Banas Finance Limited
BSE:509053 Stock Report
Banas Finance Balance Sheet Health
Financial Health criteria checks 4/6 Banas Finance has a total shareholder equity of ₹1.6B and total debt of ₹60.5M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are ₹1.7B and ₹116.3M respectively.
Key information Interest coverage ratio n/a Cash ₹213.47m Equity ₹1.56b Total liabilities ₹116.31m Total assets ₹1.67b
Recent financial health updates
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New major risk - Market cap size Aug 14
New major risk - Revenue and earnings growth Aug 11 Banas Finance Limited to Report Q2, 2025 Results on Nov 14, 2024 Banas Finance Limited, Annual General Meeting, Aug 27, 2024
Investor sentiment deteriorates as stock falls 17% Jun 25
New major risk - Shareholder dilution Jun 07
New minor risk - Financial data availability May 26
Banas Finance Limited to Report Fiscal Year 2024 Results on May 30, 2024 May 23
Banas Finance Limited Receives the Resignation of Babita Amit Mehta as Chief Financial Officer May 12
New minor risk - Share price stability Apr 24
New major risk - Market cap size Feb 12
Banas Finance Limited Appoints Tanu Girraj Agrawal as Chief Executive Officer Jan 30
Banas Finance Limited to Report Q3, 2024 Results on Jan 30, 2024 Jan 24
Banas Finance Limited Appoints ANANT CHOURASIA as Additional Non-Executive Non Independent Director Jan 18
New minor risk - Share price stability Nov 28
Banas Finance Limited Announces Death of Managing Director, Mr. Amit Gulecha Nov 22
Banas Finance Limited Announces Death of Managing Director, Mr. Amit Gulecha Nov 21
New major risk - Earnings quality Nov 09
Investor sentiment improves as stock rises 17% Nov 06
Banas Finance Limited to Report Q2, 2024 Results on Nov 08, 2023 Nov 02
Investor sentiment improves as stock rises 24% Oct 19
New major risk - Revenue and earnings growth Sep 15
Banas Finance Limited, Annual General Meeting, Sep 30, 2023 Sep 07
Banas Finance Limited Announces Executive Changes Aug 11
New minor risk - Financial data availability Aug 09
Banas Finance Limited to Report Q1, 2024 Results on Aug 10, 2023 Jul 29
Banas Finance Limited to Report Q4, 2023 Results on May 26, 2023 May 19
Now 22% undervalued after recent price drop May 09
Banas Finance Limited to Report Q3, 2023 Results on Feb 06, 2023 Jan 25
Banas Finance Limited Announces Executive Changes Nov 16
Banas Finance Limited to Report Q2, 2023 Results on Nov 10, 2022 Nov 03
Non - Executive Director recently sold ₹21m worth of stock Sep 14
Banas Finance Limited, Annual General Meeting, Sep 29, 2022 Sep 07 Banas Finance Limited Announces the Appointment of Ashish Kachhara as Additional Independent Director
Less than half of directors are independent Apr 27
Investor sentiment deteriorated over the past week Jan 31
Investor sentiment improved over the past week Dec 17
Investor sentiment improved over the past week Dec 03
Investor sentiment improved over the past week Nov 17
Investor sentiment improved over the past week Oct 13
Full year 2021 earnings released: EPS ₹4.40 (vs ₹1.56 in FY 2020) Jul 03
New 90-day high: ₹5.64 Mar 01
Third quarter 2021 earnings released: EPS ₹3.60 (vs ₹0.46 in 3Q 2020) Feb 14
Investor sentiment improved over the past week Feb 01
Investor sentiment improved over the past week Jan 06
Banas Finance Limited Announces Executive Changes Jan 02
New 90-day low: ₹3.43 Dec 28
Market pulls back on stock over the past week Dec 09
Banas Finance Limited to Report Q2, 2021 Results on Nov 12, 2020 Nov 08
New 90-day high: ₹5.20 Oct 22
Banas Finance Limited to Report Q1, 2021 Results on Sep 15, 2020 Sep 09
Banas Finance Limited to Report Q4, 2020 Results on Jul 29, 2020 Jul 17
Financial Position Analysis
Short Term Liabilities: 509053's short term assets (₹529.1M) exceed its short term liabilities (₹61.8M).
Long Term Liabilities: 509053's short term assets (₹529.1M) exceed its long term liabilities (₹54.5M).
Debt to Equity History and Analysis
Debt Level: 509053 has more cash than its total debt.
Reducing Debt: 509053's debt to equity ratio has reduced from 15% to 3.9% over the past 5 years.
Debt Coverage: 509053's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 509053's interest payments on its debt are well covered by EBIT .
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