Banas Finance

Mumbai, India Founded: 1983 • Age: 43 yrs Listed
Financial services are offered by Banas Finance in India.

About Banas Finance

Banas Finance is a publicly listed company based in Mumbai (India) founded in 1983. Financial services are offered by Banas Finance in India. Its Indian entity Banas Finance Ltd reported revenue of ₹59.49 Cr.

Company details

Banas Finance was established in 1983 and is based in Mumbai, India. Operations are centered in the finance sector, where various financial services are provided to clients. The company maintains a web presence at banasfinance.com. Details on specific offerings and expansion are limited, but activities focus on domestic financial solutions within the Indian market. Headquarters oversee regional engagements from Mumbai.

Key Metrics
  • Market Cap
    ₹56.61 Cr

    BANASFN · BSE

  • Share Price
    ₹6.26

    -0.95% today

  • Revenue
    ₹59.41 Cr

    FY 2025-26 · +36.6% YoY

  • EBITDA
    ₹12.53 Cr

    Margin 21.1%

  • Net Profit
    ₹11.33 Cr

    FY 2025-26 · +3946.4% YoY

  • P/E (TTM)
    2.7x

    P/B 0.4x

  • ROE
    3.4%

    ROCE 6.5%

Board of directors of Banas Finance Ltd (Banas Finance)

Banas Finance Ltd is the primary company behind Banas Finance. The board of Banas Finance Ltd currently have 7 directors; the longest-serving is Girraj Kishor Agrawal, appointed in 2010. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Girraj Kishor Agrawal
DIN 00290959
Director02 Jun 201016 yrs 5 moBanas Finance Ltd
Tanu Giriraj Agarwal
DIN 00290966
Director13 Oct 201610 yrsBanas Finance Ltd
Vikash Kulhriya
DIN 09014921
Director31 Dec 20205 yrs 10 moBanas Finance Ltd
Chirag Goyal
DIN 09013570
Director31 Dec 20205 yrs 10 moBanas Finance Ltd
Ashish Kachhara
DIN 09671227
Director29 Aug 20224 yrs 2 moBanas Finance Ltd
Anant Chourasia
DIN 09305661
Director30 May 20242 yrs 5 moBanas Finance Ltd
Mayank Borana
DIN 11267144
Director29 Aug 20251 yr 2 moBanas Finance Ltd

IPO & Listings of Banas Finance

Banas Finance is a publicly listed company on the BSE with ticker symbol BANASFN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date05 Feb 1985
  • Listed onBSE: 509053
  • Listed entityBanas Finance Ltd
  • Exchange sectorFinance

Financials of Banas Finance

Exchange-reported figures of Banas Finance Ltd, the listed company behind Banas Finance (BSE: BANASFN).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹59.41 Cr
+36.6% YoY
EBITDA
₹12.53 Cr
+171.4% YoY
Profit After Tax
₹11.33 Cr
+3946.4% YoY
Net Worth
₹137 Cr
-24.4% YoY
Total Assets
₹138 Cr
-24.4% YoY
Total Debt
₹0.59 Cr
-31.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59.4143.4873.0420.1810114.458.95
Revenue growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
EBITDA12.53(17.55)33.13(100)91.399.792.07
EBITDA margin+21.1%-40.4%+45.4%-497.0%+90.9%+67.8%+23.1%
Profit before tax12.40(17.60)33.64(99.69)91.649.561.56
Net profit11.330.284.40(53.58)69.1811.671.19
Net profit margin+19.1%+0.6%+6.0%-265.5%+68.8%+80.8%+13.3%
EPS (₹)1.260.030.91(11.15)26.974.551.05
Balance sheet
Total assets13818316215916910491.81
Net worth13718215615216292.9881.21
Total debt0.590.866.056.516.9011.2010.61
Cash & bank8.598.787.175.6011.301.617.59
Net working capital21.0333.2024.2822.6921.847.3413.17
Cash flow
Cash from operations23.78(0.24)(5.51)(0.83)19.699.025.91
Cash from investing(25.64)(38.52)7.62(49.19)(5.58)(15.34)(3.50)
Cash from financing(0.20)36.30(0.55)44.31(4.42)0.340.44
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9920.8113.6518.9919.494.1030.578.20
Revenue growth (YoY)-84.7%+407.6%-55.4%+131.6%+220.6%---
Other income0.000.211.890.290.140.130.070.24
EBITDA2.8710.44(3.04)9.169.43(4.74)(0.53)(10.39)
EBITDA margin+96.0%+50.2%-22.3%+48.2%+48.4%-115.6%-1.7%-126.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.040.080.000.010.020.000.00
Profit before tax2.8710.61(1.23)9.459.56(4.63)(0.46)(10.15)
Tax0.005.670.000.100.00(11.60)(0.20)0.20
Net profit2.874.94(1.23)9.359.566.97(0.26)(10.35)
EPS (₹)0.56(0.76)(4.54)1.231.19(0.72)0.08(1.04)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue59.4143.4873.0420.1810114.458.95
Revenue growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
EBITDA12.53(17.55)33.13(100)91.399.792.07
EBITDA margin+21.1%-40.4%+45.4%-497.0%+90.9%+67.8%+23.1%
Profit before tax12.40(17.60)33.64(99.69)91.649.561.56
Net profit6.63(5.99)2.25(54.76)69.3711.231.19
Net profit margin+11.2%-13.8%+3.1%-271.4%+69.0%+77.7%+13.3%
EPS (₹)0.74(0.67)0.47(11.40)27.044.371.05
Balance sheet
Total assets13617116015816910491.81
Net worth13617015415216292.4281.21
Total debt0.590.866.056.516.9011.2010.61
Cash & bank8.598.787.175.6011.301.617.59
Net working capital21.0333.2024.2822.6921.847.3413.17
Cash flow
Cash from operations23.78(0.24)(5.51)(0.83)19.699.025.91
Cash from investing(25.64)(38.52)7.62(49.19)(5.58)(15.34)(3.50)
Cash from financing(0.20)36.30(0.55)44.31(4.42)0.340.44
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9920.8113.6518.9919.494.1030.578.20
Revenue growth (YoY)-84.7%+407.6%-55.4%+131.6%+221.1%---
Other income0.000.211.890.290.140.130.070.24
Total expenses0.1210.3716.699.8310.068.8431.1018.59
EBITDA2.8710.44(3.04)9.169.43(4.74)(0.53)(10.39)
EBITDA margin+96.0%+50.2%-22.3%+48.2%+48.4%-115.6%-1.7%-126.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.040.080.000.010.020.000.00
Profit before tax2.8710.61(1.23)9.459.56(4.63)(0.46)(10.15)
Tax0.005.670.000.100.00(11.60)(0.20)0.20

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9920.8113.6518.9919.494.1030.578.20
Revenue growth (YoY)-84.7%+407.6%-55.4%+131.6%+220.6%---
Other income0.000.211.890.290.140.130.070.24
EBITDA2.8710.44(3.04)9.169.43(4.74)(0.53)(10.39)
EBITDA margin+96.0%+50.2%-22.3%+48.2%+48.4%-115.6%-1.7%-126.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.040.080.000.010.020.000.00
Profit before tax2.8710.61(1.23)9.459.56(4.63)(0.46)(10.15)
Tax0.005.670.000.100.00(11.60)(0.20)0.20
Net profit2.874.94(1.23)9.359.566.97(0.26)(10.35)
EPS (₹)0.56(0.76)(4.54)1.231.19(0.72)0.08(1.04)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59.4143.4873.0420.1810114.458.95
Revenue growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
Other income0.080.000.600.700.360.020.00
Total expenses46.8861.0339.911209.204.666.88
Employee cost2.872.251.091.220.330.280.41
EBITDA12.53(17.55)33.13(100)91.399.792.07
EBITDA margin+21.1%-40.4%+45.4%-497.0%+90.9%+67.8%+23.1%
Depreciation0.010.010.000.000.000.000.00
Interest0.200.040.090.100.110.250.51
Profit before tax12.40(17.60)33.64(99.69)91.649.561.56
Tax5.77(11.61)31.39(44.93)22.27(1.67)0.37
Net profit11.330.284.40(53.58)69.1811.671.19
Net profit margin+19.1%+0.6%+6.0%-265.5%+68.8%+80.8%+13.3%
EPS (₹)1.260.030.91(11.15)26.974.551.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital89.5889.5848.0548.0525.6525.6511.38
Reserves & surplus47.8592.1010810413667.3369.83
Shareholders' funds (net worth)13718215615216292.9881.21
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.590.866.056.516.9011.2010.61
Total debt0.590.866.056.516.9011.2010.61
Total liabilities13818316215916910491.81
Assets
Gross block9.209.200.150.150.150.150.15
Net block9.069.070.020.020.030.030.03
Capital work in progress0.000.000.000.000.000.000.00
Investments90.5312811289.1113945.0020.64
Inventories0.000.000.000.000.000.000.08
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances8.598.787.175.6011.301.617.59
Loans & advances12.4924.5217.2417.4310.565.815.66
Total current assets21.0833.3024.4123.0321.867.4213.33
Total current liabilities0.050.100.130.340.020.080.16
Net working capital21.0333.2024.2822.6921.847.3413.17
Total assets13818316215916910491.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.617.065.5011.201.507.484.64
Net cash from operating activities23.78(0.24)(5.51)(0.83)19.699.025.91
Net cash from investing activities(25.64)(38.52)7.62(49.19)(5.58)(15.34)(3.50)
Net cash from financing activities(0.20)36.30(0.55)44.31(4.42)0.340.44
Net change in cash(2.06)(2.46)1.57(5.70)9.70(5.98)2.85
Closing cash8.598.787.175.6011.301.617.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
EBITDA growth+171.4%-153.0%+133.0%-209.7%+833.5%+373.0%-
PBT growth+9998.0%-+9998.0%-+858.6%+512.8%+9997.0%
Net income growth+3946.4%-93.6%+108.2%-177.5%+492.8%+880.7%-
Revenue CAGR (3Y)+43.3%-24.4%+71.6%+31.1%---
EBITDA CAGR (3Y)--+50.1%----
Profitability & leverage
Net income margin+11.2%-13.8%+3.1%-271.4%+69.0%+77.7%+13.3%
Return on capital employed+6.5%0.0%+20.5%0.0%+64.5%+8.6%+1.9%
Return on net worth+3.4%0.0%+1.4%0.0%+52.1%+10.9%+1.2%
Debt / equity0.000.020.040.040.070.130.13
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover1.60-0.230.27-0.100.122.5524.64
Efficiency & per share
Fixed asset turnover6.479.30490.93139.20673.0096.4759.67
Inventory turnover0.000.000.000.000.00361.75111.88
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)1.260.030.91(11.15)26.974.551.05
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)15.3420.2832.4431.7463.1836.2571.38
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2.9920.8113.6518.9919.494.1030.578.20
Revenue growth (YoY)-84.7%+407.6%-55.4%+131.6%+221.1%---
Other income0.000.211.890.290.140.130.070.24
Total expenses0.1210.3716.699.8310.068.8431.1018.59
EBITDA2.8710.44(3.04)9.169.43(4.74)(0.53)(10.39)
EBITDA margin+96.0%+50.2%-22.3%+48.2%+48.4%-115.6%-1.7%-126.7%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.040.080.000.010.020.000.00
Profit before tax2.8710.61(1.23)9.459.56(4.63)(0.46)(10.15)
Tax0.005.670.000.100.00(11.60)(0.20)0.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue59.4143.4873.0420.1810114.458.95
Revenue growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
Other income0.080.000.600.700.360.020.00
Total expenses46.8861.0339.911209.204.666.88
Employee cost2.872.251.091.220.330.280.41
EBITDA12.53(17.55)33.13(100)91.399.792.07
EBITDA margin+21.1%-40.4%+45.4%-497.0%+90.9%+67.8%+23.1%
Depreciation0.010.010.000.000.000.000.00
Interest0.200.040.090.100.110.250.51
Profit before tax12.40(17.60)33.64(99.69)91.649.561.56
Tax5.77(11.61)31.39(44.93)22.27(1.67)0.37
Net profit6.63(5.99)2.25(54.76)69.3711.231.19
Net profit margin+11.2%-13.8%+3.1%-271.4%+69.0%+77.7%+13.3%
EPS (₹)0.74(0.67)0.47(11.40)27.044.371.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital89.5889.5848.0548.0525.6525.6511.38
Reserves & surplus45.9580.2310610413666.7769.83
Shareholders' funds (net worth)13617015415216292.4281.21
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.590.866.056.516.9011.2010.61
Total debt0.590.866.056.516.9011.2010.61
Total liabilities--16015816910491.81
Assets
Gross block9.209.200.150.150.150.150.15
Net block9.069.070.020.020.030.030.03
Capital work in progress0.000.000.000.000.000.000.00
Investments88.6311611088.4513844.4420.64
Inventories0.000.000.000.000.000.000.08
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances8.598.787.175.6011.301.617.59
Loans & advances12.4924.5217.2417.4310.565.815.66
Total current assets21.0833.3024.4123.0321.867.4213.33
Total current liabilities0.050.100.130.340.020.080.16
Net working capital21.0333.2024.2822.6921.847.3413.17
Total assets13617116015816910491.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.617.065.5011.201.507.484.64
Net cash from operating activities23.78(0.24)(5.51)(0.83)19.699.025.91
Net cash from investing activities(25.64)(38.52)7.62(49.19)(5.58)(15.34)(3.50)
Net cash from financing activities(0.20)36.30(0.55)44.31(4.42)0.340.44
Net change in cash(2.06)(2.46)1.57(5.70)9.70(5.98)2.85
Closing cash8.598.787.175.6011.301.617.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+36.6%-40.5%+261.9%-79.9%+596.1%+61.5%-
EBITDA growth+171.4%-153.0%+133.0%-209.7%+833.5%+373.0%-
PBT growth+9998.0%-+9998.0%-+858.6%+512.8%+9998.0%
Net income growth+210.7%-366.2%+104.1%-178.9%+517.7%+843.7%-
Revenue CAGR (3Y)+43.3%-24.4%+71.6%+31.1%+93.6%+50.1%-2.1%
EBITDA CAGR (3Y)--+50.1%--+302.6%-
Profitability & leverage
Net income margin+11.2%-13.8%+3.1%-271.4%+69.0%+77.7%+13.3%
Return on capital employed+6.7%0.0%+20.6%0.0%+64.6%+8.6%+2.1%
Return on net worth+3.5%0.0%+1.4%0.0%+52.2%+10.9%+1.3%
Debt / equity0.000.020.040.040.070.130.13
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover1.60-0.230.27-0.100.122.5524.64
Efficiency & per share
Fixed asset turnover6.479.30490.93139.20673.0096.4759.67
Inventory turnover0.000.000.000.000.00361.7566.30
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)0.74(0.67)0.47(11.40)27.044.371.05
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)15.1318.9632.0731.6063.0836.0371.38
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Banas Finance

Frequently Asked Questions about Banas Finance

Banas Finance was founded in 1983.

Banas Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

The primary company behind Banas Finance, Banas Finance Ltd, reported revenue of ₹59.49 Cr for FY 2026, up 37% year on year.

Banas Finance was established in 1983 and is based in Mumbai, India. Operations are centered in the finance sector, where various financial services are provided to clients. The company maintains a web presence at banasfinance.com. Details on specific offerings and expansion are limited, but activities focus on domestic financial solutions within the Indian market. Headquarters oversee regional engagements from Mumbai.

Yes, Banas Finance is publicly traded on BSE under the ticker symbol BANASFN.

Banas Finance operates through Banas Finance Ltd.

The legal entities of Banas Finance currently have 10 directors, including Vikash Kulhriya, Chirag Goyal, Girraj Kishor Agrawal and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available