Banas Finance Ltd

Banas Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Banas Finance Ltd

₹ 10.9 -1.97%
22 Nov - close price
banasfinance.wordpress.com BSE: 509053
About

Banas Finance is engaged in finance, Share Trading, Investments, Consultancy and having interest in Realty business.

Key Points

Overview and History[1]
The Company was incorporated as Pioneer Leasing Company Limited in 1983 and their name was changed to “M/s Banas Finance Limited” in 1986. In 1999 Company made an application to Reserve Bank of India for conversion into Non Banking Finance Company.

Currently, M/s. Banas Finance Limited is Non Banking Finance Company with the main object of purchase, leasing, factoring, financing of hire-purchase,lease of all kinds of plants and machineries, motor vehicles, motor boats, trawlers, launches,ships, vessels, helicopters, aircrafts, automobiles, computers or any other equipment. It provides finance to carry on business as investors and dealers in shares, stocks and securities, capitalists, financiers, concessionaires and to undertake, carry on and execute all kinds of financial, commercial and trading operations (except banking and insurance business).

Website BSE
  • Market Cap ₹ 97.9 Cr.
  • Current Price ₹ 10.9
  • High / Low ₹ 17.8 / 8.82
  • Stock P/E
  • Book Value ₹ 19.9
  • Dividend Yield 0.00 %
  • ROCE 21.2 %
  • ROE 1.47 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.55 times its book value
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 144 days to 85.5 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 26.6%
  • Company has a low return on equity of 3.86% 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
34 58 3 -50 -20 2 7 11 17 12 33 6 8
1 5 3 7 2 10 22 5 4 16 19 13 19
Operating Profit 32 53 0 -57 -22 -7 -15 6 13 -5 13 -7 -10
OPM % 96% 91% 9% -298% -207% 55% 77% -39% 40% -120% -127%
3 0 0 0 0 1 0 0 4 0 3 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 35 53 0 -57 -21 -6 -15 6 17 -4 16 -7 -10
Tax % 0% 0% 11,135% 0% 0% 0% -301% 4% 0% 30% 197% 0% 2%
35 53 -22 -57 -21 -6 30 6 17 -6 -15 -7 -10
EPS in Rs 3.50 5.28 -2.20 -5.96 -2.20 -0.67 3.13 0.62 1.81 -0.60 -1.59 -0.81 -1.16
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3 6 7 8 10 4 14 9 14 101 20 73 58
3 5 7 10 13 4 21 7 5 9 120 40 67
Operating Profit 0 0 0 -2 -3 0 -7 2 10 91 -100 33 -9
OPM % 2% 5% 5% -27% -35% 3% -49% 23% 68% 91% -497% 45% -16%
0 0 -0 0 0 0 0 0 0 0 1 1 3
Interest 0 0 1 1 2 0 0 1 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 -0 -3 -5 0 -7 2 10 92 -100 34 -6
Tax % 200% 33% 366% 4% 0% 14% -24% 24% -17% 24% -45% 93%
-0 0 -2 -3 -5 0 -5 1 11 69 -55 2 -39
EPS in Rs -0.00 0.01 -0.43 -0.74 -1.15 0.03 -1.22 0.27 1.12 6.90 -5.70 0.23 -4.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 29%
5 Years: 39%
3 Years: 72%
TTM: 53%
Compounded Profit Growth
10 Years: 54%
5 Years: 19%
3 Years: -41%
TTM: -182%
Stock Price CAGR
10 Years: -19%
5 Years: 33%
3 Years: -16%
1 Year: -27%
Return on Equity
10 Years: 2%
5 Years: 5%
3 Years: 4%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 26 26 48 48 90
Reserves 29 29 27 23 18 18 68 70 67 136 104 106 88
0 7 11 20 7 5 10 11 11 7 7 6 4
0 0 0 3 4 4 0 0 0 20 0 6 6
Total Liabilities 40 47 50 58 40 39 90 92 104 188 159 166 187
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 2 15 21 44 138 88 110 107
40 47 50 58 40 37 74 71 59 50 70 56 81
Total Assets 40 47 50 58 40 39 90 92 104 188 159 166 187

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-20 0 3 -1 2 4 4 6 9 20 -1 -6
0 0 0 0 0 -1 -1 -4 -15 -6 -49 8
20 -0 -1 -1 -2 -2 -0 0 0 -4 44 -1
Net Cash Flow 0 -0 2 -2 0 0 3 3 -6 10 -6 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 589 524 235 535 117 0 9 22 0 0 0
Days Payable 3 4 0 0 0 19 20
Cash Conversion Cycle 587 520 235 535 117 0 -9 3 0 0 0 0
Working Capital Days 4,416 3,003 2,306 2,440 1,362 -32 137 230 145 38 309 86
ROCE % 0% 1% 1% -4% -7% 0% -11% 2% 10% 67% -61% 21%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
13.26% 13.26% 13.26% 17.59% 17.59% 17.59% 17.59% 17.59% 17.59% 17.59% 26.58% 26.58%
0.10% 0.10% 0.10% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.03% 0.03%
86.64% 86.64% 86.64% 82.36% 82.35% 82.35% 82.36% 82.37% 82.36% 82.36% 73.39% 73.39%
No. of Shareholders 10,86145,45841,37954,99651,87848,90745,60243,14040,27138,80141,04039,725

* 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.

Click on the line-items to see the names of individual entities.

Documents

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