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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Spandana Sphoorty Financial Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:23 pm

Market Cap 5,520 Cr.
Current Price 774
High / Low1,243/658
Stock P/E11.8
Book Value 499
Dividend Yield0.00 %
ROCE14.1 %
ROE14.2 %
Face Value 10.0
PEG Ratio2.55

Competitors of Spandana Sphoorty Financial Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sundaram Finance Ltd 52,544 Cr. 4,7004,998/2,49035.3 9970.64 %9.21 %14.2 % 10.0
Ujjivan Financial Services Ltd 7,179 Cr. 590615/3788.75 2990.85 %10.3 %32.1 % 10.0
Nagreeka Capital & Infrastructure Ltd 27.2 Cr. 21.725.8/14.12.04 2.040.00 %32.4 %% 5.00
SBI Cards & Payment Services Ltd 69,668 Cr. 732893/64828.9 1270.34 %12.5 %22.0 % 10.0
Motilal Oswal Financial Services Ltd 39,300 Cr. 658722/16816.1 1470.53 %20.7 %32.6 % 1.00
Industry Average9,124.26 Cr624.7263.831,258.240.35%16.29%25.11%7.59

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue459413372328263232281340475487584591637
Interest1351371431321029288118146195223241239
Expenses271212300144148451127141202155231217261
Financing Profit5363-715213-3116681127137131133138
Financing Margin %11%15%-19%16%5%-134%24%24%27%28%22%23%22%
Other Income600312812153015303032
Depreciation2212322343567
Profit before tax5761-725323-3057694153149156158164
Tax %26%23%18%24%19%27%35%26%24%25%25%25%25%
Net Profit4248-594018-2235069116111116118122
EPS in Rs6.477.39-9.146.172.64-31.396.989.7616.3715.6516.3616.6217.14
Gross NPA %17.70%1.95%1.49%1.27%1.50%1.43%
Net NPA %0.64%0.45%0.38%0.45%0.29%

Last Updated: June 9, 2024, 6:50 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 11:39 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue2582803033453785871,0361,4091,4441,3761,3292,300
Interest6100112129150232358357419515447897
Expenses1,42711310421919667207477860803919864
Financing Profit-1,1746787-43228847157516458-37539
Financing Margin %-455%24%29%-1%9%49%45%41%11%4%-3%23%
Other Income14122251220532211566107
Depreciation33348679791120
Profit before tax-1,16364106243462834695981786518626
Tax %0%0%1%0%-873%34%34%44%27%28%32%25%
Net Profit-1,163641052434431883093371294712468
EPS in Rs-599.8833.1851.57119.35155.8663.1751.7752.3520.056.751.7465.62
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)105.50%64.06%131.43%82.30%-57.56%64.36%9.06%-61.72%-63.57%-74.47%3800.00%
Change in YoY Net Profit Growth (%)0.00%-41.44%67.37%-49.12%-139.87%121.92%-55.30%-70.78%-1.84%-10.90%3874.47%

Growth

Compounded Sales Growth
10 Years:18%
5 Years:18%
3 Years:-2%
TTM:91%
Compounded Profit Growth
10 Years:7%
5 Years:-42%
3 Years:-67%
TTM:640%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:16%
1 Year:57%
Return on Equity
10 Years:%
5 Years:7%
3 Years:2%
Last Year:0%

Last Updated: April 13, 2024, 9:22 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191920202830606464697171
Reserves192-970-924-864-627-22161,8272,5442,6522,8872,9723,215
Preference Capital9069418948087919011,14500000
Borrowings1,2851,0437031,0239199332,3312,9453,0165,1973,6315,9347,507
Other Liabilities1,4402,4862,3752,1731,7889691,18867317433276208141
Total Liabilities2,9362,5772,1732,3522,1001,9293,7644,8985,9428,3466,8649,18610,934
Fixed Assets10746149891620142933
CWIP0006000000000
Investments000000265550115115306246
Other Assets2,9252,5712,1692,3412,0851,9203,7544,8245,3758,2116,7368,85010,656
Total Assets2,9362,5772,1732,3522,1001,9293,7644,8985,9428,3466,8649,18610,934

Reserves and Borrowings Chart

Spandana Sphoorty Financial Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 477-143173-182114-59-1,855-650-54-1,618820-2,053
Cash from Investing Activity 19850-7-10-1-6-59-48551445-178
Cash from Financing Activity -175-207-320222-1283151,6737524472,181-1,2722,317
Net Cash Flow322-342-9733-24255-18843-921,077-40786

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-940.00-781.00-704.00-572.00-705.0066.00207.00477.00860.00803.00919.00864.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %138%29%15%5%2%0%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters62.38%62.38%62.29%62.29%62.62%63.59%63.03%63.01%63.00%62.41%60.41%59.89%
FIIs10.94%10.98%12.43%10.20%12.19%12.66%13.13%19.59%20.24%21.25%18.74%19.05%
DIIs4.60%4.57%4.55%4.55%4.22%4.11%8.41%8.89%8.43%8.43%13.02%13.45%
Public22.08%22.08%20.74%22.96%20.97%19.63%15.43%8.51%8.32%7.92%7.82%7.62%
No. of Shareholders17,19122,61021,94625,48229,33626,57519,61417,77617,13018,95520,70625,870

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Edelweiss Small Cap Fund415,7291.5646.92105,2332024-06-20295.06%
Edelweiss Mid Cap Fund334,5270.8237.76105,2332024-06-20217.89%
Tata Banking and Financial Services Fund300,0001.7533.86105,2332024-06-20185.08%
Union Flexi Cap Fund265,0001.629.91105,2332024-06-20151.82%
Union Small Cap Fund244,7512.1527.63105,2332024-06-20132.58%
JM Flexicap Fund125,0001.1414.11105,2332024-06-2018.78%
Union Multicap Fund117,8001.7713.3105,2332024-06-2011.94%
Union Innovation & Opportunities Fund105,2332.0911.88105,2332024-06-200%
Union Midcap Fund102,9581.1911.62105,2332024-06-20-2.16%
JM Value Fund97,5002.7111105,2332024-06-20-7.35%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)70.421.7410.7522.5556.21
Diluted EPS (Rs.)69.381.7410.7222.4755.74
Cash EPS (Rs.)73.093.2811.4323.8056.08
Book Value[Excl.RevalReserv]/Share (Rs.)511.20436.62447.20427.75408.50
Book Value[Incl.RevalReserv]/Share (Rs.)511.20436.62447.20427.75408.50
Revenue From Operations / Share (Rs.)339.93197.34211.71230.53223.17
PBDIT / Share (Rs.)226.8968.5593.5298.15152.94
PBIT / Share (Rs.)224.0367.0292.1996.96151.56
PBT / Share (Rs.)94.052.5114.0231.1796.16
Net Profit / Share (Rs.)70.231.7510.1122.6254.70
NP After MI And SOA / Share (Rs.)70.221.7310.0522.5554.65
PBDIT Margin (%)66.7434.7344.1742.5768.53
PBIT Margin (%)65.9033.9643.5442.0667.91
PBT Margin (%)27.661.276.6213.5143.08
Net Profit Margin (%)20.650.884.779.8124.51
NP After MI And SOA Margin (%)20.650.874.749.7824.48
Return on Networth / Equity (%)13.730.392.245.2713.38
Return on Capital Employeed (%)40.527.2712.8112.5027.67
Return On Assets (%)3.740.130.981.695.87
Long Term Debt / Equity (X)0.001.090.580.740.30
Total Debt / Equity (X)2.581.961.221.951.15
Asset Turnover Ratio (%)0.210.160.170.200.25
Current Ratio (X)1.393.203.242.342.41
Quick Ratio (X)1.393.193.242.342.41
Interest Coverage Ratio (X)1.751.061.201.492.76
Interest Coverage Ratio (Post Tax) (X)1.541.031.131.341.99
Enterprise Value (Cr.)13517.088850.524868.617881.146545.70
EV / Net Operating Revenue (X)5.586.323.335.324.56
EV / EBITDA (X)8.3618.197.5312.496.65
MarketCap / Net Operating Revenue (X)2.482.701.572.622.63
Price / BV (X)1.651.220.741.411.44
Price / Net Operating Revenue (X)2.482.701.572.622.63
EarningsYield0.080.000.030.030.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 852.85

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.19% compared to the current price 774

Intrinsic Value: 892.27

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 15.28% compared to the current price ₹774

Last 5 Year EPS CAGR: 4.62%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Spandana Sphoorty Financial Ltd:
    1. Net Profit Margin: 20.65%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 40.52% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.73% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.39
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 11.8 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 2.58
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Spandana Sphoorty Financial Ltd. is a Public Limited Listed company incorporated on 10/03/2003 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L65929TG2003PLC040648 and registration number is 040648. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 1376.34 Cr. and Equity Capital is Rs. 69.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Microfinance InstitutionsGalaxy, Wing B, 16th Floor, Plot No.1, Sy No 83/1, Hyderabad Knowledge City, Hyderabad Telangana 500081secretarial@spandanasphoorty.com
http://www.spandanasphoorty.com
Management
NamePosition Held
Ms. Abanti MitraChairman & Ind.Director
Mr. Shalabh SaxenaManaging Director & CEO
Mrs. Padmaja GangireddyNon Executive Director
Mr. Deepak Calian VaidyaIndependent Director
Mr. Jagdish CapoorIndependent Director
Mr. Animesh ChauhanIndependent Director
Mr. Vinayak PrasadIndependent Director
Mrs. Dipali Hemant ShethIndependent Director
Mr. Sunish SharmaNon Exe. & Nominee Director
Mr. Neeraj SwaroopNon Exe. & Nominee Director
Mr. Kartikeya Dhruv KajiNon Exe. & Nominee Director
Mr. Ramachandra K KamathNon Exe. & Nominee Director

FAQ

What is the latest fair value of Spandana Sphoorty Financial Ltd?

The latest fair value of Spandana Sphoorty Financial Ltd is ₹852.85.

What is the Market Cap of Spandana Sphoorty Financial Ltd?

The Market Cap of Spandana Sphoorty Financial Ltd is 5,520 Cr..

What is the current Stock Price of Spandana Sphoorty Financial Ltd as on 21 June 2024?

The current stock price of Spandana Sphoorty Financial Ltd as on 21 June 2024 is ₹774.

What is the High / Low of Spandana Sphoorty Financial Ltd stocks in FY 2024?

In FY 2024, the High / Low of Spandana Sphoorty Financial Ltd stocks is 1,243/658.

What is the Stock P/E of Spandana Sphoorty Financial Ltd?

The Stock P/E of Spandana Sphoorty Financial Ltd is 11.8.

What is the Book Value of Spandana Sphoorty Financial Ltd?

The Book Value of Spandana Sphoorty Financial Ltd is 499.

What is the Dividend Yield of Spandana Sphoorty Financial Ltd?

The Dividend Yield of Spandana Sphoorty Financial Ltd is 0.00 %.

What is the ROCE of Spandana Sphoorty Financial Ltd?

The ROCE of Spandana Sphoorty Financial Ltd is 14.1 %.

What is the ROE of Spandana Sphoorty Financial Ltd?

The ROE of Spandana Sphoorty Financial Ltd is 14.2 %.

What is the Face Value of Spandana Sphoorty Financial Ltd?

The Face Value of Spandana Sphoorty Financial Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Spandana Sphoorty Financial Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE