MarketFriction

Spandana Sphoorty Financial Ltd

NSE SPANDANA · BSE 542759 · Microfinance Institutions
₹216.34 -2.00%
NSE close2026-10-01
52 week range181.10 - 319.40
Market cap₹2,008 Cr.
IPO 2019 · -75% since Price band 20% Delivery 52.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue610626676710682552415300230234260284
Interest228250249259258229185154120109126132
Expenses240231281398727922804627443258139151
Financing Profit14214514552-303-600-575-480-333-133-51
Financing Margin %23%23%22%7%-44%-109%-139%-160%-145%-57%-2%0%
Other Income3031342720184410111719
Depreciation567456744443
Profit before tax16817017275-289-588-578-481-327-125818
Tax %25%25%25%26%-25%-25%-25%-25%-24%-24%34%32%
Net Profit12512712956-216-440-434-360-249-95512
EPS in Rs14.1614.4014.506.28-24.39-49.63-48.96-40.61-28.11-10.710.591.34
Gross NPA %1.40%1.61%1.50%2.60%4.86%4.85%5.63%5.49%5.60%4.20%3.80%3.60%
Net NPA %0.42%0.48%0.30%0.53%0.99%0.98%1.19%1.15%1.20%0.90%0.70%0.70%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue5871,0431,4351,4831,4631,4012,4012,3551,0241,007
Interest232360360426542460930936511487
Expenses672084828728329898902,8441,465991
Financing Profit28847559318589-48581-1,425-952-470
Financing Margin %49%46%41%12%6%-3%24%-61%-93%-47%
Other Income0534231776110694258
Depreciation679891120231615
Profit before tax2834736182009718671-1,379-925-427
Tax %34%34%43%27%28%30%25%-25%-24%
Net Profit1883123521457012501-1,035-699-327
EPS in Rs50.8042.0243.9318.138.091.3956.44-116.70-78.87-36.89
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-7%-10%-48%
Compounded Profit Growth%%%77%
Stock Price CAGR%-16%-34%-9%
Return on Equity%-8%-14%-29%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital306064646971717180
Reserves2161,8302,5622,6853,0183,0283,5732,5622,049
Borrowing3,4772,9683,0255,3733,7726,0749,4255,6563,943
Other Liabilities4275326455217209313205174
Total Liabilities3,7644,9325,9778,5777,0769,38313,3838,4946,246
Fixed Assets82734383147525239
CWIP-0-0-0-0-0-0-0-0-0
Investments0048722189112110114
Other Assets3,7564,9055,4568,5377,0439,14613,2188,3326,094
Total Assets3,7644,9325,9778,5777,0769,38313,3838,4946,246
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1,855-573-35-1,754863-2,171-2,6793,681882
Cash from Investing Activity-4-33-48748236-175-172-132165
Cash from Financing Activity1,6736504342,348-1,3072,4333,435-3,712-1,514
Net Cash Flow-18644-891,076-40886585-162-466
Free Cash Flow-1,860-581-40-1,766851-2,184-2,7043,659880
CFO/OP-342%-67%-2%-274%171%-517%-170%-767%-200%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %77%29%16%5%2%0%15%-33%-29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.41%59.89%59.75%56.85%55.84%48.13%48.13%48.13%48.16%48.16%48.16%48.16%
FIIs18.74%19.05%21.79%22.83%22.64%21.71%19.83%19.80%20.26%20.35%19.89%19.29%
DIIs13.02%13.45%10.53%8.96%7.33%6.30%6.45%5.65%6.12%5.78%5.78%5.68%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%
Public7.82%7.62%7.92%11.35%14.19%23.86%25.59%26.43%25.48%25.72%26.16%26.87%
No. of Shareholders20,70625,87035,70448,59673,88990,9841,23,0011,23,3801,20,4571,16,7551,13,0711,08,583

Fundamentals

Market Cap₹ 2,008 Cr.
Current Price₹ 227
Book Value₹ 240
ROCE-5.78 %
ROE-29.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-48%
Compounded Profit Growth (TTM)77%
Consolidated figures.
Valuation
Market capRs 1,543 Cr
Enterprise valueRs 5,354 Cr
Price to book0.59x
Price to sales1.53x
EV / EBITDA72.14x
EV / EBIT89.69x
EV / sales5.32x
Price to cash flow0.42x
Earnings yield-21.19%
P/E, 3-year average151.79x
P/B, 3-year average1.11x
P/E, 5-year average90.13x
P/B, 5-year average1.08x
Profitability
Operating margin (excl. other income)-20.75%
Operating margin (incl. other income)-17.83%
EBITDA margin7.37%
Pre-tax margin-42.39%
Net profit margin-32.45%
Net margin, latest quarter4.18%
ROE-32.98%
ROCE-4.14%
ROA-9.46%
ROE, 3-year average-5.91%
ROCE, 3-year average5.40%
ROA, 3-year average-1.64%
ROE, 5-year average-1.99%
ROCE, 5-year average6.76%
ROA, 5-year average-0.41%
ROIC (approx.)0.70%
Tax rate24.92%
Other income / net worth2.62%
Growth
Sales growth (latest year)-1.89%
Profit growth (latest year)-306.75%
Sales CAGR, 3 years17.20%
Sales CAGR, 5 years10.41%
Sales growth QoQ9.33%
Profit growth QoQ125.43%
Sales growth YoY (latest quarter)-5.51%
Per share
EPS (TTM)Rs -45.85
EPS (latest year)Rs -145.16
EPS (latest quarter)Rs 1.67
EPS, 3-year averageRs -24.40
EPS, 5-year averageRs -8.12
Book value per shareRs 369.27
Sales per shareRs 141.28
Cash flow per shareRs 516.28
Free cash flow per shareRs 123.41
Efficiency
Asset turnover0.28x
Fixed asset turnover45.63x
Leverage
Total debtRs 5,656 Cr
Cash and bankRs 1,844 Cr
Net debtRs 3,812 Cr
Debt to equity2.15x
Net debt / EBITDA51.36x
Interest coverage0.12x
Owners' fund to total sources31.00%
Debt to assets66.59%
Cash flow
Cash from Operating Activity (latest year)Rs 3,681 Cr
Cash from Investing Activity (latest year)Rs -132 Cr
Cash from Financing Activity (latest year)Rs -3,712 Cr
Net Cash Flow (latest year)Rs -162 Cr
Free cash flow (latest year)Rs 880 Cr
FCFE (approx.: FCF + change in debt)Rs -2,889 Cr
Sales to cash flow0.64x
Statement figures
Net sales (TTM)Rs 1,007 Cr
Net sales (latest year)Rs 2,355 Cr
Sales (latest quarter)Rs 284 Cr
Operating profit excl. other income (latest year)Rs -489 Cr
Operating profit (latest quarter)Rs 133 Cr
Other income (TTM)Rs 58 Cr
EBITDA (TTM)Rs 74 Cr
PBDT (TTM)Rs -412 Cr
Profit before tax (TTM)Rs -427 Cr
Tax (latest year)Rs -344 Cr
Net profit (TTM)Rs -327 Cr
Net profit (latest year)Rs -1,035 Cr
Net profit (latest quarter)Rs 12 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 487 Cr
Cost of goods sold (latest year)Rs 42 Cr
Total expenditure (latest year)Rs 2,844 Cr
Total income (latest year)Rs 2,424 Cr
Share capitalRs 71 Cr
ReservesRs 2,562 Cr
Shareholders' fundsRs 2,633 Cr
Total assetsRs 8,494 Cr
Net blockRs 52 Cr
InvestmentsRs 110 Cr
Other liabilitiesRs 205 Cr
Shares outstanding (crore)7.13
Ownership
Promoter holding48.16% (+0.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.59 is at the 16th percentile (median 1.53).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSPANDANANifty 50Difference
1 week-4.1%-2.8% -1.3 pts
1 month-8.5%-6.8% -1.7 pts
3 months-28.3%-7.6% -20.7 pts
6 months+17.5%+0.4% +17.1 pts
1 year-15.2%-9.9% -5.3 pts
2 years-63.5%-13.6% -49.9 pts
3 years-74.1%+14.2% -88.2 pts
5 years-61.7%+27.9% -89.6 pts
3 mutual fund schemes hold about ₹12 Cr. Over three months 3 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
JM Value Fund0.68%5 +26%
Bandhan Financial Services Fund0.39%4 +60%
JM ELSS-Tax Saver Fund0.82%2 +17%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Revenue ₹284 Cr -5.3% vs Jun 2025. Net profit ₹12 Cr +103.3%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
CreditAccess Grameen Ltd19,52016.19.98 %
Muthoot Microfin Ltd3,02712.39.31 %
Fusion Finance Ltd2,80216.65.92 %
Satin Creditcare Network Ltd2,6316.4213.8 %
No bulk or block deals on record.
Ex-dateActionFactor
2025-07-24Rights 10:41 @ Premium Rs 220/-
DateTypeWhat it says
2026-09-29General UpdatesConversion of partly paid-up equity shares into fully paid-up equity shares in relation to the rights issue ( Rights Issue ) by Spandana Sphoorty Fina...
2026-09-23Concall / analyst meetIntimation of Schedule of Investors Conference.
2026-09-11Shareholder meetingNotice of Postal Ballot
2026-08-21General UpdatesNotice for payment of first and final call on partly paid-up equity shares issued and allotted on rights basis,pursuant to Letter of Offer dated July ...
2026-08-20General UpdatesOutcome of 23rd Annual General Meeting held on August 18, 2026.
2026-08-20Shareholder meetingVoting results.
2026-08-18Shareholder meetingProceedings of 23rd Annual General Meeting held on Tuesday, August 18, 2026.
2026-08-17Suspension of TradingMembers of the Exchange are hereby informed that the trading in the partly paid-up equity shares (Series: E1, ISIN: IN9572J01019) of Spandana Sphoorty...
2026-08-14Amalgamation/MergerThe Board ofDirectors ( Board ) of the Company at its meeting held today, i.e. Friday, August 14, 2026, approved the amalgamation of Criss Financial L...
2026-08-14AppointmentAppointment of Mr. Neeraj Swaroop (DIN: 00061170) as an Additional Director in the capacity of Independent Director, with effect from August 14, 2026,...
2026-08-14ResignationResignation of Mr. Neeraj Swaroop (DIN: 00061170) as a Non-Executive Nominee Director (nominee of Kedaara Capital I Limited), with effect from August ...
2026-08-14Board meeting outcomeOutcome of Board Meeting held on August 14, 2026.
2026-08-05Record DateRecord date for the purpose of Determining the holders for paying the outstanding amount of the partly paid up equity shares. is 19-Aug-2026.
2026-08-05Board meeting outcomeOutcome of Board Meeting held on August 05, 2026, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Req...
2026-07-31Concall / analyst meetTranscript
2026-07-24General UpdatesBusiness Responsibility and Sustainability Report for financial year 2025-26.
2026-07-24Shareholder meetingNotice of the Twenty-Third (23rd) Annual General Meeting (AGM) and Annual Report 2025-26.
2026-07-24Concall / analyst meetLink of Recording
2026-07-23Monitoring Agency ReportMonitoring agency report for the quarter ended June 30, 2026
2026-07-23AppointmentAppointment of Ms. Dipali Hemant Sheth (DIN: 07556685), Independent Director of the Company,as Non-Executive Chairperson of the Company.
2026-07-23Investor PresentationInvestor Presentation
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Press Release for the quarter ended June 30, 2026".
2026-07-23Board meeting outcomeSpandana Sphoorty Financial Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Concall / analyst meetSchedule of meet
2026-07-15Amalgamation/MergerAmalgamation/Merger
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Spandana Sphoorty Financial Ltd?

Spandana Sphoorty Financial Ltd (SPANDANA) has a market capitalisation of Rs 2,008 Cr. at the 2026-10-01 close.

What were Spandana Sphoorty Financial Ltd's latest quarterly results?

In the Jun 2026 quarter, Spandana Sphoorty Financial Ltd revenue was Rs 284 Cr (-5.3% vs Jun 2025) and net profit was Rs 12 Cr.

What is the 52-week high and low of Spandana Sphoorty Financial Ltd?

The 52-week high is Rs 319.40 and the 52-week low is Rs 181.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03