Security Name: 10.75% Spandana Sphoorty Financial Limited 24 Mar 2025
ISIN:
INE572J07646
Taxable
Tax Category
24 Mar, 2025
Maturity Date
(2 Mo 26 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
06 Oct, 2023
Allotment Date
NA
Put Date
06 Jun, 2024
Next Interest Payment Date
7 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
10.75%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial Limited was incorporated in 2003 as a NBFC and it took over the microfinance operations of Spandana, a non-governmental organisation started by Ms. Padmaja Reddy in 1998. The company was classified as a NBFC– microfinance institution in 2015.
The ratio in FY24 is 5.83x and it was 12.48x in FY23. This is indicating decrease in the debt level due to huge increase in the profitability which is driven by AUM growth and improvement in asset quality in FY24.
Debt/EBITDA
The ratio in FY24 is 1.70x and it was 1.04x in FY23, indicating increase in debt servicing ability of the issuer to huge increase in the profitability which is driven by improvement in the asset quality and AUM growth in FY24.
Interest coverage ratio
Recent News
Spandana Sphoorty board to mull NCD
Mar 26, 2024 | Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial net profit jumps 79% to Rs 127 crore
Mar 26, 2024 | Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial suffers Rs 216 cr consolidated loss in Q2FY25
Nov 01, 2024 | Spandana Sphoorty Financial Limited
Related Videos
Principal Repayment Schedule
Understanding the Payback: The Essentials of Principal Repayment
Lifecycle of a Bond
The journey through the various stages that define the lifespan of a bond.
STEPS TO BUY THIS BOND
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PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE572J07646 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 10.75% Spandana Sphoorty Financial Limited 24 Mar 2025 |
| Credit Rating |
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| A by IND |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹1,00,000 |
| Coupon |
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| 10.750000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 24/03/2025 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| Principal Amount |
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| ₹NaN |
| Accrued Interest |
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| Stamp Duty |
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| ₹0 |
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| ₹NaN |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
