Spandana Sphoorty Financial Ltd. (IN:SPANDANA)
:SPANDANA
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Spandana Sphoorty Financial Ltd.
(SPANDANA)
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Rating:47Neutral
Price Target:
₹230.00
▼(-11.83% Downside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance—sharp profitability deterioration, declining revenue, and persistently negative operating/free cash flow—along with ongoing leverage risk. Technicals are supportive with price above major moving averages, but overbought momentum signals temper that strength. Valuation is also pressured by a negative P/E reflecting losses.
Positive Factors
Established microfinance model
Spandana's core microfinance, group-based lending model targets rural and semi-urban low-income households and is inherently scalable and repeatable. This distribution-led origination creates durable customer reach and low ticket underwriting expertise that supports steady loan flow over months.
Negative Factors
Sharp profitability deterioration
The swing to deep net losses and severely negative margins reflects persistent credit or cost stress that undermines earnings power. Over multiple years this impairs capital, limits reinvestment, and raises probability of further capital raises or portfolio trimming, weakening long-term growth capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Established microfinance model
Spandana's core microfinance, group-based lending model targets rural and semi-urban low-income households and is inherently scalable and repeatable. This distribution-led origination creates durable customer reach and low ticket underwriting expertise that supports steady loan flow over months.
Read all positive factors
Spandana Sphoorty Financial Ltd. (SPANDANA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.71B
Dividend YieldN/A
Average Volume (3M)15.73K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth-56.02%
EPS Growth33.35%
CountryIN
Employees13,097
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-203.44
Shares Outstanding88,639,500
10 Day Avg. Volume7,350
30 Day Avg. Volume15,734
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.66
Price to Sales (P/S)1.33
P/FCF Ratio-1.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.78
Revenue Forecast (FY)₹8.51B
Spandana Sphoorty Financial Ltd. Business Overview & Revenue Model
Company Description
Spandana Sphoorty Financial Limited operates as a microfinance institution throughout India, providing essential financial services. The company offers a wide array of loan products, including income generation loans specifically designed for low-...
How the Company Makes Money
SPANDANA makes money primarily by earning interest income and related fees from its loan portfolio. The core revenue stream is the spread between (a) the interest it charges borrowers on microfinance loans and (b) its own cost of funds (borrowings...
Spandana Sphoorty Financial Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.83B | 10.66B | 21.60B | 22.16B | 12.68B | 13.85B |
| Gross Profit | 2.89B | 10.50B | 6.85B | 8.83B | 5.52B | 6.17B |
| EBITDA | -18.76B | -9.09B | -13.55B | 6.92B | 296.70M | 4.91B |
| Net Income | -14.84B | -6.99B | -10.35B | 5.01B | 123.10M | 694.68M |
Balance Sheet | ||||||
| Total Assets | 56.79B | 62.46B | 84.94B | 133.83B | 93.83B | 70.76B |
| Cash, Cash Equivalents and Short-Term Investments | 10.58B | 12.75B | 20.04B | 17.98B | 10.93B | 11.33B |
| Total Debt | 32.89B | 39.43B | 56.56B | 94.25B | 60.74B | 37.72B |
| Total Liabilities | 34.52B | 41.17B | 58.60B | 97.38B | 62.83B | 39.86B |
| Stockholders Equity | 22.27B | 21.29B | 26.33B | 36.45B | 30.99B | 30.88B |
Cash Flow | ||||||
| Free Cash Flow | 13.27B | -12.96B | -12.98B | -27.33B | -21.84B | 8.49B |
| Operating Cash Flow | 13.30B | -12.92B | -12.76B | -27.07B | -21.71B | 8.63B |
| Investing Cash Flow | 1.24B | 23.39B | 48.28B | 863.90M | -1.75B | 362.18M |
| Financing Cash Flow | -21.86B | -15.14B | -37.12B | 32.05B | 24.33B | -13.07B |
Spandana Sphoorty Financial Ltd. Technical Analysis
Negative
260.85
Price Trends
236.69
Negative
239.84
Negative
248.66
Negative
Market Momentum
1.44
Positive
38.17
Neutral
33.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPANDANA, the sentiment is Negative. The current price of 260.85 is above the 20-day moving average (MA) of 257.62, above the 50-day MA of 236.69, and above the 200-day MA of 248.66, indicating a bearish trend. The MACD of 1.44 indicates Positive momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 33.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPANDANA.
Spandana Sphoorty Financial Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹26.15B | 7.86 | ― | ― | 22.27% | 78.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹199.49B | 25.61 | ― | 0.77% | 5.00% | 45.78% | |
59 Neutral | ₹30.71B | -16.66 | ― | ― | -3.48% | ― | |
58 Neutral | ₹16.43B | 28.84 | ― | ― | -11.53% | 8.42% | |
57 Neutral | ₹20.55B | 76.41 | ― | ― | 22.54% | 30.49% | |
47 Neutral | ₹20.71B | -2.56 | ― | ― | -56.02% | 33.35% |
* Financial Sector Average
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
233.65
-36.25
-13.43%
IN:ARMANFIN
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1,245.00
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IN:MUFIN
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118.65
39.36
49.64%
IN:MUTHOOTMF
Muthoot Microfin Ltd
180.10
45.35
33.65%
IN:SATIN
Satin Creditcare Network Ltd
237.75
69.90
41.64%
Spandana Sphoorty Financial Ltd. Corporate Events
Spandana Sphoorty to Join Goldman Sachs Asia Financials Investor Meet
Jun 9, 2026
Spandana Sphoorty Financial Ltd. has announced that its management will participate in the Goldman Sachs 2026 Asia Financials Virtual Corporate Day on June 17, 2026, through a virtual group meeting with investors. The interaction, which will be li...
Spandana Sphoorty files FY26 audited results investor presentation with exchanges
May 5, 2026
Spandana Sphoorty Financial Ltd. has released an investor presentation detailing its audited financial results for the fourth quarter and full year ended 31 March 2026, as communicated to both BSE and NSE under applicable listing regulations. The ...
Spandana Sphoorty names Ganesh KV as new COO after Vishal Sharma resigns
Apr 3, 2026
Spandana Sphoorty Financial Ltd. has announced a top-level management change with the resignation of Chief Operating Officer Vishal Sharma, effective at the close of business on April 2, 2026. The company has appointed veteran financial services e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.