ScoutQuest7 Oct 2026
Spandana Sphoorty Financial542759Rating outlook

India Ratings affirms IND BBB+ on Spandana's INR 5,000 million NCDs and INR 10,000 million bank loans; outlook revised to Stable

IND BBB+Reaffirmed · India Ratings and Research
Reaffirmed by India Ratings and Research · IND BBB+ · outlook Stable.
Credit Rating
IND BBB+/Stable (affirmed; outlook revised from IND BBB+/Negative)
NCD Size
INR 5,000 million, reduced from 11,200
Bank Loans Size
INR 10,000 million, reduced from 15,000
Agency
India Ratings and Research
Action
Reaffirmed

India Ratings affirms IND BBB+ on Spandana's INR 5,000 million NCDs and INR 10,000 million bank loans; outlook revised to Stable.

Company incorporation
Previous rating action IND BBB+/Negative
Rating rationale date
Company incorporation 10 Mar 2003 · Previous rating action 26 Aug 2025 · Rating rationale date 7 Oct 2026
More numbers
  • Non-convertible debentures size of issue5,000 (INR million)
  • Bank loans size of issue10,000 (INR million)
  • Consolidated net worth as of 1QFY27INR14,218.4 million
  • AUM as of June 2026INR48,870 million
  • Standalone capital adequacy ratio 1QFY2728.6%
  • Rights issue infusionINR2,000 million
  • Total rights issue sizeINR4,000 million
  • Monthly collection efficiency 1QFY2795.9%
Source: BSE · 7 Oct 2026

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