Spandana Sphoorty Financial Ltd. share price target

FY22 had been an eventful year for Spandana Sphoorty (Spandana), starting with the resignation of its erstwhile MD & CEO which triggered operational instability followed by course correction.

AUM/Borrower jumps 11% qoq and 50% yoy to Rs26,600, still materially lower than industry average. Branch addition remained calibratedwithsteadyrampupinthenumberofLoanOfficersper...

Financial Products Spandana Sphoorty Financial Ltd (Spandana) is a rural focused Micro-Finance Institution with a pan India presence. It mainly focuses on Abhilasha' loans whose primary objective is to empower women in setting up and expanding income generating activities, smoothen household cash flows and acquire productive assets. For its income generation loans, it presently focus on areas such as agriculture,...

Spandana Sphoorty Financial Ltd (SSFL), is the 4th largest NBFC-MFI in India in terms of AUM as on FY19. The company provides micro-loans predominantly to women from low-income households in rural areas under a joint-liabilitymechanism where borrowers form an informal joint liability group (JLG) of 5-10 members and loans are sanctioned and disbursed to individual borrowers. JLG loans comprise about 85% of SSFL's gross loan portfolio. The company provides loans for income generation, business and gold jewelry. The company has maintained strong track record of financial and operational efficiencies over the years through high rates of customer retention, geographical expansion,...

Company is a leading, rural focused NBFC-MFI with a geographically diversified presence in...

Spandana Sphoorty Financial Ltd (SSFL) is India's fourth largest NBFC-MFI with AUM of Rs 44bn headquartered in Hyderabad. Promoted by Padmaja Gangireddy (MD) and Kangchenjunga (Kedaara Capital), SSFL specializes in MSE financing for low-income women borrowers. With systematic expansion of geographic footprint to tap the underserved high potential rural segment,...

Spandana Sphoorty Financial Limited IPO Note Issue Open: August 05 August 07, 2019, Price Band: Rs. 853 856, Issue Size: 14,029,622 eq shares (Fresh issue of 4,672,897 + 9,356,725 Offer for sale)

Spandana Sphoorty Financial Limited (SSFL) Incorporated on March 10, 2003 is a leading, Rural Focused NBFC-MFI with a geographically diversified presence in India offering income generation loans under the joint liability group model, predominantly to women from low-income households in Rural Areas. As of March 31, 2019, they were the 4th largest NBFC-MFI and the 6th largest...

With AUM size of | 4437 crore as of June 30, 2019, SSFL is the fourth largest NBFC-MFI and the sixth largest among NBFC-MFIs and SFBs in India. Geographically, the company has ~63% exposure towards four states viz. Maharashtra, Karnataka, Odisha and Madhya Pradesh. SSFL has 7062 employees (including 5051 credit assistants) operating out of 929 branches...