Joint Stock Company Kaspi.kz share price today

Joint Stock Company Kaspi.kz's share price was $95.42 at the close on 4 November 2026. It has been rising for 10 weeks. That is 10.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between $69 and $108, and at that close it sat 69% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Joint Stock Company Kaspi.kz is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 14 weeks in a row.

Over the last 2.8 years the share price moved +5% while the S&P 500 moved +57%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Joint Stock Company Kaspi.kz declared ₹1,000.00 per local share for Jun 2026, and ₹3,550.00 over the last four reported quarters. It reports in its home currency, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield.

Joint Stock Company Kaspi.kz is on one of our US lists: US tech stocks.

Joint Stock Company Kaspi.kz earned ₹257 B of net profit in the Jun 2026 quarter, −0.2% on the same quarter a year earlier. Full-year FY25 profit was ₹1,073 B. Over 4 years profit has grown 25.6% a year on average. That is 23.1% of the quarter's revenue. The same quarter a year earlier earned ₹257 B.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was ₹1,073 B (+3.2% on the year before).

Why profit moved: revenue changed +13.6% on a year earlier and the margin moved −1.2 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −1.6% and revenue +42.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted.

Joint Stock Company Kaspi.kz reported ₹1,110 B of revenue in the Jun 2026 quarter, +13.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 46.2% a year on average. The last full year, FY25, came in at ₹4,043 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,430 B.

FY25 revenue was ₹4,043 B, +58.9% on the year before.

Recent pace: the last four quarters grew +42.5% on average, against 46.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +39.2%, against +41.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −1.9%, against +7.1% a year (rolling over).

This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted.

Joint Stock Company Kaspi.kz's operating margin was 55.1% in the Jun 2026 quarter, 1.2 percentage points lower than the same quarter a year ago. Across 5 years it has been between 55.3% and 79.2%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed +0.7 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 80% of Joint Stock Company Kaspi.kz's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in ₹674 B of operating cash against ₹1,073 B of profit. After ₹183 B of spending on assets, ₹491 B was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted.

Joint Stock Company Kaspi.kz does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent ₹328 B on assets over the last 3 years. Averaged over those years that is 2.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: ₹328 B over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted.

Joint Stock Company Kaspi.kz's P/E is 7.7×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Joint Stock Company Kaspi.kz's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 25.3%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Joint Stock Company Kaspi.kz earned a ROE of 41% in FY25. Its return on capital used (ROIC) is 68.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 26.5% net margin and 0.36× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a 26.5% net margin × 0.36× asset turnover × 4.26× leverage (assets divided by equity) ≈ 40.6% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 82.0% − 13.6% = +68.4 percentage points. The 13.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 82.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 114.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Joint Stock Company Kaspi.kz has total debt of ₹605 B against shareholder equity of ₹2,731 B as of Jun 2026, so its debt is 0.22× its equity, which is very little. Year by year, that ratio went from 0.56 in FY21 to 0.14 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

This company reports in its home currency, not US dollars, so the money charts are left out here. The figures in the text are in that currency (₹); nothing is converted.

We have no ownership or short-position figures for Joint Stock Company Kaspi.kz, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 1.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

For Joint Stock Company Kaspi.kz, the Z-score is 2.61. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 2.61 is in the grey area, neither clearly safe nor clearly in trouble.

There is no score against its industry: Joint Stock Company Kaspi.kz is not among the largest members shown in this industry comparison for Software - Infrastructure.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Joint Stock Company Kaspi.kz is the 24th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Toast, Inc., F5, Inc. and Gen Digital Inc. Just below it: Nutanix, Inc., Check Point Software Technologies and GoDaddy Inc.

Software - Infrastructure companies close in size

21. Toast, Inc. $20.4 billion
22. F5, Inc. $18.7 billion
23. Gen Digital Inc. $18.3 billion
24. Joint Stock Company Kaspi.kz $18.1 billion
25. Nutanix, Inc. $17.2 billion
26. Check Point Software Technologies Ltd. $15.1 billion
27. GoDaddy Inc. $14.3 billion

All 117 Software - Infrastructure companies, largest first

Companies close in size in other industries

631. nVent Electric plc $18.2 billion · Electrical Equipment & Parts
632. Host Hotels & Resorts, Inc. $18.1 billion · REIT - Hotel & Motel
633. Joint Stock Company Kaspi.kz $18.1 billion
634. Essex Property Trust, Inc. $18.1 billion · REIT - Residential
635. Telefônica Brasil S.A. $18 billion · Telecom Services

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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