KFin Technologies Ltd

₹ 292 -2.62%

24 Mar - close price

About

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]

Key Points

Business Services^[1]
1. Investor solutions - Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping.
Domestic mutual funds, International, Pension services, Alternatives, and wealth management.
2. Issuer solutions: Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault
3. Global business Domestic mutual services: Mortgage Services Legal Services Transfer Agency Finance and Accounting.

Website BSE NSE

Market Cap ₹ 4,942 Cr.
Current Price ₹ 292
High / Low ₹ 373 / 272
Stock P/E 33.3
Book Value ₹ 38.4
Dividend Yield 0.00 %
ROCE 33.5 %
ROE 26.7 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 7.60 times its book value
Company has a low return on equity of 6.33% over last 3 years.
Company's cost of borrowing seems high

* 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Sep 2022	Dec 2022
	168	179	188
	94	108	107
Operating Profit	74	71	81
OPM %	44%	40%	43%
	2	2	6
Interest	26	3	3
Depreciation	9	11	13
Profit before tax	41	60	71
Tax %	27%	19%	25%
Net Profit	30	48	53
EPS in Rs	1.78	2.86	3.19
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	162	450	481	640
	97	291	269	352
Operating Profit	66	159	212	288
OPM %	40%	35%	44%	45%
	2	5	5	6
Interest	20	53	52	53
Depreciation	34	92	98	37
Profit before tax	14	19	68	204
Tax %	35%	76%	196%	27%
Net Profit	9	5	-65	149
EPS in Rs	0.54	0.30	-4.28	8.87
Dividend Payout %	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	58%
TTM:	33%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	155%
TTM:	330%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	6%
Last Year:	27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	166	151	151	290
Reserves	353	259	196	477
	435	413	383	37
	68	46	194	345
Total Liabilities	1,022	868	923	1,026
	732	691	630	669
CWIP	0	0	3	35
Investments	112	14	95	93
	178	163	196	230
Total Assets	1,022	868	923	1,026

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	63	101	205	253
	-816	94	-104	-115
	775	-206	-89	-115
Net Cash Flow	23	-11	11	22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	198	72	84	64
Inventory Days
Days Payable
Cash Conversion Cycle	198	72	84	64
Working Capital Days	42	24	53	29
ROCE %		8%	15%	34%

Shareholding Pattern

Numbers in percentages

1 recently

	Dec 2022
	49.91
	8.36
	23.61
	18.11

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

All

Annual reports

No data available.

DRHP

Concalls

Feb 2023
Transcript PPT