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Spandana Sphoorty Financial Ltd share Price Today

Company details

710.00
728.75
678.05
1,243.20
6M Return -41.57%
1Y Return 0.20%
Mkt Cap.(Cr) 5,070.50
Volume 101,708
Div Yield 0.00%
OI
-
OI Chg %
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Volume 101,708

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Finance company Spandana Sphoorty Financial announced Q4FY24 & FY24 results:

Financial Highlights:

- Assets Under Management (AUM): AUM stood at Rs 11,973 crore for FY24, registering a 41% increase over the FY23 figure of Rs 8,511 crore.
- New Customer Acquisition: The company acquired 13.9 Lakh new customers, which is a 59% increase from the previous year's acquisition of 8.8 Lakh customers.
- Disbursements: Disbursements for FY24 were Rs 10,688 crore, representing a 32% increase from FY23 Rs 8,125 crore.
- Gross Non-Performing Assets (GNPA) & Net Non-Performing Assets (NNPA): GNPA was down to 1.50%, and NNPA stood at 0.3%.
- Income: Total income for the company was Rs 2,534 crore, a substantial 72% increase over the Rs 1,477 crore reported in FY23.
- Net Interest Income (NII): NII reached Rs 1,289 crore, up by 59% from the previous year's Rs 810 crore.
- Profit After Tax (PAT): The company reported its highest ever PAT at Rs 501 crore for FY24, a remarkable increase from the Rs 12 crore reported in FY23.
- Provision Coverage Ratio (PCR): PCR increased to 79.95%, from 70.45% the previous quarter.
- Collection Efficiency: Gross Collection Efficiency was reported at 99.3% for Q4FY24, and Net collection efficiency stood at 96.5%.
- The company mobilized Rs 10,441 crore during the year, an 81% increase from the previous year's Rs 5,775 crore.
- In Q4 FY24 alone, funds mobilized were Rs 3,428 crore.

Operational Highlights:
- Cost of Borrowings: The cost of borrowings for FY24 saw an increase to 12.2%, up from 11.7% in FY23.
- Pre-Provision Operating Profit (PPOP): PPOP for FY24 was Rs 953 crore, a 70% increase over FY23 Rs 562 crore.

Shalabh Saxena, CEO and Managing Director, commented on the results "FY24 was second of the three-year Vision 2025 laid out by the management team of Spandana in 2022. Our Customer Acquisition led growth strategy has resulted in a 41% AUM growth with the company delivering highest ever PAT of Rs 501 crore, GNPA & NNPA improved to 1.50% and 0.30% respectively in FY24. The growth was driven by customer acquisition of 13.9 Lakh in FY24 taking the active customer base of the company to over 3.3 million.

The team has demonstrated strong capabilities in managing multiple priorities of the organization like branch expansion, improvement in portfolio quality, strengthening processes, governance, and start of new business lines.

While we will continue to sustain the momentum in FY25, we are particularly focused on improving efficiencies and productivity of the distribution. With the progress made thus far and the support of all the stakeholders we are confident of reaching the milestones set for ourselves."

Result PDF

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Spandana Sphoorty Financial Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (6)

  • Promoter holding decreased by more than -2% QoQ
  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • Promoter decreasing their shareholding
  • Increase in Provisions in Recent Results
  • RSI indicating price weakness

Resistance and support

R1 723.2
R2 735.4
R3 742.0
Pivot

716.62

S1 704.5
S2 697.9
S3 685.7
EMA SMA
735.4
765.5
811.5
832.3
729.6
758.4
818.8
902.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO Bulk Purchase 2024-06-18 760 1034598 NSE
PADMAJA GANGIREDDY Bulk Sell 2024-06-18 760.28 1400000 NSE
KOTAK MAHINDRA LIFE INSURANCE COMPANY LIMITED - CLASSIC OPPORTUNITIES FUND ULIF 033 16 12 09 CLAOPPF Bulk Purchase 2023-08-30 765 924680 BSE
Name Category Shares
PADMAJA GANGIREDDY PROMOTER 8.57%
KANGCHENJUNGA LIMITED PROMOTER 41.1%
KEDAARA CAPITAL FUND III LLP PROMOTER 7.03%

OUR RESEARCH VIEW

Investment recommendation
On a journey from business revival to sustainability...
Call Date
08 Jan 2024
Entry Price 1,156.00
Target Price 1,450.00
Duration
12-18 Month

FINANCIALS

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Operating Profit
Profit after Tax
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Spandana Sphoorty Financial Ltd Stocks COMPARISON

Financials( in Cr) Spandana Sphoorty Financial Ltd Bajaj Finance Ltd Indian Railway Finance Corporation Ltd Bajaj Finserv Ltd Jio Financial Services Ltd
Price 711.10 6,932.30 205.77 1,640.25 338.75
% Change -3.44 -1.74 1.01 3.65 -2.64
Mcap Cr 5,070.50 429,106.60 268,910.65 261,700.08 215,217.50
Revenue TTM Cr 2,423.71 54,971.56 23,891.95 110,382.29 44.84
Net Profit TTM Cr 500.72 14,451.17 6,337.01 15,595.36 31.25
PE TTM 10.14 29.68 41.90 32.09 135.48
1 Year Return 0.20 -7.98 524.49 2.66 36.10
ROCE 14.39 11.92 5.32 13.15 0.03
ROE 14.85 22.05 14.66 29.22 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,644.60 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,613.00 45,166.00
LAST 3M 98,140.76 59,688.15
LAST 6M 181,004.26 50,573.11
LAST 12M 306,939.06 86,273.69

Spandana Sphoorty Financial Ltd Information

Stock PE (TTM)
10.14
Promoter Holding
56.85%
Book Value
511.1279
ROCE
14.39%
ROE
14.85%
Description
  • Spandana Sphoorty Financial Limited was incorporated as a public limited company with the name `Spandana Sphoorty Innovative Financial Services Limited (`SSIFSL`) on March 10, 2003 at Hyderabad, Andhra Pradesh, India. A certificate of commencement of business was issued to SSIFSL on November 11, 2003 by the Registrar of Companies, Andhra Pradesh and Telangana at Hyderabad . On October 16, 2004, the Reserve Bank of India (`RBI`) granted a certificate of registration to the Company as a non-deposit accepting nonbanking financial company (`NBFC`). Subsequently, pursuant to a special resolution dated November 26, 2007 passed by the Shareholders, the name of the Company was changed to Spandana Sphoorty Financial Limited. Pursuant to a letter dated December 26, 2007, the RBI granted its no objection to the change of name of the Company to Spandana Sphoorty on January 3, 2008. The Company was granted NBFC - Microfinance Institution (`NBFC-MFI`) status by the RBI with effect from April 13, 2015 The Company is a leading, rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint liability group model, predominantly to women from low-income households in Rural Areas. As of March 31, 2019, the company is the fourth largest NBFC-MFI and the sixth largest amongst NBFC-MFIs and SFBs in India, in terms of AUM update. The Company has developed an in-depth understanding of the borrowing requirements of the low-income client segment. This business model involves regular client meeting processes through their employees, who maintain contact with clients across the districts that it covers. Through their loan products and client-centric approach, the company endeavours to strengthen the socio-economic well-being of low-income households by providing financing on a sustainable basis in order to improve livelihoods, establish identity and enhance self-esteem. Post exit from CDR in March 2017, the company increased its lender base, diversified its borrowings to new banks and NBFCs and also issued NCDs in the capital markets. As a result, during Fiscal 2018, with increasing flow of capital, the company expanded its operations and were able to effectively utilize its existing branch network and employees (that were earlier underutilized due to lack of capital). Prior to their exit from CDR in 2017, the company had limited access to capital, due to which the company was able to offer loans in lower ticket sizes than the demand from their clients. According to ICRA Research, the company had the lowest portfolio per branch amongst peer comparison of major NBFC-MFIs and SFBs, as of March 31, 2017. Post exit from CDR, the company was able to optimize the ticket sizes and also acquire new clients at existing and new branches. This helped the company to grow the Gross AUM in Fiscal 2018 at one of the highest rates (143.8%) among large NBFC-MFIs in India.

Registered Address

PNo 31&32 Ramky SeleniumTowers, Tower A Gr Fl Nanakramguda, Hyderabad, Telangana, 500032

Tel : 91-40-48126666
Email : contact:spandanasphoorty.com; secretarial:spandana
Website : http://www.spandanasphoorty.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542759
NSE Code : SPANDANA
Book Closure Date (Month) :
BSE Group : A
ISIN : INE572J01011

FAQ’s on Spandana Sphoorty Financial Ltd Shares

You can buy Spandana Sphoorty Financial Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Spandana Sphoorty Financial Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 19, 2024 03:58 PM the closing price of Spandana Sphoorty Financial Ltd was Rs.711.10.

The latest PE ratio of Spandana Sphoorty Financial Ltd as of Jul 19, 2024 03:58 PM is 10.14

The latest PB ratio of Spandana Sphoorty Financial Ltd as of Jul 19, 2024 03:58 PM is 0.72

The 52-week high of Spandana Sphoorty Financial Ltd share price is Rs. 1,243.20 while the 52-week low is Rs. 678.05

According to analyst recommendations, Spandana Sphoorty Financial Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 19, 2024 03:58 PM, the market cap of Spandana Sphoorty Financial Ltd stood at Rs. 5,070.50 Cr.

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