Is there any details available on asset quality of wholesale book acquired from subsidiary Sammaan Finserve Limited?
What could be rational behind it?
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Erstwhile ICCL is renamed as Sammaan Finserv. Whatever NPA that you see in previous investor presentation that still remains the same. Basically they are indirectly merging their subsidiary business with themselves
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This risk is playing out as mentioned earlier.
Please note, there is further legacy book up for cleaning
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Any idea, how much book is cleaned and how much still to be cleaned ? The loss for this quarter is massive
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They have also deleted investor presentation of last tow quarters. Any reason why such mischievous actions by Management ?
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these are available on company & NSE website
Q1’25 Earning ppt.pdf (2.4 MB)
Q4’24 Earning ppt.pdf (1.7 MB)
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97f3af78-fecf-488f-9220-55644daccf8c.pdf (2.0 MB) - Investor Presentation for Q2FY25
https://youtu.be/9uObzpfkRCA?si=X92hqy6lFnMmtddH - Concall for Q2FY25
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Prediction according to management guidance if they achieve 70% of guidance:
1. Adjusted Net Worth (2027):
Starting Reserves (2024) = ₹19,679 Cr – ₹1,800 Cr (Net Loss) = ₹17,879 Cr.
Net Worth (2024) = ₹17,879 Cr + Equity Capital (₹113 Cr) = ₹17,992 Cr.
Add retained profits for 2025–2027 (70% of Adjusted NP):
Cumulative Retained Profit (2025–2027) = ₹4,410 Cr × 0.7 = ₹3,087 Cr.
Adjusted Net Worth (2027) = ₹17,992 Cr + ₹3,087 Cr = ₹21,079 Cr.
2. Book Value Per Share (BVPS):
BVPS (2027) = Net Worth (2027) ÷ Shares Outstanding
BVPS (2027) = ₹21,079 Cr ÷ 73.84 Cr ≈ ₹285.50.
3. Probable Share Price (2027):
Share Price (2027) = 1.5 × BVPS
Share Price (2027) = 1.5 × ₹285.50 = ₹428.25.
Correct me if I have mistaken…
Note: This is bullish view projections
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