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Spandana Sphoorty Financial Limited (SPANDANA) Fair Value & Analysis

Financial Services · IN · Market cap ₹25.7B

SS Spandana Sphoorty Financial Limited SPANDANA · NSE
Price₹247.50
Fair Value₹198.14
Upside-19.9%
Quality34/100
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Weak Growth
Thin margins · 0.0% net margin
High debt · negative free cash flow
Trails peers (1/8)
Narrow moat 18/100
Evidence: Low Range ₹147.86 – ₹295.72 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 4 days ago

Share price −16.6% over the past month.

Below-average quality, and screening another 20% overvalued on our models.

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What matters now

  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹147.86 to ₹295.72) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹1,224 ₹184.15 Fair Value ₹198.14 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹184.15 – ₹1,224 · fair‑value band ₹147.86 – ₹295.72 · the ₹247.50 price screens above the ₹198.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Spandana Sphoorty Financial Limited (SPANDANA) currently trades at ₹247.50, while our model-based Fair Value estimate is ₹198.14, implying the stock looks roughly 19.9% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Revenue grew 256.0% year over year. It earns a return on equity of -29.4%. Net debt stands at ₹26.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹147.86 (bear case) to ₹295.72 (bull case); at ₹247.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -20%, SPANDANA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) ₹149.32 ₹200.08 ₹298.63 50
All 1 models by family
Asset-Based
NCAV (Graham) ₹149.32 ₹200.08 ₹298.63 50

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Key figures & financial health

Revenue (TTM) −₹1.6B
Revenue growth (YoY) +256%
Return on equity -29.4%
Free cash flow −₹13.0B FY2026
Operating margin 4.7%
EPS (TTM) ₹-91.01
More key figures
EPS growth (YoY) -53.9%
Net debt ₹26.7B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 51

Profitability 7
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 29
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Spandana Sphoorty Financial Limited engages in the microfinance business in India. The company provides joint liability group based microfinance for women entrepreneurs; loans against the property; nano enterprise loans; and individual loans. It serves low-income customers in semi-urban and rural areas.

Full company description

Spandana Sphoorty Financial Limited engages in the microfinance business in India. The company provides joint liability group based microfinance for women entrepreneurs; loans against the property; nano enterprise loans; and individual loans. It serves low-income customers in semi-urban and rural areas. Spandana Sphoorty Financial Limited was founded in 1998 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Spandana Sphoorty Financial Limited reported revenue of ₹10.7B in FY2026 versus ₹13.8B in FY2022, a compound −6.3%/yr. Reported net income was −₹7.0B in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹10.7B
Latest YoY
−50.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−5.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.7%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.4%
Revenue −6.3%/yr
FY22 ₹13.8B
FY23 ₹12.7B
FY24 ₹22.2B
FY25 ₹21.6B
FY26 ₹10.7B
Net income
FY22 ₹695M
FY23 ₹123M
FY24 ₹5.0B
FY25 −₹10.4B
FY26 −₹7.0B

SPANDANA screens 20% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Spandana Sphoorty Financial Limited Fair Value". https://www.fairvalue-calculator.com/stock/SPANDANA

Peer Group

Credit Services · 334 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside −20% · Below median
Return on assets -9% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 5% · Bottom 25%
Revenue growth 256% · Top 25%
Debt / equity 1.85× · Higher than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 7 · sector 33
FUTURE 100 · sector 39
PAST 0 · sector 32
HEALTH 7 · sector 59
DIVIDEND 0 · sector 58

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $359.42 $198.27 -45%
Mastercard Incorporated MA $561.44 $221.87 -60%
Bajaj Finance Limited BAJFINANCE ₹1,094 ₹397.61 -64%
Shriram Finance Limited SHRIRAMFIN ₹1,117 ₹553.83 -50%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,918 ₹796.52 -58%
Tata Capital Limited TATACAP ₹367.05 ₹149.40 -59%
Power Finance Corporation PFC ₹376.50 ₹615.85 +64%
Muthoot Finance Limited MUTHOOTFIN ₹2,876 ₹3,429 +19%
Indian Railway Finance Corporation IRFC ₹88.35 ₹69.72 -21%
REC Limited RECLTD ₹346.00 ₹692.00 +100%

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Frequently asked questions

Is Spandana Sphoorty Financial Limited (SPANDANA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹198.14 versus a price of ₹247.50, about −20% (overvalued).
What is the fair value of SPANDANA?
Our model-based fair value for Spandana Sphoorty Financial Limited is ₹198.14 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹247.50.
What is the quality score of SPANDANA?
Spandana Sphoorty Financial Limited has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of SPANDANA?
The net profit margin of Spandana Sphoorty Financial Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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