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 ₹ 649 Cr.
- Current Price ₹ 256
- High / Low ₹ 404 / 216
- Stock P/E 22.4
- Book Value ₹ 67.7
- Dividend Yield 0.00 %
- ROCE 27.3 %
- ROE 20.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 31.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.2%
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
Financial Services Financial Services Finance Other Financial Services
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 134 | 188 | 1,067 | 935 | 917 | 969 | |
| 124 | 181 | 1,059 | 923 | 880 | 911 | |
| Operating Profit | 10 | 7 | 7 | 12 | 37 | 58 |
| OPM % | 7% | 4% | 1% | 1% | 4% | 6% |
| 2 | 2 | 3 | 7 | 7 | 5 | |
| Interest | 0 | 1 | 1 | 3 | 2 | 2 |
| Depreciation | 1 | 1 | 2 | 4 | 15 | 17 |
| Profit before tax | 10 | 8 | 7 | 13 | 27 | 44 |
| Tax % | 26% | 29% | 25% | 24% | 25% | 26% |
| 7 | 6 | 5 | 10 | 20 | 32 | |
| EPS in Rs | 746.00 | 523.00 | 539.00 | 5.80 | 7.29 | 11.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | -3% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 75% |
| TTM: | 60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 24% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 20 | 13 | 87 | 145 |
| 17 | 12 | 19 | 32 | 18 | 29 | |
| 80 | 92 | 85 | 126 | 150 | 162 | |
| Total Liabilities | 105 | 117 | 125 | 191 | 279 | 361 |
| 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 | 298 | |
| Total Assets | 105 | 117 | 125 | 191 | 279 | 361 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 5 | 20 | -20 | 47 | 30 | -17 | |
| -13 | -0 | -8 | -26 | -31 | -39 | |
| 14 | -6 | 8 | 7 | 46 | 39 | |
| Net Cash Flow | 6 | 14 | -20 | 28 | 45 | -17 |
| Free Cash Flow | -5 | 16 | -27 | 18 | 6 | -34 |
| CFO/OP | 84% | 329% | -203% | 398% | 97% | -11% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 22 | 24 | 5 | 11 | 13 | 20 |
| Inventory Days | 42 | 35 | 2 | 3 | 6 | |
| Days Payable | 34 | 18 | 1 | 3 | 1 | |
| Cash Conversion Cycle | 30 | 41 | 6 | 11 | 18 | 20 |
| Working Capital Days | -188 | -98 | -10 | -27 | -21 | 6 |
| ROCE % | 34% | 24% | 30% | 29% | 27% |
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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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.
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Appointment
6 July 2026 - RNFI appointed Sameer Nagpal as Group COO and KMP effective July 6, 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 July 2026 - Submitted Regulation 74(5) depository certificate for quarter ended 30 June 2026.
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General Updates
26 June 2026 - NSE approved listing of 296,292 equity shares from warrant conversion on preferential basis.
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.