Buy Kfin Technologies; target of Rs 1572: Anand Rathi

Anand Rathi's research report on Kfin Technologies

Aided by Issuer Solutions’ strong, 13% y/y, performance and International & Other Investor Solutions’ 26% y/y,KFin Tech’s revenue grew 10.3% y/y to Rs3.09bn. Notably, momentum in new international deals, the AIF platform and Issuer Solutions is healthy.

Outlook

Considering steady revenue growth in its core businesses, with international operations and AIF being primary drivers, we maintain a Buy on the company with a 12-mth TP of Rs1,572, valuing the stock at 53x Sep’27e EPS.

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