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Five-Star Business Finance Ltd share Price Today

Company details

797.05
823.70
600.05
876.55
6M Return 15.45%
1Y Return 34.07%
Mkt Cap.(Cr) 23,685.44
Volume 550,842
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 550,842

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Finance company Five-Star Business Finance announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total income of Rs 619 crore; YoY growth of 41%.
  • PBT of Rs 313 crore; YoY growth of 40%.
  • PAT of Rs 236 crore; YoY growth of 40%.
  • ROA at 8.43%; QoQ increase of 18 bps and YoY decrease of 19 bps.
  • ROE at 18.65%; QoQ increase of 91 bps and YoY increase of 255 bps.

FY24 Financial Highlights:

  • Total income of Rs 2,195 crore; YoY growth of 44%.
  • PBT of Rs 1,116 crore; YoY growth of 39%.
  • PAT of Rs 836 crore; YoY growth of 39%.
  • ROA at 8.42%; YoY decrease of 20 bps.
  • ROE at 17.60%; YoY increase of 257 bps.

Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, said, " Q4 was a very strong quarter across the 3 aspects of quality, profitability and growth. During this quarter, we disbursed Rs 1,336 crore of loans as against Rs 1,209 crore during Q3FY24, a sequential growth of ~11%. We added 40 branches during Q4FY24, leading to a strong branch network of 520 branches to deliver quality service to our customers.

On the collections front, we saw improvement in numbers on a sequential basis. Our collection efficiency for the quarter was at 99.5% and unique customer collections came in at 97.8%, both of which were better than the numbers recorded for Q3FY24. Our gross NPA also dropped by 2 bps from 1.40% in Q3FY24 to 1.38% during the current quarter; we saw improvement across our DPD buckets with our 30 coming down from 8.35% last quarter to 7.89% during the current quarter. We are very confident of continuing our strong momentum in the coming financial year as well.

During the quarter, we also raised incremental debt sanctions of Rs 900 crore availing Rs 950 crore. We were able to obtain a large ticket sanction from NABARD, on of the largest domestic DFI, at competitive pricing, which would augur well from a diversification perspective. While not in Q4FY24, IFC, one of the largest DFI across the globe, subscribed to our NCDs in the month of April 2024 for a quantum of INR 500 crore. We are progressing well on our intent to diversify our borrowing sources, and all this has come in with no material impact on the allinclusive pricing. Our cost of incremental debt remained almost the same as Q3FY24 and we were able to avail fresh funding at 9.58% during the quarter. Cost of funds on the book also remained flattish at 9.64% for the quarter. We continue to have a robust liquidity on the balance sheet of Rs 1,879 crore along with unavailed sanctions of Rs 425 crore.

We continued to grow consistently and delivered an AUM growth of 39% YoY. PAT for Q4FY24 grew at 40% as compared to Q4FY23 and we closed with a full year PAT of 836 crore, with one of the best ROA and ROE ratios."

Result PDF

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Five-Star Business Finance Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increase in Provisions in Recent Results

Resistance and support

R1 823.4
R2 836.9
R3 850.0
Pivot

810.22

S1 796.7
S2 783.6
S3 770.1
EMA SMA
764.7
744.1
734.3
713.8
750.7
739.6
729.7
733.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
TPG ASIA VII SF PTE LTD Bulk Sell 2024-04-09 752.02 5654972 NSE
MATRIX PARTNERS INDIA INVESTMENT HOLDINGS II LLC Bulk Sell 2023-12-08 730 4684111 NSE
MATRIX PARTNERS INDIA INVESTMENT HOLDINGS II LLC Bulk Sell 2023-12-08 730.02 4529329 NSE
Name Category Shares
LAKSHMIPATHY D PROMOTER 10.49%
HEMA PROMOTER 7.14%
R DEENADAYALAN PROMOTER 0.56%
PEAK XV PARTNERS INVESTMENTS V PROMOTER 6.25%
MATRIX PARTNERS INDIA INVESTMENT HOLDINGS II, LLC PROMOTER 1.59%

FINANCIALS

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Profit after Tax
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Reserves and Surplus
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Five-Star Business Finance Ltd Stocks COMPARISON

INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,339.54 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Five-Star Business Finance Ltd Information

Stock PE (TTM)
28.35
Promoter Holding
26.51%
Book Value
177.6701
ROCE
14.44%
ROE
14.99%
Description
  • Five-Star Business Finance Limited was incorporated as a Private Limited Company under the name, `Five-Star Business Credits Private Limited` at Chennai, Tamil Nadu dated May 7, 1984. The Company converted from a Private Limited to a Public Limited and consequently, name of the Company was changed from `Five-Star Business Credits Private Limited` to `Five-Star Business Credits Limited` on October 3, 1988. Subsequently, Company changed its name of to `Five-Star Business Finance Limited` pursuant to a Special Resolution passed by the Shareholders at the EGM held on April 12, 2016, and a fresh Certificate of Incorporation consequent upon change of name was issued by the RoC on May 13, 2016. The Company is registered with the RBI to carry on the business of non-banking financial institution without accepting public deposits. The Company is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals, each of whom are largely excluded by traditional financing institutions. Headquartered in Chennai, Tamil Nadu with a strong presence in South India, all of its loans are secured by the borrowers` property, predominantly being SORP. The Company is primarily engaged in providing loans for business purposes, house renovation / extension purposes and other mortgage purposes. The Company had an extensive network of 311 branches, as of June 30, 2022 with Tamil Nadu, Andhra Pradesh, Telangana and Karnataka being the key states. It started operations in Chennai, Tamil Nadu and has increased scale of operations through growth in number of branches across geographies where there is substantial demand for their offering. It has implemented a comprehensive and robust credit assessment, risk management and collections framework to identify, monitor and manage risks inherent in their line of business. Apart from this, the Company secure financing from diversified sources of capital, including term loans; proceeds from loans securitized; proceeds from the issuance of NCDs; issuance of principal protected market linked debentures; and proceeds from loans assigned from banks, financial institutions, mutual funds, and other domestic and international development financial institutions, as applicable to meet capital requirements. In 2008, the Company rearranged portfolio for advances by moving focus to financing the immovable properties. In 2017, it expanded the geographical presence to Telangana. The Company had 1 wholly owned subsidiary, Five-Star Housing Finance Private Limited upto the financial year 2018-2019, which was merged with itself in financial year 2019-2020. During the FY ended March 31, 2023, the Company completed Initial Public Offer (IPO / Issue) of the 33,512,901 Equity Shares of Face Value of Re 1 each at a price of Rs 474 per equity share, including premium of Rs 473 per equity share aggregating to Rs 1588.51 Crores through Offer for Sale of Equity Shares by TPG Asia VII SF Pte. Ltd, Matrix Partners India Investment Holdings II LLC, Matrix Partners India Investments II Extension LLC, SCI Investments V and Norwest Venture Partners X - Mauritius, and as a result, Shares of the Company were listed in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) w.e.f November 21, 2022. The Company`s branch network increased to 373 by adding 73 new branches as on March 31, 2023.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543663
NSE Code : FIVESTAR
Book Closure Date (Month) :
BSE Group : A
ISIN : INE128S01021

FAQ’s on Five-Star Business Finance Ltd Shares

You can buy Five-Star Business Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Five-Star Business Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of Five-Star Business Finance Ltd was Rs.809.90.

The latest PE ratio of Five-Star Business Finance Ltd as of Jun 14, 2024 03:57 PM is 28.35

The latest PB ratio of Five-Star Business Finance Ltd as of Jun 14, 2024 03:57 PM is 0.22

The 52-week high of Five-Star Business Finance Ltd share price is Rs. 876.55 while the 52-week low is Rs. 600.05

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:57 PM, the market cap of Five-Star Business Finance Ltd stood at Rs. 23,685.44.

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