Keynote Financial Services (NSE:KEYFINSERV) Operating Margin %: -118.57% (As of Mar. 2026)


NSE:KEYFINSERV Keynote Financial Services Ltd NSE:KEYFINSERV
78 GF Score
Price ₹243.95
GF Value ₹223.77
Valuation Fairly Valued
! 5 Warning Signs
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What is Keynote Financial Services Operating Margin %?

Keynote Financial Services NSE:KEYFINSERV -3.04% 78 Operating Margin % is -118.57% as of Mar. 2026. GuruFocus rates NSE:KEYFINSERV with a GF Score™ of 78/100 and a GF Value™ of ₹223.77 (Fairly Valued). The stock has 5 warning signs investors should review. Among 664 Capital Markets companies, Keynote Financial Services ranks better than 71.23% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Keynote Financial Services's Operating Income for the three months ended in Mar. 2026 was ₹-65.1 Mil. Keynote Financial Services's Revenue for the three months ended in Mar. 2026 was ₹54.9 Mil. Therefore, Keynote Financial Services's Operating Margin % for the quarter that ended in Mar. 2026 was -118.57%.

The historical rank and industry rank for Keynote Financial Services's Operating Margin % or its related term are showing as below:

NSE:KEYFINSERV' s Operating Margin % Range Over the Past 10 Years
Min: -71.52   Med: 37.03   Max: 98.43
Current: 31.9


NSE:KEYFINSERV's Operating Margin % is ranked better than
71.23% of 664 companies
in the Capital Markets industry
Industry Median: 6.955 vs NSE:KEYFINSERV: 31.90

Keynote Financial Services's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Keynote Financial Services's Operating Income for the three months ended in Mar. 2026 was ₹-65.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹71.2 Mil.


Keynote Financial Services  (NSE:KEYFINSERV) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Keynote Financial Services Operating Margin % Related Terms


Keynote Financial Services Operating Margin % Historical Data

* Premium members only.

The historical data trend for Keynote Financial Services's Operating Margin % 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 Operating Margin % Chart

Keynote Financial Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.73 -9.69 97.08 45.84 31.90

Keynote Financial Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % 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 -164.71 182.56 -208.76 106.84 -118.57

NSE:KEYFINSERV vs MS, GS, SCHW: Operating Margin % Comparison

For the Capital Markets subindustry, Keynote Financial Services's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Keynote Financial Services's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Keynote Financial Services's Operating Margin % falls into.


NSE:KEYFINSERV
78GF Score
Keynote Financial Services Ltd NSE:KEYFINSERV
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Keynote Financial Services Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Keynote Financial Services's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=71.162 / 223.096
=31.90 %

Keynote Financial Services's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-65.07 / 54.879
=-118.57 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of -118.57% mean?
Keynote Financial Services (NSE:KEYFINSERV) has a Operating Margin % of -118.57% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Keynote Financial Services and its competitors. According to the industry distribution chart, Keynote Financial Services ranks #191 out of 664 companies in the Capital Markets industry, placing it in the top 28.8%.
Is Keynote Financial Services' Operating Margin % too high?
Keynote Financial Services' current Operating Margin % is -118.57%. Based on the distribution chart, Keynote Financial Services ranks #191 out of 664 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Keynote Financial Services has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keynote Financial Services' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Keynote Financial Services ranks #191 out of 664 companies for Operating Margin %. This puts Keynote Financial Services in the upper half of its industry. The industry median Operating Margin % is 6.96. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Keynote Financial Services and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keynote Financial Services's current Operating Margin % is -118.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keynote Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Keynote Financial Services (NSE:KEYFINSERV) is currently considered Fairly Valued. The stock's GF Value™ is ₹223.77, compared to a current price of ₹243.95 — trading 9% above its estimated fair value. The current Operating Margin % is -118.57%. Keynote Financial Services' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Keynote Financial Services (NSE:KEYFINSERV), the current Operating Margin % is -118.57% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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 ₹243.95 is trading 9% above its estimated GF Value™ of ₹223.77. GuruFocus considers Keynote Financial Services to be Fairly Valued.

Key valuation signals for NSE:KEYFINSERV:

  • Operating Margin %: -118.57%
  • GF Value™: ₹223.77 vs. price of ₹243.95 (9% above fair value)
  • GF Score™: 78/100 with 5 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 engaged in the capital market business sector. Its operating segments include Corporate Finance; ESOP Advisory; Merchant Banking; and Debt advisory. The company generates maximum revenue from the Merchant banking segment. Geographically, it generates the majority of the revenue from India. Broking and other related activities include broking services to clients, advisory services, depository services, etc. Investment banking represents the results of raising financial capital by underwriting or acting as the client's agent in the issuance of securities.
78GF Score

Get the complete analysis for NSE:KEYFINSERV

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹243.95
Price
₹223.77
GF Value