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 ₹ 620 Cr.
- Current Price ₹ 248
- High / Low ₹ 321 / 110
- Stock P/E 43.8
- Book Value ₹ 42.4
- Dividend Yield 0.00 %
- ROCE 22.6 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
- Debtor days have improved from 32.2 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
Half Yearly 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 | 8 | 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: | 89% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 54% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 |
| Reserves | 8 | 13 | 19 | 11 | 81 |
| 16 | 5 | 14 | 29 | 15 | |
| 77 | 81 | 65 | 91 | 97 | |
| Total Liabilities | 101 | 99 | 99 | 149 | 217 |
| 7 | 7 | 15 | 32 | 41 | |
| CWIP | 3 | 4 | 1 | 0 | 0 |
| Investments | 3 | 3 | 20 | 6 | 17 |
| 88 | 85 | 64 | 111 | 159 | |
| Total Assets | 101 | 99 | 99 | 149 | 217 |
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 | ||
| Days Payable | 37 | 33 | 5 | ||
| Cash Conversion Cycle | 19 | 4 | 20 | 61 | 23 |
| Working Capital Days | -147 | -151 | -83 | -80 | -35 |
| ROCE % | 37% | 36% | 30% | 23% |
Documents
Announcements
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Structural Digital Database
1 July 2025 - SDD compliance certificate confirming no non-compliance for FY ended March 31, 2025.
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General Updates
28 June 2025 - RNFI delays Rs. 6 Cr rights issue completion to Dec 30, 2025, for RBI license compliance.
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Disclosure under SEBI Takeover Regulations
19 June 2025 - RNFI Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Analysts/Institutional Investor Meet/Con. Call Updates
12 June 2025 - Investor meeting on June 17, 2025, with funds via video conferencing; no unpublished info shared.
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Analysts/Institutional Investor Meet/Con. Call Updates
9 June 2025 - Investor meeting on June 12 with CEO, ED, CFO; no unpublished price sensitive info shared.
Annual reports
Concalls
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Jun 2025Transcript PPT
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Nov 2024TranscriptNotesPPT
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.