Spandana Sphoorty Financial Limited

SPANDANA

INE572J01011

Consumer Lending

End-of-day quote NSE India S.E. Other stock markets 18:00:00 2024-07-15 EDT			5-day change	1st Jan Change
730.2 ^INR	-0.21%		-0.84%	-35.30%

07-10	Spandana Sphoorty Financial Raises 550 Million Indian Rupees via Private Placement	MT
07-05	Spandana Sphoorty Gets Board Nod to Raise Up To INR1 Billion Via Debenture Issue	MT

Spandana Sphoorty Financial Limited Announces Resignation of Kartikeya Dhruv Kaji as Non-Executive Nominee Director

May 21, 2024 at 11:07 am

Spandana Sphoorty Financial Limited announced that Mr. Kartikeya Dhruv Kaji, Non-Executive Nominee Director of the Company, has submitted his resignation from the Directorship of the Company with effect from closure of business hours of May 21, 2024.

Latest news about Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial Raises 550 Million Indian Rupees via Private Placement	07-10	MT
Spandana Sphoorty Gets Board Nod to Raise Up To INR1 Billion Via Debenture Issue	07-05	MT
India Ratings Improves Rating on Spandana Sphoorty's Bonds, Loans to A+; Outlook Stable	06-25	MT
Spandana Sphoorty Financial Limited Announces Resignation of Kartikeya Dhruv Kaji as Non-Executive Nominee Director	05-21	CI
Spandana Sphoorty Financial Limited announced that it has received INR 2.4 billion in funding	05-05	CI
Spanda Sphoorty Financial Raises INR501.6 Million Via Bond Sale	04-30	MT
Spandana Sphoorty Financial's Consolidated Net Profit Rises in Fiscal Q4	04-30	MT
Spandana Sphoorty Financial Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	04-29	CI
Transcript : Spandana Sphoorty Financial Limited, Q4 2024 Earnings Call, Apr 29, 2024	04-29
Spandana Sphoorty Financial Limited Reports Earnings Results for the Full Year Ended March 31, 2024	04-29	CI
Spandana Sphoorty Financial to Raise Up to INR501.4 Million Via Bond Sale; Shares Climb 3%	04-24	MT
Spandana Sphoorty Financial Limited Approves Issuance of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures	04-24	CI
Spandana Sphoorty Financial Raises INR500 Million Via Bond Sale	03-28	MT
Spandana Sphoorty Financial Limited Announces Issuance of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures, Maturity as April 02, 2026	03-22	CI
Spandana Sphoorty Financial Raises INR500 Million Via Bond Sale; Shares Climb 3%	03-21	MT
Spandana Sphoorty Gets Board Nod to Raise Up To INR700 Million Via Debenture Issue	03-04	MT
Spandana Sphoorty Finance Raises INR1 Billion from Bond Sale	02-13	MT
Spandana Sphoorty Financial Limited Approves Issuance of Up-To 10,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures	02-08	CI
Spandana Sphoorty Financial's Consolidated Profit Surges in Fiscal Q3; Revenue Beats Estimates	01-22	MT
Transcript : Spandana Sphoorty Financial Limited, Q3 2024 Earnings Call, Jan 22, 2024	01-22
Spandana Sphoorty Financial Limited Announces Executive Changes	01-22	CI
Spandana Sphoorty Financial Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	01-22	CI
Spandana Sphoorty Financial to Raise Up to INR1.01 Billion from Bond Sale	01-19	MT
Spandana Sphoorty Financial Limited Approves the Issuance of 10,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures	01-16	CI
Spandana Sphoorty Financial Raises INR1 Bilion from Bond Sale	12-18	MT

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Company Profile

Spandana Sphoorty Financial Limited is an India-based rural-focused non-banking financial company and a microfinance lender (NBFC-MFI). The Company's business lines include joint liability group (JLG)- based microfinance and loan against property (LAP). The Company offers income generating loans under the joint liability group (JLG) model (Chetana), predominantly to women from low-income households in rural areas. Its Chetana product offers flexible repayment - weekly/monthly with no prepayment penalty, loan tenure - 12 to 30 months, and interest rate - 25% per annum. Its LAP is offered through its subsidiary, Criss Financial Ltd. Its LAP is designed to fulfill the diverse needs of small entrepreneurs, which includes acquiring equipment, renovating or expanding office space, or utilizing for working capital. The Company's LAP's loan tenure is 1-10 years.

Sector

Consumer Lending

Calendar

2024-07-30 - Annual General Meeting

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Ratings for Spandana Sphoorty Financial Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

730.2 INR

Average target price

1,199 INR

Spread / Average Target

+64.17%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Sector Microfinancing

	1st Jan change	Capi.
SPANDANA SPHOORTY FINANCIAL LIMITED	-35.30%	623M
CREDITACCESS GRAMEEN LIMITED	-19.96%	2.43B
SBFC FINANCE LIMITED	-9.05%	1.05B
FUSION FINANCE LIMITED	-23.20%	533M
MUTHOOT MICROFIN LIMITED	-2.55%	499M
SATIN CREDITCARE NETWORK LIMITED	-8.76%	288M
LETSHEGO HOLDINGS (NAMIBIA) LIMITED	+19.18%	129M

Microfinancing