RNFI Services
- Market cap
- ₹ 802 Cr.
- P/E
- 28.5x
- P/B
- 4.74x
- 52-week range
- 216 – 388
- ROE
- 21%
- ROCE
- 27%
- Dividend yield
- 0%
- Debt / equity
- 0.17
- Sector
- Finance
- Industry
- Other Financial Services
- Listed on
- NSE SME
About
RNFI Services Limited is an India-based tech enabled platform offering advanced financial technology solutions in B2B and B2B2C financial technology arena through an integrated business model via its online portal and mobile application, focusing on providing banking, digital and G2C services on a PAN India basis. Its segments include Business Correspondent, Non-Business Correspondent, Full Fledge Money Changer (FFMC) and Direct Insurance Broking. Business Correspondent segment comprises all services which are covered under business correspondent guidelines issued by Reserve Bank of India such as AEPS, MATM, DMT and others. Non-Business Correspondent segment comprises all services other than business correspondent services which are available on the Company’s business portal & used by merchants for catering to their customers such as recharge, flight/IRCTC Ticket Booking, CMS, PAN, and BBPS. FFMC segment comprises all sale & purchase of foreign currency & services that belongs to FFMC.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Financial Services: 120 companies →RNFI Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28.5 against a typical 32.1: cheaper than most peers (1st = cheapest).55th of 119
- Sales growth+8.1% against a typical +10.4% from a year earlier.48th of 93
- Profit growth−12.3% against a typical −1.6% from a year earlier.45th of 85
- Share price, 3 months+21.3% against a typical −6.2%.10th of 97
- Size₹ 801.8 Cr. market value against a typical ₹ 35.5 Cr. (1st = largest).11th of 113
Latest announcements
Exchange filings and their impact on the company.
- RNFI won its Rs 1.48 cr income-tax appeal, saving about Rs 1-1.6 cr in tax.
RNFI Services said the Commissioner of Income Tax (Appeals) on 9 Oct 2026 partly allowed its appeal for AY 2024-25 and deleted the full Rs 1.48 crore addition made under Section 69 for alleged unexplained investment in its Kirti Nagar property. The assessing officer had alleged extra cash payment over the registered Rs 2.21 crore price based on a third-party excel sheet and statement, which the appellate authority found uncorroborated. The order removes the related tax demand of about Rs 1.61 crore and weakens the separate penalty case, a small one-time cash-flow and profit positive with no change to business operations.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 May 2026 | Financial Results | RNFI : 30-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 27, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 30, 2026, To consider and approve the financial results for the period ended March 31, 2026 |
| 27 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 10 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 11 Aug 2025 | Board Meeting Intimation | RNFI Services Limited has informed the Exchange about Board Meeting to be held on 11-Aug-2025 to consider and approve Fund raising/Increase in authorised capital/Other business. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 220 | 244 | 214 | 250 | 222 | 258 | 239 | 270 |
| Expenses | 208 | 233 | 205 | 238 | 208 | 241 | 223 | 259 |
| Operating Profit | 12 | 11 | 9 | 12 | 13 | 17 | 16 | 11 |
| OPM % | 5.4% | 4.6% | 4.3% | 4.7% | 6% | 6.5% | 6.7% | 3.9% |
| Other Income | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 1 |
| Interest | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 4 |
| Profit before tax | 9 | 8 | 7 | 8 | 12 | 13 | 12 | 7 |
| Tax % | 26.7% | 21.2% | 25.5% | 26.8% | 25.2% | 24.3% | 27.4% | 26.7% |
| Net Profit | 7 | 6 | 5 | 6 | 9 | 10 | 8 | 5 |
| EPS in Rs | 2.45 | 2.1 | 1.83 | 2.08 | 3.14 | 3.34 | 3.03 | 1.81 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 49%
- 3 Years
- −3%
- TTM
- 6%
- 10 Years
- —
- 5 Years
- 31%
- 3 Years
- 75%
- TTM
- 34%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 26%
- 3 Years
- 24%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| RNFI Services | ₹ 325.00 | ₹ 802 Cr. | 28.5x | 4.7x | 21% | — |
| Eternal | ₹ 317.00 | ₹ 3,05,916 Cr. | 734.9x | 8.5x | 1.2% | 0.7% |
| Wipro | ₹ 189.75 | ₹ 1,87,946 Cr. | 13.6x | 2.1x | 16.1% | 14% |
| Info Edge (India) | ₹ 1,184.60 | ₹ 76,812 Cr. | 44x | 2x | 4% | 53.7% |
| Tata Technologies | ₹ 656.85 | ₹ 26,672 Cr. | 49.3x | 7.8x | — | 9.4% |
| Netweb Technologies India | ₹ 4,343.00 | ₹ 25,818 Cr. | 116.9x | 33.4x | 32.8% | 9.4% |
Management
- Nimesh Khandelwal
- Chief Financial Officer
- Ranveer Khyaliya
- Managing Director
- Kush Mishra
- Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.