KEYFINSERVFinancial Services

Keynote Financial Services Limited

Stockbroking & Allied · ISIN INE681C01015 · BSE 512597 · NSE EQ · FV ₹10
Last price
₹209
+2.66%today
What this company does

Keynote Financial Services Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹19 cr of revenue in its latest quarter (Q1 FY27) and kept 59.8% of sales as profit.

In the report:
82out of 100
Equitytale Health Score
Fortress

Healthier than 82% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 102–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
35

At close. Not part of the score.

Profitability & returns92

How much profit it earns on the money it employs

Cash quality40

Whether reported profit actually arrives as cash

Growth & consistency67

Whether sales and profit have grown, and how steadily

Valuation87

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 60% net margin
✓ Sales up 24% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Strong 32% return on equity
✓ Virtually debt-free
Watch-outs
! Profit down 8% vs last year
! Operating cash flow is negative

What if I invest in KEYFINSERV?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹209▲ +2.66%
latest close · 2026-11-04
1-year return
+164.6%
52-wk low ₹7252-wk high ₹275
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio2.5Low
LowAverageHigh
P/B ratio0.81Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity32.1%Strong
WeakFairStrong ▸15%
Net margin59.8%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹116 cr
Book value
₹260
EPS
₹20.81
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
29.1%
Earnings yield
39.80%
P/S
1.50
Sales / share
₹139.3
Tax rate
26.1%
Face value
₹10
Shares
0.6 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
76.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹279 vs market price ₹209 — price is 25% below it
Safety cushion+25.0%(target ≥ +20%)
Models span ₹214–₹344, midpoint ₹279
Model ₹279
Price ₹209
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹19 cr
Other Income₹56.3 L
Total Income₹20 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2 cr
Finance Costs₹7.2 L
Depreciation & Amortisation₹26.4 L
Other Expenses₹2 cr
Total Expenses₹4 cr
Profit before Tax₹16 cr
Tax Expense₹4 cr
Net Profit₹12 cr
Net margin on total income58.1%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹2 cr11.7%
Finance costs₹7.2 L0.4%
Depreciation & amortisation₹26.4 L1.3%
Other expenses₹2 cr8.0%
Tax expense₹4 cr20.5%
Profit for the period₹12 cr58.1%
Total income ₹20 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue12 cr7.2 L19 cr
Total income13 cr5.4 L20 cr
Expenses5 cr7 cr4 cr
Profit before tax8 cr-6 cr16 cr
Tax2 cr-1 cr4 cr
Net profit (owners' share)4 cr-9 cr12 cr
Net margin (owners' share, on revenue)36.0%—59.8%
EPS (₹)8.07-17.0320.81
YoY (latest quarter): total income +20.2% · net profit -7.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹159 cr
Shareholder equity
₹145 cr
parent shareholders
Total debt
₹4 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹-6 cr
Investing
₹7 cr
Financing
₹-84.1 L
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹206₹1.29 L cr44.0
Motilal Oswal Financial Services Limited₹1,010₹60,901 cr14.1
360 ONE WAM LIMITED₹1,065₹43,441 cr36.1
Nuvama Wealth Management Limited₹1,866₹34,067 cr27.8
Angel One Limited₹310₹28,389 cr21.1
IIFL Capital Services Limited₹348₹10,973 cr21.4
Share India Securities Limited₹184₹4,030 cr8.1
Anand Rathi Share and Stock Brokers Limited₹481₹3,032 cr18.1
Monarch Networth Capital Limited₹346₹2,742 cr12.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.48%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 21 Sep 2026
ActionDetailEx-date
Dividend₹1 / share21 Sep 2026
Dividend₹1 / share19 Sep 2025
Dividend₹1 / share19 Sep 2024
Dividend₹1 / share22 Sep 2023
Dividend₹1 / share21 Sep 2022
Dividend₹1 / share21 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
71.9%
FII / Foreign
9.3%
DII / Domestic
0.0%
Retail / others
18.8%
Promoter stake up 15.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldNAGA ACCOUNTS MANAGEMENT PRIVATE LIMITED · Promoter Group53,30031 Mar 21
BoughtB. MADHUPRASAD · Promoters53,30031 Mar 21
SoldDhanvirdhi Tie Up Pvt. Ltd · Promoter Group80,000 · ₹39.9 L2 Mar 17
Bulk / block deals
SoldMUDUPULAVEMULA SURENDRANADHA REDDY · NSE38,119 @ ₹451.7915 Apr 25
BoughtMUDUPULAVEMULA SURENDRANADHA REDDY · NSE38,119 @ ₹450.2915 Apr 25
BoughtARPIT JAIN HUF · NSE36,521 @ ₹337.352 Apr 25
Stake changes
BoughtVineet Suchanti · promoter→ 0.00%26 Jun 25
BoughtVivek Suchanti · promoter→ 10.45% · 2.82 L26 Jun 25
BoughtVivek Suchanti · promoter→ 0.00%26 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 28 Sep 2026
See the official result
1
To consider and adopt the Standalone and Consolidated Audited Financial Statements for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditor's thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.47 L votes for, 4 against
2
To declare dividend for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.47 L votes for, 4 against
3
To appoint a director in place of Mr. Vineet Suchanti (DIN: 00004031), who retires by rotation and being eligible offers himself for reappointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.47 L votes for, 4 against
4
Appointment of Ms. V K Beswal and Associates, Chartered Accountants, (Firm Registration No. 101083W) as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.47 L votes for, 4 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 71.9% between them · as of 2026-09-30
NSS Digital Media Limited55.91%
Vivek Nirmal Suchanti10.45%
Concept Production Limited4.34%
Maple Leaf Trading and Services Private Limited0.73%
Vineet Nirmal Suchanti0.22%
Rita Vivek Suchanti0.09%
Dhanvirdhi Tieup Private Limited0.07%
Rinku Vineet Suchanti0.07%
Business done with them
FY2026 · 1 of the group
The company paid ₹31.1 L to companies in the promoter group last year — about 1.2% of its ₹27 cr revenue.
NSS DIGITAL MEDIA LIMITED
Other payments to them · As per below
also owns 55.91% of the company
₹31.1 L
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.