Abans Financial Services Ltd
Incorporated in 2009, Abans Financial Services Ltd provides services such as Institutional Broking, Asset Management, Financial Lending, Treasury operations, and Remittance Services[1]
- Market Cap ₹ 1,018 Cr.
- Current Price ₹ 201
- High / Low ₹ 270 / 165
- Stock P/E 8.32
- Book Value ₹ 233
- Dividend Yield 0.00 %
- ROCE 9.71 %
- ROE 10.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 0.86 times its book value
- Company has delivered good profit growth of 23.9% CAGR over last 5 years
- Debtor days have improved from 57.8 to 36.9 days.
- Company's working capital requirements have reduced from 124 days to 75.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.52% 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 Holding Company
Part of BSE Allcap BSE Financial Services
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 4,377 | 2,771 | 1,331 | 645 | 1,163 | 1,380 | 3,281 | 11,069 | |
| 4,321 | 2,675 | 1,250 | 554 | 1,078 | 1,228 | 3,091 | 10,871 | |
| Operating Profit | 57 | 96 | 81 | 91 | 86 | 152 | 190 | 198 |
| OPM % | 1% | 3% | 6% | 14% | 7% | 11% | 6% | 2% |
| 0 | 1 | 0 | 2 | 0 | 0 | 2 | 5 | |
| Interest | 17 | 53 | 31 | 26 | 10 | 52 | 59 | 53 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 38 | 42 | 49 | 66 | 76 | 100 | 132 | 149 |
| Tax % | 6% | 7% | 7% | 7% | 7% | 11% | 18% | |
| 36 | 39 | 46 | 62 | 70 | 89 | 109 | 131 | |
| EPS in Rs | 35,330.00 | 112.89 | 9.04 | 12.25 | 12.92 | 16.30 | 20.15 | 24.21 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 72% |
| TTM: | 553% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 3 | 9 | 9 | 10 | 10 | 10 | 10 |
| Reserves | 370 | 497 | 553 | 622 | 817 | 921 | 1,064 | 1,171 |
| 384 | 319 | 268 | 86 | 441 | 929 | 834 | 735 | |
| 333 | 395 | 352 | 493 | 595 | 1,036 | 1,151 | 1,800 | |
| Total Liabilities | 1,086 | 1,213 | 1,182 | 1,210 | 1,863 | 2,896 | 3,060 | 3,716 |
| 27 | 21 | 20 | 20 | 19 | 21 | 22 | 22 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Investments | 39 | 47 | 60 | 97 | 570 | 1,007 | 974 | 1,120 |
| 1,020 | 1,144 | 1,101 | 1,093 | 1,274 | 1,869 | 2,064 | 2,573 | |
| Total Assets | 1,086 | 1,213 | 1,182 | 1,210 | 1,863 | 2,896 | 3,060 | 3,716 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -126 | 18 | 62 | 149 | 211 | 33 | -119 | |
| 1 | -64 | -4 | -35 | -466 | -446 | 156 | |
| 185 | 22 | 66 | -181 | 418 | 403 | -150 | |
| Net Cash Flow | 59 | -24 | 124 | -67 | 163 | -10 | -112 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 57 | 94 | 176 | 78 | 58 | 37 |
| Inventory Days | 6 | 4 | 7 | 42 | 22 | 18 | 2 |
| Days Payable | 14 | 30 | 17 | 97 | 28 | 13 | 6 |
| Cash Conversion Cycle | 11 | 31 | 85 | 121 | 72 | 63 | 34 |
| Working Capital Days | 55 | 102 | 176 | 319 | 128 | 169 | 75 |
| ROCE % | 11% | 9% | 10% | 8% | 9% | 10% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025.
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Closure of Trading Window
24 Dec 2025 - Trading window closed from Jan 1, 2026 until 48 hours after unaudited Q3/9M results for Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
28 Nov 2025 - Allotment of Equity Shares pursuant to Abans Financial Services Limited ESOP Scheme 2023
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Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
13 Nov 2025 - Expert House resigned; JHS appointed AMED statutory auditor effective Nov 12, 2025 for two years.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov 2025 - Newspaper Advertisement regarding Unaudited Financial Results for quarter and half year ended September 30, 2025
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptAI SummaryPPT
Business Overview:[1]
AFSL used to be a commodities trading
company, but has diversified into a multi-
asset and multinational financial services company mainly segmented under – Agency Business, Finance Business, and Capital
Business. It caters to financial businesses
viz. Institutional Broking, Asset Management, Financial Lending, Treasury operations and Remittance Services.