Spandana Sphoorty Financial Ltd

Spandana Sphoorty Financial Ltd

₹ 899 2.07%
24 Apr 2:46 p.m.
About

Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.

Key Points

Registered Finance company Spandana Sphoorty Financial Ltd is registered as a NBFC-MFI with the Reserve Bank of India (RBI). They are recognized as India's largest Microfinance Institution in terms of PAT and the sixth largest across the globe.

  • Market Cap 6,408 Cr.
  • Current Price 899
  • High / Low 1,243 / 579
  • Stock P/E 13.9
  • Book Value 462
  • Dividend Yield 0.00 %
  • ROCE 5.97 %
  • ROE 0.41 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.52%
  • Company has a low return on equity of 2.21% over last 3 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 327 459 413 372 328 263 232 281 340 475 487 584 591
Interest 113 135 137 143 132 102 92 88 118 146 195 223 241
256 271 212 300 144 148 451 127 141 202 155 231 217
Financing Profit -42 53 63 -71 52 13 -311 66 81 127 137 131 133
Financing Margin % -13% 11% 15% -19% 16% 5% -134% 24% 24% 27% 28% 22% 23%
6 6 0 0 3 12 8 12 15 30 15 30 30
Depreciation 2 2 2 1 2 3 2 2 3 4 3 5 6
Profit before tax -38 57 61 -72 53 23 -305 76 94 153 149 156 158
Tax % 20% 26% 23% 18% 24% 19% 27% 35% 26% 24% 25% 25% 25%
-30 42 48 -59 40 18 -223 50 69 116 111 116 118
EPS in Rs -4.72 6.47 7.39 -9.14 6.17 2.64 -31.39 6.98 9.76 16.37 15.65 16.36 16.62
Gross NPA % 17.70% 1.95% 1.49% 1.27% 1.50%
Net NPA % 0.64% 0.45% 0.38% 0.45%
Raw PDF
Upcoming result date: 29 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 352 258 280 303 345 378 587 1,036 1,409 1,444 1,376 1,329 2,138
Interest 281 6 100 112 129 150 232 358 357 419 515 447 805
341 1,427 113 104 219 196 67 207 477 860 803 919 805
Financing Profit -270 -1,174 67 87 -4 32 288 471 575 164 58 -37 528
Financing Margin % -77% -455% 24% 29% -1% 9% 49% 45% 41% 11% 4% -3% 25%
5 14 1 22 251 22 0 5 32 21 15 66 105
Depreciation 4 3 3 3 4 8 6 7 9 7 9 11 17
Profit before tax -270 -1,163 64 106 243 46 283 469 598 178 65 18 616
Tax % 0% 0% 0% 1% 0% -873% 34% 34% 44% 27% 28% 32%
-270 -1,163 64 105 243 443 188 309 337 129 47 12 462
EPS in Rs -139.23 -599.88 33.18 51.57 119.35 155.86 63.17 51.77 52.35 20.05 6.75 1.74 65.00
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: -2%
TTM: 91%
Compounded Profit Growth
10 Years: 7%
5 Years: -42%
3 Years: -67%
TTM: 640%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: 50%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 19 19 19 20 20 28 30 60 64 64 69 71 71
Reserves 192 -970 -924 -864 -627 -2 216 1,827 2,544 2,652 2,887 2,972 3,215
Preference Capital 906 941 894 808 791 901 1,145 0 0 0 0 0
1,285 1,043 703 1,023 919 933 2,331 2,945 3,016 5,197 3,631 5,934 7,507
1,440 2,486 2,375 2,173 1,788 969 1,188 67 317 433 276 208 141
Total Liabilities 2,936 2,577 2,173 2,352 2,100 1,929 3,764 4,898 5,942 8,346 6,864 9,186 10,934
10 7 4 6 14 9 8 9 16 20 14 29 33
CWIP 0 0 0 6 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 2 65 550 115 115 306 246
2,925 2,571 2,169 2,341 2,085 1,920 3,754 4,824 5,375 8,211 6,736 8,850 10,656
Total Assets 2,936 2,577 2,173 2,352 2,100 1,929 3,764 4,898 5,942 8,346 6,864 9,186 10,934

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
477 -143 173 -182 114 -59 -1,855 -650 -54 -1,618 820 -2,053
19 8 50 -7 -10 -1 -6 -59 -485 514 45 -178
-175 -207 -320 222 -128 315 1,673 752 447 2,181 -1,272 2,317
Net Cash Flow 322 -342 -97 33 -24 255 -188 43 -92 1,077 -407 86

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % -79% 138% 29% 15% 5% 2% 0%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.38% 62.29% 62.29% 62.62% 63.59% 63.03% 63.01% 63.00% 62.41% 60.41% 59.89% 59.75%
10.98% 12.43% 10.20% 12.19% 12.66% 13.13% 19.59% 20.24% 21.25% 18.74% 19.05% 21.79%
4.57% 4.55% 4.55% 4.22% 4.11% 8.41% 8.89% 8.43% 8.43% 13.02% 13.45% 10.53%
22.08% 20.74% 22.96% 20.97% 19.63% 15.43% 8.51% 8.32% 7.92% 7.82% 7.62% 7.92%
No. of Shareholders 22,61021,94625,48229,33626,57519,61417,77617,13018,95520,70625,87035,704

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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