Star Housing Finance Ltd — Updates, 08-05-2025: Company Update

Star Housing Finance Limited has announced a credit rating affirmation by India Ratings & Research for its bank loans of INR 450 Cr and non-convertible debentures of INR 50 Cr at IND BBB/Stable. The agency noted Star HFL’s expanding franchise with growing AUM of INR 538 Cr, modest but steady profitability supported by strong net interest income growth, and adequate capitalization with plans for fresh equity infusion to support growth. Geographic concentration remains high with most exposure in Maharashtra, though the company is working on diversification. Funding is diversified across 20 lenders, while credit quality and liquidity remain adequate.