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Abans Holdings Limited (AFSL) AI Stock Analysis

IN:AFSL

Abans Holdings Limited

(NSE:AFSL)

Select Model
Rating:58Neutral
Price Target:INR 210.00â–²(4.48% Upside)
Action:reiterated
Date:08/21/26

The score is held back primarily by thin and declining profitability plus inconsistent cash-flow generation, despite improving leverage. Technicals are neutral-to-soft with only modest positive momentum signals. Valuation is a relative positive due to the low P/E, providing some support to the overall score.

Positive Factors
Strong Revenue ScalingThe sharp expansion in FY2026 revenue indicates greater business scale and customer reach. If supported by sustainable demand, this can strengthen operating breadth, supplier relationships, and the platform for future earnings growth.
Negative Factors
Severe Margin CompressionVery thin margins leave limited protection against cost inflation, pricing pressure, or weaker demand. The decline from prior periods reduces earnings quality and makes future profits more sensitive to small changes in revenue, costs, and product mix.

Abans Holdings Limited (AFSL) vs. iShares MSCI India ETF (INDA)

-20%-15%-10%-5%0%5%10%IN:AFSL-0.50%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 10.37B
Dividend Yield
―
Average Volume (3M)
1,512
Price to Earnings (P/E)
7.8
Beta (1Y)
0.32
Revenue Growth
427.45%
EPS Growth
16.55%
Country
India
Employees
177
Sector
General
Sector Strength
55
Industry
Financial - Capital Markets

Abans Holdings Limited Business Overview & Revenue Model

Company Description

Abans Financial Services Limited operates as an Indian non-banking finance company with a presence both domestically and internationally. Its operations are divided into three core segments: Fee Based Investment Services, Principal Investment & Treas...

How the Company Makes Money

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Abans Holdings Limited Financial Statement Overview

Summary

Strong FY2026 revenue scaling is offset by sharp profitability compression (gross margin ~1.2%, net margin ~0.4%) and volatile cash conversion (FY2025 negative operating/free cash flow despite positive net income). Balance sheet leverage improved (debt-to-equity ~0.60) and equity has grown, but returns (ROE ~7.7%) are not consistently improving.

Income Statement

54Neutral

Balance Sheet

63Positive

Cash Flow

48Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue78.80B238.79B13.80B11.51B5.53B11.72B
Gross Profit1.09B2.39B2.32B991.54M119.50M-186.82M
EBITDA1.02B1.67B1.38B864.19M188.52M614.58M
Net Income731.41M963.19M892.43M702.94M618.40M418.98M
Balance Sheet
Total Assets36.26B29.07B28.97B18.63B11.69B11.82B
Cash, Cash Equivalents and Short-Term Investments31.78B13.05B11.09B10.86B780.91M1.55B
Total Debt7.35B7.54B9.29B4.41B860.59M2.68B
Total Liabilities23.48B15.55B18.85B9.59B4.33B5.21B
Stockholders Equity11.82B12.50B9.31B8.27B6.31B5.62B
Cash Flow
Free Cash Flow-103.51M4.89B437.98M2.53B-115.54M621.30M
Operating Cash Flow-71.53M4.92B445.77M2.53B-115.17M622.33M
Investing Cash Flow3.22B-2.79B-4.47B-4.63B-378.60M-30.60M
Financing Cash Flow-2.94B6.32M4.03B4.18B-205.66M660.06M

Abans Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:AFSL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:SMCGLOBALIN:SMCGLOBAL74OutperformINR 18.99B16.36―1.32%17.97%18.76%
IN:DAMCAPITALIN:DAMCAPITAL70OutperformINR 9.04B12.45―0.78%――
IN:5PAISAIN:5PAISA65NeutralINR 10.12B28.05――8.94%-23.92%
IN:WEALTHIN:WEALTH63NeutralINR 8.68B26.29―1.10%0.26%1.77%
IN:AFSLIN:AFSL58NeutralINR 10.29B7.76――427.45%16.55%
IN:PRIMESECUIN:PRIMESECU57NeutralINR 9.72B157.79―0.52%21.86%-76.96%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-50%0%50%IN:AFSLIN:5PAISAIN:PRIMESECUIN:SMCGLOBALIN:WEALTHIN:DAMCAPITALDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:AFSL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:AFSLAbans Holdings Limited201.000.000.00%
IN:5PAISA5paisa Capital Ltd.323.9012.353.96%
IN:PRIMESECUPrime Securities Limited286.00-7.25-2.47%
IN:SMCGLOBALSMC Global Securities Ltd. (India)90.6825.0038.06%
IN:WEALTHWealth First Portfolio Managers Ltd.814.90-303.84-27.16%
IN:DAMCAPITALDAM Capital Advisors Ltd.127.85-118.78-48.16%

Abans Holdings Limited Corporate Events

Abans Financial Services Dispatches Notice for 17th AGM via Digital Mode

Aug 20, 2026

Abans Financial Services Limited has announced the dispatch of the notice for its 17th Annual General Meeting, scheduled for September 10, 2026, at 3:00 p.m. IST, to be conducted via video conferencing and other audio-visual means. The company has pu...

Abans Financial Services Moves AGM Online and Digitizes Annual Report Access

Aug 19, 2026

Abans Financial Services Limited has informed stock exchanges that it has begun dispatching letters to shareholders who have not registered their email addresses, providing web links and QR codes to access the company’s Annual Report for FY 202...

Abans Financial Services Posts Unaudited June-Quarter Results with Limited Review

Aug 10, 2026

Abans Financial Services Limited, a Mumbai-based financial services company listed on BSE and NSE, reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results have been prepared under Indian A...

Abans Financial Services Closes Trading Window Ahead of Quarterly Results

Jun 25, 2026

Abans Financial Services Limited has announced the closure of its trading window for designated persons and their immediate relatives from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015. The window will remai...

Abans Financial Services issues Rs 75 crore corporate guarantee for broking subsidiary

Jun 17, 2026

Abans Financial Services Limited has approved the issuance of a corporate guarantee of up to Rs 75 crore in favour of ICICI Bank on behalf of its material step-down subsidiary, Abans Broking Services Private Limited. The guarantee, extended on an arm...

Abans Financial Services Opens Special One-Year Window for Legacy Physical Share Transfers

Jun 2, 2026

Abans Financial Services Limited has announced the availability of a special one-year window, from February 5, 2026 to February 4, 2027, for shareholders to transfer and dematerialise physical shares that were sold or purchased before April 1, 2019 b...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 21, 2026