Sammaan Capital Limited has informed the Exchange about Transcript
SAMMAANCAP · price
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Sammaan Capital reported its first earnings since IHC (International Holding Company) acquired a strategic stake, completing the transaction on March 31, 2026. IHC now owns 28.5% equity (will reach 43.5% after warrant conversion within 18 months) from a USD 1 billion investment commitment. Approximately INR5,652 crores has been received so far, with INR3,200 crores pending on warrant conversion. All three domestic rating agencies (CRISIL, CARE, ICRA) upgraded the company within 50 days of the investment, achieving a consensus AA+ rating. The company targets INR30,000 crores disbursements and INR1,400 crores PAT for FY27, with NIM expected to expand from 3.5% to 8% as cost of funds declines by 150 bps over 3 years. Cost-to-income ratio is targeted to fall from 50% to 26% by FY30, with ROA doubling year-on-year to reach 4.4%. The company plans to grow AUM to INR2 lakh crores by FY30 through 1,600 branches and 20,000 employees, with 60% secured and 20% unsecured lending mix.
The IHC investment provides strong institutional backing, enabling rating upgrades that will lower borrowing costs and support ambitious growth targets. The company's zero NPA opening book and proven asset-light model position it for profitable expansion, though execution risk remains given competitive NBFC landscape.