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Spandana Sphoorty Financial Ltd

Spandana Sphoorty Financial Ltd (SPANDANA)

₹855.95▲0.41%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Spandana Sphoorty Financial Ltd share Performance

₹850.9
₹856.05
₹855.95
0.59%
Low
Day's Volatility:0.60%
High
0.01%
₹606.8
₹1243.2
₹855.95
29.11%
Low
52 Weeks Volatility:74.35%
High
45.24%

Returns %
1 Month Return	-4.79 %
3 Month Return	-11.47 %
1 Year Return	28.38 %

Market Stats
Previous Close	₹859.30
Open	₹850.90
Volume	1.54L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹6,127.66Cr

Analyst Rating

based on 8 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 8 analysts offering long term price targets for Spandana Sphoorty Financial Ltd. An average target of ₹1218.88

Source: S&P Global Market Intelligence

Company Information

Spandana Sphoorty Financial Ltd. was formed in 2003 in Hyderabad, India and was granted a Certificate of Registration from the Reserve Bank of India in 2004. The NBFC-MFI status was granted to the company in 2015 and as of March 2019, it is the fourth largest NBFC-MFI and sixth largest amongst NBFC-MFIs and SFBs in terms of AUM. The company provides income generation loans, via a joint liability model, to low-income households in rural areas. It has an in-depth understanding of the borrowing requirements of the client segment and works towards the socioeconomic wellbeing of these households. They increased their lender base in 2018, diversified their borrowings and also issued NCDs. This enabled them to expand their operations and loan sizes given the increased capital flow. ICRA research showed that as of March 2017 the company had the lowest portfolio per branch in comparison to its peers. Post-exit from Credit Default Swap (CDR) in 2017, the company experienced a steep growth of 143.8% in terms of Gross AUM in 2018.

Share Price: ₹855.95 per share as on 06 May, 2024 09:28 AM
Market Capitalisation: ₹6,127.66Cr as of today
Revenue: ₹0.00Cr as on March 2024 (Q1 24)
Net Profit: ₹128.66Cr as on March 2024 (Q1 24)
Listing date: 19 Aug, 2019
Chairperson Name: Abanti Mitra

Organisation	Spandana Sphoorty Financial Ltd
Headquarters
Industry	Finance
E-voting on shares	Click here to vote

Key events for Spandana Sphoorty Financial Ltd

Spandana Sphoorty Financial to Scale Up Micro-Loan Against Property and Nano-Enterprise Book - 02 May, 2024
Spandana Sphoorty Financial plans to increase its micro-loan against property (LAP) and nano-enterprise book in 2024-25. The company's subsidiary, CRISS Financial, is offering these products with an aim to take the micro-LAP and non-enterprise loan book to Rs 400-500 crore this year. The net interest margin rose to 14.6% in the March quarter from 13.9% a year ago.
Spandana Sphoorty Financial Reports Strong Q4 Results - 30 Apr, 2024
Spandana Sphoorty Financial reports strong Q4 results with a 22% rise in consolidated net profit and 8% increase in total income. ICICI Securities and Motilal Oswal maintain buy ratings with reduced target prices.
Spandana Sphoorty Financial Reports Strong Q4 Results - 29 Apr, 2024
Microfinance lender Spandana Sphoorty Financial reported strong Q4 results with a 22% YoY rise in net profit and an AUM growth of 41% YoY. The company also reported its highest-ever annual net profit at Rs 501 crore. Its gross NPA ratio improved to 1.5%, while the net interest income grew 41% YoY to Rs 378 crore.
Spandana Sphoorty Financial to Issue NCDs on Private Placement Basis - 24 Apr, 2024
Spandana Sphoorty Financial has approved the issuance of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures worth Rs 50.14 crore on private placement basis with a deemed date of allotment as April 30, 2024.
M&A Activities Likely in Microfinance Space, Spandana Sphoorty Financial Ltd. Mentioned - 15 Apr, 2024
Independent market expert Mahantesh Sabarad suggests that M&A activities are likely to happen in the microfinance space and mentions Spandana Sphoorty Financial Ltd. as a potential candidate. With stabilizing interest rates and the upcoming monsoon season, credit pickup from microfinance companies may increase.

Fundamentals of Spandana Sphoorty Financial Ltd

Insights on Spandana Sphoorty Financial Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 7.62% to 7.92% in Mar 2024 quarter
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 8 quarters, -219.77 Cr → 128.64 Cr (in ₹), with an average increase of 81.8% per quarter
POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 4 quarters, 527.29 Cr → 709.6 Cr (in ₹), with an average increase of 9.2% per quarter
POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 15.90% to 18.65% in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 125.7% return, outperforming this stock by 81.7%
NO EFFECT
Against Peers
In the last 1 year, Shriram Finance Ltd has given 92.0% return, outperforming this stock by 63.7%
NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 3.57% to 2.25% in Mar 2024 quarter
NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 59.89% to 59.75% in Mar 2024 quarter
NEGATIVE IMPACT
Price Dip
In the last 6 months, SPANDANA stock has moved down by -4.9%

Spandana Sphoorty Financial Ltd Valuation

Spandana Sphoorty Financial Ltd in the last 5 years

Overview
Trends

Lowest (-65.36x)

January 3, 2023

Today (12.20x)

May 3, 2024

Industry (31.43x)

May 3, 2024

Highest (573.20x)

June 14, 2023

LowHigh

Mutual Fund Holdings

Funds	Holdings
Edelweiss Small Cap Fund Direct Growth	1.11%
Tata Banking & Financial Services Fund Direct Growth	1.3%
Edelweiss Mid Cap Fund Direct Plan Growth Option	0.47%
Union Small Cap Fund Direct Growth	1.1%
JM Value Fund (Direct) - Growth	2.03%