Abans Holdings

₹409.9 0.6 | 0.1%

WEBSITE BSE:543712 NSE : AHL 10 May, 16:01

Market Cap ₹2055 Cr.

Stock P/E 24.7

P/B 2.3

Current Price ₹409.9

Book Value ₹ 179.4

Face Value 2

52W High ₹444.9

Dividend Yield 0%

52W Low ₹ 252.1

Edit Ratio

Abans Holdings Research see more...

Overview Inc. Year: 2009Industry: Finance - NBFC

Abans Holdings Ltd is a Sri Lankan-based conglomerate that operates in a variety of industries including retail, real estate, finance, and logistics. The company was founded in 1968 and has since grown to become one of Sri Lanka's largest corporations with a diverse portfolio of businesses. Abans Holdings Ltd's retail division operates a chain of stores selling consumer electronics, home appliances, and furniture. The company also has a real estate division that develops and manages commercial and residential properties in Sri Lanka. In addition, Abans Holdings Ltd has a finance division that offers leasing and hire purchase services, as well as a logistics division that provides warehousing, transportation, and distribution services. The company is known for its strong brand and customer-centric approach to business.

Abans Holdings Share Price

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Peer Comparison

Abans Holdings Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	252	259	570	251	359	501
Other Income	3	7	3	4	6	6
Total Income	255	266	573	255	366	507
Total Expenditure	235	244	545	218	327	468
Operating Profit	20	22	28	37	39	39
Interest	2	5	2	13	14	13
Depreciation	0	0	0	0	0	0
Exceptional Income / Expenses	-0	0	0	0	0	0
Profit Before Tax	18	18	25	24	25	26
Provision for Tax	-1	2	3	3	1	2
Profit After Tax	19	15	23	21	23	24
Adjustments	-2	-1	-2	-2	-2	-2
Profit After Adjustments	17	14	21	19	21	22
Adjusted Earnings Per Share	3.7	2.8	4.2	3.8	4.3	4.3

Abans Holdings Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	267	968	4371	2765	1326	639	1151	1681
Other Income	8	5	6	7	6	8	13	19
Total Income	274	973	4378	2772	1332	646	1164	1701
Total Expenditure	228	924	4321	2675	1250	554	1078	1558
Operating Profit	47	49	57	97	82	92	86	143
Interest	20	20	17	53	31	26	10	42
Depreciation	1	1	2	1	1	1	1	0
Exceptional Income / Expenses	0	0	0	0	0	0	-0	0
Profit Before Tax	26	28	38	42	49	66	76	100
Provision for Tax	2	2	2	3	3	4	6	9
Profit After Tax	25	26	36	39	46	62	70	91
Adjustments	0	0	-1	-4	-4	-5	-6	-8
Profit After Adjustments	25	26	35	35	42	57	65	83
Adjusted Earnings Per Share	5.5	5.8	7.8	7.5	9	12.2	12.9	16.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	80%	-25%	4%	0%
Operating Profit CAGR	-7%	-4%	12%	0%
PAT CAGR	13%	22%	22%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	61%	NA%	NA%	NA%
ROE Average	10%	10%	10%	14%
ROCE Average	9%	10%	11%	13%

Abans Holdings Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	102	133	370	500	562	631	827
Minority's Interest	6	185	46	90	98	105	78
Borrowings	84	8	2	161	199	34	106
Other Non-Current Liabilities	0	0	38	17	6	5	5
Total Current Liabilities	203	153	630	445	317	435	848
Total Liabilities	395	478	1085	1213	1182	1210	1863
Fixed Assets	15	21	27	21	20	20	19
Other Non-Current Assets	0	1	40	49	60	91	229
Total Current Assets	380	457	1019	1143	1101	1099	1615
Total Assets	395	478	1085	1213	1182	1210	1863

Abans Holdings Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	87	54	50	108	84	209	142
Cash Flow from Operating Activities	-47	-94	-126	18	62	149	253
Cash Flow from Investing Activities	-58	48	-21	-14	-3	-38	-463
Cash Flow from Financing Activities	72	41	185	22	66	-181	418
Net Cash Inflow / Outflow	-33	-4	38	26	125	-70	208
Closing Cash & Cash Equivalent	54	50	108	84	209	142	351

Abans Holdings Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.48	5.77	7.82	7.53	9.04	12.25	12.92
CEPS(Rs)	0	0	0	8.77	10.12	13.5	14.15
DPS(Rs)	0	0	0	0	0	0	0
Book NAV/Share(Rs)	22.61	29.36	81.86	107.81	121.25	136.18	164.89
Core EBITDA Margin(%)	14.68	4.51	1.16	3.26	5.69	13.21	6.37
EBIT Margin(%)	17.28	4.97	1.26	3.46	6.07	14.36	7.44
Pre Tax Margin(%)	9.85	2.89	0.88	1.53	3.7	10.36	6.6
PAT Margin (%)	9.25	2.69	0.83	1.42	3.45	9.68	6.11
Cash Profit Margin (%)	9.51	2.78	0.88	1.47	3.54	9.8	6.16
ROA(%)	6.24	5.96	4.64	3.42	3.82	5.17	4.58
ROE(%)	24.18	22.2	14.44	9.03	8.63	10.37	9.64
ROCE(%)	15.53	20.15	11.77	12.16	9.76	11.86	8.63
Receivable days	101.91	51.23	18.07	44.15	106.87	186.68	88.7
Inventory Days	17.76	10.38	4.61	6.41	7.17	23.83	19.24
Payable days	102.69	24.64	9.7	26.54	42.25	67.36	38.26
PER(x)	0	0	0	0	0	0	16.34
Price/Book(x)	0	0	0	0	0	0	1.28
Dividend Yield(%)	0	0	0	0	0	0	0
EV/Net Sales(x)	0.53	-0	0.06	0.09	0.05	-0.07	1
EV/Core EBITDA(x)	3.01	-0.03	4.82	2.45	0.84	-0.51	13.3
Net Sales Growth(%)	0	262.83	351.64	-36.74	-52.06	-51.82	80.23
EBIT Growth(%)	0	4.41	14.23	73.9	-15.88	14.02	-6.59
PAT Growth(%)	0	5.53	39.19	8.3	16.63	35.04	13.67
EPS Growth(%)	0	5.3	35.49	-3.82	20.13	35.47	5.49
Debt/Equity(x)	1.91	0.36	1.04	0.64	0.48	0.14	0.53
Current Ratio(x)	1.87	2.99	1.62	2.57	3.48	2.53	1.9
Quick Ratio(x)	1.81	2.74	1.51	2.5	3.4	2.39	1.83
Interest Cover(x)	2.33	2.39	3.32	1.8	2.57	3.59	8.85
Total Debt/Mcap(x)	0	0	0	0	0	0	0.42

Abans Holdings Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.09	72.09	72.09	71.94	71.94	72.09
FII	7.7	11.25	12.4	11.72	11.58	11.47
DII	1.48	1.48	1.48	0	0	0
Public	18.73	15.18	14.03	16.34	16.48	16.44
Others	0	0	0	0	0	0
Total	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.61	3.61	3.61	3.61	3.61	3.61
FII	0.39	0.56	0.62	0.59	0.58	0.58
DII	0.07	0.07	0.07	0	0	0
Public	0.94	0.76	0.7	0.82	0.83	0.82
Others	0	0	0	0	0	0
Total	5.01	5.01	5.01	5.01	5.01	5.01

Pros

Company has delivered good profit growth of 21% CAGR over last 5 years
Debtor days have improved from 67.36 to 38.26days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Company has a low return on equity of 10% over the 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.