Buy Spandana Sphoorty Financial, target price Rs 430: HDFC Securities

HDFC Securities has buy call on Spandana Sphoorty Financial with a target price of Rs 430. The current market price of Spandana Sphoorty Financial is Rs 377.65. Time period given by analyst is 9 months when Spandana Sphoorty Financial Ltd. price can reach defined target.

Spandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 2435.92 Crore) operating in NBFC sector.

Spandana Sphoorty Financial Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Bad Debts Recovery and Commission for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 349.87 Crore, down -11.69 % from last quarter Total Income of Rs 396.19 Crore and up 1.63 % from last year same quarter Total Income of Rs 344.26 Crore. Company reported net profit after tax of Rs 45.10 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 62.29 per cent stake in the company as of 31-Dec-2021, while FIIs owned 10.2 per cent, DIIs 4.55 per cent.