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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Keynote Financial Services Ltd

About the Company - Keynote Financial Services Ltd

Keynote Financial Services Ltd. is a Public Limited Listed company incorporated on 16/06/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67120MH1993PLC072407 and registration number is 072407. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 7.31 Cr. and Equity Capital is Rs. 7.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsThe Ruby, 9th Floor, Senapati Bapat Marg, Mumbai Maharashtra 400028investors@keynoteindia.net
http://www.keynoteindia.net
Management
NamePosition Held
Mr. Vineet SuchantiDirector
Mr. Uday S PatilDirector & CFO
Mr. Manish DesaiDirector
Mr. Anish MalhotraDirector
Mrs. Rinku SuchantiDirector
Mr. Shishir DalalDirector

Keynote Financial Services Ltd. Share Price Update

Share PriceValue
Today₹173.40
Previous Day₹149.60

Basic Stock Data of Keynote Financial Services Ltd

Market Cap 122 Cr.
Current Price 173
High / Low215/77.7
Stock P/E6.41
Book Value 157
Dividend Yield0.58 %
ROCE0.17 %
ROE1.64 %
Face Value 10.0

Data Source: screener.in

Keynote Financial Services Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6.822.915.717.549.425.056.74-2.115.235.555.4011.058.52
Expenses1.952.092.172.212.222.504.252.782.432.567.342.832.64
Operating Profit4.870.823.545.337.202.552.49-4.892.802.99-1.948.225.88
OPM %71.41%28.18%62.00%70.69%76.43%50.50%36.94%53.54%53.87%-35.93%74.39%69.01%
Other Income0.570.730.670.660.540.531.250.550.420.470.430.390.58
Interest0.010.011.020.250.370.230.340.070.010.100.080.040.14
Depreciation0.190.180.190.170.180.180.170.150.220.120.140.160.26
Profit before tax5.241.363.005.577.192.673.23-4.562.993.24-1.738.416.06
Tax %39.69%19.85%-26.33%-0.72%24.90%10.11%17.65%28.73%26.09%23.77%-81.50%23.66%25.58%
Net Profit3.171.083.795.615.402.412.66-3.252.322.81-3.517.175.49
EPS in Rs4.521.545.407.997.693.433.79-4.633.314.00-5.0010.227.82

Keynote Financial Services Ltd Quarterly Chart

Keynote Financial Services Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales25332016232520131123321639
Expenses192114913101013148111516
Operating Profit712671014100-31520123
OPM %26%37%31%42%42%58%50%2%-23%66%64%5%59%
Other Income101000-0100002
Interest1524332111100
Depreciation1111141111111
Profit before tax6743677-1-41319-024
Tax %33%29%31%33%31%23%21%-20%3%15%14%-3,320%
Net Profit4532466-1-41116-219
EPS in Rs5.946.974.302.416.418.228.14-1.51-6.0116.0622.91-2.3226.96
Dividend Payout %20%17%18%33%12%10%20%-53%-13%5%3%-34%

Keynote Financial Services Ltd Profit & Loss Yearly Chart

Keynote Financial Services Ltd Growth

Compounded Sales Growth
10 Years:-7%
5 Years:-5%
3 Years:12%
TTM:105%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:17%
TTM:189%
Stock Price CAGR
10 Years:17%
5 Years:30%
3 Years:30%
1 Year:45%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:9%
Last Year:-2%

Keynote Financial Services Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves505456576167727368799593105
Preference Capital000000000110
Borrowings213410211213132022262726
Other Liabilities194650152365149241012910
Total Liabilities9613912298101150105108119121139110127
Fixed Assets6262423231918181717161717
CWIP21000000000000
Investments6116182435342844626074
Other Assets6211396696010852567460613337
Total Assets9613912298101150105108119121139110127

Keynote Financial Services Ltd Reserves and Borrowings Chart

Keynote Financial Services Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1017-10-417-125-416-9-1321
Cash from Investing Activity -7108-3-77-151-1622-3
Cash from Financing Activity -1-2-2-3-1-4-31-04-0-26
Net Cash Flow-1824-4-109-82217-219-8

Keynote Financial Services Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days24910814211699704114104129172865
Inventory Days
Days Payable
Cash Conversion Cycle24910814211699704114104129172865
Working Capital Days366147-058819196221195-478-38107158
ROCE %11%14%7%8%11%12%11%0%-3%14%17%0%

Keynote Financial Services Ltd Financial Efficiency Indicators Chart

Keynote Financial Services Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.88%57.88%57.88%57.88%57.88%56.43%56.42%56.42%56.42%56.42%56.42%56.42%
FIIs7.35%7.35%7.35%7.35%7.35%7.35%7.35%7.35%7.35%7.35%7.35%7.35%
Public34.77%34.77%34.77%34.77%34.77%36.22%36.22%36.22%36.22%36.22%36.23%36.22%
No. of Shareholders2,6472,6922,8633,5953,8753,7873,7393,6533,5803,5723,7603,881

Keynote Financial Services Ltd Shareholding Pattern Chart

No. of Keynote Financial Services Ltd Shareholders

This stock is not held by any mutual fund

Keynote Financial Services Ltd ROCE Trend

Keynote Financial Services Ltd EPS Trend

Keynote Financial Services Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.0728.8920.25-7.59-1.91
Diluted EPS (Rs.)-3.0728.8920.25-7.59-1.91
Cash EPS (Rs.)-1.9430.1421.56-6.22-0.52
Book Value[Excl.RevalReserv]/Share (Rs.)176.26180.63152.60131.62140.43
Book Value[Incl.RevalReserv]/Share (Rs.)176.26180.63152.60131.62140.43
Revenue From Operations / Share (Rs.)25.3051.6536.1915.5723.50
PBDIT / Share (Rs.)1.5036.9127.12-4.281.81
PBIT / Share (Rs.)0.3635.6625.82-5.640.43
PBT / Share (Rs.)-0.0933.5423.86-7.83-1.60
Net Profit / Share (Rs.)-3.0728.8920.25-7.59-1.91
NP After MI And SOA / Share (Rs.)-2.9328.8920.25-7.59-1.91
PBDIT Margin (%)5.9171.4574.94-27.477.70
PBIT Margin (%)1.4469.0471.33-36.251.83
PBT Margin (%)-0.3664.9265.92-50.31-6.79
Net Profit Margin (%)-12.1455.9355.96-48.73-8.12
NP After MI And SOA Margin (%)-11.5755.9355.96-48.73-8.12
Return on Networth / Equity (%)-1.6615.9913.27-5.76-1.36
Return on Capital Employeed (%)0.1918.3616.04-4.110.29
Return On Assets (%)-1.4811.539.34-3.54-0.98
Total Debt / Equity (X)0.020.260.300.290.25
Asset Turnover Ratio (%)0.050.070.100.050.09
Current Ratio (X)16.053.901.911.712.16
Quick Ratio (X)16.023.891.901.712.15
Dividend Payout Ratio (NP) (%)-34.153.464.93-16.67-164.45
Dividend Payout Ratio (CP) (%)-55.683.314.63-20.34-593.04
Earning Retention Ratio (%)134.1596.5495.07116.67264.45
Cash Earning Retention Ratio (%)155.6896.6995.37120.34693.04
Interest Coverage Ratio (X)3.2717.3613.85-1.950.89
Interest Coverage Ratio (Post Tax) (X)-5.7114.5911.34-2.460.05
Enterprise Value (Cr.)36.2166.2121.872.4019.76
EV / Net Operating Revenue (X)2.572.301.090.271.51
EV / EBITDA (X)43.453.221.45-1.0119.59
MarketCap / Net Operating Revenue (X)3.332.091.512.761.70
Retention Ratios (%)134.1596.5395.06116.67264.45
Price / BV (X)0.470.590.350.320.28
Price / Net Operating Revenue (X)3.332.091.512.761.70
EarningsYield-0.030.260.37-0.17-0.04

Keynote Financial Services Ltd Profitability Ratios (%)

Keynote Financial Services Ltd Liquidity Ratios

Keynote Financial Services Ltd Liquidity Ratios (%)

Keynote Financial Services Ltd Interest Coverage Ratios (%)

Keynote Financial Services Ltd Valuation Ratios

Fair Value of Keynote Financial Services Ltd Stock

Fair Value: ₹16.60

The stock is overvalued by 90.40% compared to the current price ₹173

*Investments are subject to market risks

Strength and Weakness of Keynote Financial Services Ltd Stock

StrengthWeakness
  1. The company has higher reserves (71.54 cr) compared to borrowings (0.15 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (22.77 cr) and profit (7.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 11.33 and average Dividend Yield of 21.48%.
  2. The stock has a low average ROCE of 8.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 123.42, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 156.25, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Keynote Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE