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10 Yrs X-Ray 
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Keynote Financial Services Ltd (KEYFINSERV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512597 NSE: KEYFINSERV Finance - Investment | Small Cap | Keynote Finl. Serv Share Price
₹239 1.05 (0.44%)
As on 23-Sep'26 16:59
Keynote Financial Services Ltd (KEYFINSERV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 512597 NSE: KEYFINSERV Finance - Investment | Small Cap | Keynote Finl. Serv Share Price
₹239 1.05 (0.44%)
As on 23-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹133 Cr.
Current Price
₹239
52-Week Low / High
₹222 / 378
TTM EPS
₹10.2
Book Value per Share
₹280.5
P/E Ratio
23.42
Higher than its 5-year historical median
Industry PE
56.5
Price to Book (P/B)
0.85
Lower than its 5-year historical median
EV/EBITDA
8.78
Lower than its 5-year historical median
Dividend Yield
0.42%
Profitability Efficiency
Return on Equity (ROE)
4.71%
Outperforms industry median
Return on Capital Employed (ROCE)
6.66%
Outperforms industry median
Return on Assets (ROA)
4.25%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-41.79%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
-2.94%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹19.9 Cr.
Reserves
₹151 Cr.
Equity
₹5.6 Cr.
Face Value
₹10
All Time Low / High
₹2.00 / 475.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Keynote Financial Services Ltd a good quality company?
Keynote Financial Services Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Keynote Financial Services Ltd performance compare with that of its Peers?
AUM Growth of Keynote Financial Services Ltd vs Industry Peers?
Keynote Financial Services Ltd AUM CAGR is 5.66%, compared to the 5-year industry median CAGR of 9.58%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Keynote Financial Services Ltd?
Promoters hold 71.88% of the Keynote Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Keynote Financial Services Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 20.5% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Keynote Financial Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 5 | 8.3 | 7.8 | 4.2 | 9.8 | 7.3 | 6.1 | 24.7 | 9.5 | 5.6 | 3 | |
| YoY Gr. Rt. % | - | 65.2% | -5.2% | -46.6% | 133.4% | -25.2% | -17% | 306.9% | -61.3% | -41.5% | - | |
| Adj EPS (₹ ) | 2.7 | 4.6 | 3.5 | -0.1 | 6.6 | 5.2 | 0.7 | 15.7 | 6.7 | -3 | 4.3 | |
| YoY Gr. Rt. % | - | 71% | -24.8% | -103.8% | NA | -20.9% | -86% | 2049.3% | -57.2% | -144.4% | - | |
| BVPS (₹ ) | 73.6 | 77 | 79.5 | 78.2 | 83.9 | 88.1 | 87.9 | 102.5 | 132.3 | 128.4 | 142.3 | |
| YoY Gr. Rt. % | - | 4.6% | 3.3% | -1.7% | 7.2% | 5% | -0.2% | 16.6% | 29.1% | -2.9% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 3.1 | 5.1 | 3.9 | -0.2 | 7.4 | 5.4 | 0.7 | 13.9 | 4.4 | -2.1 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 1.2% | -10.6% | -2.7% | -41.5% | ||||
| Adj EPS | -201.1% | -185.3% | -259.8% | -144.4% | ||||
| BVPS | 6.4% | 8.9% | 13.5% | -2.9% | ||||
| Share Price | 20.5% | 24.7% | 28.3% | 1.7% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 37.8 | 39.1 | 31 | -2.2 | 47.3 | 50.1 | 8.4 | 44.6 | 39.1 | -29.7 | 90.5 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 3.7 | 6.1 | 4.4 | -0.2 | 8.1 | 6.1 | 0.8 | 16.5 | 5.1 | -2.3 | 3 | |
Valuation of Keynote Finl. Serv - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 25 | 20 | 15 | 12 | 23 | 32 | 16 | 50 | 31 | 29 |
| Exceptional Items ⓘ | 13 | 5 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 3 |
| Expenditure ⓘ + | 17 | 13 | 16 | 16 | 9 | 13 | 17 | 14 | 19 | 20 |
| Exceptional Items ⓘ | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit Before Tax ⓘ | 7 | 7 | -1 | -4 | 13 | 19 | -0 | 35 | 12 | 9 |
| Taxes ⓘ | 2 | 2 | 0 | -0 | 2 | 3 | 2 | 8 | 1 | 3 |
| Profit After Tax | 6 | 6 | -1 | -4 | 11 | 16 | -2 | 28 | 11 | 7 |
| Adjusted EPS (₹) | 10.4 | 10.3 | -1.9 | -7.6 | 20.3 | 28.9 | -2.9 | 48.1 | 26.2 | 12.0 |
| Dividend Payout Ratio (%) | 9.70% | 24.40% | -52.40% | -13.20% | 4.90% | 3.50% | -34.20% | 2.10% | 3.80% | 8.40% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 72 | 77 | 78 | 73 | 86 | 101 | 98 | 124 | 138 | 145 |
| Short term borrowings | 13 | 13 | 19 | 21 | 26 | 27 | 2 | 1 | 2 | 1 |
| Long Term Borrowings | 13 | 13 | 5 | 5 | 5 | 5 | 6 | 9 | 5 | 11 |
| Current Liabilities | 77 | 26 | 26 | 43 | 33 | 35 | 7 | 8 | 9 | 6 |
| Trade Payables | 55 | 6 | 5 | 21 | 5 | 3 | 2 | 3 | 4 | 4 |
| Other Liabilities | -68 | -20 | -24 | -42 | -30 | -30 | -4 | -3 | -6 | -4 |
| Total Liabilities ⓘ | 162 | 116 | 110 | 121 | 123 | 141 | 111 | 141 | 152 | 162 |
Assets | ||||||||||
| Non Current Asset + | 56 | 52 | 40 | 28 | 23 | 20 | 34 | 38 | 41 | 80 |
| Current Asset + | 106 | 65 | 70 | 93 | 100 | 120 | 77 | 102 | 110 | 82 |
| Total Assets ⓘ | 162 | 116 | 110 | 121 | 123 | 141 | 111 | 141 | 152 | 162 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -12 | 5 | -4 | 16 | -9 | -13 | 21 | 6 | 7 | -24 |
| Cash Flow From Investing Activity ⓘ | 7 | -1 | 5 | 1 | -16 | 22 | -3 | -4 | -6 | 22 |
| Cash Flow From Financing Activity ⓘ | -4 | -3 | 1 | -0 | 4 | -0 | -26 | -3 | -0 | 2 |
| Net Cash Flow ⓘ | -8 | 2 | 2 | 17 | -21 | 9 | -8 | -1 | 1 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 10.40 | 10.30 | -1.90 | -7.60 | 20.30 | 28.90 | -2.90 | 48.10 | 26.20 | 12 |
| DPS (₹) | 1 | 2.50 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| BVPS (₹) | 129.6 | 138.6 | 140.4 | 131.6 | 152.6 | 180.6 | 176.3 | 223.3 | 248.6 | 259.7 |
Performance Ratios | ||||||||||
| ROA (%) | 4.3 | 4.1 | -0.9 | -3.7 | 9.2 | 12.2 | -1.4 | 22.1 | 7.4 | 4.3 |
| ROE (%) | 8.3 | 7.7 | -1.4 | -5.6 | 14.3 | 17.3 | -1.7 | 25.0 | 8.2 | 4.7 |
| ROCE (%) | 12.4 | 10.4 | 0.3 | -3.3 | 13.9 | 16.6 | 0.2 | 31.7 | 9.3 | 6.7 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.4 | 0.4 | 0.3 | 0.2 | 0.4 | 0.6 | 0.5 | 0.6 | 1.2 | 0.9 |
Top 5 Mutual Funds Holding
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Keynote Financial Services Ltd FAQs
The current trading price of Keynote Finl. Serv on 23-Sep-2026 16:59 is ₹239.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2026 the market cap of Keynote Finl. Serv stood at ₹133.0 Cr
The latest P/E ratio of Keynote Finl. Serv as of 22-Sep-2026 is 55.34.
The latest P/B ratio of Keynote Finl. Serv as of 22-Sep-2026 is 1.68.
The 52-week high of Keynote Finl. Serv is ₹377.5 and the 52-week low is ₹221.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Keynote Finl. Serv is ₹2.66 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Keynote Financial Services Ltd is a below average quality company.
The key valuation ratios of Keynote Financial Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Keynote Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Keynote Financial Services Ltd
Since its inception in 1993, Keynote Corporate Services has remained committed to offering quality Investment Banking solutions combined with integrity and creativity through every challenging scenario. With services that enable their clients to access Capital Markets, Corporate Finance Advisory, Mergers and Acquisitions Advisory, ESOP advisory, Equity/Debt Placements and Restructuring, Keynote has emerged as a one-stop-boutique for mid market companies across the country.
Keynote is a part of the Concept Group, whose flagship company Concept Communication is a leading Advertising and Public Relations Firm. Keynote is a full service investment banking group focussed on mid market companies in India.
Through its wholly owned subsidiary, Keynote Capitals Limited, it provides the entire range of Stock Broking services backed by investment Research.
Associates of the company:
Red Oak Management Consultants Red Oak started operations in 2003 and is promoted by a team of professionals who have over 25 years of collective experience in Dubai and U.A.E region, and can provide introductions for new businesses and open doors in almost every field. Red Oak advises and formulates entry strategies for companies looking at operating in Dubai and other emirates in the U.A.E region. Red Oak offers the full range of services required for forming an offshore entity. Red Oak also specializes in setting up and administering tax efficient structures in all major offshore and onshore financial centers.
Unique Services Provider Ltd. Unique Services Provider Limited is a Switzerland based consulting and advisory company offering integrated financial solutions for wealthy individuals, families, financial institutions and large corporations. The range of services offered cover Private Banking, Investment Banking, Family Office Services, management Advisory Services, Traditional & Alternative Investment Structured Products, and Security.
Services offered by the company:
- Capital Markets IPOs, Follow-on Offers, Rights Offer, Underwriting, Consolidation Offers, Delisting Offers, Buybacks, Preferential Offers, Tender Offers
- Corporate Finance Project Finance, Syndication, Asset Based Bank Loan, Structured Finance, Restructuring Advice, Venture Capital / Private Equity, Valuation and Financial Modeling
- ESOP AdvisoryESOP, ESPS, Valuations & Certification, Monitoring & Dilution Analysis, Listing
- Stock Broking BSE Trading, NSE Trading, Futures & Options Trading, Depository Services, MCX Commodity Trading, Institutional / HNI Sales, Market Watch
- Insurance Broking
- M & A Advisory Acquisitions, Merger Advisory, Sale & Divesture, Joint ventures and Strategic Alliances, India Access Strategy, Acquisition Finance
- International Finance
- Investment Advisory Investment Advice, Equity Research, Industry Research, Company Management Meeting, Portfolio Allocation, Regulatory Assistance
- Wealth Management
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