BSE: 535566
KIFS FINANCIAL SERVICES LTD.
Earns revenue primarily through interest charged on loans as an RBI-registered non-banking financial company (NBFC) based in Ahmedabad. In FY26, total revenue from operations was ₹3,599.44 lakhs, almost entirely interest income, which grew 23.6% from the prior year. Loan disbursements during FY26 totaled ₹21,259.80 lakhs, with the on-book loan portfolio reaching ₹28,229 lakhs as of September 2025, up from ₹17,675 lakhs at March 2025. Borrowings used to fund this lending were ₹23,632 lakhs at September 2025. The single largest expense is finance costs — interest paid on borrowings — which came to ₹388.34 lakhs in Q3 FY26 alone. Total assets were ₹451.08 crore in FY26 and net profit for the year was ₹798.58 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income on loans. Spread-based NBFC lender funding loans with borrowed funds
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 33 | 31 | 47 | 29 | 36 |
| EBITDA (ex other income) | 32 | 30 | 45 | 28 | 34 |
| margin % | 97.0 | 97.1 | 97.4 | 97.8 | 95.6 |
| Owners' profit | 6 | 6 | 7 | 8 | 8 |
| EPS, as reported (₹) | 5.66 | 5.91 | 6.58 | 7.46 | 7.38 |
| ROE % · ROCE % | 15.4 · — | 14.3 · — | 14.1 · — | 14.1 · — | 12.6 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (26) | (8) | 49 | 148 | (155) |
| Capex | (2) | 0 | (1) | 0 | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 5 | 7 | 10 | 7 | 7 | 12 | 13 |
| Profit before tax | 2 | 2 | 4 | 2 | 3 | 3 | 3 | 3 |
| Net profit | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| EPS (₹) | 1.52 | 1.63 | 2.91 | 1.56 | 1.96 | 2.14 | 1.73 | 1.88 |
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 | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.6 | 18.1 | 86 of 200 | 57% |
| P/B | 1.8 | 1.1 | 176 of 253 | 31% |
| ROE | 12.6 | 3.1 | 33 of 257 | 88% |
| EBITDA margin | 98.4 | 48.6 | 26 of 249 | 90% |
| Revenue growth | 27.7 | 12.6 | 89 of 231 | 62% |
| Profit growth | 21.0 | 7.8 | 112 of 251 | 56% |
| Market cap | 114 | 34 | 86 of 268 | 68% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Newspaper notice on special window for physical share transfers | compliance | minimal | — | — |
| 8 Oct 2026 · Routine SEBI compliance certificate for share dematerialisation, Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Final dividend of Rs 1.55 per share declared for FY 2025-26 | corporate actions | high | — | — |
| 30 Sept 2026 · Director re-appointed at 31st AGM | management changes | medium | — | — |
| 30 Sept 2026 · Re-appointment of executive director at 31st AGM | management changes | low | — | — |
| 30 Sept 2026 · 31st AGM: All 3 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · KIFS Financial Services 31st AGM concludes; three ordinary resolutions transacted | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Trading window closed ahead of Q2 results | compliance | minimal | — | — |
| 3 Sept 2026 · KIFS Financial announces 31st AGM on Sep 29, 2026 via video conferencing | compliance | minimal | — | — |
| 2 Sept 2026 · Book closure Sep 23-29, 2026 for 31st AGM and FY26 final dividend | board shareholder meetings | low | — | — |
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.