Banas Finance Ltd

₹ 6.91 -1.00%

16 Jun - close price

About

Incorporated in 1993, Banas Finance Ltd is in the business of finance and share trading^[1]

Key Points

Business Overview:^[1]
BFL is registered as a Non-Systematically Important Non Deposit Taking, Non Banking Financial Company which deals in Finance and Trading

Website BSE

Market Cap ₹ 61.9 Cr.
Current Price ₹ 6.91
High / Low ₹ 10.3 / 5.01
Stock P/E 9.34
Book Value ₹ 15.1
Dividend Yield 0.00 %
ROCE 8.21 %
ROE 4.34 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.46 times its book value
Company is expected to give good quarter
Company's working capital requirements have reduced from 119 days to 66.4 days

Cons

Promoter holding is low: 26.6%
Company has a low return on equity of -3.63% over last 3 years.

* 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

Financial Services Financial Services Finance Investment Company

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	7.24	11.02	17.40	11.58	32.56	6.07	8.20	30.57	4.10	19.49	18.99	13.65	20.81
	22.22	4.95	4.06	17.42	19.45	13.36	18.59	31.09	8.83	10.06	9.84	16.68	10.37
Operating Profit	-14.98	6.07	13.34	-5.84	13.11	-7.29	-10.39	-0.52	-4.73	9.43	9.15	-3.03	10.44
OPM %	-206.91%	55.08%	76.67%	-50.43%	40.26%	-120.10%	-126.71%	-1.70%	-115.37%	48.38%	48.18%	-22.20%	50.17%
	0.06	0.18	4.10	0.06	2.70	0.05	0.24	0.07	0.13	0.14	0.29	1.89	0.21
Interest	0.02	0.02	0.02	0.00	0.03	0.01	0.00	0.00	0.02	0.01	0.00	0.08	0.04
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-14.94	6.23	17.42	-5.78	15.78	-7.25	-10.15	-0.45	-4.62	9.56	9.44	-1.22	10.61
Tax %	-301.07%	4.49%	0.00%	0.00%	197.15%	0.00%	1.97%	-44.44%	-251.08%	0.00%	1.06%	0.00%	53.44%
	30.04	5.95	17.42	-5.78	-15.32	-7.25	-10.35	-0.26	6.98	9.55	9.33	-1.22	4.93
EPS in Rs	3.13	0.62	1.81	-0.60	-1.59	-0.81	-1.16	-0.03	0.78	1.07	1.04	-0.14	0.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	7.46	8.09	9.54	4.27	13.86	8.89	14.45	100.59	20.18	73.04	43.48	57.23
	7.07	10.25	12.86	4.13	20.68	6.82	4.67	9.20	120.47	39.92	80.88	46.89
Operating Profit	0.39	-2.16	-3.32	0.14	-6.82	2.07	9.78	91.39	-100.29	33.12	-37.40	10.34
OPM %	5.23%	-26.70%	-34.80%	3.28%	-49.21%	23.28%	67.68%	90.85%	-496.98%	45.35%	-86.02%	18.07%
	-0.01	0.00	0.02	0.01	0.00	0.00	0.02	0.36	0.70	0.60	0.00	2.27
Interest	0.77	1.01	1.84	0.01	0.42	0.51	0.25	0.11	0.10	0.09	0.04	0.20
Depreciation	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Profit before tax	-0.41	-3.17	-5.14	0.14	-7.24	1.56	9.55	91.64	-99.69	33.63	-37.45	12.40
Tax %	365.85%	4.10%	0.00%	14.29%	-24.45%	23.72%	-17.49%	24.30%	-45.07%	93.34%	-31.00%	46.53%
	-1.91	-3.30	-5.14	0.12	-5.47	1.20	11.22	69.37	-54.76	2.25	-25.84	6.63
EPS in Rs	-0.43	-0.74	-1.15	0.03	-1.22	0.27	1.12	6.90	-5.70	0.23	-2.88	0.74
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	22%
5 Years:	32%
3 Years:	42%
TTM:	32%

Compounded Profit Growth
10 Years:	15%
5 Years:	-10%
3 Years:	28%
TTM:	126%

Stock Price CAGR
10 Years:	4%
5 Years:	8%
3 Years:	-21%
1 Year:	-18%

Return on Equity
10 Years:	0%
5 Years:	0%
3 Years:	-4%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11.38	11.38	11.38	11.38	11.38	11.38	25.65	25.65	48.05	48.05	89.58	89.58
Reserves	26.77	23.48	18.34	18.46	68.11	69.83	66.77	136.14	103.77	106.02	80.23	45.95
	11.46	20.19	6.89	4.85	9.66	10.61	11.20	6.90	6.51	6.05	0.86	0.59
	0.08	2.92	3.86	3.94	0.45	0.15	0.08	19.69	0.34	5.58	0.09	0.05
Total Liabilities	49.69	57.97	40.47	38.63	89.60	91.97	103.70	188.38	158.67	165.70	170.76	136.17
	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.02	0.02	0.05	0.04
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	1.55	15.28	20.64	44.44	138.43	88.45	110.12	124.98	97.65
	49.67	57.95	40.45	37.06	74.29	71.30	59.23	49.92	70.20	55.56	45.73	38.48
Total Assets	49.69	57.97	40.47	38.63	89.60	91.97	103.70	188.38	158.67	165.70	170.76	136.17

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2.68	-0.52	1.86	3.72	4.17	5.91	9.02	19.69	-0.83	-5.51	-0.24	23.78
	0.00	0.00	0.00	-1.48	-0.73	-3.50	-15.34	-5.58	-49.19	7.62	-38.52	-25.64
	-0.77	-1.01	-1.83	-2.03	-0.36	0.44	0.34	-4.42	44.31	-0.55	36.30	-0.20
Net Cash Flow	1.92	-1.53	0.03	0.20	3.08	2.85	-5.98	9.70	-5.70	1.57	-2.46	-2.06
Free Cash Flow	2.68	-0.52	1.86	3.72	4.17	5.91	9.02	19.69	-0.83	-5.51	-0.28	23.78
CFO/OP	1,072%	18%	-56%	2,507%	-61%	286%	92%	22%	1%	-15%	0%	235%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days	235.17	535.33	117.08	0.00	9.49	22.46		0.00	0.00	0.00	0.00	0.00
Days Payable	0.00	0.00	0.00		18.97	19.65
Cash Conversion Cycle	235.17	535.33	117.08	0.00	-9.49	2.81	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	1,745.25	1,529.48	1,099.21	-446.21	-117.72	-206.11	144.74	38.25	309.11	85.50	204.91	66.39
ROCE %	0.77%	-4.13%	-7.20%	0.42%	-11.01%	2.29%	10.03%	67.39%	-60.91%	21.18%	-22.62%	8.21%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Net Loans (At Amortised Cost / Short Term Advances)
₹ Lakhs

x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xxx.xx
x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
x	x		x		x	xx	xx	x	x	x
		x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx				xx,xxx.xx	xx,xxx.xx
						xx.xx	xxx.xx	xxx.xx	xxx.xx	xx.xx

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Total Financial Assets
₹ Lakhs

Number of Employees
Number

Net Owned Fund (NOF)
₹ Lakhs

Tier I CRAR (Capital to Risk-Weighted Assets Ratio)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	17.59%	17.59%	17.59%	17.59%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%
	0.05%	0.05%	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	82.36%	82.37%	82.36%	82.36%	73.39%	73.39%	73.39%	73.39%	73.38%	73.38%	73.38%	73.38%
No. of Shareholders	45,602	43,140	40,271	38,801	40,844	39,725	39,870	39,356	38,653	37,898	37,255	36,692

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12.75%	12.75%	12.75%	12.75%	13.26%	13.26%	17.59%	17.59%	26.58%	26.58%
	0.00%	0.00%	0.00%	0.00%	0.10%	0.10%	0.05%	0.05%	0.03%	0.03%
	87.25%	87.25%	87.25%	87.25%	86.64%	86.64%	82.35%	82.36%	73.39%	73.38%
No. of Shareholders	1,695	1,713	1,652	1,666	8,594	45,458	48,907	38,801	39,356	36,692

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Banas Finance Ltd

Banas Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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