Banas Finance Ltd

₹ 6.98 -1.55%

17 Sep - 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 ₹ 62.5 Cr.
Current Price ₹ 6.98
High / Low ₹ 9.89 / 5.01
Stock P/E 2.89
Book Value ₹ 15.3
Dividend Yield 0.00 %
ROCE 7.86 %
ROE 7.10 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.45 times its book value
Company's working capital requirements have reduced from 122 days to 76.4 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 26.6%
Company has a low return on equity of 3.32% 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	11.02	17.47	11.58	32.56	6.08	8.20	30.57	4.10	19.49	18.99	13.65	20.81	2.99
	4.95	4.07	17.42	19.45	13.37	18.59	31.09	8.83	10.06	9.84	16.68	10.37	0.12
Operating Profit	6.07	13.40	-5.84	13.11	-7.29	-10.39	-0.52	-4.73	9.43	9.15	-3.03	10.44	2.87
OPM %	55.08%	76.70%	-50.43%	40.26%	-119.90%	-126.71%	-1.70%	-115.37%	48.38%	48.18%	-22.20%	50.17%	95.99%
	0.18	4.04	0.06	2.70	0.05	0.24	0.07	0.13	0.14	0.29	1.89	0.21	0.00
Interest	0.02	0.02	0.00	0.03	0.01	0.00	0.00	0.02	0.01	0.00	0.08	0.04	0.00
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	6.23	17.42	-5.78	15.78	-7.25	-10.15	-0.45	-4.62	9.56	9.44	-1.22	10.61	2.87
Tax %	4.49%	0.00%	0.00%	197.15%	0.00%	1.97%	-44.44%	-251.08%	0.00%	1.06%	0.00%	53.44%	0.00%
	6.50	17.72	-5.24	-14.40	-6.57	-9.53	0.67	8.51	10.63	10.99	-1.14	6.81	4.97
EPS in Rs	0.68	1.84	-0.55	-1.50	-0.73	-1.06	0.07	0.95	1.19	1.23	-0.13	0.76	0.55
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	9	14	101	20	73	43	59	56
	7	5	9	120	40	61	47	37
Operating Profit	2	10	91	-100	33	-18	13	19
OPM %	23%	68%	91%	-497%	45%	-40%	21%	34%
	0	0	0	1	1	0	0	2
Interest	1	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0
Profit before tax	2	10	92	-100	34	-18	12	22
Tax %	24%	-17%	24%	-45%	93%	-66%	47%
	1	12	69	-54	4	0	11	22
EPS in Rs	0.27	1.16	6.88	-5.58	0.46	0.03	1.26	2.41
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	33%
3 Years:	43%
TTM:	-9%

Compounded Profit Growth
10 Years:	%
5 Years:	-1%
3 Years:	30%
TTM:	110%

Stock Price CAGR
10 Years:	7%
5 Years:	9%
3 Years:	-17%
1 Year:	-23%

Return on Equity
10 Years:	%
5 Years:	4%
3 Years:	3%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11	26	26	48	48	90	90
Reserves	70	67	136	104	108	92	48
	11	11	7	7	6	1	1
	0	0	20	0	6	0	0
Total Liabilities	92	104	189	159	167	183	138
	0	0	0	0	0	9	9
CWIP	0	0	0	0	0	0	0
Investments	21	45	139	89	112	128	91
	71	59	50	70	56	46	38
Total Assets	92	104	189	159	167	183	138

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	9	20	-1	-6	-0	24
	-4	-15	-6	-49	8	-39	-26
	0	0	-4	44	-1	36	-0
Net Cash Flow	3	-6	10	-6	2	-2	-2
Free Cash Flow	6	9	20	-1	-6	-0	24
CFO/OP	286%	92%	22%	1%	-15%	0%	194%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	0	0	0	0	0	0	0
Inventory Days	22		0	0	0	0	0
Days Payable	20
Cash Conversion Cycle	3	0	0	0	0	0	0
Working Capital Days	-206	145	38	309	86	205	76
ROCE %		10%	67%	-61%	21%	-10%	8%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Gross Loan Book
Rs. Lakhs ・Standalone data

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

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Stage 3 NPA (Gross Carrying Value)
Rs. Lakhs ・Standalone data

Total Borrowings
Rs. Lakhs ・Standalone data

Total Investments
Rs. Lakhs ・Standalone data

Tier I CRAR
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	17.59%	17.59%	17.59%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%
	0.05%	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	82.37%	82.36%	82.36%	73.39%	73.39%	73.39%	73.39%	73.38%	73.38%	73.38%	73.38%	73.39%
No. of Shareholders	43,140	40,271	38,801	40,844	39,725	39,870	39,356	38,653	37,898	37,255	36,692	36,206

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	12.75%	12.75%	12.75%	12.75%	13.26%	13.26%	17.59%	17.59%	26.58%	26.58%	26.58%
	0.00%	0.00%	0.00%	0.00%	0.10%	0.10%	0.05%	0.05%	0.03%	0.03%	0.03%
	87.25%	87.25%	87.25%	87.25%	86.64%	86.64%	82.35%	82.36%	73.39%	73.38%	73.39%
No. of Shareholders	1,695	1,713	1,652	1,666	8,594	45,458	48,907	38,801	39,356	36,692	36,206

* 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

Documents

Announcements

Annual reports