Banas Finance Ltd - Stock Valuation and Financial Performance

BSE: 509053 | NSE: | Finance - NBFC | Small Cap

Banas Finance Share Price

13.59 -0.60 -4.23%
as on 28-Mar'24 16:01

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Banas Finance stock performance -

mw4me loader
P/E Ratio (SA):
1.39
Market Cap:
66.2 Cr.
52-wk low:
9.8
52-wk high:
25

Is Banas Finance Ltd an attractive stock to invest in?

1. Is Banas Finance Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Banas Finance Ltd is a below average quality company.

2. Is Banas Finance Ltd undervalued or overvalued?

The key valuation ratios of Banas Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Banas Finance Ltd a good buy now?

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.

10 Year X-Ray of Banas Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Banas Finance Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)5.69.48.19.54.213.56.25.311.917.721
YoY Gr. Rt. %-66.6%-13.7%18.1%-56%220.2%-53.9%-14%123.6%48.7%-
Adj EPS (₹ ) 0-1.4-2.5-3.90.1-4.11.33.723.1-11.49.9
YoY Gr. Rt. %--7250%NANANA-4666.7%NA180.5%519%-149.4%-
BVPS (₹ )30.128.626.222.322.44950.230.853.931.635.3
YoY Gr. Rt. %--4.8%-8.7%-14.7%0.4%118.6%2.6%-38.8%75%-41.3%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.1-4-6.1-10.40.3-8.6211.647.8-340

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income13.6%33.4%41.9%48.7%
Adj EPS-302.4%-363.4%-304.7%-149.4%
BVPS0.6%7.1%-14.3%-41.3%
Share Price -24.8% 36.2% 35.1% 35.8%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)0.6-20.4-40.8-53.92.8-40.728.6210.5582-309229.7
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)0.1-4.9-9-15.90.4-11.52.714.154.6-34.928.2

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 29.60%

Total Income has increased 41.91 CAGR in last 3 years

Net Profit has declined -304.65 CAGR in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - Banas Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 9.9 10.3
TTM Sales (₹ Cr.) 20.7 20.7
BVPS (₹.) 35.3 35.1
Reserves (₹ Cr.) 121 120
P/BV 0.39 0.39
PE 1.39 1.34
From the Market
52 Week Low / High (₹) 9.77 / 25.00
All Time Low / High (₹) 0.49 / 617.81
Market Cap (₹ Cr.) 66.2
Equity (₹ Cr.) 48.1
Face Value (₹) 10
Industry PE 31

Management X-Ray of Banas Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Banas Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income5.639.368.099.564.2813.868.9514.90102.7120.88
Interest Income5.629.368.089.544.2013.456.205.3311.9217.72
Other Income 0.0100.010.020.080.412.759.5790.793.16
Expenditure 5.579.7611.2614.704.1421.116.815.3511.07120.57
Interest Expense 0.220.771.031.840.010.420.510.250.110.10
Operating Expenses 5.357.087.4611.782.219.202.511.349.3221.25
Provisions 01.912.771.081.9211.493.793.761.6599.23
Exceptional Items 0-0.0100000000
Profit Before Tax 0.06-0.41-3.17-5.140.14-7.252.149.5591.64-99.69
Taxes 0.021.500.1300.02-1.770.37-1.6722.27-44.93
Profit After Tax 0.03-1.91-3.30-5.140.12-5.471.7711.2269.37-54.76
Adjusted EPS (₹)0.0-1.4-2.5-3.90.1-4.11.33.723.1-11.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital40.0638.1534.8529.7229.8365.2166.9392.42161.79151.82
Share Capital 11.3811.3811.3811.3811.3811.3811.3825.6525.6548.05
Reserves 28.6926.7723.4818.3418.4653.8355.5566.77136.14103.77
Minority Interest0000000000
Long Term Borrowings-0.02-0.01-0.01-0.01-0.01-0.68-0.33-2.0819.68-25.30
Current Liabilities 6.8711.5323.1210.758.7910.1110.7611.296.926.86
Trade Payables0.060000.010.380.070.080.020.03
Short term borrowings6.7811.4620.196.884.859.6610.6111.206.906.51
Other Liabilities-6.84-11.46-20.19-6.88-4.874.233.59-11.29-6.92-6.54
Total Liabilities 46.9249.6757.9740.4538.6188.9191.63101.63188.38133.38

Assets

Non Current Asset 0.060.020.020.020.881.792.081.981.822.21
Loan Asset 0000000000
Other Non Current Asset 0.060.020.020.020.881.792.081.981.822.21
Current Asset 46.8649.6557.9440.4337.7487.1389.5599.65186.56131.17
Current Investment00001.5515.2820.6444.44138.4388.45
Other Current Asset46.8649.6557.9440.4336.1871.8568.9155.2148.1342.71
Total Assets 46.9249.6757.9740.4538.6188.9191.63101.63188.38133.38

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.012.68-0.521.863.724.175.919.0219.69-0.83
Cash Flow From Investing Activity 0000-1.48-0.73-3.50-15.34-5.58-49.19
Cash Flow From Financing Activity -0.22-0.77-1.01-1.83-2.03-0.360.440.34-4.4244.31
Net Cash Flow -0.211.92-1.530.030.203.082.85-5.989.70-5.70
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)00000-52427-11
DPS (₹)0000000000
BVPS (₹)4333265759366332

Performance Ratios

ROA (%)0.1-4.0-6.1-10.40.3-8.62.011.647.8-34.0
ROE (%)0.1-4.9-9.0-15.90.4-11.52.714.154.6-34.9
ROCE (%)0.60.8-4.1-7.20.4-11.02.910.067.4-60.9

Valuation Parameters

Price/Book(x)8.10.70.50.20.20.10.00.20.80.3

Banas Finance Ltd Stock News

Banas Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Banas Finance on 28-Mar-2024 16:01 is ₹13.59.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Banas Finance stood at ₹66.21.
The latest P/E ratio of Banas Finance as of 28-Mar-2024 16:01 is 1.39.
The latest P/B ratio of Banas Finance as of 28-Mar-2024 16:01 is 0.39.
The 52-week high of Banas Finance is ₹25.00 and the 52-week low is ₹9.77.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banas Finance is ₹20.73 ( Cr.) .

About Banas Finance Ltd

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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