% | 83% | 98% | 105% | 94% | 97% | 103% | 90% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 198 | 72 | 84 | 64 | 64 | 66 | 64 | 76 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 198 | 72 | 84 | 64 | 64 | 66 | 64 | 76 |
| Working Capital Days | -13 | 16 | 5 | 22 | -34 | 34 | 31 | 115 |
| ROCE % | 8% | 15% | 34% | 29% | 30% | 33% | 30% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Domestic Mutual Fund AAUM (Average Assets Under Management) ₹ billion |
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| AIF (Alternative Investment Fund) AAUM ₹ trillion |
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| Equity AAUM Market Share % |
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| Investor Folios Managed (MF) million |
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| NPS (National Pension System) Subscriber Base million |
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| Number of Issuer Solutions Clients units |
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| Overall Domestic MF AAUM Market Share % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Extract of audited consolidated financial results for the quarter and financial year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Apr - Audio recording of Q4FY26 and FY2026 earnings conference call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Apr - Investor Presentation and Factsheet on performance of the Company for the quarter and financial year ended March 31, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Apr - KFin Technologies reported Q4FY26 and FY26 results, proposed ₹12 dividend, and highlighted client and AUM growth.
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Submission Of Standalone And Consolidated Audited Financial Results
29 Apr - KFin Technologies approved FY26 audited results and recommended Rs.12 final dividend per share.
Annual reports
Concalls
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Apr 2026TranscriptPPT REC
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Feb 2026TranscriptPPT
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Feb 2026Transcript PPT
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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.