KFIN TECHNOLOGIES LIMITED (KFINTECH): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹914.5 latest close · +3.9% over the last 90 sessions

₹914.5 month-end · −13.4% over 12 months

₹914.5 month-end · +72.8% over 3 years

₹914.5 month-end · +165.5% since Dec '22

52-week range ₹784.00 to ₹1126.40 · 1-year volatility 34.3%

Was the rally earned?

1 year3 years

-13%share price, 1 yearMultiple-driven

Mostly the multiple.

Most of the fall came from investors paying a lower multiple (P/E 53.1x to 46.2x); per-share earnings took off 0 points.
The share count barely moved.

Net profit growth0 ptsNet profit was little changed.

P/E change-13 ptsThe P/E fell from 53.1x to 46.2x, which lowers the price.

Share count change-1 ptsShare count was little changed. More shares would count against the price.

+73%share price, 3 yearsEarnings-driven

Mostly yes.

Per-share earnings added 72 points to the rise, while the multiple moved less (P/E 45.7x to 46.2x).
The share count rose 2%.

Net profit growth+74 ptsNet profit rose about 75%, which lifts the price.

P/E change+1 ptsThe P/E rose from 45.7x to 46.2x, which lifts the price.

Share count change-3 ptsShare count rose 2%, which lowers the price.

What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with ONE 97 COMMUNICATIONS PAYTM

How rough has the ride been?

Maximum drawdown-49.8%not yet recovered

1-year volatility34.3%annualised

Beta vs sector index0.653-year daily, correlation 0.28

Volume spikes2last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-49.8% (2024-12 peak to 2026-10 low, not yet recovered)

-25.0% (2022-12 peak to 2023-03 low, recovered 2023-06)

-22.3% (2024-02 peak to 2024-03 low, recovered 2024-04)

Most recent volume spikes

2026-10-27: 6.5x the 50-day median, price +4.9% that day

2026-07-27: 9.9x the 50-day median, price +10.7% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

46.2xP/E todayWithin its usual range

Against its own history42nd percentile

CheapestMedian 49.3xDearest

Usual range 35.9x to 64.5x since 2022-12.

Against Technology Services46.2x vs 21.1x

This company

46.2x

Sector median

21.1x

119% above the Technology Services median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianTechnology Services median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Technology Services is valued

Where does it rank among Technology Services peers?

Each cell is the company's percentile rank among its Technology Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE81st▼ 5 pts vs a year ago
Op. margin95thflat vs a year ago
Revenue growth69th▼ 5 pts vs a year ago
EPS growth30th▼ 39 pts vs a year ago
Debt/equity ↓68thflat vs a year ago
Cash cycle ↓53rd▼ 5 pts vs a year ago
P/E ↓21stflat vs a year ago
12M momentum61st▼ 9 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Technology Services sector page Watch it move against Technology Services in the Observatory

What is the price implying?

~27%annual earnings growth implied by the price

At a P/E of 62.1x, the price would imply about 27.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Technology Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹914.50
P/E: 46.2x
ROCE: 29.0%
Market Cap: ₹15808 cr
Revenue (TTM): ₹1384 cr
P/S: 11.4x
P/B: 9.4x
ROE: 20.4%
Operating Margin: 34.0%
Debt / Equity: 0.0x
Promoter Holding: 22.8%
12M Momentum: -13.4%

52-week range

₹784.00₹1126.40

38% of the way from its 52-week low to its high

Price risk

1Y volatility

34.3%

Beta vs sector

1-year daily

0.64

Balance sheet & cash

Interest cover

operating profit ÷ interest

100.0x

Cash from profit, 3Y

operating cash flow ÷ net profit

1.15x

Share count, 1Y

+0.6%

Are profits backed by cash?

6 of 6checks within rangeAll clear

Other income reliance6%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.15xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.15x (cash from operations ₹1,058 cr, net profit ₹923 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+12 daysWithin range

Debtor days are above the median of the previous three fiscal years by 12 days (76 vs 64). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress4% of fixed assetsWithin range

Capital work-in-progress is 4% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, promoters trimmed 26.3 pts; FIIs added 11.5 pts; DIIs added 5.3 pts.
The number of shareholders rose from 66,799 to 2.7 lakh (+299%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters49.1%22.8%-26.3 pts

FIIs9.2%20.7%+11.5 pts

DIIs22.1%27.3%+5.3 pts

Public and others19.6%29.1%+9.5 pts

Number of shareholders

2.7 lakhshareholders+299% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−12.4%typical 12-month return vs the marketBelow the base rate

We found 50 past situations where a non-financial company looked like KFIN TECHNOLOGIES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −25% to +13% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat below that base rate (gap −8.5%, 80% range −15.1% to −0.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median

−12.4%

All companies' median

−3.9%

Beat the market

38% vs 46%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
NAVINFLUOR Process Industries	Sep 2021	71x	22%	+67%	−11%	+22%
HINDCOPPER Non-Energy Minerals	Jun 2025	58x	24%	−12%	−20%	+79%
CRISIL Commercial Services	Feb 2025	48x	41%	−13%	−34%	−16%
CLEAN Process Industries	Aug 2025	47x	27%	−21%	−28%	−35%
VINATIORGA Process Industries	Feb 2023	56x	27%	+2%	−20%	−41%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
THYROCARE Health Services	Aug 2021	61x	36%	+73%	−10%	−56%
JBCHEPHARM Health Technology	May 2021	41x	23%	+112%	−2%	+4%
GRINDWELL Process Industries	Dec 2023	71x	28%	+31%	−5%	−30%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and debt/equity. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to KFIN TECHNOLOGIES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CENTRAL DEPOSITORY SER INDCDSL

Finance

84%similar

EPS growthpromoter holding

NEULAND LABORATORIESNEULANDLAB

Health Technology

71%similar

operating marginrevenue growth

S.J.S. ENTERPRISESSJS

Producer Manufacturing

71%similar

ROCEpromoter holding

PRUDENT CORPORATE ADVISORYPRUDENT

Finance

67%similar

revenuedebt/equity

ANAND RATHI WEALTHANANDRATHI

Finance

66%similar

operating marginrevenue growth

COMPUTER AGE MANAGEMENT SERVCAMS

Technology Services

81%similar

EPS growthmarket cap

AFFLE 3IAFFLE

Technology Services

58%similar

revenue growthP/E

ZEN TECHNOLOGIESZENTEC

Technology Services

55%similar

market capoperating margin

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Jun '23

2026
OctPriceFell 50% from the Dec 2024 peak to the Oct 2026 low.
OctPriceVolume reached 6.5x its 50-day median on 2026-10-27; price +4.9% that day.
SepResultsYear-on-year EPS growth turned negative.
SepInstitutionsFII + DII holding fell 3.4 pts over 1 quarter to 48.0%.
JulPriceVolume reached 9.9x its 50-day median on 2026-07-27; price +10.7% that day.
JunPeer rankSlipped to the 3rd quartile of Technology Services on EPS growth (from the 2nd quartile).
AprPriceVolume reached 7.7x its 50-day median on 2026-04-30; price -8.3% that day.
2025
OctPriceVolume reached 7.2x its 50-day median on 2025-10-13; price +6.6% that day.

Show 22 earlier events

2025
SepPromoterPromoter holding fell 10.0 pts to 22.9% (largest drop since 2024-03).
SepInstitutionsFII + DII holding rose 8.6 pts over 1 quarter to 51.5%.
JunValuationP/E crossed above the 90th percentile of its own history to date (69.6x).
MayPriceVolume reached 20.9x its 50-day median on 2025-05-13; price -6.3% that day.
JanPriceVolume reached 6.0x its 50-day median on 2025-01-24; price +5.5% that day.
2024
DecInstitutionsFII + DII holding rose 7.5 pts over 2 quarters to 45.2%.
DecValuationP/E crossed above the 90th percentile of its own history to date (88.0x).
OctPriceVolume reached 12.2x its 50-day median on 2024-10-01; price +11.4% that day.
SepPromoterPromoter holding fell 5.9 pts to 33.1% (largest drop since 2024-03).
AugPriceVolume reached 27.1x its 50-day median on 2024-08-09; price +18.3% that day.
JunResultsRevenue (TTM) reached a new high of ₹838 cr.
JunPeer rankMoved into the top quartile of Technology Services on ROCE (from the 2nd quartile).
JunDividendStarted paying a dividend (payout 40% of profit).
MayPriceVolume reached 40.7x its 50-day median on 2024-05-30; price -8.8% that day.
MarPromoterPromoter holding fell 10.1 pts to 39.0%.
MarInstitutionsFII + DII holding rose 5.5 pts over 1 quarter to 36.8%.
FebPeer rankSlipped to the 2nd quartile of Technology Services on ROCE (from the top quartile).
JanPriceVolume reached 6.1x its 50-day median on 2024-01-30; price +7.2% that day.
2023
DecPriceVolume reached 162.2x its 50-day median on 2023-12-15; price -3.2% that day.
AugPriceVolume reached 38.9x its 50-day median on 2023-08-25; price +11.3% that day.
JunPriceRegained the 2022-12 peak, 3 months after the low.
JunPriceVolume reached 9.7x its 50-day median on 2023-06-30; price +7.0% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history48 months · 2022-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	46.2x	₹1384 cr	20.4%	29.0%	0.0x
2026-10	43.0x	₹1384 cr	20.4%	29.0%	0.0x
2026-09	42.4x	₹1384 cr	20.4%	29.0%	0.0x
2026-08	48.6x	₹1301 cr	20.5%	29.0%	0.0x
2026-07	47.0x	₹1301 cr	20.5%	29.0%	0.0x
2026-06	44.1x	₹1301 cr	20.5%	29.0%	0.0x
2026-05	42.5x	₹1237 cr	24.6%	33.0%	0.0x
2026-04	44.4x	₹1237 cr	24.6%	33.0%	0.0x
2026-03	43.4x	₹1237 cr	24.6%	33.0%	0.0x
2026-02	47.6x	₹1156 cr	24.5%	33.0%	0.0x
2026-01	50.4x	₹1156 cr	24.5%	33.0%	0.0x
2025-12	53.8x	₹1156 cr	24.5%	33.0%	0.0x
2025-11	53.1x	₹1127 cr	24.2%	33.0%	0.0x
2025-10	55.2x	₹1127 cr	24.2%	33.0%	0.0x
2025-09	52.9x	₹1127 cr	24.2%	33.0%	0.0x
2025-08	52.7x	₹1091 cr	23.6%	33.0%	0.0x
2025-07	55.9x	₹1091 cr	23.6%	33.0%	0.0x
2025-06	69.6x	₹1091 cr	23.6%	33.0%	0.0x
2025-05	57.4x	₹1036 cr	28.1%	30.0%	0.0x
2025-04	63.7x	₹1036 cr	28.1%	30.0%	0.0x
2025-03	54.8x	₹1036 cr	28.1%	30.0%	0.0x
2025-02	49.9x	₹965 cr	26.1%	30.0%	0.0x
2025-01	62.4x	₹965 cr	26.1%	30.0%	0.0x
2024-12	88.0x	₹965 cr	26.1%	30.0%	0.0x
2024-11	73.4x	₹894 cr	23.7%	30.0%	0.0x
2024-10	63.1x	₹894 cr	23.7%	30.0%	0.0x
2024-09	64.4x	₹894 cr	23.7%	30.0%	0.0x
2024-08	72.2x	₹838 cr	21.6%	30.0%	0.0x
2024-07	60.8x	₹838 cr	21.6%	30.0%	0.0x
2024-06	48.7x	₹838 cr	21.6%	30.0%	0.0x
2024-05	60.2x	₹720 cr	22.5%	29.0%	0.2x
2024-04	64.8x	₹720 cr	22.5%	29.0%	0.2x
2024-03	53.0x	₹720 cr	22.5%	29.0%	0.2x
2024-02	59.3x	₹720 cr	22.5%	29.0%	0.2x
2024-01	53.6x	₹720 cr	22.5%	29.0%	0.2x
2023-12	41.7x	₹720 cr	22.5%	29.0%	0.2x
2023-11	45.7x	₹720 cr	22.5%	29.0%	0.2x
2023-10	39.0x	₹720 cr	22.5%	29.0%	0.2x
2023-09	40.6x	₹720 cr	22.5%	29.0%	0.2x
2023-08	38.7x	₹720 cr	22.5%	29.0%	0.2x
2023-07	33.3x	₹720 cr	22.5%	29.0%	0.2x
2023-06	32.0x	₹720 cr	22.5%	29.0%	0.2x
2023-05	37.9x	₹640 cr	23.1%	34.0%	0.2x
2023-04	35.4x	₹640 cr	23.1%	34.0%	0.2x
2023-03	31.6x	₹640 cr	23.1%	34.0%	0.2x
2023-02	33.2x	₹640 cr	23.1%	34.0%	0.2x
2023-01	36.0x	₹640 cr	23.1%	34.0%	0.2x
2022-12	38.8x	₹640 cr	23.1%	34.0%	0.2x

Methodology and data notes