Sammaan Capital logo

Sammaan Capital

SAMMAANCAP NSE

Key Fundamentals

SmallcapHousing FinanceFinancial Services
Market Cap
₹17,143 Cr
Volatility
Moderate
P/E Ratio
-2.4
EBITDA
₹-3,102 Cr
Return on Equity
-8.28%
Debt to Equity
2.19
Book Value
₹163.53
EPS
₹25.15
52W High
₹192.95
52W Low
₹129

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Stock is trading at 0.90 times its book value

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.97% over past five years.
  • Company has a low return on equity of -2.06% over last 3 years.
  • Working capital days have increased from 73.3 days to 108 days

Growth Rate

Revenue Growth
-5.96% lower than 3Y
Net Income Growth
386% higher than 3Y
Cash Flow Change
—
ROE
-235% lower than 3Y
ROCE
-65.45% lower than 3Y
EBITDA Margin (Avg.)
-232% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Sammaan Capital Ltd trades at a market cap of ~₹17,980 Cr with a price-to-book ratio of 0.95x, indicating the stock is valued below its book value. The company has a negative trailing PE of -2.5 and a 3-year average ROE of -2%, reflecting recent losses, though TTM profit growth of 59% suggests a potential inflection point. Sales have contracted at -17% TTM and -2% over 3 years, while working capital days have expanded from 73 to 108 days.

Bull Case 7
  • Stock trades at 0.95x book value, offering a discount to its net asset base which is uncommon in the financial services sector
  • TTM compounded profit growth of 59% indicates a meaningful recovery in earnings trajectory after a period of losses
  • 1-year stock CAGR of 13% shows improving market sentiment and price recovery from recent lows
  • 10-year average ROE of 9% demonstrates the company has historically been capable of generating reasonable returns on equity during better cycles
  • Dividend yield of 1.28% indicates the company continues to return capital to shareholders despite recent profitability challenges
  • Market cap of ~₹17,980 Cr provides reasonable scale and liquidity for an NBFC/financial services company, reducing small-cap risk
  • The sharp profit recovery (59% TTM) combined with below-book valuation (0.95x PB) presents a potential re-rating setup if earnings normalize
Bear Case 8
  • Negative PE ratio of -2.5 confirms the company is currently loss-making on a trailing basis, raising questions about core profitability
  • 3-year average ROE of -2% and last year ROE of -3% show a sustained deterioration in shareholder returns
  • Sales have declined at -17% TTM and -2% CAGR over 3 years, indicating a shrinking revenue base rather than temporary weakness
  • 5-year compounded sales growth of -4% and poor 5-year sales growth of -3.97% reflect structural top-line challenges over a meaningful period
  • Working capital days have increased from 73.3 to 108 days, suggesting deteriorating asset quality or collection efficiency
  • Low interest coverage ratio flags potential stress in servicing debt obligations, a critical risk for a financial services company
  • 5-year stock CAGR of -5% and 10-year CAGR of -14% show significant long-term wealth destruction for shareholders
  • 5-year ROE averaging just 1% indicates that even over a medium-term horizon the company has barely generated positive returns on equity

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 4
  • Q1 profit drops 27% YoY Aug 19

    Net profit fell to ₹243.3 crore from ₹334 crore a year ago, while revenue declined 31.6% to ₹1,642 crore from ₹2,400 crore due to high operational restructuring costs.

  • SC orders CBI probe Aug 18

    Supreme Court directed CBI to investigate six ED allegations against Sammaan Capital, including fund misuse and a ₹1,574 crore deal, intensifying regulatory scrutiny on governance.

  • ₹1,850 crore additional ECL overlay Sep 7

    Company recognised an additional expected credit loss management overlay of ₹1,850 crore over model-generated provisions following an independent macroeconomic reassessment under Ind AS 109.

  • EGM adjourned for quorum failure Sep 10

    EGM on September 10 was adjourned after failing to meet the 75% quorum requirement for approving the NBFC demerger scheme, resuming after a 30-minute delay.

Positives 7
  • Board approves ₹25,000 cr fundraise Sep 7

    Board approved raising up to ₹25,000 crore via secured/unsecured NCDs or bonds through private placement in tranches over one year, subject to AGM approval on September 30, 2026.

  • Rating upgraded to BWR AAA Sep 7

    Brickwork Ratings upgraded Sammaan Capital's long-term credit rating to BWR AAA with Stable Outlook on August 26, reflecting enhanced institutional backing from IHC Group.

  • ₹1,800 cr NCD redemption on time Aug 27

    Completed full redemption of ₹1,800 crore secured NCDs and paid ₹1,418.67 crore in interest ahead of the due date, demonstrating strong liquidity management.

  • Wholesale book reduced significantly Sep 7

    Legacy wholesale book reduced to under ₹25,000 crore from a peak of ₹37,386 crore, aligning with the industry shift toward asset-light retail mortgage lending.

  • Consistent timely NCD interest payments Sep 9

    Made timely interest payments across multiple NCD series in August-September 2026, including ₹25,582.50 lac across two series and ₹502.30 lac on additional NCDs.

  • ₹92,000 cr disbursement target by FY30 Aug 17

    Company targets annual loan disbursements of up to ₹92,000 crore by FY29-FY30, with a nearer-term target of ₹30,000 crore for FY27 and expansion into digital personal loans.

  • Cost of funds drops to 10% Aug 19

    Achieved reduction in cost of funds to 10% with capital adequacy ratio at 20.1% and gross recoveries of ₹424 crore in Q1FY27.

Neutral 6
  • ₹775 cr NCD private placement Sep 11

    Allotted ₹775 crore in secured NCDs via private placement — ₹500 crore at 9.05% maturing Sep 2029 and ₹275 crore at 9.10% maturing Sep 2031.

  • $18m bond tender offer completed Aug 17

    Completed cash tender offer for $18 million of its 9.70% Senior Secured Social Bonds due 2027, reducing outstanding principal to $306 million.

  • IHC becomes controlling shareholder Sep 7

    IHC completed a total committed investment of ₹8,850 crore, becoming Sammaan Capital's promoter and controlling shareholder with an open offer completed in May.

  • Investor meet at Elara Dialogue Aug 28

    Scheduled physical investor meetings on September 2, 2026, as part of the ASHWAMEDH - Elara India Dialogue 2026 for one-on-one and group interactions.

  • Company denies ED allegations Aug 18

    Sammaan Capital denies any allegations and claims the ED views it as a victim, seeking to clarify its position in the ongoing regulatory matter.

  • COO exits board, stays in role Sep 7

    Sachin Chaudhary will retire as director at the AGM but continues as COO with no change in role or responsibilities. Shefali Shah reappointed as Independent Director for three years.

TL;DR: Sammaan Capital is navigating a significant transformation under new promoter IHC Group, achieving a BWR AAA rating upgrade and reducing its legacy wholesale book substantially. However, Q1FY27 earnings took a 27% hit from restructuring costs and a ₹1,850 crore additional ECL overlay, while a Supreme Court-directed CBI probe adds governance risk. The ₹25,000 crore fundraise approval and consistent debt servicing signal strong liquidity, but near-term profitability remains under pressure. The trend is cautiously improving if the company executes on its ₹30,000 crore FY27 disbursement target and the CBI probe does not escalate.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,900
2,227
2,143
2,205
2,207
2,422
2,017
2,107
2,400
2,251
2,158
1,358
1,652
Expenses
147
448
478
511
471
4,852
389
603
724
528
260
3,255
1
Financing Profit
400
429
353
402
426
-3,668
434
455
480
436
440
-3,576
315
Fin. Margin %
21%
19%
16%
18%
19%
-151%
22%
22%
20%
19%
20%
-263%
19%
Other Income
13
15
69
50
30
3
3
25
9
10
0
-6,496
31
Interest
1,354
1,350
1,312
1,291
1,309
1,238
1,194
1,050
1,196
1,286
1,458
1,679
1,335
Depreciation
19
23
23
21
19
20
20
25
21
21
21
25
20
PBT
394
422
399
431
437
-3,685
417
455
468
425
419
-10,097
326
Tax %
25%
29%
24%
26%
25%
-25%
28%
29%
29%
27%
25%
-20%
25%
Net Profit
294
298
303
319
327
-2,761
302
324
334
308
314
-8,101
243
EPS in Rs
4.16
4.14
4.1
4.32
4.42
-38.12
4.08
3.91
4.04
3.72
3.79
-69.92
2.09
Gross NPA %
2.87%
2.88%
2.85%
2.69%
2.68%
2.37%
—
1.3%
1.5%
1.4%
—
—
—
Net NPA %
1.69%
1.66%
1.71%
1.52%
1.52%
1.4%
—
0.8%
0.8%
0.8%
—
—
0.15%
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
7,243
9,221
11,628
14,952
17,020
13,219
9,998
8,988
8,719
8,579
8,676
8,166
7,418
Expenses
816
1,105
1,485
2,033
1,654
2,040
1,429
1,119
1,400
1,582
6,179
4,769
4,045
Financing Profit
2,482
3,145
3,733
4,909
5,640
2,667
1,630
1,628
1,683
1,690
-2,295
-2,221
-2,385
Fin. Margin %
34%
34%
32%
33%
33%
20%
16%
18%
19%
20%
-26%
-27%
-32%
Other Income
9
4
62
6
6
2
29
6
8
41
2
-6,475
-6,454
Interest
3,944
4,971
6,411
8,010
9,726
8,512
6,939
6,242
5,636
5,307
4,791
5,618
5,757
Depreciation
19
20
23
37
43
108
97
77
86
85
83
88
88
PBT
2,473
3,129
3,772
4,878
5,604
2,561
1,562
1,556
1,606
1,646
-2,376
-8,784
-8,927
Tax %
23%
25%
23%
21%
28%
15%
23%
24%
30%
26%
-24%
-19%
—
Net Profit
1,901
2,345
2,906
3,895
4,091
2,200
1,202
1,178
1,130
1,214
-1,807
-7,145
-7,236
EPS in Rs
35.65
37.11
45.71
60.88
63.8
34.3
17.33
16.76
15.97
16.44
-21.82
-61.66
-60.32
Div. Payout %
50%
81%
39%
45%
42%
59%
33%
0%
5%
9%
-9%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
71
84
85
85
85
84
89
89
90
113
163
229
Reserves
6,561
10,610
12,038
14,273
16,397
15,454
16,045
16,585
17,272
19,679
21,660
18,763
Borrowing
47,487
61,085
85,301
1,11,056
1,05,756
79,674
68,805
61,359
52,403
48,493
42,726
51,853
Other Liabilities
3,110
3,935
6,274
7,188
7,866
7,660
8,299
3,940
5,180
4,774
5,633
3,399
Total Liabilities
57,229
75,714
1,03,697
1,32,603
1,30,104
1,02,872
93,238
81,973
74,945
73,060
70,181
74,243
Fixed Assets
123
136
169
169
214
450
295
327
433
325
391
341
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
6,164
10,693
13,617
14,792
19,717
12,277
6,146
5,546
5,370
7,456
14,219
17,518
Other Assets
50,942
64,886
89,912
1,17,642
1,10,173
90,145
86,796
76,100
69,142
65,278
55,571
56,385
Total Assets
57,229
75,714
1,03,697
1,32,603
1,30,104
1,02,872
93,238
81,973
74,945
73,060
70,181
74,243
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-8,892
-11,643
-17,845
-25,024
21,206
19,331
7,088
657
4,001
140
8,772
-7,466
Investing
-2,093
-4,997
-2,107
368
-4,220
8,265
3,103
1,649
884
1,042
-5,578
-1,540
Financing
10,699
15,330
22,591
23,775
-7,335
-27,934
-10,632
-7,444
-9,142
-2,383
-2,373
14,684
Net Cash Flow
-286
-1,310
2,638
-881
9,650
-338
-440
-5,138
-4,257
-1,201
821
5,678
Free Cash Flow
-8,924
-11,574
-17,970
-25,004
21,117
19,297
7,060
638
3,957
85
8,727
-7,505
CFO/OP
-127
-133
-167
-185
147
177
83
16
63
2
351
-213
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
31%
27%
25%
29%
27%
14%
8%
7%
7%
7%
-9%
-3%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sammaan Capital insights

56 extracted metrics + investor summaries across FY10–FY27.

Log in — free

Shareholding Pattern

Public28.65%Promot.28.34%DIIs7.99%Others15.42%FIIs19.60%As ofJun 2026

Documents

Frequently Asked Questions about Sammaan Capital

What does Sammaan Capital Ltd do?
Indiabulls Housing Finance Ltd, incorporated in 2005, is registered with and regulated by National Housing Bank (NHB) and is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction ...
Where is Sammaan Capital Ltd (SAMMAANCAP) listed?
Sammaan Capital Ltd trades as SAMMAANCAP on the NSE and under code 535789 on the BSE.
Which sector does Sammaan Capital Ltd belong to?
Sammaan Capital Ltd is classified under the Financial Services sector, in the Finance industry.
What is the market capitalisation of Sammaan Capital Ltd?
Sammaan Capital Ltd has a market capitalisation of ₹17,143 Cr, which places it in the Mid Cap band.
What is the PE ratio of Sammaan Capital Ltd?
Sammaan Capital Ltd trades at a PE ratio of -2.40, on earnings per share of ₹25.15, against a book value of ₹163.53 per share.
What is the 52-week high and low of Sammaan Capital Ltd?
Over the last 52 weeks Sammaan Capital Ltd has traded between ₹129 and ₹192.95.
Does Sammaan Capital Ltd pay dividends?
Sammaan Capital Ltd has a dividend yield of 1.34%.
What is the Return on Equity (ROE) of Sammaan Capital Ltd?
Sammaan Capital Ltd reported a return on equity of -8.28%. Its debt-to-equity ratio is 2.19.

Company Information

Indiabulls Housing Finance Ltd, incorporated in 2005, is registered with and regulated by National Housing Bank (NHB) and is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction finance. [1]

Website sammaancapital.com
Listed 2013-07-23
Face Value ₹ 2
Issued Size 82,83,62,949

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SAMMAANCAP.md for Sammaan Capital Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List