In , Sammaan Capital Ltd (Finance - Housing) is outperforming Nifty 500 with +8.0% relative strength. Fundamentals: Very Weak. On a 4-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Apr 18, 2026
What: Investment Amount: ₹8,850 Cr
Impact: 41.2% stake
“Post the announcement of the proposed preferential allotment to IHC, this was the next logical step. The consolidation of our lending business and distribution.”
What: Cost of Funds Reduction: 270 bps
Impact: Significant PAT impact
“the stock of borrowing should be down by a cost of about 270 basis points. That's what the goal is that by the end of March '27.”
What: Net Recoveries: ₹4,500 Cr
Impact: Cash recovery
“out of all the write-offs, recovery and provisions that we have done... we will recover, give or take, INR4,500 crores.”
What: 9-month PAT of ₹957 Cr
“So the consolidated loss 9 months was INR2,132 crores versus that, we have a net profit of INR957 crores.”
Earnings deceleration risks from management commentary
Trigger: Allegations against the erstwhile promoter; however, CBI and RBI have found no major violations.
Impact: PAT impact: null
Management view: Company has no principal exposure to these loans; IHC is fully aware and has done due diligence.
Monitor: litigation
Trigger: Standard regulatory process for change in control in an NBFC.
Impact: PAT impact: null
Management view: Management is optimistic given their status as an upper-layer NBFC and IHC's reputation.
Monitor: regulatory
Key quotes from recent conference calls
“by the end of this year, we should be looking at about INR15,000-odd crores, which is another INR7,000-odd crores of reduction from here. [Previous Legacy Book Reduction guidance]”
“The consolidation of our lending business and distribution will enable Sammaan Capital to offer a full suite of mortgage-backed loans. [Initiative: Merger of Sammaan Finserve]”
“The matter is sub judice... the regulators and statutory bodies had examined the allegations, found no major violations. [Risk (litigation): MEDIUM]”
“We await RBI approval for the preferential allotment and SEBI approval for the open offer. [Risk (regulatory): LOW]”
Headline numbers from the latest earnings call
PAT
₹314 Cr
Why: Stable performance and asset quality maintenance during the transition phase.
PAT showed marginal growth as the company manages the rundown of its legacy book.
Other Highlights
• 9-month PAT reached ₹957 Cr compared to a consolidated loss in the previous year.
• Net worth increased by approximately ₹2,000 Cr year-on-year to ₹22,423 Cr.
• Legacy loan book rundown continued with ₹5,000 Cr net collections this year.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Growth AUM
₹44,000 Cr
Why: Focus on retail mortgage loans and asset-light strategy.
Gross NPA Ratio
1.2%
Why: Stable asset quality across the portfolio.
Net NPA Ratio
0.7%
Why: Consistent provisioning and recovery efforts.
Gearing Ratio
2.2x
Why: Stable leverage maintained during the transition.
Incremental Cost of Borrowing
9.0%
Why: Recent large dollar and domestic bond issuances.
Net Worth
₹22,423 Cr
Why: Internal accruals and capital management.
YTD Net Collections
₹5,000 Cr
Why: Orderly rundown of the legacy loan book.
AIF Platform AUM
₹6,200 Cr
Why: Established track record in wholesale lending.
Forward-looking targets from management
REAFFIRMED
Guidance Changes
Cost of Funds: 8.5% to 9% handle → Below 8% handle
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | -35% | -2% | Inflection Down |
| PAT (Net Profit) | -2600% | -50% | Inflection Down |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Sammaan Capital Ltd's latest quarterly results (Mar 2026) show
Sammaan Capital Ltd's profit is declining with an inflecting downward trend.
Sammaan Capital Ltd's revenue growth trend is inflecting downward.
Sammaan Capital Ltd's asset quality trend is insufficient_data.
Sammaan Capital Ltd's long-term compounding rates
Sammaan Capital Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
Sammaan Capital Ltd's trailing twelve month (TTM) performance
Sammaan Capital Ltd's price-to-book ratio is 1.0x.
Sammaan Capital Ltd is rated Very Weak with a fundamental score of 5/100. This score is calculated from objective financial metrics
Sammaan Capital Ltd has a debt-to-equity ratio of N/A.
Sammaan Capital Ltd's return ratios over recent years
Sammaan Capital Ltd's operating cash flow is negative (FY2026).
Sammaan Capital Ltd currently does not pay a significant dividend (yield 0.00%).
Sammaan Capital Ltd's shareholding pattern (Mar 2026)
Sammaan Capital Ltd's promoter holding is 0.0%.
Sammaan Capital Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
Sammaan Capital Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.
Sammaan Capital Ltd has 4 key growth catalysts identified from recent earnings analysis
Sammaan Capital Ltd has 2 key risks worth monitoring
In Q3 FY26, Sammaan Capital Ltd's management highlighted
Sammaan Capital Ltd's management has provided the following forward guidance
Sammaan Capital Ltd's most important sub-sector-specific KPIs from the latest concall
Based on quantitative research signals, here is why Sammaan Capital Ltd may be worth studying
Sammaan Capital Ltd investment thesis summary:
Sammaan Capital Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
