NSE: CGCL · BSE: 531595
CAPRI GLOBAL CAPITAL LTD
Lends money across four segments — gold loans, MSME loans, housing finance, and construction finance — and earns the spread between the interest it charges borrowers and the cost at which it borrows. In Q1 FY27, consolidated AUM stood at Rs 40,112 crore, up 62% YoY, with gold loans at Rs 19,179 crore (~48% of the book), housing at Rs 7,815 crore, MSME at Rs 6,779 crore, and construction finance at Rs 6,332 crore. Earnings are driven by net interest income (Rs 736 crore in Q1 FY27, up 79% YoY) and non-interest income (Rs 217 crore), with blended yields at 17% and spreads at 7.8%. The main cost line is employee expense at 21.3% of revenue, with other operating costs at 6.2% and depreciation at 2.3%; cost-to-income ratio stood at 44.2%. Borrowing is funded through bank loans, NCDs (including Rs 1,446 crore raised across 11 issues in Q1 FY27), commercial paper (A1+ rated), and a USD 1bn GMTN programme at GIFT City, with total bank loan and NCD facilities rated at AA plus. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gold loans (48%), Housing finance (19%), MSME loans (17%), Construction finance (16%). Cyclical, spread-driven NBFC lending with a retail-customer base and a gold-loan-tilted portfolio
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 969 | 1,463 | 2,313 | 3,248 | 4,731 |
| EBITDA (ex other income) | 601 | 842 | 1,288 | 2,005 | 3,086 |
| margin % | 62.0 | 57.5 | 55.7 | 61.7 | 65.2 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 11.69 | 11.06 | 3.39 | 5.80 | 10.15 |
| ROE % · ROCE % | 10.7 · — | 5.7 · — | 7.3 · — | 11.1 · — | 13.2 · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (1,341) | (2,994) | (3,701) | (4,312) | (8,728) |
| Capex | (11) | (123) | (64) | (49) | (60) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 752 | 821 | 957 | 1,004 | 1,121 | 1,220 | 1,385 | 1,576 |
| Profit before tax | 128 | 171 | 236 | 230 | 314 | 340 | 373 | 470 |
| Net profit | 97 | 128 | 178 | 175 | 236 | 255 | 283 | 353 |
| EPS (₹) | 1.18 | 1.55 | 2.15 | 2.05 | 2.45 | 2.66 | 2.94 | 3.67 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 5,70,768 | 28.1 | 4.88 | — | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 1,94,820 | 14.6 | 2.96 | — | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,31,798 | 22.8 | 4.33 | — | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,31,209 | 24.0 | 2.79 | — | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 96,352 | 8.5 | 2.42 | — | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 50,202 | 22.1 | 3.19 | — | 13.8 | — | — | 33.1 |
| SUNDARAM FINANCE LTD | 43,766 | 19.6 | 2.94 | — | 13.8 | — | — | 78.4 |
| AUTHUM INVEST & INFRA LTD | 42,040 | 7.2 | 2.85 | — | 13.1 | — | — | 90.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.7 | 18.1 | 103 of 200 | 49% |
| P/B | 3.1 | 1.1 | 211 of 253 | 17% |
| ROE | 13.2 | 3.1 | 29 of 257 | 89% |
| EBITDA margin | 68.8 | 48.6 | 86 of 249 | 66% |
| Revenue growth | 57.0 | 12.6 | 56 of 231 | 76% |
| Profit growth | 102.0 | 7.8 | 65 of 251 | 74% |
| Market cap | 22235 | 34 | 15 of 268 | 95% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Q2 FY27 profit rises 77%; FY31 assets under management target exceeds ₹1,250 billion | investor communications | medium | — | — |
| 28 Oct 2026 · Q2 FY27 profit rises 77% as AUM reaches Rs 43,878 crore | compliance | low | — | — |
| 27 Oct 2026 · Quarterly profit rises 67%; loan book expands 25% | board shareholder meetings | low | — | — |
| 27 Oct 2026 · Board approves Q2 FY27 results; profit rises 67% to Rs 353 crore | board shareholder meetings | low | — | — |
| 26 Oct 2026 · Record date set for commercial paper redemption | credit debt | low | — | — |
| 23 Oct 2026 · Capri Global Capital schedules results call for September 2026 quarter | board shareholder meetings | low | — | — |
| 23 Oct 2026 · Capri Global pays monthly interest on NCDs ahead of due date | compliance | minimal | — | — |
| 23 Oct 2026 · Record date set for commercial paper redemption | credit debt | low | — | — |
| 21 Oct 2026 · Capri Global redeems Rs 25 cr commercial paper at maturity | credit debt | medium | — | — |
| 19 Oct 2026 · Capri Global approves USD 30M dollar bond issuance via private placement | fund raising | medium | — | — |
How to read this document
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|---|---|---|
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.