KFin Technologies Ltd

KFin Technologies Ltd

₹ 1,236 -1.31%
17 Dec - close price
About

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]

Key Points

Business Services[1]
1. Investor solutions - Account Setup, Transaction Origination, Redemption, Brokerage Calculations, Compliance / Regulatory Reporting Recordkeeping.
Domestic mutual funds, International, Pension services, Alternatives, and wealth management.
2. Issuer solutions: Folio Creation and Maintenance, Transaction Processing for IPO, FPO, etc. Corporate Action Processing, Compliance / Regulatory Reporting Recordkeeping MIS, Virtual Voting e-AGM, e-Vault
3. Global business Domestic mutual services: Mortgage Services Legal Services Transfer Agency Finance and Accounting.

  • Market Cap 21,233 Cr.
  • Current Price 1,236
  • High / Low 1,314 / 456
  • Stock P/E 72.8
  • Book Value 70.6
  • Dividend Yield 0.47 %
  • ROCE 30.0 %
  • ROE 24.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 96.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%

Cons

  • Stock is trading at 17.5 times its book value

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
165 175 162 175 181 178 176 200 211 224 230 269
92 90 100 105 102 94 105 107 115 126 132 146
Operating Profit 74 85 62 70 80 84 71 93 96 99 98 123
OPM % 45% 48% 38% 40% 44% 47% 40% 46% 45% 44% 43% 46%
2 1 2 2 6 6 5 6 6 6 8 8
Interest 26 3 3 3 3 3 3 3 1 1 1 1
Depreciation 9 10 11 11 12 10 11 12 12 13 14 15
Profit before tax 41 74 52 60 72 77 62 84 89 91 91 115
Tax % 28% 28% 26% 20% 25% 26% 27% 27% 26% 20% 26% 26%
29 53 38 48 53 57 45 62 66 73 68 85
EPS in Rs 1.75 3.16 2.27 2.86 3.18 3.37 2.64 3.64 3.86 4.25 3.96 4.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 159 441 472 625 696 811 934
0 98 283 262 337 400 453 518
Operating Profit -0 61 157 210 288 297 358 416
OPM % 38% 36% 44% 46% 43% 44% 45%
0 2 8 5 9 17 24 28
Interest 0 19 53 52 53 11 8 4
Depreciation 0 30 92 98 36 43 49 55
Profit before tax -0 14 20 64 208 259 325 385
Tax % -36% 37% 70% 204% 26% 24% 25%
-0 8 6 -67 153 196 245 292
EPS in Rs -70.00 0.51 0.39 -4.46 9.13 11.60 14.35 17.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 40%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 20%
TTM: 27%
Compounded Profit Growth
10 Years: %
5 Years: 96%
3 Years: 78%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 153%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 26%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.01 166 151 151 168 169 171 171
Reserves -0 353 258 193 478 702 971 1,039
0 389 343 346 158 159 48 46
0 85 115 230 216 213 228 259
Total Liabilities 0 993 868 919 1,019 1,244 1,417 1,516
0 696 682 621 629 651 714 754
CWIP 0 0 0 3 35 40 36 6
Investments 0 126 29 110 147 290 225 252
0 171 156 186 209 263 443 504
Total Assets 0 993 868 919 1,019 1,244 1,417 1,516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 98 102 202 256 232 286
0 -864 98 -106 -125 -214 -172
0 779 -206 -89 -115 8 -125
Net Cash Flow 0 14 -5 6 16 26 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 182 64 77 63 62 65
Inventory Days
Days Payable
Cash Conversion Cycle 182 64 77 63 62 65
Working Capital Days 40 16 5 28 33 36
ROCE % 7% 9% 16% 35% 29% 30%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.91% 49.42% 49.22% 49.12% 39.05% 38.97% 33.06% 33.04%
8.36% 8.04% 8.08% 9.22% 12.13% 16.73% 22.80% 24.61%
23.61% 23.55% 23.42% 22.05% 24.64% 20.98% 21.47% 20.61%
18.11% 18.98% 19.29% 19.61% 24.18% 23.31% 22.67% 21.74%
No. of Shareholders 91,61783,84378,77266,79989,50991,34898,1261,27,866

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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