Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹32 Cr.
Stock P/E
35
P/B
1.1
Current Price
₹52.9
Book Value
₹ 49
Face Value
10
52W High
₹72
52W Low
₹ 47.5
Dividend Yield
0.95%

SP Capital Financing Overview

Business

SP Capital Financing Ltd. is an Indian Non-Banking Financial Company (NBFC). Its core business involves providing various financial services, primarily lending and financing activities. As an NBFC, it operates under the regulation of the Reserve Bank of India (RBI), offering credit facilities that banks might not typically cover or serving segments with unmet credit needs. The company generates revenue primarily through interest income earned on the loans and advances it provides to individuals, businesses, or other entities, along with potential fee-based income from associated financial services.

Revenue Mix

Without specific financial reports, the exact revenue mix and key segments are not publicly detailed here. However, typical NBFC segments in India can include:

Corporate Lending: Loans to businesses for working capital, project finance, or general corporate purposes.

Retail Lending: Personal loans, small business loans (MSME), vehicle loans, housing loans, or loans against property.

Asset Financing: Financing for the purchase of equipment, machinery, or other assets.

Given its designation, SP Capital likely focuses on a subset of these, catering to specific borrower profiles or geographical niches.

Industry

SP Capital operates in the highly competitive and regulated Indian NBFC sector. The industry is characterized by a wide range of players, from large, diversified entities to smaller, specialized lenders. Competition comes from public and private sector banks, other NBFCs, and emerging FinTech companies. SP Capital, being a smaller NBFC based on public profile, likely competes by focusing on specific customer segments, regional presence, relationship-based lending, or offering more flexible credit solutions than larger institutions. Its positioning would be against other similar-sized or niche NBFCs rather than large universal banks.

MOAT

For an NBFC of potentially modest scale like SP Capital, strong, durable competitive advantages (moats) are often challenging to establish and maintain without specific data. Potential sources of a moat, though unconfirmed, could include:

Niche Specialization: Deep understanding and efficient underwriting for a particular borrower segment (e.g., specific MSME clusters, particular asset classes).

Strong Local Relationships: Extensive network and trust within a specific geographic area or community.

Efficient Credit Assessment: Superior ability to assess risk for underserved segments where traditional data is scarce.

Agility & Flexibility: Ability to quickly adapt to market needs and offer customized solutions compared to larger, more bureaucratic institutions.

Without specific details, it is difficult to ascertain a significant, durable moat for SP Capital.

Growth Drivers

Key factors that could drive growth for SP Capital over the next 3-5 years include:

Economic Growth in India: Sustained GDP growth typically translates to increased credit demand across various sectors.

Financial Inclusion: Rising demand for credit from underserved segments (MSMEs, rural, lower-income households) not fully met by traditional banks.

Digitalization of Lending: Adoption of technology for efficient loan origination, underwriting, and servicing, potentially expanding reach and reducing costs.

Favorable Regulatory Environment: Policies that support the growth and specialization of NBFCs in specific lending areas.

Expansion into New Geographies or Product Niches: Successfully identifying and penetrating new market opportunities.

Risks

SP Capital faces several inherent risks typical of the NBFC sector:

Asset Quality Deterioration: Non-Performing Assets (NPAs) arising from borrower defaults, impacting profitability and capital.

Funding and Liquidity Risk: Dependence on external funding sources (banks, capital markets) which can be volatile in terms of cost and availability.

Interest Rate Risk: Mismatch between borrowing and lending rates, affecting net interest margins.

Regulatory Changes: Stricter norms from the RBI regarding capital adequacy, asset classification, or governance can impact operations and profitability.

Intense Competition: Pressure on margins and market share from a multitude of lenders.

Economic Slowdown: A general economic downturn can lead to reduced credit demand and increased defaults.

Management & Ownership

In India, many NBFCs, especially those not among the largest, are typically promoter-led, meaning they are founded and largely owned by individuals or families. The quality of management is crucial and would depend on their experience in financial services, expertise in credit risk management, regulatory compliance, and ability to raise capital. Without specific information, it is difficult to comment on the particular management team or ownership structure of SP Capital Financing Ltd. beyond these general observations for the sector.

Outlook

SP Capital Financing Ltd. operates within a dynamic Indian financial sector that offers significant opportunities driven by economic growth and unmet credit demand. Its ability to thrive will largely depend on its execution strategy, particularly in identifying and serving niche markets efficiently. The bull case suggests that if the company can maintain robust asset quality, manage its funding costs effectively, and leverage technology for scalable operations, it could benefit from India's broad credit expansion. However, the bear case highlights substantial challenges including intense competition, potential asset quality pressures in adverse economic cycles, and the inherent risks associated with funding and interest rate volatility. Sustained growth and profitability will necessitate disciplined risk management, a clear market focus, and agile adaptation to regulatory and market changes.

SP Capital Financing Share Price

Live · BSE · Inception: 1983
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

SP Capital Financing Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Operating Revenue 1 1 2 1 2 4 4 4 1 5
Other Income -0 0 0 0 0 0 0 1 -0 0
Total Income 0 1 2 1 2 4 4 4 1 5
Total Expenditure 0 0 0 0 0 0 0 0 2 0
Operating Profit 0 1 1 1 1 4 4 4 -1 5
Interest Expense 0 0 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 1 0 0 3 3 3 -3 4
Provision for Tax -0 0 0 0 0 0 0 1 0 1
Profit After Tax 0 0 1 0 -0 2 2 2 -3 3
Adjustments 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 0 0 1 0 -0 2 2 2 -3 3
Adjusted Earnings Per Share 0.4 0.5 1 0.1 -0.1 3.6 3.9 3.1 -4.7 4.4

SP Capital Financing Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 3 3 2 2 3 2 1 1 2 3 5 14
Other Income 0 0 0 0 0 0 5 2 0 0 0 1
Total Income 3 3 2 2 3 2 6 2 2 3 6 14
Total Expenditure 3 3 1 2 2 2 0 0 1 1 1 2
Operating Profit 0 0 0 0 0 0 6 2 1 2 4 12
Interest Expense 0 0 0 0 0 0 0 0 0 1 3 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 5 2 1 1 2 7
Provision for Tax 0 0 0 0 0 0 0 0 0 0 1 2
Profit After Tax 0 0 0 0 0 0 5 1 0 1 1 4
Adjustments 0 0 0 -0 -0 -0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 5 1 0 1 1 4
Adjusted Earnings Per Share 0.1 0.2 0.3 0.5 0.2 0.3 9 2.4 0.8 0.9 1.5 6.7

SP Capital Financing Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 12 16 16 16 16 22 23 23 25 25
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Current Liability 0 0 0 0 0 1 0 5 15 56 101
Other Liabilities & Provisions 0 0 0 0 0 -0 -0 0 -0 1 1
Total Liabilities 12 12 16 16 17 17 22 28 37 82 127
Loans 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 5 5 5 5 6 11 35 0 0
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Loans 1 1 1 1 1 1 0 0 0 0 0
Other Non Current Assets 0 0 0 0 0 0 0 0 0 0 0
Current Assets 10 10 9 10 11 11 16 17 2 82 127
Total Assets 12 12 16 16 17 17 22 28 37 82 127

SP Capital Financing Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 4 4 5 4 5 5 2 5 1 8
Cash Flow from Operating Activities -2 0 1 -1 1 -0 -3 2 10 1 1
Cash Flow from Investing Activities 0 0 0 0 0 0 0 -3 -24 -36 -51
Cash Flow from Financing Activities -0 -0 0 0 0 -0 -0 5 9 42 42
Net Cash Inflow / Outflow -2 0 1 -1 1 -0 -3 3 -4 7 -7
Closing Cash & Cash Equivalent 4 4 5 4 5 5 2 5 1 8 1

SP Capital Financing Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.14 0.18 0.34 0.52 0.24 0.27 9.05 2.37 0.81 0.94 1.51
CEPS(Rs) 0.17 0.17 0.34 0.52 0.25 0.27 9.05 2.37 0.81 0.94 1.51
DPS(Rs) 0.1 0 0 0 0 0 0.5 0 1.75 1 1.5
Book NAV/Share(Rs) 19.83 20.01 26.16 26.67 26.93 27.16 30.39 38.17 37.43 41.11 41.64
Net Profit Margin 2.52 3.68 13.27 17.5 5.87 6.45 1085.14 169.31 30.85 22.17 16.58
Operating Margin 3.58 5.28 19.59 23.34 11.62 9.15 1108.59 231.63 59.32 68.78 81.24
PBT Margin 3.56 5.25 19.57 23.31 8.3 8.76 1091.5 218.2 40.7 28.99 27.8
ROA(%) 0.43 0.84 1.45 1.94 0.9 0.95 27.97 5.67 1.48 0.95 0.87
ROE(%) 0.62 0.85 1.47 1.97 0.92 0.98 31.45 6.93 2.13 2.4 3.66
ROCE(%) 0.86 1.22 2.16 2.62 1.8 1.37 31.86 8.46 2.88 2.99 4.33
Price/Earnings(x) 182.48 111.33 58.1 46.34 58.74 59.13 1.7 7.56 20.07 26.31 31.38
Price/Book(x) 1.26 1 0.76 0.9 0.53 0.58 0.51 0.47 0.43 0.6 1.14
Dividend Yield(%) 0.4 0 0 0 0 0 3.25 0 10.82 4.04 3.16
EV/Net Sales(x) 3.34 2.83 4.41 5.82 1.47 1.99 15.09 12.59 14.87 24.61 23.28
EV/Core EBITDA(x) 79.35 53.49 22.53 24.96 12.66 21.76 1.36 5.44 25.17 35.82 28.71
Interest Earned Growth(%) -78.58 -15.53 -44.57 16.41 41.2 -1.69 -79.77 68.16 86.25 62.47 115.1
Net Profit Growth -93.48 23.52 99.95 53.54 -52.66 7.98 3306.39 -73.76 -66.06 16.76 60.89
EPS Growth(%) -93.51 30.8 92.11 50.45 -53.16 10.14 3286.23 -73.75 -66.07 16.77 60.88
Interest Coverage(x) % 156.17 172.85 979.41 811.02 3.5 23.61 64.84 17.25 3.19 1.73 1.52

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +67% +71% +20% +5%
Operating Profit CAGR +100% +26% — —
PAT CAGR 0% 0% — —
Share Price CAGR -15% +33% +23% +8%
ROE Average +4% +3% +9% +5%
ROCE Average +4% +3% +10% +6%

SP Capital Financing Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 70.91 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 29.09 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 70.9170.9170.9170.9170.9170.9170.9170.9170.9170.91
FII 0000000000
DII 0000000000
Public 29.0929.0929.0929.0929.0929.0929.0929.0929.0929.09
Others 0000000000
Total 100100100100100100100100100100

SP Capital Financing Peer Comparison

Finance - NBFC Edit Columns

SP Capital Financing Quarterly Price

10-year quarterly close · BSE
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News & Updates

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SP Capital Financing Pros & Cons

Pros

Cons

  • Company has a low return on equity of 3% over the last 3 years.
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