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 ₹ 614 Cr.
- Current Price ₹ 245
- High / Low ₹ 404 / 205
- Stock P/E 32.2
- 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: | 9% |
| 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% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Number of Institutional Partners/Clients Number |
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| Active Sahayaks (Agents) Number |
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| Average Revenue Per User (ARPU) Monthly INR |
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| PIN Codes Covered Number |
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Documents
Announcements
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Action(s) initiated or orders passed
10 March 2026 - RNFI received INR 1,61,05,460 tax demand (Section 143(3)) for AY 2024-25; order dated March 8, 2026.
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Incorporation
9 March 2026 - MCA approved name; Board approved up to Rs.2,00,00,000 investment to set up RNFI Asset Distribution Pvt Ltd.
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General Updates
2 March 2026 - RNFI Money empaneled with Canara Bank for 2026 foreign currency transactions; holds RBI AD-II license.
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Analysts/Institutional Investor Meet/Con. Call Updates
18 February 2026 - Q3 FY26 earnings conference call transcript dated Feb 13, 2026 hosted online.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 February 2026 - Video recording of RNFI Q3 FY26 earnings call (13-Feb-2026) available on company website.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptPPTREC
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May 2025TranscriptAI SummaryPPT REC
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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.