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 ₹ 789 Cr.
- Current Price ₹ 316
- High / Low ₹ 349 / 110
- Stock P/E 43.4
- Book Value ₹ 44.9
- Dividend Yield 0.00 %
- ROCE 29.4 %
- ROE 25.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
Cons
- Stock is trading at 7.03 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 134 | 188 | 1,067 | 935 | 917 | |
| 124 | 181 | 1,059 | 923 | 880 | |
| Operating Profit | 10 | 7 | 7 | 12 | 37 |
| OPM % | 7% | 4% | 1% | 1% | 4% |
| 2 | 2 | 3 | 7 | 7 | |
| Interest | 0 | 1 | 1 | 3 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 15 |
| Profit before tax | 10 | 8 | 7 | 13 | 27 |
| Tax % | 26% | 29% | 25% | 24% | 25% |
| 7 | 6 | 5 | 10 | 20 | |
| EPS in Rs | 746.00 | 523.00 | 539.00 | 5.84 | 7.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| TTM: | 78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 101% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 |
| Reserves | 8 | 13 | 20 | 14 | 87 |
| 17 | 12 | 19 | 32 | 18 | |
| 80 | 92 | 85 | 126 | 150 | |
| Total Liabilities | 105 | 117 | 125 | 191 | 279 |
| 8 | 10 | 17 | 40 | 57 | |
| CWIP | 3 | 4 | 3 | 7 | 0 |
| Investments | 2 | 0 | 1 | 0 | 0 |
| 92 | 103 | 105 | 143 | 222 | |
| Total Assets | 105 | 117 | 125 | 191 | 279 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 5 | 20 | -20 | 47 | 30 | |
| -13 | -0 | -8 | -26 | -31 | |
| 14 | -6 | 8 | 7 | 46 | |
| Net Cash Flow | 6 | 14 | -20 | 28 | 45 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 22 | 24 | 5 | 11 | 13 |
| Inventory Days | 42 | 35 | 2 | 2 | |
| Days Payable | 34 | 18 | 1 | 3 | |
| Cash Conversion Cycle | 30 | 41 | 6 | 11 | 13 |
| Working Capital Days | -188 | -98 | -10 | -27 | -21 |
| ROCE % | 34% | 24% | 30% | 29% |
Documents
Announcements
-
Shareholders meeting
11 August 2025 - EGM to approve Rs.5 crore capital increase and preferential issue of 23.25 lakh warrants and 1.08 lakh shares at Rs.270 each.
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Outcome of Board Meeting
11 August 2025 - Board approved Rs.65.7 Cr preferential issue and capital increase, EGM on Sept 3 for shareholder approval.
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General Updates
31 July 2025 - GST demand reduced from Rs 17.01 lakh to Rs 23,066 after company appeal, no material financial impact.
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General Updates
26 July 2025 - Re-appointment of M/s Deepanshu & Co. as internal auditor for FY 2025-26.
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Analysts/Institutional Investor Meet/Con. Call Updates
9 July 2025 - Investor meet video of June 12, 2025, now available after editing delay.
Annual reports
Concalls
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Jun 2025Transcript PPT
-
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.