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BSE: 509053 | NSE: | Finance - NBFC | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Banas Finance Ltd is a below average quality company.
The key valuation ratios of Banas Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Banas Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 5.6 | 9.4 | 8.1 | 9.5 | 4.2 | 13.5 | 6.2 | 5.3 | 11.9 | 17.7 | 21 | |
| YoY Gr. Rt. % | - | 66.6% | -13.7% | 18.1% | -56% | 220.2% | -53.9% | -14% | 123.6% | 48.7% | - | |
| Adj EPS (₹ ) | 0 | -1.1 | -1.9 | -2.9 | 0.1 | -3.1 | 1 | 2.8 | 17.4 | -8.6 | 5 | |
| YoY Gr. Rt. % | - | -5500% | NA | NA | NA | -4514.3% | NA | 181% | 518.9% | -149.3% | - | |
| BVPS (₹ ) | 22.6 | 21.6 | 19.7 | 16.8 | 16.9 | 36.9 | 37.8 | 23.2 | 40.6 | 23.8 | 22.6 | |
| YoY Gr. Rt. % | - | -4.8% | -8.6% | -14.7% | 0.4% | 118.6% | 2.6% | -38.8% | 75.1% | -41.4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.1 | -4 | -6.1 | -10.4 | 0.3 | -8.6 | 2 | 11.6 | 47.8 | -34 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 13.6% | 33.4% | 41.9% | 48.7% | ||||||||
| Adj EPS | -296.1% | -361.6% | -304.7% | -149.3% | ||||||||
| BVPS | 0.6% | 7.1% | -14.3% | -41.4% | ||||||||
| Share Price | -22.3% | 48.4% | 67.4% | 66.7% | ||||||||
| RATIOS \ YEARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 0.6 | -20.4 | -40.8 | -53.9 | 2.8 | -40.7 | 28.6 | 210.5 | 582 | -309 | 229.9 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0.1 | -4.9 | -9 | -15.9 | 0.4 | -11.5 | 2.7 | 14.1 | 54.6 | -34.9 | 22 | |
Return on Equity has increased versus last 3 years average to 21.40%
Total Income has increased 41.91 CAGR in last 3 years
Net Profit has declined -304.72 CAGR in last 3 years
Total income growth is poor in last 4 quarters
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5 | 5.2 |
| TTM Sales (₹ Cr.) | 20.7 | 20.7 |
| BVPS (₹.) ⓘ | 22.6 | 22.5 |
| Reserves (₹ Cr.) ⓘ | 121 | 120 |
| P/BV ⓘ | 0.73 | 0.73 |
| PE ⓘ | 3.31 | 3.19 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 9.04 / 18.83 |
| All Time Low / High (₹) | 0.37 / 465.23 |
| Market Cap (₹ Cr.) | 158 |
| Equity (₹ Cr.) | 96.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 29.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 6 | 9 | 8 | 10 | 4 | 14 | 9 | 15 | 103 | 21 |
| Interest Income | 6 | 9 | 8 | 10 | 4 | 13 | 6 | 5 | 12 | 18 |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 10 | 91 | 3 |
| Expenditure ⓘ | 6 | 10 | 11 | 15 | 4 | 21 | 7 | 5 | 11 | 121 |
| Interest Expense ⓘ | 0 | 1 | 1 | 2 | 0 | 0 | 1 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 5 | 7 | 7 | 12 | 2 | 9 | 3 | 1 | 9 | 21 |
| Provisions | 0 | 2 | 3 | 1 | 2 | 11 | 4 | 4 | 2 | 99 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | -3 | -5 | 0 | -7 | 2 | 10 | 92 | -100 |
| Taxes ⓘ | 0 | 2 | 0 | 0 | 0 | -2 | 0 | -2 | 22 | -45 |
| Profit After Tax | 0 | -2 | -3 | -5 | 0 | -5 | 2 | 11 | 69 | -55 |
| Adjusted EPS (₹) | 0.0 | -1.1 | -1.9 | -2.9 | 0.1 | -3.1 | 1.0 | 2.8 | 17.4 | -8.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 40 | 38 | 35 | 30 | 30 | 65 | 67 | 92 | 162 | 152 |
| Share Capital ⓘ | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 26 | 26 | 48 |
| Reserves ⓘ | 29 | 27 | 23 | 18 | 18 | 54 | 56 | 67 | 136 | 104 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -2 | 20 | -25 |
| Current Liabilities | 7 | 12 | 23 | 11 | 9 | 10 | 11 | 11 | 7 | 7 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short term borrowings | 7 | 11 | 20 | 7 | 5 | 10 | 11 | 11 | 7 | 7 |
| Other Liabilities | -7 | -11 | -20 | -7 | -5 | 4 | 4 | -11 | -7 | -7 |
| Total Liabilities ⓘ | 47 | 50 | 58 | 40 | 39 | 89 | 92 | 102 | 188 | 133 |
Assets | ||||||||||
| Non Current Asset | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 2 | 2 |
| Current Asset | 47 | 50 | 58 | 40 | 38 | 87 | 90 | 100 | 187 | 131 |
| Current Investment | 0 | 0 | 0 | 0 | 2 | 15 | 21 | 44 | 138 | 88 |
| Other Current Asset | 47 | 50 | 58 | 40 | 36 | 72 | 69 | 55 | 48 | 43 |
| Total Assets ⓘ | 47 | 50 | 58 | 40 | 39 | 89 | 92 | 102 | 188 | 133 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 0 | 0 | 0 | 0 | 0 | -5 | 2 | 4 | 27 | -11 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 4 | 3 | 3 | 3 | 26 | 57 | 59 | 36 | 63 | 32 |
Performance Ratios | ||||||||||
| ROA (%) | 0.1 | -4.0 | -6.1 | -10.4 | 0.3 | -8.6 | 2.0 | 11.6 | 47.8 | -34.0 |
| ROE (%) | 0.1 | -4.9 | -9.0 | -15.9 | 0.4 | -11.5 | 2.7 | 14.1 | 54.6 | -34.9 |
| ROCE (%) | 0.6 | 0.8 | -4.1 | -7.2 | 0.4 | -11.0 | 2.9 | 10.0 | 67.4 | -60.9 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 8.1 | 0.7 | 0.5 | 0.2 | 0.2 | 0.1 | 0.0 | 0.2 | 0.8 | 0.3 |
Banas Finance was incorporated on June 6, 1983, as Pioneer Leasing Company. With the object of Finance & Investment related activities. The name of the company had been changed from Pioneer Leasing Company to Banas Finance with effect from August 28, 1986.
This BSE listed company is managed by the board of directors comprising persons with good business and commercial experience headed by Girraj Kishor Agrawal, who is professionally a Chartered Accountant, who is looking after the Finance and Administration. Besides the members of the Board, the company have a team of professionals having vast experience in Management, Technical, Finance and operation.
Business area of the company
The company is engaged in finance, Share Trading, Investments, Consultancy and having interest in Realty business which is fast growing.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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