BSE: 530547
KEN FINANCIAL SERVICES LTD.
Operates as a non-banking financial company based in Mumbai, earning primarily interest income on its loan book, with some fee-based service income. The loan portfolio roughly doubled during FY26, rising from Rs 808.17 lakh to Rs 1,699.40 lakh. Revenue from operations for FY26 was Rs 99.87 lakh, up 67% from Rs 59.88 lakh the prior year, with interest income as the core line and a Rs 40 lakh service fee booked in Q1 FY26 lifting the half-year numbers. Profit after tax for FY26 came in at Rs 43.35 lakh versus Rs 8.37 lakh in FY25, lifting EPS to Rs 1.45 from Rs 0.28. Total assets reached Rs 1,871.24 lakh at FY26 year-end, while borrowings rose nearly fourfold to Rs 883 lakh to fund the lending expansion. Operating cash flow for FY26 turned significantly negative at Rs 646.36 lakh, even as borrowings increased by Rs 650.61 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans, Service income. Small, Mumbai-based non-banking finance company focused on lending
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7 | 8 | 1 | 1 | 1 |
| EBITDA (ex other income) | 2 | 2 | 0 | 0 | (4) |
| margin % | 28.0 | 20.3 | 50.8 | 49.1 | (415.5) |
| Owners' profit | 1 | 1 | 0 | 0 | 0 |
| EPS, as reported (₹) | 2.74 | 2.06 | 0.26 | 0.28 | 1.45 |
| ROE % · ROCE % | 11.5 · — | 8.8 · — | 1.1 · — | 1.2 · — | 5.6 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (3) | 18 | (0) | (0) | (6) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.04 | 0.12 | 0.10 | 0.02 | 0.52 | 0.10 | 0.09 | 0.74 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,67,346 | 27.9 | 4.85 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,93,785 | 14.5 | 2.94 | — | 15.2 | — | 22.5 | 74.7 |
| TATA CAPITAL LIMITED | 1,28,620 | 23.5 | 2.73 | — | 10.4 | — | — | 75.8 |
| CHOLAMANDALAM IN & FIN CO | 1,25,298 | 21.7 | 4.11 | — | 17.2 | — | 26.5 | 71.2 |
| MUTHOOT FINANCE LIMITED | 96,653 | 8.5 | 2.43 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,250 | 22.1 | 3.20 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 42,997 | 19.2 | 2.89 | — | 13.8 | — | — | 78.4 |
| PIRAMAL FINANCE LIMITED | 42,166 | 24.9 | 1.50 | — | 5.3 | — | — | 63.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 10.4 | 18.5 | 63 of 200 | 69% |
| P/B | 0.6 | 1.1 | 68 of 253 | 73% |
| ROE | 5.6 | 3.1 | 97 of 257 | 63% |
| EBITDA margin | 293.5 | 48.6 | 5 of 249 | 98% |
| Revenue growth | (12.1) | 12.6 | 158 of 231 | 31% |
| Profit growth | 2930.1 | 7.8 | 4 of 251 | 99% |
| Market cap | 5 | 33 | 254 of 268 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Regulation 74(5) Certificate Submission for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closure ahead of September quarter results | compliance | minimal | — | — |
| 26 Sept 2026 · Re-appointment of Independent Woman Director for second 5-year term | management changes | medium | — | — |
| 26 Sept 2026 · New Professional Executive Director appointed at Ken Financial Services | management changes | medium | — | — |
| 26 Sept 2026 · Ken Financial Services 32nd AGM results: all 5 resolutions passed | compliance | minimal | — | — |
| 26 Sept 2026 · 32nd AGM held via video conferencing; 5 resolutions put to vote | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Annual Report FY 2025-26 with 32nd AGM Notice and key resolutions | compliance | medium | — | — |
| 4 Sept 2026 · 32nd AGM on 26 Sep 2026 via VC: director changes and Rs 100 crore borrowing limit | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Re-appointment of Independent Woman Director for second term | management changes | medium | — | — |
| 4 Sept 2026 · Ken Financial Services appoints new CFO effective 3 Sept 2026 | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.