Capri Global Capital Limited (CGCL) AI Stock Analysis

• Market Cap: ₹152.74B
• Dividend Yield: 0.11%
• Average Volume (3M): 136.90K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.85
• Revenue Growth: 43.41%
• EPS Growth: 109.52%
• Country: IN
• Employees: 6,820
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 2.65
• Shares Outstanding: 962,154,000
• 10 Day Avg. Volume: 118,509
• 30 Day Avg. Volume: 136,895
• PEG Ratio: 0.42
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 4.90
• P/FCF Ratio: -3.25
• 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): 9.43
• Revenue Forecast (FY): ₹32.09B

• Rating: 52 Neutral
• Price Target: ₹159.00 ▼(-13.56% Downside)
• Action: Reiterated Date: 11/26/25
• Date: Action: Reiterated 11/26/25

Capri Global Capital Limited's overall stock score is primarily influenced by its financial performance and technical analysis. The company shows strong revenue growth but faces challenges with profitability and cash flow management. The technical indicators suggest bearish momentum, which could impact short-term stock performance. The valuation is fair, but the low dividend yield might not attract income-focused investors.

Positive Factors

Revenue Growth

Sustained top-line expansion indicates successful loan origination and market penetration. For an NBFC, recurring revenue growth supports scale benefits across branches, improves cross-sell opportunities, and provides a larger base to absorb credit costs if underwriting quality is maintained, underpinning medium-term franchise strength.

Secured, Branch-Led Business Model

A collateral-backed loan mix and a branch-led origination model create durable advantages: lower loss severity from secured assets, diversified local sourcing via branches, and ecosystem partnerships for deal flow. This structure supports more predictable credit outcomes and sustainable scale versus unsecured niche lenders.

Improving Return on Equity

An elevated ROE reflects better use of shareholder capital and, combined with a reported EBIT margin (22.58%), signals operational leverage. If maintained, higher ROE supports reinvestment and capital formation, improving long-run profitability resilience versus peers with weaker returns.

Negative Factors

High Leverage

Heavy reliance on debt increases interest-rate and rollover risk for an NBFC that funds lending via borrowings. Elevated leverage narrows buffers against credit losses or funding shocks, limits strategic flexibility, and raises the probability that tightening market liquidity will constrain growth or force expensive refinancing.

Weak Cash Generation

Negative operating cash flows and declining free cash flow reduce the company’s ability to self-fund loan book growth and absorb stress. Reliance on external funding increases refinancing exposure and elevates liquidity risk, making long-term growth and capital allocation vulnerable to market funding conditions.

Margin Pressure and Profitability Decline

Material margin compression and volatile gross margins suggest rising funding or credit costs and inconsistent pricing power. Sustained falls in profitability impair capital build-up, weaken loss-absorption capacity, and reduce flexibility to invest in technology or distribution without external capital.

Capri Global Capital Limited Business Overview & Revenue Model

Company Description

Capri Global Capital Limited, a non-banking finance company, provides financial services in India. It offers home loans; micro, small, and medium enterprises (MSME) loans; housing loans; construction finance, including project funding and structured debt financing; indirect lending; business loans; working capital loans; and term loans against property. The company was formerly known as Money Matters Financial Services Limited and changed its name to Capri Global Capital Limited in July 2013. Capri Global Capital Limited was incorporated in 1994 and is based in Mumbai, India.

How the Company Makes Money

Capri Global Capital Limited generates revenue through several key streams. Primarily, the company earns interest income from its lending activities, which include personal loans, business loans, and mortgage financing. Additionally, CGCL generates income from fees associated with loan processing and servicing. The company also earns revenue from its asset management division, which involves managing investment funds and portfolios for clients, charging management fees based on assets under management. Strategic partnerships with financial institutions and a strong focus on risk management further enhance CGCL's profitability by enabling it to expand its lending capabilities while maintaining a healthy asset quality.

Capri Global Capital Limited Financial Statement Overview

Summary

Capri Global Capital Limited shows strong revenue growth and operational efficiency, but faces challenges with profitability margins and cash flow management. The high leverage on the balance sheet poses potential risks, although returns on equity have improved. The company needs to address cash flow issues to ensure sustainable financial health.

Income Statement

Capri Global Capital Limited has shown a solid revenue growth rate of 15.59% in the most recent year, indicating strong top-line expansion. However, the gross profit margin has fluctuated significantly, with a negative margin in 2024, impacting overall profitability. The net profit margin has decreased from 20.92% in 2024 to 14.72% in 2025, suggesting pressure on net earnings. Despite these challenges, the company maintains a reasonable EBIT margin of 22.58%, reflecting operational efficiency.

Balance Sheet

The company exhibits a high debt-to-equity ratio of 3.62, indicating significant leverage which could pose financial risks. The return on equity has improved to 11.12% in 2025, showing better utilization of shareholder funds. However, the equity ratio remains low, suggesting a reliance on debt financing. Overall, the balance sheet reflects a leveraged position with moderate returns.

Cash Flow

Capri Global Capital Limited faces challenges in cash flow management, with negative operating and free cash flows in recent years. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow covers net income, but the negative growth in free cash flow is concerning. The operating cash flow to net income ratio is negative, highlighting cash flow issues relative to earnings.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	31.54B	29.04B	20.82B	13.26B	8.86B	6.70B
Gross Profit	9.84B	8.57B	6.02B	4.25B	3.82B	2.94B
EBITDA	9.15B	7.68B	4.88B	3.28B	2.86B	2.49B
Net Income	5.78B	4.79B	2.79B	2.05B	2.05B	1.77B
Balance Sheet
Total Assets	0.00	208.31B	151.50B	117.95B	71.53B	58.13B
Cash, Cash Equivalents and Short-Term Investments	0.00	15.31B	8.66B	15.10B	5.72B	8.26B
Total Debt	0.00	155.77B	104.07B	75.11B	48.57B	37.69B
Total Liabilities	-43.04B	165.27B	113.13B	82.29B	52.30B	40.96B
Stockholders Equity	43.04B	43.04B	38.37B	35.65B	19.22B	17.17B
Cash Flow
Free Cash Flow	0.00	-43.77B	-37.68B	-31.25B	-13.53B	-3.57B
Operating Cash Flow	0.00	-43.12B	-37.00B	-29.94B	-13.41B	-3.53B
Investing Cash Flow	0.00	600.48M	-70.51M	520.93M	4.67B	-4.64B
Financing Cash Flow	0.00	51.18B	28.70B	40.96B	11.76B	8.92B

Capri Global Capital Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 183.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CGCL, the sentiment is Negative. The current price of 183.95 is above the 20-day moving average (MA) of 171.24, above the 50-day MA of 175.59, and above the 200-day MA of 180.91, indicating a bearish trend. The MACD of -4.48 indicates Positive momentum. The RSI at 26.22 is Positive, neither overbought nor oversold. The STOCH value of 14.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CGCL.

Capri Global Capital Limited 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%
IIFL	64 Neutral	₹212.37B	13.98	―	―	8.01%	-20.87%
FIVESTAR	59 Neutral	₹120.08B	14.49	―	0.36%	20.44%	13.10%
CREDITACC	56 Neutral	₹194.00B	20.20	―	0.77%	0.75%	-90.03%
IFCI	55 Neutral	₹152.04B	-220.42	―	―	-12.62%	175.71%
CGCL	52 Neutral	₹152.74B	17.22	―	0.11%	43.41%	109.52%
MANAPPURAM	49 Neutral	₹238.86B	27.09	―	0.80%	-3.68%	-80.12%

Capri Global Capital Limited Corporate Events

Capri Global Board Clears Q3 FY26 Results, $1 Billion GMTN Plan and Rs 200 Crore Housing Finance Infusion

Capri Global Capital Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, along with an unmodified limited review report from the joint statutory auditors, a statement on the utilisation of proceeds from non-convertible securities, and the required security cover certificate, in line with SEBI listing regulations. In a significant funding move, the board cleared the establishment of a Global Medium Term Note programme of up to USD 1 billion for issuance of foreign currency bonds or other debt securities to overseas investors, and also approved a further equity infusion of Rs 200 crore into its wholly owned subsidiary Capri Global Housing Finance Limited via a rights issue, while noting a change in internal reporting structure under which Hardik Doshi will no longer be classified as senior management personnel.

Capri Global Clears $1 Billion GMTN Plan and Rs 200 Crore Infusion into Housing Finance Arm

Capri Global Capital Limited’s board has approved a series of measures including the establishment of a Global Medium Term Note (GMTN) programme of up to USD 1 billion to raise funds via foreign currency bonds or other debt securities, which will be issued overseas and not offered to investors in India, subject to market conditions and regulatory approvals. The board also cleared the unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, along with an unmodified limited review report, approved statutory disclosures on the use of proceeds from non-convertible securities and security cover, sanctioned a further Rs 200 crore equity investment in its housing finance subsidiary CGHFL via a rights issue to support its capital base, and noted a change in senior management classification following an internal reporting restructure, underscoring the company’s efforts to strengthen funding, governance, and subsidiary growth.

Capri Global Unveils $1 Billion GMTN Plan, Injects ₹200 Crore into Housing Finance Arm

Capri Global Capital’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, along with an unmodified limited review report, and disclosed the utilisation of proceeds from non-convertible securities and the requisite security cover, in line with SEBI listing regulations. In a key funding move, the board cleared the establishment of a Global Medium Term Note programme of up to USD 1 billion for issuing foreign currency-denominated debt to offshore investors, and sanctioned a further investment of Rs 200 crore in equity of its housing finance subsidiary via a rights issue, underscoring its intent to strengthen capital and diversify funding sources; additionally, it announced that Hardik Doshi will no longer be classified as senior management personnel following changes in the internal reporting structure.

Capri Global Releases Q3 FY26 Earnings Investor Presentation

Capri Global Capital Limited has announced that it has made available its Q3 FY26 earnings investor presentation to the stock exchanges and on its website, in line with regulatory disclosure requirements under SEBI’s listing regulations. The company has also linked this disclosure to its previously announced earnings conference call scheduled for 2 February 2026, signalling continued engagement and information-sharing with investors and other stakeholders through formal quarterly updates on its financial performance.

Capri Global Profit Nearly Doubles as AUM Jumps 47% in Q3 FY26

Capri Global Capital Limited reported a sharp expansion in its lending franchise in the third quarter of FY26, with consolidated assets under management rising 47.1% year-on-year to ₹30,406 crore, led by strong growth in gold loans (up 80.2%), affordable housing and construction finance. Disbursements surged 87% year-on-year to ₹10,879 crore, while consolidated profit after tax nearly doubled to ₹255 crore, supported by a 65.8% jump in net total income and improved asset quality, as the gross Stage 3 ratio declined to 1.2% and provisioning coverage increased. Key profitability metrics strengthened, with spreads, RoAA and RoAE all improving versus the prior year, although the cost-to-income ratio edged higher sequentially, underscoring continued investment in scaling operations; the robust growth and strong capital position reinforce the company’s position as an aggressive but relatively prudent lender in its core segments.

Capri Global Says Statutory Auditor Converts to LLP Without Affecting Audit Mandate

Capri Global Capital Limited has announced that its statutory auditor, MSKA & Associates, Chartered Accountants, has been converted from a partnership firm into a Limited Liability Partnership under the Limited Liability Partnership Act, 2008, and will now operate as MSKA & Associates LLP with an updated ICAI firm registration number. The company clarified that this structural change for the audit firm does not alter the scope or continuity of its audit engagement, does not amount to a resignation or fresh appointment of auditors, and therefore has no impact on Capri Global’s ongoing statutory audit arrangements or financial reporting processes.

Capri Global’s CRISIL A1+ Rating Reaffirmed as Commercial Paper Limit Raised to Rs 1,500 Crore

Capri Global Capital Limited has had its short-term credit rating of ‘CRISIL A1+’ reaffirmed by CRISIL Ratings Limited and simultaneously secured an enhancement in the limit of its commercial paper programme from Rs 700 crore to Rs 1,500 crore. The strengthened rating position and expanded commercial paper capacity are expected to support the company’s funding flexibility and liquidity profile, potentially enabling it to tap short-term debt markets more efficiently and underpin its competitive standing among Indian non-banking financial companies.