Nifty

:

26013.45

Sensex

:

84950.95

103.40 (0.40%)
388.17 (0.46%)

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Nifty
Sensex

:
:

26013.45
84950.95

103.40 (0.40%)
388.17 (0.46%)

KFin Technologies Ltd.

Depository Services

Rating :

63/99

BSE: 543720 | NSE: KFINTECH

Watchlist

NSE BSE

1088.60

17-Nov-2025

Open
High
Low
Previous Close

1084.1
1098.7
1082.7
1084.10

Volume
Traded Value (lacs)
52 Week High
52 Week Low

468953
511837529.6
1641.35
784.15

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

18,765.78
54.27
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

18,609.15
0.69%
12.82

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
17.79
14.85

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
17.52
10.05

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
19.33

P:E (Median)

8 Years
5 Years
3 Years

-
-
50.41

P:BV (Average)

8 Years
5 Years
3 Years

-
-
10.78

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
30.81

Earnings Forecasts:

(Updated: 08-11-2025)

Description 2024 2025 2026 2027
Adj EPS 19.39 21.59 26.4 32.27
P/E Ratio 56.14 50.42 41.23 33.73
Revenue 1090.75 1314.6 1610.33 1897.32
EBITDA 479 539.95 665.96 809.25
Net Income 332.62 372.45 455.05 557.27
ROA 20.99 20.22 21.4 22.57
P/B Ratio 13.32 11.43 9.76 8.23
ROE 26.1 24.97 26.23 27.38
FCFF 370.76 162.02 382.32 485.46
FCFF Yield 1.96 0.86 2.03 2.57
Net Debt -584.42 -511.23 -721.9 -1077.5
BVPS 81.75 95.24 111.49 132.21

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 297.26 269.23 10.41% 264.45 229.59 15.18% 274.28 224.34 22.26% 282.39 210.53 34.13%
Expenses 166.81 145.99 14.26% 154.54 131.52 17.50% 157.64 125.58 25.53% 151.83 114.76 32.30%
EBITDA 130.45 123.24 5.85% 109.91 98.07 12.07% 116.65 98.76 18.11% 130.56 95.77 36.33%
EBIDTM 43.89% 45.77% 41.56% 42.71% 42.53% 44.02% 46.23% 45.49%
Other Income 10.28 7.91 29.96% 9.69 7.85 23.44% 9.33 6.36 46.70% 8.55 6.24 37.02%
Interest 1.03 1.07 -3.74% 1.05 1.16 -9.48% 1.27 1.11 14.41% 1.14 1.16 -1.72%
Depreciation 16.47 15.32 7.51% 15.83 13.59 16.48% 15.28 13.43 13.78% 15.14 12.25 23.59%
PBT 123.23 114.76 7.38% 102.72 91.17 12.67% 109.44 90.58 20.82% 122.83 88.60 38.63%
Tax 32.14 29.58 8.65% 26.62 23.32 14.15% 27.96 17.83 56.81% 31.79 22.79 39.49%
PAT 91.08 85.18 6.93% 76.10 67.85 12.16% 81.47 72.75 11.99% 91.04 65.81 38.34%
PATM 30.64% 31.64% 28.78% 29.55% 29.70% 32.43% 32.24% 31.26%
EPS 5.29 4.94 7.09% 4.42 3.94 12.18% 4.73 4.22 12.09% 5.28 3.82 38.22%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 309.23 280.47 10.25% 274.06 237.56 15.36% 282.70 228.34 23.81% 290.02 218.72 32.60%
Expenses 173.53 153.94 12.73% 160.20 137.90 16.17% 160.44 123.74 29.66% 159.47 120.82 31.99%
EBITDA 135.71 126.54 7.25% 113.86 99.66 14.25% 122.25 104.60 16.87% 130.55 97.90 33.35%
EBIDTM 43.88% 45.12% 41.55% 41.95% 43.25% 45.81% 45.01% 44.76%
Other Income 10.77 10.54 2.18% 10.03 8.09 23.98% 10.00 6.60 51.52% 9.09 6.44 41.15%
Interest 1.09 1.08 0.93% 1.09 1.17 -6.84% 1.29 1.11 16.22% 1.15 1.17 -1.71%
Depreciation 18.41 16.53 11.37% 17.64 14.78 19.35% 16.74 14.61 14.58% 16.40 13.41 22.30%
PBT 126.99 119.47 6.29% 105.16 91.81 14.54% 114.22 95.47 19.64% 122.09 89.76 36.02%
Tax 33.63 30.15 11.54% 27.65 23.73 16.52% 29.17 19.90 46.58% 31.91 22.62 41.07%
PAT 93.36 89.32 4.52% 77.51 68.07 13.87% 85.05 75.57 12.54% 90.18 67.14 34.32%
PATM 30.19% 31.85% 28.28% 28.65% 30.09% 33.09% 31.09% 30.70%
EPS 5.42 5.21 4.03% 4.49 3.97 13.10% 4.94 4.36 13.30% 5.25 3.92 33.93%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,118.38 1,055.50 810.83 696.45 624.71 471.79 Net Sales Growth 19.78% 30.18% 16.42% 11.48% 32.41% Cost Of Goods Sold -0.01 0.00 0.00 0.00 0.00 0.00 Gross Profit 1,118.39 1,055.50 810.83 696.45 624.71 471.79 GP Margin 100.00% 100% 100% 100% 100% 100% Total Expenditure 630.82 590.52 457.92 403.18 337.65 262.20 Power & Fuel Cost - 5.06 4.46 4.09 3.63 4.92 % Of Sales - 0.48% 0.55% 0.59% 0.58% 1.04% Employee Cost - 366.78 297.16 272.31 224.95 183.59 % Of Sales - 34.75% 36.65% 39.10% 36.01% 38.91% Manufacturing Exp. - 12.73 9.39 0.00 15.63 22.76 % Of Sales - 1.21% 1.16% 0% 2.50% 4.82% General & Admin Exp. - 191.60 131.50 119.95 87.86 52.85 % Of Sales - 18.15% 16.22% 17.22% 14.06% 11.20% Selling & Distn. Exp. - 3.69 2.50 2.72 0.00 0.00 % Of Sales - 0.35% 0.31% 0.39% 0% 0% Miscellaneous Exp. - 10.65 12.92 4.11 9.21 3.01 % Of Sales - 1.01% 1.59% 0.59% 1.47% 0.64% EBITDA 487.57 464.98 352.91 293.27 287.06 209.59 EBITDA Margin 43.60% 44.05% 43.52% 42.11% 45.95% 44.42% Other Income 37.85 37.25 29.24 20.27 9.64 4.69 Interest 4.49 4.71 8.39 10.68 52.90 51.96 Depreciation 62.72 59.33 48.62 43.45 36.16 97.91 PBT 458.22 438.20 325.14 259.41 207.63 64.41 Tax 118.51 112.65 79.72 63.16 54.62 131.72 Tax Rate 25.86% 25.71% 24.52% 24.35% 26.31% 204.50% PAT 339.69 325.55 245.42 196.25 153.01 -67.31 PAT before Minority Interest 339.69 325.55 245.42 196.25 153.01 -67.31 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 30.37% 30.84% 30.27% 28.18% 24.49% -14.27% PAT Growth 16.50% 32.65% 25.05% 28.26% - EPS 19.72 18.89 14.24 11.39 8.88 -3.91

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,156.01 1,090.75 837.53 720.03 639.51 481.14 Net Sales Growth 19.78% 30.23% 16.32% 12.59% 32.92% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 Gross Profit 1,156.01 1,090.75 837.53 720.03 639.51 481.14 GP Margin 100.00% 100% 100% 100% 100% 100% Total Expenditure 653.64 614.64 475.57 425.04 352.30 268.70 Power & Fuel Cost - 5.12 4.52 4.14 3.67 4.96 % Of Sales - 0.47% 0.54% 0.57% 0.57% 1.03% Employee Cost - 403.29 319.66 289.43 232.49 188.61 % Of Sales - 36.97% 38.17% 40.20% 36.35% 39.20% Manufacturing Exp. - 5.20 2.51 0.00 16.21 23.10 % Of Sales - 0.48% 0.30% 0% 2.53% 4.80% General & Admin Exp. - 186.04 131.64 124.13 93.64 54.01 % Of Sales - 17.06% 15.72% 17.24% 14.64% 11.23% Selling & Distn. Exp. - 4.27 3.87 3.18 0.00 0.00 % Of Sales - 0.39% 0.46% 0.44% 0% 0% Miscellaneous Exp. - 10.73 13.37 4.17 9.96 2.98 % Of Sales - 0.98% 1.60% 0.58% 1.56% 0.62% EBITDA 502.37 476.11 361.96 294.99 287.21 212.44 EBITDA Margin 43.46% 43.65% 43.22% 40.97% 44.91% 44.15% Other Income 39.89 40.72 29.36 20.62 6.78 5.05 Interest 4.62 4.79 8.51 10.72 52.97 52.01 Depreciation 69.19 64.45 53.02 46.67 37.02 97.99 PBT 468.46 447.59 329.79 258.22 204.00 67.51 Tax 122.36 114.97 81.33 62.48 55.45 132.01 Tax Rate 26.12% 25.69% 24.66% 24.20% 27.18% 195.54% PAT 346.10 332.63 246.05 195.74 148.55 -64.51 PAT before Minority Interest 346.10 332.63 246.05 195.74 148.55 -64.51 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 29.94% 30.50% 29.38% 27.18% 23.23% -13.41% PAT Growth 15.33% 35.19% 25.70% 31.77% - EPS 20.09 19.31 14.28 11.36 8.62 -3.74

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,400.57 1,141.65 871.66 645.75 343.56 Share Capital 172.08 170.99 169.23 167.57 150.84 Total Reserves 1,208.97 960.56 687.78 466.13 189.82 Non-Current Liabilities 296.06 268.98 190.38 323.06 498.81 Secured Loans 0.00 0.00 0.00 0.00 293.89 Unsecured Loans 0.00 0.00 0.00 122.51 0.00 Long Term Provisions 135.30 108.54 44.36 54.49 53.92 Current Liabilities 349.96 225.48 426.87 236.47 214.62 Trade Payables 66.94 40.16 24.69 23.94 25.05 Other Current Liabilities 78.37 62.33 51.32 57.76 92.53 Short Term Borrowings 0.00 0.00 130.07 0.00 0.00 Short Term Provisions 204.65 122.99 220.79 154.77 97.04 Total Liabilities 2,046.59 1,636.11 1,488.91 1,205.28 1,056.99 Net Block 747.32 714.23 650.92 628.81 620.66 Gross Block 1,121.62 1,047.21 937.05 882.97 839.76 Accumulated Depreciation 374.30 332.99 286.13 254.16 219.10 Non Current Assets 1,025.93 961.23 839.31 807.39 726.18 Capital Work in Progress 30.73 35.74 39.77 34.58 2.51 Non Current Investment 100.05 82.92 67.92 53.92 15.23 Long Term Loans & Adv. 138.48 121.70 80.18 88.60 85.53 Other Non Current Assets 9.36 6.64 0.53 1.49 2.24 Current Assets 1,014.48 674.88 649.60 397.88 330.81 Current Investments 434.48 141.88 222.07 93.08 94.91 Inventories 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 179.67 143.50 117.64 107.06 107.87 Cash & Bank 150.41 237.86 72.01 31.05 15.26 Other Current Assets 249.93 32.42 30.79 24.34 112.78 Short Term Loans & Adv. 217.10 119.22 207.09 142.35 96.03 Net Current Assets 664.52 449.40 222.73 161.41 116.20 Total Assets 2,040.41 1,636.11 1,488.91 1,205.27 1,056.99

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,407.83 1,140.99 870.22 644.34 346.40 Share Capital 172.08 170.99 169.23 167.57 150.84 Total Reserves 1,216.23 959.90 686.34 464.72 192.66 Non-Current Liabilities 303.45 271.83 191.99 326.88 499.03 Secured Loans 0.00 0.00 0.00 0.00 293.89 Unsecured Loans 0.00 0.00 0.00 122.51 0.00 Long Term Provisions 141.62 110.36 44.95 55.53 53.92 Current Liabilities 357.53 226.16 433.32 240.98 216.39 Trade Payables 67.05 35.46 26.15 25.53 25.26 Other Current Liabilities 83.80 65.95 55.26 60.18 93.98 Short Term Borrowings 0.00 0.00 130.07 0.00 0.00 Short Term Provisions 206.69 124.75 221.84 155.27 97.14 Total Liabilities 2,068.81 1,638.98 1,495.53 1,212.20 1,061.82 Net Block 803.14 764.16 691.32 668.53 629.57 Gross Block 1,189.42 1,105.91 981.92 923.58 848.68 Accumulated Depreciation 386.27 341.75 290.60 255.04 219.10 Non Current Assets 988.83 936.65 819.87 793.84 719.86 Capital Work in Progress 29.28 36.88 39.77 34.58 2.51 Non Current Investment 1.09 4.09 6.50 0.00 0.00 Long Term Loans & Adv. 145.11 124.87 81.75 89.24 85.54 Other Non Current Assets 10.20 6.64 0.53 1.49 2.24 Current Assets 1,073.82 702.34 675.66 418.36 341.97 Current Investments 460.56 145.76 222.07 93.08 94.91 Inventories 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 192.66 151.90 126.55 112.60 110.59 Cash & Bank 170.38 251.73 87.02 45.19 23.47 Other Current Assets 250.22 32.12 32.81 15.16 112.99 Short Term Loans & Adv. 218.49 120.83 207.22 152.33 96.11 Net Current Assets 716.29 476.18 242.35 177.38 125.58 Total Assets 2,062.65 1,638.99 1,495.53 1,212.20 1,061.83

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 393.31 286.34 232.02 256.27 202.38 PBT 438.20 325.14 259.41 207.63 64.41 Adjustment 43.79 38.70 50.01 97.15 148.99 Changes in Working Capital 2.96 -13.55 -22.18 0.43 -9.41 Cash after chg. in Working capital 484.94 350.29 287.24 305.21 203.99 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -91.64 -63.96 -55.23 -48.94 -1.61 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -322.56 -171.71 -213.83 -124.80 -107.13 Net Fixed Assets -69.40 -106.13 -59.27 -75.28 Net Investments -309.73 65.19 -142.99 -36.86 Others 56.57 -130.77 -11.57 -12.66 Cash from Financing Activity -94.60 -125.00 7.89 -115.27 -88.87 Net Cash Inflow / Outflow -23.86 -10.37 26.08 16.21 6.38 Opening Cash & Equivalents 46.63 57.00 30.92 14.71 8.33 Closing Cash & Equivalent 22.78 46.63 57.00 30.92 14.71

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 398.90 289.25 223.37 252.64 203.81 PBT 447.59 327.38 258.22 204.00 67.51 Adjustment 47.91 47.07 46.99 101.55 149.01 Changes in Working Capital -2.14 -19.46 -25.64 -3.24 -9.84 Cash after chg. in Working capital 493.36 355.00 279.57 302.31 206.68 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -94.45 -65.74 -56.20 -49.68 -2.87 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -322.65 -177.57 -204.37 -115.38 -102.91 Net Fixed Assets -69.40 -106.13 -59.27 -75.28 Net Investments -309.73 65.19 -142.99 -36.86 Others 56.48 -136.63 -2.11 -3.24 Cash from Financing Activity -95.33 -126.74 7.25 -115.41 -89.40 Net Cash Inflow / Outflow -19.08 -15.05 26.25 21.85 11.50 Opening Cash & Equivalents 56.40 71.78 45.03 22.93 11.66 Closing Cash & Equivalent 38.15 56.40 71.78 45.03 22.93

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 80.25 66.18 50.64 37.82 22.58 ROA 17.68% 15.71% 14.57% 13.53% -6.78% ROE 25.91% 24.68% 26.33% 31.41% -17.99% ROCE 34.84% 31.12% 30.52% 35.74% 15.79% Fixed Asset Turnover 0.97 0.82 0.77 0.73 0.57 Receivable days 55.88 58.78 58.88 62.79 71.39 Inventory Days 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 Cash Conversion Cycle 55.88 58.78 58.88 62.79 71.39 Total Debt/Equity 0.00 0.00 0.15 0.19 1.02 Interest Cover 94.09 39.76 25.30 4.93 2.24

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 80.68 66.14 50.56 37.73 22.77 ROA 17.94% 15.70% 14.46% 13.06% -6.47% ROE 26.41% 24.77% 26.31% 30.45% -17.17% ROCE 35.50% 31.37% 30.44% 35.22% 16.18% Fixed Asset Turnover 0.95 0.80 0.76 0.72 0.58 Receivable days 57.65 60.67 60.61 63.69 75.45 Inventory Days 0.00 0.00 0.00 0.00 0.00 Payable days 0.00 0.00 0.00 0.00 0.00 Cash Conversion Cycle 57.65 60.67 60.61 63.69 75.45 Total Debt/Equity 0.00 0.00 0.15 0.19 1.01 Interest Cover 94.38 39.45 25.09 4.85 2.30

Top Investors:

compar estates and agencies private limited

kotak mahindra bank limited

nippon life india trustee ltd-a/c nippon india small cap fund

indus india fund (mauritius) limited

sixteenth street asian gems fund

axis mutual fund trustee limited a/c axis mutual fund a/c axis value fund

360 one india private equity fund - series 1a

edelweiss trusteeship co ltd ac- edelweiss mf ac-edelweiss small cap fund

hsbc small cap fund

st. james's place emerging markets equity unit trust managed by wasatch advisors inc

Annual Reports:

News Update:

KFin Technologies acquires 51% controlling stake in Ascent Fund Services
14th Oct 2025, 11:51 AM

The company has acquired the stake for a consideration of $34.68 million
Read More
KFin Technologies launches IGNITE
29th Sep 2025, 15:20 PM

The program aims to redefine relationship management and service delivery, while setting new benchmarks for how AMCs and distributors partner to serve India’s growing investor base
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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