Sammaan Capital: Aiming for the Top 3 NBFC Spot with ₹1.3 Lakh Cr AUM by FY29

Sammaan Capital, a Small-cap NBFC engaged in providing housing finance and other lending services, is making waves in the financial sector with its ambitious goals. The company, primarily offering home loans, loans against property, and MSME-related finance, has set its sights on becoming one of India’s top three NBFCs by the financial year 2029.

With a market capitalization of Rs. 12,119.25 crore, Sammaan Capital’s shares were trading at Rs. 146.25 per equity share, down nearly 0.27 percent from the previous day’s close price of Rs. 146.65. The company, led by Gagan Banga, has outlined a strategic plan to achieve significant growth and profitability.

What is the News?

Sammaan Capital has set an ambitious goal to become one of India’s top three NBFCs by FY29. The company aims to achieve assets under management (AUM) of about Rs. 1.3 lakh crore and a return on equity (RoE) of 18-19 percent. This focus on growth and profitability is backed by a $1 billion investment from International Holding Company PJSC (IHC), which will acquire a 41.5 percent stake and become the promoter.

The partnership with IHC is expected to enhance the company’s financial strength and provide capital for expansion. IHC may also increase its stake or deploy more funds for business growth in the future. In the short term, Sammaan Capital anticipates a reduction of around 200 basis points in its cost of funds over the next 6 to 12 months, which will help improve profitability.

AUM and Business Highlights

Sammaan Capital demonstrated steady financial performance in Q3FY26 compared to Q3FY25. The company’s net worth increased from Rs. 20,331 crore to Rs. 22,423 crore, reflecting stronger financial stability. Its AUM also rose significantly from Rs. 34,952 crore to Rs. 44,038 crore, indicating expansion in its core business and improved asset base.

Legacy loans reduced from Rs. 26,995 crore to Rs. 20,162 crore, showing better asset quality and a focus on newer lending. The total AUM increased from Rs. 61,947 crore to Rs. 64,200 crore, highlighting overall growth and improved portfolio strength.

Branch Network

Sammaan Capital has a robust distribution network with 218 branches across various locations. The network is supported by a large in-house sales team of 1,956 members, including 1,300 feet-on-street staff, and more than 8,000 empanelled vendors. The branch network includes head offices, service centers, main branches, service branches, and semi-urban outlets, ensuring wide reach and customer accessibility.

Key Financial Metrics

Sammaan Capital showed a slight improvement in profitability during Q3FY26. The Net Interest Margin (NIM) increased from 5.2 percent to 5.3 percent, indicating better earnings from its lending activities. This reflects efficient management of interest income and expenses.

On the asset quality side, Gross Non-Performing Assets (GNPA) rose slightly from 1.1 percent to 1.2 percent, while Net Non-Performing Assets (NNPA) remained stable at 0.7 percent. This means that while there was a small increase in stressed assets, overall loan quality stayed largely under control.

Company Overview

Sammaan Capital Limited is an Indian non-banking financial company (NBFC) focused on housing finance for underserved and low-income borrowers. It operates primarily in India’s affordable housing segment, providing small-ticket home loans and related credit services to individuals traditionally excluded from formal banking systems.

Recent Quarter Results

Sammaan Capital Limited’s revenue increased from Rs. 2,017 crore in Q3 FY25 to Rs. 2,158 crore in Q3 FY26, growing by 6.99 percent. The net profit also grew by 3.97 percent from Rs. 302 crore in Q3 FY25 to Rs. 314 crore in Q3 FY26. In terms of return ratios, the company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 3.65 percent and -8.66 percent, respectively. Sammaan Capital Limited has an earnings per share (EPS) of Rs. 15.5, and its debt-to-equity ratio is 2.04x.

Overall, Sammaan Capital remains confident of strong growth, stable asset quality, and better financial performance in the coming years. The partnership with IHC and the company’s strategic focus on expansion and profitability position it well to achieve its ambitious goals.