Abans Financial Services Ltd
NSE: AFSL BSE: 543712Banking
Incorporated in 2009, Abans Financial Services Ltd provides services such as Institutional Broking, Asset Management, Financial Lending, Treasury operations, and Remittance Services[1]
₹201
52W: ₹194 — ₹270
PE 220 · Book ₹33.8 · +495% vs bookMarket Cap₹1,021 Cr
Stock P/E220Price to Earnings
ROCE2.97%Return on Capital
ROE2.85%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Company is almost debt free.
- +Debtor days have improved from 113 to 41.0 days.
Weaknesses
- −Stock is trading at 5.95 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Tax rate seems low
- −Company has a low return on equity of 3.09% over last 3 years.
- −Working capital days have increased from 318 days to 601 days
Shareholding Pattern
Promoters71.36%
FIIs19.02%
DIIs0%
Public9.61%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.09% | 72.02%▼0.1 | 71.5%▼0.5 | 71.48%▼0.0 | 71.47%▼0.0 | 71.43%▼0.0 | 71.36%▼0.1 | 71.36% |
| FIIs | 10.42% | 11.07%▲0.7 | 12.86%▲1.8 | 15.11%▲2.3 | 15.7%▲0.6 | 16.14%▲0.4 | 17.03%▲0.9 | 19.02%▲2.0 |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.05%▲0.0 | 0%▼0.1 | 0% | 0% |
| Public | 17.5% | 16.88%▼0.6 | 15.64%▼1.2 | 13.41%▼2.2 | 12.78%▼0.6 | 12.42%▼0.4 | 11.61%▼0.8 | 9.61%▼2.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.64 | 1.23 | 1.04 | 1.13 | 20.95 | 7.63 | 0.76 | 1.32 | 8.77 | 3.03 |
| Expenses | 6.84 | 1.46 | 3.63 | 2.27 | 2.12 | 2.66 | 2.64 | 2.67 | 1.91 | 1.8 |
| Operating Profit | -6.2 | -0.23 | -2.59 | -1.14 | 18.83 | 4.97 | -1.88 | -1.35 | 6.86 | 1.23 |
| OPM % | -968.75% | -18.7% | -249.04% | -100.88% | 89.88% | 65.14% | -247.37% | -102.27% | 78.22% | 40.59% |
| Net Profit | -4.64 | -0.17 | -2.02 | -0.83 | 14.07 | 3.75 | -1.43 | -1.05 | 5.92 | 1.2 |
| EPS ₹ | -0.93 | -0.03 | -0.4 | -0.17 | 2.78 | 0.74 | -0.28 | -0.21 | 1.17 | 0.24 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹13.88Cr, down 54.9% YoY. OPM at 35.37%.
Debt Position
Borrowings at ₹0.28Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (-1.48pp change). FIIs: 19.02% (+6.62pp change). Promoters hold 71.36%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 2.97% (Mar 2026). Working capital days: 600.88.
Valuation
PE 220x with 2.97% ROCE. Price is 495% above book value of ₹33.8. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 24h - Financial Results of the Company for the quarter and year ended March 31, 2026
- Announcement under Regulation 30 (LODR)-Change in Registered Office Address 2d - Board approved CFO appointment, director induction, office shift, and internal reorganisation on May 15, 2026.
- Outcome Of The Board Meeting Held On May 15, 2026 2d - Board approved CFO change, new non-executive director, internal reorganisation, and Mumbai office shift on May 15, 2026.
- Board Meeting Outcome for Revised Outcome - Outcome Of The Board Meeting Held On May 15, 2026 2d - Board approved FY26 audited results; consolidated PAT rose to Rs 10,515.86 lakh, unmodified audit opinion.
- Results - Audited Financial Results For Quarter And Year Ended March 31, 2026 2d - Board approved FY26 audited standalone and consolidated results; auditors issued unmodified opinion.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse