Starteck Finance Limited (STARTECK)
₹259.95 +3.36% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Starteck Finance's net interest income was ₹3.7 Cr (+50.0% year on year, +14.6% on the previous quarter), and net profit ₹4.3 Cr (+21.9% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹3.7 | +50.0% | +14.6% |
| Operating profit | ₹5.3 | — | — |
| Net profit | ₹4.3 | +21.9% | -17.5% |
| EPS (₹) | 4.36 | +22.1% | -17.4% |
STARTECK delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 0.8% of the STARTECK shares traded on NSE were taken to delivery, against the stock's own 20-session average of 54.98%. That is lower than usual for this stock. Turnover was only ₹21 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 2 sessions in about the last 20.
Delivery in the last 5 sessions: 1.8% · 7.8% · 2.1% · 15.2% · 0.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Starteck Finance Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. The certificate from Registrar and Share Transfer Agent Adroit Corporate Services confirms that dematerialisation requests received during the period were processed and confirmed within 15 days. Security certificates received were verified, mutilated, and cancelled as per standard depository regulations. This is a recurring administrative compliance filing with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended 30th September, 2026
- Confirmation provided by Registrar and Share Transfer Agent Adroit Corporate Services Pvt. Ltd. dated 03 October 2026
- Depository confirmation and substitution in register of members completed within the stipulated 15 days
Starteck Finance Limited declared the voting results and scrutinizer report for its 41st Annual General Meeting held on September 18, 2026. All 8 resolutions were approved with requisite majority, including the adoption of FY26 financial statements and a final dividend of ₹0.25 (2.50%) per share for non-promoter shareholders. Additionally, special resolutions to enable future fund raising via securities and ordinary approval for group company transactions were passed. Promoters, holding a 73.3% stake, abstained from voting on the related-party transaction resolution.
- Declared final dividend of ₹0.25 (2.50%) per equity share of face value ₹10 for non-promoter shareholders
- Special resolution approved for raising funds by way of further issue of securities
- Transactions with Group Companies approved with 100% minority votes cast in favor (promoters abstained)
- Appointment of M/s Bagaria & Co. LLP as Statutory Auditors approved
- Total 8,751,379 votes polled out of 9,910,330 total shares (88.31% voter turnout overall)
Starteck Finance Limited conducted its 41st Annual General Meeting on September 18, 2026, with 31 members present via video conferencing. Key agenda items put to vote included a final dividend of ₹0.25 (2.50%) per share of ₹10 face value for non-promoter shareholders. Additionally, shareholders considered resolutions for raising funds via securities, approving group company transactions, and appointing M/s Bagaria & Co. LLP as statutory auditors. Official scrutinizer voting results will be disclosed separately.
- Declared final dividend of ₹0.25 (2.50%) per equity share of ₹10 face value for non-promoters
- Approval sought for fund raising by way of further issue of securities
- 31 members attended the 41st AGM conducted via video conference on September 18, 2026
- Statutory and secretarial audit reports presented without any qualifications or adverse remarks
Starteck Finance Limited has issued an addendum to the notice for its 41st Annual General Meeting (AGM) scheduled for September 18, 2026. The addendum adds a special resolution seeking shareholder approval for the re-appointment of Mr. Nilesh Parikh as an Independent Director for a second term of 5 consecutive years from September 6, 2026, to September 5, 2031. Mr. Parikh is a practicing Chartered Accountant with over 23 years of experience and holds nil shares in the company.
- AGM addendum issued for the 41st Annual General Meeting scheduled on September 18, 2026
- Proposes re-appointment of Mr. Nilesh Parikh as Independent Director for a 5-year term until September 5, 2031
- Mr. Parikh holds nil shares in the company and attended 3 Board meetings in FY 2025-26
- Remote e-voting for the proposed resolution closes on September 17, 2026
Starteck Finance Limited has approved the re-appointment of Mr. Nilesh Parikh as a Non-Executive Independent Director for a second term of 5 consecutive years, spanning from September 6, 2026, to September 5, 2031. The decision was approved via circular resolution based on the Nomination and Remuneration Committee's recommendation and remains subject to shareholder approval. Mr. Parikh brings over 23 years of experience in taxation, audit, and financial advisory services. The announcement represents routine board governance continuity for the Rs 243 crore market cap company.
- Re-appointment for a second term of 5 consecutive years
- Term commences on 6th September, 2026 and ends on 5th September, 2031
- Professional background includes over 23 years of experience in taxation and auditing
- Subject to approval by the company shareholders
Starteck Finance Limited has issued the notice for its 41st Annual General Meeting scheduled for September 18, 2026. The company is seeking shareholder approval for an enabling fundraise resolution of up to ₹1,500 Crores (including up to ₹1,000 Crores via Non-Convertible Debentures) through equity, QIP, or debt issuances. Additionally, the AGM agenda includes declaring a final dividend of ₹0.25 (2.50%) per share of ₹10 face value for non-promoter shareholders and appointing Bagaria & Co. LLP as statutory auditors for a 5-year term.
- Convened 41st AGM for Friday, September 18, 2026, at 4:00 PM IST via Video Conferencing.
- Proposed enabling resolution to raise funds up to ₹1,500 Crores, with up to ₹1,000 Crores specifically via NCDs.
- Proposed final dividend of ₹0.25 (2.50%) per ₹10 face value equity share for non-promoter shareholders for FY26.
- Proposed appointment of Bagaria & Co. LLP as Statutory Auditors for 5 consecutive years until the 46th AGM in 2031.
Starteck Finance Limited has fixed Friday, September 11, 2026, as the record date for determining shareholder eligibility for dividend payout for FY26, subject to approval at the upcoming Annual General Meeting (AGM). The company's 41st AGM is scheduled to take place on Friday, September 18, 2026, at 4:00 PM IST via video conferencing. Additionally, September 11, 2026, has been designated as the cut-off date for remote e-voting entitlement.
- Record date for FY26 dividend fixed for Friday, 11th September, 2026
- 41st Annual General Meeting scheduled on Friday, 18th September, 2026 at 04:00 p.m.
- Cut-off date for voting entitlement set as Friday, 11th September, 2026
- AGM to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Starteck Finance Limited has scheduled its 41st Annual General Meeting (AGM) for Friday, September 18, 2026, at 4:00 PM IST via video conferencing. The company has fixed Friday, September 11, 2026, as the record date for determining shareholder entitlement to the final dividend for FY26, subject to AGM approval. Additionally, September 11, 2026, has been designated as the cut-off date to determine voting eligibility at the AGM.
- 41st Annual General Meeting scheduled for September 18, 2026, at 04:00 p.m. IST via VC/OAVM
- Record date for FY26 dividend entitlement fixed as September 11, 2026
- Cut-off date for AGM voting eligibility set as September 11, 2026
Starteck Finance reported a strong Q1 FY27 with consolidated Profit After Tax (PAT) rising 47.7% YoY to ₹5.23 Cr, up from ₹3.54 Cr in Q1 FY26. Total income grew 15.6% YoY to ₹11.82 Cr, supported by a 16.7% increase in interest income to ₹9.47 Cr. The Board also renewed an annual enabling resolution to raise up to ₹1,500 Cr through debt (₹1,000 Cr) and equity (₹500 Cr). This fundraise limit is highly significant, representing approximately 5.8x the company's current market capitalization of ₹257 Cr.
- Consolidated PAT grew 47.7% YoY to ₹5.23 Cr for the quarter ended June 30, 2026.
- Interest income increased to ₹9.47 Cr from ₹8.11 Cr in the corresponding quarter of the previous year.
- Approved enabling resolution for fundraise up to ₹1,500 Cr, including ₹500 Cr via equity/convertible securities.
- Consolidated EPS improved to ₹5.28 from ₹3.58 in the year-ago period.
- Finance costs rose moderately to ₹5.73 Cr compared to ₹5.32 Cr in Q1 FY26.
Starteck Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Adroit Corporate Services Pvt. Ltd., confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed correctly. The registrar confirmed that security certificates were mutilated and cancelled, and the names of depositories were substituted in the register of members within the mandated 15-day period. This is a standard administrative filing with no impact on the company's financial position or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests processed and confirmed within 15 days
- Registrar and Share Transfer Agent (RTA) confirmed as Adroit Corporate Services Pvt. Ltd.
- Confirmation that dematerialized securities are listed on the stock exchanges
Starteck Finance Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results. The window will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This is a standard regulatory procedure for listed companies in India.
- Trading window closure begins on July 1, 2026
- Closure is for the quarter ending June 30, 2026, financial results
- Window to reopen 48 hours after the official announcement of results
Starteck Finance has recommended a final dividend of Rs 0.25 per equity share (2.5% of face value) for the financial year ended March 31, 2026. A significant highlight of this announcement is that the Promoter and Promoter Group have voluntarily waived their rights to receive this dividend. The company also approved its audited financial results for FY26, which received an unmodified (unqualified) opinion from the auditors. Additionally, the board has proposed the appointment of M/s. Bagaria & Co. LLP as the new statutory auditors for a five-year term.
- Recommended a final dividend of Rs 0.25 per equity share of Face Value Rs 10.
- Promoter and Promoter Group have waived their rights to receive the dividend for FY26.
- Statutory Auditors issued an unmodified (unqualified) opinion on the FY26 financial statements.
- Proposed appointment of M/s. Bagaria & Co. LLP as Statutory Auditors for a 5-year term starting from the 41st AGM.
- Re-appointed M/s Sandeep V. Chavan and Co. as Internal Auditors for the Financial Year 2026-27.
Starteck Finance Limited approved its FY2026 audited financial results with an unmodified audit opinion from current auditors. The board recommended a final dividend of 2.5% (Re. 0.25 per share), though the promoter group has notably waived their right to receive this payout. Furthermore, M/s. Bagaria & Co. LLP has been appointed as the new statutory auditors for a five-year term, subject to shareholder approval at the upcoming AGM. The company also re-appointed its internal auditor for the 2026-27 financial year.
- Recommended final dividend of 2.5% (Re. 0.25 per share) for the financial year ended March 31, 2026.
- Promoter and Promoter Group have waived their rights to receive the dividend payout.
- Appointment of M/s. Bagaria & Co. LLP as Statutory Auditors for a 5-year term from the 41st AGM to the 46th AGM.
- Current Statutory Auditors issued an unmodified (unqualified) opinion on both Standalone and Consolidated FY26 financials.
- Re-appointment of M/s Sandeep V. Chavan and Co. as Internal Auditor for the Financial Year 2026-27.
Starteck Finance has approved its audited financial results for the year ended March 31, 2026, receiving an unqualified audit opinion from its statutory auditors. The Board recommended a final dividend of 2.5% (Re. 0.25 per share), which is notably enhanced for minority shareholders as the Promoter Group has waived their dividend rights. Additionally, the company has proposed the appointment of Bagaria & Co. LLP as the new statutory auditors for a five-year tenure. The consolidated performance includes contributions from its wholly-owned subsidiaries, Chitta Finlease and Bhuwalka Steel Industries.
- Recommended final dividend of Re. 0.25 per share (2.5% of face value) for FY 2025-26.
- Promoter and Promoter Group have voluntarily waived their rights to receive the dividend.
- Statutory Auditors issued an unmodified (unqualified) opinion on both standalone and consolidated financial statements.
- M/s. Bagaria & Co. LLP appointed as Statutory Auditors for a 5-year term starting from the 41st AGM.
- Consolidated results include wholly-owned subsidiaries Chitta Finlease and Bhuwalka Steel Industries.
Starteck Finance Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the quarter and year ending March 31, 2026. The trading window will remain closed until 48 hours after the financial results are made public. This is a standard regulatory procedure for listed companies in India to prevent insider trading during the earnings preparation period.
- Trading window closure commences on April 1, 2026.
- Closure is related to the audited financial results for the quarter and year ended March 31, 2026.
- The window will reopen 48 hours after the official declaration of the financial results.
- Compliance is maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Financing activities (100% of revenue): Total income grew 17.4% YoY to INR 33.27 Cr in FY25 from INR 28.34 Cr in FY24. Interest income grew 5.6% YoY to INR 27.83 Cr.
Geographic Revenue Split
100% Mumbai Metropolitan Region (MMR) focus, leveraging Sunteck Realty's brand recall in urban and semi-urban areas.
Profitability Margins
Net profit ratio decreased from 37.22% to 33.87% (-8.99% variance) due to a 63.1% surge in finance costs. Return on Equity (ROE) fell from 5.86% to 5.01% (-14.57% variance).
EBITDA Margin
Return on Capital Employed (ROCE) improved from 12.71% to 13.28% (+4.45% variance), indicating better core profitability despite higher borrowing costs.
Capital Expenditure
INR 11 Cr invested in wholly-owned subsidiary Starteck Housing Finance Private Limited to secure a housing finance license.
Credit Rating & Borrowing
BWR rating withdrawn in July 2021. Total borrowings of INR 87.31 Cr include an overdraft limit of INR 46.49 Cr, term loans of INR 31.61 Cr, and group loans of INR 9.21 Cr.
Operational Drivers
Raw Materials
Capital/Debt (Finance Cost: INR 18.99 Cr, representing 57% of total income).
Key Suppliers
Sunteck Realty (Promoter support), various banks for overdraft and term loan facilities.
Capacity Expansion
Not applicable for financial services; focus is on scaling the loan book balance sheet.
Raw Material Costs
Finance costs increased 63.1% YoY to INR 18.99 Cr from INR 11.64 Cr, driven by increased leverage to grow the lending portfolio.
Manufacturing Efficiency
Return on Investment (ROI) decreased from 8.31% to 5.58% (-32.93% variance) due to increased holdings in low-coupon sovereign gold bonds.
Strategic Growth
Expected Growth Rate
17.40%
Growth Strategy
Leveraging synergies with Sunteck Realty to target homebuyers in residential projects, expanding into mid-income and affordable housing segments, and scaling MSME lending.
Products & Services
Retail home loans, loans to small corporates/MSMEs, and corporate financing.
Brand Portfolio
Sunteck (synergy), Starteck Finance.
New Products/Services
Housing finance via Starteck Housing Finance Private Limited (license applied for).
Market Expansion
Focus on 'Emerging India' and urban/semi-urban areas within the Mumbai Metropolitan Region.
Strategic Alliances
Strategic synergy with Sunteck Realty for captive customer acquisition.
External Factors
Industry Trends
Favorable outlook for mid-income and affordable housing segments in the medium term, supporting NBFC growth in retail lending.
Competitive Landscape
Competes with other ND-NSI NBFCs and Housing Finance Companies (HFCs) in the MMR region.
Competitive Moat
Durable moat through captive customer sourcing from Sunteck Realty, reducing customer acquisition costs compared to independent NBFCs.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles and real estate demand in the Mumbai Metropolitan Region.
Consumer Behavior
Increasing demand for affordable housing and simplified retail finance solutions in semi-urban areas.
Geopolitical Risks
Low, as operations are entirely domestic and focused on the Indian housing market.
Regulatory & Governance
Industry Regulations
Regulated by RBI as a Non-Deposit taking, Non-Systemically Important (ND-NSI) NBFC; compliant with Ind AS 34.
Taxation Policy Impact
Effective tax rate appears low; standalone PBT of INR 11.17 Cr resulted in PAT of INR 10.04 Cr.
Legal Contingencies
Not disclosed in available documents; auditors issued an unmodified opinion on internal financial controls.
Risk Analysis
Key Uncertainties
Nascent stage of operations and limited experience in the financial services space pose execution risks.
Geographic Concentration Risk
100% revenue concentration in the Mumbai Metropolitan Region (MMR).
Third Party Dependencies
Heavy reliance on Sunteck Realty promoters for capital support and resource raising.
Credit & Counterparty Risk
Exposure to group companies through short-term loans and legacy portfolio delinquencies (now fully provided for).
