Banas Finance Ltd

Banas Finance Ltd

₹ 10.0 0.50%
12 Jul - close price
About

Banas Finance is engaged in finance, Share Trading, Investments, Consultancy and having interest in Realty business.

Key Points

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).

  • Market Cap 89.8 Cr.
  • Current Price 10.0
  • High / Low 18.8 / 9.26
  • Stock P/E 20.4
  • Book Value 16.2
  • Dividend Yield 0.00 %
  • ROCE 21.0 %
  • ROE 2.85 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.62 times its book value
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 143 days to 81.8 days

Cons

  • Promoter holding is low: 26.6%
  • Company has a low return on equity of 4.55% 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
9 3 34 58 3 -50 -19 3 7 11 17 12 33
5 -0 1 5 3 7 2 10 22 5 4 17 19
Operating Profit 5 3 32 53 0 -57 -21 -6 -15 6 13 -6 13
OPM % 50% 110% 96% 91% 9% -200% -207% 55% 77% -50% 40%
1 0 3 0 0 0 0 0 0 0 4 0 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 5 3 35 53 0 -57 -21 -6 -15 6 17 -6 16
Tax % -31% 0% 0% 0% 11,135% 0% 0% 0% 301% 4% 0% 0% 197%
7 3 35 53 -22 -57 -21 -6 31 6 18 -5 -14
EPS in Rs 0.74 0.33 3.51 5.26 -2.21 -5.95 -2.21 -0.61 3.18 0.68 1.84 -0.55 -1.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8.89 14.45 100.59 20.18 66.64
6.82 4.67 9.20 120.47 39.92
Operating Profit 2.07 9.78 91.39 -100.29 26.72
OPM % 23.28% 67.68% 90.85% -496.98% 40.10%
0.00 0.02 0.36 0.70 7.00
Interest 0.51 0.25 0.11 0.10 0.09
Depreciation 0.00 0.00 0.00 0.00 0.00
Profit before tax 1.56 9.55 91.64 -99.69 33.63
Tax % 23.72% -17.49% 24.30% 45.07% 93.34%
1.20 11.66 69.18 -53.58 4.39
EPS in Rs 0.27 1.16 6.88 -5.58 0.46
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 66%
TTM: 230%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -28%
TTM: 108%
Stock Price CAGR
10 Years: -25%
5 Years: 24%
3 Years: 28%
1 Year: -17%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11.38 25.65 25.65 48.05 48.05
Reserves 69.83 67.33 136.40 104.43 107.79
10.61 11.20 6.90 6.51 6.05
0.15 0.09 19.69 0.34 5.58
Total Liabilities 91.97 104.27 188.64 159.33 167.47
0.03 0.03 0.03 0.02 0.02
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 20.64 45.00 138.69 89.11 111.90
71.30 59.24 49.92 70.20 55.55
Total Assets 91.97 104.27 188.64 159.33 167.47

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5.91 9.02 19.69 -0.83 -5.51
-3.50 -15.34 -5.58 -49.19 7.62
0.44 0.34 -4.42 44.31 -0.55
Net Cash Flow 2.85 -5.98 9.70 -5.70 1.57

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0.00 0.00 0.00 0.00 0.00
Inventory Days 22.46 0.00 0.00 0.00
Days Payable 19.65
Cash Conversion Cycle 2.81 0.00 0.00 0.00 0.00
Working Capital Days 229.51 144.74 38.25 309.11 81.77
ROCE % 10.00% 67.18% -60.74% 21.02%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
13.26% 13.26% 13.26% 13.26% 17.59% 17.59% 17.59% 17.59% 17.59% 17.59% 17.59% 26.58%
0.10% 0.10% 0.10% 0.10% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.03%
86.64% 86.64% 86.64% 86.64% 82.36% 82.35% 82.35% 82.36% 82.37% 82.36% 82.36% 73.39%
No. of Shareholders 8,58810,86145,45841,37954,99651,87848,90745,60243,14040,27138,80141,040

* 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.

Click on the line-items to see the names of individual entities.

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