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 ₹ 19,794 Cr.
- Current Price ₹ 1,148
- High / Low ₹ 1,641 / 784
- Stock P/E 57.9
- Book Value ₹ 81.8
- Dividend Yield 0.65 %
- 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 14.0 times its book value
- Promoter holding has decreased over last quarter: -10.0%
* 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 | 1,127 | |
| 97 | 291 | 269 | 352 | 422 | 473 | 612 | 634 | |
| Operating Profit | 66 | 159 | 212 | 288 | 298 | 364 | 479 | 493 |
| OPM % | 40% | 35% | 44% | 45% | 41% | 43% | 44% | 44% |
| 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 | 67 |
| Profit before tax | 14 | 19 | 68 | 204 | 258 | 327 | 448 | 461 |
| Tax % | 35% | 76% | 196% | 27% | 24% | 25% | 26% | |
| 9 | 5 | -65 | 149 | 196 | 246 | 333 | 342 | |
| EPS in Rs | 0.54 | 0.30 | -4.28 | 8.87 | 11.57 | 14.39 | 19.33 | 19.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 40% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 134% |
| 3 Years: | 29% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 18% |
| 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 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 166 | 151 | 151 | 168 | 169 | 171 | 172 |
| Reserves | 353 | 259 | 196 | 477 | 701 | 970 | 1,236 |
| 435 | 413 | 383 | 160 | 160 | 49 | 47 | |
| 68 | 46 | 194 | 222 | 220 | 229 | 296 | |
| Total Liabilities | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 |
| 732 | 691 | 630 | 669 | 691 | 764 | 803 | |
| CWIP | 0 | 0 | 3 | 35 | 40 | 37 | 29 |
| Investments | 112 | 14 | 95 | 93 | 229 | 150 | 462 |
| 178 | 163 | 196 | 230 | 291 | 467 | 456 | |
| Total Assets | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,750 |
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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Oct
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Announcement under Regulation 30 (LODR)-Change in Management
14 Oct - Board reclassified Santosh Kalavagunta from Senior Management to Non-SMP effective October 14, 2025; remains in same role.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Oct - KFintech acquires 51% of Ascent for USD 34.68m; remaining 49% earnouts through 2028-2030.
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Completion Of Acquisition Of 51% Controlling Stake In Ascent Fund Services (Singapore) Pte. Ltd.
13 Oct - Completed acquisition of 51% in Ascent Fund Services (Singapore) for USD 34,680,013.93 on October 13, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Oct - Registrar certifies no dematerialisation requests for KFin Technologies for quarter ended Sep 30, 2025.
Annual reports
Concalls
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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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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.