KEYFINSERV

Keynote Financial Services Limited

Keynote Financial Services Limited (KEYFINSERV) financial statements and selected valuation metrics through 30 June 2026.

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

keynoteindia.net(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹229.28
Market cap
128 Cr
Stock P/E
22.5
P/B
0.88
Dividend yield
0.4%
ROE (FY26)
4.6%
ROCE (FY26)
6.4%
Operating margin (FY26)
26.7%
Debt / equity (FY26)
0.03

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

A Mumbai financial services group that earns fees from advisory services and also from broking, trading in securities and its own investments.

Company snapshot

25thBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 53.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Advisory Services
53.0%
4 Cr2 Cr10 Cr
Broking & related activities
18.1%
1 Cr1 Cr36 Cr
Investment activities
3.6%
0.24 Cr0.19 Cr16 Cr
Trading in securities
25.1%
2 Cr1 Cr0 Cr
unallocable
10.6%
0.71 Cr-0.62 Cr102 Cr

Shares add up to 110% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 25.0% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income0.13 Cr0.18 Cr0.17 Cr0.15 Cr0.10 Cr0.15 Cr-0.28 Cr0.07 Cr0.14 Cr0.08 Cr0.84 Cr0.14 Cr
Other income0.58 Cr0.61 Cr0.71 Cr0.42 Cr0.63 Cr0.51 Cr0.87 Cr0.93 Cr1 Cr0.65 Cr-0.02 Cr0.56 Cr
Net operating income0.71 Cr0.79 Cr0.89 Cr0.57 Cr0.73 Cr0.66 Cr0.59 Cr0.99 Cr1 Cr0.72 Cr0.82 Cr0.70 Cr
Employee cost1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr4 Cr2 Cr
Other expenses1 Cr2 Cr2 Cr2 Cr2 Cr1 Cr4 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Provisions & contingencies————————————
Depreciation0.26 Cr0.17 Cr0.19 Cr0.20 Cr0.22 Cr0.21 Cr0.28 Cr0.26 Cr0.26 Cr0.29 Cr0.26 Cr0.26 Cr
Profit before tax6 Cr12 Cr6 Cr10 Cr11 Cr6 Cr-13 Cr18 Cr-4 Cr7 Cr-11 Cr16 Cr
Tax %25.6%20.3%27.5%24.3%21.3%11.8%38.6%28.5%77.7%30.9%11.2%26.1%
Net profit5 Cr10 Cr4 Cr8 Cr9 Cr6 Cr-8 Cr13 Cr-0.91 Cr4 Cr-9 Cr12 Cr
EPS (₹)₹8.10₹15.58₹14.73₹14.22₹15.65₹10.12₹-13.83₹22.57₹-1.64₹8.07₹-17.03₹20.81

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———2 Cr0.18 Cr0.80 Cr0.21 Cr0.75 Cr0.13 Cr1 CrSign in free for the trailing twelve months
Other income13 Cr5 Cr4 Cr0.17 Cr3 Cr3 Cr2 Cr2 Cr2 Cr3 CrSign in free for the trailing twelve months
Net operating income13 Cr5 Cr4 Cr2 Cr3 Cr4 Cr2 Cr3 Cr3 Cr4 CrSign in free for the trailing twelve months
Employee cost4 Cr5 Cr4 Cr5 Cr4 Cr5 Cr5 Cr6 Cr9 Cr10 CrSign in free for the trailing twelve months
Other expenses6 Cr5 Cr6 Cr4 Cr3 Cr6 Cr5 Cr6 Cr8 Cr7 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation4 Cr0.71 Cr0.76 Cr0.76 Cr0.73 Cr0.69 Cr0.63 Cr0.78 Cr0.91 Cr1 CrSign in free for the trailing twelve months
Profit before tax7 Cr7 Cr3 Cr-4 Cr13 Cr19 Cr0.03 Cr34 Cr15 Cr9 CrSign in free for the trailing twelve months
Tax %22.6%21.4%18.9%3.1%15.1%13.9%5760.1%22.3%5.3%28.3%Sign in free for the trailing twelve months
Net profit6 Cr6 Cr3 Cr-4 Cr11 Cr16 Cr-2 Cr27 Cr15 Cr7 CrSign in free for the trailing twelve months
EPS (₹)₹10.36₹10.26₹4.94₹-7.59₹20.25₹28.89₹-3.07₹49.94₹26.17₹11.96Sign in free for the trailing twelve months
Dividend payout %————4.9%0.0%—2.1%3.8%8.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr
Reserves67 Cr72 Cr73 Cr69 Cr79 Cr95 Cr93 Cr119 Cr133 Cr139 Cr
Borrowings13 Cr13 Cr—22 Cr26 Cr27 Cr2 Cr0.69 Cr2 Cr5 Cr
Other liabilities65 Cr14 Cr30 Cr24 Cr9 Cr11 Cr9 Cr15 Cr12 Cr10 Cr
Total liabilities150 Cr105 Cr108 Cr120 Cr121 Cr139 Cr110 Cr140 Cr152 Cr159 Cr
Fixed assets (net)18 Cr18 Cr18 Cr17 Cr17 Cr16 Cr16 Cr16 Cr17 Cr19 Cr
CWIP—————0 Cr0.45 Cr0.03 Cr0 Cr0 Cr
Investments24 Cr35 Cr34 Cr29 Cr44 Cr62 Cr60 Cr84 Cr102 Cr78 Cr
Loans & advances———22 Cr20 Cr22 Cr7 Cr7 Cr2 Cr38 Cr
Inventories—2 Cr0.25 Cr0.09 Cr0.21 Cr0.15 Cr0.20 Cr0 Cr0 Cr0 Cr
Trade receivables48 Cr6 Cr4 Cr4 Cr1 Cr2 Cr3 Cr9 Cr3 Cr3 Cr
Cash & bank22 Cr19 Cr0.07 Cr24 Cr2 Cr11 Cr3 Cr2 Cr2 Cr2 Cr
Other assets38 Cr25 Cr53 Cr24 Cr36 Cr26 Cr20 Cr22 Cr26 Cr21 Cr
Total assets150 Cr105 Cr108 Cr120 Cr121 Cr139 Cr110 Cr140 Cr152 Cr159 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-12 Cr6 Cr2 Cr—-22 Cr-13 Cr21 Cr6 Cr7 Cr-24 Cr
Cash from investing7 Cr-0.77 Cr17 Cr—-3 Cr22 Cr-3 Cr-4 Cr-6 Cr22 Cr
Cash from financing-4 Cr-3 Cr-2 Cr—4 Cr-0.49 Cr-26 Cr-3 Cr-0.35 Cr2 Cr
Net cash flow-8 Cr2 Cr16 Cr—-21 Cr9 Cr-8 Cr-1 Cr0.53 Cr-0.40 Cr
Free cash flow (OCF − Capex)-12 Cr6 Cr0.57 Cr—-22 Cr-13 Cr20 Cr5 Cr5 Cr-26 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.9%10.1%5.8%-3.3%12.9%15.5%0.3%27.8%11.5%6.4%
ROE %8.0%7.4%3.5%-5.7%13.2%15.9%-1.7%21.6%10.5%4.6%
Debtor days1466151125130182073723835
Inventory days—4783425000
Days payable1682155————————
Cash conversion cycle-21643134133222178723835
Debt / equity0.180.170.000.290.300.270.030.00550.010.03
Current ratio1.392.502.40———————
Net debt / EBITDA-6.25—-0.08—1.880.90—-0.03-0.070.35