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 ₹ 744 Cr.
- Current Price ₹ 298
- High / Low ₹ 349 / 110
- Stock P/E 52.7
- 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
- Stock is trading at 7.04 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
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: | 94% |
| 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 | -191 | -153 | -90 | -112 | -37 |
| ROCE % | 37% | 36% | 30% | 23% |
Documents
Announcements
-
Shareholders meeting
4 September 2025 - EGM on Sept 03, 2025 approved increase in authorised capital; 2,325,918 warrants and 107,963 preferential shares issuance.
-
Amendment to AOA/MOA
3 September 2025 - Shareholders approved MOA amendment on 03-Sep-2025 increasing authorized capital to Rs29,99,00,000 (2,99,90,000 shares of Rs10).
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Shareholders meeting
3 September 2025 - 03-Sep-2025 EGM: authorised capital increase; issue up to 2,325,918 warrants and 107,963 preferential shares.
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General Updates
3 September 2025 - Corrigendum: EGM on Sept 3, 2025 for preferential issue—23,25,918 warrants at Rs270 (≈Rs62.80cr) and 1,07,963 shares at Rs270
-
Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
28 August 2025 - Reliassure IRDAI renewal for Direct Broker (Life & General), valid Sep 2, 2025–Sep 1, 2028.
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.