KFin Technologies Ltd.

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kfintech.comBSE: 543720NSE: KFINTECH

Market Cap₹ 15,507 Cr.

Current Price

High / Low₹ 1,215 / 785

Stock P/E45.4

Book Value₹ 99

Price to Book9.19

Dividend Yield1.34 %

ROCE30.7 %

ROE22.7 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Domestic Mutual Fund Investor Solutions: 66.2% • International & Other Investor Solutions: 20.6% • Issuer Solutions: 13.2%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 32.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 24.6%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 22.0% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.15x)

CONS

Promoter holding has decreased over last 2 years: -10.2pp
Receivables are growing faster than sales - a possible quality concern
Stock is trading at 9.2x its book value
Operating margins have contracted to 40.7% from 43.8%
Expensive relative to growth - PEG of 2.2

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBusiness ServicesDepository Services

Part ofNIFTY SMLCAP 250 NIFTY SMLCAP 50 NIFTY 500 NIFTY TOTAL MKT

S.No.	Name
1.	CDSL	1355.00	60.09	28319.50	0.94	117.67	14.91	292.76	13.12	32.75	47.19
2.	CAMS	713.00	35.79	17712.23	1.75	127.09	17.64	395.03	11.54	52.08	46.20
3.	KFINTECH	897.00	45.38	15506.63	1.34	75.21	-2.64	356.54	30.09	30.70	34.14

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	182	209	219	228	238	280	290	283	274	309	371	347	357
	111	115	121	124	138	154	159	160	160	174	219	219	263
Operating Profit	70	94	98	105	100	127	131	122	114	136	152	128	93
OPM %	38.80%	44.82%	44.76%	45.81%	41.95%	45.11%	45.01%	43.24%	41.55%	43.88%	40.88%	36.99%	26.17%
	5	6	6	7	8	11	9	10	10	11	-2	11	10
Interest	3	3	1	1	1	1	1	1	1	1	1	1	1
Depreciation	12	13	13	15	15	17	16	17	18	18	23	27	27
Profit before Tax	60	84	90	95	92	119	122	114	105	127	125	111	103
Tax %	27.30%	26.52%	25.20%	20.84%	25.85%	25.24%	26.14%	25.54%	26.29%	26.48%	26.52%	26.62%	27.27%
Net Profit	0	0	0	0	68	89	90	85	77	93	92	81	75
	2.56	3.62	3.92	4.36	3.98	5.21	5.25	4.95	4.49	5.42	5.34	4.70	4.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	162	450	481	640	720	838	1,091	1,301	1,384
	97	291	269	352	425	476	615	771	875
Operating Profit	66	159	212	287	295	362	476	530	509
OPM %	40.44%	35.27%	44.15%	44.91%	40.97%	43.22%	43.65%	40.72%	36.79%
	2	5	5	7	21	29	41	30	30
Interest	20	53	52	53	11	9	5	5	5
Depreciation	34	92	98	37	47	53	64	86	96
Profit before Tax	14	19	68	204	258	327	448	468	467
Tax %	35.40%	75.56%	195.56%	27.18%	24.20%	24.84%	25.69%	26.53%	26.70%
Net Profit	9	5	-65	149	196	246	333	344	342
EPS	1.46	0.28	-4.28	9.36	11.52	14.39	19.33	19.92	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	39.96%	38.80%	60.23%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 22%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 25%
1 Year:: -19%

RETURN ON EQUITY

10 Years:: —
5 Years:: 26%
3 Years:: 25%
Last Year:: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	166	151	151	168	169	171	172	173
	353	257	193	465	686	960	1,216	1,471
	411	403	372	148	155	38	34	667
Trade Payables	22	20	25	26	26	35	67	78
	118	99	321	407	459	435	579	769
Total Liabilities	1,071	931	1,062	1,212	1,496	1,639	2,069	3,157
	732	691	630	669	691	764	803	1,773
Capital Work in Progress	0	0	0	1	0	0	3	5
	112	14	95	93	229	150	462	239
	0	0	0	0	0	152	193	269
Cash & Bank	54	18	23	45	87	252	170	212
	173	208	314	405	489	321	438	658
Total Assets	1,071	931	1,062	1,212	1,496	1,639	2,069	3,157

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	81	131	207	302	280	289	399	370
Cash from Investing	-864	93	-103	-115	-204	-178	-330	-203
Cash from Financing	775	-206	-89	-115	7	-127	-95	-134
	-26	-12	12	22	26	-15	-26	33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.06	33.04	32.96	32.91	22.90	22.89	22.87	22.86	22.82
	22.80	24.57	25.35	22.51	27.81	25.53	26.16	26.26	20.73
	21.47	20.61	19.42	20.37	23.71	24.81	24.88	25.22	27.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.67	21.74	22.21	24.15	25.58	26.77	26.11	25.66	29.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Updates

2026-09-10 - KFINTECH: KFin Technologies Limited has informed the Exchange regarding 'Intimation of Schedule of Analyst / Institutional Investors Meet'.

2026-09-03

General Updates

2026-09-03 - KFINTECH: KFin Technologies Limited has informed the Exchange about Intimation of Environmental, Social, and Governance (ESG) Rating for the Financial Year 2025-26.

2026-09-02

Updates

2026-09-02 - KFINTECH: KFin Technologies Limited has informed the Exchange regarding 'Intimation of Schedule of Analyst / Institutional Investors Meet'.

2026-09-02

Press Release

2026-09-02 - KFINTECH: KFin Technologies Limited has informed the Exchange regarding a press release dated September 02, 2026, titled "KFintech Redefines Mutual Funds Transacting Architecture with AI: Unveils ARYA, Conversational Intelligence & Investor Servicing Platform".

2026-09-01

Change in Management

2026-09-01 - KFINTECH: KFin Technologies Limited has informed the Exchange about enhancement of role and extension of employment of Senior Management Personnel.

2026-09-01

General Updates

2026-09-01 - KFin Technologies Limited has informed the Exchange about Incorporation of a step-down subsidiary in Philippines

2026-09-01

Amalgamation/Merger

2026-09-01 - KFINTECH: KFin Technologies Limited has informed the Exchange that Board of Directors of the Company at their meeting held today have approved the Composite Scheme of Amalgamation.

2026-09-01

Resignation of Director/KMP/SMP

2026-09-01 - Kfin Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-31

Resignation

2026-08-31 - KFINTECH: KFin Technologies Limited has informed the Exchange regarding Resignation of a Senior Management Personnel

News

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