SPANDANA SPHOORTY FINANCIAL LIMITED

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Valid till 26 April, 11:59 pm

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Invest in Midland Microfin Ltd.

Earn up to 12.75% p.a.

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Get 0.27% additional Yield on Selected Bonds

Valid till 26 April, 11:59 pm

Invest Now

Invest in Midland Microfin Ltd.

Earn up to 12.75% p.a.

Invest Now

Get 0.27% additional Yield on Selected Bonds

Valid till 26 April, 11:59 pm

Invest Now

Invest in Midland Microfin Ltd.

Earn up to 12.75% p.a.

Invest Now

Search for bonds, FD or IPO

Returns (YTM)

12.65%

Min. Investment

₹ 29,819.1

Remaining Tenure

1Y 11M 26Days

Payment Terms

Monthly

Highlights

Credit Rating

ICRA BBB+/NEGATIVE

Seniority

SENIOR

Security

Secured

Default History

Zero

Backe by Marquee Investors - Goldman Sachs, ICICI prudential life insurance, ACM Global.

Strong Capitalisation: Shareholders approved a INR 750 crs capital raise in March 2025 (expected in FY2026), the company maintains a strong net worth of ₹2,121 crs and a comfortable CRAR of 40.3% as of Dec 2025, well above the RBI’s 15% minimum requirement

Strong liquidity: Cash and bank balance as of Dec 2025 is 1,626 Crs. out of Total Assets of 6,110Crs. (26.61% Assets maintained in liquid instruments, underscoring a strong liquidity buffer)

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

Ratio Analysis

0.96

Net NPA

Good

Benchmark: Lower than 3%

36.31

Capital Adequacy Ratio

Good

Benchmark: Minimum 14%

1.98

Debt to Equity Ratio

Good

Benchmark: Maximum 12 times

-0.45

Interest Coverage Ratio

Risky

Benchmark: Minimum 2

Important disclaimer

About Issuer

Spandana Sphoorty Financial Limited (“Spandana”) was incorporated in 2003, Spandana Sphoorty is a Care Edge BBB+ rated company. It is a systematically important, non-deposit taking NBFC registered with RBI.

The company is engaged in undertaking microfinance loans business in India in a joint liability group (JLG) with a tenure of upto 1-2 years and loan against property (LAP) lending model. Spandana is supported by marquee private equity investors, including, Goldman Sachs, ICICI prudential life insurance, ACM Global.

Spandana is a listed entity on NSE and BSE with a market capitalization of INR 1,790 crores, reporting an AUM of INR 3,948 crores and revenue of INR 789 crores as of 9M FY’26.

Total Annual Revenue

Rs 2245 Cr (FY - 2025)

Year of Inception

1998

Industry

NBFC Retail

Head Office

HYDERABAD

Type of Issuer

Corporate

Current MD/CEO

Mr. K. Venkatesh

Credit Rating / Outlook

BBB+ NEGATIVE

ICRA

Rating Rationale

Rating Date: 24-Apr-2026

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 BBB credit rating are considered to have a moderate to low degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry moderate to high credit risk, hence it is suitable for investors with high risk tolerance.
Negative Outlook indicates a higher likelihood of a rating downgrade, signaling potential weaknesses or adverse events that could weaken the issuer's credit position.

Other Important Details & Disclosures

Issuer Name

SPANDANA SPHOORTY FINANCIAL LIMITED

Security Name

11.25% SPANDANA SPHOORTY FINANCIAL LIMITED Secured Rated Listed NCD Maturity 26-Apr-2028

ISIN

Copy

INE572J07810

Face Value

₹ 10,000

Issued FV

₹ 10,000

Coupon Rate

11.25%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

26-Apr-2028

Clean Price

₹ 99.14

Dirty Price

₹ 99.4

Current Yield

11.3478%

Yield to Maturity

12.65%

Mode of Issue

Private Placement

Date of Issue

28-Apr-2026

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

Unit No. 901,9th Floor, Tower- B, Peninsula Business Park,Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032

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 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032

Units

Investment Amount

₹ 29,819.1

Total Returns

₹ 4,381.92

Total Receivable

₹ 34,201.02

Cashflow Timeline

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FAQs about SPANDANA SPHOORTY FINANCIAL LIMITED bonds

How to buy this SPANDANA SPHOORTY FINANCIAL LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy SPANDANA SPHOORTY FINANCIAL LIMITED bond online follow the steps below:

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

12.65% 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 12.65%, 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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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2026

₹ 9,596.66

₹ 9,386.99

26 May	Interest ₹ 258.9	Interest ₹ 233.01
26 Jun	Interest ₹ 286.64	Interest ₹ 257.98
26 Jul	Interest ₹ 277.4	Interest ₹ 249.66
26 Aug	Interest ₹ 286.64	Interest ₹ 257.98
26 Sep	Interest ₹ 286.64	Interest ₹ 257.98
26 Oct (Part Maturity)	Interest ₹ 277.4 + ₹ 7,500 (25% of Principal)	Interest ₹ 249.66 + ₹ 7,500 (25% of Principal)
26 Nov	Interest ₹ 214.98	Interest ₹ 193.48
26 Dec	Interest ₹ 208.05	Interest ₹ 187.24

2027

₹ 16,822.91

₹ 16,640.62

2028

₹ 7,781.45

₹ 7,753.3

* The interest amount is paid as per total invested face value (₹ 30000) and annual coupon rate of 11.25%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

Ratio Analysis

About Issuer