Banas Finance Ltd
Banas Finance is engaged in finance, Share Trading, Investments, Consultancy and having interest in Realty business.
- Market Cap ₹ 158 Cr.
- Current Price ₹ 16.4
- High / Low ₹ 18.8 / 9.04
- Stock P/E 3.31
- Book Value ₹ 15.8
- Dividend Yield 0.00 %
- ROCE -60.9 %
- ROE -34.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.04 times its book value
- Company is expected to give good quarter
Cons
- Promoter holding is low: 17.6%
- Company has a low return on equity of 6.97% over last 3 years.
- Earnings include an other income of Rs.4.40 Cr.
- Working capital days have increased from 164 days to 309 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 3 | 6 | 7 | 8 | 10 | 4 | 14 | 9 | 14 | 101 | 20 | 47 | |
8 | 3 | 5 | 7 | 10 | 13 | 4 | 21 | 7 | 5 | 9 | 120 | 49 | |
Operating Profit | 0 | 0 | 0 | 0 | -2 | -3 | 0 | -7 | 2 | 10 | 91 | -100 | -1 |
OPM % | 1% | 2% | 5% | 5% | -27% | -35% | 3% | -49% | 23% | 68% | 91% | -497% | -3% |
0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | |
Interest | 0 | 0 | 0 | 1 | 1 | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | 0 | 0 | -0 | -3 | -5 | 0 | -7 | 2 | 10 | 92 | -100 | 3 |
Tax % | -100% | 200% | 33% | -366% | -4% | 0% | 14% | 24% | 24% | -17% | 24% | 45% | |
0 | -0 | 0 | -2 | -3 | -5 | 0 | -5 | 1 | 11 | 69 | -55 | 48 | |
EPS in Rs | 0.00 | -0.00 | 0.01 | -0.43 | -0.74 | -1.15 | 0.03 | -1.22 | 0.27 | 1.12 | 6.90 | -5.70 | 4.96 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 36% |
3 Years: | 31% |
TTM: | -173% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 145% |
Stock Price CAGR | |
---|---|
10 Years: | -22% |
5 Years: | 50% |
3 Years: | 71% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 4% |
3 Years: | 7% |
Last Year: | -35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 26 | 26 | 48 | 48 |
Reserves | 10 | 29 | 29 | 27 | 23 | 18 | 18 | 68 | 70 | 67 | 136 | 104 | 127 |
0 | 0 | 7 | 11 | 20 | 7 | 5 | 10 | 11 | 11 | 7 | 7 | 7 | |
0 | 0 | 0 | 0 | 3 | 4 | 4 | 0 | 0 | 0 | 20 | 0 | 0 | |
Total Liabilities | 20 | 40 | 47 | 50 | 58 | 40 | 39 | 90 | 92 | 104 | 188 | 159 | 182 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 15 | 21 | 44 | 138 | 88 | 100 |
20 | 40 | 47 | 50 | 58 | 40 | 37 | 74 | 71 | 59 | 50 | 70 | 82 | |
Total Assets | 20 | 40 | 47 | 50 | 58 | 40 | 39 | 90 | 92 | 104 | 188 | 159 | 182 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1 | -20 | 0 | 3 | -1 | 2 | 4 | 4 | 6 | 9 | 20 | -1 | |
1 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -4 | -15 | -6 | -49 | |
0 | 20 | -0 | -1 | -1 | -2 | -2 | -0 | 0 | 0 | -4 | 44 | |
Net Cash Flow | 0 | 0 | -0 | 2 | -2 | 0 | 0 | 3 | 3 | -6 | 10 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | 85 | 589 | 524 | 235 | 535 | 117 | 0 | 9 | 22 | 0 | 0 | |
Days Payable | 0 | 3 | 4 | 0 | 0 | 0 | 19 | 20 | ||||
Cash Conversion Cycle | 85 | 587 | 520 | 235 | 535 | 117 | 0 | -9 | 3 | 0 | 0 | 0 |
Working Capital Days | 926 | 4,416 | 3,003 | 2,306 | 2,440 | 1,362 | -32 | 137 | 230 | 145 | 38 | 309 |
ROCE % | 0% | 0% | 1% | 1% | -4% | -7% | 0% | -11% | 2% | 10% | 67% | -61% |
Documents
Announcements
- Compliance Under Regulation 40(9) Of SEBI (Listing Obligations Disclosure Requirements) Regulation 2015. 23 Apr
- Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 18 Apr
- The Board At Its Meeting Held Today I.E. April 18, 2024 Has Fixed Friday, April 26, 2024 Day As The Record Date For The Purpose Of Determining The Equity Shareholders Who Are Entitled To Receive The Rights Entitlement In The Rights Issue('Record Date') 18 Apr
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Banas Finance Limited 18 Apr
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Compliance Certificate
12 Apr - Compliance certificate under reg 7(3) for the period ended 31st March, 2024
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2008
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Overview and History[1]
The Company was incorporated as Pioneer Leasing Company Limited in 1983 and their name was changed to “M/s Banas Finance Limited” in 1986. In 1999 Company made an application to Reserve Bank of India for conversion into Non Banking Finance Company.
Currently, M/s. Banas Finance Limited is Non Banking Finance Company with the main object of purchase, leasing, factoring, financing of hire-purchase,lease of all kinds of plants and machineries, motor vehicles, motor boats, trawlers, launches,ships, vessels, helicopters, aircrafts, automobiles, computers or any other equipment. It provides finance to carry on business as investors and dealers in shares, stocks and securities, capitalists, financiers, concessionaires and to undertake, carry on and execute all kinds of financial, commercial and trading operations (except banking and insurance business).