Keynote Financial Services Ltd.
•₹ 262.50.54%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Other Advisory Services: 50.4% • Trading in Securities: 22.6% • Broking & Related Activities: 14.5% • Unallocated: 8.5% • Investment Activities: 3.0% • Elimination: 1.0%
PROS
- Promoters have been increasing their shareholding - up 15.4pp over 2 years
- Solid return on assets for a lender - ROA of 4.4%
- Asset quality is healthy - gross NPA of just 0.0%
- Company has delivered good sales growth of 25.3% CAGR over last 5 years
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Capital adequacy is tight at 0.0% - limited headroom to grow
- Recent results are weak - TTM profit is down 264.0% versus prior year
- Operating margins have contracted to 38.0% from 71.5%
- Thin net interest margin of 0.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJFINSV | 2010.00 | 31.74 | 322014.33 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 549.85 | 22.26 | 46694.66 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1558.35 | 10.96 | 29262.30 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13946.95 | 14.32 | 28217.61 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 226.40 | 19.32 | 21783.17 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13359.10 | 0.00 | 15267.54 | 1.65 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11370.60 | 91.87 | 12620.94 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 126.45 | 11.63 | 12100.76 | 2.57 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 414.70 | 18.92 | 9210.65 | 2.69 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 230.10 | 144.40 | 7932.32 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2440.10 | 8.41 | 7830.42 | 1.70 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | KEYFINSERV | 254.10 | 24.90 | 141.45 | 0.39 | 11.58 | -90.78 | 19.38 | 23.75 | 9.27 | 79.70 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 9 | 14 | 14 | 12 | 11 | 7 | -2 | 16 | -2 | 12 | 0 | 19 | |
| 3 | 3 | 3 | 4 | 4 | 4 | 3 | 7 | 4 | 4 | 4 | 6 | 4 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | -0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | 6 | 11 | 10 | 9 | 8 | 4 | -9 | 12 | -5 | 8 | -6 | 16 | |
| Tax % | 23.66% | 25.58% | 22.38% | 16.75% | 28.77% | 29.05% | 20.38% | 53.37% | 40.14% | 66.39% | 25.80% | 19.32% | 26.08% |
| Net Profit | 0 | 0 | 0 | 0 | 8 | 87 | 56 | -77 | 126 | -9 | 4 | -95 | 12 |
| 12 | 8 | 16 | 15 | 14 | 16 | 10 | -14 | 23 | -2 | 8 | -17 | 2 | |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 11
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 23.66%
- Net Profit
- 0
- 12
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 9
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 25.58%
- Net Profit
- 0
- 8
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 14
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 11
- Tax %
- 22.38%
- Net Profit
- 0
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 14
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 16.75%
- Net Profit
- 0
- 15
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 12
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 28.77%
- Net Profit
- 8
- 14
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 11
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 29.05%
- Net Profit
- 87
- 16
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 7
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 20.38%
- Net Profit
- 56
- 10
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- -2
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 0
- -9
- Tax %
- 53.37%
- Net Profit
- -77
- -14
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 16
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 12
- Tax %
- 40.14%
- Net Profit
- 126
- 23
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- -2
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -5
- Tax %
- 66.39%
- Net Profit
- -9
- -2
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 12
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 25.80%
- Net Profit
- 4
- 8
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- -0
- Interest
- 0
- Depreciation
- 0
- -6
- Tax %
- 19.32%
- Net Profit
- -95
- -17
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 19
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 16
- Tax %
- 26.08%
- Net Profit
- 12
- 2
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 6
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 12 | 15 | 13 | 9 | 20 | 29 | 14 | 47 | 28 | 30 | |
| 13 | 10 | 10 | 14 | 14 | 8 | 11 | 16 | 13 | 18 | 19 | |
| Operating Profit | 10 | 14 | 10 | 1 | -2 | 15 | 21 | 1 | 37 | 13 | — |
| OPM % | 57 | 122 | 67 | 8 | -26 | 75 | 71 | 6 | 77 | 47 | — |
| Other Income | 6 | 13 | 5 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Interest | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 |
| Depreciation | 1 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | 7 | 7 | -1 | -4 | 13 | 19 | -0 | 35 | 12 | 12 | |
| Tax % | 31 | 23 | 21 | -20 | 3 | 15 | 14 | -3,190 | 22 | 7 | 14 |
| Net Profit | 5 | 6 | 6 | -1 | -4 | 11 | 16 | -2 | 28 | 11 | 11 |
| EPS | 8 | 10 | 10 | -2 | -8 | 20 | 29 | -3 | 48 | 26 | — |
| Dividend Payout % | 12 | 10 | 24 | -52 | -13 | 5 | 3 | -34 | 2 | 4 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 4 | -5 |
| Adjusted EPS | 8 | 10 | 10 | -2 | -8 | 20 | 29 | -3 | 48 | 26 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 4 | -5 |
| Adjusted EPS | 8 | 10 | 10 | -2 | -8 | 20 | 29 | -3 | 48 | 26 | — |
Mar 2016
- 18
- 13
- Operating Profit
- 10
- OPM %
- 57
- Other Income
- 6
- Interest
- 3
- Depreciation
- 1
- 6
- Tax %
- 31
- Net Profit
- 5
- EPS
- 8
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2017
- 12
- 10
- Operating Profit
- 14
- OPM %
- 122
- Other Income
- 13
- Interest
- 3
- Depreciation
- 4
- 7
- Tax %
- 23
- Net Profit
- 6
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2018
- 15
- 10
- Operating Profit
- 10
- OPM %
- 67
- Other Income
- 5
- Interest
- 2
- Depreciation
- 1
- 7
- Tax %
- 21
- Net Profit
- 6
- EPS
- 10
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 13
- 14
- Operating Profit
- 1
- OPM %
- 8
- Other Income
- 2
- Interest
- 1
- Depreciation
- 1
- -1
- Tax %
- -20
- Net Profit
- -1
- EPS
- -2
- Dividend Payout %
- -52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2020
- 9
- 14
- Operating Profit
- -2
- OPM %
- -26
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- -4
- Tax %
- 3
- Net Profit
- -4
- EPS
- -8
- Dividend Payout %
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -8
Mar 2021
- 20
- 8
- Operating Profit
- 15
- OPM %
- 75
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- 13
- Tax %
- 15
- Net Profit
- 11
- EPS
- 20
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2022
- 29
- 11
- Operating Profit
- 21
- OPM %
- 71
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- 19
- Tax %
- 14
- Net Profit
- 16
- EPS
- 29
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
Mar 2023
- 14
- 16
- Operating Profit
- 1
- OPM %
- 6
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- -0
- Tax %
- -3,190
- Net Profit
- -2
- EPS
- -3
- Dividend Payout %
- -34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2024
- 47
- 13
- Operating Profit
- 37
- OPM %
- 77
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- 35
- Tax %
- 22
- Net Profit
- 28
- EPS
- 48
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 48
- Minority Interest
- 0
- Share of Associates
- -1
- Adjusted EPS
- 48
Mar 2025
- 28
- 18
- Operating Profit
- 13
- OPM %
- 47
- Other Income
- 2
- Interest
- 1
- Depreciation
- 1
- 12
- Tax %
- 7
- Net Profit
- 11
- EPS
- 26
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 4
- Adjusted EPS
- 26
- Minority Interest
- 0
- Share of Associates
- 4
- Adjusted EPS
- 26
TTM
- 30
- 19
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 1
- 12
- Tax %
- 14
- Net Profit
- 11
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -5
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -5
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 25%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 24%
- 5 Years:
- —
- 3 Years:
- -3%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 27%
- 3 Years:
- 37%
- 1 Year:
- 1%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 13%
- 3 Years:
- 10%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
| 61 | 67 | 72 | 73 | 68 | 79 | 95 | 93 | 119 | 133 | |
| 11 | 13 | 13 | 19 | 21 | 26 | 27 | 2 | 1 | 2 | |
| Trade Payables | 14 | 55 | 6 | 5 | 21 | 5 | 3 | 2 | 3 | 4 |
| 16 | 22 | 19 | 7 | 6 | 8 | 10 | 8 | 13 | 8 | |
| Total Liabilities | 108 | 162 | 116 | 110 | 121 | 123 | 141 | 111 | 141 | 152 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 23 | 19 | 18 | 18 | 17 | 17 | 16 | 17 | 17 | 18 | |
| 18 | 24 | 35 | 34 | 28 | 44 | 62 | 60 | 84 | 102 | |
| 2 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 3 | |
| Cash & Bank | 33 | 22 | 19 | 23 | 43 | 35 | 22 | 13 | 12 | 13 |
| 32 | 97 | 42 | 35 | 33 | 27 | 40 | 21 | 19 | 17 | |
| Total Assets | 108 | 162 | 116 | 110 | 121 | 123 | 141 | 111 | 141 | 152 |
| Total Debt | 12 | 13 | 13 | 20 | 22 | 26 | 27 | 2 | 1 | 2 |
| Net Working Capital | 37 | 30 | 39 | 44 | 50 | 67 | 86 | 70 | 95 | 102 |
| Contingent Liabilities | 35 | 22 | 19 | 19 | 18 | 18 | 18 | 16 | 6 | 6 |
| Book Value per Share | 119.19 | 129.55 | 138.55 | 140.43 | 131.62 | 152.61 | 180.63 | 176.26 | 223.27 | 248.60 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 12 | 13 | 13 | 20 | 22 | 26 | 27 | 2 | 1 | 2 |
| Net Working Capital | 37 | 30 | 39 | 44 | 50 | 67 | 86 | 70 | 95 | 102 |
| Contingent Liabilities | 35 | 22 | 19 | 19 | 18 | 18 | 18 | 16 | 6 | 6 |
| Book Value per Share | 119.19 | 129.55 | 138.55 | 140.43 | 131.62 | 152.61 | 180.63 | 176.26 | 223.27 | 248.60 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- 6
- 61
- 11
- Trade Payables
- 14
- 16
- Total Liabilities
- 108
- 23
- 18
- 2
- 0
- Cash & Bank
- 33
- 32
- Total Assets
- 108
- Total Debt
- 12
- Net Working Capital
- 37
- Contingent Liabilities
- 35
- Book Value per Share
- 119.19
- Face Value
- 10.00
- Total Debt
- 12
- Net Working Capital
- 37
- Contingent Liabilities
- 35
- Book Value per Share
- 119.19
- Face Value
- 10.00
Mar 2017
- 6
- 67
- 13
- Trade Payables
- 55
- 22
- Total Liabilities
- 162
- 19
- 24
- 0
- 0
- Cash & Bank
- 22
- 97
- Total Assets
- 162
- Total Debt
- 13
- Net Working Capital
- 30
- Contingent Liabilities
- 22
- Book Value per Share
- 129.55
- Face Value
- 10.00
- Total Debt
- 13
- Net Working Capital
- 30
- Contingent Liabilities
- 22
- Book Value per Share
- 129.55
- Face Value
- 10.00
Mar 2018
- 6
- 72
- 13
- Trade Payables
- 6
- 19
- Total Liabilities
- 116
- 18
- 35
- 2
- 0
- Cash & Bank
- 19
- 42
- Total Assets
- 116
- Total Debt
- 13
- Net Working Capital
- 39
- Contingent Liabilities
- 19
- Book Value per Share
- 138.55
- Face Value
- 10.00
- Total Debt
- 13
- Net Working Capital
- 39
- Contingent Liabilities
- 19
- Book Value per Share
- 138.55
- Face Value
- 10.00
Mar 2019
- 6
- 73
- 19
- Trade Payables
- 5
- 7
- Total Liabilities
- 110
- 18
- 34
- 0
- 0
- Cash & Bank
- 23
- 35
- Total Assets
- 110
- Total Debt
- 20
- Net Working Capital
- 44
- Contingent Liabilities
- 19
- Book Value per Share
- 140.43
- Face Value
- 10.00
- Total Debt
- 20
- Net Working Capital
- 44
- Contingent Liabilities
- 19
- Book Value per Share
- 140.43
- Face Value
- 10.00
Mar 2020
- 6
- 68
- 21
- Trade Payables
- 21
- 6
- Total Liabilities
- 121
- 17
- 28
- 0
- 0
- Cash & Bank
- 43
- 33
- Total Assets
- 121
- Total Debt
- 22
- Net Working Capital
- 50
- Contingent Liabilities
- 18
- Book Value per Share
- 131.62
- Face Value
- 10.00
- Total Debt
- 22
- Net Working Capital
- 50
- Contingent Liabilities
- 18
- Book Value per Share
- 131.62
- Face Value
- 10.00
Mar 2021
- 6
- 79
- 26
- Trade Payables
- 5
- 8
- Total Liabilities
- 123
- 17
- 44
- 0
- 0
- Cash & Bank
- 35
- 27
- Total Assets
- 123
- Total Debt
- 26
- Net Working Capital
- 67
- Contingent Liabilities
- 18
- Book Value per Share
- 152.61
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 67
- Contingent Liabilities
- 18
- Book Value per Share
- 152.61
- Face Value
- 10.00
Mar 2022
- 6
- 95
- 27
- Trade Payables
- 3
- 10
- Total Liabilities
- 141
- 16
- 62
- 0
- 0
- Cash & Bank
- 22
- 40
- Total Assets
- 141
- Total Debt
- 27
- Net Working Capital
- 86
- Contingent Liabilities
- 18
- Book Value per Share
- 180.63
- Face Value
- 10.00
- Total Debt
- 27
- Net Working Capital
- 86
- Contingent Liabilities
- 18
- Book Value per Share
- 180.63
- Face Value
- 10.00
Mar 2023
- 6
- 93
- 2
- Trade Payables
- 2
- 8
- Total Liabilities
- 111
- 17
- 60
- 0
- 0
- Cash & Bank
- 13
- 21
- Total Assets
- 111
- Total Debt
- 2
- Net Working Capital
- 70
- Contingent Liabilities
- 16
- Book Value per Share
- 176.26
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 70
- Contingent Liabilities
- 16
- Book Value per Share
- 176.26
- Face Value
- 10.00
Mar 2024
- 6
- 119
- 1
- Trade Payables
- 3
- 13
- Total Liabilities
- 141
- 17
- 84
- 0
- 9
- Cash & Bank
- 12
- 19
- Total Assets
- 141
- Total Debt
- 1
- Net Working Capital
- 95
- Contingent Liabilities
- 6
- Book Value per Share
- 223.27
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 95
- Contingent Liabilities
- 6
- Book Value per Share
- 223.27
- Face Value
- 10.00
Mar 2025
- 6
- 133
- 2
- Trade Payables
- 4
- 8
- Total Liabilities
- 152
- 18
- 102
- 0
- 3
- Cash & Bank
- 13
- 17
- Total Assets
- 152
- Total Debt
- 2
- Net Working Capital
- 102
- Contingent Liabilities
- 6
- Book Value per Share
- 248.60
- Face Value
- 10.00
- Total Debt
- 2
- Net Working Capital
- 102
- Contingent Liabilities
- 6
- Book Value per Share
- 248.60
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 | -12 | 5 | -4 | 16 | -9 | -13 | 21 | 6 | 7 | |
| Cash from Investing | -7 | 7 | -1 | 5 | 1 | -16 | 22 | -3 | -4 | -6 |
| Cash from Financing | -1 | -4 | -3 | 1 | -0 | 4 | -0 | -26 | -3 | -0 |
| 9 | -8 | 2 | 2 | 17 | -21 | 9 | -8 | -1 | 1 | |
| Free Cash Flow | 17 | -12 | 5 | -4 | 16 | -9 | -13 | 19 | 5 | 5 |
| OCF / Net Profit | 3.87 | -2.04 | 0.95 | 3.99 | -3.88 | -0.84 | -0.79 | -12.15 | 0.20 | 0.63 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 23 | -4 | -5 | 9 | 19 | 8 |
| OCF / Net Profit | 3.87 | -2.04 | 0.95 | 3.99 | -3.88 | -0.84 | -0.79 | -12.15 | 0.20 | 0.63 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 23 | -4 | -5 | 9 | 19 | 8 |
Mar 2016
- 17
- Cash from Investing
- -7
- Cash from Financing
- -1
- 9
- Free Cash Flow
- 17
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.87
- Cumulative 5-Year FCF
- 0
Mar 2017
- -12
- Cash from Investing
- 7
- Cash from Financing
- -4
- -8
- Free Cash Flow
- -12
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 0
Mar 2018
- 5
- Cash from Investing
- -1
- Cash from Financing
- -3
- 2
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
Mar 2019
- -4
- Cash from Investing
- 5
- Cash from Financing
- 1
- 2
- Free Cash Flow
- -4
- OCF / Net Profit
- 3.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.99
- Cumulative 5-Year FCF
- 0
Mar 2020
- 16
- Cash from Investing
- 1
- Cash from Financing
- -0
- 17
- Free Cash Flow
- 16
- OCF / Net Profit
- -3.88
- Cumulative 5-Year FCF
- 23
- OCF / Net Profit
- -3.88
- Cumulative 5-Year FCF
- 23
Mar 2021
- -9
- Cash from Investing
- -16
- Cash from Financing
- 4
- -21
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- -4
- OCF / Net Profit
- -0.84
- Cumulative 5-Year FCF
- -4
Mar 2022
- -13
- Cash from Investing
- 22
- Cash from Financing
- -0
- 9
- Free Cash Flow
- -13
- OCF / Net Profit
- -0.79
- Cumulative 5-Year FCF
- -5
- OCF / Net Profit
- -0.79
- Cumulative 5-Year FCF
- -5
Mar 2023
- 21
- Cash from Investing
- -3
- Cash from Financing
- -26
- -8
- Free Cash Flow
- 19
- OCF / Net Profit
- -12.15
- Cumulative 5-Year FCF
- 9
- OCF / Net Profit
- -12.15
- Cumulative 5-Year FCF
- 9
Mar 2024
- 6
- Cash from Investing
- -4
- Cash from Financing
- -3
- -1
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 19
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 19
Mar 2025
- 7
- Cash from Investing
- -6
- Cash from Financing
- -0
- 1
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 8
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- 8
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.09 | 10.36 | 10.26 | -1.91 | -7.59 | 20.25 | 28.89 | -2.93 | 48.12 | 26.17 |
| Book Value (₹) | 119.19 | 129.55 | 138.55 | 140.43 | 131.62 | 152.61 | 180.63 | 176.26 | 223.27 | 248.60 |
| Dividend per Share (₹) | 1.00 | 1.00 | 2.50 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 9.78 | 18.20 | 11.54 | -0.53 | -6.22 | 21.56 | 30.14 | -1.94 | 51.34 | 20.95 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 56.69% | 122.48% | 67.39% | 7.71% | -25.95% | 74.95% | 71.45% | 5.92% | 72.40% | 37.99% |
| Net Margin % | 25.39% | 48.71% | 37.48% | -8.13% | -46.03% | 55.96% | 55.93% | -12.15% | 58.75% | 37.95% |
| ROE % | 6.99% | 8.33% | 7.66% | -1.37% | -5.58% | 14.25% | 17.34% | -1.72% | 25.00% | 8.18% |
| ROCE % | 11.30% | 12.38% | 10.38% | 0.25% | -3.25% | 13.93% | 16.57% | 0.18% | 31.73% | 9.27% |
| 4.34% | 4.27% | 4.10% | -0.94% | -3.66% | 9.22% | 12.18% | -1.36% | 22.12% | 7.33% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 115 | 830 | 646 | 141 | 157 | 50 | 37 | 95 | 47 | 79 |
| Inventory Days | 27 | 0 | 48 | 31 | 7 | 3 | 2 | 5 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 3377 | 0 | 0 | 0 | 0 | 4555 | 0 |
| 142 | 830 | 694 | -3204 | 164 | 53 | 40 | 100 | -4508 | 79 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.18x | 0.18x | 0.17x | 0.26x | 0.30x | 0.30x | 0.27x | 0.03x | 0.01x | 0.01x |
| Interest Coverage (x) | 3.48x | 3.78x | 4.90x | 0.21x | -2.58x | 13.18x | 16.78x | 0.80x | 122.82x | 16.93x |
| 2.13x | 1.39x | 2.51x | 2.66x | 2.15x | 3.03x | 3.46x | 11.52x | 13.62x | 12.47x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 42.05% | -33.29% | 28.80% | -14.17% | -29.87% | 119.58% | 42.72% | -51.03% | 236.06% | -40.16% |
| Operating Profit Growth % | 45.42% | 44.14% | -29.14% | -90.18% | -336.03% | 734.26% | 36.07% | -95.95% | 4287.88% | -63.91% |
| Net Profit Growth % | 166.20% | 28.02% | -0.91% | -118.62% | -297.15% | 366.95% | 42.66% | -110.64% | 1724.95% | -61.35% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1743.15% | -45.61% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.99x | 11.52x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.64x | 1.21x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.70% | 0.33% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.88x | 11.89x |
Mar 2016
- EPS (₹)
- 8.09
- Book Value (₹)
- 119.19
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 9.78
- Operating Margin %
- 56.69%
- Net Margin %
- 25.39%
- ROE %
- 6.99%
- ROCE %
- 11.30%
- 4.34%
- Debtor Days
- 115
- Inventory Days
- 27
- Payable Days
- 0
- 142
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 3.48x
- 2.13x
- Revenue Growth %
- 42.05%
- Operating Profit Growth %
- 45.42%
- Net Profit Growth %
- 166.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 10.36
- Book Value (₹)
- 129.55
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 18.20
- Operating Margin %
- 122.48%
- Net Margin %
- 48.71%
- ROE %
- 8.33%
- ROCE %
- 12.38%
- 4.27%
- Debtor Days
- 830
- Inventory Days
- 0
- Payable Days
- 0
- 830
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 3.78x
- 1.39x
- Revenue Growth %
- -33.29%
- Operating Profit Growth %
- 44.14%
- Net Profit Growth %
- 28.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 10.26
- Book Value (₹)
- 138.55
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 11.54
- Operating Margin %
- 67.39%
- Net Margin %
- 37.48%
- ROE %
- 7.66%
- ROCE %
- 10.38%
- 4.10%
- Debtor Days
- 646
- Inventory Days
- 48
- Payable Days
- 0
- 694
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 4.90x
- 2.51x
- Revenue Growth %
- 28.80%
- Operating Profit Growth %
- -29.14%
- Net Profit Growth %
- -0.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.91
- Book Value (₹)
- 140.43
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- -0.53
- Operating Margin %
- 7.71%
- Net Margin %
- -8.13%
- ROE %
- -1.37%
- ROCE %
- 0.25%
- -0.94%
- Debtor Days
- 141
- Inventory Days
- 31
- Payable Days
- 3377
- -3204
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 0.21x
- 2.66x
- Revenue Growth %
- -14.17%
- Operating Profit Growth %
- -90.18%
- Net Profit Growth %
- -118.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -7.59
- Book Value (₹)
- 131.62
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- -6.22
- Operating Margin %
- -25.95%
- Net Margin %
- -46.03%
- ROE %
- -5.58%
- ROCE %
- -3.25%
- -3.66%
- Debtor Days
- 157
- Inventory Days
- 7
- Payable Days
- 0
- 164
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- -2.58x
- 2.15x
- Revenue Growth %
- -29.87%
- Operating Profit Growth %
- -336.03%
- Net Profit Growth %
- -297.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 20.25
- Book Value (₹)
- 152.61
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 21.56
- Operating Margin %
- 74.95%
- Net Margin %
- 55.96%
- ROE %
- 14.25%
- ROCE %
- 13.93%
- 9.22%
- Debtor Days
- 50
- Inventory Days
- 3
- Payable Days
- 0
- 53
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 13.18x
- 3.03x
- Revenue Growth %
- 119.58%
- Operating Profit Growth %
- 734.26%
- Net Profit Growth %
- 366.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 28.89
- Book Value (₹)
- 180.63
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 30.14
- Operating Margin %
- 71.45%
- Net Margin %
- 55.93%
- ROE %
- 17.34%
- ROCE %
- 16.57%
- 12.18%
- Debtor Days
- 37
- Inventory Days
- 2
- Payable Days
- 0
- 40
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 16.78x
- 3.46x
- Revenue Growth %
- 42.72%
- Operating Profit Growth %
- 36.07%
- Net Profit Growth %
- 42.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -2.93
- Book Value (₹)
- 176.26
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- -1.94
- Operating Margin %
- 5.92%
- Net Margin %
- -12.15%
- ROE %
- -1.72%
- ROCE %
- 0.18%
- -1.36%
- Debtor Days
- 95
- Inventory Days
- 5
- Payable Days
- 0
- 100
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 0.80x
- 11.52x
- Revenue Growth %
- -51.03%
- Operating Profit Growth %
- -95.95%
- Net Profit Growth %
- -110.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 48.12
- Book Value (₹)
- 223.27
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 51.34
- Operating Margin %
- 72.40%
- Net Margin %
- 58.75%
- ROE %
- 25.00%
- ROCE %
- 31.73%
- 22.12%
- Debtor Days
- 47
- Inventory Days
- 0
- Payable Days
- 4555
- -4508
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 122.82x
- 13.62x
- Revenue Growth %
- 236.06%
- Operating Profit Growth %
- 4287.88%
- Net Profit Growth %
- 1724.95%
- 1743.15%
- P/E (x)
- 2.99x
- P/B (x)
- 0.64x
- Dividend Yield %
- 0.70%
- 1.88x
Mar 2025
- EPS (₹)
- 26.17
- Book Value (₹)
- 248.60
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 20.95
- Operating Margin %
- 37.99%
- Net Margin %
- 37.95%
- ROE %
- 8.18%
- ROCE %
- 9.27%
- 7.33%
- Debtor Days
- 79
- Inventory Days
- 0
- Payable Days
- 0
- 79
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 16.93x
- 12.47x
- Revenue Growth %
- -40.16%
- Operating Profit Growth %
- -63.91%
- Net Profit Growth %
- -61.35%
- -45.61%
- P/E (x)
- 11.52x
- P/B (x)
- 1.21x
- Dividend Yield %
- 0.33%
- 11.89x
Documents
Announcements
- Updates
2026-08-17 - Keynote Financial Services Limited has informed the Exchange regarding 'Newspaper Publication'.
- General Updates
2026-08-13 - Keynote Financial Services Limited has informed the Exchange about General Updates
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.