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 ₹ 16,503 Cr.
- Current Price ₹ 957
- High / Low ₹ 1,388 / 829
- Stock P/E 46.7
- Book Value ₹ 84.8
- Dividend Yield 0.78 %
- 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 11.3 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 | 1,237 | |
| 97 | 291 | 269 | 352 | 422 | 473 | 612 | 714 | |
| Operating Profit | 66 | 159 | 212 | 288 | 298 | 364 | 479 | 523 |
| OPM % | 40% | 35% | 44% | 45% | 41% | 43% | 44% | 42% |
| 2 | 5 | 5 | 6 | 17 | 25 | 38 | 29 | |
| Interest | 20 | 53 | 52 | 53 | 11 | 9 | 5 | 5 |
| Depreciation | 34 | 92 | 98 | 37 | 47 | 53 | 64 | 76 |
| Profit before tax | 14 | 19 | 68 | 204 | 258 | 327 | 448 | 471 |
| Tax % | 35% | 76% | 196% | 27% | 24% | 25% | 26% | |
| 9 | 5 | -65 | 149 | 196 | 246 | 333 | 348 | |
| EPS in Rs | 0.54 | 0.30 | -4.28 | 8.87 | 11.57 | 14.39 | 19.33 | 20.18 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 40% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 134% |
| 3 Years: | 29% |
| TTM: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| 1 Year: | 10% |
| 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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Certificate Of Registration Granted To Kfin Global Technologies (IFSC) Limited Under IFSCA'S Techfin And Ancillary Services Framework
22h - IFSCA granted perpetual Certificate of Registration to KFin Global Technologies (IFSC) on Feb 26, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - MFC Technologies appoints Rajesh Krishnamoorthy CEO and Supratim Bandyopadhyay Non-Executive Chairman (25 Feb 2026).
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Intimation Of Schedule Of Analyst / Institutional Investors' Meet
24 Feb - Analyst/institutional investor meetings: Feb 27 Millennium Partners (virtual); Mar 6 Mondrian Investment Partners (in-person, Mumbai).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Feb - Enables instant NPS Swasthya withdrawals via Apollo 24/7 with ICICI Prudential (Feb 24, 2026).
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Intimation Of Environmental, Social, And Governance ('ESG') Rating For The Financial Year 2024-25
24 Feb - NSE Ratings assigned KFin Technologies an ESG score of 66 ('Aspiring') for FY2024-25, disclosed Feb 23, 2026.
Annual reports
Concalls
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Business Profile[1]
KFin Technologies Limited is a leading tech-driven financial services platform catering to the capital markets ecosystem in India and globally.