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Keynote Financial Services Limited

Keynote Financial Services Limited

227.90
INR
-34.90
(-13.28%)
10.20EPS
24.56P/E
1.39BMarket Cap
Keynote Financial Services Limited
BSE:KEYFINSERV
(Bombay Stock Exchange)

Recent

price

227.90

P/E

ratio

24.56

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
46.03
39.29
51.87
30.04
22.43
31.87
40.62
31.85
24.7
15.95
20.53
31.34
26.27
60.85
40.81
47.59
49.23
Revenue per Share
10.88
7.48
8.78
5.42
3.04
8.09
10.36
10.26
-1.91
-7.59
20.25
28.89
-2.93
48.11
26.17
11.96
10.2
Basic EPS, GAAP
-15.41
-36.53
30.17
-35.98
-7.95
30.38
-21.29
9.69
-9.38
29.42
-17.03
-23.37
35.05
9.08
9.23
-47.26
- -
Free Cash Flow per Basic Share
1.5
1.89
1.89
1.5
1
1
1
1
2.5
1
1
1
1
1
1
1
- -
Dividend per Share
93.97
99.35
106.31
110.51
112.34
119.19
129.55
145.42
140.43
131.62
121.89
144.12
139.8
177.08
248.6
259.7
- -
Book Value per Share
86.62
91.87
99.01
103.35
105.69
112.55
129.36
145.24
140.25
131.44
121.75
143.97
139.65
176.23
247.47
258.79
- -
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Basic Weighted Avg Shares
256
219
289
167
125
177
226
177
137
89
114
174
146
339
227
265
274
Sales/Revenue/Turnover
26.98
10.07
23.35
10.58
20.42
19.85
34.95
39.1
-3.49
-71.52
98.43
90.73
-9.69
97.08
36.17
20.38
39.05
Operating Margin (%)
7
6
10
9
9
9
44
7
8
8
7
7
6
8
9
11
11
Depreciation Expense
61
42
49
30
17
45
58
57
-11
-42
113
161
-16
268
146
67
57
Net Income, GAAP
36.21
32.88
28.51
30.87
33.37
30.63
22.64
21.42
- -
- -
15.11
13.85
- -
21.66
7
28.3
13.71
Effective Tax Rate (%)
23.63
19.05
16.93
18.05
13.55
25.39
25.5
32.22
-7.73
-47.57
98.64
92.18
-11.15
79.08
64.14
25.14
20.72
Profit Margin (%)
257
26
299
236
336
372
296
720
519
486
619
776
724
1,017
1,038
1,135
- -
Working Capital
1
5
3
4
2
2
1
160
5
3
2
1
- -
- -
- -
35
- -
LT Debt
523
553
592
615
625
664
721
810
782
733
855
1,011
981
1,243
1,384
1,446
- -
Total Equity
10.57
5.3
5.59
3.52
2.2
5.6
7.49
5.23
- -
- -
9.13
11.45
- -
22.7
5.64
2.5
- -
Return on Invested Capital (%)
12.03
6.9
5.78
5.59
5.15
7.78
9.59
7.33
- -
- -
11.82
14.26
- -
23.88
11.24
4.67
- -
Return on Capital (%)
12
7.74
8.54
5
2.73
6.99
8.33
7.46
-1.34
-5.58
14.2
17.23
-1.64
24.09
11.09
4.71
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6
- -
LT Borrowings
- -
35
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
1,828
1,249
1,395

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,198
- -
Cash, Cash Equivalents & STI
- -
794
- -
Accounts Receivable, Net
- -
26
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
63
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.57%
11.54%
4.46%
Free Cash Flow
-198.11%
-179.41%
-611.86%
Net Income, GAAP
-207.19%
-382.11%
-54.3%
Sales/Revenue/Turnover
12.85%
30.35%
16.61%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
56
52
50
57
227
2026
64
29
76
55
265
2027
115
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
14.22
15.65
10.12
-13.81
26.17
2026
22.57
-1.64
8.07
-17.03
11.96
2027
20.81
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -
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Business
Keynote Financial Services Limited is an India-based full-service investment bank and brokerage company offering integrated financial advice and services. The company provides investment banking services including capital markets such as initial public offerings, rights issues, follow-on offers, qualified institutional placements, and preferential placements with valuation reports, due diligence, market making, and underwriting; corporate finance encompassing project finance, syndication, asset-based bank loans, structured finance, restructuring advice, venture capital/private equity, valuations, and financial modeling; merger and acquisition advisory covering acquisitions, mergers, sales and divestitures, joint ventures, alliances, India access strategy, acquisition finance, FCCBs, ADRs, GDRs, and international exchange listings; alternative investment funds with end-to-end lifecycle services; debt advisory; employee stock ownership plans; China-India strategy; broking and related activities such as equity trading, currency trading, commodity trading, futures and options, depository services, and investment advisory with equity research, sector coverage, portfolio allocation, and regulatory assistance; and trading in securities along with investment activities. Keynote Financial Services operates primarily in India with international reach through cross-border services and targets mid-market business groups, corporates, alternative investment funds, high-net-worth individuals, retail investors, and domestic/global institutions. Incorporated in 1993 and headquartered at The Ruby, 9th Floor, Senapati Bapat Marg, Dadar West, Mumbai, the company changed its name from Keynote Corporate Services Limited in April 2019 and maintains subsidiaries including Keynote Capitals Limited and Keynote Fincorp Limited, an RBI-registered non-banking finance company offering loans against shares, property, SME working capital, and special situations funding. Recent developments include a strategic co-operation arrangement with BDO China Consulting Ltd for cross-border India-China transactions and declaration of a dividend for financial year 2024-2025.