Saumya Consultants Ltd Q2 FY26 – ₹3.59 Cr Quarterly Loss, ₹85 Cr Investments, Book Value ₹182 vs CMP ₹151: NBFC or Mutual Fund Side Hustle?
1. At a Glance – Blink and You’ll Miss the Plot
Saumya Consultants Ltd is that quiet 1993-born NBFC which looks harmless on the surface but suddenly throws financial tantrums like a moody trader on expiry day. Market cap sits at around ₹104 Cr, the stock trades near ₹151, and book value is a chunky ₹182 — meaning the market is politely discounting management’s ability to convert assets into consistent profits. Over the last year, the stock has bled more than 50%, while the last 3 months look like a bored ECG line with barely 0.7% movement. Latest quarterly results? A spicy PAT loss of ₹3.59 Cr on revenues of ₹3.84 Cr, proving that revenue alone doesn’t guarantee sanity. ROE hovers near 8%, debt is almost nonexistent (except one luxury car EMI), and promoter holding is a steady 54.88%. This is not a high-growth NBFC story — it’s a financial drama where mutual funds, share sales, and fair value gains decide whether the year ends in champagne or coconut water.
2. Introduction – Welcome to the NBFC That Trades More Than It Lends
Saumya Consultants is technically an NBFC, but emotionally it behaves like a proprietary trader who occasionally remembers he’s supposed to lend money too. Incorporated in 1993, the company has survived multiple market cycles, Harshad Mehta, dot-com bubbles, global financial crises, crypto winter — yet still hasn’t decided whether it wants to be a lender, an investor, or a part-time real estate flipper.
Its registered business is straightforward: advancing loans, investing in securities, and doing all the financial jugglery RBI allows a non-deposit-taking NBFC to do. In practice, profits swing wildly depending on market conditions. FY24 looked brilliant because markets were kind, shares were sold at fat gains, and even a flat was sold for extra masala. FY25? Reality check — losses returned like an old school friend asking for money.
If you’re expecting compounding predictability, wrong queue. If you enjoy balance sheets that read like trading diaries, keep reading. Question for you already: should an NBFC’s fate depend this much on equity market moods?
3. Business Model – WTF Do They Even Do?
Explaining Saumya Consultants to a lazy but smart investor goes like this: “They lend some money, invest a lot of money, and pray markets behave.”
The company is registered as a non-deposit-taking NBFC. It provides loans and advances against pretty much anything RBI won’t object to — land, buildings, shares, debentures, policies, guarantees, you name it. But lending isn’t the star of the show.
The real action happens in investments. As of FY25, total investments stand at about ₹85 Cr, largely parked in mutual funds. Financing activities contribute 82% of revenue, while other financial activities make up the rest. That sounds boring until you realize profits explode or collapse based on fair value changes and share sales.
There’s minimal operational complexity, low manpower stress, and almost no capex hunger. Even borrowings are just ₹0.61 Cr — largely because the company decided to buy a Mercedes-Benz on EMI at 8.2% interest. Yes, the balance sheet literally carries luxury car debt. If that doesn’t explain management mindset, nothing will.
So tell me — is this a conservative finance company or a gentleman trader with an NBFC license?
