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 ₹ 698 Cr.
- Current Price ₹ 275
- High / Low ₹ 404 / 216
- Stock P/E 34.7
- Book Value ₹ 57.6
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.76%
* 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
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Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 134 | 152 | 145 | 146 | 275 | 289 | |
| 125 | 146 | 137 | 137 | 251 | 253 | |
| Operating Profit | 9 | 6 | 7 | 9 | 25 | 36 |
| OPM % | 7% | 3.7% | 5% | 6% | 9% | 13% |
| 2 | 2 | 3 | 7 | 7 | 5 | |
| Interest | 0 | 0 | 1 | 2 | 2 | 1 |
| Depreciation | 0 | 1 | 1 | 2 | 11 | 12 |
| Profit before tax | 10 | 7 | 8 | 12 | 18 | 28 |
| Tax % | 27% | 27% | 24% | 23% | 23% | 27% |
| 7 | 5 | 6 | 9 | 14 | 20 | |
| EPS in Rs | 720.00 | 538.00 | 633.00 | 5.05 | 5.66 | 8.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 26% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 47% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 0% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 20% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 | 25 |
| Reserves | 8 | 13 | 19 | 11 | 81 | 119 |
| 16 | 5 | 14 | 29 | 15 | 19 | |
| 77 | 81 | 65 | 91 | 97 | 109 | |
| Total Liabilities | 101 | 99 | 99 | 149 | 217 | 272 |
| 7 | 7 | 15 | 31 | 41 | 44 | |
| CWIP | 3 | 4 | 1 | 1 | 0 | 0 |
| Investments | 3 | 3 | 20 | 6 | 17 | 20 |
| 88 | 85 | 64 | 111 | 159 | 208 | |
| Total Assets | 101 | 99 | 99 | 149 | 217 | 272 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 23 | 1 | -22 | 28 | 21 | -3 | |
| -9 | -0 | -12 | -18 | -40 | -16 | |
| 14 | -12 | 9 | 12 | 46 | 20 | |
| Net Cash Flow | 28 | -11 | -25 | 23 | 27 | 1 |
| Free Cash Flow | 13 | -0 | -22 | 9 | 1 | -16 |
| CFO/OP | 283% | 60% | -274% | 338% | 103% | 5% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 14 | 18 | 13 | 61 | 23 | 33 |
| Inventory Days | 41 | 18 | 11 | 19 | ||
| Days Payable | 37 | 33 | 5 | 141 | ||
| Cash Conversion Cycle | 19 | 4 | 20 | -61 | 23 | 33 |
| Working Capital Days | -191 | -153 | -90 | -113 | -37 | 23 |
| ROCE % | 37% | 36% | 31% | 23% | 20% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Total Partners / Clients count |
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| Active Sahayaks (Merchant Touchpoints) count |
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| Average Revenue Per Sahayak (ARPU per month) INR per month |
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| AePS Throughput Volume INR Crore |
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| DMT Throughput Volume INR Crore |
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| Sahayaks with 4 or more Products (Cross-sell Depth) count |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
5 August 2026 - RNFI Services to hold Q1 FY27 earnings conference call on August 10, 2026 at 12:00 Noon IST.
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Bagging/Receiving of orders/contracts
27 July 2026 - RNFI signed a 3-year FOS agency agreement with Indian Overseas Bank for SMA collections across five states.
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Bagging/Receiving of orders/contracts
27 July 2026 - RNFI executes 3-year FOS collection agreement with Indian Overseas Bank across five states.
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General Updates
15 July 2026 - NSE approved listing of 296,292 equity shares from warrant conversion, effective July 15, 2026.
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Shareholders meeting
13 July 2026 - Postal ballot on July 13, 2026 approved RNFI ESOP Plan 2026 for employees and subsidiaries.
Annual reports
Concalls
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Jun 2026Transcript PPT
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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 2025TranscriptPPT 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.