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Security Name: 10.75% Spandana Sphoorty Financial Limited 24 Mar 2025

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ISIN:
INE572J07646
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Taxable

Tax Category

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24 Mar, 2025

Maturity Date
(3 Mo 17 D to mature)

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Monthly

Interest Payment Frequency

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Yes

NRI Eligibility

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06 Oct, 2023

Allotment Date

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NA

Put Date

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06 Jun, 2024

Next Interest Payment Date

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7 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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10.75%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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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.

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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.

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Interest coverage ratio

Recent News
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Spandana Sphoorty board to mull NCD

Mar 26, 2024 | Spandana Sphoorty Financial Limited

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Spandana Sphoorty Financial net profit jumps 79% to Rs 127 crore

Mar 26, 2024 | Spandana Sphoorty Financial Limited

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Spandana Sphoorty Financial suffers Rs 216 cr consolidated loss in Q2FY25

Nov 01, 2024 | Spandana Sphoorty Financial Limited

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STEPS TO BUY THIS BOND
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
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To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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