FIVESTAR
Five-Star Business Finance share price & financials
- Price
- ₹519.45
- Market cap
- ₹16.2k Cr
- Sector
- Financial Services
- Calls analysed
- 7
Five-Star Business Finance Limited Q1 FY27
What went well
- Disbursements reached an all-time high of ₹1,496 crores, growing 23% QoQ and 16% YoY.
- AUM grew 4% sequentially to ₹13,722 crores, indicating a strong growth trajectory.
- Collection efficiency remained robust at 97.9%, with x-bucket collections at 99.2%.
What to watch
- Asset yields dropped by 12 basis points this quarter, with an expected further contraction of 10-15 basis points over the next couple of quarters.
- Operating leverage is not expected to kick in during FY27, with cost to asset remaining at 5.75-6% for the year.
What Five-Star Business Finance Limited does
Five-Star Business Finance is a non-banking finance company (NBFC) that lends exclusively to small business owners and self-employed individuals with informal, cash-based incomes who are largely shut out of bank lending. Every loan is secured against the borrower's own residential property, and underwriting relies on a proprietary, ecosystem-based assessment of the borrower's cash-flow-generating ability rather than formal income documents or credit-bureau history. It has grown from a single-city lender since incorporation in 1984 into a branch-led business spanning southern and central India. The company also raises debt funding from banks, NBFCs and capital markets to finance its loan book.
Segments
- Secured Business Loans
- Branches
- 844
- States / UTs with branch presence
- 11
- Employees
- 14,159
- Live loan accounts
- 496,435
- Average loan ticket size
- ₹3–5 lakh
- Core operating geography
- Southern India (Tamil Nadu, Andhra Pradesh, Telangana, Karnataka) plus Madhya Pradesh, Maharashtra, Uttar Pradesh, Chhattisgarh, Rajasthan and Gujarat
Guidance record · Q1 FY27
what the last two calls moved 25 tracked 2 delivered 6 missed 17 open- ROA delivered said Q4 FY25 Promised: 7.5-8.0% for FY26 Q1 FY27: Historical target, remains achieved.
- AUM Growth missed said Q3 FY25 Promised: 25% for FY25 Q1 FY27: Historical target, remains missed.
- Credit Cost revised down said Q4 FY26 Promised: 1.7% to 1.75% for FY27 Q1 FY27: Q1 actual was 1.85%. Guidance revised up (worsened) to a range of 1.7% to 1.9% for FY27.
All 25 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 5.3%, net profit up 1.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 702 | 727 | 752 | 787 | 799 +14% | 815 +12% | 817 +9% | 829 +5% |
| Net profit | 268 | 274 | 279 | 266 | 286 +7% | 277 +1% | 269 −4% | 271 +2% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +2.9% 1Y
1Y: ₹535.3 on 10 Sept 2025 → ₹551.05. High ₹660 (3 Nov 2025), low ₹347.3 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.9%
- 27 Jul
- Q4 FY26
- −0.5%
- 29 Apr
- Q3 FY26
- −11.5%
- 29 Jan
- Q2 FY26
- +12.7%
- 29 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 28.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.5k Cr | ₹2.2k Cr | ₹2.8k Cr | ₹3.2k Cr |
| Interest | ₹266 Cr | ₹469 Cr | ₹667 Cr | ₹737 Cr |
| Depreciation | ₹18 Cr | ₹25 Cr | ₹30 Cr | ₹37 Cr |
| Net profit | ₹603 Cr | ₹836 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Net margin | 39.6% | 38.3% | 37.7% | 34.1% |
| ROE | 15.0% | 18.0% | 19.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹26 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹30 Cr |
| Reserves | ₹2.3k Cr | ₹3.7k Cr | ₹4.3k Cr | ₹5.2k Cr | ₹6.8k Cr | ₹7.4k Cr |
| Borrowings | ₹3.4k Cr | ₹2.6k Cr | ₹4.2k Cr | ₹6.3k Cr | — | ₹8.2k Cr |
| Other liabilities | ₹50 Cr | ₹74 Cr | ₹116 Cr | ₹177 Cr | ₹252 Cr | ₹209 Cr |
| Total liabilities | ₹5.8k Cr | ₹6.3k Cr | ₹8.7k Cr | ₹11.7k Cr | ₹15.4k Cr | ₹15.8k Cr |
| Fixed assets | ₹25 Cr | ₹33 Cr | ₹45 Cr | ₹64 Cr | ₹92 Cr | ₹88 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹72 Cr | ₹72 Cr |
| Investments | ₹0 Cr | ₹248 Cr | ₹145 Cr | ₹108 Cr | ₹220 Cr | ₹227 Cr |
| Other assets | ₹5.8k Cr | ₹6.1k Cr | ₹8.5k Cr | ₹11.5k Cr | ₹15.1k Cr | ₹15.4k Cr |
| Total assets | ₹5.8k Cr | ₹6.3k Cr | ₹8.7k Cr | ₹11.7k Cr | ₹15.4k Cr | ₹15.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −14.16 pp while DIIs added +12.87 pp. The shareholder count grew 48% to 1,02,270.
- Promoters
- 18.6%
- FIIs
- 44.0%
- DIIs
- 22.4%
- Public
- 15.1%
Since Jun 2025
- FIIs −14.16 pp
- DIIs +12.87 pp
- Public +4.14 pp
How it drifted, 12 quarters
Over this window DIIs went from 7.5% to 22.4% — +14.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 31.3%, FIIs 50.2%, DIIs 7.5%, Public 11.0%.Dec '23: Promoters 26.5%, FIIs 54.3%, DIIs 7.8%, Public 11.4%.Mar '24: Promoters 26.5%, FIIs 56.1%, DIIs 7.0%, Public 10.4%.Jun '24: Promoters 26.5%, FIIs 57.5%, DIIs 6.1%, Public 10.0%.Sep '24: Promoters 21.6%, FIIs 56.7%, DIIs 9.0%, Public 12.7%.Dec '24: Promoters 21.6%, FIIs 57.8%, DIIs 10.1%, Public 10.6%.Mar '25: Promoters 21.5%, FIIs 58.8%, DIIs 9.1%, Public 10.7%.Jun '25: Promoters 21.5%, FIIs 58.1%, DIIs 9.5%, Public 10.9%.Sep '25: Promoters 18.6%, FIIs 55.8%, DIIs 12.2%, Public 13.5%.Dec '25: Promoters 18.6%, FIIs 53.0%, DIIs 14.7%, Public 13.8%.Mar '26: Promoters 18.6%, FIIs 48.5%, DIIs 17.6%, Public 15.3%.Jun '26: Promoters 18.6%, FIIs 44.0%, DIIs 22.4%, Public 15.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund newly disclosed 3.11% held
- Whiteoak Capital Flexi Cap Fund Mutual fund newly disclosed 1.26% held
- Motilal Oswal Nifty Smallcap 250 Index Fund Mutual fund newly disclosed 1.03% held
- Kotak Small Cap Fund Mutual fund +0.18 pp 2.49% held
The same filing shows 1 holder trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Five-Star Business Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| D Lakshmipathy | 10.51% | unchanged |
| HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund | 7.48% | unchanged |
| Hema | 7.18% | unchanged |
| Sirius Ii Pte. Ltd. FPI fund | 5.96% | unchanged |
| Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund | 3.11% | newly disclosed |
| Peak XV Partners Investments V VC / PE | 2.89% | unchanged |
| Fidelity Funds - India Focus Fund Global fund house | 2.60% | unchanged |
| Kotak Small Cap Fund Mutual fund | 2.49% | +0.18 pp |
| Norwest Venture Partners X - Mauritius VC / PE | 2.39% | unchanged |
| Government Pension Fund Global Sovereign | 1.83% | −0.09 pp |
| Peak Xv Partners Growth Investments Iii VC / PE | 1.74% | unchanged |
| Sequoia Capital Global Growth Fund Iii- Endurance VC / PE | 1.61% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in FIVESTAR
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.06 L shares (+0.0%).
- Held by funds
- ₹883 Cr
- 9 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹366 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹366 Cr | held | Nov '24 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹230 Cr | held | Nov '23 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹142 Cr | held | Nov '23 |
| HDFC Value Fund HDFC Mutual Fund | ₹118 Cr | held | Nov '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹17 Cr | +0.04 L | Mar '23 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹8 Cr | +0.02 L | Mar '23 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +5,534 shares (+0.0%)
- Funds are sitting on
- -12%
- vs est. average cost
- Held by funds
- ₹883 Cr
- 9 schemes · ≈ 5.2% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹366 Cr · 0.3% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 3y 6m · since Mar '23
Shares held by these funds +1748%
Aug '23 1.61 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Five-Star Business Finance Limited
Guides on how to read this kind of business and the numbers that matter.