KFin Technologies Ltd

KFin Technologies Ltd

₹ 762 0.21%
03 Jul - 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 13,030 Cr.
  • Current Price 762
  • High / Low 822 / 350
  • Stock P/E 53.1
  • Book Value 66.8
  • Dividend Yield 0.00 %
  • 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 11.4 times its book value
  • Working capital days have increased from 53.7 days to 99.8 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

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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
165 175 162 175 181 178 176 200 211 224
92 90 100 105 102 94 105 107 115 126
Operating Profit 74 85 62 70 80 84 71 93 96 99
OPM % 45% 48% 38% 40% 44% 47% 40% 46% 45% 44%
2 1 2 2 6 6 5 6 6 6
Interest 26 3 3 3 3 3 3 3 1 1
Depreciation 9 10 11 11 12 10 11 12 12 13
Profit before tax 41 74 52 60 72 77 62 84 89 91
Tax % 28% 28% 26% 20% 25% 26% 27% 27% 26% 20%
29 53 38 48 53 57 45 62 66 73
EPS in Rs 1.75 3.16 2.27 2.86 3.18 3.37 2.64 3.64 3.86 4.25
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
0 159 441 472 625 696 811
0 98 283 262 337 400 453
Operating Profit -0 61 157 210 288 297 358
OPM % 38% 36% 44% 46% 43% 44%
0 2 8 5 9 17 24
Interest 0 19 53 52 53 11 8
Depreciation 0 30 92 98 36 43 49
Profit before tax -0 14 20 64 208 259 325
Tax % 36% 37% 70% 204% 26% 24% 25%
-0 8 6 -67 153 196 245
EPS in Rs -70.00 0.51 0.39 -4.46 9.13 11.60 14.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 40%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 20%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 96%
3 Years: 78%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 108%
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
Equity Capital 0 166 151 151 168 169 171
Reserves -0 353 258 193 478 702 971
Preference Capital 0 0 0 0 123 0
0 389 343 346 36 159 48
0 85 115 230 338 213 228
Total Liabilities 0 993 868 919 1,019 1,244 1,417
0 696 682 621 629 651 750
CWIP 0 0 0 3 35 40 0
Investments 0 126 29 110 147 290 225
0 171 156 186 209 263 443
Total Assets 0 993 868 919 1,019 1,244 1,417

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 33 100
ROCE % 7% 9% 16% 35% 29%

Shareholding Pattern

Numbers in percentages

7 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.91% 49.42% 49.22% 49.12% 39.05% 38.97%
8.36% 8.04% 8.08% 9.22% 12.13% 16.73%
23.61% 23.55% 23.42% 22.05% 24.64% 20.98%
18.11% 18.98% 19.29% 19.61% 24.18% 23.31%
No. of Shareholders 91,61783,84378,77266,79989,50991,348

* 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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