KFin Technologies Ltd

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.

  • 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

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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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
Raw PDF

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.

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

Documents