Sammaan Capital Limited (formerly Indiabulls Housing Finance) is a leading housing finance company in India, offering home loans, loans against property, lease rental discounting, and construction finance. As of January 2026, the company is trading at a deep discount to book value (P/B: 0.5x) with a modest P/E of 10.06x, but faces challenges including declining profit growth (-4.76%), low ROE (4.66%), and zero promoter holding. While its asset quality has improved post-restructuring, the lack of promoter skin-in-the-game and muted earnings momentum make it a high-risk proposition. This article provides a realistic outlook on the Sammaan Capital share price target 2026–2030.
Sammaan Capital: Company Overview
- Incorporated: 2005
- Managing Director: Mr. Gagan Banga
- NSE Symbol: SAMMAANCAP
- Core Business:
- Home Loans (60%)
- Loan Against Property (25%)
- Lease Rental Discounting & Construction Finance (15%)
- Market Position: Mid-sized HFC with ₹42,932 Cr advances; focused on affordable and mid-income segments
Sammaan Capital benefits from a large retail loan book and improving NPA metrics, but lacks strategic direction due to the absence of promoters and reliance on institutional oversight.
Sammaan Capital: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹138.90 |
| Market Capitalization | ₹11,547.93 Cr |
| No. of Shares Outstanding | 83.17 Cr |
| P/E Ratio (TTM) | 10.06 |
| P/B Ratio | 0.50 |
| EPS (TTM) | ₹13.81 |
| Book Value (TTM) | ₹279.98 |
| ROE | 4.66% |
| ROCE | 9.11% |
| Dividend Yield | 0.00% |
| Face Value | ₹2 |
| Advances | ₹42,932.18 Cr |
| Promoter Holding | 0.00% |
| Sales Growth (YoY) | 3.12% |
| Profit Growth (YoY) | –4.76% |
Note: The company is trading below book value—a rarity among profitable HFCs—but suffers from low capital efficiency and no dividend payout.
Sammaan Capital Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹148 – ₹164 |
| 2027 | ₹158 – ₹176 |
| 2028 | ₹168 – ₹190 |
| 2029 | ₹178 – ₹206 |
| 2030 | ₹188 – ₹224 |
Important: These targets assume no further equity dilution, stable asset quality, and gradual ROE improvement. Upside is limited without promoter involvement or strategic repositioning.
Sammaan Capital Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹148 | ₹164 |
Sammaan Capital reported a 4.76% YoY profit decline despite modest sales growth, reflecting margin pressure in a rising rate environment. Trading at 0.5x P/B, the stock offers value on paper, but execution risk remains high. The 2026 target assumes stabilization in disbursements and no major slippages.
Sammaan Capital Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹158 | ₹176 |
If the company sustains 5–7% earnings growth and improves ROE to 6–7%, EPS could reach ₹15.00–₹15.80 by FY27. Assuming a P/B expansion to 0.55–0.60x, the 2027 target range is justified.
Sammaan Capital Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹168 | ₹190 |
By 2028, benefits from scale and digital underwriting may reflect in margins. A P/B of 0.60–0.65x on projected book value (~₹285–₹290) supports the ₹168–₹190 band.
Sammaan Capital Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹178 | ₹206 |
Long-term tailwinds include India’s housing shortage and the formalization of credit. If competition doesn’t erode pricing, EPS could reach ₹17.00–₹18.00 by FY29. At a P/B of 0.65–0.70x, the 2029 target is ₹178–₹206.
Sammaan Capital Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹188 | ₹224 |
Over a five-year horizon, Sammaan Capital remains a value trap unless ROE improves. A terminal P/B of 0.70–0.80x on FY30 book value (~₹280–₹290) justifies the ₹188–₹224 range.
Sammaan Capital: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Public & Retail | 60.72% |
| Foreign Institutional Investors (FII) | 24.94% |
| Domestic Institutional Investors (DII) | 14.34% |
| Promoters | 0.00% |
| Others | 0.00% |
Note: Zero promoter holding is a major red flag. The company is now managed by an independent board after the exit of the Indiabulls Group.
Sammaan Capital: Strengths vs Risks
Strengths:
- Trading at 0.5x P/B—one of the cheapest in the HFC space
- Strong retail loan book with improving asset quality
- No promoter pledging or governance overhang
Risks:
- Zero promoter skin-in-the-game
- ROE of just 4.66% limits capital efficiency
- No dividend history reduces income appeal
- Vulnerable to interest rate volatility and real estate slowdown
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than HFC sector average |
| Dividend/Income Potential | None (0% yield) |
| Best For | Deep-value investors betting on asset turnaround |
- Public & Retail: 60.72%
- FIIs: 24.94% (e.g., Vanguard, BlackRock)
- DIIs: 14.34% (e.g., LIC, SBI Mutual Fund)
- Promoters: 0% (Indiabulls Group fully exited)
- Profit decline despite revenue growth
- Zero promoter holding, increasing governance uncertainty
- Low ROE discouraging long-only institutional funds
- Broader market rotation away from low-growth financial companies
- Home loans
- Loan against property (LAP)
- Lease rental discounting
- Construction and developer finance
Final Verdict
Sammaan Capital is a statistical bargain with structural flaws. While its sub-book-value valuation offers theoretical downside protection, the absence of promoters and low returns caps upside.
Our Sammaan Capital share price target 2026–2030 (₹148 to ₹224) reflects cautious optimism—rooted in asset value but tempered by governance risk. Upside is possible only if ROE crosses 8%; otherwise, it remains a value trap.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Sammaan Capital Consolidated Page (FY2025 + TTM)
- Finology Ticker – SAMMAANCAP Financials & Analysis
- National Housing Bank (NHB) – HFC Sector Report 2025
- BSE/NSE Corporate Filings – Shareholding and Announcements
