Capital Markets
Valuation | |
|---|---|
| Market Cap | 15.74 kCr |
| Price/Earnings (Trailing) | 45.21 |
| Price/Sales (Trailing) | 12.35 |
| EV/EBITDA | 28.44 |
| Price/Free Cashflow | 54.19 |
| MarketCap/EBT | 33.38 |
| Enterprise Value | 15.71 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.27 kCr |
| Rev. Growth (Yr) | 26.2% |
| Earnings (TTM) | 347.62 Cr |
| Earnings Growth (Yr) | 2% |
Profitability | |
|---|---|
| Operating Margin | 38% |
| EBT Margin | 37% |
| Return on Equity | 23.76% |
| Return on Assets | 18.73% |
| Free Cashflow Yield | 1.85% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4.6% |
| Price Change 1M | -10.2% |
| Price Change 6M | -16.1% |
| Price Change 1Y | 2.7% |
| 3Y Cumulative Return | 45.1% |
| 5Y Cumulative Return | 186.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -322.64 Cr |
| Cash Flow from Operations (TTM) | 398.9 Cr |
| Cash Flow from Financing (TTM) | -95.33 Cr |
| Cash & Equivalents | 32.03 Cr |
| Free Cash Flow (TTM) | 357.56 Cr |
| Free Cash Flow/Share (TTM) | 20.77 |
Balance Sheet | |
|---|---|
| Total Assets | 1.86 kCr |
| Total Liabilities | 393.02 Cr |
| Shareholder Equity | 1.46 kCr |
| Current Assets | 969.71 Cr |
| Current Liabilities | 221.39 Cr |
| Net PPE | 68.54 Cr |
| Inventory | 0.00 |
| Goodwill | 552.57 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 100.45 |
| Interest/Cashflow Ops | 87.51 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 7.5 |
| Dividend Yield | 0.82% |
| Shares Dilution (1Y) | 0.40% |
| Shares Dilution (3Y) | 2.9% |
Balance Sheet: Strong Balance Sheet.
Profitability: Very strong Profitability. One year profit margin are 27%.
Past Returns: Outperforming stock! In past three years, the stock has provided 45.1% return compared to 13.3% by NIFTY 50.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.2% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Balance Sheet: Strong Balance Sheet.
Profitability: Very strong Profitability. One year profit margin are 27%.
Past Returns: Outperforming stock! In past three years, the stock has provided 45.1% return compared to 13.3% by NIFTY 50.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Momentum: Stock is suffering a negative price momentum. Stock is down -10.2% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.82% |
| Dividend/Share (TTM) | 7.5 |
| Shares Dilution (1Y) | 0.40% |
| Earnings/Share (TTM) | 20.19 |
Financial Health | |
|---|---|
| Current Ratio | 4.38 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 33.76 |
| RSI (5d) | 0.00 |
| RSI (21d) | 34.41 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of KFin Tech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
KFin Technologies Limited's management provided an optimistic outlook during the earnings call held on February 16, 2026. Key points from the discussion highlight the company's strategic growth trajectory following the successful integration of the Ascent acquisition.
Revenue Growth: For Q3 FY '26, revenues stood at INR 323 crores, reflecting an 11.4% year-on-year growth. Including Ascent, the growth surged to 27.9%. For the nine months ended December 31, 2025, revenues reached INR 954 crores, an 18% increase when accounting for the acquisition.
EBITDA and Margins: The EBITDA was reported at INR 151.6 crores with Ascent, marking a significant 16.1% year-on-year growth. EBITDA margins remained solid at 40.9%.
Core PAT: Core Profit After Tax (PAT) increased by 9.1% year-on-year. For the nine months, excluding one-time impacts, PAT was INR 268.9 crores, showing an 8.6% growth.
Diversification Efforts: The revenue mix has changed, with domestic mutual funds contributing 59.8% of total revenue, down from about 71% the previous year. This is coupled with a rise in International Investor Solutions revenue to 16.7%.
Market Share Gains: The company reported an increase in mutual fund market share from 30% to 32.7% since 2020 and a strong 37% share in Systematic Investment Plans (SIPs).
Integration of Ascent: The acquisition added 328 clients and positioned KFin to manage an AUM of $41 billion. Ascent is expected to accelerate growth and enhance margins over the next three years as integration progresses.
AI Strategy: Management emphasized a robust artificial intelligence strategy aimed at optimizing operations and reducing costs.
Forward Guidance: The management reiterated a guidance range of 15% to 20% annual growth for revenue and maintained EBITDA margins between 40% to 45% moving forward.
Overall, management's focus on diversification, strategic integrations, and leveraging technology positions KFin Technologies for sustained growth in the competitive market landscape.
Understand KFin Tech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| General Atlantic Singapore Fund Pte. Ltd. | 21.93% |
| COMPAR ESTATES AND AGENCIES PRIVATE LIMITED | 10.68% |
| KOTAK MAHINDRA BANK LIMITED | 7.69% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND | 3.41% |
| ST. JAMES'S PLACE EMERGING MARKETS EQUITY UNIT TRUST MANAGED BY WASATCH ADVISORS INC | 2.94% |
| INDUS INDIA FUND (MAURITIUS) LIMITED | 2.57% |
Detailed comparison of KFin Tech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BSE | BSE | 1.12 LCr | 4.44 kCr | -5.00% | +94.10% | 51.66 | 25.25 | - | - |
| CDSL | Central Depository Services (India) | 25.58 kCr | 1.23 kCr |
Comprehensive comparison against sector averages
KFINTECH metrics compared to Capital
| Category | KFINTECH | Capital |
|---|---|---|
| PE | 45.21 | 31.20 |
| PS | 12.35 | 10.85 |
| Growth | 19 % | 8.2 % |
KFin Technologies Limited operates as a corporate registrar and transfer agency in India, the United States, Canada, and internationally. The company offers Saas based end-to-end digital onboarding, transaction and order management, transfer agency, channel management, fund accounting, fund administration, compliance solutions, data analytics, regulatory reporting, mobility solutions, and other digital services to asset managers, as well as outsourcing services. It also provides investor solutions, which include registrar and transfer agency, fund administration and accounting, transaction origination and processing, channel management, payment processing, brokerage computation, digital onboarding solutions, communication management, reporting, compliance, compliance/regulatory reporting, recordkeeping, MIS/decision support, analytics, and other digital solutions for asset managers; and global business services, such as mortgage, legal, transfer, wealth management, and finance and accounting services. In addition, the company offers issuer solutions, including folio creation and maintenance, corporate actions processing, compliance/regulatory reporting, recordkeeping, MIS/decision support, e-Voting, e-AGM, e-Vault, Insider trading compliance, AML / PML screening, check, and other platform solutions. The company was incorporated in 2017 and is headquartered in Hyderabad, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
KFINTECH vs Capital (2023 - 2026)
Question: "In this quarter, if I were to look at our issuer solutions, we have seen a sharp margin expansion. Were there any nonrecurring items in this? What drove the strength in this segment this quarter?"
Answer: "Thank you for your question. There were no one-time items or extraordinary events impacting this quarter's results. The growth in issuer solutions is purely organic, driven by a compounding of IPOs from the past year, particularly the December quarter, which traditionally has higher corporate actions. The margin expansion is a result of transitioning large accounts to us at higher rates, despite a decrease in retail investor participation."
Question: "Can you elaborate on the employee expenses side for the last few quarters? How sustainable is the single-digit rise in these expenses?"
Answer: "We've focused on transforming our workforce structure to rely less on a large base of low-level staff and more on senior, tech-savvy employees. This shift aids automation, which reduces manual tasks. Future payroll costs may stabilize around current levels, with non-payroll costs likely rising. As we scale, I expect our margins to remain in the 40% to 45% range."
Question: "Regarding the Ascent acquisition, when do you anticipate it becoming EPS accretive as EBITDA margins are currently lower than KFintech's?"
Answer: "Ascent is already EPS accretive on a cash basis despite accounting adjustments. Although its margins are lower than KFintech's, we believe that with scale and cost optimization, Ascent can improve margins within a 3-year plan. Over time, we expect Ascent's margins to surpass ours due to higher global yields."
Question: "Are there thoughts on establishing a GCC operation as your international expansion accelerates?"
Answer: "Yes, we're working on establishing a Global Capability Center in GIFT City, India. This will centralize our international business, leveraging tax benefits and aligning operations across various fund solutions. We continue to explore growth opportunities while also moving our domestic operations to Tier 2 and 3 cities for talent availability."
Question: "Can you provide insights on how international business revenues might grow, especially excluding Ascent?"
Answer: "Excluding Ascent, the international business recorded a 5.7% sequential revenue growth. The yield is impacted by funds still on minimum fees. We anticipate that as we capture larger contracts over time, the overall yields will improve, benefiting from new platform revenues."
Question: "What are the yield dynamics concerning your international business across different asset classes?"
Answer: "The blended yields for different asset classes like hedge funds and private equity are similar, but public market funds generally have lower expense ratios. The proportion of private mandates in Ascent's portfolio stabilizes our yield structures, which won't differ materially across asset classes."
These responses reflect our commitment to sustainable growth and innovation. Thank you for your questions!
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS VALUE FUND | 1.66% |
| EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS SMALL CAP FUND | 1.61% |
| 360 ONE INDIA PRIVATE EQUITY FUND - SERIES 1A | 1.59% |
| SIXTEENTH STREET ASIAN GEMS FUND | 1.53% |
| HSBC MUTUAL FUND - HSBC SMALL CAP FUND | 1.28% |
| PARTHASARATHY COMANDUR | 1.15% |
| KOTAK SMALL CAP FUND | 1.13% |
| SEI TRUST COMPANY, AS TRUSTEE ON BEHALF OF WASATCH EMERGING MARKETS SELECT CIT | 1.05% |
| General Atlantic Singapore KFT Pte. Ltd. | 0.93% |
| General Atlantic Singapore SPV 79 Pte. Ltd. | 0% |
| General Atlantic Singapore HR Pte. Ltd. | 0% |
| General Atlantic Singapore SPV 81 Pte. Ltd. | 0% |
| General Atlantic Singapore SPV 82 Pte. Ltd. | 0% |
| General Atlantic Singapore SPV 83 Pte. Ltd. | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| +4.10% |
| 53.71 |
| 20.87 |
| - |
| - |
| ALANKIT | Alankit | 215.57 Cr | 380.78 Cr | -17.60% | -51.50% | 10.06 | 0.57 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| - |
| -8.55 |
| 0 |
| 0 |
| 0 |
| 0 |
| 0 |
| Total profit before tax | -1.6% | 125 | 127 | 105 | 122 | 119 | 92 |
| Current tax | 14.3% | 41 | 36 | 26 | 31 | 30 | 23 |
| Deferred tax | -152.2% | -7.75 | -2.47 | 1.77 | 0.43 | 0.01 | 0.46 |
| Total tax | -3% | 33 | 34 | 28 | 32 | 30 | 24 |
| Total profit (loss) for period | -1.1% | 92 | 93 | 77 | 90 | 89 | 68 |
| Other comp. income net of taxes | -150% | -0.2 | 0.52 | 0.67 | -0.68 | 1.44 | 0.01 |
| Total Comprehensive Income | -2.2% | 92 | 94 | 78 | 90 | 91 | 68 |
| Earnings Per Share, Basic | -1.8% | 5.34 | 5.42 | 4.49 | 5.25 | 5.21 | 3.98 |
| Earnings Per Share, Diluted | -1.8% | 5.3 | 5.38 | 4.45 | 5.21 | 5.16 | 3.94 |
| 651 |
| 510 |
| 454 |
| Profit Before exceptional items and Tax | 34.9% | 438 | 325 | 259 |
| Total profit before tax | 34.9% | 438 | 325 | 259 |
| Current tax | 39% | 108 | 78 | 64 |
| Deferred tax | 507.4% | 5.13 | 1.68 | -0.48 |
| Total tax | 41.8% | 113 | 80 | 63 |
| Total profit (loss) for period | 33.2% | 326 | 245 | 196 |
| Other comp. income net of taxes | -28.1% | -1.05 | -0.6 | -0.48 |
| Total Comprehensive Income | 32.4% | 324 | 245 | 196 |
| Earnings Per Share, Basic | 34% | 18.98 | 14.42 | 11.69 |
| Earnings Per Share, Diluted | 34.3% | 18.86 | 14.3 | 11.55 |
| 2% |
| 102 |
| 100 |
| 76 |
| 83 |
| 81 |
| 5.1 |
| Total non-current financial assets | 10.2% | 120 | 109 | 82 | 90 | 88 | 73 |
| Total non-current assets | 1.9% | 915 | 898 | 860 | 853 | 854 | 795 |
| Total assets | 5.7% | 1,832 | 1,733 | 1,516 | 1,417 | 1,413 | 1,244 |
| Total non-current financial liabilities | -3.1% | 32 | 33 | 35 | 38 | 44 | 25 |
| Provisions, non-current | 24.6% | 9.4 | 7.74 | 0 | 0.01 | 0 | 0 |
| Total non-current liabilities | 0.6% | 169 | 168 | 159 | 160 | 166 | 146 |
| Borrowings, current | - | 0 | 0 | 0 | 0 | 134 | 130 |
| Total current financial liabilities | 13.1% | 139 | 123 | 102 | 88 | 213 | 194 |
| Provisions, current | 17950% | 4.57 | 0.98 | 8.72 | 7.85 | 5.81 | 5.18 |
| Current tax liabilities | 129.4% | 40 | 18 | 21 | 4.96 | 21 | 15 |
| Total current liabilities | 29.4% | 212 | 164 | 147 | 115 | 254 | 226 |
| Total liabilities | 14.5% | 381 | 333 | 305 | 276 | 419 | 372 |
| Equity share capital | 0% | 172 | 172 | 171 | 171 | 170 | 169 |
| Total equity | 3.6% | 1,451 | 1,401 | 1,211 | 1,142 | 993 | 872 |
| Total equity and liabilities | 5.7% | 1,832 | 1,733 | 1,516 | 1,417 | 1,413 | 1,244 |
| -147% |
| Net Cashflows From Investing Activities | -87.3% |
| Proceeds from exercise of stock options | -19% |
| Payments of lease liabilities | 7.6% |
| Dividends paid | - |
| Interest paid | 2.1% |
| Other inflows (outflows) of cash | 99.3% |
| Net Cashflows from Financing Activities | 24.1% |
| Net change in cash and cash eq. | -118.6% |
Analysis of KFin Tech's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Domestic mutual fund investor solutions | 60.5% | 224.4 Cr |
| International and other investor solutions | 24.8% | 92.1 Cr |
| Issuer Solutions | 14.7% |
| 54.3 Cr |
| Total | 370.9 Cr |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years