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Keynote Financial Services Limited
(KEYFINSERV)
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Rating:66Neutral
Price Target:
₹285.00
▼(-8.46% Downside)
Action:Downgraded
Date:06/02/26
The score is primarily supported by solid financial positioning, led by balance sheet strength and recent revenue growth, but tempered by volatile earnings/cash-flow consistency. Technicals are a meaningful drag due to the stock trading below major moving averages with negative momentum signals. Valuation is neutral-to-slightly supportive with a mid-range P/E, while the low dividend yield provides limited additional support.
Positive Factors
Conservative balance sheet
Low debt relative to a growing equity base and expanding assets provides durable financial flexibility. This capital cushion supports investment, absorbs cyclical shocks, and reduces refinancing risk, enabling the firm to pursue strategic initiatives or withstand industry stress over the medium term.
Negative Factors
Volatile profitability and earnings quality
Large swings in net income and inconsistent margins reduce confidence in sustainable earnings power and hinder reliable forecasting. Such volatility can indicate one-offs, accounting timing effects, or business mix shifts, making capital allocation and valuation of long-term cash flows more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low debt relative to a growing equity base and expanding assets provides durable financial flexibility. This capital cushion supports investment, absorbs cyclical shocks, and reduces refinancing risk, enabling the firm to pursue strategic initiatives or withstand industry stress over the medium term.
Read all positive factors
Keynote Financial Services Limited (KEYFINSERV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.40B
Dividend Yield0.31%
Average Volume (3M)2.22K
Price to Earnings (P/E)20.9
Beta (1Y)1.12
Revenue Growth-5.20%
EPS Growth-54.29%
CountryIN
Employees22
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)11.97
Shares Outstanding5,566,637
10 Day Avg. Volume4,738
30 Day Avg. Volume2,221
Financial Highlights & Ratios
PEG Ratio-0.35
Price to Book (P/B)0.88
Price to Sales (P/S)4.35
P/FCF Ratio9.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Keynote Financial Services Limited Business Overview & Revenue Model
Company Description
Headquartered in Mumbai, India, and established in 1993, Keynote Financial Services Limited, which adopted its current name in April 2019 after operating as Keynote Corporate Services Limited, offers a comprehensive range of investment banking and...
How the Company Makes Money
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Keynote Financial Services Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 291.44M | 227.17M | 338.73M | 146.26M | 174.47M |
| Gross Profit | 261.66M | 139.01M | 276.57M | 95.89M | 123.53M |
| EBITDA | 103.70M | 128.09M | 364.50M | 6.37M | 205.19M |
| Net Income | 66.59M | 145.70M | 267.85M | -16.30M | 160.83M |
Balance Sheet | |||||
| Total Assets | 1.59B | 1.52B | 1.40B | 1.10B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 118.55M | 126.03M | 120.55M | 131.92M | 838.61M |
| Total Debt | 41.44M | 16.36M | 13.48M | 49.30M | 271.14M |
| Total Liabilities | 147.22M | 134.00M | 156.51M | 116.81M | 382.75M |
| Stockholders Equity | 1.45B | 1.38B | 1.24B | 981.17M | 1.01B |
Cash Flow | |||||
| Free Cash Flow | 128.82M | 29.14M | 50.58M | 195.14M | -130.11M |
| Operating Cash Flow | 153.38M | 45.75M | 55.93M | 207.84M | -126.41M |
| Investing Cash Flow | -176.71M | -44.47M | -42.48M | -28.26M | 219.23M |
| Financing Cash Flow | 19.51M | 4.03M | -26.33M | -260.06M | -4.92M |
Keynote Financial Services Limited Technical Analysis
Negative
311.35
Price Trends
269.84
Negative
271.33
Negative
280.15
Negative
Market Momentum
-5.69
Positive
36.73
Neutral
4.41
Positive
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 311.35 is above the 20-day moving average (MA) of 253.13, above the 50-day MA of 269.84, and above the 200-day MA of 280.15, indicating a bearish trend. The MACD of -5.69 indicates Positive momentum. The RSI at 36.73 is Neutral, neither overbought nor oversold. The STOCH value of 4.41 is Positive, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.40B | 20.86 | ― | 0.31% | -5.20% | -54.29% | |
65 Neutral | ₹1.48B | 20.86 | ― | ― | -6.18% | -16.00% | |
62 Neutral | ₹1.17B | 37.80 | ― | ― | -34.27% | -45.97% | |
62 Neutral | ₹7.32B | 45.70 | ― | 0.56% | 9.76% | -74.05% | |
59 Neutral | ₹987.00M | 23.66 | ― | ― | -21.14% | 3.40% | |
58 Neutral | ₹14.71B | 9.65 | ― | 0.70% | 5.45% | -29.94% |
* Financial Sector Average
IN:KEYFINSERV
Keynote Financial Services Limited
250.90
-27.92
-10.01%
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-9.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.