Keynote Financial Services Share Price & Earnings Call Analysis
- Market cap
- ₹113 Cr
- P/E
- 19.45
- ROE
- 4.87%
- PEG
- 0.23
- Price to sales
- 3.74
- Debt to equity
- 0.03
- 52W high / low
- ₹360 / ₹197
- Sales growth (5Y)
- 5.34%
- EBITDA margin
- 38.89%
- Net profit margin
- 23.43%
- Promoter holding
- 71.87%
- Sales (last year)
- ₹30 Cr
Potential multibaggers · Q2 FY27
Potential multibaggers in Capital Markets
on management's own guidance
- Nippon Life India Asset Management LtdGood growth2
- BSEGood growth1
- Motilal Oswal Financial Services LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Capital Markets companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | BSE | 20–40% | Flat | ₹1.43L Cr | 50.6 |
| 2 | Nippon Life India Asset Management Ltd | 20–40% | Flat | ₹57,947 Cr | 35.4 |
| 3 | Motilal Oswal Financial Services Ltd | 20–40% | Flat | ₹56,798 Cr | 28.7 |
| 4 | 20–40% | Flat | ₹37,393 Cr | 82.4 | |
| 5 | 20–40% | Flat | ₹32,034 Cr | 29.6 | |
| 6 | 20–40% | Flat | ₹14,710 Cr | 41.2 |
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Pro shows every company guiding 40%+ revenue growth →Full Capital Markets rankingFinancials of Keynote Financial Services
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Keynote Financial Services
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5.55 | 5.40 | 11.05 | 8.52 | 13.95 | 13.56 | 12.22 | 11.28 | 6.65 | -1.80 | 15.67 | -1.59 | 12.46 |
| Expenses + | 2.56 | 7.34 | 2.83 | 2.64 | 3.19 | 4.15 | 3.58 | 3.55 | 3.18 | 7.28 | 3.82 | 4.20 | 4.08 |
| Operating Profit | 2.99 | -1.94 | 8.22 | 5.88 | 10.76 | 9.41 | 8.64 | 7.73 | 3.47 | -9.08 | 11.85 | -5.79 | 8.38 |
| OPM % | 53.87% | -35.93% | 74.39% | 69.01% | 77.13% | 69.40% | 70.70% | 68.53% | 52.18% | 75.62% | 67.26% | ||
| Other Income + | 0.47 | 0.43 | 0.39 | 0.58 | 0.61 | 0.71 | 0.42 | 0.63 | 0.51 | 0.87 | 0.93 | 1.29 | -0.14 |
| Interest | 0.10 | 0.08 | 0.04 | 0.14 | 0.03 | 0.08 | 0.02 | 0.05 | 0.09 | 0.56 | 0.04 | 0.05 | 0.16 |
| Depreciation | 0.12 | 0.14 | 0.16 | 0.26 | 0.17 | 0.19 | 0.20 | 0.22 | 0.21 | 0.28 | 0.26 | 0.26 | 0.29 |
| Profit before tax | 3.24 | -1.73 | 8.41 | 6.06 | 11.17 | 9.85 | 8.84 | 8.09 | 3.68 | -9.05 | 12.48 | -4.81 | 7.79 |
| Tax % | 23.77% | 81.50% | 23.66% | 25.58% | 22.38% | 16.75% | 28.73% | 29.05% | 20.38% | -53.37% | 40.06% | -66.32% | 25.80% |
| Net Profit + | 2.81 | -3.51 | 7.17 | 5.49 | 9.77 | 4.35 | 7.91 | 8.71 | 5.63 | -7.69 | 12.56 | -0.91 | 4.49 |
| EPS in Rs | 4.00 | -5.00 | 10.22 | 7.82 | 13.92 | 6.20 | 11.27 | 12.41 | 8.02 | -13.81 | 22.56 | -1.63 | 8.07 |
Financials of Keynote Financial Services
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 20.23 | 15.88 | 22.73 | 24.71 | 20.21 | 13.36 | 11.20 | 22.67 | 31.51 | 15.93 | 49.23 | 30.69 | 24.74 |
| Expenses + | 13.99 | 9.25 | 13.16 | 10.36 | 10.16 | 13.04 | 13.75 | 7.65 | 11.20 | 15.12 | 13.07 | 17.54 | 19.38 |
| Operating Profit | 6.24 | 6.63 | 9.57 | 14.35 | 10.05 | 0.32 | -2.55 | 15.02 | 20.31 | 0.81 | 36.16 | 13.15 | 5.36 |
| OPM % | 30.85% | 41.75% | 42.10% | 58.07% | 49.73% | 2.40% | -22.77% | 66.25% | 64.46% | 5.08% | 73.45% | 42.85% | 21.67% |
| Other Income + | 1.33 | 0.18 | 0.48 | 0.15 | -0.21 | 0.69 | 0.17 | 0.08 | 0.23 | 0.02 | 0.39 | 0.05 | 2.95 |
| Interest | 2.26 | 3.52 | 2.62 | 2.68 | 1.86 | 1.13 | 1.22 | 1.09 | 1.18 | 0.25 | 0.29 | 0.73 | 0.81 |
| Depreciation | 0.95 | 0.75 | 0.94 | 4.37 | 0.71 | 0.77 | 0.76 | 0.73 | 0.69 | 0.63 | 0.78 | 0.91 | 1.09 |
| Profit before tax | 4.36 | 2.54 | 6.49 | 7.45 | 7.27 | -0.89 | -4.36 | 13.28 | 18.67 | -0.05 | 35.48 | 11.56 | 6.41 |
| Tax % | 30.96% | 33.46% | 30.66% | 22.68% | 21.46% | 20.22% | -3.21% | 15.06% | 13.87% | 3,320.00% | 21.67% | 7.01% | |
| Net Profit + | 3.02 | 1.69 | 4.50 | 5.77 | 5.71 | -1.06 | -4.22 | 11.27 | 16.08 | -1.63 | 26.79 | 14.57 | 8.45 |
| EPS in Rs | 4.30 | 2.41 | 6.41 | 8.22 | 8.14 | -1.51 | -6.01 | 16.06 | 22.91 | -2.32 | 38.17 | 26.17 | 15.19 |
| Dividend Payout % | 18.44% | 32.96% | 12.38% | 9.65% | 19.51% | -52.55% | -13.20% | 4.94% | 3.46% | -34.17% | 2.08% | 3.82% |
Financials of Keynote Financial Services
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 | 5.57 |
| Reserves | 55.95 | 56.97 | 60.78 | 66.55 | 71.56 | 72.61 | 67.70 | 79.38 | 94.98 | 92.55 | 118.72 | 132.82 | 143.93 |
| Borrowings + | 9.85 | 20.65 | 11.85 | 13.30 | 13.47 | 20.25 | 21.73 | 26.44 | 27.71 | 2.49 | 0.70 | 1.66 | 1.44 |
| Other Liabilities + | 50.27 | 15.17 | 22.77 | 65.02 | 14.41 | 9.10 | 24.16 | 9.24 | 11.16 | 9.19 | 14.94 | 11.73 | 9.97 |
| Total Liabilities | 121.64 | 98.36 | 100.97 | 150.44 | 105.01 | 107.53 | 119.16 | 120.63 | 139.42 | 109.80 | 139.93 | 151.78 | 160.91 |
| Fixed Assets + | 24.32 | 23.35 | 22.87 | 18.62 | 17.96 | 18.17 | 17.43 | 16.74 | 16.21 | 16.63 | 16.84 | 17.74 | 17.43 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.21 | 0.45 | 0.00 | 0.00 | 0.00 |
| Investments | 0.92 | 6.08 | 17.68 | 24.13 | 34.63 | 33.62 | 27.99 | 44.29 | 62.39 | 59.57 | 83.56 | 101.58 | 97.30 |
| Other Assets + | 96.40 | 68.93 | 60.42 | 107.69 | 52.42 | 55.74 | 73.74 | 59.60 | 60.61 | 33.15 | 39.53 | 32.46 | 46.18 |
| Total Assets | 121.64 | 98.36 | 100.97 | 150.44 | 105.01 | 107.53 | 119.16 | 120.63 | 139.42 | 109.80 | 139.93 | 151.78 | 160.91 |
Financials of Keynote Financial Services
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -10.19 | -4.29 | 17.43 | -11.78 | 5.44 | -4.24 | 16.39 | -9.44 | -12.64 | 20.78 | 5.59 | 6.80 |
| Cash from Investing Activity + | 7.71 | -2.86 | -6.89 | 7.25 | -0.59 | 4.61 | 0.90 | -15.80 | 21.92 | -2.83 | -4.25 | -5.92 |
| Cash from Financing Activity + | -2.00 | -2.88 | -1.39 | -3.50 | -2.58 | 1.33 | -0.43 | 3.98 | -0.49 | -26.01 | -2.63 | -0.35 |
| Net Cash Flow | -4.48 | -10.02 | 9.15 | -8.03 | 2.27 | 1.69 | 16.87 | -21.25 | 8.79 | -8.05 | -1.29 | 0.53 |
| Free Cash Flow | -8.76 | -4.42 | 16.97 | -11.86 | 5.39 | -5.22 | 16.38 | -9.49 | -13.01 | 19.51 | 5.05 | 5.14 |
| CFO/OP | -130% | -52% | 201% | -70% | 67% | -678% | -643% | -58% | -61% | 2,604% | 24% | 90% |
Financials of Keynote Financial Services
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 141.99 | 115.84 | 99.24 | 704.00 | 113.78 | 103.54 | 129.38 | 16.91 | 28.03 | 64.61 | 69.17 | 35.08 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 141.99 | 115.84 | 99.24 | 704.00 | 113.78 | 103.54 | 129.38 | 16.91 | 28.03 | 64.61 | 69.17 | 35.08 |
| Working Capital Days | -167.80 | 124.35 | -164.27 | 1.18 | -20.77 | -337.68 | -477.76 | -38.32 | 107.26 | 157.64 | 87.19 | 116.31 |
| ROCE % | 6.69% | 8.01% | 11.33% | 12.38% | 10.85% | 0.25% | -3.25% | 13.93% | 16.57% | 0.17% | 31.71% | 9.27% |
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