Five-Star Business Finance Ltd.

•

₹ 520.95-1.23%

2026-08-21

fivestargroup.inBSE: 543663NSE: FIVESTAR

Market Cap₹ 15,372 Cr.

Current Price₹ 527

High / Low₹ 666 / 338

Stock P/E0.0

Book Value₹ 258

Price to Book1.42

Dividend Yield0.38 %

ROCE14.8 %

ROE16.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 25.1% CAGR over last 5 years
Comfortable capital adequacy - CAR of 51.9%
Solid return on assets for a lender - ROA of 7.3%
Company has delivered good sales growth of 25.1% CAGR over last 5 years
Stock looks reasonably valued - P/E of 9.5 is below its historical median
Attractively priced for its growth - PEG of 0.4

CONS

Net NPA is elevated at 2.0% - provisioning cushion is thin
Promoter holding has decreased over last 2 years: -7.9pp
Free cash flow has been persistently negative
Though reporting repeated profits, the company pays out little dividend (5.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BAJFINANCE	1078.60	33.07	671531.43	0.56	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1104.90	22.97	259981.15	0.98	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	JIOFIN	242.70	77.55	160258.25	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
4.	CHOLAFIN	1866.25	27.72	159390.07	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	TATACAP	365.15	28.68	155001.39	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11322.85	14.23	126015.97	1.72	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2859.20	10.09	114787.87	1.05	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.75	26.46	108592.29	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	315.00	24.80	78940.44	0.87	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	626.30	0.00	59601.37	0.40	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	681.15	26.00	56579.31	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	FIVESTAR	520.75	98.12	15371.95	0.38	271.41	1.91	828.98	5.38	14.79	64.28

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	480	519	567	616	666	702	727	752	787	799	815	817	829
	137	144	145	161	169	178	186	204	241	235	255	277	477
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	3	4	3	3	3	4	4	7	5	7	7	9	10
Interest	96	106	129	138	158	163	171	175	187	180	189	181	172
Depreciation	5	6	7	7	6	7	8	9	8	9	10	10	9
	246	267	290	313	336	358	365	371	355	382	369	357	362
Tax %	25.28%	25.32%	25.23%	24.63%	25.17%	25.20%	25.00%	24.78%	24.97%	25.08%	24.89%	24.60%	25.02%
Net Profit	184	199	217	236	252	268	274	279	266	286	277	269	271
	6	7	7	8	9	916	9	9	9	10	9	9	1
Equity Capital	29	29	29	29	29	29	29	29	29	29	29	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%
Equity Capital	29	29	29	29	29	29	29	29	29	29	29	30	30
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%

Jun 2023

: 480
: 137
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 96
Depreciation: 5
: 246
Tax %: 25.28%
Net Profit: 184
: 6
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 519
: 144
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 106
Depreciation: 6
: 267
Tax %: 25.32%
Net Profit: 199
: 7
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 567
: 145
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 129
Depreciation: 7
: 290
Tax %: 25.23%
Net Profit: 217
: 7
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 616
: 161
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 138
Depreciation: 7
: 313
Tax %: 24.63%
Net Profit: 236
: 8
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 666
: 169
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 158
Depreciation: 6
: 336
Tax %: 25.17%
Net Profit: 252
: 9
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 702
: 178
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 163
Depreciation: 7
: 358
Tax %: 25.20%
Net Profit: 268
: 916
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 727
: 186
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 171
Depreciation: 8
: 365
Tax %: 25.00%
Net Profit: 274
: 9
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 752
: 204
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 175
Depreciation: 9
: 371
Tax %: 24.78%
Net Profit: 279
: 9
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 787
: 241
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 187
Depreciation: 8
: 355
Tax %: 24.97%
Net Profit: 266
: 9
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 799
: 235
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 180
Depreciation: 9
: 382
Tax %: 25.08%
Net Profit: 286
: 10
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 815
: 255
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 189
Depreciation: 10
: 369
Tax %: 24.89%
Net Profit: 277
: 9
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 29
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 817
: 277
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 181
Depreciation: 10
: 357
Tax %: 24.60%
Net Profit: 269
: 9
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 829
: 477
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 172
Depreciation: 9
: 362
Tax %: 25.02%
Net Profit: 271
: 1
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 30
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	83	196	409	787	1,050	1,254	1,521	2,183	2,848	3,218	3,260
	30	64	110	210	237	337	439	582	733	1,004	1,245
Operating Profit	55	133	299	578	814	919	1,090	1,613	2,133	2,242	—
OPM %	67	68	73	73	78	73	72	74	75	70	—
Other Income	3	1	0	1	2	2	8	12	18	28	33
Interest	24	55	76	218	327	302	268	472	672	742	721
Depreciation	1	3	4	10	11	12	17	25	30	37	38
	31	76	218	349	476	604	805	1,116	1,431	1,463	1,470
Tax %	37	28	28	25	25	25	25	25	25	25	25
Net Profit	19	54	157	262	359	454	603	836	1,072	1,099	1,104
EPS	14	31	67	101	14	16	20	29	36	37	—
Dividend Payout %	0	0	0	0	0	0	0	0	5	5	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	28	66	102	140	16	21	29	36	37	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	14	28	66	102	140	16	21	29	36	37	—

Mar 2017

: 83
: 30
Operating Profit: 55
OPM %: 67
Other Income: 3
Interest: 24
Depreciation: 1
: 31
Tax %: 37
Net Profit: 19
EPS: 14
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2018

: 196
: 64
Operating Profit: 133
OPM %: 68
Other Income: 1
Interest: 55
Depreciation: 3
: 76
Tax %: 28
Net Profit: 54
EPS: 31
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28

Mar 2019

: 409
: 110
Operating Profit: 299
OPM %: 73
Other Income: 0
Interest: 76
Depreciation: 4
: 218
Tax %: 28
Net Profit: 157
EPS: 67
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 66

Mar 2020

: 787
: 210
Operating Profit: 578
OPM %: 73
Other Income: 1
Interest: 218
Depreciation: 10
: 349
Tax %: 25
Net Profit: 262
EPS: 101
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 102
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 102

Mar 2021

: 1,050
: 237
Operating Profit: 814
OPM %: 78
Other Income: 2
Interest: 327
Depreciation: 11
: 476
Tax %: 25
Net Profit: 359
EPS: 14
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 140
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 140

Mar 2022

: 1,254
: 337
Operating Profit: 919
OPM %: 73
Other Income: 2
Interest: 302
Depreciation: 12
: 604
Tax %: 25
Net Profit: 454
EPS: 16
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

Mar 2023

: 1,521
: 439
Operating Profit: 1,090
OPM %: 72
Other Income: 8
Interest: 268
Depreciation: 17
: 805
Tax %: 25
Net Profit: 603
EPS: 20
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2024

: 2,183
: 582
Operating Profit: 1,613
OPM %: 74
Other Income: 12
Interest: 472
Depreciation: 25
: 1,116
Tax %: 25
Net Profit: 836
EPS: 29
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 29
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 29

Mar 2025

: 2,848
: 733
Operating Profit: 2,133
OPM %: 75
Other Income: 18
Interest: 672
Depreciation: 30
: 1,431
Tax %: 25
Net Profit: 1,072
EPS: 36
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36

Mar 2026

: 3,218
: 1,004
Operating Profit: 2,242
OPM %: 70
Other Income: 28
Interest: 742
Depreciation: 37
: 1,463
Tax %: 25
Net Profit: 1,099
EPS: 37
Dividend Payout %: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 37

TTM

: 3,260
: 1,245
Operating Profit: —
OPM %: —
Other Income: 33
Interest: 721
Depreciation: 38
: 1,470
Tax %: 25
Net Profit: 1,104
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 53%
5 Years:: 25%
3 Years:: 28%

COMPOUNDED PROFIT GROWTH

10 Years:: 55%
5 Years:: 25%
3 Years:: 22%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -12%
1 Year:: -9%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 17%
3 Years:: 18%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	14	19	24	26	26	29	29	29	29	30
	210	570	1,336	1,915	2,275	3,647	4,249	5,111	6,234	7,320
	47	50	9	0	2	74	67	1,560	1,974	2,592
Trade Payables	3	2	3	7	9	13	20	25	27	32
	432	486	963	2,378	3,446	2,533	4,284	4,891	6,070	5,730
Total Liabilities	707	1,127	2,335	4,325	5,757	6,296	8,650	11,616	14,333	15,704
ASSETS	-	-	-	-	-	-	-	-	-	-
	5	6	9	28	25	33	45	64	86	88
Capital Work in Progress	0	0	0	0	0	0	0	0	62	72
	15	15	0	0	0	248	145	108	212	227
Cash & Bank	180	127	220	451	1,356	880	1,581	1,576	2,103	2,075
	507	979	2,106	3,846	4,376	5,135	6,879	9,868	11,869	13,242
Total Assets	707	1,127	2,335	4,325	5,757	6,296	8,650	11,616	14,333	15,704
Total Debt	452	528	960	2,364	3,425	2,559	4,247	6,316	7,922	8,200
Net Working Capital	151	68	192	414	1,310	865	1,484	11	53	-551
Contingent Liabilities	0	0	0	0	0	0	17	17	0	0
Book Value per Share	157.37	307.24	569.14	758.46	896.95	126.18	146.84	175.75	212.73	249.01
Face Value	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00
Total Debt	452	528	960	2,364	3,425	2,559	4,247	6,316	7,922	8,200
Net Working Capital	151	68	192	414	1,310	865	1,484	11	53	-551
Contingent Liabilities	0	0	0	0	0	0	17	17	0	0
Book Value per Share	157.37	307.24	569.14	758.46	896.95	126.18	146.84	175.75	212.73	249.01
Face Value	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00	1.00	1.00

Mar 2017

Equity Capital: 14
: 210
: 47
Trade Payables: 3
: 432
Total Liabilities: 707
: 5
Capital Work in Progress: 0
: 15
Cash & Bank: 180
: 507
Total Assets: 707
Total Debt: 452
Net Working Capital: 151
Contingent Liabilities: 0
Book Value per Share: 157.37
Face Value: 10.00
Total Debt: 452
Net Working Capital: 151
Contingent Liabilities: 0
Book Value per Share: 157.37
Face Value: 10.00

Mar 2018

Equity Capital: 19
: 570
: 50
Trade Payables: 2
: 486
Total Liabilities: 1,127
: 6
Capital Work in Progress: 0
: 15
Cash & Bank: 127
: 979
Total Assets: 1,127
Total Debt: 528
Net Working Capital: 68
Contingent Liabilities: 0
Book Value per Share: 307.24
Face Value: 10.00
Total Debt: 528
Net Working Capital: 68
Contingent Liabilities: 0
Book Value per Share: 307.24
Face Value: 10.00

Mar 2019

Equity Capital: 24
: 1,336
: 9
Trade Payables: 3
: 963
Total Liabilities: 2,335
: 9
Capital Work in Progress: 0
: 0
Cash & Bank: 220
: 2,106
Total Assets: 2,335
Total Debt: 960
Net Working Capital: 192
Contingent Liabilities: 0
Book Value per Share: 569.14
Face Value: 10.00
Total Debt: 960
Net Working Capital: 192
Contingent Liabilities: 0
Book Value per Share: 569.14
Face Value: 10.00

Mar 2020

Equity Capital: 26
: 1,915
: 0
Trade Payables: 7
: 2,378
Total Liabilities: 4,325
: 28
Capital Work in Progress: 0
: 0
Cash & Bank: 451
: 3,846
Total Assets: 4,325
Total Debt: 2,364
Net Working Capital: 414
Contingent Liabilities: 0
Book Value per Share: 758.46
Face Value: 10.00
Total Debt: 2,364
Net Working Capital: 414
Contingent Liabilities: 0
Book Value per Share: 758.46
Face Value: 10.00

Mar 2021

Equity Capital: 26
: 2,275
: 2
Trade Payables: 9
: 3,446
Total Liabilities: 5,757
: 25
Capital Work in Progress: 0
: 0
Cash & Bank: 1,356
: 4,376
Total Assets: 5,757
Total Debt: 3,425
Net Working Capital: 1,310
Contingent Liabilities: 0
Book Value per Share: 896.95
Face Value: 10.00
Total Debt: 3,425
Net Working Capital: 1,310
Contingent Liabilities: 0
Book Value per Share: 896.95
Face Value: 10.00

Mar 2022

Equity Capital: 29
: 3,647
: 74
Trade Payables: 13
: 2,533
Total Liabilities: 6,296
: 33
Capital Work in Progress: 0
: 248
Cash & Bank: 880
: 5,135
Total Assets: 6,296
Total Debt: 2,559
Net Working Capital: 865
Contingent Liabilities: 0
Book Value per Share: 126.18
Face Value: 1.00
Total Debt: 2,559
Net Working Capital: 865
Contingent Liabilities: 0
Book Value per Share: 126.18
Face Value: 1.00

Mar 2023

Equity Capital: 29
: 4,249
: 67
Trade Payables: 20
: 4,284
Total Liabilities: 8,650
: 45
Capital Work in Progress: 0
: 145
Cash & Bank: 1,581
: 6,879
Total Assets: 8,650
Total Debt: 4,247
Net Working Capital: 1,484
Contingent Liabilities: 17
Book Value per Share: 146.84
Face Value: 1.00
Total Debt: 4,247
Net Working Capital: 1,484
Contingent Liabilities: 17
Book Value per Share: 146.84
Face Value: 1.00

Mar 2024

Equity Capital: 29
: 5,111
: 1,560
Trade Payables: 25
: 4,891
Total Liabilities: 11,616
: 64
Capital Work in Progress: 0
: 108
Cash & Bank: 1,576
: 9,868
Total Assets: 11,616
Total Debt: 6,316
Net Working Capital: 11
Contingent Liabilities: 17
Book Value per Share: 175.75
Face Value: 1.00
Total Debt: 6,316
Net Working Capital: 11
Contingent Liabilities: 17
Book Value per Share: 175.75
Face Value: 1.00

Mar 2025

Equity Capital: 29
: 6,234
: 1,974
Trade Payables: 27
: 6,070
Total Liabilities: 14,333
: 86
Capital Work in Progress: 62
: 212
Cash & Bank: 2,103
: 11,869
Total Assets: 14,333
Total Debt: 7,922
Net Working Capital: 53
Contingent Liabilities: 0
Book Value per Share: 212.73
Face Value: 1.00
Total Debt: 7,922
Net Working Capital: 53
Contingent Liabilities: 0
Book Value per Share: 212.73
Face Value: 1.00

Mar 2026

Equity Capital: 30
: 7,320
: 2,592
Trade Payables: 32
: 5,730
Total Liabilities: 15,704
: 88
Capital Work in Progress: 72
: 227
Cash & Bank: 2,075
: 13,242
Total Assets: 15,704
Total Debt: 8,200
Net Working Capital: -551
Contingent Liabilities: 0
Book Value per Share: 249.01
Face Value: 1.00
Total Debt: 8,200
Net Working Capital: -551
Contingent Liabilities: 0
Book Value per Share: 249.01
Face Value: 1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-261	-457	-951	-1,523	-157	-277	-1,123	-2,122	-1,045	-264
Cash from Investing	1	11	14	-132	102	-384	162	210	-586	228
Cash from Financing	437	393	1,025	1,725	1,033	7	1,688	2,106	1,593	157
	177	-53	88	70	977	-654	727	194	-38	121
Free Cash Flow	-265	-459	-958	-1,552	-161	-285	-1,154	-2,166	-1,137	-312
OCF / Net Profit	-13.46	-8.42	-6.07	-5.82	-0.44	-0.61	-1.86	-2.54	-0.97	-0.24
Cumulative 5-Year FCF	0	0	0	0	-3,394	-3,415	-4,110	-5,318	-4,904	-5,054
OCF / Net Profit	-13.46	-8.42	-6.07	-5.82	-0.44	-0.61	-1.86	-2.54	-0.97	-0.24
Cumulative 5-Year FCF	0	0	0	0	-3,394	-3,415	-4,110	-5,318	-4,904	-5,054

Mar 2017

: -261
Cash from Investing: 1
Cash from Financing: 437
: 177
Free Cash Flow: -265
OCF / Net Profit: -13.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: -13.46
Cumulative 5-Year FCF: 0

Mar 2018

: -457
Cash from Investing: 11
Cash from Financing: 393
: -53
Free Cash Flow: -459
OCF / Net Profit: -8.42
Cumulative 5-Year FCF: 0
OCF / Net Profit: -8.42
Cumulative 5-Year FCF: 0

Mar 2019

: -951
Cash from Investing: 14
Cash from Financing: 1,025
: 88
Free Cash Flow: -958
OCF / Net Profit: -6.07
Cumulative 5-Year FCF: 0
OCF / Net Profit: -6.07
Cumulative 5-Year FCF: 0

Mar 2020

: -1,523
Cash from Investing: -132
Cash from Financing: 1,725
: 70
Free Cash Flow: -1,552
OCF / Net Profit: -5.82
Cumulative 5-Year FCF: 0
OCF / Net Profit: -5.82
Cumulative 5-Year FCF: 0

Mar 2021

: -157
Cash from Investing: 102
Cash from Financing: 1,033
: 977
Free Cash Flow: -161
OCF / Net Profit: -0.44
Cumulative 5-Year FCF: -3,394
OCF / Net Profit: -0.44
Cumulative 5-Year FCF: -3,394

Mar 2022

: -277
Cash from Investing: -384
Cash from Financing: 7
: -654
Free Cash Flow: -285
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: -3,415
OCF / Net Profit: -0.61
Cumulative 5-Year FCF: -3,415

Mar 2023

: -1,123
Cash from Investing: 162
Cash from Financing: 1,688
: 727
Free Cash Flow: -1,154
OCF / Net Profit: -1.86
Cumulative 5-Year FCF: -4,110
OCF / Net Profit: -1.86
Cumulative 5-Year FCF: -4,110

Mar 2024

: -2,122
Cash from Investing: 210
Cash from Financing: 2,106
: 194
Free Cash Flow: -2,166
OCF / Net Profit: -2.54
Cumulative 5-Year FCF: -5,318
OCF / Net Profit: -2.54
Cumulative 5-Year FCF: -5,318

Mar 2025

: -1,045
Cash from Investing: -586
Cash from Financing: 1,593
: -38
Free Cash Flow: -1,137
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: -4,904
OCF / Net Profit: -0.97
Cumulative 5-Year FCF: -4,904

Mar 2026

: -264
Cash from Investing: 228
Cash from Financing: 157
: 121
Free Cash Flow: -312
OCF / Net Profit: -0.24
Cumulative 5-Year FCF: -5,054
OCF / Net Profit: -0.24
Cumulative 5-Year FCF: -5,054

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	13.58	28.30	65.55	102.40	139.99	15.57	20.71	28.58	36.43	37.22
Book Value (₹)	157.37	307.24	569.14	758.46	896.95	126.18	146.84	175.75	212.73	249.01
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.00	2.00
Cash EPS (₹)	14.23	29.65	67.30	106.33	144.43	15.99	21.31	29.42	37.46	38.48
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	66.73%	67.87%	73.13%	73.41%	77.58%	73.27%	71.68%	73.32%	74.26%	68.79%
Net Margin %	23.32%	27.63%	38.31%	33.30%	34.20%	36.17%	39.68%	38.29%	37.66%	34.14%
ROE %	12.28%	13.34%	16.07%	15.87%	16.93%	15.18%	15.17%	17.75%	18.81%	16.14%
ROCE %	12.20%	14.54%	17.11%	17.11%	15.98%	15.09%	14.44%	15.80%	16.34%	14.79%
	4.11%	5.92%	9.05%	7.87%	7.12%	7.53%	8.08%	8.25%	8.27%	7.32%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0	0	0
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.01x	0.90x	0.71x	1.22x	1.49x	0.70x	0.99x	1.23x	1.26x	1.12x
Interest Coverage (x)	2.30x	2.38x	3.86x	2.60x	2.46x	3.00x	4.00x	3.36x	3.13x	2.97x
	2.02x	2.11x	7.24x	10.77x	27.39x	6.97x	9.26x	1.01x	1.03x	0.80x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	79.50%	136.28%	108.32%	92.39%	33.43%	19.46%	21.27%	43.53%	30.46%	13.00%
Operating Profit Growth %	58.84%	140.28%	124.48%	93.13%	41.02%	12.82%	18.64%	47.94%	32.26%	5.09%
Net Profit Growth %	44.43%	179.96%	188.81%	67.21%	37.05%	26.34%	33.06%	38.51%	28.30%	2.45%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	38.00%	27.44%	2.19%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	25.16x	19.85x	9.47x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.09x	3.40x	1.42x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.28%	0.57%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	15.98x	12.71x	7.38x

Mar 2017

EPS (₹): 13.58
Book Value (₹): 157.37
Dividend per Share (₹): 0.00
Cash EPS (₹): 14.23
Operating Margin %: 66.73%
Net Margin %: 23.32%
ROE %: 12.28%
ROCE %: 12.20%
: 4.11%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 2.01x
Interest Coverage (x): 2.30x
: 2.02x
Revenue Growth %: 79.50%
Operating Profit Growth %: 58.84%
Net Profit Growth %: 44.43%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 28.30
Book Value (₹): 307.24
Dividend per Share (₹): 0.00
Cash EPS (₹): 29.65
Operating Margin %: 67.87%
Net Margin %: 27.63%
ROE %: 13.34%
ROCE %: 14.54%
: 5.92%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.90x
Interest Coverage (x): 2.38x
: 2.11x
Revenue Growth %: 136.28%
Operating Profit Growth %: 140.28%
Net Profit Growth %: 179.96%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 65.55
Book Value (₹): 569.14
Dividend per Share (₹): 0.00
Cash EPS (₹): 67.30
Operating Margin %: 73.13%
Net Margin %: 38.31%
ROE %: 16.07%
ROCE %: 17.11%
: 9.05%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.71x
Interest Coverage (x): 3.86x
: 7.24x
Revenue Growth %: 108.32%
Operating Profit Growth %: 124.48%
Net Profit Growth %: 188.81%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 102.40
Book Value (₹): 758.46
Dividend per Share (₹): 0.00
Cash EPS (₹): 106.33
Operating Margin %: 73.41%
Net Margin %: 33.30%
ROE %: 15.87%
ROCE %: 17.11%
: 7.87%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 1.22x
Interest Coverage (x): 2.60x
: 10.77x
Revenue Growth %: 92.39%
Operating Profit Growth %: 93.13%
Net Profit Growth %: 67.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 139.99
Book Value (₹): 896.95
Dividend per Share (₹): 0.00
Cash EPS (₹): 144.43
Operating Margin %: 77.58%
Net Margin %: 34.20%
ROE %: 16.93%
ROCE %: 15.98%
: 7.12%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 1.49x
Interest Coverage (x): 2.46x
: 27.39x
Revenue Growth %: 33.43%
Operating Profit Growth %: 41.02%
Net Profit Growth %: 37.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 15.57
Book Value (₹): 126.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 15.99
Operating Margin %: 73.27%
Net Margin %: 36.17%
ROE %: 15.18%
ROCE %: 15.09%
: 7.53%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.70x
Interest Coverage (x): 3.00x
: 6.97x
Revenue Growth %: 19.46%
Operating Profit Growth %: 12.82%
Net Profit Growth %: 26.34%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 20.71
Book Value (₹): 146.84
Dividend per Share (₹): 0.00
Cash EPS (₹): 21.31
Operating Margin %: 71.68%
Net Margin %: 39.68%
ROE %: 15.17%
ROCE %: 14.44%
: 8.08%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.99x
Interest Coverage (x): 4.00x
: 9.26x
Revenue Growth %: 21.27%
Operating Profit Growth %: 18.64%
Net Profit Growth %: 33.06%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 28.58
Book Value (₹): 175.75
Dividend per Share (₹): 0.00
Cash EPS (₹): 29.42
Operating Margin %: 73.32%
Net Margin %: 38.29%
ROE %: 17.75%
ROCE %: 15.80%
: 8.25%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 1.23x
Interest Coverage (x): 3.36x
: 1.01x
Revenue Growth %: 43.53%
Operating Profit Growth %: 47.94%
Net Profit Growth %: 38.51%
: 38.00%
P/E (x): 25.16x
P/B (x): 4.09x
Dividend Yield %: 0.00%
: 15.98x

Mar 2025

EPS (₹): 36.43
Book Value (₹): 212.73
Dividend per Share (₹): 2.00
Cash EPS (₹): 37.46
Operating Margin %: 74.26%
Net Margin %: 37.66%
ROE %: 18.81%
ROCE %: 16.34%
: 8.27%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 1.26x
Interest Coverage (x): 3.13x
: 1.03x
Revenue Growth %: 30.46%
Operating Profit Growth %: 32.26%
Net Profit Growth %: 28.30%
: 27.44%
P/E (x): 19.85x
P/B (x): 3.40x
Dividend Yield %: 0.28%
: 12.71x

Mar 2026

EPS (₹): 37.22
Book Value (₹): 249.01
Dividend per Share (₹): 2.00
Cash EPS (₹): 38.48
Operating Margin %: 68.79%
Net Margin %: 34.14%
ROE %: 16.14%
ROCE %: 14.79%
: 7.32%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 1.12x
Interest Coverage (x): 2.97x
: 0.80x
Revenue Growth %: 13.00%
Operating Profit Growth %: 5.09%
Net Profit Growth %: 2.45%
: 2.19%
P/E (x): 9.47x
P/B (x): 1.42x
Dividend Yield %: 0.57%
: 7.38x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26.51	21.59	21.55	21.47	21.47	18.57	18.56	18.61	18.61
	57.45	56.70	57.76	58.75	58.13	55.80	52.95	48.48	43.97
	6.07	8.98	10.10	9.09	9.48	12.16	14.74	17.58	22.35
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.96	12.73	10.59	10.68	10.93	13.46	13.76	15.34	15.07

Jun 2024

: 26.51
: 57.45
: 6.07
Government: 0.00
: 9.96

Sep 2024

: 21.59
: 56.70
: 8.98
Government: 0.00
: 12.73

Dec 2024

: 21.55
: 57.76
: 10.10
Government: 0.00
: 10.59

Mar 2025

: 21.47
: 58.75
: 9.09
Government: 0.00
: 10.68

Jun 2025

: 21.47
: 58.13
: 9.48
Government: 0.00
: 10.93

Sep 2025

: 18.57
: 55.80
: 12.16
Government: 0.00
: 13.46

Dec 2025

: 18.56
: 52.95
: 14.74
Government: 0.00
: 13.76

Mar 2026

: 18.61
: 48.48
: 17.58
Government: 0.00
: 15.34

Jun 2026

: 18.61
: 43.97
: 22.35
Government: 0.00
: 15.07

Documents

Announcements

ESOP/ESOS/ESPS
2026-08-12 - Five-Star Business Finance Limited has informed the Exchange regarding Allotment of 650 Shares pursuant to Employee stock options.
Copy of Newspaper Publication
2026-08-07 - Advertisement regarding the dispatch of Annual Report and Notice of the 42nd AnnualGeneral Meeting.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2026
Transcript PPTREC
May 2026
TranscriptPPTREC
Apr 2026
TranscriptPPTREC