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 ₹ 942 Cr.
- Current Price ₹ 377
- High / Low ₹ 404 / 110
- Stock P/E 51.8
- 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
- Stock is trading at 8.40 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: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 161% |
| 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
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Trading Window
22 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after unaudited results for quarter/half-year ending Sept 30, 2025.
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General Updates
17 September 2025 - RNFI Services Ltd confirms compliance with SEBI listing regulations for main-board listing.
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General Updates
11 September 2025 - 10th AGM on Sep 30, 2025; annual report and notice links provided; KYC/demat reminder.
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Copy of Newspaper Publication
9 September 2025 - Newspaper advertisement for 10th AGM on 30 Sep 2025, VC/OAVM, remote e-voting instructions.
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General Updates
8 September 2025 - 10th AGM on September 30, 2025; Annual Report 2024-25 links provided; KYC/email update reminder.
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.