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 ₹ 1,040 Cr.
- Current Price ₹ 203
- High / Low ₹ 388 / 165
- Stock P/E 8.50
- 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 0.87 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
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: | % |
| 1 Year: | -46% |
| 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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Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
13 Nov - 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 - Newspaper Advertisement regarding Unaudited Financial Results for quarter and half year ended September 30, 2025
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Regulation 30 Of SEBI (LODR) Regulations, 2015
11 Nov - Approved Q2/H1 results: consolidated H1 profit Rs7,453.89 lakhs; revised insider code; KMP authorization updated.
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Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
11 Nov - Approved unaudited Q2/H1 results to Sep 30, 2025; consolidated H1 PAT Rs 7,453.89 lakhs; revised insider code; CEO authorised.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On November 11, 2025
11 Nov - Approved unaudited Q2/H1 Sep 30,2025 standalone and consolidated results; CEO authorized; revised insider code; trading window closed.
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 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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.