RNFI Services Ltd.

275.51.75%

2026-08-21

rnfiservices.comBSE: -NSE: RNFI
Market Cap₹ 697 Cr.
Current Price₹ 271
High / Low₹ 404 / 216
Stock P/E24.6
Book Value₹ 69
Price to Book4.86
Dividend Yield0.00 %
ROCE32.8 %
ROE28.0 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Full Fledge Money Changer: 53.1% • Business Correspondent: 23.7% • Non-Business Correspondent: 21.4% • Direct Broking: 1.2% • Others: 0.7%

PROS

  • Company has a healthy return on capital (ROCE) of 32.1%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
  • Company has consistently been profitable over the last 5 years
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.63x)
  • Company comfortably covers its interest (7.1x coverage)
  • Attractively priced for its growth - PEG of 0.5

CONS

  • Though reporting repeated profits, the company pays out little dividend (0.0%)
  • Inventory has been piling up - inventory days up from 2 to 3

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.GROWW194.2049.94121833.250.007350.4015014.201560.1337.5464.60
2.PAYTM1585.20156.36101632.420.00220.0079.592448.0027.67-4.438.29
3.POLICYBZR1780.00110.0782359.690.001629.101824.5118882.801300.816.857.24
4.PINELABS157.65142.9118190.570.00195.703985.597369.201096.47-1.3712.88
5.STYL379.5523.286141.340.6660.3463.78376.4721.1037.7123.21
6.CCAVENUE14.8917.715206.170.0084.7745.082680.40109.378.633.80
7.TURTLEMINT139.000.004093.260.00-377.802940.80-38.38-11.20
8.MOBIKWIK195.900.001542.650.007.62118.17281.483.73-8.652.88
9.RNFI274.8024.55696.810.0050.59776.622699.11981.4132.793.94
10.SUVIDHAA2.390.0050.140.00-1.9155.582.40135.29-32.85-70.42
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2024
220
208
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
3
9
Tax %
26.79%
Net Profit
0
3
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
244
233
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
4
8
Tax %
21.21%
Net Profit
0
2
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
214
205
Operating Profit
OPM %
Other Income
3
Interest
1
Depreciation
4
7
Tax %
25.49%
Net Profit
0
2
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
250
244
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
4
8
Tax %
26.75%
Net Profit
6
0
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
222
208
Operating Profit
OPM %
Other Income
2
Interest
0
Depreciation
4
12
Tax %
25.21%
Net Profit
9
3
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
258
241
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
4
13
Tax %
24.32%
Net Profit
10
3
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
239
223
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
5
12
Tax %
27.43%
Net Profit
8
3
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
270
264
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
4
7
Tax %
26.66%
Net Profit
5
0
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
25
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
134
123
Operating Profit
13
OPM %
9
Other Income
2
Interest
1
Depreciation
1
10
Tax %
27
Net Profit
7
EPS
4
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2022
188
180
Operating Profit
11
OPM %
6
Other Income
3
Interest
2
Depreciation
1
8
Tax %
29
Net Profit
6
EPS
3
Dividend Payout %
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
Mar 2023
1,067
1,058
Operating Profit
12
OPM %
1
Other Income
3
Interest
3
Depreciation
2
7
Tax %
25
Net Profit
5
EPS
3
Dividend Payout %
0
Minority Interest
1
Share of Associates
0
Adjusted EPS
3
Minority Interest
1
Share of Associates
0
Adjusted EPS
3
Mar 2024
936
922
Operating Profit
21
OPM %
2
Other Income
7
Interest
4
Depreciation
4
13
Tax %
24
Net Profit
10
EPS
6
Dividend Payout %
0
Minority Interest
1
Share of Associates
0
Adjusted EPS
6
Minority Interest
1
Share of Associates
0
Adjusted EPS
6
Mar 2025
917
878
Operating Profit
46
OPM %
5
Other Income
7
Interest
4
Depreciation
15
27
Tax %
25
Net Profit
20
EPS
7
Dividend Payout %
0
Minority Interest
-2
Share of Associates
0
Adjusted EPS
7
Minority Interest
-2
Share of Associates
0
Adjusted EPS
7
TTM
989
937
Operating Profit
OPM %
Other Income
5
Interest
2
Depreciation
17
43
Tax %
26
Net Profit
32
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
70%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
52%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
-16%

RETURN ON EQUITY

10 Years:
5 Years:
48%
3 Years:
32%
Last Year:
28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2021
Equity Capital
0
8
16
Trade Payables
3
78
Total Liabilities
105
8
Capital Work in Progress
3
2
3
0
Cash & Bank
43
46
Total Assets
105
Total Debt
16
Net Working Capital
-25
Contingent Liabilities
1
Book Value per Share
784.43
Face Value
10.00
Total Debt
16
Net Working Capital
-25
Contingent Liabilities
1
Book Value per Share
784.43
Face Value
10.00
Mar 2022
Equity Capital
0
13
2
Trade Payables
2
100
Total Liabilities
116
10
Capital Work in Progress
4
1
3
0
Cash & Bank
56
43
Total Assets
116
Total Debt
11
Net Working Capital
6
Contingent Liabilities
1
Book Value per Share
1342.07
Face Value
10.00
Total Debt
11
Net Working Capital
6
Contingent Liabilities
1
Book Value per Share
1342.07
Face Value
10.00
Mar 2023
Equity Capital
0
20
3
Trade Payables
2
99
Total Liabilities
125
6
Capital Work in Progress
0
1
5
0
Cash & Bank
37
76
Total Assets
125
Total Debt
19
Net Working Capital
9
Contingent Liabilities
1
Book Value per Share
2053.47
Face Value
10.00
Total Debt
19
Net Working Capital
9
Contingent Liabilities
1
Book Value per Share
2053.47
Face Value
10.00
Mar 2024
Equity Capital
18
13
11
Trade Payables
6
141
Total Liabilities
190
28
Capital Work in Progress
0
0
5
29
Cash & Bank
65
62
Total Assets
190
Total Debt
30
Net Working Capital
-4
Contingent Liabilities
1
Book Value per Share
17.32
Face Value
10.00
Total Debt
30
Net Working Capital
-4
Contingent Liabilities
1
Book Value per Share
17.32
Face Value
10.00
Mar 2025
Equity Capital
25
87
1
Trade Payables
2
164
Total Liabilities
279
37
Capital Work in Progress
0
0
8
32
Cash & Bank
119
82
Total Assets
279
Total Debt
16
Net Working Capital
67
Contingent Liabilities
2
Book Value per Share
44.87
Face Value
10.00
Total Debt
16
Net Working Capital
67
Contingent Liabilities
2
Book Value per Share
44.87
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
5
Cash from Investing
-13
Cash from Financing
14
6
Free Cash Flow
5
OCF / Net Profit
0.72
Cumulative 5-Year FCF
0
OCF / Net Profit
0.72
Cumulative 5-Year FCF
0
Mar 2022
20
Cash from Investing
-0
Cash from Financing
-6
14
Free Cash Flow
15
OCF / Net Profit
3.63
Cumulative 5-Year FCF
0
OCF / Net Profit
3.63
Cumulative 5-Year FCF
0
Mar 2023
-20
Cash from Investing
-8
Cash from Financing
8
-20
Free Cash Flow
-20
OCF / Net Profit
-4.11
Cumulative 5-Year FCF
0
OCF / Net Profit
-4.11
Cumulative 5-Year FCF
0
Mar 2024
47
Cash from Investing
-26
Cash from Financing
7
28
Free Cash Flow
20
OCF / Net Profit
4.77
Cumulative 5-Year FCF
0
OCF / Net Profit
4.77
Cumulative 5-Year FCF
0
Mar 2025
30
Cash from Investing
-31
Cash from Financing
46
45
Free Cash Flow
6
OCF / Net Profit
1.49
Cumulative 5-Year FCF
0
OCF / Net Profit
1.49
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
745.97
Book Value (₹)
784.43
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.72
Operating Margin %
9.34%
Net Margin %
5.57%
ROE %
95.10%
ROCE %
48.53%
7.11%
Debtor Days
22
Inventory Days
9
Payable Days
34
-4
Debt to Equity (x)
2.04x
Interest Coverage (x)
8.14x
0.74x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
522.51
Book Value (₹)
1342.07
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.96
Operating Margin %
5.81%
Net Margin %
2.95%
ROE %
52.20%
ROCE %
39.11%
5.02%
Debtor Days
20
Inventory Days
6
Payable Days
23
4
Debt to Equity (x)
0.81x
Interest Coverage (x)
5.76x
1.06x
Revenue Growth %
40.48%
Operating Profit Growth %
-12.59%
Net Profit Growth %
-25.60%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
539.33
Book Value (₹)
2053.47
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.87
Operating Margin %
1.08%
Net Margin %
0.46%
ROE %
28.79%
ROCE %
30.12%
4.05%
Debtor Days
5
Inventory Days
1
Payable Days
1
5
Debt to Equity (x)
0.91x
Interest Coverage (x)
3.16x
1.10x
Revenue Growth %
466.58%
Operating Profit Growth %
5.76%
Net Profit Growth %
-11.95%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
5.80
Book Value (₹)
17.32
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.55
Operating Margin %
1.41%
Net Margin %
1.06%
ROE %
37.93%
ROCE %
33.25%
6.28%
Debtor Days
9
Inventory Days
2
Payable Days
2
8
Debt to Equity (x)
0.96x
Interest Coverage (x)
4.32x
0.97x
Revenue Growth %
-12.28%
Operating Profit Growth %
78.90%
Net Profit Growth %
102.07%
-98.92%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
-0.80x
Mar 2025
EPS (₹)
7.29
Book Value (₹)
44.87
Dividend per Share (₹)
0.00
Cash EPS (₹)
13.88
Operating Margin %
4.26%
Net Margin %
2.19%
ROE %
28.01%
ROCE %
32.79%
8.58%
Debtor Days
12
Inventory Days
3
Payable Days
2
12
Debt to Equity (x)
0.14x
Interest Coverage (x)
7.10x
1.45x
Revenue Growth %
-2.01%
Operating Profit Growth %
120.60%
Net Profit Growth %
103.52%
25.73%
P/E (x)
29.92x
P/B (x)
4.86x
Dividend Yield %
0.00%
9.66x

Shareholding Pattern

Numbers in percentages

TRADES
Sep 2024
65.36
1.07
2.89
Government
0.00
30.67
Mar 2025
65.38
0.29
2.39
Government
0.00
31.94
Sep 2025
65.38
0.00
2.47
Government
0.00
32.15
Dec 2025
65.10
0.00
2.42
Government
0.00
32.48
Mar 2026
65.11
0.00
2.49
Government
0.00
32.40
Jun 2026
64.35
1.17
2.42
Government
0.00
32.06

Documents

Announcements

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls