SPANDANA

Spandana Sphoorty Financial Limited

NBFC-MFI providing unsecured loans to low-income customers

Financial Services›Financial Services›Finance›Microfinance Institutions

spandanasphoorty.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹211.84
Market cap
1,689 Cr
Stock P/E
Loss (TTM EPS ₹-42.62)
P/B
0.80
ROE (FY26)
-32.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Spandana (Spandana Sphoorty Financial) is a microfinance lender that makes small-ticket loans to individual borrowers in several Indian states, with an average ticket size of ₹60,000 (May 2026 call).

Company snapshot

5thBy market cap

Ranked among 5 companies in Microfinance Institutions.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income——386 Cr434 Cr349 Cr274 Cr205 Cr130 Cr105 Cr116 Cr106 Cr148 Cr
Other income30 Cr31 Cr34 Cr27 Cr20 Cr18 Cr4 Cr4 Cr10 Cr11 Cr17 Cr19 Cr
Net operating income30 Cr31 Cr420 Cr461 Cr369 Cr292 Cr209 Cr134 Cr115 Cr128 Cr123 Cr167 Cr
Employee cost112 Cr121 Cr141 Cr135 Cr153 Cr184 Cr161 Cr146 Cr130 Cr144 Cr113 Cr106 Cr
Other expenses38 Cr40 Cr46 Cr52 Cr62 Cr76 Cr41 Cr59 Cr54 Cr56 Cr44 Cr46 Cr
Provisions & contingencies————————————
Depreciation5 Cr6 Cr7 Cr4 Cr5 Cr6 Cr7 Cr4 Cr4 Cr4 Cr4 Cr3 Cr
Profit before tax168 Cr170 Cr172 Cr75 Cr-289 Cr-588 Cr-578 Cr-481 Cr-327 Cr-125 Cr8 Cr18 Cr
Tax %25.3%25.2%25.3%25.8%25.0%25.1%24.8%25.1%23.8%24.3%34.3%32.3%
Net profit125 Cr127 Cr129 Cr56 Cr-216 Cr-440 Cr-434 Cr-360 Cr-249 Cr-95 Cr5 Cr12 Cr
EPS (₹)₹17.63₹17.91₹18.06₹7.81₹-30.34₹-61.73₹-60.91₹-50.52₹-32.76₹-11.88₹0.66₹1.49

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——————1,311 Cr1,262 Cr457 CrSign in free for the trailing twelve months
Other income0.23 Cr5 Cr34 Cr23 Cr17 Cr76 Cr110 Cr69 Cr42 CrSign in free for the trailing twelve months
Net operating income0.23 Cr5 Cr34 Cr23 Cr17 Cr76 Cr1,422 Cr1,331 Cr499 CrSign in free for the trailing twelve months
Employee cost76 Cr131 Cr171 Cr172 Cr228 Cr306 Cr473 Cr632 Cr533 CrSign in free for the trailing twelve months
Other expenses27 Cr34 Cr42 Cr55 Cr125 Cr140 Cr160 Cr230 Cr214 CrSign in free for the trailing twelve months
Provisions & contingencies—————————Sign in free for the trailing twelve months
Depreciation6 Cr7 Cr9 Cr8 Cr9 Cr11 Cr20 Cr23 Cr16 CrSign in free for the trailing twelve months
Profit before tax283 Cr473 Cr618 Cr200 Cr97 Cr18 Cr671 Cr-1,379 Cr-925 CrSign in free for the trailing twelve months
Tax %33.5%34.1%43.1%27.4%27.9%30.5%25.3%24.9%24.5%Sign in free for the trailing twelve months
Net profit188 Cr312 Cr352 Cr145 Cr70 Cr12 Cr501 Cr-1,035 Cr-699 CrSign in free for the trailing twelve months
EPS (₹)₹42.52₹53.46₹56.21₹22.55₹10.75₹1.74₹70.42₹-145.17₹-91.01Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital30 Cr60 Cr64 Cr64 Cr69 Cr71 Cr71 Cr71 Cr80 Cr
Reserves1,361 Cr1,830 Cr2,562 Cr2,685 Cr3,021 Cr3,028 Cr3,573 Cr2,562 Cr2,049 Cr
Borrowings2,331 Cr2,968 Cr3,025 Cr5,373 Cr3,772 Cr—9,425 Cr5,656 Cr3,943 Cr
Other liabilities42 Cr74 Cr325 Cr453 Cr214 Cr6,283 Cr313 Cr205 Cr174 Cr
Total liabilities3,764 Cr4,932 Cr5,977 Cr8,577 Cr7,076 Cr9,383 Cr13,383 Cr8,494 Cr6,246 Cr
Fixed assets (net)6 Cr7 Cr15 Cr20 Cr7 Cr25 Cr30 Cr31 Cr18 Cr
CWIP———0.78 Cr———0 Cr—
Investments0.10 Cr0.10 Cr487 Cr2 Cr2 Cr—112 Cr110 Cr114 Cr
Loans & advances——4,852 Cr6,933 Cr5,518 Cr—11,014 Cr5,708 Cr3,861 Cr
Inventories——0 Cr0 Cr0 Cr1 Cr0 Cr0 Cr0 Cr
Trade receivables3 Cr4 Cr22 Cr12 Cr20 Cr——0 Cr—
Cash & bank105 Cr149 Cr60 Cr1,135 Cr727 Cr813 Cr1,398 Cr1,236 Cr769 Cr
Other assets3,651 Cr4,772 Cr540 Cr474 Cr801 Cr8,543 Cr828 Cr1,408 Cr1,485 Cr
Total assets3,764 Cr4,932 Cr5,977 Cr8,577 Cr7,076 Cr9,383 Cr13,383 Cr8,494 Cr6,246 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-1,855 Cr-573 Cr-35 Cr-1,342 Cr863 Cr-2,171 Cr-2,707 Cr3,669 Cr882 Cr
Cash from investing-4 Cr-33 Cr-487 Cr-5 Cr36 Cr-175 Cr86 Cr-119 Cr165 Cr
Cash from financing1,673 Cr650 Cr434 Cr2,021 Cr-1,307 Cr2,433 Cr3,205 Cr-3,712 Cr-1,514 Cr
Net cash flow-186 Cr44 Cr-89 Cr673 Cr-408 Cr86 Cr585 Cr-162 Cr-466 Cr
Free cash flow (OCF − Capex)-1,860 Cr-581 Cr-40 Cr-1,356 Cr849 Cr-2,184 Cr-2,732 Cr3,646 Cr878 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %13.5%16.5%13.4%5.3%2.3%0.4%13.7%-39.3%-32.8%
Debt / equity1.681.571.151.951.22—2.592.151.85