Banas Finance

₹11 0.4 | 3.3%

WEBSITE BSE:509053 NSE : BANAS FIN. 18 May, 12:50

Market Cap ₹105 Cr.

Stock P/E 1.4

P/B 0.5

Current Price ₹11

Book Value ₹ 22.5

Face Value 10

52W High ₹18.8

Dividend Yield 0%

52W Low ₹ 9.9

Edit Ratio

Banas Finance Research see more...

Overview Inc. Year: 1983Industry: Finance - NBFC

Banas Finance Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Banas Finance Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	34	58	3	8	-20	2	7	11	17	12
Other Income	3	0	0	0	0	1	0	0	4	0
Total Income	37	59	3	8	-19	3	7	11	22	12
Total Expenditure	1	5	3	65	2	10	22	5	4	17
Operating Profit	35	53	0	-57	-21	-6	-15	6	17	-6
Interest Expense	0	0	0	0	0	0	0	0	0	-0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	35	53	0	-57	-21	-6	-15	6	17	-6
Provision for Tax	0	0	22	0	0	0	-45	0	0	0
Profit After Tax	35	53	-22	-57	-21	-6	30	6	17	-6
Adjustments	0	-0	-0	-0	-0	1	1	1	0	1
Profit After Adjustments	35	53	-22	-57	-21	-6	31	6	18	-5
Adjusted Earnings Per Share	8.8	13.2	-5.6	-16.9	-3.3	-0.9	4.8	1	2.8	-0.8

Banas Finance Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	6	5	12	18	47
Other Income	3	10	91	3	4
Total Income	9	15	103	21	52
Total Expenditure	6	5	11	120	48
Operating Profit	3	10	92	-100	2
Interest Expense	1	0	0	0	0
Depreciation	0	0	0	0	0
Profit Before Tax	2	10	92	-100	2
Provision for Tax	0	-2	22	-45	-45
Profit After Tax	2	11	69	-55	47
Adjustments	0	0	-0	1	3
Profit After Adjustments	2	12	69	-54	50
Adjusted Earnings Per Share	1	2.9	17.3	-8.4	7.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	44%	0%	0%
Operating Profit CAGR	-209%	NAN%	0%	0%
PAT CAGR	-180%	NAN%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-4%	40%	37%	-27%
ROE Average	-35%	11%	9%	9%
ROCE Average	-61%	5%	5%	5%

Banas Finance Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	81	93	162	152
Minority's Interest	0	0	0	0
Borrowings	0	0	0	0
Current Liability	11	11	7	7
Other Liabilities & Provisions	-0	-2	20	-25
Total Liabilities	92	102	189	134
Loans	0	0	0	0
Investments	0	0	0	0
Fixed Assets	0	0	0	0
Other Loans	2	2	2	2
Other Non Current Assets	0	0	0	0
Current Assets	90	100	187	132
Total Assets	92	102	189	134

Banas Finance Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	5	7	2	11
Cash Flow from Operating Activities	6	9	20	-1
Cash Flow from Investing Activities	-3	-15	-6	-49
Cash Flow from Financing Activities	0	0	-4	44
Net Cash Inflow / Outflow	3	-6	10	-6
Closing Cash & Cash Equivalent	7	2	11	5

Banas Finance Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1	2.92	17.34	-8.4
CEPS(Rs)	1	2.81	17.39	-8.58
DPS(Rs)	0	0	0	0
Book NAV/Share(Rs)	37.83	23.31	40.63	23.9
Net Profit Margin	28.58	210.54	581.95	-308.97
Operating Margin	42.72	183.92	769.73	-561.91
PBT Margin	34.49	179.17	768.82	-562.46
ROA(%)	1.93	11.58	47.7	-33.94
ROE(%)	2.65	14.03	54.4	-34.82
ROCE(%)	2.89	10	67.18	-60.74
Price/Earnings(x)	0.71	1.37	1.9	0
Price/Book(x)	0.02	0.17	0.81	0.32
Dividend Yield(%)	0	0	0	0
EV/Net Sales(x)	0.69	4.79	10.67	2.8
EV/Core EBITDA(x)	1.61	2.6	1.39	-0.5
Interest Earned Growth(%)	0	-14.09	123.71	48.7
Net Profit Growth	0	532.92	518.37	-178.95
EPS Growth(%)	0	191.77	493.34	-148.42
Interest Coverage(x) %	5.19	38.72	839.42	-1033.13

Banas Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.26	13.26	13.26	17.59	17.59	17.59	17.59	17.59	17.59	17.59
FII	0	0	0	0	0	0	0	0	0	0
DII	0.1	0.1	0.1	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Public	86.64	86.64	86.64	82.36	82.36	82.36	82.36	82.36	82.36	82.36
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.34	0.34	0.34	0.85	0.85	0.85	0.85	0.85	0.85	0.85
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	2.22	2.22	2.22	3.96	3.96	3.96	3.96	3.96	3.96	3.96
Others	0	0	0	0	0	0	0	0	0	0
Total	2.56	2.56	2.56	4.8	4.8	4.8	4.8	4.8	4.8	4.8

Pros

Stock is trading at 0.5 times its book value
Debtor days have improved from 2.14 to 0.46days.
Company is almost debt free.

Cons

Promoter holding is low: 17.59%.
Company has a low return on equity of 11% 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.