BANASFN
Banas Finance financials
- Market cap
- ₹65 Cr
Quarterly results
Q1 FY27: revenue down 84.7%, net profit down 53.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 31 | 4 | 19 | 19 +132% | 14 −55% | 21 +408% | 3 −85% |
| EBITDA | -10 | -1 | -5 | 9 | 9 +188% | -3 −483% | 10 +321% | 3 −70% |
| Net profit | -10 | 1 | 9 | 11 | 11 +215% | -1 −270% | 7 −20% | 5 −53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.9% 1Y
1Y: ₹9.29 on 9 Sept 2025 → ₹7.16. High ₹9.8 (21 Nov 2025), low ₹5.07 (30 Mar 2026).
Financials, as filed
Revenue grew 0.2% a year over 2 years, FY24 to FY26. Operating margin narrowed to 35.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹73 Cr | ₹49 Cr | ₹73 Cr |
| Operating profit | ₹27 Cr | ₹-23 Cr | ₹26 Cr |
| Operating margin | 36.8% | -46.8% | 35.6% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹5 Cr | ₹-7 Cr | ₹27 Cr |
| Net margin | 6.3% | -14.1% | 37.4% |
| Cash from operations | ₹-6 Cr | ₹0 Cr | ₹24 Cr |
| Free cash flow | ₹-6 Cr | ₹0 Cr | ₹24 Cr |
| ROCE | 21.0% | -10.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹26 Cr | ₹26 Cr | ₹48 Cr | ₹48 Cr | ₹90 Cr | ₹90 Cr |
| Reserves | ₹67 Cr | ₹136 Cr | ₹104 Cr | ₹108 Cr | ₹102 Cr | ₹48 Cr |
| Borrowings | ₹11 Cr | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹1 Cr | ₹1 Cr |
| Other liabilities | ₹0 Cr | ₹20 Cr | ₹0 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr |
| Total liabilities | ₹104 Cr | ₹189 Cr | ₹159 Cr | ₹167 Cr | ₹192 Cr | ₹138 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹45 Cr | ₹139 Cr | ₹89 Cr | ₹112 Cr | ₹143 Cr | ₹91 Cr |
| Other assets | ₹59 Cr | ₹50 Cr | ₹70 Cr | ₹56 Cr | ₹49 Cr | ₹38 Cr |
| Total assets | ₹104 Cr | ₹189 Cr | ₹159 Cr | ₹167 Cr | ₹192 Cr | ₹138 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 36,206.
- Promoters
- 26.6%
- DIIs
- 0.0%
- Public
- 73.4%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 17.6% to 26.6% — +9.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 17.6%, DIIs 0.1%, Public 82.4%.Dec '23: Promoters 17.6%, DIIs 0.1%, Public 82.4%.Mar '24: Promoters 17.6%, DIIs 0.1%, Public 82.4%.Jun '24: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Sep '24: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Dec '24: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Mar '25: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Jun '25: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Sep '25: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Dec '25: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Mar '26: Promoters 26.6%, DIIs 0.0%, Public 73.4%.Jun '26: Promoters 26.6%, DIIs 0.0%, Public 73.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Prismx Global Ventures Limited +0.43 pp 23.55% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Banas Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Prismx Global Ventures Limited | 23.55% | +0.43 pp |
| JR Seamless Private Limited | 15.46% | unchanged |
| Handful Investrade Pvt Ltd | 10.68% | unchanged |
| Hunnar Jewels | 10.48% | unchanged |
| Girraj Kishor Agrawal | 3.00% | unchanged |
| Tanu Agrawal | 2.43% | unchanged |
| Hemangini Vinitkumar Parikh | 1.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Banas Finance Limited
Guides on how to read this kind of business and the numbers that matter.