Star Housing Finance Ltd

Star Housing Finance Ltd

₹ 61.2 -1.86%
21 Feb 4:01 p.m.
About

AKME STAR HOUSING FINANCE LTD. is a housing finance company that started in 2005, that provides home loans to Low and Mid-Income Group households It is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY). Currently, the business is spread across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, and Tamil Nadu. [1] [2]

Key Points

Product Offerings
The Co. offers home loans for various purposes such as purchase of flats/houses, renovation of existing units, extension of existing units, balance transfer and purchase of plot for construction of houses. [1]

  • Market Cap 472 Cr.
  • Current Price 61.2
  • High / Low 82.5 / 40.0
  • Stock P/E 53.9
  • Book Value 14.6
  • Dividend Yield 0.08 %
  • ROCE 9.49 %
  • ROE 8.31 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • Stock is trading at 4.20 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.83%
  • Promoter holding is low: 19.8%
  • Company has a low return on equity of 4.69% over last 3 years.
  • Company might be capitalizing the interest cost

* 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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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 4.12 4.17 4.34 4.54 4.71 5.11 5.15 8.63 9.96 11.60 12.29 13.67 16.33
Interest 1.16 1.38 1.41 1.65 1.62 1.49 2.01 2.06 2.84 4.38 5.45 6.53 7.67
1.56 3.99 2.69 2.35 2.66 2.78 3.14 4.04 4.25 6.16 4.62 4.78 5.41
Financing Profit 1.40 -1.20 0.24 0.54 0.43 0.84 0.00 2.53 2.87 1.06 2.22 2.36 3.25
Financing Margin % 33.98% -28.78% 5.53% 11.89% 9.13% 16.44% 0.00% 29.32% 28.82% 9.14% 18.06% 17.26% 19.90%
0.00 0.00 0.13 0.01 0.00 0.50 1.01 0.00 0.00 0.90 0.00 0.00 0.00
Depreciation 0.04 0.05 0.05 0.06 0.07 0.10 0.07 0.08 0.10 0.10 0.14 0.15 0.18
Profit before tax 1.36 -1.25 0.32 0.49 0.36 1.24 0.94 2.45 2.77 1.86 2.08 2.21 3.07
Tax % 38.97% 39.20% 28.12% 22.45% 19.44% 34.68% 25.53% 29.80% 29.60% -40.86% 25.00% 6.33% 17.92%
0.82 -0.75 0.24 0.37 0.30 0.82 0.70 1.72 1.94 2.62 1.55 2.07 2.52
EPS in Rs 0.13 -0.12 0.04 0.06 0.05 0.12 0.11 0.24 0.26 0.34 0.20 0.27 0.33
Gross NPA % 2.54% 2.15% 1.68% 1.56% 1.46% 1.64%
Net NPA % 1.97% 1.65% 1.25% 1.13% 1.08% 1.24%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 0.44 0.74 1.37 2.01 2.71 3.36 6.97 11.73 15.90 15.69 18.72 35.33 53.89
Interest 0.05 0.20 0.38 0.37 0.30 0.47 1.71 4.51 4.92 5.01 6.17 11.40 24.03
0.19 0.28 0.46 0.65 0.69 0.78 1.31 1.23 4.81 8.35 11.60 17.47 20.97
Financing Profit 0.20 0.26 0.53 0.99 1.72 2.11 3.95 5.99 6.17 2.33 0.95 6.46 8.89
Financing Margin % 45.45% 35.14% 38.69% 49.25% 63.47% 62.80% 56.67% 51.07% 38.81% 14.85% 5.07% 18.28% 16.50%
0.00 0.00 0.01 0.01 0.02 0.04 0.09 0.00 0.00 0.00 0.64 1.91 0.90
Depreciation 0.01 0.01 0.01 0.02 0.05 0.05 0.04 0.03 0.04 0.15 0.27 0.36 0.57
Profit before tax 0.19 0.25 0.53 0.98 1.69 2.10 4.00 5.96 6.13 2.18 1.32 8.01 9.22
Tax % 26.32% 24.00% 32.08% 31.63% 31.36% 32.86% 27.75% 31.21% 17.78% 28.44% 53.03% 12.98%
0.13 0.19 0.37 0.67 1.16 1.41 2.90 4.10 5.04 1.56 0.62 6.98 8.76
EPS in Rs 0.18 0.18 0.22 0.14 0.24 0.30 0.60 0.85 0.81 0.25 0.09 0.90 1.14
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.11% 15.07% 53.48% 5.53%
Compounded Sales Growth
10 Years: 47%
5 Years: 38%
3 Years: 30%
TTM: 87%
Compounded Profit Growth
10 Years: 43%
5 Years: 19%
3 Years: 11%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: 31%
3 Years: 46%
1 Year: 26%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 5%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.92 1.28 2.17 5.93 5.93 11.87 12.08 12.08 15.67 15.67 16.58 38.58 38.61
Reserves 1.52 3.19 7.96 9.45 10.60 6.08 10.53 17.97 36.80 37.97 46.22 66.54 73.87
0.41 2.04 2.80 2.73 1.27 6.68 29.56 41.75 37.70 64.28 78.48 162.50 224.08
0.20 0.10 0.15 0.28 0.34 0.35 2.10 0.84 0.77 6.84 11.98 17.89 22.33
Total Liabilities 3.05 6.61 13.08 18.39 18.14 24.98 54.27 72.64 90.94 124.76 153.26 285.51 358.89
0.04 0.03 0.02 0.04 0.46 0.47 0.46 1.00 1.21 1.57 1.65 3.76 4.96
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.80 0.88 0.88 0.88 0.88 0.88 3.56 3.56 3.56 8.58 7.38 7.73
3.01 5.78 12.18 17.47 16.80 23.63 52.93 68.08 86.17 119.63 143.03 274.37 346.20
Total Assets 3.05 6.61 13.08 18.39 18.14 24.98 54.27 72.64 90.94 124.76 153.26 285.51 358.89

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0.28 -2.78 -5.41 -1.38 -2.16 -2.81 -22.09 -13.90 -10.67 -9.01 -6.29 -111.03
0.11 -0.71 0.16 0.07 -0.32 0.17 0.20 -0.01 -0.25 -4.01 -7.05 -10.14
0.20 3.46 6.05 4.51 -1.46 4.61 20.94 15.86 8.95 32.02 22.41 120.09
Net Cash Flow 0.03 -0.03 0.80 3.20 -3.95 1.97 -0.95 1.94 -1.96 19.00 9.08 -1.08

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 5.47% 5.50% 5.07% 5.25% 7.27% 8.18% 14.30% 15.57% 12.22% 2.94% 1.06% 8.31%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
40.34% 40.90% 40.90% 41.21% 37.38% 35.93% 24.58% 24.02% 22.90% 22.22% 20.62% 19.79%
0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.06% 1.04% 1.04% 1.04% 0.51%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.00%
59.27% 59.10% 59.10% 58.79% 62.62% 64.07% 75.42% 74.93% 76.06% 76.74% 78.13% 79.70%
No. of Shareholders 1,0541,0491,1801,5911,9661,9573,8377,3836,5896,4045,4946,093

* 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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Documents

Concalls