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 / 172
- Stock P/E 7.92
- 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 | 16,283 | |
| 4,321 | 2,675 | 1,250 | 554 | 1,078 | 1,228 | 3,091 | 16,093 | |
| Operating Profit | 57 | 96 | 81 | 91 | 86 | 152 | 190 | 190 |
| OPM % | 1% | 3% | 6% | 14% | 7% | 11% | 6% | 1% |
| 0 | 1 | 0 | 2 | 0 | 0 | 2 | 6 | |
| Interest | 17 | 53 | 31 | 26 | 10 | 52 | 59 | 45 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 38 | 42 | 49 | 66 | 76 | 100 | 132 | 150 |
| Tax % | 6% | 7% | 7% | 7% | 7% | 11% | 18% | |
| 36 | 39 | 46 | 62 | 70 | 89 | 109 | 139 | |
| EPS in Rs | 35,330.00 | 112.89 | 9.04 | 12.25 | 12.92 | 16.30 | 20.15 | 25.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 72% |
| TTM: | 559% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| 1 Year: | 12% |
| 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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| NBFC Loan Book ₹ in lakhs |
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| Assets Under Management (AUM) - Consolidated ₹ in lakhs |
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| Number of Clients Count |
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| Number of Distributors Count |
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| AUM - Portfolio Management Services (PMS) ₹ in crores |
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| Payment Processing Transaction Value (UK Subsidiary) USD Millions |
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Documents
Announcements
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Newspaper Advertisement
1d - Published ad for SEBI special demat window Feb 05, 2026–Feb 04, 2027 for pre-April 1, 2019 securities.
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Announcement Under Reg 30 Of SEBI LODR Regulations, 2015
17 Mar - GST demand Rs.25,21,25,046 for FY2019-20 issued to material subsidiary; company to appeal.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Feb - Newspaper Advertisement of Notice of Postal Ballot
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
24 Feb - Postal ballot: MD and independent director reappointments; multiple material RPTs up to Rs.1,94,500 lakhs. Voting Feb26–Mar27,2026.
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Announcement under Regulation 30 (LODR)-Change in Management
20 Feb - Board re-appointed Abhishek Bansal MD (Jun 18, 2026–Jun 17, 2031) and Ashima Chhatwal ID (Jul 12, 2026–Jul 11, 2031).
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.