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 ₹ 17,115 Cr.
- Current Price ₹ 992
- High / Low ₹ 1,388 / 784
- Stock P/E 49.5
- Book Value ₹ 84.9
- Dividend Yield 0.76 %
- ROCE 32.8 %
- ROE 25.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 134% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
- Company has been maintaining a healthy dividend payout of 26.2%
Cons
- Stock is trading at 11.7 times its book value
- Promoter holding has decreased over last 3 years: -27.0%
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 162 | 450 | 481 | 640 | 720 | 838 | 1,091 | 1,156 | |
| 97 | 291 | 269 | 352 | 422 | 473 | 612 | 654 | |
| Operating Profit | 66 | 159 | 212 | 288 | 298 | 364 | 479 | 502 |
| OPM % | 40% | 35% | 44% | 45% | 41% | 43% | 44% | 43% |
| 2 | 5 | 5 | 6 | 17 | 25 | 38 | 40 | |
| Interest | 20 | 53 | 52 | 53 | 11 | 9 | 5 | 5 |
| Depreciation | 34 | 92 | 98 | 37 | 47 | 53 | 64 | 69 |
| Profit before tax | 14 | 19 | 68 | 204 | 258 | 327 | 448 | 468 |
| Tax % | 35% | 76% | 196% | 27% | 24% | 25% | 26% | |
| 9 | 5 | -65 | 149 | 196 | 246 | 333 | 346 | |
| EPS in Rs | 0.54 | 0.30 | -4.28 | 8.87 | 11.57 | 14.39 | 19.33 | 20.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 40% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 134% |
| 3 Years: | 29% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 25% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 166 | 151 | 151 | 168 | 169 | 171 | 172 | 172 |
| Reserves | 353 | 259 | 196 | 477 | 701 | 970 | 1,236 | 1,291 |
| 435 | 413 | 383 | 160 | 160 | 49 | 47 | 47 | |
| 68 | 46 | 194 | 222 | 220 | 229 | 296 | 346 | |
| Total Liabilities | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 | 1,856 |
| 732 | 691 | 630 | 669 | 691 | 764 | 803 | 837 | |
| CWIP | 0 | 0 | 3 | 35 | 40 | 37 | 29 | 10 |
| Investments | 112 | 14 | 95 | 93 | 229 | 150 | 462 | 466 |
| 178 | 163 | 196 | 230 | 291 | 467 | 456 | 544 | |
| Total Assets | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 | 1,856 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 63 | 101 | 205 | 253 | 223 | 289 | 399 | |
| -816 | 94 | -104 | -115 | -204 | -178 | -322 | |
| 775 | -206 | -89 | -115 | 7 | -127 | -95 | |
| Net Cash Flow | 23 | -11 | 11 | 22 | 27 | -15 | -18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 198 | 72 | 84 | 64 | 64 | 66 | 64 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 198 | 72 | 84 | 64 | 64 | 66 | 64 |
| Working Capital Days | -13 | 16 | 5 | 22 | -34 | 34 | 31 |
| ROCE % | 8% | 15% | 34% | 29% | 30% | 33% |
Documents
Announcements
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Update On Request For Re-Classification Of Entity Forming Part Of The 'Promoter(S) Group' Category
1d - KFin submitted Feb 04, 2026 application to exchanges to reclassify Capital Foods Pvt Ltd from Promoter to Public.
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Update On Request For Re-Classification Of Entity Forming Part Of The ''Promoter(S) Group'' Category
2d - Submitted Feb 03, 2026 application to NSE/BSE to reclassify House of Anita Dongre from promoter group to public.
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Update On Requests For Re-Classification Of Entities Forming Part Of The ''Promoter(S) Group'' Category
2 Feb - Board approved HADPL and CFPL re-classification requests to 'Public', subject to exchanges' no-objection.
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Announcement under Regulation 30 (LODR)-Change in Management
31 Jan - Manju Anand resigns as Chief Compliance Officer and Legal Head; tendered Sep 25, 2025; effective Jan 31, 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Jan
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.