Star Housing Finance Ltd
STAR

Star Housing Finance Ltd (539017)

₹173.251.94%

Key Stats

₹170
Day's Price Range
₹174.9
₹79.3
52-Week Price Range
₹177.8
1 Month Return10.32 %
3 Month Return29.23 %
1 Year Return103.16 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 405
EPS
Rank 421
BVPS
Rank 470
Dividend Yield
Rank 113
ROE
Rank 354
4.08%
Price To Book Ratio
Rank 314
Debt To Asset
Rank 451

Company Information

Star Housing Finance Limited Star HFL Formerly known as Akme Star Housing Finance Limited was incorporated in March 21 2005. The company is registered as a Housing Finance Company HFC with National Housing Bank NHB to carry out the housing nance activities in India under Section 29 A of the National Housing Bank Act 1987 with effect from 31st August 2009. The company received a New Incorporation Certicate from RoC dated 10th May 2021 in the name of Star Housing Finance Limited and have applied for a new certicate of registration to the regulator NHB/RBI. The company founded and promoted by Late Dr. Shri. Mohan Lal Nagda is currently managed by a group of housing finance professionals. The Company is primarily engaged in providing loans to individuals corporate and developers for purchase construction development and repair of houses apartments and commercial properties in India. The company fulfill the home owning needs of the target EWS Economically Weaker Section/LIG Low Income Group/MIG Middle Income Group households by providing them long term housing finance towards the purchase of their home.The Company was formed with the main objective of providing financial assistance where an individual/ family can live in. In this scheme the company support the people who are looking to purchase a new or second hand flat/ home depending upon their need. Star HFL have a scheme known as renovating existing units for renovation/ repair of existing units. The facility for this loan is easy and fast depending upon the condition of the house. The company provide extension loan plan for individuals corporate to extend the loan for any reason. This scheme is available even for a small bedroom balcony or roof top. It provides loan even for a plot on which a residential house is to be constructed. The Company help customers unlock the value of their property by availing loan against their unutilized property. The customers can utilize the loan amount for productive deployment in their business like business loan education loan SME loan etc. The company considers project loan to builders for construction of residential units.In June 2019 Star HFL ventured into strategic partnership with Arkfin Investments Pvt. Ltd. AIPL to initiate overall transformation. In October 2019 AIPL invested incremental capital in Akme Star HFC thereby acquiring 21.5 stake in the company.During the Financial Year 202021 the Company sanctioned housing loans for Rs. 28.83 crore.During the Financial Year 202021 the Company disbursed loans for Rs. 2943.44 lakhs.During the Financial Year 202021 the Company expanded branch network to 5 states of India covering Rajasthan Gujarat Maharashtra Madhya Pradesh and Tamil Nadu with 7 branches.In FY 2021 the Company received Rs 7 Crore through Term Loan augmentation TLTRO from State Bank of India and Rs 12 Crore through term Loan Union Bank of India respectively. Star HFL was able to initiate engagement with the NHB and received credit lines through LIFT SRF and regular renance n FY 2021 amounting to Rs.24.60 crores.
OrganisationStar Housing Finance Ltd
HeadquartersUdaipur
IndustryFinance