Case study

SPANDANA

Spandana Sphoorty Financial Limited

High-risk on the numbers1y model -2.4%

Each stock's 10,000-path forecast, rendered as light.

25Score

Spandana Sphoorty Financial Limited (SPANDANA) Stock Analysis & Case Study

Is SPANDANA a good buy? The data-driven verdict.

Spandana Sphoorty Financial Limited (SPANDANA) trades at ₹257,on the numbers it high-risk on the numbers, a Downstox Snapshot Score of 25/100.

On the numbers, Spandana Sphoorty Financial Limited (SPANDANA) high-risk on the numbers, a Downstox Snapshot Score of 25/100, weighing expensive at 240.0× earnings, ROE of -29.4%, a 48% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

SPANDANA fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹2,064 Cr
Current price
₹257
P/E ratio
240.0×
P/B ratio
1.07×
Book value
₹240
ROCE
-5.8%
ROE
-29.4%
Piotroski F-Score
1/8

How SPANDANA ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for SPANDANA, as of 9 Aug 2026, so it is not ranked here.

Is SPANDANA overvalued? SPANDANA P/E vs peers

SPANDANA trades at 240.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

SPANDANA share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 6.9y of SPANDANA history (-17%/yr drift, 51%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
SPANDANA 2027₹131₹251₹482-2%
SPANDANA 2028₹99₹245₹610-5%
SPANDANA 2029₹78₹239₹737-7%
SPANDANA 2030₹65₹233₹838-9%
SPANDANA 2031₹52₹228₹994-12%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability SPANDANA goes up, or doubles?

48%
Higher in 1 year
Modelled chance the price is above today in 12 months
46%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹516 within 5 years

The bull case for SPANDANA

  • Low price-to-book of 1.07×, the market is paying little over the company's net assets.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹737.

The bear case & risks

  • SPANDANA's P/E of 240.0x is lower than 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • SPANDANA's Piotroski F-Score of 1/8 ranks in the bottom 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹78.

SPANDANA volatility & expected range, how bumpy is the ride?

Over the last 6.9 years SPANDANA compounded at -17%/year with annualized volatility of 51%. That volatility implies a 1-year 80% range of ₹131-₹482, the honest backbone behind any single price target.

SPANDANA price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 6.9 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
2.4%
80% range₹131-₹482
P(price ↑)48%
P(price 2×)8%
3-Year Forecast
2029
₹0
Median (P50)
7.1%
80% range₹78-₹737
P(price ↑)46%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
11.6%
80% range₹52-₹994
P(price ↑)46%
P(price 2×)24%

SPANDANA price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
SPANDANA simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds SPANDANA hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the SPANDANA price target & forecast page.

SPANDANA Piotroski F-Score: 1/8, how financially strong is it?

1/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. SPANDANA scores 1/8, weak on the financial-strength checks.

SPANDANA MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy SPANDANA with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox37.42%2.7×
Zerodha37.36%2.7×
Groww37.58%2.7×
Dhan40.00%2.5×
Kotak Neo40.00%2.5×
Paytm Money38.70%2.6×
PocketfulCHEAPEST36.85%2.7×
Anand Rathi37.36%2.7×
Bajaj Broking45.00%2.2×
Share India37.53%2.7×

Compare every broker on the SPANDANA MTF page.

About Spandana Sphoorty Financial Limited: sector, index & market-cap context

Spandana Sphoorty Financial Limited (SPANDANA) is a small-cap NSE-listed company, with a market capitalisation of ₹2,064 Cr. See more stocks on our screener.

How the SPANDANA Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Spandana Sphoorty Financial Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

SPANDANA analysis, FAQs

Is Spandana Sphoorty Financial Limited (SPANDANA) a good buy?

On the numbers, Spandana Sphoorty Financial Limited (SPANDANA) high-risk on the numbers, a Downstox Snapshot Score of 25/100, weighing expensive at 240.0× earnings, ROE of -29.4%, a 48% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is SPANDANA overvalued or undervalued?

SPANDANA trades at 240.0× earnings, expensive versus the ~22× long-run Nifty average.

What is the SPANDANA share price target for 2031?

SPANDANA's probability-weighted 2031 median target is ₹228, with an 80% range of ₹52-₹994 (10,000-path Monte-Carlo).

What is the probability SPANDANA doubles in 5 years?

The modelled probability of SPANDANA reaching ₹516 (2×) within 5 years is 24%.

What is the bull case for SPANDANA?

Low price-to-book of 1.07×, the market is paying little over the company's net assets.

What are the risks in SPANDANA?

SPANDANA's P/E of 240.0x is lower than 4% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. SPANDANA's Piotroski F-Score of 1/8 ranks in the bottom 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

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