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×

five star business finance Limited

494.00
-0.20 %
Scrip Name
5 Star Business
ISIN No.
INE128S01021
PAN No.
AAACF0419M
Face Value
1
No. of Outstanding Shares
271,278,910
Market Capitalization
13,401.18 Crore

FIVE-STAR BUSINESS FINANCE LIMITED UNLISTED SHARE


FIVE-STAR BUSINESS FINANCE LIMITED is a Non-Banking Finance Company (NBFC), registered with the Reserve Bank of India (RBI). Five Star Business Finance Limited targets the segment which is untouchable by traditional banks and financial institutions. They provide finance to small businesses like small shops, flower vendors, maids, masons, and also to small & medium enterprises.


Five Star Business Finance Limited provides small business loans to meet borrowers’ requirements for commencing new businesses, expansion of existing businesses, and settling any dues. The company also provides mortgage loans. Generally, the loan ticket ranges between Rs. 1 Lakh to Rs. 10 Lakh, given for a tenure of 2 years to 7 years.


The company focuses more on increasing its customer base to grow rather than on increasing the ticket size of loans. For that purpose, the company is constantly increasing its presence in various states of India. Currently, the company has a network of 262 Branches spread across India.


Credit Rating agency CARE has given a rating of CARE A for the company’s long-term bank facilities.

 

INCORPORATION DETAILS


CIN

U65991TN1984PLC010844

Registration Date

07 May 1984

Category / Sub-Category of the Company

Company Limited by Shares

Address of the Registered office and contact details

New No: 27, Old No: 4, Taylor's Road,

Kilpauk, Chennai - 600 010

Phone: 044 – 46106200

Name, Address and Contact details of Registrar and Transfer Agent, if any

NSDL Database Management Limited

4th Floor, Trade World,

'A' Wing, Kamala Mills Compound,

Lower Parel, Mumbai - 400 013

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

% to the total turnover of the Company

Small Business Loans, Home Loans &

Mortgage Loans

65.88%



BOARD OF DIRECTORS

D Lakshmipathy (Chairman & Managing Director)

A Ramanathan (Independent Director)

R Anand (Independent Director)

Bhama Krishnamurthy (Independent Director)

B Haribabu (Independent Director)

L R Raviprasad (Non-Executive Director)

Vikram Vaidyanathan (Investor Director, Matrix Partners)

Thirulokchand Vasan (Non-Executive Director)

Arjun Saigal (Alternate Director to Mr. Ling Wei Ong)

G V Ravishankar (Investor Director, Sequoia Capital)

Sanjeev Mehra (Investor Director, TPG Group)

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES


FIVE-STAR BUSINESS FINANCE LIMITED does not have any subsidiary or associate company.


SHAREHOLDING PATTERN

(As on 31-03-2020)


S. No.

Shareholders’ Name

No. of Shares

% of total Shares of the company

1

D Lakshmipathy

37,10,771

13.68

2

L Hema

20,89,060

7.70

3

R Deenathayalan

1,63,200

0.60

4

D Varalakshmi

44,770

0.17

5

L Sritha

20,000

0.07

6

Public Shareholding

2,11,00,090

77.78


Total

2,71,27,891

100

 

INDUSTRY OUTLOOK

The COVID-19 pandemic has been significantly severe, to say the least, and every institution across sectors has been impacted by this. More particularly to the financial services industry, every government and central bank across the globe have been taking measures to contain the effects of the pandemic but the results till now have not been very encouraging. The duration of the pandemic remains to be seen and it is unlikely that there would be any major growth during the current financial year i.e. FY 2020-21.


According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.


RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. NBFC's role in the loan brokerage business is growing. The default by a large NBFC brought the focus on the asset-liability mismatches of NBFCs, which poses risks to the NBFC sector as well as the financial system as a whole. To cope up with this issue, RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.


As per the new rule, NBFCs are required to maintain high-quality liquid assets to easily deal with net cash outflow in stressed scenarios. From December 2020, NBFC must reach 100% LCR within 4 years.


NBFC’s business mainly comes from the informal and self-employed sectors, so it will have a significant impact on sales fluctuations due to the congestion and interruption of customer terminals caused by Covid-19.


With technology penetrating the industry, the NBFC industry is expanding its services in innovative ways. NBFC Industry has a huge potential in India. At the pan India level, micro-credit reached to not more than 20% of total deserving households through a variety of channels including Banks, small finance banks, and microfinance institutes.


The threat of industry includes a high level of competition. As Small finance banks mainly focus on this segment, and nowadays commercial banks are also showing active interest in the microcredit industry, the competition has become very intense.


KEY FINANCIALS OF FIVE-STAR BUSINESS FINANCE LIMITED(In Rs. Lakhs)


Particulars

2021

2020

2019

2018

Interest Income

1,01,487.58

74,682.42

38,973.81

18,821.16

Total Revenue from Operations

1,04,974.22

78,671.48

40,890.80

20,063.29

EBITDA

81,150.34

57,567.16

29,854.14

13,417.87

Finance Cost

32,519.12

21,693.51

7,592.20

5,698.30

Depreciation

1,138.39

1,006.85

419.46

259.43

Other Income

151.25

63.25

1.86

1.55

Profit Before Tax

47,644.08

34,930.05

21,844.34

7,461.69

Total Tax

11,744.64

8,735.01

6,178.61

2,116.72

Profit After Tax (PAT)

35,899.44

26,195.04

15,665.73

5,344.97

PAT margin

34.15%

33.27%

38.31%

26.64%

EPS (Rs.)

140.13

103.24

68.92

30.83

 

BALANCE SHEET OF FIVE-STAR BUSINESS FINANCE LIMITED(In Rs. Lakhs)

Particulars

2021

2020

2019

ASSETS




FINANCIAL ASSETS




Cash and cash equivalents

1,35,572.27

45,112.89

21,972.61

Loans

4,35,874.94

3,83,080.44

2,09,586.40

Other financial assets

474.34

524.57

285.89

TOTAL FINANCIAL ASSETS

5,71,921.55

4,28,717.90

2,31,844.90

NON-FINANCIAL ASSETS




Tax assets

4,494.73

3,258.42

1,824.47

Tangible assets

2,301.79

2,597.65

747.97

Intangible assets

190.30

192.8

201.8

Other non financial assets

452.77

548.62

363.81

TOTAL NON FINANCIAL ASSETS

7,439.59

6,597.49

3,138.05

TOTAL ASSETS

5,79,361.14

4,35,315.39

2,34,982.95

LIABILITIES AND EQUITY




FINANCIAL LIABILITIES




Payables

867.17

662.4

292.69

Debt securities

1,30,378.55

1,07,886.42

43,350.77

Borrowings (other than debt securities)

2,12,141.12

1,28,482.89

52,652.18

Other financial liabilities

1,717.01

1,568.10

6.88

TOTAL FINANCIAL LIABILITIES

3,45,103.85

2,38,599.81

96,302.52

NON FINANCIAL LIABILITIES




Current tax liabilities

0.00

74.8

162.17

Provisions

719.80

577.61

376.26

Other non financial liabilities

1,720.27

1,605.12

1,629.19

TOTAL NON FINANCIAL LIABILITIES

2,440.07

2,257.53

2,167.62

TOTAL LIABILITIES

3,47,543.92

2,40,857.34

98,470.14

EQUITY 




Equity share capital

2,564.49

2,558.21

2,389.96

Other equity

2,29,252.73

1,91,899.84

1,34,122.85

TOTAL EQUITY

2,31,817.22

1,94,458.05

1,36,512.81

TOTAL EQUITY AND LIABIITIES

5,79,361.14

4,35,315.39

2,34,982.95

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (In Rs.) (final + interim)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

40,820.92

19,976.24

7,481.78

 

PERFORMANCE OF THE COMPANY

Five Star Business Finance Limited earned an interest income of Rs. 1,01,487.58lakhs in FY 2021, registering a growth of 35.89% from interest income of FY 2020 which was Rs. 74,682.42 lakhs.


The company’s total Revenue from Operations increased by 33.4% from Rs. 78,671.48 lakhs in FY 2020 to Rs. 1,04,974.22 lakhs in FY 2021.

Profit After-tax of the company increased by 37.01% in FY 2021 and reached Rs. 35,899.44 lakhs from Rs. 26,195.04 lakhs in FY 2019. Profit After Tax (PAT) margins increased to 34.15% in FY 2021 from 33.27% in FY 2020.

Five Star Business Finance Limited disbursed a total amount of about Rs. 2,40,867 lakhs, as against Rs 1,48,146 lakhs during the FY 2019 to about 79,000 borrowers. This resulted in an increase in the borrower base from around 73,000 to more than 1,40,000.


As of March 31, 2020, the total loan assets under management increased to Rs 3,89,223 lakhs from Rs 2,11,280 lakhs in FY 2019 registering a growth of 84%.


Total Borrowings (including debt securities) of the company have increased by 44.90% from Rs. 2,36,369.31 lakhs as of 31st March 2020 to Rs. 3,42,519.67 lakhs as of 31st March 2021.


The company’s Gross NPA on 31st March 2020 stood at 1.36%.


Additional equity capital of Rs. 31,500lakhswas infused by TPG Capital in FY 2020.


The company has not given any dividends for the past 3 years. Because of that, the retained earnings of the company jumped from Rs. 7,481 lakhs on 31st March 2018 to Rs. 40,820.92 lakhs on 31st March 2020.


The total book value of the company as of 31st March 2021 was Rs. 2,31,817.22 lakhs. And book value per share of the company on 31st March 2021 was around Rs. 854.53.

 

The company’s return on equity stood at 15.49% for FY 2021.


The debt-equity ratio of the company for the year ended 31 Mar 2021 is 1.48.


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