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 ₹ 650 Cr.
- Current Price ₹ 260
- High / Low ₹ 321 / 110
- Stock P/E 63.7
- Book Value ₹ 41.2
- Dividend Yield 0.00 %
- ROCE 30.2 %
- ROE 39.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.7.29 Cr.
* 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: E-Commerce/App based Aggregator Industry: Miscellaneous
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 | |
|---|---|---|---|---|
| 134 | 188 | 1,067 | 935 | |
| 124 | 181 | 1,059 | 923 | |
| Operating Profit | 10 | 7 | 7 | 12 |
| OPM % | 7% | 4% | 1% | 1% |
| 2 | 2 | 3 | 7 | |
| Interest | 0 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 2 | 4 |
| Profit before tax | 10 | 8 | 7 | 13 |
| Tax % | 26% | 29% | 25% | 24% |
| 7 | 6 | 5 | 10 | |
| EPS in Rs | 746.00 | 523.00 | 539.00 | 5.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 91% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 110% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| Last Year: | 39% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 18 | 25 |
| Reserves | 8 | 13 | 20 | 14 | 78 |
| 17 | 12 | 19 | 32 | 23 | |
| 80 | 92 | 85 | 126 | 132 | |
| Total Liabilities | 105 | 117 | 125 | 191 | 258 |
| 8 | 10 | 17 | 40 | 55 | |
| CWIP | 3 | 4 | 3 | 7 | 0 |
| Investments | 2 | 0 | 1 | 0 | 0 |
| 92 | 103 | 105 | 143 | 203 | |
| Total Assets | 105 | 117 | 125 | 191 | 258 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 5 | 20 | -20 | 47 | |
| -13 | -0 | -8 | -26 | |
| 14 | -6 | 8 | 7 | |
| Net Cash Flow | 6 | 14 | -20 | 28 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 22 | 24 | 5 | 11 |
| Inventory Days | 42 | 35 | 2 | 2 |
| Days Payable | 34 | 18 | 1 | 3 |
| Cash Conversion Cycle | 30 | 41 | 6 | 11 |
| Working Capital Days | -143 | -91 | -7 | -21 |
| ROCE % | 34% | 24% | 30% |
Documents
Announcements
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Awarding of order(s)/contract(s)
14 February 2025 - RNFI Services Limited has informed about entering into a Service Agreement with DMI Finance Private Limited.
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Awarding of order(s)/contract(s)
29 January 2025 - RNFI Services Limited has informed about Empanelment in Punjab & Sind Bank for Financial Inclusion, KYC, Authentication services.
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Awarding of order(s)/contract(s)
29 January 2025 - RNFI Services Limited has informed about renewal of the Agreement for Business Correspondent Services with Bank of India
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 January 2025 - RNFI Services Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q3 FY 2024-25
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Awarding of order(s)/contract(s)
13 January 2025 - RNFI Services Limited has been Engaged as Service Provider to providespecialized Services to HFCL (HERO FINCORP LIMITED).
Annual reports
Concalls
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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.