Capri Global Capital Limited

BSE: CGCL531595ISIN INE180C01042

Financial Services
Non Banking Financial Company (NBFC)
BSE 500

Share price

₹240.30+0.25 (+0.10%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹287.50
52W low: ₹151.15
Off 52W high: -16.42%
1M return: -2.59%
3M return: +0.95%
6M return: +19.73%
1Y return: +21.89%
20D avg volume: 3,10,867
50 DMA: ₹250.94
200 DMA: ₹210.52

Key ratios Consolidated

Market cap: ₹23,121 Cr
Current price: ₹240.30
52W high / low: ₹287.50 / ₹151.15
Face value: ₹1.00
P/E: 17.65
P/B: 2.91
EPS (TTM): ₹13.61
Book value / share: ₹82.71
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 3.03
Net debt: ₹19,757 Cr
Interest cover: 1.73
Dividend yield: 0.08%
Dividend / share (TTM): ₹0.20
Payout: 1.47%
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,786	1,576	1,385	1,220	1,121	1,004	957.33	820.78	751.64	717.63	648.63	605.04
	2.33	4.73	2.69	5.09	2.52	1.23	0.72	1.06	1.18	0.40	0.56	0.51
	1,788	1,581	1,388	1,225	1,124	1,005	958.05	821.83	752.81	718.03	649.20	605.55
	1,231	1,111	1,015	885.12	809.80	775.01	722.54	651.11	624.54	619.22	542.68	516.32
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	309.48	301.39	319.29	278.68	228.26	182.71	216.63	179.38	171.90	175.06	182.06	150.50
	652.12	586.48	498.61	431.37	405.88	393.95	358.11	332.13	310.50	271.07	242.45	220.92
	30.44	28.81	30.66	28.10	26.08	24.71	28.54	25.51	24.99	22.68	23.87	25.28
	109.23	88.18	66.00	80.54	83.35	62.79	63.27	59.60	65.68	67.30	55.91	44.52
	556.97	469.97	373.03	340.28	314.09	230.00	235.52	170.72	128.27	98.81	106.52	89.23
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	556.97	469.97	373.03	340.28	314.09	230.00	235.52	170.72	128.27	98.81	106.52	89.23
	138.63	116.59	90.22	84.84	78.10	55.10	57.78	—	—	—	—	—
	418.33	353.38	282.81	255.44	236.00	174.90	177.74	128.08	96.98	75.72	82.59	67.98
	4.35	3.67	2.94	2.66	2.45	2.05	2.15	1.55	1.18	0.92	1.00	3.30
Key metrics
	—	—	—	—	—	—	—	528.36	463.76	392.56	372.84	335.43
	—	—	—	—	—	—	—	64.40%	61.70%	54.70%	57.50%	55.40%
	23.40%	22.40%	20.40%	20.90%	21.00%	17.40%	18.60%	15.60%	12.90%	10.60%	12.70%	11.20%
	59.20%	57.10%	44.70%	48.70%	49.20%	39.90%	47.60%	35.70%	—	—	—	—
	77.30%	102.00%	59.10%	99.40%	143.30%	131.00%	115.20%	88.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY19	FY18
Income statement
	5,967	4,731	3,248	2,313	1,463	968.99	588.58	353.88
	14.84	10.87	3.34	1.34	1.65	12.80	2.71	40.82
	5,982	4,742	3,251	2,314	1,465	981.79	591.30	394.70
	4,242	3,485	2,618	1,949	1,197	709.16	404.61	250.55
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	1,209	1,009	742.96	623.69	406.08	174.60	117.55	81.25
	2,169	1,730	1,274	835.90	531.12	330.85	207.10	102.04
	118.01	109.55	101.71	87.87	43.91	9.88	6.64	6.22
	343.95	292.96	254.01	200.47	125.65	69.09	61.45	45.10
	1,740	1,257	633.32	365.64	268.28	272.62	186.69	144.14
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,740	1,257	633.32	365.64	268.28	272.62	186.69	144.14
	430.28	308.26	154.78	—	—	—	51.03	40.08
	1,310	949.15	478.53	279.41	204.65	205.04	135.66	104.07
	13.62	10.15	5.80	3.39	11.06	11.69	7.75	—
Key metrics
	—	—	—	1,289	843.31	613.35	400.43	252.40
	—	—	—	55.70%	57.60%	63.30%	68.00%	71.30%
	21.95%	20.10%	14.70%	12.10%	14.00%	21.20%	23.00%	29.40%
	52.88%	45.70%	40.40%	58.10%	51.00%	64.60%	66.30%	—
	82.77%	98.30%	71.30%	36.50%	-0.20%	51.10%	30.40%	—
	—	-8,787	-4,361	—	—	—	—	—
	—	-9.20	-9.01	—	—	—	—	—
	—	3.03	3.50	—	—	—	—	—
	—	19,757	13,562	—	—	—	—	—
Balance sheet
	—	32,676	20,831	—	—	—	—	—
	—	2,082	1,507	—	—	—	—	—
	—	32.67	58.78	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—
	—	339.16	297.87	—	—	—	—	—
	—	21,839	15,068	—	—	—	—	—
	—	7,203	4,304	—	—	—	—	—
Cash flow
	—	-8,728	-4,312	—	—	—	—	—
	—	-1,088	60.05	—	—	—	—	—
	—	10,391	5,118	—	—	—	—	—
	—	59.63	49.30	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,398	1,233	1,071	940.50	866.96	766.34	732.55	600.76	554.18	522.60	464.81	476.05
	4.98	6.32	7.66	7.93	4.85	3.58	3.22	3.54	3.70	2.95	1.49	1.28
	1,403	1,239	1,079	948.43	871.81	769.92	735.77	604.30	557.89	525.55	466.30	477.33
	930.72	819.45	758.42	653.80	588.45	571.79	525.08	460.19	443.00	443.01	393.44	409.26
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	223.80	220.44	240.12	210.53	166.97	133.21	157.79	130.20	122.74	126.85	135.10	122.13
	519.57	466.13	389.61	327.71	309.54	305.22	272.31	250.12	234.48	197.28	177.74	165.07
	25.46	24.28	25.84	23.60	22.10	20.84	24.32	21.63	21.07	19.28	21.75	23.22
	91.78	69.19	50.47	63.43	69.91	49.49	48.32	45.43	52.32	60.46	46.23	37.30
	472.29	419.38	320.18	294.63	283.37	198.13	210.69	144.11	114.89	82.53	72.87	68.08
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	472.29	419.38	320.18	294.63	283.37	198.13	210.69	144.11	114.89	82.53	72.87	68.08
	118.98	105.30	77.64	74.10	71.64	47.97	52.40	—	—	—	—	—
	353.31	314.08	242.54	220.53	211.73	150.16	158.29	108.12	86.27	62.22	56.09	51.31
	3.67	3.26	2.52	2.29	2.20	1.76	1.92	1.31	1.05	0.75	0.68	2.49
Key metrics
	—	—	—	—	—	—	—	415.86	370.44	299.09	272.36	256.37
	—	—	—	—	—	—	—	69.20%	66.80%	57.20%	58.60%	53.90%
	25.30%	25.50%	22.60%	23.40%	24.40%	19.60%	21.60%	18.00%	15.60%	11.90%	12.10%	10.80%
	61.30%	60.80%	46.20%	56.60%	56.40%	46.60%	57.60%	26.20%	—	—	—	—
	66.90%	109.20%	53.20%	104.00%	145.40%	141.30%	182.20%	110.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY19	FY18
Income statement
	4,642	3,645	2,410	1,778	1,144	763.51	499.76	336.45
	26.89	23.84	13.41	4.95	5.02	2.04	4.33	24.79
	4,669	3,669	2,424	1,783	1,149	765.55	504.09	361.24
	3,162	2,572	1,871	1,521	959.11	548.63	326.72	228.33
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	894.89	750.84	537.58	502.05	355.02	151.45	97.43	70.53
	1,703	1,332	954.20	619.80	383.14	235.49	169.89	99.18
	99.18	92.39	86.29	80.02	38.97	7.31	4.88	5.70
	274.87	233.31	206.52	172.08	108.47	55.58	45.11	37.64
	1,506	1,096	552.23	261.96	189.88	216.93	177.38	132.91
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	1,506	1,096	552.23	261.96	189.88	216.93	177.38	132.91
	376.02	271.35	137.33	—	—	—	48.70	38.91
	1,130	824.96	414.89	198.06	141.54	161.88	128.68	94.00
	11.74	8.82	5.03	2.40	7.65	9.23	7.35	—
Key metrics
	—	—	—	961.78	611.99	459.73	352.15	237.79
	—	—	—	54.10%	53.50%	60.20%	70.50%	70.70%
	24.35%	22.60%	17.20%	11.10%	12.40%	21.20%	25.70%	27.90%
	56.47%	51.20%	35.50%	55.40%	49.80%	52.80%	48.50%	—
	79.92%	98.80%	109.50%	39.90%	-12.60%	25.80%	36.90%	—
	—	-7,135	-3,477	—	—	—	—	—
	—	-8.58	-8.27	—	—	—	—	—
	—	2.47	2.84	—	—	—	—	—
	—	14,761	9,998	—	—	—	—	—
Balance sheet
	—	26,510	16,400	—	—	—	—	—
	—	1,869	1,258	—	—	—	—	—
	—	13.80	20.42	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—
	—	311.67	278.00	—	—	—	—	—
	—	16,629	11,256	—	—	—	—	—
	—	6,737	3,965	—	—	—	—	—
Cash flow
	—	-7,081	-3,431	—	—	—	—	—
	—	-1,321	-136.12	—	—	—	—	—
	—	8,777	4,610	—	—	—	—	—
	—	53.62	45.33	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +47.15%
Sales CAGR 5Y: —
Profit CAGR 3Y: +79.96%
Profit CAGR 5Y: —
Sales YoY (TTM): +56.47%
Profit YoY (TTM): +79.92%

Consolidated

Sales CAGR 3Y: +47.87%
Sales CAGR 5Y: —
Profit CAGR 3Y: +66.77%
Profit CAGR 5Y: —
Sales YoY (TTM): +52.88%
Profit YoY (TTM): +82.77%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Coverage

INFORMED coverage

Capri Global Capital Q1 FY27: Gold Loan AUM Doubles, PAT Jumps 102% as Margins Expand

Shareholding as of 30 Sep 2026

Promoter holding: 59.92%

Holder	Type	Holding	Previous	Change
Capri Global Ventures Private Limited (Formally known as Capri Global Holdings Private Limited)	Promoter Group	41.10%	—	—
Rajesh Sharma	Promoter	18.82%	—	—
Life Insurance Corporation Of India	Public	7.60%	—	—
Quant Mutual Fund - Quant Small Cap Fund	Public	6.28%	—	—
Smallcap World Fund, Inc	Public	2.75%	—	—
Nomura India Investment Fund Mother Fund	Public	1.46%	—	—
Societe Generale - Odi	Public	1.09%	—	—
Jinisha Sharma	Promoter	0.00%	—	—
Ramesh Chandra Sharma	Promoter	0.00%	—	—
Jahnavi Sharma	Promoter	0.00%	—	—
Raghav Sharma	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finance Limited	6,18,269	993.05	28.02	—	+18.82% TTM	+18.85% TTM	-6.05%
Shriram Finance Limited	2,13,119	905.70	16.80	—	+13.76% TTM	+28.60% TTM	+13.74%
Tata Capital Limited	1,43,392	337.80	23.16	—	—	—	+2.57%
Cholamandalam Investment and Finance Company Ltd	1,42,265	1,659.05	22.87	—	+21.13% TTM	+33.94% TTM	-5.48%
MUTHOOT FINANCE LIMITED	1,08,792	2,709.85	8.83	—	+47.27% TTM	+70.66% TTM	-15.07%
L&T Finance Limited	66,033	263.45	19.22	—	+20.11% TTM	+27.39% TTM	-5.93%
SBI CARDS AND PAYMENT SERVICES LIMITED S	52,626	553.00	20.18	—	+5.81% TTM	+35.96% TTM	-37.17%
Piramal Finance Limited	45,975	1,942.90	24.08	—	—	—	—
SUNDARAM FINANCE LTD	44,403	3,996.55	27.42	—	—	—	-16.26%
Authum Investment & Infrastructure Limited	43,913	517.10	25.16	—	-24.30% TTM	-56.50% TTM	-10.17%
HDB FINANCIAL SERVICES LIMITED S	42,098	506.65	14.22	—	—	—	-30.70%
POONAWALLA FINCORP LIMITED	41,349	469.55	38.02	—	+75.12% TTM	+399.21% TTM	-0.70%
Mahindra & Mahindra Financial Services Limited	37,542	270.05	10.42	—	+14.94% TTM	+45.99% TTM	-15.21%
Manappuram Finance Limited	29,495	314.00	20.41	—	+4.79% TTM	+85.35% TTM	+17.85%
IIFL FINANCE LIMITED	24,697	578.65	9.35	—	+35.37% TTM	+157.78% TTM	+7.38%
Capri Global Capital Limited	23,121	240.30	17.65	—	+52.88% TTM	+82.77% TTM	+21.89%
Five-Star Business Finance Ltd. S	11,724	397.15	10.50	—	+8.28% TTM	+1.05% TTM	-39.17%
SBFC Finance Limited	9,820	88.32	28.37	—	+28.23% TTM	+45.63% TTM	-24.80%
PAISALO DIGITAL LIMITED	7,279	77.43	27.42	—	+23.60% TTM	+27.97% TTM	+101.17%
Bengal & Assam Company Limited	6,477	5,680.00	8.29	—	+12.05% TTM	+3.26% TTM	-25.74%
Fedbank Financial Services Limited S	5,923	157.85	13.66	—	+21.29% TTM	+76.56% TTM	+10.46%
Mrugesh Trading Ltd. S	5,665	78.41	—	-0.30%	+21.12% TTM	+94.74% TTM	+3,464.09%
SG FINSERVE LIMITED S	4,670	708.75	24.95	—	+104.57% TTM	+86.47% TTM	+85.76%
MAS Financial Services Limited	4,607	253.90	10.89	—	+22.72% TTM	+23.77% TTM	-19.01%
Northern Arc Capital Ltd.	4,481	276.95	9.38	—	+29.02% TTM	+70.21% TTM	+0.64%

Filings & corporate actions

Recent announcements

Transcript of the earnings conference call for the quarter ended on September 30, 20263 Nov 2026 · Company Update / Analyst / Investor Meet
Revised ALM Reporting - September 20263 Nov 2026 · Company Update / General
Newspaper Publication regarding special window for re-lodgement of transfer request of physical shares3 Nov 2026 · Company Update / Newspaper Publication
Execution of Bipartite Agreement with India International Depository IFSC Limited to act as a Registrar and Transfer Agent only for particular Bond Issuance30 Oct 2026 · Company Update / General
Intimation of Group Meeting with Analysts / Institutional Investors under Regulation 30 of SEBI (LODR) Regulations, 201529 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, regarding Q2 & HY1 FY27 Earnings Call - Audio recording of the call29 Oct 2026 · Company Update / Analyst / Investor Meet
Newspaper Publications for Financial results for the quarter ended September 30, 202629 Oct 2026 · Company Update / Newspaper Publication
Assignment and Reaffirmation of Credit Rating29 Oct 2026 · Company Update / Credit Rating
Revised Investor Presentation for the quarter and half year ended September 30, 202629 Oct 2026 · Company Update / Investor Presentation
Investor Presentation for quarter and half year ended September 30, 202628 Oct 2026 · Company Update / Investor Presentation
Press Release - Unaudited Standalone and Consolidated financial results of the Company for the quarter and half year ended September 30, 202628 Oct 2026 · Company Update / Press Release / Media Release
Outcome of Board Meeting held on October 27, 202627 Oct 2026 · Result / Financial Results
Outcome of the meeting of Board of Directors of Capri Global Capital Limited held on October 27, 202627 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings Conference Call for Financial Performance of the Company for quarter and half year ended September 30, 202623 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation of Outcome of Management Committee meeting dated October 19, 2026 - Finalisation of terms and conditions of Issuance of Bond and Appointment of RTA for the same.19 Oct 2026 · Company Update / General
Intimation of Outcome of Management Committee meeting dated October 19, 2026 - Finalisation of terms and conditions of issuance of Bonds and Appointment of RTA for the same.19 Oct 2026 · Company Update / Meeting Updates
Disclosure under Regulation 30 & 51 of SEBI (Listing Obligations and Disclosures Requirements), 2015 - Newspaper Publication17 Oct 2026 · Company Update / Newspaper Publication
Disclosure under Regulation 30 of SEBI Listing Regulations, 2015 - Notice of Postal Ballot16 Oct 2026 · AGM/EGM / Postal Ballot
Capri Global Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve the unaudited (Standalone ....15 Oct 2026 · Board Meeting / Board Meeting
The Board of Directors of the Company at its meeting held on October 14, 2026 considered and approved the Raising of Funds up to Rs. 4,000 Crore.14 Oct 2026 · Company Update / Raising of Funds
The Board of Directors of the Company at its meeting held today, i.e., October 14, 2026, has considered and approved the Raising of funds up to Rs. 4,000 crore.14 Oct 2026 · Board Meeting / Outcome of Board Meeting
ESG Rating and Core ESG Rating by Crisil ESG Ratings & Analytics Ltd13 Oct 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 - Allotment of rated, listed, subordinated, unsecured, taxable, redeemable, transferable Non-convertible Debentures issued ....13 Oct 2026 · Company Update / Allotment of Equity Shares
Press Release - Capri Gold Loan launches Navratri Special Offer, announces 50% waiver on processing fees13 Oct 2026 · Company Update / Press Release / Media Release
Capri Global Capital Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2026 ,inter alia, to consider and approve proposal for raising of funds10 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018 for the quarter ended September 30, 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
ESG Rating by ESG Risk Assessments and Insights Limited1 Oct 2026 · Company Update / General
Intimation of schedule of Analysts/Investors meeting24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Trading Window Closure for the Quarter and Half Year ending September 30, 202624 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Analysts / Institutional Investors meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201523 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation - Amendment in ESOP Scheme of the Company in the 32nd Annual General Meeting held on September 22, 2026.22 Sep 2026 · Company Update / General
Intimation - Re-appointment of Independent Directors of the Company.22 Sep 2026 · Company Update / Change in Management
Intimation - Re-appointment of Independent Directors of the Company.22 Sep 2026 · Company Update / Change in Directorate
Intimation - Details of Voting Results through Remote E-Voting and Electronic Means.22 Sep 2026 · AGM/EGM / AGM
Proceedings of 32nd Annual General Meeting held on Tuesday, September 22, 2026, at 04:00 P.M. through Video Conferencing and other Audio-Visual Means.22 Sep 2026 · AGM/EGM / AGM
Intimation - Assignment and Reaffirmation of Credit Rating Limits.22 Sep 2026 · Company Update / Credit Rating
Intimation - Credit Rating assigned to proposed Non-Convertible Debentures & Subordinated Debt aggregating to Rs. 400 Crore.22 Sep 2026 · Company Update / Credit Rating
Assigned Credit Rating to Proposed Subordinated Non-Convertible Debentures of Rs. 300 Crore18 Sep 2026 · Company Update / Credit Rating
Intimation of Schedule of Analysts / Institutional Investors meeting under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 201516 Sep 2026 · Company Update / Analyst / Investor Meet
Revised Press Release - Capri Gold Loans launches ''Vyapar Mahotsav'' across India, offers Gold Loans at interest rates starting 11% p.a.16 Sep 2026 · Company Update / Press Release / Media Release (Revised)

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.2000	4 Sep 2026	4 Sep 2026	—
Final Dividend - Rs. - 0.2000	11 Sep 2025	11 Sep 2025	—
Final Dividend - Rs. - 0.1500	9 Sep 2024	9 Sep 2024	—

Board meetings

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Capri Global Capital Q1 FY27: Gold Loan AUM Doubles, PAT Jumps 102% as Margins Expand

INFORMED Newsroom · 2026-07-29

Capri Global Capital, a non-bank lender that gives gold loans, home loans, and business loans primarily in smaller Indian cities, reported a 62% year-on-year surge in consolidated assets under management (AUM) to ₹40,112 crore for the quarter ended June 2026. The standout was its gold loan portfolio, which more than doubled to ₹19,179 crore and now accounts for nearly half of all loans. Net profit doubled to ₹353 crore, helped by wider lending spreads and a leaner cost structure. The numbers show a company successfully scaling its high-yield, branch-led model while keeping a tight grip on asset quality.

Gold Loans Power the AUM Engine

Gold loans have rapidly become Capri Global's largest and fastest-growing segment. The portfolio swelled from ₹9,105 crore a year ago to ₹19,179 crore, driven by aggressive branch additions and strong customer acquisition. Live gold loan accounts crossed 1 million, up from 658,000 a year earlier, while the average ticket size rose to ₹1.91 lakh. The company now holds 20.2 tonnes of gold as collateral, up from 16 tonnes.

Metric (Gold Loans)	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
AUM (₹ crore)	9,105	10,407	12,799	16,965	19,179
Live Accounts (’000)	658	714	918	1,018	1,002
Avg. Ticket Size (₹ ’000)	138	146	139	167	191
AUM/Branch (₹ crore)	11.1	12.4	14.1	17.0	19.2

Source: Company presentation

The gold loan branch network hit 1,000 by June 2026, up from 821 a year ago. Management had earlier outlined plans to add 750–800 new branches over two to three years, with a focus on southern states and Odisha . The strategy is to tap India’s vast unorganised gold loan market—only about 12% of household gold is formally financed—while using technology and a repeat-borrower base (55% of customers are repeat) to push branch productivity higher .

Margins Widen as Costs Stay in Check

The shift towards high-yield gold loans (segment yield 18.6% in Q1 FY27) and a declining cost of borrowings helped expand net interest margin (NIM) to 9.7%, up from 8.9% a year ago. Net interest income jumped 79% YoY to ₹736 crore.

Metric (Consolidated)	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Net Interest Income (₹ crore)	413	480	510	596	736
PAT (₹ crore)	175	236	255	283	353
Cost-Income Ratio (%)	46.5	49.4	51.6	49.4	44.2
RoAE (%)	13.0	14.4	15.0	16.0	19.1
NIM (%)	8.9	9.5	9.1	9.2	9.7

Source: Company presentation

The cost-income ratio improved sharply to 44.2%, the lowest in the last five quarters. Operating expenses as a percentage of average total assets fell to 4.9%, matching the level of a year ago despite a much larger loan book. Management has consistently pointed to operating leverage from its maturing branch network and investments in AI-driven productivity tools as key drivers of efficiency .

Asset Quality Stays Resilient

Despite rapid growth, asset quality remained under control. Consolidated gross NPA stood at 1.1% and net NPA at 0.6% as of June 2026. The gold loan book, fully secured by physical collateral, had a gross NPA of just 0.3%. Even the MSME segment, which had seen some stress in earlier quarters, stabilised with gross NPA at 3.1%.

Segment GNPA (%)	Q1 FY26	Q4 FY26	Q1 FY27
Gold Loans	0.7	0.3	0.3
MSME	4.3	3.0	3.1
Housing Finance	1.5	1.0	1.2
Construction Finance	0.5	0.3	0.7

Source: Company presentation

Provision coverage on stage-3 assets improved to 43.2% from 41.2% in the previous quarter. Management has highlighted its use of data science and AI for early-warning signals and collections, and it lists “reduction in credit costs through data science & analytics” as a key lever for future return-on-equity expansion .

Co-lending and Fee Income Add Capital-Efficient Growth

Co-lending and direct assignment AUM stood at ₹8,508 crore, or 20.3% of consolidated AUM. This off-balance-sheet model allows Capri Global to earn spread and servicing fees while conserving capital. Co-lending income contributed ₹65 crore to non-interest income in Q1 FY27 .

The insurance distribution business, an asset-light fee stream, generated ₹42 crore in income for the quarter, up 66% YoY, through partnerships with 22 insurers. Car loan origination volumes rose 43% YoY to ₹3,283 crore, adding another ₹32 crore in net fees. Together, these fee lines are diversifying revenue and supporting return ratios .

Branch Network and Capital Position

The total branch network reached 1,433, including 1,000 dedicated gold loan branches. The company plans to open 750–800 more branches over the next two years, targeting underpenetrated states like Tamil Nadu, Karnataka, and Andhra Pradesh . Despite the expansion, capital adequacy remains comfortable at 24.7% (CRAR), well above the regulatory minimum, and the debt-to-equity ratio stood at 3.7x. Liquidity was strong at ₹6,873 crore in cash, investments, and undrawn lines .

The Q1 FY27 performance puts Capri Global within striking distance of its medium-term targets of 19–21% RoAE and 4.2–4.7% RoAA, with the gold loan engine and co-lending partnerships providing the thrust.

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Gold Loans Power the AUM Engine

Margins Widen as Costs Stay in Check

Asset Quality Stays Resilient

Co-lending and Fee Income Add Capital-Efficient Growth

Branch Network and Capital Position

Sources