Five-star Business Finance Limited · NSE:FIVESTAR
Five-star Business Finance — Q1 FY2026 Earnings Presentation
58 slides from Five-star Business Finance's earnings presentation, Jul 28, 2025
Slide 1: Exchange filing cover letter
Date: July 28, 2025 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Listing department, Bandra-Kurla Complex, First floor, PJ Towers, Bandra (E), Mumbai 400 051 Dalal Street, Fort Mumbai 400 001 Symbol: FIVESTAR Scrip code: 543663 Sub: Investor Presentation on the unaudited
Slide 2: Investor Presentation Q1FY2026
Reaching the Unreached Five-Star Business Finance Limited Investor Presentation | Q1FY2026 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 3: Safe Harbour
Safe Harbour Five-Star Business Finance Limited | Investor Presentation – Q1FY26 This presentation and the accompanying slides (the “Presentation”) which have been prepared by Five-Star Business Finance Limited (the “Company”) have been prepared solely for information purposes and do not constitute
Slide 4: Glossary
Glossary Five-Star Business Finance Limited | Investor Presentation – Q1FY26 ▪ All amounts are given in ₹ Million unless specified otherwise. ▪ Gross NPA or Gross Stage 3 assets represents loans which are more than 90 days past due (till the quarter ended Sep 2022); for the quarters post Sep 2022, t
Slide 5: Presentation Path
Presentation Path Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Executive Summary SECTION 1 SECTION 2 Business Updates Asset Quality & ECL SECTION 3 SECTION 4 Liability & ALM Financial Statements SECTION 5 SECTION 6 Company Overview 4
Slide 6: Executive Summary
EXECUTIVE SUMMARY
Slide 7: Executive Summary | Q1FY26
Executive Summary | Q1FY26 Five-Star Business Finance Limited | Investor Presentation – Q1FY26 q-o-q y-o-y Branches Loan Disbursement Loan Portfolio 767 ₹ 12,901 Mn ₹ 124,578 Mn +19 +220 -12% -2% +5% +20% Gross NPA 30+ DPD Profit After Tax 2.46% 11.31% ₹ 2,663 Mn +67 bps +1.05% +1.66% +3.20% -5% +6%
Slide 8: Q1FY26 Performance – At a glance
Q1FY26 Performance – At a glance Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Scale of Distribution Granular Book Asset Quality Liability Profile Profitability Operations ₹124.6bn / ₹103.4bn 767 100% Secured 2.46% 45 ₹2.7bn / ₹2.5bn AUM in Q1FY26 / Q1FY25 Number of Branches Lo
Slide 9: Last 10-years Financial Snapshot
Last 10-years Financial Snapshot Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Particulars (₹ Mn) FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 I-GAAP I-GAAP I-GAAP IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS Operational Information Number of branch
Slide 10: Distinguished Board of Directors
Distinguished Board of Directors Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Promoter Director Lakshmipathy Deenadayalan Chairman & Managing Director Independent / Non- Executive Directors Anand Raghavan T T Srinivasaraghavan Bhama Krishnamurthy Select other Directorships Shr
Slide 11: Profile of Board of Directors
Profile of Board of Directors Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Anand Raghavan T T Srinivasaraghavan Lakshmipathy Deenadayalan Independent / Non-Executive Director Independent / Non-Executive Director Chairman & Managing Director Chairperson – Audit Committee Chairp
Slide 12: Experienced Management Team
Experienced Management Team Five-Star Business Finance Limited | Investor Presentation – Q1FY26 23 23 22 10 23 10 23 8 Lakshmipathy Deenadayalan Rangarajan Krishnan* Srikanth Gopalakrishnan Vishnuram Jagannathan Chairman & MD JMD & CEO JMD & CFO Chief Operating Officer Education: Bachelor of Enginee
Slide 13: Business Updates
BUSINESS UPDATES
Slide 14: Business Updates (1/2)
Business Updates (1/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Operations 1. Net Q-o-Q AUM growth of ₹5,808 Mn in Q1FY26 as against ₹7,033 Mn in Q1FY25. AUM was up 20% Y-o-Y at ₹124,578 Mn as of June 30, 2025 as against ₹103,439 Mn as of June 30, 2024. 2. Disbursements du
Slide 15: Business Updates (2/2)
Business Updates (2/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Liabilities 1. In Q1FY2026, the company received sanctions for incremental debt of ₹3,500 Mn, availing ₹4,500 Mn (inclusive of some unavailed sanctions from previous quarters), at a weighted average rate of 8.
Slide 16: Balance Sheet Indicators
Balance Sheet Indicators Five Star Business Finance Limited | Investor Presentation – Q1FY26 Quarterly Data Last 5 years data All amounts in ₹ Mn Disbursements AUM Net Worth Disbursements (2%) 20% 21% 48,814 49,697 1,24,578 65,742 14,599 1,18,770 63,046 33,914 13,182 12,901 1,03,439 54,498 17,562 5%
Slide 17: P&L Indicators
P&L Indicators Five Star Business Finance Limited | Investor Presentation – Q1FY26 Quarterly Data Last 5 years data All amounts in ₹ Mn Income Interest Expense Other Expenses Income 28,660 18% (29%) (18%) 2,011 21,951 7,912 1,873 1,879 7,597 1,753 6,694 1,582 1,565 15,289 12,562 10,513 (7%) (7%) 4%
Slide 18: Consistent & Best-in-class Spreads
Consistent & Best-in-class Spreads Five Star Business Finance Limited | Investor Presentation – Q1FY26 Portfolio Yield Cost of borrowing Spread 24.50% 12.00% 25.00% 14.00% 23.98% 24.18% 24.17% 24.23% 24.27% 24.00% 23.70% 24.19% 24.50% 13.50% 24.05% 24.22% 24.18% 11.50% 24.00% 24.03%13.00% 23.50% 23.
Slide 19: Well-diversified portfolio cuts
Well-diversified portfolio cuts Five Star Business Finance Limited | Investor Presentation – Q1FY26 AUM by Geography AUM by Ticket Size Q1FY26 2% 1% Q1FY25 Q1FY26 1% 0% Q1FY25 1% 0% 7% 5% 6% 15% 11% 6% 28% 30% 31% 35% ATS for ATS for 19% 19% Q1FY26 Q1FY25 3.86L 3.52L 52% 53% 37% 38% TN AP TS KA MP O
Slide 20: Asset Quality & ECL
ASSET QUALITY & ECL
Slide 21: Asset Quality Indicators (1/2)
Asset Quality Indicators (1/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Collections Efficiency (%) 30+ (%) 11.31 9.16 9.65 2.46 8.44 8.11 1.62 1.79 1.41 1.47 98.5 97.2 98.4 97.0 98.0 96.7 97.7 96.2 96.3 95.1 7.87 8.85 6.71 6.98 7.54 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Jun'2
Slide 22: Asset Quality Indicators (2/2)
Asset Quality Indicators (2/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Amount in ₹ Mn As at Jun 2025 As at Mar 2025 As at Jun 2024 Bucket AUM % AUM AUM % AUM AUM % AUM Current (Stage-1) 102,704 82.44% 100,097 84.28% 89,696 86.71% 1-30 (Stage-1) 7,783 6.25% 7,209 6.07% 5,3
Slide 23: ECL Provisioning
ECL Provisioning Five Star Business Finance Limited | Investor Presentation – Q1FY26 Amount in ₹ Mn As of June 30, 2025 Stage 1 Stage 2 Stage 3 Total Loans Outstanding (Gross) 110,487 11,021 3,070 124,578 ECL Provision 319 557 1,536 2,411 Loans Outstanding (Net) 110,168 10,464 1,535 122,167 ECL Prov
Slide 24: Lag NPA
Lag NPA Five Star Business Finance Limited | Investor Presentation – Q1FY26 Amount in ₹ Mn Q1FY2026 Q1FY2025 Q1FY2024 Q1FY2023 Loan Portfolio 124,578 103,439 75,833 52,965 Gross Stage 3 assets 3,070 1,454 1,072 591 Gross Stage 3 assets % 2.46% 1.41% 1.41% 1.12% Gross Stage 3 assets % - 1 year Lag 2.
Slide 25: Liability & ALM
LIABILITY & ALM ; mei
Slide 26: Well-diversified Liability Franchise (1/2)
Well-diversified Liability Franchise (1/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Liability franchise consists of a strong set of lenders who can support the company’s plans Number of lenders Lenders to the Company 11 Select Public State Bank of India | Bank of Baroda |
Slide 27: Well-diversified Liability Franchise (2/2)
Well-diversified Liability Franchise (2/2) Five Star Business Finance Limited | Investor Presentation – Q1FY26 Diversified borrowing mix across lender category and product category Borrowing exposure and Cost of borrowing Borrowings 43,167 48,193 57,911 63,158 67,239 68,795 73,625 79,220 78,719 outs
Slide 28: Cashflow Position as of Jun’25 – Cumulative
Cashflow Position as of Jun’25 – Cumulative Five Star Business Finance Limited | Investor Presentation – Q1FY26 No Cumulative mismatches in any of the time buckets Particulars Up to 1M 1-2 M 2-3 M 3-6 M 6M – 1Y 1-3 Y 3-5 Y >5 Y Opening Liquidity 21,991 21,041 21,277 20,027 19,617 17,732 20,975 48,64
Slide 29: Strong Liquidity Position as of Jun’25
Strong Liquidity Position as of Jun’25 Five Star Business Finance Limited | Investor Presentation – Q1FY26 Amount in ₹ Mn Liquidity buffer as of Jun 2025 Unencumbered cash & cash equivalents 20,648 Unavailed sanction from banks / FIs - Total Liquidity 20,648 Projected Cashflow Schedule Q2FY26 Q3FY26
Slide 30: Financial Statements
FINANCIAL STATEMENTS
Slide 31: Balance Sheet
Balance Sheet Five Star Business Finance Limited | Investor Presentation – Q1FY26 Particulars (₹ Mn) Q1FY2026 Q1FY2025 Q4FY2025 FY2025 FY2024 Assets Cash & Cash equivalents 14,726 15,405 14,972 14,972 15,344 Bank balances other than cash & cash equivalents 4,439 1,359 6,580 6,580 1,373 Loans 122,198
Slide 32: Profit & Loss Account
Profit & Loss Account Five Star Business Finance Limited | Investor Presentation – Q1FY26 Particulars (₹ Mn) Q1FY2026 Q1FY2025 Q4FY2025 Y-o-Y Q-o-Q FY2025 FY2024 Y-o-Y Loan Portfolio 124,578 103,439 118,770 20% 5% 118,770 96,406 23% Interest Income (1) 7,647 6,411 7,347 19% 4% 27,663 21,166 31% - In
Slide 33: RoE Tree
RoE Tree Five Star Business Finance Limited | Investor Presentation – Q1FY26 Particulars Q1FY2026 Q1FY2025 Q4FY2025 FY2025 FY2024 Interest Income (as a % of average portfolio) 23.51% 24.22% 23.70% 24.03% 24.27% Interest Expenses (as a % of average borrowings) 9.54% 9.65% 9.63% 9.64% 9.71% Net Intere
Slide 34: Company Overview
COMPANY OVERVIEW
Slide 35: Our Journey
Our Journey Five-Star Business Finance Limited | Investor Presentation – Q1FY26 2023 2005 – 2015 373 branches; ₹69bn AUM AA- rating BUILDING & 2020 Listing on the bourses STRENGTHENING PHASE 252 branches; ₹39bn AUM Post COVID, back to A rating quality growth Strong portfolio growth 2014 Marquee PE i
Slide 36: Who we are
Who we are Five-Star Business Finance Limited | Investor Presentation – Q1FY26 NBFC providing secured financial solutions to Small Business customers and Self-employed Individuals who are largely cut-off from formal lending ecosystem Deep understanding of customer behavior and strong knowledge of ma
Slide 37: Current Shareholding
Current Shareholding Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Institutional Promoters Top Institutional Investors* (ex-PE and Promoter) Others 2.86% Investor name % stake** Individual Promoter 10.33% Fidelity Investments 6.80% 18.38% & Promoter Group AIF & QIB 3.58% Wasatc
Slide 38: Growth Opportunity & Levers (1/2)
Growth Opportunity & Levers (1/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Large Market Opportunity to be served through multiple growth levers Large Market Opportunity Five Star Growth Strategy Fiscal 2024E MSME Credit Gap To address the large untapped market opportunity
Slide 39: Growth Opportunity & Levers (2/2)
Growth Opportunity & Levers (2/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Growth Strategy shall be borrower led coupled with appropriate increase in ticket size 5,00,000 0.28 4,60,756 4,50,000 0.27 0.27 4,00,000 3,85,966 96.29% 0.26 0.26 3,50,000 0.25 84.22% COVID years w
Slide 40: Customer & Product
Customer & Product Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Well thought out customer & product strategies – helps us remain insulated even during periods of stress Customer Strategy Product Strategy Who are our customers – Small Business Owners and Self- Loan purpose – Lo
Slide 41: Distribution
Distribution Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Gradual growth in newer regions; significant ramp-up upon reaching the comfort state 767 branches | 11 States / UT State-wise portfolio break-up Normal branches – 610; Split branches – 157 No of State Q1FY26 FY25 FY24 F
Slide 42: Cluster Strategy – Ideal Branch Structure
Cluster Strategy – Ideal Branch Structure Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Evolution of Branch Structure at Five-Star Till FY2016 2017 – 2023 2023 till date… Normal Branch Strategy Super Branch Strategy Cluster / Ideal Branch Strategy 5-6 Relationship Officers Add
Slide 43: Robust Proprietary Underwriting (1/2)
Robust Proprietary Underwriting (1/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Underwriting strategy fine-tuned over years of experience – to serve a “not so easy to underwrite TAM” Difficulties in evaluating the Addressable Market Segment Five Star’s capabilities Credit a
Slide 44: Robust Proprietary Underwriting (2/2)
Robust Proprietary Underwriting (2/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Multiple levels of appraisal – Final sanction can be provided only by the Independent Credit team Branch Appraisal Credit Appraisal Pre-login assessment by the branch – Basic verification of Fie
Slide 45: Strong on-ground Collections infrastructure (1/2)
Strong on-ground Collections infrastructure (1/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 First-time business loan borrowers migrating from informal to formal ecosystem necessitates multiple touchpoints On-ground team Typical Recovery Process at Five Star – Parties involv
Slide 46: Strong on-ground Collections infrastructure (2/2)
Strong on-ground Collections infrastructure (2/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Focus on Unique Customer Collections Efficiency has contributed to significant improvement in portfolio profile Current Portfolio 30+ Portfolio 83.51% 87.39% 16.78% 74.17% 76.26% 71.
Slide 47: Technology Strategy (1/3)
Technology Strategy (1/3) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Robust investments in technology to efficiently manage the lending process, increase productivity and decrease costs ▪ Manual underwriting process with minimal Till FY2017 technology involvement ▪ Moved to
Slide 48: Technology Strategy (2/3)
Technology Strategy (2/3) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Comprehensive Tech stack to derive productivity and efficiency benefits Loan Origination & Underwriting Loan Servicing & Support Systems Reporting / MIS Loan Management Collections ML Models Customer Self S
Slide 49: Technology Strategy (3/3)
Technology Strategy (3/3) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Focused tech strategy / stack have helped achieved key benefits across functional verticals Loan Origination Credit Underwriting Collections ▪ Consistently improving TAT ▪ Fully rounded view of the borrower
Slide 50: Risk Management & Audit (1/2)
Risk Management & Audit (1/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Robust Risk Management and Risk-based Internal Audit Framework ensure strong oversight Board of Directors Risk Management Committee Audit Committee ALCO Credit Committee Business Resource Statutory Audi
Slide 51: Risk Management & Audit (2/2)
Risk Management & Audit (2/2) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Robust Risk Management and Risk-based Internal Audit Framework ensure strong oversight Risk Management Framework Risk based Internal Audit Framework Credit / Collateral / Portfolio Risk Strong framework
Slide 52: ESG @ Five Star (1/5)
ESG @ Five Star (1/5) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 ESG @ Five Star primarily revolves around the aspects of “S” (Social impact) and “G” (Governance) Business Responsibility and Comprehensive ESG and Comprehensive External Sustainability Report (BRSR) BRSR polic
Slide 53: ESG @ Five Star (2/5)
ESG @ Five Star (2/5) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Social Impact Indicators – Financial Inclusion (“Reaching the Unreached”) Company Vision Reaching the Unreached through suitable credit solutions Mission Statement Provide appropriate credit solutions to the hi
Slide 54: ESG @ Five Star (3/5)
ESG @ Five Star (3/5) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Social Impact Indicators – Branch Presence Significant Branch presence in Tier 3 to Tier 6 towns - semi-urban and fast-growing Branch Presence • Significant branch presence in Tier 3 to Tier 6 towns rural geogr
Slide 55: ESG @ Five Star (4/5)
ESG @ Five Star (4/5) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Strong Governance Framework Board of Directors 1 4 2 1 Promoter Director Independent Directors Executive Directors Non-Executive Director (including 1 Woman Director) Board Risk Management Nomination & Stakehol
Slide 56: ESG @ Five Star (5/5)
ESG @ Five Star (5/5) Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Robust Corporate Governance supported by Board approved Policies The Board of Directors helps improve Corporate visibility, image and governance and provides strong comfort to external stakeholders. The Board a
Slide 57: Strong Human Capital
Strong Human Capital Five-Star Business Finance Limited | Investor Presentation – Q1FY26 Strong & adequate Human Capital for the size and scale of operations Function No of employees Proportion of Headcount – Branch vs HO Business & Collections 8,338 4% - Relationship Officers 6,734 - Branch Manager
Slide 58: Thank You
Five Star Business Finance Limited | Investor Presentation – Q1FY25 Thank You For further information, you may please email to: ir@fivestargroup.in
Five-Star Business Finance — Q1 FY2026 Earnings Presentation on 6ix