Spandana Sphoorty Financial Ltd Company background
Founded in: 2003
Managing director: Shalabh Saxena
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 nondeposit 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 (NBFCMFI) status by the RBI with effect from April 13, 2015 The Company is a leading, rural focused NBFCMFI with a geographically diversified presence in India. It offers income generation loans under the joint liability group model, predominantly to women from lowincome households in Rural Areas. As of March 31, 2019, the company is the fourth largest NBFCMFI and the sixth largest amongst NBFCMFIs and SFBs in India, in terms of AUM update.The Company has developed an indepth understanding of the borrowing requirements of the lowincome 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 clientcentric approach, the company endeavours to strengthen the socioeconomic wellbeing of lowincome households by providing financing on a sustainable basis in order to improve livelihoods, establish identity and enhance selfesteem.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 NBFCMFIs 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 NBFCMFIs in India.
What is the current share price of Spandana Sphoorty Financial Ltd today on both NSE and BSE?
Spandana Sphoorty Financial Ltd shares are currently priced at 785.25 on NSE and 785.65 on BSE as of 5/8/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Spandana Sphoorty Financial Ltd [SPANDANA] shares performed in the past ?
The past 1-year return of Spandana Sphoorty Financial Ltd [SPANDANA] share was 21.81. The Spandana Sphoorty Financial Ltd [SPANDANA] share hit a 1-year low of Rs. 606.8 and a 1-year high of Rs. 1243.2.
What is the market cap of Spandana Sphoorty Financial Ltd [SPANDANA] ?
The market cap of Spandana Sphoorty Financial Ltd is Rs. 5598.63 Cr. as of 5/8/2024 12:00:00 AM.
What is the current P/E ratio of Spandana Sphoorty Financial Ltd [SPANDANA] share price ?
The PE ratios of Spandana Sphoorty Financial Ltd is 11.97 as of 5/8/2024 12:00:00 AM.
What is the current PB ratio of Spandana Sphoorty Financial Ltd [SPANDANA] share price ?
The PB ratios of Spandana Sphoorty Financial Ltd is 1.57 as of 5/8/2024 12:00:00 AM
What is the Mutual Fund shareholding in Spandana Sphoorty Financial Ltd?
The Mutual Fund Shareholding was 2.25% at the end of 5/8/2024 12:00:00 AM.
How can I buy Spandana Sphoorty Financial Ltd shares?
You can easily buy Spandana Sphoorty Financial Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.