Star Housing Finance Ltd

₹ 54.3 -0.95%

14 Jun - close price

About

Incorporated in 2005, Star Housing Finance Ltd provides loans for the purchase, construction, development and repair of houses, apartments
and commercial properties in India^[1]

Key Points

Business Overview:^[1]^[2]
Star HFL is registered as a Non-Deposit Taking Non- Banking finance Company - Housing Finance Company (HFC). It is a rural-focused housing finance company operational in affordable housing finance. Company offers retail home loans up to Rs. 25 lakhs. These loans qualify under Priority Sector Lending Norms and the units financed qualify under PMAY guidelines

Website BSE

Market Cap ₹ 428 Cr.
Current Price ₹ 54.3
High / Low ₹ 82.5 / 34.1
Stock P/E 48.2
Book Value ₹ 16.9
Dividend Yield 0.09 %
ROCE 10.9 %
ROE 7.46 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 3.22 times its book value
Company has low interest coverage ratio.
Promoter holding is low: 19.6%
Company has a low return on equity of 6.31% over last 3 years.
Promoter holding has decreased over last 3 years: -20.7%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Housing

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	4.17	4.34	4.54	4.71	5.11	5.15	8.63	9.96	11.60	12.29	13.67	16.33	16.33
Interest	1.38	1.41	1.65	1.62	1.49	2.01	2.06	2.84	4.38	5.45	6.53	7.67	8.18
	3.99	2.69	2.35	2.66	2.78	3.14	4.04	4.25	6.16	4.62	4.78	5.41	6.85
Financing Profit	-1.20	0.24	0.54	0.43	0.84	0.00	2.53	2.87	1.06	2.22	2.36	3.25	1.30
Financing Margin %	-28.78%	5.53%	11.89%	9.13%	16.44%	0.00%	29.32%	28.82%	9.14%	18.06%	17.26%	19.90%	7.96%
	0.00	0.13	0.01	0.00	0.50	1.01	0.00	0.00	0.90	0.00	0.00	0.00	3.01
Depreciation	0.05	0.05	0.06	0.07	0.10	0.07	0.08	0.10	0.10	0.14	0.15	0.18	0.19
Profit before tax	-1.25	0.32	0.49	0.36	1.24	0.94	2.45	2.77	1.86	2.08	2.21	3.07	4.12
Tax %	39.20%	28.12%	22.45%	19.44%	34.68%	25.53%	29.80%	29.60%	-40.86%	25.00%	6.33%	17.92%	33.50%
	-0.75	0.24	0.37	0.30	0.82	0.70	1.72	1.94	2.62	1.55	2.07	2.52	2.74
EPS in Rs	-0.12	0.04	0.06	0.05	0.12	0.11	0.24	0.26	0.34	0.20	0.27	0.32	0.35
Gross NPA %							2.54%	2.15%	1.68%	1.56%	1.46%	1.64%	1.50%
Net NPA %							1.97%	1.65%	1.25%	1.13%	1.08%	1.24%	1.02%
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Revenue	0.74	1.37	2.01	2.71	3.36	6.97	11.73	15.90	15.69	18.72	35.33	58.62
Interest	0.20	0.38	0.37	0.30	0.47	1.71	4.51	4.92	5.01	6.17	11.40	27.83
	0.28	0.46	0.65	0.69	0.78	1.31	1.23	4.81	8.35	11.60	17.47	21.66
Financing Profit	0.26	0.53	0.99	1.72	2.11	3.95	5.99	6.17	2.33	0.95	6.46	9.13
Financing Margin %	35.14%	38.69%	49.25%	63.47%	62.80%	56.67%	51.07%	38.81%	14.85%	5.07%	18.28%	15.57%
	0.00	0.01	0.01	0.02	0.04	0.09	0.00	0.00	0.00	0.64	1.91	3.01
Depreciation	0.01	0.01	0.02	0.05	0.05	0.04	0.03	0.04	0.15	0.27	0.36	0.67
Profit before tax	0.25	0.53	0.98	1.69	2.10	4.00	5.96	6.13	2.18	1.32	8.01	11.47
Tax %	24.00%	32.08%	31.63%	31.36%	32.86%	27.75%	31.21%	17.78%	28.44%	53.03%	12.98%	22.58%
	0.19	0.37	0.67	1.16	1.41	2.90	4.10	5.04	1.56	0.62	6.98	8.88
EPS in Rs	0.18	0.22	0.14	0.24	0.30	0.60	0.85	0.81	0.25	0.09	0.90	1.13
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.11%	15.07%	53.48%	5.53%	0.00%

Compounded Sales Growth
10 Years:	46%
5 Years:	38%
3 Years:	55%
TTM:	66%

Compounded Profit Growth
10 Years:	37%
5 Years:	17%
3 Years:	79%
TTM:	27%

Stock Price CAGR
10 Years:	%
5 Years:	36%
3 Years:	32%
1 Year:	16%

Return on Equity
10 Years:	7%
5 Years:	6%
3 Years:	6%
Last Year:	7%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.28	2.17	5.93	5.93	11.87	12.08	12.08	15.67	15.67	16.58	38.58	39.36
Reserves	3.19	7.96	9.45	10.60	6.08	10.53	17.97	36.80	37.97	46.22	66.54	93.65
	2.04	2.80	2.73	1.27	6.68	29.56	41.75	37.70	64.28	78.48	162.50	320.30
	0.10	0.15	0.28	0.34	0.35	2.10	0.84	0.77	6.84	11.98	17.89	37.00
Total Liabilities	6.61	13.08	18.39	18.14	24.98	54.27	72.64	90.94	124.76	153.26	285.51	490.31
	0.03	0.02	0.04	0.46	0.47	0.46	1.00	1.21	1.57	1.65	3.76	3.09
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.86
Investments	0.80	0.88	0.88	0.88	0.88	0.88	3.56	3.56	3.56	8.58	7.38	8.01
	5.78	12.18	17.47	16.80	23.63	52.93	68.08	86.17	119.63	143.03	274.37	477.35
Total Assets	6.61	13.08	18.39	18.14	24.98	54.27	72.64	90.94	124.76	153.26	285.51	490.31

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.78	-5.41	-1.38	-2.16	-2.81	-22.09	-13.90	-10.67	-9.01	-6.29	-111.03	-129.00
	-0.71	0.16	0.07	-0.32	0.17	0.20	-0.01	-0.25	-4.01	-7.05	-10.14	-14.37
	3.46	6.05	4.51	-1.46	4.61	20.94	15.86	8.95	32.02	22.41	120.09	176.20
Net Cash Flow	-0.03	0.80	3.20	-3.95	1.97	-0.95	1.94	-1.96	19.00	9.08	-1.08	32.83

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
ROE %	5.50%	5.07%	5.25%	7.27%	8.18%	14.30%	15.57%	12.22%	2.94%	1.06%	8.31%	7.46%

Shareholding Pattern

Numbers in percentages

11 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Jul 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	40.90%	40.90%	41.21%	37.38%	35.93%	31.23%	24.02%	22.90%	22.22%	20.62%	19.79%	19.62%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.06%	1.04%	1.04%	1.04%	0.51%	1.15%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%
	59.10%	59.10%	58.79%	62.62%	64.07%	68.77%	74.93%	76.06%	76.74%	78.13%	79.70%	79.24%
No. of Shareholders	1,049	1,180	1,591	1,966	1,957	2,204	7,383	6,589	6,404	5,494	6,093	8,514

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	51.87%	52.25%	52.67%	42.03%	40.34%	37.38%	22.90%	19.62%
	0.00%	0.00%	0.00%	0.00%	0.38%	0.00%	1.04%	1.15%
	48.13%	47.75%	47.33%	57.97%	59.27%	62.62%	76.06%	79.24%
No. of Shareholders	306	675	733	836	1,054	1,966	6,589	8,514

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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