Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Oct - Disclosure under Regulation 30 & 51 of SEBI (Listing Obligations and Disclosures Requirements), 2015 - Newspaper Publication
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result28 Jul, 12:42 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
45NeutralSMA20 -3.1% / mo · MACD −
Stock trend: 46
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CGCLD candles · FIT view+32.9%Latest close ₹243.69 on 2026-10-19
Bar
-0.7%
RSI
43
MACD hist
-0.64
52W pos
68%
2026-10-19O ₹245.40H ₹258.80L ₹242.21C ₹243.69Vol 2.5Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CGCLNifty Financial ServicesNifty 500
- CGCL
- -2.5%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +3.0 pp
Chart stats
19 Oct 2026- From 52W high
- -15.2%
- 52W range position
- 68%
- ATR (14)
- 3.7%
- Volume vs 20D
- 10.33x
- Avg traded value
- ₹81.8 Cr
- 20D price channel
- ₹238.7 - ₹276.6
₹287.5
₹151.1 - ₹287.5
₹9
Latest completed session
20-session average
25.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST35
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent85
Revenue +57.0% · PAT +101.7% YoY
Technical
Neutral45
Price trend and sector-relative-strength timing.
Valuation
Legacy model+18.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 85/100Rev +57% YoY · PAT +102% YoY · +14% QoQ · operating leverage
Filed 27 Jul 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- 21.10
- P/B
- 3.30
- EV/EBITDA
- 420.02
- Market Cap
- 23770.00Cr
Profitability
- ROE
- 16.50%
- ROCE
- 11.70%
- ROA
- 3.45%
- Dividend Y
- 0.08%
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
- 0.94
- 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
- 70%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,576+13.8% vs prev
Net Profit
₹ CrLatest: 353+24.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 43. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~3.2% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 15% off 52W high · 61% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
85
RS percentile
Stage 2 UptrendEstablished S2
1M return
-10.0%
3M return
-2.5%
6M return
+30.2%
1Y return
+18.0%
RS 1D
-1
RS 20D
-7
Sector rank
#9
Industry rank
#20
Stage evidence
- Price is 11.0% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +5.5%.
50-DMA
price below
200-DMA
price above
S2 entered
23 Jun 2026
S2 age
83 trading sessions
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 135.55-0.54%
RS vs Nifty 500136
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · WATCHLISTValuation4/30
Growth21/25
Quality9/20
Balance Sheet0/15
Cash Flow0/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
35
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
35/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 18.4%.
- Growth contributes 21/25 to the score.
- Quality contributes 9/20 to the score.
Main drags
- Altman Z is 0.9, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
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.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
21.1
PB
3.3
EV/EBITDA
420.0
ROE
16.5%
ROCE
11.7%
FCF Yield
—
Debt/Equity
3.4
MoS
+18.4%
Score movement
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.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
35
Previous: 35
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+18.4%
Previous: +18.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
35
35
35
35
35
35
35
35
35
35
35
35
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹140.48
-73.5% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹298.61
+18.4% MoS
PEG
0.42
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
FIVESTAR
Small
Five-Star Business Finance Limited
NBFC
match 168
27
95.5
16.0%
-200%
OVERVALUED
IIFL
Small
IIFL Finance Limited
NBFC
match 143
38
10.4
12.6%
+59%
WATCHLIST
CREDITACC
Small
CREDITACCESS GRAMEEN LIMITED
NBFC
match 142
33
16.3
10.5%
+36%
WATCHLIST
APTUS
Small
Aptus Value Housing Finance India Limited
NBFC
match 137
50
11.3
20.1%
+57%
FAIR VALUE
JMFINANCIL
Small
JM Financial Limited
NBFC
match 137
58
11.0
11.9%
+58%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-12T07:49:37.133Z
Management commentary snapshot
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.
Current business mix
AUM by Product (FY26)
Latest issuer-disclosed distribution across 5 reported categories.
Gold Loan46.3%
MSME Loan22.3%
Housing Loan17.7%
Retail Construction Finance15.6%
Others0.1%
Growth engines
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.
Capacity and execution
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.
Tailwinds
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.
Risk radar
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
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.
Sector KPIs management disclosed
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.
Management forward view
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.
Thesis monitor
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
market share expansionnot yet verifiable
The company is expanding its footprint to accelerate customer acquisition.
Timeframe: ongoing/futureDirection: increase
"Expanding footprint to accelerate customer acquisition"
market share expansionnot yet verifiable
The company is expanding its footprint to accelerate customer acquisition.
Timeframe: ongoing/futureDirection: increase
"Expanding footprint to accelerate customer acquisition"
Trust Score
55Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Management has 100% delivered/partly-delivered outcomes on 2 checked claims. It ranks around the 16th percentile of the scored universe and 28th percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
202 docs text-extracted · 61 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Financial Services: 28th pctile, median 62 · Small: 18th pctile, median 66
Evidence depth
Financial-only
202 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
100% delivered or partly delivered
2/9 claims checked · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
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 0.94.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Capri Global Capital Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep - Intimation of Schedule of Analysts / Institutional Investors meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised) 16 Sep - Capri Gold Loans launches Vyapar Mahotsav, offering gold loans from 11% p.a. from September 16-19, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Intimation of Schedule of Analysts / Institutional Investors meeting under Regulation 30 of SEBI(LODR) Regulations, 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Sep - Capri Gold Loans launches Vyapar Mahotsav from Sept. 16-19, 2026, offering gold loans from 11% p.a.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Newspaper Publication on Notice of 32nd AGM, Record Date and Dividend
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Intimation of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 7 Aug - Infomerics upgraded Capri Global’s bank loans of Rs 9,595 crore and NCDs of Rs 3,000 crore to IVR AA+/Stable.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug - Intimation of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Jul - Intimation of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Jul - Intimation of Group Meeting with Analysts / Investors under Regulation 30 of SEBI (LODR) Regulations, 2015
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.