Spandana Sphoorty

₹784.9 -0.8 | 0.1%

WEBSITE BSE:542759 NSE : SPANDANA 10 May, 16:01

Market Cap ₹5597 Cr.

Stock P/E 11.2

P/B 1.5

Current Price ₹784.9

Book Value ₹ 511.1

Face Value 10

52W High ₹1243.1

Dividend Yield 0%

52W Low ₹ 607

Edit Ratio

Spandana Sphoorty Research see more...

Overview Inc. Year: 2003Industry: Finance - NBFC

Spandana Sphoorty Financial Ltd engages inside the microfinance commercial enterprise in India. The business enterprise provides income generation loans for low-income households; loans against property; personal loans for enterprise development, purchase of cattle, house creation/renovation, and other needs; gold loans for agriculture, business, and short term liquidity needs; and interim loans, in addition to enterprise loans. It also offers loans for women to amplify their current earnings-generating activities, smoothening household cash flows, and acquiring productive assets. The business enterprise serves low-earnings clients in semi-urban and rural areas with approximately 982 branches. Spandana Sphoorty Financial Ltd was founded in 1998 and is based totally in Hyderabad, India.

Spandana Sphoorty Share Price

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Peer Comparison

Spandana Sphoorty Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	346	287	250	298	355	498	512	610	626	676
Other Income	4	12	9	12	20	35	16	30	31	34
Total Income	350	299	259	310	375	533	527	640	657	710
Total Expenditure	149	151	461	132	156	242	164	240	231	281
Operating Profit	201	148	-202	178	219	291	363	400	426	428
Interest Expense	139	108	97	91	121	149	200	228	250	249
Depreciation	2	3	2	2	3	4	3	5	6	7
Profit Before Tax	59	38	-301	84	96	139	161	168	170	172
Provision for Tax	14	9	-81	29	25	33	41	42	43	44
Profit After Tax	45	29	-220	55	71	106	119	125	127	129
Adjustments	-0	-0	-0	-0	-0	0	-0	-0	-0	-0
Profit After Adjustments	45	28	-220	55	71	106	119	125	127	129
Adjusted Earnings Per Share	7	4.1	-31	7.8	10.1	14.9	16.8	17.6	17.9	18

Spandana Sphoorty Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	587	1043	1435	1483	1463	1401	2424
Other Income	36	483	244	26	17	463	111
Total Income	623	1526	1679	1508	1480	1863	2534
Total Expenditure	102	686	692	875	832	1375	916
Operating Profit	521	840	987	634	648	488	1617
Interest Expense	232	360	360	425	542	460	927
Depreciation	6	7	9	8	9	11	21
Profit Before Tax	283	473	618	200	97	18	671
Provision for Tax	95	162	267	55	27	5	170
Profit After Tax	188	312	352	145	70	12	500
Adjustments	0	-0	-0	-0	-0	-0	0
Profit After Adjustments	188	312	351	145	69	12	500
Adjusted Earnings Per Share	63.2	52.3	54.6	22.6	10.1	1.7	70.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-4%	-1%	19%	0%
Operating Profit CAGR	-25%	-21%	-1%	0%
PAT CAGR	-83%	-68%	-42%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	21%	9%	NA%	NA%
ROE Average	0%	3%	9%	9%
ROCE Average	6%	8%	12%	13%

Spandana Sphoorty Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1391	1889	2626	2749	3088	3099
Minority's Interest	0	1	1	2	2	0
Borrowings	2331	2968	3020	5373	3772	6074
Current Liability	42	73	327	451	210	203
Other Liabilities & Provisions	-384	-200	-4	-103	-180	-191
Total Liabilities	3380	4732	5970	8472	6892	9186
Loans	3090	4268	4977	6933	5518	7760
Investments	0	0	487	2	2	189
Fixed Assets	8	27	34	38	31	47
Other Loans	6	11	21	19	23	46
Other Non Current Assets	0	0	0	0	0	0
Current Assets	276	427	451	1480	1317	1143
Total Assets	3380	4732	5970	8472	6892	9186

Spandana Sphoorty Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	290	105	149	60	1135	727
Cash Flow from Operating Activities	-1855	-573	-35	-1754	863	-2171
Cash Flow from Investing Activities	-4	-33	-487	482	36	-175
Cash Flow from Financing Activities	1673	650	434	2348	-1307	2433
Net Cash Inflow / Outflow	-186	44	-89	1076	-408	86
Closing Cash & Cash Equivalent	105	149	60	1135	727	813

Spandana Sphoorty Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	63.16	52.29	54.65	22.55	10.05	1.73
CEPS(Rs)	65.09	53.47	56.08	23.8	11.43	3.28
DPS(Rs)	0	0	0	0	0	0
Book NAV/Share(Rs)	467.3	316.15	407.3	425.08	433.1	430.29
Net Profit Margin	32	29.9	24.51	9.81	4.77	0.88
Operating Margin	87.7	79.86	68.17	42.22	43.64	34.08
PBT Margin	48.14	45.39	43.09	13.52	6.62	1.27
ROA(%)	5.56	7.69	6.57	2.01	0.91	0.15
ROE(%)	13.52	19.04	15.62	5.43	2.44	0.41
ROCE(%)	13.84	19.42	18.62	9.09	8.52	5.96
Price/Earnings(x)	0	0	10.74	26.8	33.06	306.99
Price/Book(x)	0	0	1.44	1.42	0.77	1.24
Dividend Yield(%)	0	0	0	0	0	0
EV/Net Sales(x)	3.67	2.57	4.56	5.31	3.33	6.32
EV/Core EBITDA(x)	4.13	3.19	6.63	12.44	7.51	18.12
Interest Earned Growth(%)	0	77.61	37.6	3.3	-1.34	-4.24
Net Profit Growth	0	65.95	12.8	-58.66	-52	-82.25
EPS Growth(%)	0	-17.22	0	-58.73	-55.42	-82.74
Interest Coverage(x) %	2.22	2.32	2.72	1.47	1.18	1.04

Spandana Sphoorty Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.29	62.62	63.59	63.03	63.01	63	62.41	60.41	59.89	59.75
FII	10.2	12.19	12.66	13.13	19.6	20.24	21.25	18.75	19.05	21.79
DII	4.55	4.23	4.12	8.42	8.89	8.43	8.43	13.02	13.44	10.54
Public	22.96	20.97	19.63	15.43	8.5	8.32	7.91	7.82	7.62	7.92
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.01	4.33	4.51	4.47	4.47	4.47	4.43	4.29	4.26	4.26
FII	0.66	0.84	0.9	0.93	1.39	1.44	1.51	1.33	1.36	1.55
DII	0.29	0.29	0.29	0.6	0.63	0.6	0.6	0.93	0.96	0.75
Public	1.48	1.45	1.39	1.1	0.6	0.59	0.56	0.56	0.54	0.56
Others	0	0	0	0	0	0	0	0	0	0
Total	6.44	6.91	7.09	7.1	7.1	7.1	7.1	7.11	7.12	7.13

Pros

Cons

Company has a low return on equity of 3% over the last 3 years.
Earnings include an other income of Rs. 463 Cr.
The company has delivered a poor profit growth of -42% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.