Banas Finance Ltd (BANASFN)

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Banas Finance Ltd (BANASFN) · mywealthgrid

About

Banas Finance Ltd operates in Investment Company within the Financials sector.

Face value: ₹10

Market cap

₹61 Cr

P/E

—

P/B

0.4×

Dividend yield

ROE

—

ROCE

—

Debt / equity

0.04

OPM

-88.7%

EPS (TTM)

₹-0.1

Book value

₹17.2

52-week high

—

52-week low

—

1,869 historical price candles were omitted because the exchange source has not been verified.

₹6.8+0.3%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 53.7% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 7% (3-yr avg)
−Weak interest coverage of -935×

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 33
Growth: 50
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	8	10	3	5	14	98	21	73	43
Interest	1	2	—	—	0	0	0	0	0
Expenses	10	13	7	12	5	9	120	40	81
Financing profit	-3	-5	—	—	10	89	-100	33	-38
Financing margin %	-40.5%	-52.8%	—	—	65.9%	90.6%	-479.1%	45.4%	-88.8%
Other income	—	—	0	5	0	3	0	0	1
Depreciation	—	—	—	—	0	0	0	0	0
Profit before tax	-3	-5	0	-2	10	92	-100	34	-37
Tax	0	—	—	—	-2	22	-45	31	-12
Tax %	4.3%	—	—	—	-17.5%	24.3%	-45.1%	93.3%	-31%
PAT	-3	-5	0	-1	11	69	-55	2	-26
EPS (₹)	—	—	-0.4	3.8	4.4	27	-11.4	0.5	-2.9
EPS adjusted (₹)	—	—	—	—	4.4	27	-11.4	0.5	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	26	26	48	48
Reserves	67	136	104	106
	11	7	7	6
	0	20	0	6
Total equity & liabilities	104	189	159	166
	0	0	0	0
CWIP	—	0	—	0
Investments	44	138	88	110
	59	50	70	56
Total assets	104	189	159	166

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	9	20	-1	-6	-0
	-15	-6	-49	8	-39
	0	-4	44	-1	36
Net cash flow	-6	10	-6	2	-2
Free cash flow	9	20	-1	-6	—
CFO / Operating profit %	90.5%	22.2%	—	-16.5%	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	95%	91.1%	9.9%	54.9%	—
EBITDA margin %	-34.9%	-139.1%	-148.8%	67.6%	90.7%	-478.6%	45.6%	-88.7%
EBIT margin %	-34.9%	-139.1%	-148.8%	67.6%	90.7%	-478.6%	45.6%	-88.7%
PAT margin %	-52.6%	0.7%	-17%	77.8%	70.9%	-263%	3.1%	-60.3%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	0	0	0	0	—
Payable days	—	—	—	41	1	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	1.15	0.08	—	0.18	—
Debt to equity	—	—	—	0.12	0.04	0.04	0.04	—
Interest coverage	-1.9	—	—	39.2	834.1	-995.9	374.7	-935
Asset turnover	—	—	—	0.14	0.52	0.13	0.44	—
Return ratios
Return on assets %	—	—	—	10.8%	36.7%	-34.5%	1.4%	—
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	12.1%	42.9%	-36.1%	1.5%	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	17.59%	17.59%	17.59%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.05%	0.05%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	82.36%	82.36%	82.36%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%	73.39%
No. of shareholders	—	—	—	—	—	—	—	—	37,898	37,255	36,692	36,206

Promoter holding up 8.99 percentage points since Sep 2023.

94 deals · 29 Dec 2021 – 19 Nov 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Nov 2024	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	4,55,947	₹11.44	₹0.52 Cr
17 May 2024	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Sell	11,45,716	₹10.83	₹1.24 Cr
20 Oct 2023	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	3,20,924	₹24.18	₹0.78 Cr
19 Oct 2023	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	3,06,482	₹22.55	₹0.69 Cr
16 Oct 2023	PRISMX GLOBAL VENTURES LIMITED	Bulk	BSE	Buy	2,49,088	₹19.45	₹0.48 Cr
9 Nov 2022	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	2,70,345	₹18.16	₹0.49 Cr
29 Sept 2022	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	3,04,100	₹16.89	₹0.51 Cr
14 Sept 2022	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Buy	2,96,175	₹17.52	₹0.52 Cr
12 Sept 2022	TANU GIRIRAJ AGARWAL	Bulk	BSE	Sell	11,50,730	₹18.05	₹2.08 Cr
12 Sept 2022	JR SEAMLESS PRIVATE LIMITED	Bulk	BSE	Sell	3,75,000	₹18.05	₹0.68 Cr

1–10 of 94

1 / 10

Mr. VIKASH KULHRIYANon-Executive - Independent Director-Chairperson
Mr. GIRRAJ KISHORAGRAWALExecutive Director
Mrs. TANU GIRIRAJAGARWALExecutive Director-CEO
Mr. ASHISHKACHHARANon-Executive - Independent Director
Mr. ANANTCHOURASIANon-Executive - Independent Director
Mr. Mayank BoranaNon-Executive - Independent Director
Mr. Praveen JangidChief Financial Officer
Ms. Prajna NaikCompany Secretary cum Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Banas Finance Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹112 Sept 2011 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

29 Sept 2026, 3:13 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

28 Sept 2026, 9:53 amAGM/EGM

Voting Results For AGM Held On 24Th September, 2026

AGM PDF

28 Sept 2026, 9:50 amAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

2 Sept 2026, 10:13 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 10:10 pmAGM/EGM

Intimation For The Annual General Meeting (AGM), Book Closure And Fixation Of Cut-Off Date For E-Voting, Period Of Remote E-Voting

AGM PDF

2 Sept 2026, 10:08 pmAGM/EGM

Notice Of Annual General Meeting

AGM PDF

1 Sept 2026, 5:58 pmCompany Update

Announcement Under Regulation 30

General PDF

1 Sept 2026, 5:55 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On 01St September, 2026

Outcome without intimation PDF

Date	Category	Subject	Filing
29 Sept 2026, 3:13 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 9:53 am	AGM/EGM AGM	Voting Results For AGM Held On 24Th September, 2026	PDF

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Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	95%	91.1%	9.9%	54.9%	—
EBITDA margin %	-34.9%	-139.1%	-148.8%	67.6%	90.7%	-478.6%	45.6%	-88.7%
EBIT margin %	-34.9%	-139.1%	-148.8%	67.6%	90.7%	-478.6%	45.6%	-88.7%
PAT margin %	-52.6%	0.7%	-17%	77.8%	70.9%	-263%	3.1%	-60.3%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	0	0	0	0	—
Payable days	—	—	—	41	1	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	1.15	0.08	—	0.18	—
Debt to equity	—	—	—	0.12	0.04	0.04	0.04	—
Interest coverage	-1.9	—	—	39.2	834.1	-995.9	374.7	-935
Asset turnover	—	—	—	0.14	0.52	0.13	0.44	—
Return ratios
Return on assets %	—	—	—	10.8%	36.7%	-34.5%	1.4%	—
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	12.1%	42.9%	-36.1%	1.5%	—

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

Banas Finance Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1