KFin Technologies Ltd

KFin Technologies Ltd

₹ 912 1.80%
06 May - 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 Profile[1]
KFin Technologies Limited is a leading tech-driven financial services platform catering to the capital markets ecosystem in India and globally.

  • Market Cap 15,726 Cr.
  • Current Price 912
  • High / Low 1,388 / 857
  • Stock P/E 44.6
  • Book Value 97.0
  • Dividend Yield 0.82 %
  • ROCE 30.5 %
  • ROE 22.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 49.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 46.3%

Cons

  • Stock is trading at 9.41 times its book value
  • Promoter holding has decreased over last 3 years: -26.6%
  • Working capital days have increased from 59.9 days to 115 days

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
183 182 209 219 228 238 280 290 283 274 309 371 347
99 112 116 121 125 138 154 159 160 160 174 219 219
Operating Profit 84 70 93 98 104 100 127 131 122 114 136 152 128
OPM % 46% 39% 45% 45% 45% 42% 45% 45% 43% 41% 44% 41% 37%
6 5 6 6 7 8 11 9 10 10 11 -2 11
Interest 3 3 3 1 1 1 1 1 1 1 1 1 1
Depreciation 11 12 13 13 15 15 17 16 17 18 18 23 27
Profit before tax 76 60 84 89 94 92 119 122 114 105 127 125 111
Tax % 25% 28% 27% 25% 21% 26% 25% 26% 26% 26% 26% 27% 27%
57 43 61 67 74 68 89 90 85 77 93 92 81
EPS in Rs 3.37 2.55 3.61 3.92 4.36 3.97 5.21 5.25 4.94 4.49 5.42 5.33 4.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
162 450 481 640 720 838 1,091 1,301
97 291 269 352 422 473 612 773
Operating Profit 66 159 212 288 298 364 479 529
OPM % 40% 35% 44% 45% 41% 43% 44% 41%
2 5 5 6 17 25 38 30
Interest 20 53 52 53 11 9 5 5
Depreciation 34 92 98 37 47 53 64 86
Profit before tax 14 19 68 204 258 327 448 468
Tax % 35% 76% 196% 27% 24% 25% 26% 27%
9 5 -65 149 196 246 333 344
EPS in Rs 0.54 0.30 -4.28 8.87 11.57 14.39 19.33 19.92
Dividend Payout % 0% 0% 0% 0% 0% 40% 39% 60%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 22%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 50%
3 Years: 22%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 42%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 24%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 166 151 151 168 169 171 172 173
Reserves 353 259 196 477 701 970 1,236 1,501
435 413 383 160 160 49 47 55
68 46 194 222 220 229 296 1,045
Total Liabilities 1,022 868 923 1,026 1,250 1,418 1,750 2,774
732 691 630 669 691 764 803 1,834
CWIP 0 0 3 35 40 37 29 5
Investments 112 14 95 93 229 150 462 239
178 163 196 230 291 467 456 695
Total Assets 1,022 868 923 1,026 1,250 1,418 1,750 2,774

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
63 101 205 253 223 289 399 370
-816 94 -104 -115 -204 -178 -322 -203
775 -206 -89 -115 7 -127 -95 -134
Net Cash Flow 23 -11 11 22 27 -15 -18 33
Free Cash Flow 58 94 175 185 154 204 313 259
CFO/OP 124% 83% 98% 105% 94% 97% 103% 90%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 198 72 84 64 64 66 64 76
Inventory Days
Days Payable
Cash Conversion Cycle 198 72 84 64 64 66 64 76
Working Capital Days -13 16 5 22 -34 34 31 115
ROCE % 8% 15% 34% 29% 30% 33% 30%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Domestic Mutual Fund AAUM (Average Assets Under Management)
₹ billion

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AIF (Alternative Investment Fund) AAUM
₹ trillion
Equity AAUM Market Share
%
Investor Folios Managed (MF)
million
NPS (National Pension System) Subscriber Base
million
Number of Issuer Solutions Clients
units
Overall Domestic MF AAUM Market Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
49.22% 49.12% 39.05% 38.97% 33.06% 33.04% 32.96% 32.91% 22.90% 22.89% 22.87% 22.86%
8.08% 9.22% 12.13% 16.73% 22.80% 24.61% 25.40% 22.56% 27.81% 25.53% 26.16% 26.26%
23.42% 22.05% 24.64% 20.98% 21.47% 20.61% 19.42% 20.37% 23.71% 24.81% 24.88% 25.22%
19.29% 19.61% 24.18% 23.31% 22.67% 21.74% 22.22% 24.15% 25.59% 26.76% 26.11% 25.66%
No. of Shareholders 78,77266,79989,50991,34898,1261,27,8661,64,6102,27,7562,43,5372,63,6962,55,9392,45,764

* 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.

Click on the line-items to see the names of individual entities.

Documents

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