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Five-Star Business Finance Ltd share Price Today

Company details

701.10
728.90
496.10
876.55
6M Return -2.95%
1Y Return 35.90%
Mkt Cap.(Cr) 21,088.42
Volume 555,964
Div Yield 0.00%
OI
-
OI Chg %
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Volume 555,964

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Non-banking Financial company Five-Star Business Finance announced Q2FY24 results:

1. Financial Performance:
- AUM increased by 44% YoY and 9% QoQ, reaching Rs 8,264 crores.
- Disbursements for the quarter amounted to Rs 1,204 crores, a 50% YoY growth, and Rs 2,336 crores for the half year, a 70% increase compared to the same period last year.
- PAT for the quarter stood at Rs 199 crores, a 38% YoY rise, and Rs 383 crores for the half year, a 35% increase compared to the previous year.

2. Asset Quality:
- Gross Stage 3 assets (NPA) stood at 1.35% of AUM, while net Stage 3 (NPA reduced by impairment allowance) was 0.68% of AUM.
- NPA numbers decreased from the previous quarter, with 30 DPD reducing from 9.68% to 8.59% during the current quarter.

3. Operational Highlights:
- Five-Star Business Finance added 70 branches during Q2FY2024, bringing the total branch network to 456.
- Collection efficiency for the quarter was 100.3%, and improvements were seen across various DPD buckets.

Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance, said, "Five Star continued to witness strong traction across business and disbursal demand and collections momentum. During the quarter, we disbursed Rs 1,204 Crores of loans as against Rs 1,132 Crores in the sequential quarter and also registered a disbursement growth of 50% on Y-o-Y basis. We added 70 branches during Q2FY2024, our highest ever branch additions in a quarter, resulting in a strong branch network of 456 branches, to deliver quality service to our customers.

On the collections front, we saw a strong set of numbers, across the metrics of collections efficiency and 30 DPD. We had a collection efficiency of 100.3% for the quarter and improvement across the various DPD buckets. We saw a decrease in NPA numbers as compared to the previous quarter (1.35% in Q2FY24 vs 1.41% in Q1FY24), our 30 came down from 9.68% last quarter to 8.59% during the current quarter. We are very confident that the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality and profitability.

We continued to grow consistently and delivered an AUM growth of 44% Year on Year. PAT for Q2FY2024 has grown at 38% as compared to Q2FY2023 and our ROA and ROE stand as one of the best in the industry."

 

 

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Five-Star Business Finance Ltd shares SWOT Analysis

Strengths (9)

  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results
  • Company reducing Debt

Weakness (2)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (2)

  • Decrease in Provision in recent results
  • High Volume, High Gain

Threats (2)

  • Promoter decreasing their shareholding
  • RSI indicating price weakness

Resistance and support

R1 733.3
R2 745.0
R3 761.1
Pivot

717.22

S1 705.5
S2 689.4
S3 677.7
EMA SMA
740.3
743.2
736.2
698.8
750.6
738.8
747.0
708.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
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
TPG ASIA VII SF PTE LTD Bulk Sell 2023-12-08 730.12 4453747 NSE
Name Category Shares
LAKSHMIPATHY D PROMOTER 10.5%
HEMA PROMOTER 7.15%
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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Five-Star Business Finance Ltd Stocks COMPARISON

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 4,339.54 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,580.50 -5,207.40
LAST 3M 60,912.34 -26,979.54
LAST 6M 120,020.87 9,689.82
LAST 12M 181,151.65 180,381.32
NSE Board Meetings Forthcomming

Feb 29, 2024 l NSE Board Meetings Forthcomming

Board Meetings Forthcomming

Feb 29, 2024 l Board Meetings Forthcomming

Five-Star Business Finance announces board meeting date

Feb 21, 2024 l BSE Announcement

Date Action Type Ratio
No data found

Five-Star Business Finance Ltd Information

Stock PE (TTM)
27.33
Promoter Holding
26.53%
Book Value
162.0469
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 : B
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 Feb 27, 2024 03:58 PM the closing price of Five-Star Business Finance Ltd was ₹ 721.65.

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 Feb 27, 2024 03:58 PM, the market cap of Five-Star Business Finance Ltd stood at ₹ 21,088.42.

The latest PE ratio of Five-Star Business Finance Ltd as of Feb 27, 2024 03:58 PM is 27.33

The latest PB ratio of Five-Star Business Finance Ltd as of Feb 27, 2024 03:58 PM is 0.22

The 52-week high of Five-Star Business Finance Ltd is ₹ 876.55 while the 52-week low is ₹ 496.10

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