Capri Global Capital Limited (CGCL)
Small CapFinancial Services stocks · Small cap · NSE
Capri Global Capital Limited (CGCL) is a retail-focused NBFC with a granular, fully secured, and diversified loan book. It caters to unbanked and underserved segments in semi-urban and rural areas (Tier 2/3/4 cities). The company leverages in-house tech, data science, and AI capabilities for operations and collections. AUM stood at INR 366 billion as of March 31, 2026.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 2/9 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 85/100Rev +57% YoY · PAT +102% YoY · +14% QoQ · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,576 Cr | +57.0% | +13.8% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹353 Cr | +101.7% | +24.7% |
| PAT margin | 22.4% | +497 bps | +197 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
CGCL reports robust FY26 performance with AUM up 60% YoY and PAT up 98% YoY, driven by strong retail growth and healthy asset quality (GNPA 0.9%, NNPA 0.5%).
The company demonstrates strong execution with significant AUM and PAT growth, supported by a diversified product mix and expanding branch network. Asset quality remains healthy with prudent provisioning, and capital adequacy is robust. Continued tech integration and co-lending partnerships are expected to sustain momentum.
AUM by Product (FY26)
Latest issuer-disclosed distribution across 5 reported categories.
Product Diversification
Offer customized products to underserved high growth markets and scale/expand product suite.
Geographic Expansion
Open new branches in existing and new states to expand across Telangana, Karnataka, TN, AP, Orissa, UP.
Technology & Analytics
Leverage tech & data science leadership; implement Agentic AI tools for cost efficiency, productivity, customer experience.
Fee Income & Cross-selling
Leverage customer base to drive fee income and cross-selling, scaling Insurance and Car Loan distribution.
Branch Network Expansion
Total branch network of 1,429 branches as of March 31, 2026, across 20 States & UTs.
Gold Loan Branches
999 Gold Loan branches in 15 States & UTs as of March 31, 2026.
MSME, Housing, CF & Car Loan Branches
430 branches for MSME, Housing Finance, Construction Finance & Car Loan Distribution in 18 States & UTs.
Retail-led, Secured Portfolio
Strong retail focus with >84% retail AUM and ~100% secured loan book provides stability.
Underserved Market Focus
Catering to unbanked and underserved segments in Tier 2/3/4 cities offers significant growth potential.
Co-lending Partnerships
Co-lending with 11 partner banks provides an additional funding source, conserves capital, and boosts RoE.
Asset Quality Deterioration
Maintenance covenant requires NNPA to not exceed 5%.
Capital Adequacy
Maintenance covenant requires Minimum Capital Adequacy Ratio of 15% in line with RBI guidelines.
Security Coverage
Maintenance covenant requires Minimum Security Coverage Ratio equal to or greater than 1.0x with standard assets.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The investor presentation primarily provides financial data and operational metrics on an annual basis (FY24, FY25, FY26), making year-over-year comparison most relevant to assess growth trends and performance evolution.
AUM Growth
Consolidated AUM of INR 366,237 million as of March 31, 2026, up 60% YoY and a CAGR of 53% from FY24-FY26.
Net Interest Margin (NIM)
NIM stood at 8.8% for FY26, showing a slight increase from 8.5% in FY25.
Cost of Funds
Cost of Funds was 9.0% for FY26, a decrease from 9.6% in FY25.
Gross Non-Performing Assets (GNPA)
GNPA was 0.9% for FY26, improving from 1.5% in FY25.
Diversify Borrowings
Diversification of borrowings by raising NCD/CP, widening lender base, and reducing cost of funds.
Enhance Sales Productivity
Increase sales productivity across MSME, Housing Loan, and Gold Loan segments.
AI Integration
Developing Generative AI capabilities for process automation and implementing Agentic AI tools for efficiency.
RoE Expansion Levers
Focus on margin expansion, AUM growth, credit cost reduction, operating leverage, and high-quality fee income.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| AUM Growth (YoY) | 60% | Sustained high growth rates, particularly in newer segments and expanded geographies. |
| Net Non-Performing Assets (NNPA) | 0.5% | Any deterioration in asset quality, especially in MSME and Construction Finance segments. |
| Net Interest Margin (NIM) | 8.8% | Stability or expansion of NIM, supported by efficient pricing and liability management. |
| Co-Lending AUM Contribution | 21.3% of overall AUM | Continued growth in co-lending AUM and its contribution to overall profitability and capital efficiency. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Show extracted source claims
The company is expanding its footprint to accelerate customer acquisition.
"Expanding footprint to accelerate customer acquisition"
The company is expanding its footprint to accelerate customer acquisition.
"Expanding footprint to accelerate customer acquisition"
Trend score and candlestick chart
68Bullishfull bull SMA stack · RSI overbought · MACD + · near 52W high
Technical chart
CGCLdaily · 1Y · AUTO+78.5%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 71. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 71 — overbought zone; risk of mean reversion.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 38.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +4.6%.
- Both 3-month and 6-month returns are positive.
Valuation & score drivers
U-Score 34 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 34 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Fair-value margin of safety is positive at 13.9%.
- Growth contributes 21/25 to the score.
- Quality contributes 9/20 to the score.
Main drags
- Altman Z is 1.0, in distress territory.
- Penalty bucket subtracts 1 points.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: -4 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Management has 100% delivered/partly-delivered outcomes on 2 checked claims. It ranks around the 16th percentile of the scored universe and 29th percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
Mixed Trust Lite: Promoter holding is 59.9%. Key concern: Operating cash flow is negative at ₹-8728 Cr.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Financial Services: 29th pctile, median 62 · Small: 18th pctile, median 66
194 documents have extracted text, but claim history is not strong enough yet.
2/9 claims checked · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 59.9%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-8728 Cr.
- ▸Debt/equity is 3.35.
- ▸Altman Z is 1.02.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 23.90
- P/B
- 3.74
- EV/EBITDA
- 447.75
- Market Cap
- 26931.00Cr
Profitability
- ROE
- 16.50%
- ROCE
- 11.70%
- ROA
- 3.45%
- Dividend Y
- 0.07%
Growth (CAGR)
- Revenue 5Y
- 45.00%
- EPS 5Y
- 40.00%
- Revenue 3Y
- 48.00%
- EPS 3Y
- 67.00%
Balance Sheet
- Debt/Equity
- 3.35
- Interest Coverage
- —
- Altman Z
- 1.02
- Book Value
- 74.90
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -8728.00 Cr
- EPS TTM
- 11.71
Shareholding
- Promoter Hold
- 59.92%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 96%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
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Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.