Keynote Financial Services (NSE:KEYFINSERV) EV-to-OCF: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:KEYFINSERV Keynote Financial Services Ltd NSE:KEYFINSERV
83 GF Score
Price ₹241.45
GF Value ₹208.40
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Keynote Financial Services EV-to-OCF?

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Keynote Financial Services's Enterprise Value is ₹578.2 Mil. Keynote Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was ₹ Mil. Therefore, Keynote Financial Services's EV-to-OCF for today is .

The historical rank and industry rank for Keynote Financial Services's EV-to-OCF or its related term are showing as below:

NSE:KEYFINSERV' s EV-to-OCF Range Over the Past 10 Years
Min: -2.42   Med: 0   Max: -2.42
Current: -2.42

During the past 13 years, the highest EV-to-OCF of Keynote Financial Services was -2.42. The lowest was -2.42. And the median was .

NSE:KEYFINSERV's EV-to-OCF is ranked better than
60.2% of 804 companies
in the Capital Markets industry
Industry Median: -0.475 vs NSE:KEYFINSERV: -2.42

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-22), Keynote Financial Services's stock price is ₹241.45. Keynote Financial Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ₹10.207. Therefore, Keynote Financial Services's PE Ratio (TTM) for today is 23.66.


Keynote Financial Services  (NSE:KEYFINSERV) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Keynote Financial Services's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=241.45/10.207
=23.66

Keynote Financial Services's share price for today is ₹241.45.
Keynote Financial Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹10.207.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Keynote Financial Services EV-to-OCF Related Terms


Keynote Financial Services EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Keynote Financial Services's EV-to-OCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Keynote Financial Services EV-to-OCF Chart

Keynote Financial Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.91 4.73 8.80 34.29 7.64

Keynote Financial Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

NSE:KEYFINSERV vs MS, GS, SCHW: EV-to-OCF Comparison

For the Capital Markets subindustry, Keynote Financial Services's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Keynote Financial Services EV-to-OCF vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Keynote Financial Services's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Keynote Financial Services's EV-to-OCF falls into.


NSE:KEYFINSERV
83GF Score
Keynote Financial Services Ltd NSE:KEYFINSERV
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keynote Financial Services EV-to-OCF Calculation

Keynote Financial Services's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=578.160/
=

Keynote Financial Services's current Enterprise Value is ₹578.2 Mil.
Keynote Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹ Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Keynote Financial Services (NSE:KEYFINSERV) Overvalued in 2026?

Based on GuruFocus' analysis, Keynote Financial Services stock appears to be overvalued. The current stock price of ₹241.45 is trading 15.9% above its estimated GF Value™ of ₹208.40. GuruFocus considers Keynote Financial Services to be Modestly Overvalued.

Key valuation signals for NSE:KEYFINSERV:

  • EV-to-OCF:
  • GF Value™: ₹208.40 vs. price of ₹241.45 (15.9% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the NSE:KEYFINSERV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keynote Financial Services Business Description

Other Exchanges 512597:India
Address Senapati Bapat Marg, Kasaravadi, The Ruby, 9th Floor, Dadar (West), Mumbai, MH, IND, 400028
Keynote Financial Services Ltd is an Indian financial services company operating primarily in the capital markets sector. Its business spans corporate finance, merchant banking, ESOP advisory, debt advisory, and broking and related activities, including depository services. The merchant banking segment contributes the largest share of revenue, reflecting the company's role in raising financial capital through underwriting and acting as an agent for clients issuing securities. Its corporate finance and advisory services support companies in areas such as capital raising, employee stock option planning, and debt structuring. The broking and other activities segment provides brokerage and advisory services to clients. The company serves corporate clients, institutions, and investors across India, which accounts for the vast majority of its revenue, with limited international operations. Revenue is generated mainly through advisory and transaction fees, underwriting and merchant banking commissions, and brokerage charges.
83GF Score

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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹241.45
Price
₹208.40
GF Value