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 ₹ 768 Cr.
- Current Price ₹ 306
- High / Low ₹ 404 / 205
- Stock P/E 45.0
- 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
- 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: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 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
-
Shareholders meeting
30 January 2026 - EGM Jan 30, 2026: Special resolution passed to alter memorandum object clause; 17,496,508 votes (100%) in favour.
-
Amendment to AOA/MOA
30 January 2026 - EGM Jan 30, 2026 approved MOA amendment to add payment aggregator, white-label ATMs, KYC services.
-
Shareholders meeting
30 January 2026 - EGM on Jan 30, 2026 held; special resolution proposed to alter Memorandum of Association object clause.
-
Reply to Clarification- Financial results
20 January 2026 - Unaudited standalone and consolidated Q2/H1 results ended 30 Sep 2025; limited review; machine-readable resubmitted.
-
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
16 January 2026 - Reliassure (RNFI subsidiary) received IRDAI approval to open two new branches.
Annual reports
Concalls
-
Nov 2025Transcript PPT
-
Nov 2025TranscriptAI SummaryPPT
-
Jun 2025Transcript PPT
-
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.