Capri Global Capital Ltd(CGCL)

NSE: CGCLBSE: 531595

₹ 235.2-0.68%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 22,630 crNext results: 27 Oct 2026Website: www.capriloans.inUpdated: 24 Oct 2026

About

Capri Global Capital Limited is an India-listed NBFC operating under the brand Capri Loans, providing gold loans, MSME lending, housing finance, and construction finance. The company is expanding into southern India and establishing its first USD 1 billion Global Medium Term Note programme to diversify international borrowings.^[1][2][3]

Business segments

MSME lending: AUM grew 24% YoY in Q1 FY27; includes a Micro LAP vertical with ₹650 crores AUM across 151 branches as of Q3 FY26, at a yield of 23 - 24% and average ticket of ₹5 lakhs.^[1][4]
Construction finance: AUM grew 40% YoY in Q1 FY27; GNPA on this book stood at 0.3% as of Q4 FY26.^[1][5]
Insurance distribution (Capri Care): net fee income grew 142% YoY to ₹153 crores in FY26; non-interest income reached 29% of net total income in FY26.^[5]
Co-lending and direct assignment (DA): AUM grew 74% YoY to ₹81,263 mn, representing 20% of total consolidated AUM in Q1 FY27; capital required only on the 20% retention tranche while the full spread is earned.^[1]

Loan book and asset quality

Consolidated AUM: ₹401,116 mn in Q1 FY27, up 62% YoY and 10% QoQ; quarterly disbursements of ₹111,140 mn, up 31% YoY.^[1]
Gross Stage 3 (GNPA): 1.1% in Q1 FY27, down 61 bps YoY; net Stage 3 (NNPA): 0.6%, down 39 bps YoY; provision coverage ratio: 43.2%.^[1]
Gold loan GNPA: 0.3% as of Q4 FY26, described as among industry best; housing loan GNPA: 1%; MSME GNPA: 3%; construction finance GNPA: 0.3%.^[5]
Credit cost: 0.7% of average assets in both Q1 FY27 and full-year FY26.^[1][5]

Key operating metrics

NIM: 9.7% in Q1 FY27 (vs 8.6% for full-year FY26); yield on net advances: 17.0%; cost of borrowings: 9.1% (down 10 bps QoQ); blended spread: 7.8%.^[1][5]
Capital adequacy: CRAR 24.7% (CGCL standalone) and 27.8% (CGHFL housing subsidiary) in Q1 FY27.^[1]
Return on average equity: 19.1% in Q1 FY27, up 612 bps YoY; full-year FY26 ROAE was 16.5% vs 11.8% in FY25.^[1][5]
Cost-to-income ratio: 44.2% in Q1 FY27, improved from 49.4% in Q4 FY26 and 59.9% in full-year FY25; headcount grew only 19% YoY vs 60% AUM growth in FY26.^[1][5]

Branch network and distribution

Gold loan branch count held at 1,000 in Q1 FY27 to allow maturation; aggregate AUM per gold branch rose to ₹19 crores from ₹17 crores in Q4 FY26; gold collateral weight in custody: 20.2 tonnes (+6% QoQ).^[1]
Housing finance expanded into Andhra Pradesh, Telangana and Karnataka with 30+ branches, scaling disbursements to ₹65 crores per month in Q1 FY27.^[1]
Micro LAP present across 151 branches as of Q3 FY26, with 43 net additions in Q2 FY26 including entry into Tamil Nadu and Karnataka.^[4][6]
Co-lending operates with 11 bank partners as of Q1 FY27; 6 of 11 partners have migrated to the new RBI CLM1 model.^[1]

Technology and AI capabilities

CGCL analysed 6.7 lakh customer calls via AI, executed 2.64 lakh geo-tagged field visits, and deployed Kronos 4.0 across the full collection portfolio in Q1 FY27.^[1]
Company built and deployed its own specialised Small Language Model (SSLM), domain-trained for Indian financial services, handling voice and messaging-based collection communications.^[5]
Collaboration with OpenAI initiated for enterprise-grade generative AI deployment across key business functions, as announced in Q1 FY27.^[1]
Gold loan turnaround time under 30 minutes; pre-approved top-up loans disbursed in 60 seconds; 83% YoY improvement in employee-to-PR code productivity in Q3 FY26.^[4]

Borrowings and funding

USD 1 billion Global Medium Term Note (GMTN) programme established; a USD benchmark senior secured bond roadshow was launched in September 2026 with Barclays, Citigroup, Deutsche Bank, Emirates NBD and UBS as joint bookrunners.^[1][5]
CareEdge assigned BB-/Positive rating for USD 300 mn senior secured notes in September 2026; international ratings from Fitch (BB-/Stable) and Moody's (Ba3/Stable) secured in Q4 FY26.^[7][5]
Board proposed to increase borrowing limit from ₹25,000 crores to ₹35,000 crores to support business growth and financial efficiency.^[2]

Expansion and targets

FY27 consolidated AUM target raised to ₹50,000 crores; FY28 target raised to ₹65,000 crores (from prior ₹57,000 crores); long-term target of ₹1,250 bn+ by FY31 at 28 - 30% CAGR.^[1]
400 total new branches planned for FY27 (150 by end of Q2, 250 by Q3), to be completed by December 2026; 750 - 800 branches to be added across FY27 - FY28.^[1]
Gold loan AUM mix targeted to increase to ~55% of consolidated AUM in the medium term; blended spread guided to stabilise at ~7.8 - 8% when gold loan mix crosses 50 - 53%.^[1]
Used car loan product to be launched as a pilot and then scaled; fixed income/capital markets vertical targeting ₹20 - 25 crores net fee income after licence.^[1][5]
Sustainable RoAE of 19 - 21% and RoAA of 4.2 - 4.7% targeted by FY28; cost-to-income to be maintained in the 44 - 45% range over the next 12 - 18 months.^[1]

Market Cap

₹22,630 Cr

High / Low

₹288 / 151

Stock P/E

21.1

Price / Book

3.3

Book Value

₹75

EPS

₹9.9

No. of Shares

96.22 Cr

ROE

16.5%

Debt / Equity

3.35

Sales

₹4,731 Cr

Net Profit

₹949 Cr

Promoter holding

59.9%

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