Keynote Financial Services Limited (KEYFINSERV) - Net Assets

Latest as of September 2025: Rs1.50 Billion INR ≈ $16.17 Million USD

Based on the latest financial reports, Keynote Financial Services Limited (KEYFINSERV) has net assets worth Rs1.50 Billion INR (≈ $16.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.61 Billion ≈ $17.40 Million USD) and total liabilities (Rs114.13 Million ≈ $1.23 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check KEYFINSERV asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.50 Billion
% of Total Assets	92.91%
Annual Growth Rate	8.32%
5-Year Change	61.76%
10-Year Change	108.57%
Growth Volatility	8.78

Keynote Financial Services Limited - Net Assets Trend (2006–2025)

This chart illustrates how Keynote Financial Services Limited's net assets have evolved over time, based on quarterly financial data. Also explore KEYFINSERV asset base for the complete picture of this company's asset base.

Annual Net Assets for Keynote Financial Services Limited (2006–2025)

The table below shows the annual net assets of Keynote Financial Services Limited from 2006 to 2025. For live valuation and market cap data, see market value of Keynote Financial Services Limited.

Year	Net Assets	Change
2025-03-31	Rs1.38 Billion ≈ $14.97 Million	+11.35%
2024-03-31	Rs1.24 Billion ≈ $13.44 Million	+26.67%
2023-03-31	Rs981.17 Million ≈ $10.61 Million	-3.00%
2022-03-31	Rs1.01 Billion ≈ $10.94 Million	+18.23%
2021-03-31	Rs855.50 Million ≈ $9.25 Million	+16.76%
2020-03-31	Rs732.71 Million ≈ $7.92 Million	-6.22%
2019-03-31	Rs781.32 Million ≈ $8.45 Million	+1.30%
2018-03-31	Rs771.28 Million ≈ $8.34 Million	+6.95%
2017-03-31	Rs721.15 Million ≈ $7.80 Million	+8.69%
2016-03-31	Rs663.50 Million ≈ $7.18 Million	+6.10%
2015-03-31	Rs625.35 Million ≈ $6.76 Million	+1.65%
2014-03-31	Rs615.19 Million ≈ $6.65 Million	+3.96%
2013-03-31	Rs591.77 Million ≈ $6.40 Million	+6.71%
2012-03-31	Rs554.57 Million ≈ $6.00 Million	+6.01%
2011-03-31	Rs523.11 Million ≈ $5.66 Million	+7.72%
2010-03-31	Rs485.63 Million ≈ $5.25 Million	+11.54%
2009-03-31	Rs435.38 Million ≈ $4.71 Million	+14.29%
2008-03-31	Rs380.95 Million ≈ $4.12 Million	+27.02%
2007-03-31	Rs299.91 Million ≈ $3.24 Million	-1.05%
2006-03-31	Rs303.10 Million ≈ $3.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Keynote Financial Services Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 106766699900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs1.07 Billion	77.15%
Common Stock	Rs55.67 Million	4.02%
Other Components	Rs260.54 Million	18.83%
Total Equity	Rs1.38 Billion	100.00%

Keynote Financial Services Limited Competitors by Market Cap

The table below lists competitors of Keynote Financial Services Limited ranked by their market capitalization.

Company	Market Cap
Procorp S.A.B. de C.V MX:PROCORPB	$16.67 Million
Star Diamond Corp TO:DIAM	$16.67 Million
Compass Gold Corp V:CVB	$16.67 Million
United Maritime Corporation NASDAQ:USEA	$16.69 Million
Lifestyle Global Enterprise TWO:8066	$16.67 Million
Eagle Plains Resources Ltd. V:EPL	$16.67 Million
Hindprakash Industries Limited NSE:HPIL	$16.66 Million
Securemetric Berhad KLSE:0203	$16.66 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Keynote Financial Services Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,242,835,000 to 1,383,869,000, a change of 141,034,000 (11.3%).
Net income of 145,699,000 contributed positively to equity growth.
Dividend payments of 5,567,000 reduced retained earnings.
New share issuances of 9,315,000 increased equity.
Other comprehensive income decreased equity by 28,342,000.
Other factors increased equity by 19,929,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs145.70 Million	+10.53%
Dividends Paid	Rs5.57 Million	-0.4%
Share Issuances	Rs9.31 Million	+0.67%
Other Comprehensive Income	Rs-28.34 Million	-2.05%
Other Changes	Rs19.93 Million	+1.44%
Total Change	Rs-	11.35%

Book Value vs Market Value Analysis

This analysis compares Keynote Financial Services Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.11x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 6.35x to 1.11x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs43.61	Rs276.94	x
2007-03-31	Rs42.73	Rs276.94	x
2008-03-31	Rs54.26	Rs276.94	x
2009-03-31	Rs62.03	Rs276.94	x
2010-03-31	Rs69.20	Rs276.94	x
2011-03-31	Rs93.97	Rs276.94	x
2012-03-31	Rs99.62	Rs276.94	x
2013-03-31	Rs106.31	Rs276.94	x
2014-03-31	Rs110.51	Rs276.94	x
2015-03-31	Rs112.34	Rs276.94	x
2016-03-31	Rs119.20	Rs276.94	x
2017-03-31	Rs129.55	Rs276.94	x
2018-03-31	Rs138.55	Rs276.94	x
2019-03-31	Rs140.36	Rs276.94	x
2020-03-31	Rs131.62	Rs276.94	x
2021-03-31	Rs153.68	Rs276.94	x
2022-03-31	Rs181.69	Rs276.94	x
2023-03-31	Rs176.25	Rs276.94	x
2024-03-31	Rs223.25	Rs276.94	x
2025-03-31	Rs248.72	Rs276.94	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Keynote Financial Services Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 10.53%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 64.14%
• Asset Turnover: 0.15x
• Equity Multiplier: 1.10x
Recent ROE (10.53%) is above the historical average (9.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	3.44%	14.92%	0.15x	1.53x	Rs-19.86 Million
2007	18.85%	35.59%	0.27x	1.96x	Rs26.54 Million
2008	23.26%	55.41%	0.14x	2.92x	Rs50.51 Million
2009	14.59%	53.76%	0.10x	2.81x	Rs20.00 Million
2010	12.73%	40.25%	0.19x	1.70x	Rs13.28 Million
2011	11.57%	23.63%	0.34x	1.45x	Rs8.24 Million
2012	7.51%	19.05%	0.23x	1.73x	Rs-13.81 Million
2013	8.26%	16.93%	0.21x	2.35x	Rs-10.29 Million
2014	4.91%	18.05%	0.14x	1.98x	Rs-31.34 Million
2015	2.71%	13.55%	0.13x	1.57x	Rs-45.62 Million
2016	6.79%	25.39%	0.18x	1.52x	Rs-21.32 Million
2017	7.99%	25.50%	0.15x	2.09x	Rs-14.46 Million
2018	7.41%	32.22%	0.17x	1.36x	Rs-20.01 Million
2019	-1.36%	-7.73%	0.13x	1.39x	Rs-88.77 Million
2020	-5.76%	-47.57%	0.07x	1.63x	Rs-115.50 Million
2021	13.18%	98.64%	0.09x	1.41x	Rs27.19 Million
2022	15.90%	92.18%	0.13x	1.38x	Rs59.68 Million
2023	-1.66%	-11.15%	0.13x	1.12x	Rs-114.42 Million
2024	21.55%	79.08%	0.24x	1.13x	Rs143.57 Million
2025	10.53%	64.14%	0.15x	1.10x	Rs7.31 Million

Industry Comparison

This section compares Keynote Financial Services Limited's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $1,760,362,035
Average return on equity (ROE) among peers: 9.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Keynote Financial Services Limited (KEYFINSERV)	Rs1.50 Billion	3.44%	0.08x	$16.67 Million
21st Century Management Services Limited (21STCENMGM)	$456.10 Million	12.69%	0.44x	$4.15 Million
5paisa Capital Ltd (5PAISA)	$121.33 Million	-45.32%	2.67x	$113.39 Million
Abans Holdings Limited (AHL)	$7.36 Billion	8.41%	0.59x	$117.39 Million
AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) (AIIL)	$552.74 Million	2.13%	0.52x	$4.33 Billion
Almondz Global Securities Limited (ALMONDZ)	$1.10 Billion	10.23%	0.67x	$30.95 Million
Angel One Limited (ANGELONE)	$3.47 Billion	12.65%	1.81x	$3.03 Billion
Arihant Capital Markets Limited (ARIHANTCAP)	$1.19 Billion	17.41%	1.60x	$83.11 Million
Ausom Enterprise Limited (AUSOMENT)	$605.47 Million	34.34%	0.54x	$21.77 Million
Avonmore Capital & Management Services Limited (AVONMORE)	$1.13 Billion	5.92%	0.68x	$37.72 Million
Aditya Birla Money Limited (BIRLAMONEY)	$1.63 Billion	32.55%	12.01x	$89.41 Million

About Keynote Financial Services Limited

NSE:KEYFINSERV India Capital Markets

Market Cap

$16.67 Million

Rs1.54 Billion INR

Market Cap Rank

#25578 Global

#1421 in India

Share Price

Rs276.94

Change (1 day)

-1.70%

52-Week Range

Rs227.55 - Rs374.90

All Time High

Rs451.50