Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 55 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we hereby inform you that the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Ratings & Research has affirmed Star Housing Finance's existing ratings at IND BBB/Stable on its bank loan facilities (INR 4,500 million) and existing non-convertible debentures (INR 500 million). Additionally, the agency has assigned a fresh IND BBB/Stable rating to a new tranche of NCDs worth INR 2,000 million, which remains unutilized. The rating history shows IND BBB/Stable has been maintained consistently since April 2023. The rating reflects Star HFL's expanding franchise, improving loan book granularity, adequate capitalisation (equity of INR 1,439 million, CAR of 50.6%), and stable profitability (PAT grew 25% YoY in FY25 to INR 111 million), with constraints from geographic concentration and low book seasoning.
Neutral to mildly positive for shareholders — the rating is unchanged but the new NCD rating gives the company headroom to raise an additional INR 2,000 million in debt at stable terms, supporting its AUM growth plans from INR 5,207 million to INR 7,500 million by FY27. No negative rating action means no immediate increase in borrowing costs.