Sammaan Capital Moat Analysis: Score & Risks
Sammaan Capital Ltd.
A first-pass moat teardown of Sammaan Capital Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Cost Advantage. Provisional, single-pass evidence.
Sammaan Capital Ltd. scores 4.82 on MoatSCORE 6.0 — a narrow moat in Broking. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“employee benefit expenses for FY 2020-21 was down to ₹ 252 Crores from ₹ 605 Crores in FY 2019-20. As a result, the Company's cost-to-income ratio declined to 12.8% from 16.2% in FY 2019-20.”
“Organizations with strong corporate governance can secure funds at lower interest rates compared to those with weaker governance, as they are perceived as stable, reliable, and capable of mitigating potential risks.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 5 — below 6, so the band is capped narrow. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 509 Indian companies we have scored for moat durability — 370 narrow, 126 narrow-trending-wide, none wide. Every score, dimension by dimension, is free in the Moat Screener.
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