banas finance share price – easy explained

Banas Finance share price: A Hidden Gem in the NBFC Sector

Banas Finance Share Price


What’s impressive is their product lineup – it’s like a buffet of financial options. They’ve got personal loans, business loans, vehicle loans, gold loans, property loans, and even microfinance. It’s a one-stop-shop for all your financial needs.

Now, here’s the juicy part. Banas Finance has been on a steady climb in recent years. Even with the NBFC sector facing all sorts of challenges like liquidity crises, rule changes, and the dreaded Covid-19 pandemic, they’ve managed to keep their ship sailing smoothly. They’ve got their act together when it comes to asset quality, making money, and having enough cash in the bank.

Banas Finance Share Price Performance

Picture this: Over the past 52 weeks, it’s been on a wild ride, swinging from ₹9.77 to ₹19.99. But what’s even more interesting is where it’s at right now. As of October 6, 2023, it closed at ₹17.84, which is just 8.75% away from its 52-week high. It’s like the stock market’s version of a heart-pounding adventure!

Now, when we talk size, Banas Finance is no giant. Its market capitalization is ₹84.39 crore, putting it in the small-cap league.

But here’s the jaw-dropper: While others in the finance game were doing okay, Banas Finance was sprinting ahead. It outperformed the BSE Finance Index, which managed a 23.76% gain in the past year. But Banas Finance? Oh, it’s a speedster, gaining a whopping 80.08% in the same period.

And wait for it, it even left the BSE Sensex in the dust. The Sensex gained 25.64% in the past year, but Banas Finance? You guessed it, another 80.08% gain.

Banas Finance Financials and Valuation

Profit Report: In the quarter that wrapped up on June 30, 2023, they hit a consolidated net profit of ₹2.41 crore. That’s not just good; it’s a stellar 28.57% jump compared to the same time last year. And if you’re into comparing quarters, it’s also a neat 6.64% increase from the previous one. It’s like they’ve got their profit game strong.

Revenue Dip: Now, on the revenue front, things took a bit of a dip. They raked in ₹7.96 crore in consolidated revenue from operations for the same quarter. But here’s the kicker – it’s a 79.32% drop compared to last year. But hey, let’s not forget, they held the line pretty well quarter-on-quarter with just a tiny 0.25% slip.

Earnings Per Share (EPS): The cherry on top? The consolidated earnings per share (EPS) for the quarter was ₹0.50. That’s what each share earned in those three months, and it’s looking pretty solid.

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