SPANDANA SPHOORTY FINANCIAL LIMITED

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INE572J07661 is Out of Stock

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INE572J07661 - Bond Details

Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

11M 24Days

Payment Terms

Quarterly

Highlights

Credit Rating

IND A-/NEGATIVE

Seniority

SENIOR

Security

Secured

Default History

Zero

Backed by Marquee Investors : Kedaara Capital, Goldman Sachs, ICICI Prudential Life Insurance, ACM Global

Strong Capitalisation : The entity maintains comfortable capital cushion for it’s scale, the entity has since inception raised , with the latest infusion of ~INR 750Cr (400-350) from it’s investors keeping capitalisation metrics healthy. CRAR as of Mar 2026 stands at 29.76%, well above the RBI’s 15% minimum requirement signaling ample headroom for growth.

Strong liquidity: The entity maintains Cash and bank balance of INR 1,213Cr. as of Mar 2026 out of Total Assets of INR 6,110Cr. (26.61% Assets maintained in liquid instruments, underscoring a strong liquidity buffer)

Company Financials

Revenue

AUM

Net Worth

Cash & Cash Eq.

Important disclaimer

Ratio Analysis

0.64

Net NPA

Good

Benchmark: Lower than 3%

3.33

Gross NPA

Good

Benchmark: Lower than 5%

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

1.74

Debt to Equity Ratio

Good

Benchmark: Lower than 6 times

Important disclaimer

About Issuer

Spandana Sphoorty is an NBFC founded by Mrs. Padmaja Reddy in 1998. They finance the households and individuals. It is the largest microfinance company in India. In FY 2020, the number of borrowers crossed 25 lakhs. The company has influenced 55 lakh people across the country since its inception. It has made its presence in 13 states and operates via 1027 branches in India.

A few of the awards won by Spandana Sphoorty are:

"The Best Micro Finance Company of the Year" awarded by The Golden Star Awards 2018, Delhi.
The Most Trusted Micro Financial Company of the year 2017 awarded by The Raising Leadership Awards, Goa.

Total Annual Revenue

1435.30 Cr (FY 2019-20)

Year of Inception

1998

Industry

NBFC Retail

Head Office

Hyderabad

Type of Issuer

Corporate

Current MD/CEO

Mr. Shalabh Saxena

Credit Rating / Outlook

A+ STABLE

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

SPANDANA SPHOORTY FINANCIAL LIMITED

Security Name

ISIN

Copy

INE572J07661

Face Value

₹ 1,00,000

Issued FV

₹ 1,00,000

Coupon Rate

10.75%

Coupon Type

FIXED

Payment Terms

Quarterly

Maturity Date

13-Aug-2025

Clean Price

₹ 101.16

Dirty Price

Current Yield

Yield to Maturity

9.0253%

Mode of Issue

Private Placement

Date of Issue

13-Feb-2024

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited)

Windsor,6th Floor, Office No.604, C.S.T Road, Kalina,Santa Cruz (East), Mumbai 400098

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Plot No. 17-24, Vittal rao Nagar,Madhapur,Hyderabad 500081

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 121 to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN TECHNOLOGIES PRIVATE LIMITED Plot No. 17-24, Vittal rao Nagar,Madhapur,Hyderabad 500081

This bond is
currently out of stock

Download Cashflow

FAQs about SPANDANA SPHOORTY FINANCIAL LIMITED bonds

How to buy this SPANDANA SPHOORTY FINANCIAL LIMITED bond online?

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What is the yield of this SPANDANA SPHOORTY FINANCIAL LIMITED bond?

undefined% is the current yield of this SPANDANA SPHOORTY FINANCIAL LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this SPANDANA SPHOORTY FINANCIAL LIMITED bond is undefined%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this SPANDANA SPHOORTY FINANCIAL LIMITED bond?

To redeem this SPANDANA SPHOORTY FINANCIAL LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this SPANDANA SPHOORTY FINANCIAL LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this SPANDANA SPHOORTY FINANCIAL LIMITED bond tax-free?

No, this SPANDANA SPHOORTY FINANCIAL LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this SPANDANA SPHOORTY FINANCIAL LIMITED bond before the maturity date?

Yes, it is possible to sell this SPANDANA SPHOORTY FINANCIAL LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Risk Disclosure & Regulatory Information

Fixed returns do not mean guaranteed or assured returns. Investments in corporate debt securities, municipal debt securities, and securitised debt instruments carry credit risk, market risk, and default risk, including delay or default in payment. Please read all offer-related documents carefully before you invest.

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SEBI Registration No.: INZ000310732 | BSE Member ID: 6809 | NSE Member ID: 90331

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Abhijit Roy - Designated Director & CEO, Samir Baran Pratihar - Designated Director & CTO
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SPANDANA SPHOORTY FINANCIAL LIMITED

SPANDANA SPHOORTY FINANCIAL LIMITED

INE572J07661 - Bond Details

Highlights

Company Financials

Ratio Analysis

About Issuer