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 ₹ 1,023 Cr.
- Current Price ₹ 202
- High / Low ₹ 270 / 173
- Stock P/E 7.95
- 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: | -2% |
| 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 |
| Free Cash Flow | -128 | 14 | 62 | 149 | 211 | 32 | -121 |
| CFO/OP | -215% | 21% | 80% | 168% | 252% | 29% | -52% |
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 |
|
||
| Assets Under Management (AUM) - Consolidated ₹ in lakhs |
|||
| Number of Clients Count |
|||
| Number of Distributors Count |
|||
| AUM - Portfolio Management Services (PMS) ₹ in crores |
|||
| Payment Processing Transaction Value (UK Subsidiary) USD Millions |
|||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of Equity Shares pursuant to Abans Financial Services Limited ESOP Scheme 2023
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under Regulation 74(5) of SEBI DP Regulations, 2018 for the quarter ended March 31, 2026
-
Announcement under Regulation 30 (LODR)-Change in Management
30 Mar - Re-appointed MD Abhishek Bansal (18 Jun 2026–17 Jun 2031) and Independent Director Ashima Chhatwal (12 Jul 2026–11 Jul 2031).
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
30 Mar - Postal ballot approves MD reappointment (five years from June 18, 2026), ID reappointment (July 12, 2026), and 45 related-party transactions.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
30 Mar - E-vote: 45 resolutions passed; MD Abhishek Bansal reappointed from June 18, 2026; Independent director reappointed.
Annual reports
Concalls
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
Jun 2024TranscriptAI SummaryPPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT
-
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.