LiveNSE delayed · 128/128 · 20 Aug 2026, 09:55 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
KFINTECH · Financial Services · Small Cap · Live 20 Aug 2026, 09:55 am · Discovery

KFin Technologies Ltd

RTA and investor-service platform leveraged to India's mutual-fund and issuer ecosystem. Asset-light, high incremental returns, still number two.

10X Low
Moderate Risk
Attractive Entry
Compounder
Institutional Accumulation
Sector Leader
Multibagger score
73.5/100
Market cap
₹16,506 Cr
Last price · live
₹963.70
+15.70 (+1.66%)
52W
₹785–₹1,215

Implied P/E 52.5x · KFINTECH.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.1x
Bull multiple
4.0x
Classification
Potential Mid Cap

Base case compounds into a durable mid-cap, not yet large-cap scale.

Final investment scorecard

Multibagger73.5 / 100
10X potentiallow
Business quality9.1 / 10
Growth runway8.0 / 10
Competitive advantage8.0 / 10
Management6.7 / 10
Balance sheet8.7 / 10
Valuation2.7 / 10
Technical setup8.2 / 10
Riskmoderate

Why it could become a multibagger

  • Asset-light operating leverage on India's SIP/AUM compounding.
  • Cash and earnings are the same conversation — rare even in 'quality' small caps.
  • International fund services is a real second act if it scales.

What needs to go right

  • MF AUM keeps compounding
  • No reckless price war with CAMS
  • International book becomes material

What could destroy the thesis

  • A regulatory rewrite of RTA economics
  • A failed large acquisition
  • Sustained sponsor dumping into a thin bid

What would make me sell

  • Yield compression without volume offset
  • A large low-ROCE acquisition
  • Loss of a top-five AMC mandate

Key metrics to monitor

MF AUM serviced
Yield on AUM
EBITDA margin
FCF
International revenue
Sponsor holding
New AMC wins

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.