FIVESTAR

Five-Star Business Finance is a non-banking financial company (NBFC-ND-SI) engaged in secured business loans to micro-entrepreneurs and self-employed individuals, mainly in South India (and expanding). As of March 31, 2025 it reported a gross loan portfolio of about ₹11,877 crore, up 23 % year-on-year from FY24. For Q1 FY26 (June 30, 2025), AUM at ₹12,457.8 crore (20 % Y/Y growth vs June 2024). Asset quality: As of June 30, 2025, gross Stage 3 assets 2.46 %, net 1.25 % of portfolio. Funding & capital: As of June 30, 2025, capital adequacy 49.15 %. Geographic concentration remains high: e.g., Andhra Pradesh 37.6% of portfolio, top 3 states 85% of portfolio Current P/E (trailing) 14.3× Industry peer average P/E 27.5× (for Indian Consumer Finance) so Five-Star appears “cheaper” on this metric. Price/Book (P/B) 2.5×