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SPANDANA SPHOORTY FINANCIAL LIMITED
Sector Focus
Diversified NBFC
Highest Credit Rating
A (Negative) by INDIA RATING AND RESEARCH PVT. LTD
Oct 12, 2023
Yield
Request for Quote
Coupon
10.7500 % p.a
Rating
A (Negative)
ISIN
INE572J07646
Maturity Date
24 Mar, 2025
Key Strengths
Experienced management team
Mr. Shalabh Saxena is MD & CEO, He has previously worked with Bharat Financial Inclusion Limited as MD & CEO, HSBC Life Insurance, ING Life Insurance & Standard Chartered Bank. Other KMP are Mr. Ashish Damani President and CFO, Mr. Amit Anand Chief Risk Officer
Adequate Capitalisation
Capital adequacy ratio (CAR) stood at 37.6%. as on June 30, 2023. against RBI’s regulatory requirement of 15%
Strong Asset quality
GNPAs of 1.63% and net NPAs (NNPAs) of 0.49% as on June 30, 2023
Diversified Funding Profile
Multiple & diversified route of funding. The share of funding through these routes are PSU 7%, Private Banks 40%, NBFC 18%, FPI 4%, Capital markets 31%
Positive Liquidity Indicator
As on June 30, 2023, Spandana’s short-term liquidity (up-to-one year) was adequate, with a cumulative surplus (excess of short-term assets over short-term liabilities) of 24%, as per its asset-liability statement
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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