Rural/semi-urban affordable housing finance company (BSE: STARHFL) giving retail home loans up to Rs 25 lakhs to first-time EWS/LIG buyers across 6 Indian states via a 35+ branch network.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 25.8 | +7.4% YoY | Quarterly, as filed | Quarter to Dec 2025 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Dec 2025 | Not in the filed figures for the quarter to dec 2025. No older figure is substituted. | ||
| Net profit | 0.49 | −76.0% YoY | Quarterly, as filed | Quarter to Dec 2025 | Profit after tax as filed. |
| Return on equity | 4.55 | +0.4 pts | Trailing twelve months | TTM to Dec 2025 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | 23.79 | −10.9 pts | Trailing twelve months | TTM to Dec 2025 | Revenue change against the same period one year earlier. |
Guidance
1 of 1 judged target kept · 6 open · verdicts reflect calls analysed to Q1 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross NPA / Net NPA | You will see better portfolio risk numbers in the upcoming quarter. | Q4 FY25 | GNPA improved to 1.65% and NNPA improved to 1.13%. | Achieved |
| NSE Listing | Transition to NSE in current financial year (FY26), somewhere maybe in the latter half of the year. | Q4 FY25 | Formal application submitted on July 16, 2025. Two sets of queries replied to; awaiting optimal time for onboarding. | On Track |
6 of STAR HOUSING FINANCE LIMITED's 7 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 5 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹17.39 on 24 Oct 2025 → ₹3.89. High ₹17.39 (24 Oct 2025), low ₹3.67 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Star Housing Finance Limited (Star HFL) is a Mumbai-headquartered, BSE-listed housing finance company (HFC) that originates and services retail home loans of up to Rs 25 lakhs for first-time buyers from the Economically Weaker Section (EWS) and Low Income Group (LIG) in semi-urban and rural India. It earns interest and fee/commission income on loans for purchase of flats/houses, renovation, extension, balance-transfer of existing home loans, and purchase of plots for house construction, disbursed both on its own books and through co-lending tie-ups (e.g. with Vastu Housing Finance). Lending is funded through borrowings from banks, financial institutions, NHB refinance and NCDs, with the portfolio predominantly retail (individual housing loans) and a small residual wholesale/project-loan book.
Segments
Guidance
1 of 1 judged target kept · 6 open · verdicts reflect calls analysed to Q1 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross NPA / Net NPA | You will see better portfolio risk numbers in the upcoming quarter. | Q4 FY25 | GNPA improved to 1.65% and NNPA improved to 1.13%. | Achieved |
| NSE Listing | Transition to NSE in current financial year (FY26), somewhere maybe in the latter half of the year. | Q4 FY25 | Formal application submitted on July 16, 2025. Two sets of queries replied to; awaiting optimal time for onboarding. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 7 tracked commitments, with each call’s wording and source.
Call summaries
Star Housing Fin Q1 FY26
Star Housing Finance Limited reported a quarter of continued growth in AUM and disbursements, alongside stable asset quality. The company is actively pursuing capital market initiatives, including an NSE listing and authorized capital increase, while navigating a CFO transition. Management expressed optimism for H2 FY26, anticipating a ramp-up in operations and improved financial performance.
Read the full callStar Housing Fin Q4 FY25
Star Housing Finance Limited reported a strong FY25, marked by significant growth in AUM, total income, and PAT, despite a challenging liquidity environment. The company maintained focus on asset quality, with GNPA at 1.84%, and successfully diversified its funding sources. Strategic initiatives include deeper penetration in existing geographies, continued investment in technology, and an aspiration for NSE listing in the current financial year.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2020 to Mar 2025).
Financials
Net profit, year on year: −76% (quarter to dec 2025 against dec 2024).
| Line item | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 19 | 22 | 24 | 28 | 22 | 25 | 26 |
| Expenses | 7 | 7 | 7 | 9 | 11 | 7 | 9 | 11 |
| Other income | 3 | 2 | 1 | -1 | 0 | 0 | 0 | 0 |
| Interest | 8 | 10 | 11 | 12 | 13 | 13 | 14 | 14 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 4 | 4 | 3 | 4 | 2 | 2 | 1 |
| Tax rate | 33.5% | 22.6% | 22.3% | 18.7% | 22.2% | 21.5% | 22.5% | 36.8% |
| Net profit | 3 | 3 | 3 | 2 | 3 | 1 | 2 | 0 |
| EPS (₹ per share) | 0.20 | 0.22 | 0.22 | 0.15 | 0.21 | 0.10 | 0.13 | 0.03 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Sales | 35 | 59 | 93 |
| Expenses | 18 | 22 | 33 |
| Other income | 2 | 3 | 2 |
| Interest | 11 | 28 | 46 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 8 | 11 | 14 |
| Net profit | 7 | 9 | 11 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 16 | 17 | 39 | 39 | 39 | 39 |
| Reserves | 38 | 48 | 68 | 94 | 104 | 107 |
| Borrowings | 64 | 78 | 162 | 320 | 404 | 392 |
| Other liabilities | 7 | 11 | 17 | 37 | 7 | 17 |
| Total liabilities | 125 | 153 | 286 | 490 | 555 | 555 |
| Fixed assets | 2 | 2 | 3 | 3 | 3 | 4 |
| Capital work in progress | 0 | 0 | 1 | 2 | 0 | 0 |
| Investments | 4 | 9 | 7 | 8 | 8 | 10 |
| Other assets | 120 | 143 | 274 | 477 | 544 | 542 |
| Total assets | 125 | 153 | 286 | 490 | 555 | 555 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -11 | -9 | -6 | -111 | -129 | -65 |
| Cash from investing | 0 | -4 | -7 | -10 | -14 | 4 |
| Cash from financing | 9 | 32 | 22 | 120 | 176 | 85 |
| Net cash flow | -2 | 19 | 9 | -1 | 33 | 23 |
| Free cash flow | -11 | -10 | -7 | -114 | -131 | -65 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Return on equity | 12.0% | 3.0% | 1.0% | 8.0% | 7.0% | 8.0% |
| Dividend payout | 3.0% | 15.0% | 53.0% | 6.0% | 0.0% | 7.0% |
Ownership
Public hold 82.42% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
Named in the Jun 2026 filing
Every holder of STAR HOUSING FINANCE LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.94% | unchanged | |
| 5.86% | unchanged | |
| 2.42% | unchanged | |
| 2.41% | unchanged | |
| 2.41% | unchanged | |
| 2.08% | unchanged | |
| 2.05% | unchanged | |
| 1.60% | unchanged | |
| 1.57% | unchanged | |
| 1.28% | unchanged | |
| 1.27% | −0.06 pp | |
| 1.27% | 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.
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