DRChoksey has initiated coverage on Capri Global Capital Ltd. with a 'Buy' rating and set a target price of ₹316, implying a potential upside of 23% from the current level of ₹256. According to the brokerage report, the NBFC is at an inflection point, with its gold-loan franchise moving from branch-led expansion to a more scalable, volume-driven model. The brokerage sees three structural drivers supporting the next leg of growth: rising customer and branch productivity, sustained operating leverage as the existing cost base scales, and increasing use of co-lending to improve capital efficiency.
Capri Global Capital's shares surged 9% on August 26 to ₹260.85, driven by increased trading volumes despite no clear fundamental trigger. According to reports from LiveMint, nearly 24.4 million shares changed hands across NSE and BSE as of 2:45 PM, representing approximately 3.5 times the average weekly volume. The rally marked the stock's third consecutive day of gains, taking its cumulative rise over the three sessions to 16.5% based on the day's high.
The latest run has pushed the stock's year-to-date gains to over 40%, providing much-needed relief to shareholders after the stock remained largely muted in each of the previous two years. As reported by LiveMint, the stock has delivered returns of nearly 2,000% over the past decade, demonstrating significant long-term wealth creation for investors. Wednesday's rally also occurred while the broader Indian stock market remained largely range-bound.
For the June-ended quarter, the company reported a strong set of numbers with consolidated net profit more than doubling to ₹353 crore, driven by higher margins and improved operating efficiencies. According to LiveMint, this compared to a net profit of ₹175 crore in the year-ago period. The company's total income rose to ₹1,581 crore in the first quarter from ₹1,000 crore in the corresponding quarter last year. Interest income also increased to ₹1,323 crore during the quarter from ₹806 crore a year earlier.
The NBFC's consolidated assets under management (AUM) surged 62% year-on-year to ₹40,112 crore at the end of the quarter, led by robust growth in its retail loan segments, particularly gold loans and MSME financing. As reported by LiveMint, the company has fixed Friday, September 11, 2026 as the record date for determining shareholders eligible to receive a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. The 32nd Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026.
According to CNBC TV18, the company's gold loan customers increased to 7.48 lakh, up by 5-6% from last year while the gold loan-to-value was at 71%. Management indicated that the company is planning to add 400 new branches in gold loans with per-branch assets under management (AUM) around ₹19 crore. Last month, Capri Global's Rajesh Sharma told CNBC-TV18 that in the first quarter, the company saw some increase in delinquency, with the bulk of the increase in stage 2 from gold loans, though gold loan portfolio delinquency remains under control. The company expects to maintain this net interest margin (NIM) with return on assets at 4.5% and return on equity in the 20-21% range.
As reported by CNBC TV18, 1 crore shares, or 1.4% equity, worth ₹250 crore changed hands at ₹246 per share in block deals on Friday, August 28. The official buyers and sellers in these transactions are not yet known. At the end of the June quarter, promoter entities held 60% stake in Capri Global Capital while public shareholders held 40% stake in the company. According to CNBC TV18, shares of Capri Global Capital were trading 0.4% up at ₹345.78 at 9:40 AM on Friday, with the stock having gained 7.7% in the past month and 32.6% this year.
