BSE: 543712 | NSE: AHL | Finance - NBFC | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Abans Financial Services Ltd is a below average quality company.
The key valuation ratios of Abans Financial Services 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 Semi Strong which suggest that the price of Abans Financial Services Ltd is likely to Rise-somewhat 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0 | 0 | 0.7 | 1.1 | 0.5 | 0.4 | 2.1 | 24 | ||||
| YoY Gr. Rt. % | - | NA | NA | 60.3% | -58.7% | -20% | 469.4% | - | ||||
| Adj EPS (₹ ) | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 2.2 | ||||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | 33.3% | 425% | - | ||||
| BVPS (₹ ) | 2.2 | 2.2 | 2.2 | 2.1 | 2.1 | 2.2 | 22.2 | 28.2 | ||||
| YoY Gr. Rt. % | - | 0% | 0.5% | -3.2% | 1.4% | 1.9% | 927.8% | - | ||||
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0 | 0 | 0.1 | 0 | 0.8 | 0.9 | 1.6 | 0 | ||||
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | NA | NA | 23.4% | 469.4% | ||||||||
| Adj EPS | NA | NA | NA | 425% | ||||||||
| BVPS | NA | 59.5% | 119.8% | 927.8% | ||||||||
| Share Price | - | - | - | -38.9% | ||||||||
| RATIOS \ YEARS | 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 | - | ||||
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | ||||
| Margins | ||||||||||||
| Net Profit Margin (%) | 0 | 0 | 2.6 | 0.3 | 33.8 | 49.7 | 52 | 45.5 | ||||
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0 | 0.2 | 0 | 1.6 | 1.8 | 1.8 | 7.7 | ||||
Return on Equity has increased versus last 3 years average to 8.70%
Total Income has increased 23.44 CAGR in last 3 years
Net Profit has declined 0.00 CAGR in last 3 years
Total income growth is poor in last 4 quarters
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.2 | 18.4 |
| TTM Sales (₹ Cr.) | 24.4 | 2,470 |
| BVPS (₹.) ⓘ | 28.2 | 203.2 |
| Reserves (₹ Cr.) ⓘ | 133 | 1,018 |
| P/BV ⓘ | 7.22 | 1.00 |
| PE ⓘ | 93.39 | 11.09 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 166.00 / 625.00 |
| All Time Low / High (₹) | 166.00 / 625.00 |
| Market Cap (₹ Cr.) | 1,032 |
| Equity (₹ Cr.) | 10.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 27.2 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
| Adj EPS (₹) | 33.53 | N/A | 22.56 | 25.7 | 25.32 | -45.6 | -0.57 | -106 |
| Net Profit Mgn % | 66.02 | 6602 bps | 61.29 | -533 bps | 58.53 | -1872 bps | 0.00 | -8124 bps |
| Pledged * | 0.00 | 0.00 | 2.77 | 3.18 | 5.73 | 12.12 | 14.20 | 14.13 | 12.54 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Piramal Enterprises | 910 | 22.5 (2.5%) | Small Cap | 10,020 | 23.1 | -16.8 | 38.5 | 0.7 |
| Edelweiss Financial | 90.2 | 1.7 (1.9%) | Small Cap | 9,500 | 4.9 | 5.6 | 18.1 | 1.6 |
| Manappuram Finance | 199.6 | 2 (1%) | Small Cap | 8,848 | 23.3 | 24.8 | 8.5 | 1.3 |
| CreditAccess Grameen | 924.7 | 22 (2.4%) | Small Cap | 5,167 | 55.2 | 28 | 16.4 | 2.1 |
| Spandana Sphoorty | 261 | 8.8 (3.5%) | Small Cap | 2,424 | -66.2 | 20.7 | - | 0.6 |
| Fusion Finance | 151.6 | 2.7 (1.8%) | Small Cap | 2,317 | -91.8 | 21.8 | - | 0.8 |
| Muthoot Microfin | 133.7 | 3 (2.3%) | Small Cap | 2,270 | 17.5 | 19.8 | 7.5 | 0.7 |
| Five Star Business | 724.5 | 30.4 (4.4%) | Small Cap | 2,183 | 35 | 38.3 | 19.9 | 3.4 |
| Northern ARC Capital | 168.9 | 2.7 (1.6%) | Small Cap | 1,829 | 17.4 | 15.3 | 9.6 | 0.8 |
| Fedbank Financial | 90.1 | 2 (2.3%) | Small Cap | 1,577 | 5.9 | 15.5 | 14.8 | 1.4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|
| Income | 0 | 0 | 1 | 1 | 1 | 0 | 2 | 15 |
| Interest Income | 0 | 0 | 1 | 1 | 0 | 0 | 2 | 15 |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenditure ⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 24 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Operating Expenses ⓘ | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 24 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -10 |
| Taxes ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -7 |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | -1.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 111 | 121 | ||
| Share Capital ⓘ | 0 | 0 | 0 | 3 | 9 | 9 | 10 | 10 | ||
| Reserves ⓘ | 10 | 10 | 10 | 7 | 1 | 1 | 101 | 111 | ||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Long Term Borrowings | 8 | 8 | 14 | 9 | 9 | 9 | 0 | -3 | ||
| Current Liabilities | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 0 | ||
| Trade Payables | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | ||
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other Liabilities | 0 | 0 | -1 | -2 | 0 | 0 | 0 | 0 | ||
| Total Liabilities ⓘ | 18 | 18 | 25 | 20 | 19 | 19 | 111 | 118 | ||
Assets | ||||||||||
| Non Current Asset | 18 | 18 | 18 | 18 | 18 | 18 | 98 | 98 | ||
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other Non Current Asset ⓘ | 18 | 18 | 18 | 18 | 18 | 18 | 98 | 98 | ||
| Current Asset | 0 | 0 | 6 | 2 | 1 | 1 | 13 | 20 | ||
| Current Investment | 0 | 0 | 6 | 0 | 0 | 0 | 8 | 17 | ||
| Other Current Asset | 0 | 0 | 1 | 2 | 1 | 1 | 5 | 3 | ||
| Total Assets ⓘ | 18 | 18 | 25 | 20 | 19 | 19 | 111 | 118 | ||
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 1 | 2 | 17 | 0 | 0 | 0 | 0 | -1 | ||
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| BVPS (₹) | 9712 | 9714 | 9736 | 31 | 2 | 2 | 22 | 21 | ||
Performance Ratios | ||||||||||
| ROA (%) | 0.0 | 0.0 | 0.1 | 0.0 | 0.8 | 0.9 | 1.6 | -5.9 | ||
| ROE (%) | 0.0 | 0.0 | 0.2 | 0.0 | 1.6 | 1.8 | 1.8 | -6.2 | ||
| ROCE (%) | 0.0 | 0.0 | 0.1 | 0.0 | 1.3 | 1.3 | 2.8 | -8.3 | ||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9.5 | 12.8 | ||
The company was originally incorporated as - Abans Vanijya Private Limited on September 24, 2009 at Kolkata, West Bengal as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to -Abans Holdings Private Limited vide special resolution passed by the shareholders of the Company in their meeting held on November 20, 2019 and a fresh Certificate of Incorporation consequent to the change of name was granted to the Company on December 05, 2019, by the Registrar of Companies, Mumbai. Further, the company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of the company in their meeting held on April 28, 2021 and the name of the company was changed to -Abans Holdings Limited and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated May 19, 2021 was issued by Registrar of Companies, Mumbai.
Abans Holdings represents the financial services arm of the Abans Group. It operates a diversified global financial services business, headquartered in India, providing NBFC services, global institutional trading in equities, commodities and foreign exchange, private client stock broking, depositary services, asset management services, investment advisory services and wealth management services to corporates, institutional and high net worth clients.
The company operates a RBI Registered NBFC (Non Deposit taking). Its Finance business is primarily focused on lending to private traders and other small and medium businesses involved in the commodities trading market. It is SEBI registered Stock and Commodity Exchange Brokers with memberships across all the major stock exchanges in India, including BSE, NSE, MSEI, MCX, NCDEX and ICEX. Further being FCA registered financial services firm in London, it has direct/indirect memberships in various international exchanges like DGCX (Dubai), LME (London), INE and DCE (China). It is also a SEBI Registered Portfolio Management company as well as a SEBI Registered Category-I FPI.
The company offers various institutional and non-institutional trading services, wealth management and private client brokerage services, mainly in equity, commodities and foreign exchange. Its Capital Business includes its internal treasury operations which manage its excess capital funds. It does so by investing its capital in low / medium risk strategies, maintaining positions in physical as well as exchange traded commodities and other instruments. The company structures its treasury investments to maintain sufficient liquidity in its portfolio to support the capital needs of its other businesses. Further it provides Warehousing Services to commodity market participants.
Business area of the company
The company is a globally diversified organization engaged in Investment Management, Trading, Broking, Gold Refining, Non-Banking Financial Services, Agricultural Trading, Pharmaceuticals Distribution, Software Development, and Real Estate Development.
Major Events
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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