Capital Trust Ltd. (India) (CAPTRUST) AI Stock Analysis

• Market Cap: ₹628.92M
• Dividend Yield: N/A
• Average Volume (3M): 15.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -26.63%
• EPS Growth: -1320.85%
• Country: IN
• Employees: 1,834
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): -0.95
• Shares Outstanding: 46,169,190
• 10 Day Avg. Volume: 25,804
• 30 Day Avg. Volume: 15,226
• PEG Ratio: -2.82
• Price to Book (P/B): 1.77
• Price to Sales (P/S): 1.80
• P/FCF Ratio: -7.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: ₹14.00 ▲(8.02% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Capital Trust Ltd. is facing significant financial and technical challenges. The company's declining revenues, low profitability, and negative cash flows are major concerns. Technical indicators suggest bearish momentum, and valuation metrics are poor with a negative P/E ratio. These factors contribute to a low overall stock score.

Positive Factors

High gross profit margin

A 100% gross profit margin implies the company's core lending and fee activities incur very low direct costs, creating a durable buffer to absorb fixed operating expenses. This structural margin strength supports long-term resilience and capacity to reinvest in product and distribution even if revenues fluctuate.

Diversified revenue sources

Multiple revenue channels—interest from lending, advisory fees, commissions and institutional partnerships—reduce dependence on a single product. This diversification supports stable top-line cash generation across cycles, enhances cross-sell opportunities to SMEs and retail clients, and strengthens structural business resilience.

Manageable leverage profile

A debt-to-equity slightly above 1 signals moderate leverage that can support credit growth without extreme financial strain. Structurally, this level of leverage allows the company to expand its loan book and earn spread while remaining within a range that can be managed by prudent asset-liability and funding strategies over the medium term.

Negative Factors

Declining revenue trend

Sustained revenue declines reduce scale economics and weaken the firm's ability to cover fixed costs and invest in growth. Over a 2-6 month horizon this trend signals shrinking origination or client activity, which undermines long-term competitive positioning and will pressure margins and reinvestment capacity unless reversed.

Weak cash generation

Negative operating and free cash flow is a durable concern because it constrains the company's ability to service debt, fund loan growth, and invest in operations without external financing. Persistent cash deficits increase refinancing risk and limit strategic flexibility, especially given the firm's leveraged balance sheet.

Low profitability and returns

Very low net margins and ROE indicate the company struggles to convert revenue into shareholder returns. Structurally this implies limited capacity to build retained earnings, attract capital, or fund organic growth, and it increases sensitivity to credit losses or cost pressures over the medium term.

Capital Trust Ltd. (India) Business Overview & Revenue Model

Company Description

Capital Trust Limited, a non-banking finance company, provides capital magic and micro business loans in India. The company serves agriculture, dairy and livestock, food, home improvement loan, manufacturing, retail, services, small commercial vehicle, trading, and two wheeler sectors. It operates in 10 states through 229 branches in Delhi, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Punjab, Rajasthan, Odisha, Bihar, Chhattisgarh, and Jharkhand. The company was incorporated in 1985 and is based in New Delhi, India.

How the Company Makes Money

CAPTRUST generates revenue through various channels, including interest income from loans provided to customers, fees from advisory and consulting services, and commissions from investment products sold. The company typically charges interest on the loans it disburses, which forms a significant part of its revenue. Additionally, CAPTRUST earns fees for managing investments and providing financial advisory services, enhancing its earnings through a diversified portfolio of financial products. Key partnerships with financial institutions and local businesses also play a crucial role in expanding its reach and customer base, thereby contributing to its overall revenue growth.

Capital Trust Ltd. (India) Financial Statement Overview

Summary

Capital Trust Ltd. faces financial challenges with declining revenues and low net profit margins. The company maintains a high gross profit margin but struggles with cash flow generation and has a leveraged balance sheet.

Income Statement

Capital Trust Ltd. has experienced a decline in revenue over the past few years, with a significant drop of 17% in the most recent year. The gross profit margin remains high at 100%, indicating effective cost management. However, the net profit margin is low at 1.45%, reflecting challenges in converting revenue into profit. The EBIT and EBITDA margins are also modest, suggesting limited operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is slightly above 1, indicating a balanced but leveraged capital structure. Return on equity is low at 1.29%, pointing to limited profitability for shareholders. The equity ratio is not directly provided, but the company's leverage suggests moderate financial stability.

Cash Flow

The cash flow situation is concerning, with negative operating and free cash flows in the latest period. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is significantly negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and accounting profit.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	719.38M	844.46M	583.18M	647.72M	851.94M	943.57M
Gross Profit	209.95M	312.28M	177.37M	230.66M	343.06M	369.71M
EBITDA	-35.17M	49.94M	48.49M	-472.26M	19.77M	-176.07M
Net Income	-79.46M	11.11M	21.46M	-456.41M	-108.20M	-236.25M
Balance Sheet
Total Assets	1.80B	2.04B	1.79B	1.88B	3.54B	4.07B
Cash, Cash Equivalents and Short-Term Investments	141.00M	570.30M	254.68M	212.48M	672.72M	844.33M
Total Debt	922.00M	1.02B	800.85M	959.28M	2.08B	2.57B
Total Liabilities	1.02B	1.18B	1.03B	1.14B	2.34B	2.76B
Stockholders Equity	859.28M	859.28M	767.00M	745.38M	1.20B	1.31B
Cash Flow
Free Cash Flow	0.00	-200.42M	196.03M	741.05M	155.27M	176.44M
Operating Cash Flow	0.00	-193.53M	201.28M	742.54M	158.84M	179.32M
Investing Cash Flow	0.00	-105.76M	-10.12M	420.74M	-1.45M	-2.43M
Financing Cash Flow	0.00	294.87M	-150.31M	-1.13B	-494.05M	-135.01M

Capital Trust Ltd. (India) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CAPTRUST, the sentiment is Negative. The current price of 12.96 is below the 20-day moving average (MA) of 14.69, below the 50-day MA of 13.88, and below the 200-day MA of 31.40, indicating a bearish trend. The MACD of -0.26 indicates Positive momentum. The RSI at 35.61 is Neutral, neither overbought nor oversold. The STOCH value of 12.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CAPTRUST.

Capital Trust Ltd. (India) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BAIDFIN	64 Neutral	₹1.72B	8.34	―	0.85%	27.19%	73.43%
IITL	54 Neutral	₹2.77B	32.03	―	―	-90.21%	-106.42%
MAHAPEXLTD	54 Neutral	₹1.33B	6.44	―	―	-6.94%	-97.47%
TRU	44 Neutral	₹820.15M	-0.53	―	0.12%	-26.94%	-1105.24%
CAPTRUST	38 Underperform	₹628.92M	-1.24	―	―	-26.63%	-1320.85%