About Five Star Business Finance
Five Star Business Finance (NSE: FIVESTAR) operates as a business finance company. It provides secured loans to micro, small, and medium enterprises (MSME) customers. It also provides loans for the purpose of home improvement to MSME customers. The company caters to restaurants, textile stores, small and medium machine shop operators, self-employed people, and more. The company was founded in 1984 and is based in Chennai, India.
Latest Five Star Business Finance News
Sep 18, 2023
Five-Star Business Finance stock has given a return 38.17 percent over the past six months. The benchmark Nifty Bank index has given a return of 18.48 percent over the same duration. Public holds the majority of the stake in Five-Star Business Finance stock with 52.16 percent. Shares of Five-Star Business Finance jumped nearly 3 percent in early trade on September 18 after SmallCap World Fund raised its stake in the company. At 10:40am, the Five-Star Business Finance stock was trading 2.68 percent higher at Rs 705.12 on the BSE. Foreign company SCHF PV Mauritius sold 30.19 lakh shares or 1.03 percent stake in the non-banking finance company at an average price of Rs 700.15 per share, amounting to Rs 211.35 crore. It held 1.2 percent shares in the company as of June 2023. However, foreign portfolio investor Smallcap World Fund Inc was the buyer for entire Five-Star shares in this deal, in addition to its current holding of 1.64 percent or 47.78 lakh shares as of June 2023. ICICI Securities is bullish on Five Star Business Finance and has recommended a ‘buy’ rating on the stock with a target price of Rs 860 in its September 6 research report. “AUM growth reviving to 37 percent in FY23 vs 14 percent CAGR between FY20-22 (covid impact) is a testimony to its agility and business resiliency,” it said. “In a high human-touch model, adherence to standard-operating-process (SOPs) becomes a prerequisite, and negligible frauds / mishandling of cash in FY23 (and even in previous years) reflects its tight control on processes and staff quality. Notably, gross stage 3 increased marginally to 1.36 percent in FY23 vs 1.06 percent in FY22 despite the implementation of daily DPD recognition from October 22,” it said. Brokerage firm Nomura has initiated coverage on Five-Star Business Finance with a ‘buy’’ rating and set a price target of Rs 750 in a recently released report. Shareholding pattern Public holds the majority of the stake in Five-Star Business Finance stock with 52.16 percent. Promoters and FIIs hold 34.39 percent and 8.74 percent stake respectively. DIIs hold the remaining 4.71 percent stake in the Five-Star Business Finance Non-Banking Financial Institution. Stock performance Five-Star Business Finance stock has given a return 38.17 percent over the past six months. The benchmark Nifty Bank index has given a return of 18.48 percent over the same duration. Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Shivam Shukla first published: Sep 18, 2023 10:59 am Discover the latest business news , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Trending news
Five Star Business Finance Frequently Asked Questions (FAQ)
When was Five Star Business Finance founded?
Five Star Business Finance was founded in 1984.
Where is Five Star Business Finance's headquarters?
Five Star Business Finance's headquarters is located at New No.27, old No. 4, Chennai.
What is Five Star Business Finance's latest funding round?
Five Star Business Finance's latest funding round is IPO.
How much did Five Star Business Finance raise?
Five Star Business Finance raised a total of $459.78M.
Who are the investors of Five Star Business Finance?
Investors of Five Star Business Finance include Norwest Venture Partners, Peak XV Partners, KKR, TVS Capital, Matrix Partners India and 4 more.
Who are Five Star Business Finance's competitors?
Competitors of Five Star Business Finance include Aye.
Compare Five Star Business Finance to Competitors
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LoanTap provides digital lending platform services. It offers such as personal loans, EMI-free loans, wedding loans, holiday loans, medical loans, house owner loans, business loans, MSME loans, two-wheeler loans, and premium bike loans. LoanTap was founded in 2016 and is based in Pune, India.
Lendbox is a peer-to-peer lending and credit marketplace that aims to cut down the interest rates for borrowers and increases investor's yields by eliminating mediators like commercial banks, depository institutions etc.
Sindhuja Microcredit provides access to financial services to bottom-of-the-pyramid households in rural regions across Bihar, Uttar Pradesh and Jharkhand in India.
Aye provides business loans to micro and small businesses. It offers loans including hypothecation loans, quasi-mortgage loans, mortgage loans, and more. The company was founded in 2014 and is based in Haryana, India.