Sammaan Capital Limited is recognized as India's largest mortgage-focused Non-Banking Financial Company (NBFC). Incorporated in May 2005, the company operates under the regulation of the Reserve Bank of India (RBI). Leveraging an extensive network and pioneering digital platforms, SCL has established itself as a prominent player, offering quick, convenient, and competitively priced home loans primarily within the affordable housing segment across India.
The company operates a nationwide network comprising over 200 branches and 8,500+ channel partners. Its core offerings are targeted at the affordable housing segment, providing home loans with:
- Loan Amounts: Ranging from ₹15-30 lakh.
- Interest Rates: Between 9.75% and 11.50%.
- Average Tenure: 15 years.
- Customer Base: Available to salaried and self-employed individuals.
In addition to traditional home loans, the company is engaged in providing:
- Loan Against Property (LAP)
- Corporate Mortgage Loan - Lease Rental Discounting
- Residential Construction Finance
- Loans to MSMEs/small businesses for working capital or business expansion requirements.
The company's financial performance in recent periods has been mixed.
| Metric | Q4 FY25 (₹ Cr) | Q4 FY24 (₹ Cr) | YoY Growth | Sequential Growth (QoQ) |
| :------------- | :------------- | :------------- | :--------- | :---------------------- |
| Net Profit | 324.04 | 319.45 | 1.44% | 7.14% |
| Revenue | 2,132.45 | 2,254.85 | -5.44% | 5.61% |
Full Year Performance (FY 2025):
- Net Loss: ₹1,807.46 crore (as against a net profit of ₹1,214.39 crore in FY 2024).
- Sales: Rose 1.75% to ₹8,623.33 crore (compared to ₹8,474.87 crore in FY 2024).
The company's market capitalization stood at ₹11,089.13 crore as of July 4, 2025.
| Metric | Value |
| :------------------------------------ | :------------ |
| Market Capitalization | ₹10,284 crore |
| 52-Week High Share Price | ₹183.55 |
| 52-Week Low Share Price | ₹97.80 |
| P/E (Price-to-Earnings) Ratio | -6.14 |
| Book Value | ₹263 |
| ROE (Return on Equity) | -8.69 % |
| ROCE (Return on Capital Employed) | 3.64 % |
The company has taken several steps to strengthen its funding and balance sheet:
- Rights Issue: Completed a Rights Issue of ₹3,693 crore in FY24.
- Foreign Borrowings: Issued dollar bonds worth $35 crore, leading to the repayment of $3.2 billion of foreign borrowings.
- Debt Instruments: Allotted 20,000 Secured, Rated, Listed, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of ₹1 lakh each, aggregating to ₹200 crore, on a private placement basis on January 14, 2025.
- Regulatory Compliance: Timely paid interest on secured and unsecured debentures totaling over INR 10,000 lacs in June 2025.
Sammaan Capital is strategically positioning itself for significant growth through a multi-pronged approach:
- Capital Structure: Bolstered by a robust capital structure following the rights issue.
- Asset-Light Model: Shifting towards an asset-light model, emphasizing co-lending and direct assignments to optimize resource utilization.
- Operational Enhancements: Driving efficiency and improving customer service through a new leadership team and technology transformation initiatives.
- Revenue Diversification: Focusing on diversifying revenue streams to stabilize financial performance.
- Low Interest Coverage Ratio: The company currently has a low interest coverage ratio.
- Sales Growth: Delivered poor sales growth of -8.19% over the past five years.
- Legacy Loans: Faces challenges related to legacy loans.
Despite challenges, a commitment to proactive credit cost management and improving asset quality reflects a strong underlying financial health. Market sentiment remains optimistic, with expectations for increased Assets Under Management (AUM) and favorable borrowing conditions, positioning the company well for future profitability and shareholder returns.
Sammaan Capital is a notable stock in the Indian equity markets, listed on:
- BSE: 535789
- NSE: SAMMAANCAP
It is also part of multiple indices, including: BSE 500, Nifty 500, BSE SmallCap, BSE Allcap, BSE Financial Services, Nifty MidSmallcap 400, Nifty Smallcap 250, and Nifty Total Market, among others.
The company continues to focus on its core housing finance business while adapting to evolving market and regulatory landscapes. Investors should carefully consider the company's strategic opportunities alongside its financial and operational challenges.
