KFin Technologies Ltd
KFin Technologies Limited is a leading technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.[1]
- Market Cap ₹ 19,475 Cr.
- Current Price ₹ 1,132
- High / Low ₹ 1,641 / 610
- Stock P/E 58.6
- Book Value ₹ 81.8
- Dividend Yield 0.51 %
- ROCE 34.2 %
- ROE 26.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 137% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
- Company has been maintaining a healthy dividend payout of 26.2%
Cons
- Stock is trading at 13.8 times its book value
- Working capital days have increased from 86.7 days to 187 days
* 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
Sector: Financial Services Industry: Miscellaneous
Part of BSE Financial Services Nifty Alpha 50 Nifty 500 BSE Allcap Nifty Smallcap 50
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 162 | 450 | 481 | 640 | 720 | 838 | 1,091 | |
| 97 | 291 | 269 | 352 | 422 | 473 | 612 | |
| Operating Profit | 66 | 159 | 212 | 288 | 298 | 364 | 479 |
| OPM % | 40% | 35% | 44% | 45% | 41% | 43% | 44% |
| 2 | 5 | 5 | 6 | 17 | 25 | 38 | |
| Interest | 20 | 53 | 52 | 53 | 11 | 9 | 5 |
| Depreciation | 34 | 92 | 98 | 37 | 47 | 53 | 64 |
| Profit before tax | 14 | 19 | 68 | 204 | 258 | 327 | 448 |
| Tax % | 35% | 76% | 196% | 27% | 24% | 25% | 26% |
| 9 | 5 | -65 | 149 | 196 | 246 | 333 | |
| EPS in Rs | 0.54 | 0.30 | -4.28 | 8.87 | 11.57 | 14.39 | 19.33 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 40% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 137% |
| 3 Years: | 31% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 26% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 166 | 151 | 151 | 168 | 169 | 171 | 172 |
| Reserves | 353 | 259 | 196 | 477 | 701 | 970 | 1,236 |
| 435 | 413 | 383 | 160 | 160 | 49 | 47 | |
| 68 | 46 | 194 | 222 | 220 | 229 | 296 | |
| Total Liabilities | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,751 |
| 732 | 691 | 630 | 669 | 691 | 764 | 829 | |
| CWIP | 0 | 0 | 3 | 35 | 40 | 37 | 3 |
| Investments | 112 | 14 | 95 | 93 | 229 | 150 | 462 |
| 178 | 163 | 196 | 230 | 291 | 467 | 457 | |
| Total Assets | 1,022 | 868 | 923 | 1,026 | 1,250 | 1,418 | 1,751 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 63 | 101 | 205 | 253 | 223 | 289 | 399 | |
| -816 | 94 | -104 | -115 | -204 | -178 | -323 | |
| 775 | -206 | -89 | -115 | 7 | -127 | -95 | |
| Net Cash Flow | 23 | -11 | 11 | 22 | 27 | -15 | -19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 198 | 72 | 84 | 64 | 64 | 66 | 64 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 198 | 72 | 84 | 64 | 64 | 66 | 64 |
| Working Capital Days | 42 | 24 | 53 | 29 | 34 | 39 | 187 |
| ROCE % | 8% | 15% | 34% | 29% | 30% | 34% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Extract of audited consolidated financial results for the quarter and year ended March 31, 2025, published in the Navshakti newspaper today
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - KFin Technologies launches blockchain-based KFIN KRA to streamline KYC and customer onboarding.
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Grant Of Registration By The Securities & Exchange Board Of India To Kfin Services Private Limited, Wholly Owned Subsidiary Of The Company, As KYC Registration Agency
2d - KFin Services granted SEBI registration as KYC Registration Agency on April 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of Q4 and FY25 earnings call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Apr - Extract of audited consolidated financial results for the quarter and year ended March 31, 2025, published in the Financial Express newspaper today
Concalls
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Apr 2025Transcript PPT REC
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Apr 2025TranscriptNotesPPT
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Jan 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
Business Profile[1]
KFin Technologies Limited is a leading tech-driven financial services platform catering to the capital markets ecosystem in India and globally.