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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
KFin Technologies Limited is engaged in providing service of registrar to the public issue of securities, registrar to the securities transfers, and back-office operations to mutual fund houses and data processing activities. Its business segments include Domestic mutual fund…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
KFin Technologies is scored on the nbfc / financials framework. It keeps a fat 25.6% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 22%/yr and profit at 21%/yr. Book value itself has compounded 24%/yr — the hallmark of a genuine compounder. Return on equity is an elite 21.5%. In the latest quarter profit grew 33% versus the prior quarter.
At 46× earnings, the stock sits at the 35th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.47 | 45.86 | better |
| P/B | 9.76 | 9.85 | better |
| EV/EBITDA | 26.81 | 25.94 | worse |
| ROE | 21.47 | 21.47 | worse |
| ROCE | 20.36 | 20.36 | worse |
| ROA | 12.27 | 12.27 | worse |
| Quick Ratio | 3.3 | 3.3 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BSE | 50.5 | 19.5 | 38.8% |
| Multi Commodity Exchange | 50.0 | 25.6 | 51.2% |
| CDSL | 55.2 | 14.0 | 25.5% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 22% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 35% — no major structural shift.
ROE at 21% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 20% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 12% sequentially — momentum is building.
Profit jumped 33% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 14.1% — widely held; sentiment-driven. Promoters reduced 8.8pp over 4 quarters — watch whether this is planned divestment or pledge invocations. FIIs trimmed 6.1pp — foreign money is rotating out. MF holding up 14.3pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.