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Sammaan Capital Ltd.

SAMMAANCAPFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

17 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 17 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202205262022-03-31yes
TRANSCRIPT202205302022-03-31yes
TRANSCRIPT202211172022-09-30yes
TRANSCRIPT202302172022-12-31yes
TRANSCRIPT202305252023-03-31yes
TRANSCRIPT202308172023-06-30yes
TRANSCRIPT202311172023-09-30yes
TRANSCRIPT202402202023-12-31yes
TRANSCRIPT202405292024-03-31yes
TRANSCRIPT202408202024-06-30yes
TRANSCRIPT202411182024-09-30yes
TRANSCRIPT202502142024-12-31yes
TRANSCRIPT202505202025-03-31yes
TRANSCRIPT202508192025-06-30yes
TRANSCRIPT202511032025-09-30yes
TRANSCRIPT202602102025-12-31yes
TRANSCRIPT202608192026-06-30yes

SAMMAANCAP

files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionnbfc
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close140.55
52-week range130.0 – 189.93
Return 1M-6.28%
Return 3M-17.23%
Return 1Y3.88%
Return 3Y-25.34%
Return 5Y-37.77%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations1,652.00
Other income31.00
Total income1,683.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense177.00
Finance costs1,335.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.28—
institutions foreign0.20-0.27
institutions domestic0.08-0.05
mutual funds0.04-0.04
public0.70-0.28

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3017

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations2,230.002,339.002,075.001,900.002,227.002,143.002,205.002,207.002,422.002,017.002,107.002,400.002,251.002,158.001,358.001,652.00
Other income2.001.002.0015.0015.0069.0051.0030.003.003.0025.009.0010.000.004.0031.00
Total income2,231.002,340.002,077.001,916.002,242.002,212.002,255.002,236.002,425.002,019.002,132.002,409.002,261.002,158.001,361.001,683.00
Cost of materials consumed0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee benefit expense138.00200.00105.00167.00151.00152.00150.00153.00204.00180.00201.00184.00202.00103.00184.00177.00
Finance costs1,410.001,389.001,342.001,354.001,350.001,312.001,291.001,309.001,238.001,194.001,050.001,196.001,286.001,458.001,679.001,335.00
Depreciation and amortisation23.0023.0022.0019.0023.0023.0021.0019.0020.0020.0025.0021.0021.0021.0025.0020.00
Other expenses42.0056.0071.0040.0040.0045.0072.0059.00135.0072.00112.0074.0098.00182.00113.0065.00
Total expenses1,838.001,935.001,657.001,519.001,821.001,813.001,823.001,799.006,110.001,602.001,677.001,941.001,835.001,739.004,959.001,357.00
Profit before exceptional items and tax393.00405.00420.00396.00422.00399.00432.00437.00-3,685.00417.00455.00468.00425.00419.00-3,597.00326.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.000.00-6,499.000.00
Profit before tax393.00405.00420.00396.00422.00399.00432.00437.00-3,685.00417.00455.00468.00425.00419.00-10,097.00326.00
Current tax37.0019.0075.0040.0042.004.0036.00-3.00-7.001.00-1.005.006.00-2.00-4.004.00
Deferred tax67.0095.0084.0060.0081.0092.0076.00113.00-917.00113.00132.00128.00111.00107.00-1,992.0079.00
Tax expense103.00114.00160.00100.00124.0096.00112.00110.00-924.00115.00131.00134.00117.00105.00-1,995.0083.00
Profit for the period289.00291.00263.00294.00298.00303.00319.00327.00-2,761.00302.00324.00334.00308.00314.00-8,101.00243.00
Profit attributable to owners289.00291.00263.00294.00298.00303.00319.00327.00-2,761.00302.00324.00334.00308.00314.00-8,101.00243.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Other comprehensive income-77.0013.00-180.00-97.00289.0011.00116.0087.00201.00-11.00-130.00-102.00-113.00-219.00-943.00-101.00
Total comprehensive income212.00304.0083.00197.00587.00313.00435.00414.00-2,560.00291.00194.00233.00195.0095.00-9,044.00142.00
Earnings per share, basic6.456.495.856.566.546.375.705.43-44.234.174.114.103.793.86-99.102.13
Earnings per share, diluted6.416.425.816.536.446.295.675.41-44.124.164.104.103.793.84-99.102.05
Interest earned2,126.001,878.001,693.001,818.00—1,662.001,573.001,689.00—1,890.001,495.001,564.001,449.001,500.001,105.001,078.00
Fees and commission income26.0050.0043.0023.00—25.0058.0029.00—27.0039.0062.0041.0059.0030.0059.00
Net gain on fair value changes33.0062.00301.0037.00—430.00549.0041.00—0.00382.0042.00292.00519.00117.00491.00
Dividend income0.000.000.000.00—0.000.000.00—0.000.000.000.000.000.000.00
Rental income0.000.000.000.00—0.000.000.00—0.000.000.000.000.000.000.00

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations13,216.009,927.008,983.008,719.008,475.008,623.008,166.00
Other income7.00103.0011.007.00150.0060.0024.00
Total income13,223.0010,030.008,994.008,726.008,625.008,683.008,190.00
Cost of materials consumed0.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.00
Employee benefit expense605.00253.00468.00515.00619.00738.00673.00
Finance costs8,512.006,939.006,242.005,636.005,307.004,791.005,618.00
Depreciation and amortisation108.0097.0077.0086.0085.0083.0088.00
Other expenses255.00223.00187.00219.00197.00377.00468.00
Total expenses10,662.008,468.007,438.007,122.006,976.0011,059.0010,475.00
Profit before exceptional items and tax2,561.001,562.001,556.001,604.001,649.00-2,376.00-2,285.00
Exceptional items0.000.000.000.000.000.00-6,499.00
Profit before tax2,561.001,562.001,556.001,604.001,649.00-2,376.00-8,784.00
Current tax371.0063.0062.00180.00123.00-9.005.00
Deferred tax24.00297.00316.00296.00309.00-559.00-1,645.00
Tax expense395.00360.00378.00476.00432.00-568.00-1,640.00
Profit for the period2,200.001,202.001,178.001,130.001,214.00-1,807.00-7,145.00
Profit attributable to owners2,200.001,202.001,178.001,130.001,214.00-1,807.00-7,145.00
Profit attributable to non-controlling interests0.000.000.000.000.000.000.00
Other comprehensive income-365.00-702.00120.0011.00318.00147.00-1,377.00
Total comprehensive income1,835.00500.001,298.001,140.001,533.00-1,660.00-8,521.00
Earnings per share, basic51.7027.7226.4225.1923.78-26.70-87.72
Earnings per share, diluted51.6927.7226.3425.0523.53-26.70-87.72
Interest earned11,549.009,722.008,583.007,676.006,784.007,180.005,587.00
Fees and commission income352.0094.0081.00158.00142.00126.00193.00
Net gain on fair value changes0.000.00173.00412.001,452.00536.00969.00
Dividend income863.000.000.000.000.000.000.00
Rental income0.000.000.000.000.000.000.00

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets75,812.0074,945.0072,908.0073,066.0070,585.0070,181.0071,137.0074,243.00
Property, plant and equipment71.0078.0091.00101.0097.0091.0093.00100.00
Capital work-in-progress0.000.000.000.000.000.000.000.00
Goodwill58.0058.0058.000.000.000.000.000.00
Other intangible assets28.0028.0025.0028.0029.0034.0035.0023.00
Inventories0.000.000.000.000.000.000.000.00
Cash and cash equivalents3,942.003,698.005,024.002,814.004,651.003,350.002,489.009,027.00
Total equity and liabilities75,812.0074,945.0072,908.0073,066.0070,585.0070,181.0071,137.0074,243.00
Equity16,928.0017,361.0018,428.0019,792.0019,979.0021,822.0022,373.0018,991.00
Equity share capital90.0090.0094.00113.00145.00163.00163.00229.00
Other equity16,838.0017,272.0018,334.0019,679.0019,834.0021,660.0022,210.0018,763.00
Total liabilities58,884.00—54,480.00—50,606.0048,359.0048,764.0055,252.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities4,078.004,001.003,776.00-123.002,276.008,772.00-2,681.00-7,466.00
Net cash from investing activities-1,653.00884.001,289.001,590.00-123.00-5,578.00-987.00-1,540.00
Net cash from financing activities-6,470.00-9,142.00-3,771.00-2,383.00-316.00-2,373.002,807.0014,684.00
Purchase of property, plant and equipment23.0049.0028.0059.0019.0049.0030.0053.00
Net increase in cash-4,045.00-4,257.001,295.00-916.001,837.00821.00-860.005,678.00
con:CFO.BEFORE_TAX4,414.003,437.003,981.00-3,189.00977.005,729.00-3,138.00-8,455.00
con:INTEREST_RECEIVED.OPERATING3,836.006,983.002,914.008,101.003,691.007,714.002,979.005,387.00
con:INTEREST_PAID.OPERATING3,898.005,841.002,885.005,331.002,391.005,012.002,371.004,159.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING273.00578.00234.00-295.001.00-341.00151.00239.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS4.006.001.003.002.004.0011.0013.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-12-312024-02-152024-03-312024-06-302024-08-292024-09-302024-12-312025-01-272025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group0.000.000.000.000.000.000.000.000.00————0.28
Domestic institutions8.556.607.256.836.736.496.716.725.915.960.170.140.130.08
Mutual funds—————————0.420.110.080.080.04
Insurance companies8.085.345.785.765.675.415.304.744.754.750.050.050.030.03
Foreign institutions23.4220.4119.3319.1419.8919.7719.5327.4124.6924.400.190.250.460.20
Government—————————0.000.000.000.000.00
Public98.2998.2998.2998.3098.3098.3198.3198.4898.0998.090.980.980.990.70
Non-institutional66.3371.2971.7172.3471.6972.0572.0664.3567.4967.730.620.590.400.43
Shares outstanding49245302949245302949245302949603206472999721373245511174170326482836993082836993082836993082836993082867054711586706581161543631

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Sammaan Finserve Limited (Formerly Indiabulls Commercial CreSubsidiary CompanyAny other transaction, Interest received, Loan23,777,400,000.0014
Pragati Employees Welfare TrustSubsidiary CompanyAny other transaction, Interest received, Loan1,439,800,000.005
Sammaan Capital Limited (Formerly Indiabulls Housing FinanceHolding CompanyInterest received, Loan946,200,000.0010
Sammaan Collection Agency Limited (Formerly Indiabulls ColleSubsidiary CompanyAny other transaction, Interest received, Loan189,000,000.005
Gagan BangaVice Chairman/ Managing Director &Remuneration99,600,000.002
Mukesh Kumar GargChief Financial OfficerRemuneration31,100,000.002
Sachin ChaudharyExecutive DirectorRemuneration26,500,000.002
Rajiv GandhiManaging Director & CEORemuneration18,300,000.002
Ambar MaheshwariWhole Time Director & CEORemuneration17,500,000.002
Ashish Kumar JainChief Financial OfficerRemuneration7,000,000.002
Subhash Sheoratan MundraNon Executive Chairman, IndependenRemuneration5,300,000.001
Amit JainCompany SecretaryRemuneration4,300,000.002
Gorinka Jaganmohan RaoIndependent DirectorRemuneration3,600,000.001
Ajit Kumar SinghCompany SecretaryRemuneration3,000,000.002
Satish Chand MathurIndependent DirectorRemuneration600,000.002

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-19Q1FY27LIMITEDRead the call
2026-02-10Q3FY26Read the call
2025-11-03Q2FY26LIMITEDRead the call
2025-08-19Q1FY26Read the call
2025-05-20Q4FY25Read the call
2025-02-14Q3FY25Read the call
2024-11-18Q2FY25Read the call
2024-08-20Q1FY25SAMMAAN CAPITAL LIMITEDRead the call
2024-05-29Q4FY24CHIEF EXECUTIVE OFFICER, ICCL, FINANCE LIMITEDRead the call
2024-02-20Q3FY24FINANCE LIMITEDRead the call
2023-11-17Q2FY24Read the call
2023-08-17Q1FY24ANALYTICS, INDIABULLS HOUSING FINANCE, CHIEF, DIRECTOR,, FINANCE, INDIABULLS HOUSING FINANRead the call
2023-05-25Q4FY23Read the call
2023-02-17Q3FY23FINANCE LIMITED, HOUSING FINANCE LIMITED, INDIABULLS HOUSING FINANCE LIMITED, LIMITEDRead the call
2022-11-17Q2FY23HOUSING FINANCE, INDIABULLS HOUSING FINANCE, OFFICER, INDIABULLS HOUSING FINANCERead the call
2022-05-30Q4FY22Read the call
2022-05-26Q4FY22ASHWIN, HEAD, HOUSING FINANCE, INDIABULLS HOUSING FINANCERead the call

What they said about it, quarter by quarter

TopicQ3FY23Q3FY24Q3FY25Q3FY26Q4FY22Q4FY23Q4FY24Q4FY25
Capex————————
Capital allocationAnd at the same point in time, if we get a chance, we would certainly like to give a dividend.——And how are we planning to use, say, profits because in one of the earlier conference call, you did mention that we have a good dividend payout ratio …On top of that, this year, we have also not proposed any dividend in the backdrop of the RBI circular which disallows dividend distribution if a compa…We are now technically able to give dividends even for FY2023 but it is a matter that has to be first is a technical qualification then the matter has…So this also assumes a healthy rate of dividend payout from the earnings as the scale of the company and the stability of the company has now been ach…So dividend, we will discuss with the Board and propose a small dividend this year and hopefully a larger dividend next year.
Costs————————
Debt and cashFebruary 14, 2023 - The safety that we have been able to trying to build in has resulted in the net debt to equity, which has now declined to only 2.3…That has nothing to do with the cash flow of it.——————
Demand————The biggest needle mover is how we do on co-lending on which I have spoken enough in terms of how that model has scaled up and the fact that we alread…———
GuidanceThere, again, we have done a last-mile financing transaction with a fund, which over the next 2 years, we expect that the funds facility,I don't wish to, at this stage, give a guidance on credit costs because we are in the midst of taking this decision.As for the other question around NPAs and credit costs, etcetera, our guidance for the credit cost on a total AUM basis has been detailed at 80 to 100…One would be, could you give any projections or any guidance for the next 2, 3 years on the lines of the revenue and the cost of credit?We expect the approval to be received by the end of this month and again aim to start disbursing within H1 fiscal FY2023. We are also in the process o…The ₹ 10,000 Crores of write-offs and NPAs that we took we expect that through the cycle over the next further three years or so the total recovery wi…And sir, my last question, just the growth guidance, you have broadly indicated the path for next 3 years, how we are going to grow in terms of broade…So if your question is do we expect in the near term, any near to medium term, any dip from capital, no, that is not the expectation.
Margin————————
People—So that's the general utilization of the liquidity that we shall receive.——————
Pricing————So the mandate given by the risk management committee to the team is we have set ground rules as part of the risk management committee, we have set cr…The wholesale piece where we are not incrementally doing a lot of business, we are doing only a little business through the AIF there typically the de…—And so PTCs in due course of time would also emerge as a very interesting option because just because of the pricing advantage that instrument would h…
Revenue growth—And therefore, year-on- year, it would show a growth of a couple of hundred crores since we've dipped in to the tune of about INR700 crores.——The AUM growth of 10% which I have mentioned is despite the reduction of 20% in the legacy book.———

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEWe have also successfully fully integrated the co-lending technology platform with two of our partner banks and are on track to complete tech integration with all of our co-lending partners within H1 of fiscal FY2023. Overall, we aim to disburse roughly Rs.15,000 Crores of retail loans in fiscal FY2023 and Rs.20,000 Crores of retail loans in fiscal FY2024 through co-lending and sell down.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEWe expect the approval to be received by the end of this month and again aim to start disbursing within H1 fiscal FY2023. We are also in the process of filing a third AIF fund with again a capacity of Rs.5,000 Crores within May itself.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEWe are on track to reduce it further by 20% by the end of the calendar from March 2022 level.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEAs we move forward, we expect our gross NPAs to remain in the range of 3% to 3.5% for some time.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEFor fiscal FY2023 we expect credit costs to remain between 100 to 150 basis points.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEI believe we are now at about the end of this transformation and thus I would like to lay out today very finite goals for fiscal FY2023 and FY2024. We expect AUM to grow in fiscal FY2023 by 10% and fiscal FY2024 by 15%.
2022-05-26Q4FY22INDIABULLS HOUSING FINANCEGiven all of these considerations, I have confidence that we should be able to grow our AUM by 10% this year and that is the other area of emphasis and focus that we have as management.
2022-11-17Q2FY23INDIABULLS HOUSING FINANCENovember 14,2022 I will now quickly cover the headline numbers for quarter; The balance sheet, loan book and AUM has stabilized as I had been promising you for the last three quarters and now I think we formed a base as you may have read from our earnings update, the balance sheet has marginally grown the AUM and loan book has stabilized and I believe in the second half of this year we should be able to record conservatively at 10%, optimistically at 15% AUM growth.
2022-11-17Q2FY23INDIABULLS HOUSING FINANCEVery, very important over the last 7 quarters I had been consistently communicating that we should be able to hold our gross NPA range at between 3% to 3.5% and today at the end of first half of fiscal 23 we stand at 2.94%.
2022-11-17Q2FY23INDIABULLS HOUSING FINANCEFor this year I had communicated that we expect our credit cost to be between 100 to 150 basis points, we are trending that and as I had said earlier if after this crisis in the last quarters, if one is to believe me then our credit cost should come down at half of these levels next year onwards.
2022-11-17Q2FY23INDIABULLS HOUSING FINANCESo, we are trending extremely well basis the real estate cycle and I assume that this is the numbers that come in front of me we should be down in another 30% by the end of this fiscal year.
2023-02-17Q3FY23INDIABULLS HOUSING FINANCE LIMITEDOver the course of the next 2 to 3 years, we expect at least 50% recovery to come through in terms of cash collections.