Any current/future new fundraising through debt or equity?

The company has taken a Board resolution to raise up to INR1,000 crores via Non-Convertible Debentures (NCD) issuance as part of its resource diversification strategy. They currently maintain a strong liquidity position with new credit lines amounting to INR3,750 crores for the CGCL entity and INR700 crores for CGHFL entity. There is no specific mention of new equity fundraising in the current update. The focus appears to be on leveraging diversified debt instruments and strong credit lines to support growth. Capital adequacy ratios remain strong with CGCL at 23.7% and CGHFL at 31.9%, indicati

Any current/future capex/capital investment/strategic investment?

Capri Global is significantly investing in technology and data science capabilities, with about 125 engineers and 25 data scientists across Gurgaon and Bangalore to improve processes, TAT, and decision-making efficiency. They have developed in-house digital tools like LOS, Pragati Sales app, Collect Xpress app, Capri Grahak app, and AI-driven initiatives including data analytics, BRE scorecard-based underwriting, and AI-driven call center optimization. Investments in compliance are ongoing, including hiring senior compliance professionals and engaging Big 4 consulting firms to automate and imp

Future growth expectations in sales/revenue/volumes?

Capri Global Capital targets an AUM of INR30,000 crores by FY '27, up from INR19,272 crores in Q2 FY25. Growth drivers include expansion in gold loans (225% YoY growth), housing loans (33% YoY), MSME loans, and new segments like Micro LAP and rooftop solar financing. Gold loan growth expected to normalize due to base effect but branch expansion continues moderately (adding 50-70 branches/year). Continued growth in home loans at 35%-40% YoY. Non-interest income stable at ~25% of total income; driven by car loan distribution, insurance, and co-lending fees. Insurance fee income expected to surpa

Future growth expectations in earnings/operating earnings/profits/EPS?

Q2 FY25 consolidated net profit increased 49% YoY and 28% QoQ to INR97 crores. Annualized RoAA at 2.3% and RoAE at 9.8% in Q2 FY25, up 0.4% and 2% QoQ respectively; expected to improve further. Pre-provision operating profit rose 34% YoY to INR146 crores. Cost-to-income ratio improved from 70.5% in Q4 FY24 to 64.3% in Q2 FY25; operational leverage benefits expected to continue. Technology initiatives and branch expansion to drive cost efficiency and ROE improvement; mid-teen ROE targeted by March 2027. Co-lending strategy to maintain 20%+ portfolio share, supporting high ROE and lowe

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention current or expected orderbook or pending orders for Capri Global Capital. The focus is on loan book growth, with an AUM (Asset Under Management) of INR19,272 crores as of Q2 FY25. The company targets to reach INR30,000 crores AUM by FY27 through growth in MSME loans, housing loans, gold loans, Micro LAP, and rooftop solar loans. Disbursements in Q2 FY25 were INR5,465 crores, showing 55% YoY growth. Expansion plans include adding 50-70 gold loan branches this year. A rooftop solar loan book target of INR1,000 crores is expected to be achieved gradually

IN US

Sale is live|00:00:00left today

Capri Global Capital LtdQ3 FY24Finance

Capri Global Capital Ltd Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹218P/E: 18.8Market Cap: ₹17.8K CrSector: Finance

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 1

→Capri Global Capital targets an AUM of INR30,000 crores by FY '27, up from INR19,272 crores in Q2 FY25.
→Growth drivers include expansion in gold loans (225% YoY growth), housing loans (33% YoY), MSME loans, and new segments like Micro LAP and rooftop solar financing.
→Gold loan growth expected to normalize due to base effect but branch expansion continues moderately (adding 50-70 branches/year).
→Continued growth in home loans at 35%-40% YoY.
→Non-interest income stable at ~25% of total income; driven by car loan distribution, insurance, and co-lending fees.
→Insurance fee income expected to surpass INR40 crores this year, with multiple partnerships.
→Technology investments to enhance operational efficiency, reduce costs, and improve ROE.
→ROE expected to improve to mid-teens (around 15%) by March 2027.
→Car loan volumes expected to grow with introduction of used car finance product.
→Rooftop solar loan book aims to reach INR1,000 crores, scaling up via fintech and BC partnerships.

Margin guidance

Category 3

→Q2 FY25 consolidated net profit increased 49% YoY and 28% QoQ to INR97 crores.
→Annualized RoAA at 2.3% and RoAE at 9.8% in Q2 FY25, up 0.4% and 2% QoQ respectively; expected to improve further.
→Pre-provision operating profit rose 34% YoY to INR146 crores.
→Cost-to-income ratio improved from 70.5% in Q4 FY24 to 64.3% in Q2 FY25; operational leverage benefits expected to continue.
→Technology initiatives and branch expansion to drive cost efficiency and ROE improvement; mid-teen ROE targeted by March 2027.
→Co-lending strategy to maintain 20%+ portfolio share, supporting high ROE and lower equity allocation.
→Insurance distribution income expected to cross INR40 crores in FY25, adding to recurring fee income.
→AUM growth projected to reach INR30,000 crores by FY27, supporting earnings growth.

3 more insights locked — sign up free to unlock

Fundraise plans

Yes

→The company has taken a Board resolution to raise up to INR1,000 crores via Non-Convertible Debentures (NCD) issuance as part of its resource diversification strategy.
→They currently maintain a strong liquidity position with new credit lines amounting to INR3,750 crores for the CGCL entity and INR700 crores for CGHFL entity.
→There is no specific mention of new equity fundraising in the current update.
→The focus appears to be on leveraging diversified debt instruments and strong credit lines to support growth.
→Capital adequacy ratios remain strong with CGCL at 23.7% and CGHFL at 31.9%, indicating good capitalization to support business expansion.

Order book

Yes

→The transcript does not explicitly mention current or expected orderbook or pending orders for Capri Global Capital.
→The focus is on loan book growth, with an AUM (Asset Under Management) of INR19,272 crores as of Q2 FY25.
→The company targets to reach INR30,000 crores AUM by FY27 through growth in MSME loans, housing loans, gold loans, Micro LAP, and rooftop solar loans.
→Disbursements in Q2 FY25 were INR5,465 crores, showing 55% YoY growth.
→Expansion plans include adding 50-70 gold loan branches this year.
→A rooftop solar loan book target of INR1,000 crores is expected to be achieved gradually.
→Growth is driven by branch network expansion, new products, and technology-enabled efficiencies rather than specific orderbook or pending orders.

Capex plans

Yes

→Capri Global is significantly investing in technology and data science capabilities, with about 125 engineers and 25 data scientists across Gurgaon and Bangalore to improve processes, TAT, and decision-making efficiency.
→They have developed in-house digital tools like LOS, Pragati Sales app, Collect Xpress app, Capri Grahak app, and AI-driven initiatives including data analytics, BRE scorecard-based underwriting, and AI-driven call center optimization.
→Investments in compliance are ongoing, including hiring senior compliance professionals and engaging Big 4 consulting firms to automate and improve compliance tracking.
→The company is building its network for new product segments like rooftop solar financing, partnering with fintech and BCs, and scaling operations to build the portfolio.
→Branch expansion is moderate with plans to add 50-70 branches in gold loans and Micro LAP to support growth.
→The focus is on operational efficiency, cost optimization, and technology-driven growth rather than large traditional capex.

How does Capri Global Capital Ltd rank vs peers in Finance?

Pro feature

1Capri Global Capital Ltd

Rev 1Mar 3

See full Finance sector rankings

Want more stocks like Capri Global Capital Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio