Spandana Sphoorty Financial
- Market cap
- ₹ 1,285 Cr.
- P/E
- 31.2x
- P/B
- 0.79x
- 52-week range
- 174.65 – 319.4
- ROE
- −29%
- Dividend yield
- 0%
- Debt / equity
- 1.86
- Sector
- Finance
- Industry
- Microfinance Institutions
- Listed on
- NSE, BSE
About
Spandana Sphoorty Financial Limited is an India-based rural-focused non-banking financial company. The Company is a microfinance lender (NBFC-MFI) with a geographically diversified presence in India. It offers loans under the joint liability group (JLG) model, to women from low-income households in rural areas. The Company's product categories include JLG-based microfinance, Loan Against Property (LAP), Nano Enterprise Loans, and Individual Loans. Its JLG-based micro-loans are its flagship product and specifically designed for women entrepreneurs. Its LAP is designed to cater to small entrepreneurs, which includes acquiring equipment, renovating, or expanding office space. Its Nano Enterprise Loans are specifically for micro and small business owners, providing unsecured financing. Its Individual Loans cater to small entrepreneurs and individuals. Its products include Chetana, Consumer Durable Loan, Unnati, and Water Sanitation & Hygiene Loan.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Microfinance Institutions: 5 companies →Spandana Sphoorty Financial against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)31.2 against a typical 10.3: pricier than most peers (1st = cheapest).5th of 5
- Sales growth−5.3% against a typical +8.4% from a year earlier.5th of 5
- Share price, 3 months−27% against a typical −34.5%.2nd of 5
- Size₹ 1,285.4 Cr. market value against a typical ₹ 2,405 Cr. (1st = largest).5th of 5
Latest announcements
Exchange filings and their impact on the company.
- 1.68 cr rights shares turn fully paid and start trading on Oct 12, confirming receipt of call money.
Spandana Sphoorty received trading approvals from BSE and NSE for 1,67,60,459 shares converted from partly paid to fully paid after payment of the rights issue first-and-final call. The shares will trade under ISIN INE572J01011 from October 12, 2026, ranking pari-passu with existing equity. Conversion of 1,44,796 partly paid shares is pending due to demat technical errors. The call money receipt modestly strengthens the micro-lender's equity and liquidity while it works through asset-quality stress.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB+ by 2 agencies- CARE lowered its rating on 2 Jul 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | Withdrawn | Stable | 7 Oct 2026 |
| CARE | CARE AA- (SO) | — | 31 Jul 2026 |
| CRISIL | Withdrawn | Stable | 15 Jun 2026 |
| ICRA | [ICRA]BBB+ | Stable | 11 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 7 Oct 2026 | Withdrawn | was IND BBB+ | Medium | India Ratings | ₹ 730 Cr. | |
| 31 Jul 2026 | ▲ Upgrade4 notches | CARE BBB+ → CARE AA- (SO) | — | CARE | ₹ 117.19 Cr. | |
| 2 Jul 2026 | ▼ Downgrade4 notches | CARE AA- (SO) → CARE BBB+ | — | CARE | ₹ 2,550 Cr. | |
| 26 Jun 2026 | Reaffirmed | Provisional CARE AA- (SO) → CARE AA- (SO) | — | CARE | ₹ 122.74 Cr. | |
| 15 Jun 2026 | Withdrawn | was Crisil BBB+ | — | CRISIL | ₹ 1,700 Cr. |
Fund raises
QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates
| Stage | Details | |||||
|---|---|---|---|---|---|---|
| 9 Oct 2026 | Rights issue | Allotted | — | — | — |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 23 Jul 2026 | Financial Results | To consider and approve the unaudited financial results for the quarter ended Jun 30, 2026 |
| 5 May 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended March 31, 2026 and Fund Raising |
| 20 Apr 2026 | Fund Raising | The meeting of the Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited is scheduled to be held on Monday, April 20, 2026, inter-alia to consider and approve, the issue and offer of Non-Convertible Debentures on private placement basis. |
| 27 Jan 2026 | Financial Results | to consider and approve unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2025 |
| 17 Dec 2025 | Fund Raising | Meeting of the Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited is scheduled to be held on Wednesday, December 17, 2025, inter-alia to consider and approve, the issue and offer of Non-Convertible Debentures on private placement basis. |
| 11 Dec 2025 | Fund Raising | Meeting of the Management Committee of the Board of Directors of Spandana Sphoorty Financial Limited is scheduled to be held on Thursday, December 11, 2025, inter-alia toconsider and approve, the issue and offer of Non-Convertible Debentures on private placement basis. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 610 | 626 | 676 | 710 | 682 | 552 | 415 | 300 | 230 | 234 | 260 | 284 |
| Interest | 228 | 250 | 249 | 259 | 258 | 229 | 185 | 154 | 120 | 109 | 126 | 132 |
| Expenses | 240 | 231 | 281 | 398 | 727 | 922 | 804 | 627 | 443 | 258 | 139 | 151 |
| Financing Profit | 142 | 145 | 145 | 52 | −303 | −600 | −575 | −480 | −333 | −133 | −5 | 1 |
| Financing Margin % | 23% | 23% | 22% | 7% | −44% | −109% | −139% | −160% | −145% | −57% | −2% | 0% |
| Other Income | 30 | 31 | 34 | 27 | 20 | 18 | 4 | 4 | 10 | 11 | 17 | 19 |
| Depreciation | 5 | 6 | 7 | 4 | 5 | 6 | 7 | 4 | 4 | 4 | 4 | 3 |
| Profit before tax | 168 | 170 | 172 | 75 | −289 | −588 | −578 | −481 | −327 | −125 | 8 | 18 |
| Tax % | 25% | 25% | 25% | 26% | −25% | −25% | −25% | −25% | −24% | −24% | 34% | 32% |
| Net Profit | 125 | 127 | 129 | 56 | −216 | −440 | −434 | −360 | −249 | −95 | 5 | 12 |
| EPS in Rs | 14.16 | 14.4 | 14.5 | 6.28 | −24.39 | −49.63 | −48.96 | −40.61 | −28.09 | −10.71 | 0.59 | 1.34 |
| Gross NPA % | 1.4% | 1.6% | 1.5% | 2.6% | 4.9% | 4.9% | 5.6% | 5.5% | 5.6% | 4.2% | 3.8% | 3.6% |
| Net NPA % | 0.4% | 0.5% | 0.3% | 0.5% | 1% | 1% | 1.2% | 1.2% | 1.2% | 0.9% | 0.7% | 0.7% |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- −7%
- 3 Years
- −10%
- TTM
- −48%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 77%
- 10 Years
- —
- 5 Years
- −17%
- 3 Years
- −32%
- TTM
- —
- 10 Years
- —
- 5 Years
- −8%
- 3 Years
- −14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Spandana Sphoorty Financial | ₹ 194.55 | ₹ 1,285 Cr. | 31.2x | 0.8x | −29% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
Management
- Ashish Kumar Damani
- President, Chief Financial Officer
- Venkatesh Krishnan
- Chief Executive Officer, Managing Director
- Vishal Sharma
- Chief Operating Officer
- Prashant Rai
- Chief People Officer
- Avinash Yadav
- Chief Information Officer
- Vijay Mohan Reddy
- Chief Compliance Officer
- G. Parthasarathy
- Chief Risk Officer
- Subhrangsu Chakravarty
- Chief Financial Controller
Prices are delayed and for information only. Nothing on this page is investment advice.