MarketFriction

Keynote Financial Services Ltd

NSE KEYFINSERV · BSE 512597 · Stockbroking & Allied
₹244.05 +0.45%
NSE close2026-10-01
52 week range220.00 - 382.10
Market cap₹133 Cr.
P/E22.8
Price band 20% Delivery 46.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9141412117-216-212019
Expenses334443744464
Operating Profit6119983-912-68-615
OPM %69%77%69%71%69%52%76%67%-8,929%80%
Other Income111011111-001
Interest000000100000
Depreciation000000000000
Profit before tax61110984-912-58-616
Tax %26%22%17%29%29%20%-53%40%-66%26%-19%26%
Net Profit5104896-813-14-912
EPS in Rs7.8213.926.2011.2712.418.02-13.8122.56-1.638.07-17.0320.80
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales22.7324.7120.2113.3611.2022.6731.5115.9349.2330.6926.6230.32
Expenses13.1610.3610.1613.0413.757.6511.2015.1213.0717.5418.4318.53
Operating Profit9.5714.3510.050.32-2.5515.0220.310.8136.1613.158.1911.79
OPM %42.10%58.07%49.73%2.40%-22.77%66.25%64.46%5.08%73.45%42.85%30.77%38.89%
Other Income0.480.15-0.210.690.170.080.230.020.390.052.502.13
Interest2.622.681.861.131.221.091.180.250.290.730.320.35
Depreciation0.944.370.710.770.760.730.690.630.780.911.081.07
Profit before tax6.497.457.27-0.89-4.3613.2818.67-0.0535.4811.569.2912.50
Tax %30.66%22.68%21.46%20.22%-3.21%15.06%13.87%3,320.00%21.67%7.01%28.31%
Net Profit4.505.775.71-1.06-4.2211.2716.08-1.6326.7914.576.665.68
EPS in Rs6.418.228.14-1.51-6.0116.0622.91-2.3238.1726.1711.9610.21
Dividend Payout %12.38%9.65%19.51%-52.55%-13.20%4.94%3.46%-34.17%2.08%3.82%8.36%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%3%19%-5%
Compounded Profit Growth4%-9%84%-70%
Stock Price CAGR21%24%28%-3%
Return on Equity8%11%13%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5.575.575.575.575.575.575.575.575.575.575.575.57
Reserves56.9760.7866.5571.5672.6167.7079.3894.9892.55118.72132.82139.00
Borrowings20.6511.8513.3013.4720.2521.7326.4427.712.490.701.664.14
Other Liabilities15.1722.7765.0214.419.1024.169.2411.169.1914.9411.7310.58
Total Liabilities98.36100.97150.44105.01107.53119.16120.63139.42109.80139.93151.78159.29
Fixed Assets23.3522.8718.6217.9618.1717.4316.7416.2116.6316.8417.7419.12
CWIP0.000.000.000.000.000.000.000.210.450.000.000.00
Investments6.0817.6824.1334.6333.6227.9944.2962.3959.5783.56101.5877.55
Other Assets68.9360.42107.6952.4255.7473.7459.6060.6133.1539.5332.4662.62
Total Assets98.36100.97150.44105.01107.53119.16120.63139.42109.80139.93151.78159.29
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-4.2917.43-11.785.44-4.2416.39-9.44-12.6420.785.596.80-23.85
Cash from Investing Activity-2.86-6.897.25-0.594.610.90-15.8021.92-2.83-4.25-5.9221.81
Cash from Financing Activity-2.88-1.39-3.50-2.581.33-0.433.98-0.49-26.01-2.63-0.351.64
Net Cash Flow-10.029.15-8.032.271.6916.87-21.258.79-8.05-1.290.53-0.40
Free Cash Flow-4.4216.97-11.865.39-5.2216.38-9.49-13.0119.515.055.14-26.31
CFO/OP-52%201%-70%67%-678%-643%-58%-61%2,604%24%90%-279%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days115.8499.24704.00113.78103.54129.3816.9128.0364.6169.1735.0835.10
Inventory Days
Days Payable
Cash Conversion Cycle115.8499.24704.00113.78103.54129.3816.9128.0364.6169.1735.0835.10
Working Capital Days124.35-164.271.18-20.77-337.68-477.76-38.32107.26157.6487.19116.3182.68
ROCE %8.01%11.33%12.38%10.85%0.25%-3.25%13.93%16.57%0.17%31.71%9.27%6.90%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.42%56.42%56.42%56.42%57.01%57.01%71.87%71.87%71.87%71.87%71.87%71.87%
FIIs7.35%7.35%7.35%7.35%7.35%7.35%9.26%9.28%9.26%9.26%9.26%9.26%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
Public36.23%36.22%36.22%36.22%35.64%35.64%18.86%18.83%18.87%18.86%18.85%18.86%
No. of Shareholders3,7603,8814,0603,9414,4554,6395,1395,2124,9864,8604,6234,527

Fundamentals

Market Cap₹ 133 Cr.
Current Price₹ 240
Stock P/E22.8
Book Value₹ 260
ROCE6.90 %
ROE4.88 %
Dividend Yield0.42 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-70%
Consolidated figures.
Valuation
Market capRs 135 Cr
Enterprise valueRs 127 Cr
P/E (TTM)23.78x
Price to book0.93x
Price to sales4.46x
EV / EBITDA9.15x
EV / EBIT9.91x
EV / sales4.20x
Earnings yield4.21%
Dividend yield0.41%
P/E, 3-year average7.22x
P/B, 3-year average0.93x
P/E, 5-year average6.06x
P/B, 5-year average0.73x
Profitability
Operating margin (excl. other income)30.77%
Operating margin (incl. other income)40.16%
EBITDA margin45.91%
Pre-tax margin41.23%
Net profit margin18.73%
Net margin, latest quarter59.75%
ROE4.71%
ROCE6.66%
ROA4.28%
ROE, 3-year average13.30%
ROCE, 3-year average15.88%
ROA, 3-year average11.91%
ROE, 5-year average11.12%
ROCE, 5-year average12.88%
ROA, 5-year average9.36%
ROIC (approx.)6.73%
Tax rate28.31%
Other income / net worth1.73%
Growth
Sales growth (latest year)-13.26%
Profit growth (latest year)-54.29%
Sales CAGR, 3 years18.67%
Sales CAGR, 5 years3.26%
Profit CAGR, 5 years-9.99%
Sales growth QoQ27585.71%
Sales growth YoY (latest quarter)23.68%
Profit growth YoY (latest quarter)-7.80%
Per share
EPS (TTM)Rs 10.26
EPS (latest quarter)Rs 20.92
EPS, 3-year averageRs 37.15
EPS, 5-year averageRs 25.06
Book value per shareRs 261.20
Sales per shareRs 54.78
Cash flow per shareRs -43.09
Free cash flow per shareRs -47.54
Dividend per share, 3-year averageRs 1.01
Dividend per share, 5-year averageRs 1.01
Dividends
Dividend payout8.41%
Dividend payout, 3-year average4.78%
Dividend payout, 5-year average4.46%
Efficiency
Asset turnover0.17x
Fixed asset turnover1.39x
Debtor days35 days
Debtors turnover10.40x
Cash conversion cycle35 days
Working capital days83 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 12 Cr
Net debtRs -8 Cr
Debt to equity0.03x
Net debt / EBITDA-0.55x
Interest coverage36.71x
Owners' fund to total sources90.76%
Debt to assets2.60%
Cash flow
Cash from Operating Activity (latest year)Rs -24 Cr
Cash from Investing Activity (latest year)Rs 22 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -26 Cr
FCFE (approx.: FCF + change in debt)Rs -24 Cr
Cash from ops / profit, 5 years-0.05x
Statement figures
Net sales (TTM)Rs 30 Cr
Net sales (latest year)Rs 27 Cr
Sales (latest quarter)Rs 19 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 29 Cr
Share capitalRs 6 Cr
ReservesRs 139 Cr
Shareholders' fundsRs 145 Cr
Total assetsRs 159 Cr
Net blockRs 19 Cr
InvestmentsRs 78 Cr
ReceivablesRs 3 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)0.55
Ownership
Promoter holding71.87% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.9 is at the 97th percentile of its own 6.4-year range (median 5.5, low 2.9, high 25.3).
P/B 0.94 is at the 75th percentile (median 0.55).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKEYFINSERVNifty 50Difference
1 week+5.4%-2.8% +8.1 pts
1 month-3.0%-6.8% +3.8 pts
3 months-11.8%-7.6% -4.2 pts
6 months+7.3%+0.4% +6.8 pts
1 year-1.8%-9.9% +8.1 pts
2 years-6.9%-13.6% +6.7 pts
3 years+118.4%+14.2% +104.2 pts
5 years+199.3%+27.9% +171.4 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -24% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 19% of total assets in 2026
explainDebt up, profit down Borrowings up 149% while net profit fell in 2026
lookAuditor change Auditor change 2026-09-28: Keynote Financial Services Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹19 Cr +18.8% vs Jun 2025. Net profit ₹12 Cr -7.7%.
Against our estimate for Jun 2026: sales -25.8%, profit -6.3% in line. Our estimate for Sep 2026: sales Rs -2 Cr, profit Rs -1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Dividend - Re 1 Per Share
2025-09-19Dividend - Re 1 Per Share
2024-09-19Annual General Meeting/Dividend - Re 1 Per Share
2023-09-22Annual General Meeting/Dividend - Re 1 Per Share
2022-09-21Annual General Meeting/Dividend - Re 1 Per Share
2021-09-21 Annual General Meeting/Dividend - Re 1 Per Share
2020-09-24 Annual General Meeting/Dividend - Re 1 Per Sh
2019-08-05 Annual General Meeting/ Dividend - Re 1 Per Share
2018-08-02 Annual General Meeting/Dividend- Rs 2.50 Per Share
2017-08-16 Annual General Meeting/Dividend - Rs 1/- Per Share
2016-07-21 Annual General Meeting/Dividend Re 1/- Per Share
2015-09-21 Annual General Meeting/ Dividend - Re 1/- Per Share
2014-08-28Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-19Annual General Meeting/Dividend Rs.1.50 Per Share
2012-09-20Annual General Meeting/ Dividend Rs 1.50 Per Share
2011-09-22Annual General Meeting And Dividend Rs.1.50 Per Share
2010-09-23Annual General Meeting And Dividend Rs.1.50 Per Share
2009-08-18Agm/Div-Re.1/- Per Share
2008-09-17Agm/Dividend - 10%
2007-09-21Agm
2006-09-22Agm
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28AppointmentAppointment of Mrs. Rinku Vineet Suchanti as Executive Director of the company w.e.f. July 01, 2026.
2026-09-28Change in AuditorsChange in Auditors of the company.
2026-09-28Shareholder meetingWith copy of minutes of Annual General Meeting held on September 26, 2025
2026-09-04UpdatesDispatch Of Letter To Shareholders, Whose Email Addresses Are Not Registered With The Company Or With Any Depository Participants..
2026-09-04Shareholder meetingNotice of undefined to be held on September 28, 2026
2026-08-17UpdatesNewspaper Publication.
2026-08-13General UpdatesGeneral Updates
2026-08-13Record DateRecord date for the purpose of Dividend is 21-Sep-2026.
2026-08-13Board meeting outcomeKeynote Financial Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-22UpdatesLegible Copies of Financials.
2026-06-19Disclosure under SEBI TakeovRita Suchanti has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-06-01UpdatesNewspaper Publication.
2026-05-29UpdatesRe-appointment of Mrs. Rinku Suchanti as Executive Director of the Company..
2026-05-29Updates.
2026-05-29DividendBoard of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Re. 1 per equity share.
2026-05-29Board meeting outcomeThe Board has approved the Financial Results for the quarter and year ended 31st March 2026
2026-04-10Disclosure under SEBI TakeovConcept Productions Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-04-09Disclosure under SEBI TakeovVivek Suchanti has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-04-07Disclosure under SEBI TakeovRinku Suchanti has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-04-06Disclosure under SEBI TakeovDhanvirdhi Tie Up Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (S...
2026-04-02Disclosure under SEBI TakeovBela Properties Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-04-02Disclosure under SEBI TakeovVineet Suchanti has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-04-02Disclosure under SEBI TakeovNSS Digital Media Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-02-26General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Keynote Financial Services Ltd?

Keynote Financial Services Ltd (KEYFINSERV) has a market capitalisation of Rs 133 Cr. at the 2026-10-01 close.

What is the P/E ratio of Keynote Financial Services Ltd?

Keynote Financial Services Ltd trades at a P/E of 22.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Keynote Financial Services Ltd's latest quarterly results?

In the Jun 2026 quarter, Keynote Financial Services Ltd sales was Rs 19 Cr (+18.8% vs Jun 2025) and net profit was Rs 12 Cr.

What is the 52-week high and low of Keynote Financial Services Ltd?

The 52-week high is Rs 382.10 and the 52-week low is Rs 220.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03