Housing Finance / Non-Banking Financial Company (NBFC)
Strategic Profile
Sammaan Capital proposed a merger with subsidiary Sammaan Finserve to consolidate lending and distribution for a full suite of mortgage-backed loans. The company continues an asset-light strategy with tech emphasis. Total Assets Under Management stood at Rs 62,346 crore, with Growth AUM rising to over Rs 37,000 crore, forming approximately 60% of the overall portfolio in FY 2025.
Cyborg Score Rationale
Net worth rose by INR 2,000 crore year-over-year to INR 22,423 crore with AUM at INR 44,000 crore. Gross NPA improved to 1.2% and net NPA to 0.7%. However, the company has delivered poor sales growth of -8.08% over the past five years.
Top Insights
Largest mortgage-focused NBFC in India with 62,000+ crore AUM and improving credit metrics
Proposed strategic merger with subsidiary to consolidate operations and expand product offerings
Net profit growth of 3.3% YoY in Q3 FY26 to ₹314 crore, though revenue growth slowed to 7.5%
Valuation discount: P/E ratio 9.73x vs peer median 13.71x; P/B ratio 0.55x vs peer median 2.03x
Named Competitors
Housing Finance Services — Integrated banking and mortgage services
Housing Finance Services — Large-scale mortgage and lending platform
Housing Finance Services — Diversified mortgage and credit offerings
Recent Developments
(February 2026) Q3 FY26 earnings highlighted strong net worth growth and improved NPA metrics
(February 2026) Open offer launched by Avenir Investment and IHC Capital for 26% equity stake
(January 2026) Issued ₹115 crore in secured debentures with 9.1% fixed annual interest maturing in 2036
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