KFin Tech Share Price: Shares of KFin Technologies (KFintech) hit a record high of Rs 1,111.65 per share, surging 10 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes on healthy business outlook. The share surpassed its previous high of Rs 1,090.85 touched on August 9, 2024.
Approximately 4.6 million equity shares were exchanged on both the BSE and NSE during intraday trading, significantly exceeding the one-week average of 0.7 million shares.
Year-to-date, KFin Tech shares have more than doubled, soaring over 126 per cent, far outpacing the Nifty 50 benchmark’s 15 per cent rise.
In its FY24 annual report, KFin Tech outlined its ambition to become a global fund administrator, aiming to reduce reliance on the domestic capital market. Over the next five years, the company expects its non-domestic mutual fund business to contribute 45-50 percent of total revenue. Additionally, value-added services (VAS) revenue is projected to increase from the current 6 percent to 12-15 percent in the same period.
Over the last five years, KFin Tech’s revenue from operations has grown at a compound annual growth rate (CAGR) of 13.7 percent, while profit has increased at a 25 percent CAGR. Operationally, EBITDA has grown at a 20.4 percent CAGR in the past five years. The number of clients increased to 6,071 in FY24, up from 5,363 in FY23, while the number of folios rose by 13 percent year-over-year to 124 million in FY24.
Currently, KFin Tech is covered by around 12 brokerage houses, with nine recommending a ‘buy’ rating, two issuing ‘sell’ calls, and one advising a ‘hold.’
KFin Tech operates as a technology-driven financial services platform, offering a range of services and solutions to the capital markets ecosystem, including asset managers and corporate issuers. Its investor solutions include data analytics, digital onboarding, fund accounting, and processing for alternative investments, mutual funds, and insurance investments.
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