Keynote Financial Services Limited (KEYFINSERV) AI Stock Analysis

• Market Cap: ₹1.87B
• Dividend Yield: 0.37%
• Average Volume (3M): 2.22K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 0.83
• Revenue Growth: -31.36%
• EPS Growth: -30.19%
• Country: IN
• Employees: 22
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 22.57
• Shares Outstanding: 7,018,339
• 10 Day Avg. Volume: 4,738
• 30 Day Avg. Volume: 2,221
• PEG Ratio: -0.24
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 5.18
• P/FCF Ratio: 54.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹294.00
• Price Target Upside: 10.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹294.00 ▲(10.24% Upside)

Keynote Financial Services Limited's overall stock score is driven by its strong financial stability and low valuation, suggesting potential undervaluation. However, inconsistent financial performance and neutral technical indicators suggest caution. The absence of earnings call data and corporate events limits further insights.

Keynote Financial Services Limited Business Overview & Revenue Model

Company Description

Keynote Financial Services Limited provides investment banking and brokerage services in India. It offers capital market services, which include IPO/rights issue services, such as valuation reports, conducting the due diligence, assessing the fund requirement, market making, underwriting the issue, and lead managing; and merchant banking and advisory services, such as buybacks, delisting, and tender offers. The company also provides corporate finance services related to project finance, syndication, asset based bank loan, structured finance, restructuring advice, venture capital/private equity, valuation, and financial modeling; and mergers and acquisition advisory services in the areas of acquisitions, merger advisory, sale and divesture, joint ventures and alliances, access strategy, acquisition finance, FCCBs, ADRs, GDRs, and listings on international exchanges. In addition, it offers employee stock ownership plans; private equity services; valuation services; and equity trading, commodity trading, currency trading, and investment advisory services, as well as equity/debt placements and restructuring services. The company was formerly known as Keynote Corporate Services Limited and changed its name to Keynote Financial Services Limited in April 2019. The company was incorporated in 1993 and is based in Mumbai, India.

How the Company Makes Money

KEYFINSERV generates revenue through various streams, primarily by charging fees for its advisory and management services. The company earns management fees based on the assets under management (AUM) for clients utilizing its investment advisory services. Additionally, it may charge performance fees tied to investment returns that exceed predetermined benchmarks. The firm also offers financial planning services for which it charges flat fees or hourly rates. Significant partnerships with financial institutions and technology providers enhance its service offerings and client reach, contributing to its revenue growth. Furthermore, referral programs and client retention strategies play a crucial role in maintaining a steady flow of income.

Keynote Financial Services Limited Financial Statement Overview

Summary

Keynote Financial Services Limited exhibits a mixed financial profile with strong equity backing and effective cost control. However, revenue and profit fluctuations, coupled with inconsistent cash flow generation, present challenges. The firm demonstrates financial stability with low leverage but needs to address operational inconsistencies to improve its financial standing further.

Income Statement

Keynote Financial Services Limited has shown a volatile revenue trend with significant fluctuations over the years. The gross profit margin remains robust, indicating effective cost control. However, the net profit margin has been inconsistent, reflecting potential operational challenges. Despite these fluctuations, the company has managed a strong EBIT margin, suggesting operational efficiency.

Balance Sheet

The company maintains a solid equity base with a low debt-to-equity ratio, indicating financial prudence. The return on equity has been strong in certain years, showcasing effective use of equity. The equity ratio remains high, reflecting a stable financial structure with substantial equity backing its assets.

Cash Flow

Cash flow management has been inconsistent, with fluctuations in operating and free cash flows. While the company has generated positive free cash flow in recent years, the growth rate has been erratic. The operating cash flow to net income ratio suggests that cash flow generation might not fully reflect net profitability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	244.81M	307.43M	493.26M	162.18M	174.47M	114.30M
Gross Profit	205.81M	285.69M	427.18M	158.00M	123.53M	79.67M
EBITDA	163.32M	124.60M	365.56M	6.37M	205.19M	150.95M
Net Income	192.18M	145.70M	267.85M	-16.30M	160.83M	112.74M
Balance Sheet
Total Assets	0.00	1.52B	1.40B	1.10B	1.39B	1.21B
Cash, Cash Equivalents and Short-Term Investments	0.00	126.03M	120.55M	131.92M	838.61M	716.67M
Total Debt	0.00	16.36M	13.48M	24.76M	271.14M	258.21M
Total Liabilities	-1.38B	134.00M	156.51M	116.81M	382.75M	350.85M
Stockholders Equity	1.38B	1.38B	1.24B	981.17M	1.01B	855.50M
Cash Flow
Free Cash Flow	0.00	29.14M	50.58M	195.14M	-130.11M	-94.82M
Operating Cash Flow	0.00	45.75M	55.93M	207.84M	-126.41M	-94.36M
Investing Cash Flow	0.00	-44.47M	-42.48M	-28.26M	219.23M	-157.97M
Financing Cash Flow	0.00	4.03M	-26.33M	-260.06M	-4.92M	39.84M

Keynote Financial Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 266.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KEYFINSERV, the sentiment is Negative. The current price of 266.7 is above the 20-day moving average (MA) of 264.22, above the 50-day MA of 258.08, and below the 200-day MA of 271.47, indicating a neutral trend. The MACD of 8.28 indicates Negative momentum. The RSI at 49.70 is Neutral, neither overbought nor oversold. The STOCH value of 31.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KEYFINSERV.

Keynote Financial Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STEELCITY	73 Outperform	₹1.52B	8.92	―	3.98%	3.26%	21.80%
KEYFINSERV	71 Outperform	₹1.87B	7.73	―	0.37%	-31.36%	-30.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DBSTOCKBRO	64 Neutral	₹880.25M	18.21	―	―	-39.80%	-49.61%
ALMONDZ	57 Neutral	₹3.00B	16.32	―	―	16.38%	-53.07%
INVENTURE	48 Neutral	₹1.55B	121.31	―	―	-56.39%	-93.98%