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 ₹ 718 Cr.
- Current Price ₹ 286
- High / Low ₹ 404 / 205
- Stock P/E 27.7
- Book Value ₹ 54.2
- Dividend Yield 0.00 %
- ROCE 29.4 %
- ROE 25.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Quarterly 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 | 5.80 | 7.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 | 25 |
| Reserves | 8 | 13 | 20 | 13 | 87 | 110 |
| 17 | 12 | 19 | 32 | 18 | 36 | |
| 80 | 92 | 85 | 126 | 150 | 158 | |
| Total Liabilities | 105 | 117 | 125 | 191 | 279 | 329 |
| 8 | 10 | 17 | 40 | 53 | 60 | |
| CWIP | 3 | 4 | 3 | 7 | 4 | 0 |
| Investments | 2 | 0 | 1 | 0 | 0 | 2 |
| 92 | 103 | 105 | 143 | 222 | 267 | |
| Total Assets | 105 | 117 | 125 | 191 | 279 | 329 |
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 | 3 | 6 |
| Days Payable | 34 | 18 | 1 | 3 | 1 |
| Cash Conversion Cycle | 30 | 41 | 6 | 11 | 18 |
| Working Capital Days | -188 | -98 | -10 | -27 | -21 |
| ROCE % | 34% | 24% | 30% | 29% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
18 February 2026 - Q3 FY26 earnings conference call transcript dated Feb 13, 2026 hosted online.
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Analysts/Institutional Investor Meet/Con. Call Updates
13 February 2026 - Video recording of RNFI Q3 FY26 earnings call (13-Feb-2026) available on company website.
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Copy of Newspaper Publication
11 February 2026 - Extract of unaudited standalone and consolidated Q3 and nine-month results for period ended Dec 31, 2025.
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Investor Presentation
11 February 2026 - Filed Q3 & 9M FY26 earnings presentation; 9M revenue ₹729.3 Cr, PAT ₹24.1 Cr.
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Incorporation
10 February 2026 - Feb 10, 2026: RNFI approved WOS incorporation for mutual fund distribution, subject to regulatory approvals.
Annual reports
Concalls
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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 2025TranscriptAI SummaryPPT 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.