Spandana Sphoorty Financial Ltd. (IN:SPANDANA)
:SPANDANA
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Spandana Sphoorty Financial Ltd.
(SPANDANA)
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Rating:44Neutral
Price Target:
₹209.00
▼(-19.88% Downside)
Action:ReiteratedDate:04/01/26
The score is primarily weighed down by weakening fundamentals—negative profitability, high leverage, and negative operating/free cash flow—along with a strong technical downtrend (price below all key moving averages and bearish MACD). Valuation is neutral-to-weak because the negative P/E reflects losses and dividend yield is unavailable.
Positive Factors
Microfinance business model
Focus on small-ticket, collateral-free loans to underserved borrowers is a durable, mission-driven model that targets persistent credit gaps. Group-based lending and financial inclusion tailwinds support steady demand and recurring interest income, underpinning long-term revenue potential.
Negative Factors
Negative profitability
Net losses and negative ROE signal core profitability issues that erode retained capital and investor confidence. Persisting negative margins reduce ability to self-fund growth or absorb loan losses, making long-term recovery dependent on structural fixes to costs or credit quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Microfinance business model
Focus on small-ticket, collateral-free loans to underserved borrowers is a durable, mission-driven model that targets persistent credit gaps. Group-based lending and financial inclusion tailwinds support steady demand and recurring interest income, underpinning long-term revenue potential.
Read all positive factors
Spandana Sphoorty Financial Ltd. (SPANDANA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.14B
Dividend YieldN/A
Average Volume (3M)15.73K
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue Growth-45.13%
EPS Growth-1646.01%
CountryIN
Employees13,097
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-11.88
Shares Outstanding88,639,500
10 Day Avg. Volume7,350
30 Day Avg. Volume15,734
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.66
Price to Sales (P/S)0.81
P/FCF Ratio-1.34
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)9.43
Revenue Forecast (FY)₹9.74B
Spandana Sphoorty Financial Ltd. Business Overview & Revenue Model
Company Description
Spandana Sphoorty Financial Limited engages in the microfinance business in India. The company provides income generation loans for low-income households; loans against the property; personal loans for business development, purchase of livestock, ...
How the Company Makes Money
SPANDANA makes money primarily by earning interest income on its loan portfolio. Its core revenue stream is the spread between (a) the interest and fees it charges borrowers on microfinance loans and (b) its own cost of funds (borrowings from bank...
Spandana Sphoorty Financial Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.83B | 21.60B | 22.16B | 12.68B | 13.85B | 13.55B |
| Gross Profit | 2.89B | 6.85B | 8.83B | 5.52B | 6.17B | 8.00B |
| EBITDA | -18.76B | -13.55B | 6.92B | 296.70M | 4.91B | 2.26B |
| Net Income | -14.84B | -10.35B | 5.01B | 123.10M | 694.68M | 1.45B |
Balance Sheet | ||||||
| Total Assets | 56.79B | 84.94B | 133.83B | 93.83B | 70.76B | 85.77B |
| Cash, Cash Equivalents and Short-Term Investments | 10.58B | 20.04B | 17.98B | 10.93B | 11.33B | 13.10B |
| Total Debt | 32.89B | 56.56B | 94.25B | 60.74B | 37.72B | 53.73B |
| Total Liabilities | 34.52B | 58.60B | 97.38B | 62.83B | 39.86B | 58.26B |
| Stockholders Equity | 22.27B | 26.33B | 36.45B | 30.99B | 30.88B | 27.49B |
Cash Flow | ||||||
| Free Cash Flow | 13.27B | -12.98B | -27.33B | -21.84B | 8.49B | -17.70B |
| Operating Cash Flow | 13.30B | -12.76B | -27.07B | -21.71B | 8.63B | -17.54B |
| Investing Cash Flow | 1.24B | 48.28B | 863.90M | -1.75B | 362.18M | 4.82B |
| Financing Cash Flow | -21.86B | -37.12B | 32.05B | 24.33B | -13.07B | 23.48B |
Spandana Sphoorty Financial Ltd. Technical Analysis
Neutral
260.85
Price Trends
234.47
Negative
247.55
Negative
253.01
Negative
Market Momentum
-9.98
Negative
50.11
Neutral
77.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPANDANA, the sentiment is Neutral. The current price of 260.85 is above the 20-day moving average (MA) of 208.60, above the 50-day MA of 234.47, and above the 200-day MA of 253.01, indicating a neutral trend. The MACD of -9.98 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 77.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹34.73B | 12.44 | ― | 0.29% | 11.75% | -6.52% | |
61 Neutral | ₹17.02B | 18.43 | ― | ― | -6.03% | -100.77% | |
51 Neutral | ₹28.37B | 19.28 | ― | ― | -10.17% | -181.71% | |
51 Neutral | ₹14.65B | 10.24 | ― | ― | ― | ― | |
48 Neutral | ₹13.10B | -3.33 | ― | ― | 47.88% | 11.61% | |
44 Neutral | ₹19.14B | -5.67 | ― | ― | -45.13% | -1646.01% |
* Financial Sector Average
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
215.90
-8.20
-3.66%
IN:ARMANFIN
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18.02%
IN:CENTRUM
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28.51
5.00
21.27%
IN:MUTHOOTMF
Muthoot Microfin Ltd
166.40
35.90
27.51%
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38.18
6.68
21.21%
IN:SURYODAY
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137.85
25.10
22.26%
Spandana Sphoorty Financial Ltd. Corporate Events
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...
Spandana Sphoorty Uploads Q3 and 9M FY26 Earnings Call Audio for Investors
Jan 27, 2026
Spandana Sphoorty Financial Limited has notified stock exchanges that the audio recording of its investors and analysts conference call discussing the unaudited consolidated and standalone financial results for the third quarter and nine months en...
Spandana Sphoorty Files Monitoring Report on ₹400 Crore Rights Issue Utilisation
Jan 27, 2026
Spandana Sphoorty Financial Limited has disclosed that CARE Ratings Limited, acting as the appointed monitoring agency, has submitted its report for the quarter ended 31 December 2025 on the utilisation of proceeds from the company’s Rs 400 ...
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.