Overview

Detailed Summary

Star Housing Finance Limited is an affordable housing finance company focused on EWS/LIG/MIG home loans, operating from a Mumbai corporate office with 35+ points of presence across six states; as of Dec 31, 2025 AUM stood at Rs.569.86 crore with 5,500+ live accounts and an average loan size around Rs.10 lakh.
The company has undergone a clear professionalisation since 2019: migration from BSE SME to Main Board, relocation of corporate office to Mumbai, expansion to a 250+ employee base, induction of ex‑NHB/LIC/IDBI professionals on the board and cumulative net worth strengthening to ~Rs.147 crore through capital infusion and PAT accretion.
Asset quality shows resilience for a fast‑growing affordable housing lender: GNPA at 1.84% and NNPA at 1.49% as of Dec 31, 2025, with management stating provisions and write‑offs provide full coverage on GNPA. Historical GNPA improved from near 3% in FY21-22 to current levels, indicating underwriting stability during scale‑up.
Funding and profitability metrics reflect growth phase dynamics: borrowings increased to ~Rs.400 crore with a diversified lender base including NHB and SBI, net interest income at Rs.31.25 crore for 9M FY25‑26 and PBT of Rs.4.84 crore for 9M FY25‑26; margin and finance cost pressures are evident as finance cost rose year‑on‑year.
Concentration and product mix remain notable: retail lending accounts for 99% of portfolio, 95% of loans are up to Rs.25 lakh and Maharashtra constitutes 70% of AUM; while this focus supports deep expertise in target segments, it represents regional concentration risk that management needs to mitigate as scale continues.

Sector: Finance
Industry: Housing Finance Company
Market Cap: 55 Cr
Volatility: Low Risk
P/E Ratio: 8.3
Industry P/E: 18.8
PEG Ratio: 0.1
P/B Ratio: 0.4
52W High: 32.49
52W Low: 3.67

Sales CAGR

1Y: 57.88%
3Y: 70.34%
5Y: 42.22%
10Y: 48.92%

Profit CAGR

1Y: 25.00%
3Y: 161.29%
5Y: 17.10%
10Y: 28.58%

ROE

TTM: 5.59%
3Y: 7.03%
5Y: 5.82%
10Y: 6.82%

ROCE

TTM: 11.56%
3Y: 9.37%
5Y: 8.73%
10Y: 9.37%

Technicals

‌

Forecasts

Peers

Financial Services Financial Services Finance Housing Finance Company

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RHFL		2.19	106 Cr	4.40	0.00	0.00	7.65	25.35	1529.75
STARHFL		7.02	55 Cr	8.35	0.38	1.42	5.59	11.56	1.20
INDBNK		45.74	46 Cr	-508.22	0.00	0.00	0.07	-0.46	-0.46
INDIAHOME		30.94	44 Cr	491.00	1.07	0.00	0.23	8.78	0.09
SAHARAHOUS		40.12	28 Cr	82.59	0.53	0.00	0.65	3.04	0.49
MANRAJH		42.00	21 Cr	-44.68	0.00	0.00	63.99	-2.46	-2.41
ZHINDHSG		—	0 Cr	0.04	0.00	0.00	3.70	4.76	3.33
Median: 7 Co.	—	35.53	44 Cr	4.40	0.00	0.00	3.70	4.76	0.49

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	14	16	16	19	22	24	28	22	25	26
Expenses	4.78	5.41	6.85	6.68	7.38	8.65	11	6.94	8.59	11
Interest	6.53	7.67	8.18	10	11	12	13	13	14	14
Financing Profit	2.36	3.25	1.30	2.03	3.40	3.24	3.93	1.99	2.72	1.19
Financing Margin %	17.26	19.90	7.96	10.74	15.53	13.48	14.18	9.12	10.82	4.61
Other Income	0.00	0.00	3.01	2.05	0.73	-0.55	0.18	0.00	0.00	0.00
Depreciation	0.15	0.18	0.19	0.17	0.18	0.19	0.28	0.22	0.41	0.42
Profit Before Tax	2.21	3.07	4.12	3.91	3.95	2.51	3.83	1.77	2.31	0.77
Tax %	6.33	17.92	33.50	22.76	22.28	18.73	22.19	22.03	22.51	35.06
Net Profit	2.07	2.52	2.74	3.02	3.06	2.04	2.98	1.38	1.79	0.49
EPS in Rs	0.13	0.31	0.34	0.37	0.38	0.25	0.38	0.18	0.23	0.06
Gross NPA %	1.46	1.64	1.50	1.57	1.56	0.00	0.00	1.65	0.00	0.00
Net NPA %	1.08	1.24	1.02	1.12	1.09	0.00	0.00	1.13	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	3.14	6.59	12	16	16	19	35	59	93	95
Expenses	0.78	1.31	1.23	4.82	8.37	12	18	22	33	34
Interest	0.47	1.71	4.51	4.92	4.99	6.17	11	28	46	49
Financing Profit	1.88	3.57	5.99	6.17	2.33	0.95	6.46	9.12	13	13
Financing Margin %	60.03	54.18	51.06	38.78	14.86	5.07	18.28	15.57	13.61	13.16
Other Income	0.27	0.46	0.00	0.00	0.00	0.64	1.91	3.01	2.41	NaN
Depreciation	0.05	0.04	0.03	0.04	0.15	0.27	0.36	0.67	0.82	0.87
Profit Before Tax	2.10	4.00	5.95	6.12	2.18	1.32	8.02	11	14	12
Tax %	302.00	361.91	321.54	564.81	347.98	189.28	773.48	443.26	459.32	21.56
Net Profit	1.41	2.90	4.10	5.04	1.56	0.62	6.98	8.88	11	9.46
EPS in Rs	0.93	0.35	0.54	0.65	0.20	0.22	0.86	0.97	1.38	0.85
Dividend Payout %	—	—	—	3,690.00	660.00	50.00	1,860.00	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.93	12	12	12	16	16	17	39	39	39
Reserves	11	6.08	11	18	37	38	48	68	94	104
Borrowings	1.25	5.86	25	42	38	64	78	162	320	404
Other Liabilities	0.35	1.17	6.63	0.34	0.77	6.84	11	17	37	7.32
Total Liabilities	18	25	54	73	91	125	153	286	490	555
Fixed Assets	0.46	0.47	0.46	1.00	1.21	1.57	1.65	2.57	3.09	2.96
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.19	1.86	0.00
Investments	0.00	0.00	0.00	3.56	3.56	3.56	8.58	7.38	8.01	8.49
Other Assets	18	25	54	68	86	120	143	274	477	544
Total Assets	18	25	54	73	91	125	153	286	490	555

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-2.16	-2.81	-22	-14	-11	-9.01	-6.29	-111	-129	-65
Cash from Investing Activity	-0.32	0.17	0.20	-0.01	-0.25	-4.01	-7.05	-10	-14	3.96
Cash from Financing Activity	-1.46	4.61	21	16	8.95	32	22	120	176	85
Net Cash Flow	-3.95	1.97	-0.95	1.94	-1.96	19	9.08	-1.08	33	23

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	22.22%	20.62%	19.79%	19.62%	19.61%	18.85%	18.78%	18.78%	18.44%	18.36%	17.65%	17.59%
FIIs	1.04%	1.04%	0.51%	1.14%	1.16%	0.86%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.22%	0.00%	0.00%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Public	76.74%	78.13%	79.70%	79.23%	79.16%	80.22%	80.60%	81.15%	81.48%	81.56%	82.27%	82.34%
Total Shareholders	6,404	5,494	6,093	8,514	8,003	9,212	9,621	9,435	9,193	10,157	10,637	10,839

Market Transactions

Unlock more with professional

Real-time bulk & block deal transactions
Export transaction data for analysis

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan