Kfin Technologies Limited (IN:KFINTECH)
:KFINTECH
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Kfin Technologies Limited
(KFINTECH)
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Rating:65Neutral
Price Target:
₹864.00
▼(-20.13% Downside)
Action:Downgraded
Date:05/01/26
The score is supported primarily by strong financial performance (growth, profitability, low leverage, and improving cash generation). This is offset by weak technical positioning (trading below major moving averages) and a high valuation multiple with a modest dividend yield.
Positive Factors
Sustained revenue and profit growth
Multi-year top-line expansion and material net income growth indicate durable demand for KFINTECH's core servicing offerings. Consistent revenue and profit scaling supports reinvestment in platforms and talent, making margin delivery and operating leverage more sustainable over the next several quarters.
Negative Factors
Historical profitability and cash-flow volatility
A prior net loss and intermittent cash-flow softness show the company's earnings and cash conversion can be cyclical. This legacy volatility means downside scenarios could stress margins or cash in adverse market conditions, requiring continued focus on operating resiliency and client retention.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue and profit growth
Multi-year top-line expansion and material net income growth indicate durable demand for KFINTECH's core servicing offerings. Consistent revenue and profit scaling supports reinvestment in platforms and talent, making margin delivery and operating leverage more sustainable over the next several quarters.
Read all positive factors
Kfin Technologies Limited (KFINTECH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹142.74B
Dividend Yield0.68%
Average Volume (3M)56.38K
Price to Earnings (P/E)41.5
Beta (1Y)1.28
Revenue Growth19.09%
EPS Growth2.91%
CountryIN
Employees5,599
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)20.12
Shares Outstanding172,615,070
10 Day Avg. Volume83,788
30 Day Avg. Volume56,378
Financial Highlights & Ratios
PEG Ratio15.21
Price to Book (P/B)9.03
Price to Sales (P/S)11.24
P/FCF Ratio43.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,125.00Price Target Upside4.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)23.05
Revenue Forecast (FY)₹15.83B
Kfin Technologies Limited Business Overview & Revenue Model
Company Description
KFin Technologies Limited operates as a leading corporate registrar and transfer agent, offering its services both in India and internationally. Its operations are structured around three core segments: Registry Services, Data Processing Services,...
How the Company Makes Money
Kfin Technologies makes money by charging fees for technology-enabled, outsourced servicing work it performs for financial product manufacturers and issuers, with revenues largely linked to the volume of accounts/folios serviced and the number of ...
Kfin Technologies Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.42B | 13.44B | 10.66B | 8.11B | 6.93B | 6.17B |
| Gross Profit | 8.25B | 11.67B | 7.01B | 5.14B | 4.31B | 4.10B |
| EBITDA | 5.41B | 5.54B | 5.17B | 3.88B | 3.16B | 2.94B |
| Net Income | 3.46B | 3.44B | 3.33B | 2.46B | 1.96B | 1.49B |
Balance Sheet | ||||||
| Total Assets | 18.56B | 27.74B | 17.51B | 14.19B | 12.51B | 10.26B |
| Cash, Cash Equivalents and Short-Term Investments | 6.21B | 4.51B | 6.54B | 4.00B | 2.98B | 1.47B |
| Total Debt | 816.13M | 554.43M | 465.23M | 486.61M | 1.60B | 1.60B |
| Total Liabilities | 3.93B | 11.01B | 3.43B | 2.78B | 3.81B | 3.82B |
| Stockholders Equity | 14.63B | 16.73B | 14.08B | 11.41B | 8.70B | 6.44B |
Cash Flow | ||||||
| Free Cash Flow | 1.59B | 3.44B | 3.13B | 2.04B | 1.53B | 1.85B |
| Operating Cash Flow | 1.81B | 3.84B | 3.99B | 2.89B | 2.23B | 2.53B |
| Investing Cash Flow | -574.02M | -2.17B | -3.23B | -1.78B | -2.04B | -1.15B |
| Financing Cash Flow | -1.31B | -1.34B | -953.29M | -1.27B | 72.53M | -1.15B |
Kfin Technologies Limited Technical Analysis
Negative
1081.75
Price Trends
885.90
Negative
931.53
Negative
1008.42
Negative
Market Momentum
-15.76
Negative
44.14
Neutral
15.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KFINTECH, the sentiment is Negative. The current price of 1081.75 is above the 20-day moving average (MA) of 834.50, above the 50-day MA of 885.90, and above the 200-day MA of 1008.42, indicating a bearish trend. The MACD of -15.76 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 15.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KFINTECH.
Kfin Technologies Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹68.13B | 13.31 | ― | 3.28% | 9.68% | 1.75% | |
72 Outperform | ₹38.79B | 35.65 | ― | 0.21% | 35.08% | 26.95% | |
69 Neutral | ₹19.68B | 16.94 | ― | 1.34% | 5.26% | -27.92% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹142.74B | 41.53 | ― | 0.68% | 19.09% | 2.91% | |
65 Neutral | ₹66.11B | 21.72 | ― | 0.59% | 5.89% | -5.03% | |
63 Neutral | ₹104.02B | 29.79 | ― | 0.69% | 21.53% | 3.38% |
* Financial Sector Average
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Kfin Technologies Limited Corporate Events
KFin Technologies Schedules Analyst and Institutional Investor Meetings in Mid-May
May 11, 2026
KFin Technologies Limited has scheduled meetings with key institutional investors and analysts, including Steinberg Asset Management via a virtual one-to-one session on May 14, 2026, and Aditya Birla Mutual Fund through an in-person one-to-one mee...
KFin Technologies Publishes FY26 Earnings Call Transcript for Investor Access
May 7, 2026
KFin Technologies Limited has released the transcript of its earnings conference call held on April 30, 2026, covering the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The document,...
KFin Technologies boosts FY26 revenue and global reach as international business surges
Apr 29, 2026
KFin Technologies reported stable growth for the quarter and full year ended March 31, 2026, driven by a diversified business mix and accelerating international expansion despite global market volatility. Revenue from operations rose 22.9% year-on...
KFin Technologies Schedules Q4 FY26 Earnings Call for April 30
Apr 12, 2026
KFin Technologies Limited has announced that it will hold an earnings conference call on April 30, 2026, to discuss its standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. Senior managemen...
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.