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 ₹ 749 Cr.
- Current Price ₹ 300
- High / Low ₹ 349 / 110
- Stock P/E 41.2
- 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 29.9%
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
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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: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 96% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| 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
-
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.
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Analysts/Institutional Investor Meet/Con. Call Updates
18 August 2025 - Virtual one-to-one investor meeting with Anil Kantiprasad Poddar on 21 Aug 2025 at 12:00 IST.
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General Updates
14 August 2025 - Subsidiary RNFI Money Pvt Ltd empaneled as Authorized Money Changer with Bank of India till July 2026.
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General Updates
14 August 2025 - RNFI Services Limited has informed about appointment of NNM Securities Private Limited as additional Market Maker.
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Resignation
13 August 2025 - Company Secretary Kush Mishra resigned effective August 12, 2025, for professional growth.
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.