• AUM growth targets: Sammaan Capital plans to scale its AUM from 53,100 crore to over 70,000 crore this year, more than 1 lakh crore next year, and reach 2 lakh crore within four years. Around 30% of incremental borrowings will continue via an asset-light strategy.
• Cost of funds: Following a rating upgrade to AA+, the cost of capital is projected to drop by 120 basis points on stock and 160 basis points on flow, with borrowing costs having already declined by 100 basis points in the first month.
• Profit and dividends: The company projects profits of slightly above 1,400 crore this year and aims to add roughly 3,300 crore to net worth. It plans to distribute dividends with a minimum payout threshold of 25% and a target of 40%.
• Legacy asset recoveries: Management expects to recover at least 7,000 crore from legacy written-off assets over the next few years, parts of which are already factored into financial projections and capital buffers.
• Portfolio diversification: Mortgages are expected to account for roughly 90% of the book in FY27 and 70% in FY28, before gradually balancing out to an even 50:50 split between mortgage and non-mortgage lending.