Spandana Sphoorty Financial Limited is a microfinance institution with ₹2,177.79 Cr market capitalization. The company experienced severe losses in Sep–Dec 2025 (Sep 2025 standalone net loss of ₹218.07 Cr, -90.21% OPM) but returned to profitability in Mar–Jun 2026 (Jun 2026: ₹16.09 Cr net profit, 51.78% OPM). This sharp turnaround defines the investment narrative.
Generated analysis · source review pending
Generated analysis · source review pending
1,756 historical price candles were omitted because the exchange source has not been verified.
No positive flags triggered.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 79.9% | 66.2% | 41% | 43% | 29.3% | 62.2% | -20.9% | -43.3% |
| EBIT margin % | 79.2% | 65.5% | 40.5% | 42.4% | 28.5% | 61.4% | -21.9% | -44.9% |
| PAT margin % | 29.9% | — | 9.8% | 4.8% | 0.9% | 20.7% | -44% | -68.3% |
| Working capital | ||||||||
| Receivable days | 1 | 6 | 3 | — | — | — | — | — |
| Inventory days | — | — | — | 1 | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | — |
| Debt to EBITDA | 3.56 | 3.19 | 8.83 | 6 | — | 6.25 | — | — |
| Debt to equity | 1.57 | 1.15 | 1.95 | 1.22 | — | 2.59 | 2.15 | 1.85 |
| Interest coverage | 2.3 | 2.7 | 1.5 | 1.2 | 1 | 1.7 | -0.5 | -0.8 |
| Asset turnover | 0.21 | 0.24 | 0.17 | 0.21 | 0.15 | 0.18 | 0.28 | 0.16 |
| Return ratios | ||||||||
| Return on assets % | 6.3% | — | 1.7% | 1% | 0.1% | 3.7% | -12.2% | -11.2% |
| Return on capital employed % | — | — | — | — | — | — | — | — |
| Return on equity % | 16.5% | — | 5.3% | 2.3% | 0.4% | 13.7% | -39.3% | -32.8% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No scheme among the 32 fund houses on record reported a position in Spandana Sphoorty Financial Limited. Portfolios are published monthly by each AMC; coverage is still partial.
| Holder (%) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 60.41% | 59.89% | 59.75% | 56.85% | 55.83% | 48.13% | 48.13% | 48.13% | 48.16% | 48.16% | 48.16% | 48.16% | |
| 18.75% | 19.05% | 21.79% | 22.83% | 22.64% | 21.71% | 19.83% | 19.79% | 20.25% | 20.35% | 19.89% | 19.29% | |
| 13.02% | 13.44% | 10.54% | 8.97% | 7.33% | 6.31% | 6.45% | 5.65% | 6.12% | 5.77% | 5.78% | 5.68% | |
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.01% | 0.01% | |
| 7.82% | 7.62% | 7.92% | 11.35% | 14.2% | 23.85% | 25.59% | 26.43% | 25.47% | 25.71% | 26.16% | 26.86% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 1,20,457 | 1,16,755 | 1,13,071 | 1,08,583 |
Promoter holding down 12.25 percentage points since Sep 2023.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 5 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Sell | 3,97,807 | ₹266.58 | ₹10.60 Cr |
| 5 May 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | Bulk | NSE | Buy | 3,97,807 | ₹266.42 | ₹10.60 Cr |
| 22 Apr 2025 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Sell | 3,77,397 | ₹333.87 | ₹12.60 Cr |
| 22 Apr 2025 | GRAVITON RESEARCH CAPITAL LLP | Bulk | NSE | Buy | 3,77,397 | ₹333.98 | ₹12.60 Cr |
| 20 Jan 2025 | PADMAJA GANGIREDDY | Bulk | NSE | Sell | 5,70,000 | ₹349.95 | ₹19.95 Cr |
| 17 Jan 2025 | PADMAJA GANGIREDDY | Bulk | NSE | Sell | 3,96,399 | ₹357.20 | ₹14.16 Cr |
| 13 Jan 2025 | HRTI PRIVATE LIMITED | Bulk | NSE | Buy | 4,62,103 | ₹390.35 | ₹18.04 Cr |
| 13 Jan 2025 | HRTI PRIVATE LIMITED | Bulk | NSE | Sell | 4,52,215 | ₹393.36 | ₹17.79 Cr |
| 10 Jan 2025 | HRTI PRIVATE LIMITED | Bulk | NSE | Sell | 3,61,255 | ₹421.67 | ₹15.23 Cr |
| 10 Jan 2025 | HRTI PRIVATE LIMITED | Bulk | NSE | Buy | 2,84,800 | ₹419.23 | ₹11.94 Cr |
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Conversion Of Partly Paid-Up Equity Shares Into Fully Paid-Up Equity Shares In Relation To The Rights Issue ('Rights Issue') By Spandana Sphoorty Financial Limited (The 'Company'), Upon Receipt Of The Payment In Respect Of The First And Final Call ('First And Final Call Money')
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Creditaccess Grameen LimitedCREDITACCCREDITACC | ₹19,861 Cr | ₹43,502 Cr | ₹6,380 Cr | ₹3,639 Cr | 49.4% | ₹1,211 Cr | 12.8% | — | 10.5% | — |
| Muthoot Microfin LimitedMUTHOOTMFMUTHOOTMF | ₹2,968 Cr | ₹12,516 Cr | ₹2,480 Cr | ₹1,252 Cr | 47.1% | ₹245 Cr | 7.2% | — | 6.2% | — |
| Fusion Finance LimitedFUSIONFUSION | ₹2,771 Cr | ₹8,342 Cr | ₹1,714 Cr | ₹610 Cr | 26.6% | ₹169 Cr | 0.8% | — | 0.7% | — |
| Satin Creditcare Network LimitedSATINSATIN | ₹2,514 Cr | ₹13,505 Cr | ₹3,217 Cr | ₹1,817 Cr | 55.9% | ₹410 Cr | 10.6% | — | 12.3% | — |
| Spandana Sphoorty Financial LimitedSPANDANASPANDANA | ₹1,917 Cr | ₹5,860 Cr | ₹1,007 Cr | ₹16 Cr | -43.3% | ₹-327 Cr | -68.3% | — | -29.4% | — |
Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Announcement under Regulation 30 (LODR)-Newspaper Publication
Notice Of First And Final Call
Shareholder Meeting / Postal Ballot-Outcome of AGM
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
| Date | Category | Subject | Filing |
|---|---|---|---|
| 29 Sept 2026, 6:31 pm | Company Update General | Conversion Of Partly Paid-Up Equity Shares Into Fully Paid-Up Equity Shares In Relation To The Rights Issue ('Rights Issue') By Spandana Sphoorty Financial Limited (The 'Company'), Upon Receipt Of The Payment In Respect Of The First And Final Call ('First And Final Call Money') | |
| 28 Sept 2026, 4:58 pm | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 12 Sept 2026, 3:50 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 11 Sept 2026, 8:20 pm | AGM/EGM Postal Ballot | Shareholder Meeting / Postal Ballot-Notice of Postal Ballot | |
| 22 Aug 2026, 8:32 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 21 Aug 2026, 5:35 pm | Company Update General | Notice Of First And Final Call | |
| 20 Aug 2026, 3:05 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Outcome of AGM | |
| 20 Aug 2026, 2:42 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report |
Documents link to external sources (exchange filings, company investor pages).
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| 1,043 | 1,435 | 1,483 | 1,463 | 1,401 | 2,424 | 2,355 | 1,024 | |
| Interest | 358 | 356 | 423 | 540 | 458 | 927 | 932 | 508 |
| Expenses | 210 | 486 | 874 | 834 | 990 | 916 | 2,848 | 1,467 |
| Financing profit | 475 | 593 | 185 | 89 | -48 | 581 | -1,425 | -952 |
| Financing margin % | 45.5% | 41.3% | 12.5% | 6.1% | -3.4% | 24% | -60.5% | -92.9% |
| Other income | 5 | 34 | 23 | 17 | 76 | 110 | 69 | 42 |
| Depreciation | 7 | 9 | 8 | 9 | 11 | 20 | 23 | 16 |
| Profit before tax | 473 | 618 | 200 | 97 | 18 | 671 | -1,379 | -925 |
| Tax | 162 | 267 | 55 | — | 5 | 170 | -344 | -226 |
| Tax % | 34.1% | 43.1% | 27.4% | — | 30.5% | 25.3% | -24.9% | -24.5% |
| PAT | 312 | — | 145 | 70 | 12 | 501 | -1,035 | -699 |
| EPS (₹) | 53.5 | 56.2 | 22.6 | 10.8 | 1.7 | 70.4 | -145.2 | -91 |
| EPS adjusted (₹) | 52.3 | 54.6 | 22.6 | 10.1 | 1.8 | 70.2 | -145.2 | -87.4 |
| Annual report | — | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | Annual report for Mar 2026 |
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 60 | 64 | 64 | 69 | 71 | 71 | 71 | 80 |
| Reserves | 1,830 | 2,562 | 2,685 | 3,018 | 3,028 | 3,573 | 2,562 | 2,049 |
| Minority interest | — | — | — | — | 0 | 0 | 0 | 0 |
| 2,968 | 3,025 | 5,373 | 3,772 | — | 9,425 | 5,656 | 3,943 | |
| 75 | 326 | 455 | 217 | 6,283 | 313 | 205 | 174 | |
| Total equity & liabilities | 4,932 | 5,977 | 8,577 | 7,076 | 9,383 | 13,383 | 8,494 | 6,246 |
| 27 | 34 | 38 | 31 | 47 | 52 | 52 | 39 | |
| CWIP | — | — | — | — | — | — | 0 | — |
| Investments | 0 | 487 | 2 | 2 | — | 112 | 110 | 114 |
| 4,905 | 5,456 | 8,537 | 7,043 | 9,336 | 13,218 | 8,332 | 6,094 | |
| Total assets | 4,932 | 5,977 | 8,577 | 7,076 | 9,383 | 13,383 | 8,494 | 6,246 |
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| -573 | -35 | -1,342 | 863 | -2,171 | -2,707 | 3,669 | 882 | |
| -33 | -487 | -5 | 36 | -175 | 86 | -119 | 165 | |
| 650 | 434 | 2,021 | -1,307 | 2,433 | 3,205 | -3,712 | -1,514 | |
| Net cash flow | 44 | -89 | 673 | -408 | 86 | 585 | -162 | -466 |
| Free cash flow | -580 | -40 | -1,356 | 849 | -2,184 | -2,732 | 3,646 | 878 |
| CFO / Operating profit % | -68.8% | -3.7% | -220.7% | 137.2% | -529.1% | -179.6% | — | — |