Keynote Financial Services Limited (IN:KEYFINSERV)
:KEYFINSERV
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Keynote Financial Services Limited
(KEYFINSERV)
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Rating:75Outperform
Price Target:
₹301.00
▼(-3.32% Downside)
Action:ReiteratedDate:11/18/25
Keynote Financial Services Limited's stock is supported by a strong valuation with a low P/E ratio, indicating potential undervaluation. The technical analysis shows positive momentum, further supporting the stock's outlook. However, financial performance is mixed, with strong equity backing but inconsistent revenue and cash flow trends.
Positive Factors
Balance sheet strength
Low leverage and a high equity ratio provide durable financial flexibility. This capital structure reduces refinancing risk, supports capital allocation for growth or opportunistic investments, and enhances resilience to market stress over the next several quarters.
Negative Factors
Revenue volatility
A steep and erratic revenue decline weakens top-line stability and undermines scale economics. Persistent revenue volatility can pressure margins, limit predictable reinvestment, and complicate strategic planning, making earnings recovery uncertain over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Low leverage and a high equity ratio provide durable financial flexibility. This capital structure reduces refinancing risk, supports capital allocation for growth or opportunistic investments, and enhances resilience to market stress over the next several quarters.
Read all positive factors
Keynote Financial Services Limited (KEYFINSERV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.49B
Dividend Yield0.31%
Average Volume (3M)2.22K
Price to Earnings (P/E)10.1
Beta (1Y)0.78
Revenue Growth-57.76%
EPS Growth-68.83%
CountryIN
Employees22
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)8.07
Shares Outstanding5,566,637
10 Day Avg. Volume4,738
30 Day Avg. Volume2,221
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)1.15
Price to Sales (P/S)7.01
P/FCF Ratio54.65
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
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...
How the Company Makes Money
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Keynote Financial Services Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.34M | 227.17M | 338.73M | 146.26M | 174.47M | 114.30M |
| Gross Profit | 100.95M | 139.01M | 276.57M | 95.89M | 123.53M | 78.72M |
| EBITDA | 36.72M | 128.09M | 364.50M | 6.37M | 205.19M | 150.96M |
| Net Income | 95.89M | 145.70M | 267.85M | -16.30M | 160.83M | 112.74M |
Balance Sheet | ||||||
| Total Assets | 1.61B | 1.52B | 1.40B | 1.10B | 1.39B | 1.21B |
| Cash, Cash Equivalents and Short-Term Investments | 117.13M | 126.03M | 120.55M | 131.92M | 838.61M | 716.67M |
| Total Debt | 14.41M | 16.36M | 13.48M | 49.30M | 271.14M | 258.21M |
| Total Liabilities | 114.13M | 134.00M | 156.51M | 116.81M | 382.75M | 350.85M |
| Stockholders Equity | 1.50B | 1.38B | 1.24B | 981.17M | 1.01B | 855.50M |
Cash Flow | ||||||
| Free Cash Flow | -71.24M | 29.14M | 50.58M | 195.14M | -130.11M | -94.82M |
| Operating Cash Flow | -69.02M | 45.75M | 55.93M | 207.84M | -126.41M | -94.36M |
| Investing Cash Flow | 67.84M | -44.47M | -42.48M | -28.26M | 219.23M | -157.97M |
| Financing Cash Flow | -8.41M | 4.03M | -26.33M | -260.06M | -4.92M | 39.84M |
Keynote Financial Services Limited Technical Analysis
Neutral
311.35
Price Trends
273.69
Negative
289.47
Negative
278.94
Negative
Market Momentum
-8.64
Negative
55.01
Neutral
59.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KEYFINSERV, the sentiment is Neutral. The current price of 311.35 is above the 20-day moving average (MA) of 252.90, above the 50-day MA of 273.69, and above the 200-day MA of 278.94, indicating a neutral trend. The MACD of -8.64 indicates Negative momentum. The RSI at 55.01 is Neutral, neither overbought nor oversold. The STOCH value of 59.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹1.49B | 10.11 | ― | 0.31% | -57.76% | -68.83% | |
68 Neutral | ₹1.23B | 9.34 | ― | 4.37% | -8.60% | -9.89% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | ₹2.45B | 6.06 | ― | ― | 7.76% | -48.14% | |
56 Neutral | ₹922.25M | 24.54 | ― | ― | -39.80% | -49.61% | |
50 Neutral | ₹1.18B | 9.72 | ― | ― | -53.21% | -78.00% |
* Financial Sector Average
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Keynote Financial Services Limited Corporate Events
Keynote opens special window for transfer and demat of physical shares
Feb 26, 2026
Keynote Financial Services Limited has notified the stock exchanges that it has published newspaper notices announcing the opening of a special window for lodging or re-lodging requests for transfer and dematerialisation of physical shares. The mo...
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.