KIFS Financial Services Limited (KIFS.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+795.2%

₹939.96

vs ₹105.00 price

Levered DCF

₹1.58

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	14.57×	14.61×	21.89×	16.07×	41.71×	11.71×	13.46×	24.48×
P/B	1.84×	2.07×	3.09×	2.29×	6.41×	1.26×	1.62×	2.3×
P/S	3.23×	4.05×	3.34×	3.35×	7.81×	2.12×	3.4×	11.73×
EV / EBITDA	43.02×	8.4×	8.54×	12.45×	15.86×	15.93×	14.72×	25.46×
Gross margin	33.5%	98.9%	99.2%	98.9%	99.0%	98.7%	98.2%	96.4%
Operating margin	29.9%	96.3%	97.5%	96.0%	95.9%	97.4%	96.7%	91.9%
Net margin	22.2%	27.7%	15.3%	20.8%	18.7%	18.1%	25.3%	47.9%
Current ratio	2,235.15×	15,782.16×	1.09×	1.15×	1.13×	1.21×	1.18×	1.41×
Debt / equity	6.02×	5.82×	4.85×	5.9×	6.35×	9.05×	5.2×	2.28×
Interest coverage	0.46×	1.32×	1.29×	1.42×	1.36×	1.32×	1.58×	4.74×
Dividend yield	1.4%	1.3%	0.9%	1.4%	0.5%	3.0%	2.5%	1.4%
Payout ratio	20.3%	18.8%	20.5%	22.8%	22.1%	35.7%	33.1%	34.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.6%	14.1%	14.1%	14.3%	15.4%	10.8%	12.1%	9.4%
Return on invested capital	1.0%	2.9%	6.0%	7.1%	7.9%	7.8%	5.5%	3.8%
Return on assets	1.8%	2.0%	2.4%	2.0%	2.0%	1.9%	1.9%	2.8%
Free cash flow yield	5.7%	125.3%	31.0%	-7.8%	-11.0%	70.8%	3.5%	0.5%
Earnings yield	6.9%	6.8%	4.6%	6.2%	2.4%	8.5%	7.4%	4.1%
Enterprise value	₹4.8B	₹2.7B	₹3.9B	₹3.7B	₹5B	₹3.3B	₹2.2B	₹1.3B
Net debt / EBITDA	32.48×	4.77×	5.11×	9.01×	7.81×	13.77×	11.15×	12.3×
Cash conversion cycle (days)	4,200	-11	-10	322,484	1	1	4,661	5,841