Welcome to the fascinating world of Saumya Consultants Ltd, a ₹110 crore micro-NBFC that lends money, trades shares, invests in mutual funds… and occasionally buys a Mercedes on EMI at 8.2%. Yes, you read that right.
The stock is trading below book value (₹160 vs book ₹182). Sounds cheap? Maybe. But wait — TTM EPS is negative at ₹-4.97. Profit growth TTM is -116%. Sales growth TTM is -72%.
So what’s going on?
Quarterly profit has bounced back to ₹1.08 crore in Dec 2025 after a loss quarter in September 2025. But this company’s earnings look less like a steady NBFC and more like the stock market itself — volatile, emotional, unpredictable.
Is this deep value? Or is this just accounting gymnastics powered by fair value gains and share trading?
Let’s open the files.
2. Introduction – The NBFC That Trades More Than It Lends
Incorporated in 1993, Saumya Consultants Ltd is a Non-Deposit Taking NBFC. Translation: they don’t take public deposits like banks. They operate with their own capital and whatever limited borrowings they have.
What do they do?
Give short-term and long-term loans
Invest and trade in securities
Invest in mutual funds
Provide inter-corporate loans
In FY25, 82% of revenue came from financing activities. 18% from other financial activities.
But here’s the masala: In FY24, profit before tax jumped to ₹2.81 crore from a loss of ₹43 lakh in FY23. Why?
Huge jump in net gain on fair value changes
Share sales revenue surged from ₹15.9 Cr to ₹45.2 Cr
Sold a flat
So yes — this NBFC doesn’t just earn interest. It actively trades equities and even sells real estate.
Is this a traditional lending company? Or a family office operating under NBFC license?
Let’s dig deeper.
3. Business Model – WTF Do They Even Do?
Imagine a conservative Marwari family office. They:
Lend money secured against assets
Buy and sell shares
Invest in mutual funds
Occasionally sell a property
And buy a Mercedes on EMI
That’s Saumya Consultants.
Their Main Activities:
Investment in Securities
Investment in Mutual Funds
Inter-Corporate Loans
Loans & Advances
As of FY25, total investments stood at ₹85 crore — mainly in mutual funds.
Income from mutual funds in FY25? ₹2.31 lakh. Last year: zero.
So investments are large, but MF income is tiny. Why? Likely because returns are being booked via fair value gains rather than dividend income.
This is not Bajaj Finance. This is not Shriram Finance.
This is a small capital allocator using its balance sheet like a trading desk.
Now question for you: If 80% of your revenue depends on financial market conditions… what happens in a bad year?
