Overview

Detailed Summary

Spandana Sphoorty Financial Limited is a microfinance institution providing unsecured loans to low-income customers in semi-urban and rural areas.
The company reported a significant improvement in collection efficiency, reaching 99.3% X-bucket collection efficiency by December 2025.
Spandana's liquidity has been robust; it raised approximately Rs. 1,700 crores in Q3FY26, enhancing its financial stability.
Investing in human resources, the company increased recovery associates significantly, indicating a focus on improving loan recoveries.
Strategic changes include appointing a new MD & CEO and exploring a merger with Criss Financial to achieve synergies and optimize operations.

Sector: Finance
Industry: Finance - Investment / Others
Market Cap: 1,907 Cr
Volatility: High Risk
P/E Ratio: -1.8
Industry P/E: 25.6
PEG Ratio: —
P/B Ratio: 0.8
52W High: 331.47
52W Low: 204.18

Sales CAGR

1Y: -1.89%
3Y: 16.58%
5Y: 9.12%
10Y: 22.78%

Profit CAGR

1Y: -306.73%
3Y: —
5Y: —
10Y: —

ROE

TTM: -66.63%
3Y: -5.17%
5Y: -2.01%
10Y: 3.84%

ROCE

TTM: -23.16%
3Y: 5.44%
5Y: 6.31%
10Y: 9.39%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SHAREINDIA	123.30	2,705 Cr	9.64	1.08	1.09	11.07	15.55	6.58
KICL	4757.55	2,079 Cr	48.15	0.23	0.00	0.50	0.71	0.45
SPANDANA	238.05	1,907 Cr	-1.77	0.76	0.00	-66.63	-23.16	-20.05
ALGOQUANT	58.85	1,666 Cr	133.21	14.92	0.00	14.71	15.58	7.48
PIFL	30.88	1,602 Cr	343.11	1.84	0.00	0.51	0.12	0.14
PNBGILTS	76.94	1,386 Cr	5.69	0.84	1.30	10.94	5.81	0.89
JPOLYINVST	1128.00	1,192 Cr	1.33	0.73	0.00	13.47	12.02	52.97

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	610	626	676	710	686	555	415	300	230	234
Expenses	240	231	281	398	731	926	804	627	443	258
Interest	228	250	249	259	258	229	185	154	120	109
Financing Profit	142	145	145	52	-303	-600	-575	-480	-333	-133
Financing Margin %	23.29	23.19	21.51	7.38	-44.20	-108.12	-138.52	-159.86	-145.11	-56.68
Other Income	30	31	34	27	20	18	4.13	3.66	9.94	11
Depreciation	4.60	5.64	6.98	4.41	5.45	5.64	7.20	4.24	3.98	3.94
Profit Before Tax	168	170	172	75	-289	-588	-578	-481	-327	-125
Tax %	25.26	25.21	25.27	25.77	25.04	25.08	24.81	25.09	23.83	24.27
Net Profit	125	127	129	56	-216	-440	-434	-360	-249	-95
EPS in Rs	13.98	14.13	14.25	6.19	-24.41	-49.66	-49.00	-40.64	-32.76	-11.88
Gross NPA %	1.40	1.61	1.50	2.60	4.86	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.42	0.48	0.30	0.53	0.99	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	587	1,043	1,435	1,483	1,463	1,401	2,424	2,355	1,956
Expenses	67	210	486	874	834	990	916	2,848	3,088
Interest	232	358	356	423	540	458	927	932	827
Financing Profit	288	475	593	185	89	-48	581	-1,425	-1,958
Financing Margin %	49.07	45.54	41.32	12.48	6.07	-3.40	23.96	-60.51	-100.08
Other Income	0.23	5.43	34	23	17	76	110	69	46
Depreciation	5.72	6.97	8.83	7.62	9.18	11	20	23	23
Profit Before Tax	283	473	618	200	97	18	671	-1,379	-1,935
Tax %	33.52	34.12	43.11	27.43	27.92	30.47	25.33	24.92	25.00
Net Profit	188	312	352	145	70	12	501	-1,035	-1,451
EPS in Rs	—	—	51.69	16.28	7.96	0.97	55.73	-116.87	-134.28
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	30	60	64	64	69	71	71	—
Reserves	1,361	1,830	2,562	2,685	3,018	3,028	3,573	—
Borrowings	2,331	2,968	3,025	5,373	3,772	6,074	9,425	0.00
Other Liabilities	42	75	326	455	217	209	313	0.00
Total Liabilities	3,764	4,932	5,977	8,577	7,076	9,383	13,383	—
Fixed Assets	8.46	27	34	38	31	47	52	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.10	0.10	487	2.33	2.44	189	112	0.00
Other Assets	3,756	4,905	5,456	8,537	7,043	9,146	13,218	0.00
Total Assets	3,764	4,932	5,977	8,577	7,076	9,383	13,383	—

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1,855	-573	-35	-1,754	863	-2,171	-2,707	3,669
Cash from Investing Activity	-3.55	-33	-487	482	36	-175	86	-119
Cash from Financing Activity	1,673	650	434	2,348	-1,307	2,433	3,205	-3,712
Net Cash Flow	-186	44	-89	1,076	-408	86	585	-162

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Aug 2025	Sep 2025	Dec 2025
Promoters	62.41%	60.41%	59.89%	59.75%	56.85%	55.83%	48.13%	48.13%	48.13%	48.16%	48.16%	48.16%
FIIs	21.25%	18.75%	19.05%	21.79%	22.83%	22.64%	21.71%	19.83%	19.79%	20.26%	20.25%	20.35%
DIIs	8.43%	13.02%	13.44%	10.54%	8.97%	7.33%	6.31%	6.45%	5.65%	6.18%	6.12%	5.78%
Public	7.91%	7.82%	7.62%	7.92%	11.35%	14.19%	23.85%	25.59%	26.43%	25.41%	25.47%	25.71%
Total Shareholders	18,955	20,706	25,870	35,704	48,596	73,889	90,984	1,23,001	1,23,380	1,21,469	1,20,457	1,16,755

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Projection

Unlock Premium Features

Get In-depth insights on EPS and Revenue forecasts

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan