Spandana Sphoorty Financial Ltd
SPANDANASpandana Sphoorty Financial Ltd
SPANDANA
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 9.57 | 1.15 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.65 | 2.60 | 0.76% |
Forecast & Ratings
Detailed Forecast from 7 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Spandana Sphoorty Financial is engaged in the business of micro finance
Peers
Compare with peersBajaj Finance Ltd
Jio Financial Services Ltd
Shriram Finance Ltd
Cholamandalam Investment and Finance Company Ltd
Bajaj Housing Finance Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 587.54 | 1,048.53 | 1,469.51 | 1,505.62 | 1,480.03 | 1,477.03 | 2,533.95 | 2,743.64 | ||||||||
Raw Materials | — | — | — | — | — | — | — | 2,136.92 | ||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | |||||||||
| Employee Cost | 75.87 | 131.05 | 170.75 | 171.54 | 227.20 | 304.12 | 473.23 | |||||||||
| Selling & Administrative Expenses | 23.40 | 26.78 | 28.45 | 42.77 | 110.98 | 124.84 | 143.40 | |||||||||
| Operating & Other expenses | 199.84 | 410.27 | 643.01 | 1,083.25 | 1,035.80 | 1,019.38 | 1,226.34 | |||||||||
EBITDA | 288.43 | 480.43 | 627.30 | 208.06 | 106.05 | 28.69 | 690.98 | 606.72 | ||||||||
| Depreciation/Amortization | 5.72 | 6.97 | 8.83 | 7.62 | 9.18 | 10.87 | 20.41 | 21.63 | ||||||||
| PBIT | 282.71 | 473.46 | 618.47 | 200.44 | 96.87 | 17.82 | 670.57 | 585.09 | ||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | ||||||||
| PBT | 282.71 | 473.46 | 618.47 | 200.44 | 96.87 | 17.82 | 670.57 | 585.09 | ||||||||
| Taxes & Other Items | 94.75 | 161.65 | 267.00 | 55.41 | 27.40 | 5.51 | 169.91 | 148.14 | ||||||||
| Net Income | 187.96 | 311.81 | 351.47 | 145.03 | 69.47 | 12.31 | 500.66 | 436.95 | ||||||||
| EPS | 31.52 | 52.29 | 56.71 | 22.55 | 10.41 | 1.76 | 70.38 | 61.29 | ||||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Spandana Sphoorty Financial Ltd | 8.35 | 1.15 | — |
| Bajaj Finance Ltd | 33.02 | 6.22 | 0.47% |
| Jio Financial Services Ltd | 139.22 | 1.61 | — |
| Shriram Finance Ltd | 18.26 | 2.71 | 1.26% |
Price Comparison
Compare SPANDANA with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 3.04%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 2.70%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.04%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Spandana Sphoorty Financial Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Edelweiss Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7394% | Percentage of the fund’s portfolio invested in the stock 0.75% | Change in the portfolio weight of the stock over the last 3 months -0.16% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 64/78 (-7) |
Tata Banking And Financial Services Fund Direct Plan Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4513% | Percentage of the fund’s portfolio invested in the stock 0.82% | Change in the portfolio weight of the stock over the last 3 months -0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 33/35 (-2) |
JM Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1060% | Percentage of the fund’s portfolio invested in the stock 0.42% | Change in the portfolio weight of the stock over the last 3 months -1.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 67/73 (-16) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
SPANDANA has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Hmm, looks like data is unavailable here. Please come back after some timeThe agency has also affirmed the company's short-term rating at 'CARE A1+'. CARE Ratings stated that the reaffirmation of the rating of the commercial paper (CP), non-convertible debentures (NCD) and bank term loans of Spandana Sphoorty Financial (SSFL) is based on the company's healthy growth in loan portfolio of Rs 11,973 crore (on a consolidated basis) as on 31 March 2024, healthy liquidity profile, comfortable capitalisation position with low gearing levels as compared to peers, diversified resource profile with increasing share of bank borrowings owing to stabilization and strengthening of management team and geographically diversified AUM as on 30 June 2024. However, these rating strengths are partially offset by the ongoing stress in the Micro-Finance industry (MFI) due to increasing borrower indebtedness and the weakening of the Joint Liability Group (JLG) model, debt-waiver campaigns, continued high attrition rate at field staff level and heat wave effect, impacting the company's loan book growth, asset quality and profitability metrics. Owing to rise in delinquencies in Q1 FY25 and consequent uptick in the credit costs and operating costs, profitability of SSFL has been impacted with decline in annualized return on total assets (RoTA) to 1.72% vis-'-vis 4.47% in FY24. Asset quality after improving significantly in FY24, has deteriorated in Q1 FY5, with gross NPA (GNPA) rising from 1.68% as on 31 March 2024 to 2.89% as on 30 June 2024. Going forward, CARE Ratings anticipates a moderation in loan book growth considering the ongoing MFI stress. Additionally, rising credit costs are expected to exert further pressure on profitability, company's ability to maintain its financial flexibility in the current environment will remain key rating monitorable. Spandana Sphoorty Financial is a registered with the RBI as a non-banking financial company - micro finance institution (NBFC-MFI). The company is engaged in undertaking microfinance loans business in India in a joint liability group (JLG) and loan against property (LAP) lending model. The company provides micro loans with a tenure of 1-2 years to women borrowers from low-income households for income generation activities like agriculture, handlooms & handicrafts, cattle raring, cottage industries & micro entrepreneurial ventures like tailoring, grocery stores amongst others, education and healthcare. The scrip fell 2.91% to currently trade at Rs 570.40 on the BSE. Powered by Capital Market - Live
Spandana Sphoorty Financial has received credit rating from CARE Ratings for various instruments of the company as under: Instruments Amount (Rs crore) Rating action Long term bank facilities 1,500 CARE A+; Stable (reaffirmed) Non convertible debentures 200 CARE A+; Stable (assigned) Non convertible debentures 500 CARE A+; Stable (reaffirmed) Commercial paper 100 CARE A1+; Stable (reaffirmed) Powered by Capital Market - Live
Spandana Sphoorty Financial has approved the issuance of up-to 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures having face value of Rs 1,00,000 each at premium of Rs 690.40 per debenture, on private placement basis. The date of allotment is 08 October 2024. Powered by Capital Market - Live
Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 3 October 2024.Powered by Capital Market - Live
Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 6 September 2024.Powered by Capital Market - Live
Spandana Sphoorty Financial has approved the issuance of up-to 5,000 Unsubordinated, Listed, Secured, Transferable, Redeemable Non-Convertible Debentures having face value of Rs 1,00,000 each at par on private placement basis. The deemed date of allotment is 05 September 2024. Powered by Capital Market - Live
Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 27 August 2024.Powered by Capital Market - Live
Spandana Sphoorty Financial is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India. The company offers income generating loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas. Spandana Sphoorty Financial has reported 22% rise in consolidated net profit to Rs 129 crore on an 8% increase in total income to Rs 710 crore in Q4 FY24 as compared with Q4 FY23. The scrip rose 0.33% to close at Rs 619.75 on Thursday, 22 August 2024.Powered by Capital Market - Live
Spandana Sphoorty Financial has approved the issuance of 5000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable, Non Convertible Debentures of Rs 1 lakh each at par on private placement basis. The deemed date of allotment is 14 August 2024. Powered by Capital Market - Live
Spandana Sphoorty Financial has allotted 5000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures having face value of Rs 1,00,000 each at a premium of Rs 9,984.25 per debenture, aggregating Rs 54,99,21,250 on private placement basis. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 19.3%, vs industry avg of 15.2%
Increasing Market Share
Over the last 5 years, market share increased from 0.84% to 1.08%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 9.93%, vs industry avg of 20.97%