Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:02 pm

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
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Banas Finance Ltd

Competitors of Banas Finance Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Nam Securities Ltd	85.7 Cr.	159	198/62.8	238	21.2	0.00 %	4.16 %	3.05 %	10.0
Naperol Investments Ltd	828 Cr.	1,441	2,041/801	845	3,204	0.00 %	0.08 %	0.05 %	10.0
Inani Securities Ltd	14.1 Cr.	31.0	42.0/20.5	9.75	42.2	0.00 %	10.6 %	6.92 %	10.0
HCKK Ventures Ltd	43.5 Cr.	117	154/77.4	241	11.5	0.00 %	8.17 %	6.44 %	10.0
HB Portfolio Ltd	108 Cr.	101	177/57.0	14.6	279	0.99 %	3.34 %	2.90 %	10.0
Industry Average	7,266.51 Cr	2,238.71		76.51	5,594.83	0.28%	15.23%	17.14%	7.45

All Competitor Stocks of Banas Finance Ltd

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	2.93	33.63	58.45	2.78	-50.47	-19.84	2.42	7.24	11.02	17.40	11.58	32.56	6.07
Expenses	-0.28	1.37	5.43	2.53	6.75	1.70	9.63	22.22	4.95	4.06	16.09	19.45	13.36
Operating Profit	3.21	32.26	53.02	0.25	-57.22	-21.54	-7.21	-14.98	6.07	13.34	-4.51	13.11	-7.29
OPM %	109.56%	95.93%	90.71%	8.99%			-297.93%	-206.91%	55.08%	76.67%	-38.95%	40.26%	-120.10%
Other Income	0.00	2.97	0.05	0.00	0.00	0.45	0.79	0.06	0.18	4.10	0.06	2.70	0.05
Interest	0.00	0.04	0.02	0.05	0.03	0.04	0.00	0.02	0.02	0.02	0.00	0.03	0.01
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	3.21	35.19	53.05	0.20	-57.25	-21.13	-6.42	-14.94	6.23	17.42	-4.45	15.78	-7.25
Tax %	0.00%	0.00%	0.00%	11,135.00%	0.00%	0.00%	0.00%	-301.07%	4.49%	0.00%	29.89%	197.15%	0.00%
Net Profit	3.21	35.18	53.05	-22.07	-57.25	-21.13	-6.42	30.04	5.95	17.42	-5.78	-15.32	-7.25
EPS in Rs	0.32	3.50	5.28	-2.20	-5.96	-2.20	-0.67	3.13	0.62	1.81	-0.60	-1.59	-0.81

Last Updated: October 7, 2024, 8:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	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
Sales	3	6	7	8	10	4	14	9	14	101	20	73	68
Expenses	3	5	7	10	13	4	21	7	5	9	120	40	53
Operating Profit	0	0	0	-2	-3	0	-7	2	10	91	-100	33	15
OPM %	2%	5%	5%	-27%	-35%	3%	-49%	23%	68%	91%	-497%	45%	22%
Other Income	0	0	-0	0	0	0	0	0	0	0	1	1	7
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	22
Tax %	200%	33%	366%	4%	0%	14%	-24%	24%	-17%	24%	-45%	93%
Net Profit	-0	0	-2	-3	-5	0	-5	1	11	69	-55	2	-11
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	-1.19
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-50.00%	-66.67%	100.00%	120.00%	1000.00%	527.27%	-179.71%	103.64%
Change in YoY Net Profit Growth (%)	0.00%	-16.67%	166.67%	20.00%	880.00%	-472.73%	-706.98%	283.35%

Banas Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2015-2016 to 2023-2024.

Growth

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:	-17%
1 Year:	-27%

Return on Equity
10 Years:	2%
5 Years:	5%
3 Years:	4%
Last Year:	1%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:45 pm

Month	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
Borrowings	0	7	11	20	7	5	10	11	11	7	7	6	4
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-20	0	3	-1	2	4	4	6	9	20	-1	-6
Cash from Investing Activity +	0	0	0	0	0	-1	-1	-4	-15	-6	-49	8
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	0.00	-7.00	-11.00	-22.00	-10.00	-5.00	-17.00	-9.00	-1.00	84.00	-107.00	27.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	13.26%	13.26%	13.26%	17.59%	17.59%	17.59%	17.59%	17.59%	17.59%	17.59%	26.58%	26.58%
DIIs	0.10%	0.10%	0.10%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.03%	0.03%
Public	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	10,861	45,458	41,379	54,996	51,878	48,907	45,602	43,140	40,271	38,801	41,040	39,725

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.91	-11.15	26.97	4.55	1.05
Diluted EPS (Rs.)	0.91	-11.15	26.97	4.55	0.47
Cash EPS (Rs.)	0.46	-11.40	27.05	4.37	1.05
Book Value[Excl.RevalReserv]/Share (Rs.)	32.44	31.74	63.18	36.25	71.38
Book Value[Incl.RevalReserv]/Share (Rs.)	32.44	31.74	63.18	36.25	71.38
Revenue From Operations / Share (Rs.)	8.56	3.69	4.65	2.08	5.45
PBDIT / Share (Rs.)	7.02	-20.73	35.77	3.82	1.82
PBIT / Share (Rs.)	7.02	-20.73	35.77	3.82	1.82
PBT / Share (Rs.)	7.00	-20.75	35.73	3.72	1.37
Net Profit / Share (Rs.)	0.46	-11.40	27.04	4.37	1.05
NP After MI And SOA / Share (Rs.)	0.91	-11.31	26.93	4.54	1.05
PBDIT Margin (%)	81.95	-561.89	769.86	183.96	33.44
PBIT Margin (%)	81.95	-561.91	769.84	183.92	33.41
PBT Margin (%)	81.74	-562.45	768.92	179.17	25.18
Net Profit Margin (%)	5.46	-308.96	582.03	210.53	19.27
NP After MI And SOA Margin (%)	10.68	-306.69	579.48	218.82	19.27
Return on Networth / Equity (%)	2.81	-35.64	42.61	12.53	1.47
Return on Capital Employeed (%)	20.90	-65.31	50.48	10.53	2.54
Return On Assets (%)	2.62	-34.11	36.60	11.18	1.29
Total Debt / Equity (X)	0.03	0.04	0.04	0.12	0.13
Asset Turnover Ratio (%)	0.25	0.10	0.08	0.05	0.00
Current Ratio (X)	26.74	19.23	27.01	8.88	8.38
Quick Ratio (X)	26.74	19.23	27.01	8.88	8.38
Interest Coverage Ratio (X)	386.26	-1033.10	839.44	38.73	4.07
Interest Coverage Ratio (Post Tax) (X)	26.76	-567.06	635.64	45.32	3.34
Enterprise Value (Cr.)	65.09	49.68	127.17	25.52	4.28
EV / Net Operating Revenue (X)	1.58	2.80	10.67	4.79	0.68
EV / EBITDA (X)	1.93	-0.49	1.39	2.60	2.06
MarketCap / Net Operating Revenue (X)	1.61	2.75	11.04	2.99	0.20
Price / BV (X)	0.42	0.31	0.81	0.17	0.01
Price / Net Operating Revenue (X)	1.61	2.75	11.04	2.99	0.20
EarningsYield	0.06	-1.11	0.52	0.73	0.94

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Banas Finance Ltd as of November 24, 2024 is: 4.48

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, Banas Finance Ltd is Overvalued by 58.90% compared to the current share price 10.90

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Banas Finance Ltd as of November 24, 2024 is: 3.53

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, Banas Finance Ltd is Overvalued by 67.61% compared to the current share price 10.90

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -21.29%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (60.23 cr) compared to borrowings (8.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (25.92 cr) and profit (3.46 cr) over the years.	The stock has a low average ROCE of 1.58%, which may not be favorable. The stock has a high average Working Capital Days of 77.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 165.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Banas Finance Ltd:
1. Net Profit Margin: 5.46%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.9% (Industry Average ROCE: 15.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.81% (Industry Average ROE: 17.14%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 26.76
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 26.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 76.51)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.03
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Banas Finance Ltd. is a Public Limited Listed company incorporated on 06/06/1983 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65910MH1983PLC030142 and registration number is 030142. Currently Company is involved in the business activities of Financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs. 11.92 Cr. and Equity Capital is Rs. 25.65 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	E-109, Crystal Plaza, Mumbai Maharashtra 400053	banasfin@gmail.com https://banasfinance.wordpress.com

Management
Name	Position Held
Mr. Girraj Kishor Agrawal	Director
Mrs. Tanu Agarwal	Director & CEO
Mr. Vikash Kulhriya	Independent Director
Mr. Chirag Goyal	Independent Director
Mr. Ashish Kachhara	Independent Director
Mr. Anant Chourasia	Non Independent Director

FAQ

What is the latest intrinsic value of Banas Finance Ltd?

The latest intrinsic value of Banas Finance Ltd as on 24 November 2024 is ₹4.48, which is 58.90% lower than the current market price of ₹10.90.

What is the Market Cap of Banas Finance Ltd?

The Market Cap of Banas Finance Ltd is 97.9 Cr..

What is the current Stock Price of Banas Finance Ltd as on 24 November 2024?

The current stock price of Banas Finance Ltd as on 24 November 2024 is 10.9.

What is the High / Low of Banas Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Banas Finance Ltd stocks is 17.8/8.82.

What is the Stock P/E of Banas Finance Ltd?

The Stock P/E of Banas Finance Ltd is .

What is the Book Value of Banas Finance Ltd?

The Book Value of Banas Finance Ltd is 19.9.

What is the Dividend Yield of Banas Finance Ltd?

The Dividend Yield of Banas Finance Ltd is 0.00 %.

What is the ROCE of Banas Finance Ltd?

The ROCE of Banas Finance Ltd is 21.2 %.

What is the ROE of Banas Finance Ltd?

The ROE of Banas Finance Ltd is 1.47 %.

What is the Face Value of Banas Finance Ltd?

The Face Value of Banas Finance Ltd is 10.0.