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 ₹ 18,975 Cr.
- Current Price ₹ 1,100
- High / Low ₹ 1,641 / 784
- Stock P/E 54.9
- Book Value ₹ 84.9
- Dividend Yield 0.68 %
- 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 13.0 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
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: | 47% |
| 1 Year: | -27% |
| 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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Board Meeting Intimation for Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Nine Months Ending December 31, 2025
24 Dec - Board meeting on Feb 13, 2026 to approve unaudited Q3 and nine-month results ending Dec 31, 2025.
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Closure of Trading Window
24 Dec - Trading window closed from Jan 01, 2026 until 48 hours after Dec 31, 2025 results declared.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Dec - Of Allotment of Equity Shares pursuant to exercise of options by the eligible grantees
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Intimation Of Schedule Of Analyst / Institutional Investors' Meet
18 Dec - Meets on Dec 23, 2025 with Renaissance (Mumbai, in-person) and Alturas (virtual).
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 18 Dec
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.