RNFI Services Ltd
Incorporated in 2015, RNFI Services Ltd is a fintech firm that offers B2B and B2B2C solutions through its online portal and mobile application.[1]
- Market Cap ₹ 850 Cr.
- Current Price ₹ 339
- High / Low ₹ 404 / 130
- Stock P/E 49.8
- Book Value ₹ 46.3
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 20.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.5%
- Debtor days have improved from 32.3 to 22.7 days.
Cons
- Stock is trading at 7.32 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Financial Services Financial Services Finance Other Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 134 | 152 | 145 | 146 | 275 | |
| 125 | 146 | 137 | 137 | 251 | |
| Operating Profit | 9 | 6 | 7 | 9 | 25 |
| OPM % | 7% | 4% | 5% | 6% | 9% |
| 2 | 2 | 3 | 7 | 7 | |
| Interest | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 2 | 11 |
| Profit before tax | 10 | 7 | 8 | 12 | 18 |
| Tax % | 27% | 27% | 24% | 23% | 23% |
| 7 | 5 | 6 | 9 | 14 | |
| EPS in Rs | 720.00 | 538.00 | 633.00 | 5.05 | 5.66 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 142% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 | 25 |
| Reserves | 8 | 13 | 19 | 11 | 81 | 91 |
| 16 | 5 | 14 | 29 | 15 | 17 | |
| 77 | 81 | 65 | 91 | 97 | 102 | |
| Total Liabilities | 101 | 99 | 99 | 149 | 217 | 235 |
| 7 | 7 | 15 | 31 | 41 | 44 | |
| CWIP | 3 | 4 | 1 | 1 | 0 | 0 |
| Investments | 3 | 3 | 20 | 6 | 17 | 19 |
| 88 | 85 | 64 | 111 | 159 | 172 | |
| Total Assets | 101 | 99 | 99 | 149 | 217 | 235 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 23 | 1 | -22 | 28 | 21 | |
| -9 | -0 | -12 | -18 | -40 | |
| 14 | -12 | 9 | 12 | 46 | |
| Net Cash Flow | 28 | -11 | -25 | 23 | 27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 14 | 18 | 13 | 61 | 23 |
| Inventory Days | 41 | 18 | 11 | 19 | |
| Days Payable | 37 | 33 | 5 | 141 | |
| Cash Conversion Cycle | 19 | 4 | 20 | -61 | 23 |
| Working Capital Days | -191 | -153 | -90 | -113 | -37 |
| ROCE % | 37% | 36% | 31% | 23% |
Documents
Announcements
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General Updates
24 November 2025 - NSE approved trading from Nov 25, 2025 of 107,963 shares at Rs270; lock-in till Jun 29, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
22 November 2025 - RNFI executives attended Smallcap Spotlight Conference on Nov 22, 2025; no UPSI disclosed.
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Investor Presentation
21 November 2025 - Q2 & H1 FY26 investor presentation; H1 revenue INR 471.4 Cr, PAT INR 14.6 Cr; Nov 22, 2025.
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Analysts/Institutional Investor Meet/Con. Call Updates
19 November 2025 - Transcript of H1 FY26 earnings call (Nov 14, 2025) hosted on company website.
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Analysts/Institutional Investor Meet/Con. Call Updates
19 November 2025 - RNFI to attend Smallcap Spotlight Conference on Nov 22, 2025 at BSE Rotunda, Mumbai, 11:00 AM; no UPSI.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT
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Nov 2024TranscriptAI SummaryPPT
Business Overview:[1]
RNFISL operates as a business correspondent for various banks and payment banks. It offers services such as domestic money transfers, IMPS, Aadhaar Enabled Payment System (AEPS), mobile recharges, railway and air ticket bookings, cash management, EMI collection, and related services through a nationwide network of retailers, distributors, partners, and super distributors.