AUM
₹36,623 Cr
+60% YoY
Consolidated assets under management grew 60% year-on-year, driven by gold loan and housing segments.
CAPRIGLOBALCAPITAL
Financial Services
30 Apr 2026
Capri Global Capital Ltd — Q4 FY26
Capri Global delivered a strong Q4 FY26 with PAT of ₹283 crore (+59% YoY) and full-year PAT of ₹949 crore (+98% YoY).
✓ Verified against BSE filing
2-Min Summary
Capri Global delivered a strong Q4 FY26 with PAT of ₹283 crore (+59% YoY) and full-year PAT of ₹949 crore (+98% YoY). AUM grew 60% YoY to ₹36,623 crore, driven by gold loans (+111% YoY) and housing (+43% YoY). Asset quality improved sharply with GNPA at 0.9% (down 61bps QoQ). The company secured global credit ratings (S&P BB-, Moody's Ba3) and guided for AUM of ₹55,000 crore by FY28 with RoA of 4-4.5% and RoE of 16-18%. Key risk: temporary slowdown in co-lending volumes due to new RBI guidelines could impact near-term growth.
Key Numbers
Gold Loan AUM
₹6,965 Cr
+111% YoY
Gold loan AUM more than doubled YoY, supported by branch expansion and higher gold prices.
Gross NPA
0.9%
-61bps QoQ
Gross NPA improved to 0.9% from 1.5% in Q3, driven by strong collections across segments.
Branch Network
1,429
+98 QoQ
Net addition of 98 branches in Q4, with 89 gold loan branches added in southern and eastern regions.
Management Guidance
AUM target of ₹55,000 crore by FY28
Management revised FY28 AUM guidance upward to ₹57,000 crore, implying a CAGR of ~25%.
growthRoA of 4-4.5% and RoE of 16-18% by FY28
Target return ratios for FY28, with FY27 RoA guided at ~4% and RoE at least 16%.
marginsPAT guidance of ₹1,300 crore for FY27
Management guided for PAT of ₹1,300 crore in FY27, implying ~37% growth over FY26 PAT of ₹949 crore.
revenueCost of borrowings to decline ~20bps in FY27
Expect cost of funds to reduce by ~20bps to ~9% by end of FY27, with potential further 20bps from rating upgrade.
marginsKey Risks
Co-lending guideline impact
New RBI co-lending guidelines effective Jan 2026 may cause temporary slowdown in co-lending volumes for a couple of quarters as existing contracts expire and technology integration is completed.
medium · management_commentaryGold price volatility
Sharp decline in gold prices could increase LTVs and require margin calls or auctions, though management believes a 10-15% crash in a single day is unlikely.
medium · analyst_questionInterest rate hike risk
Potential rate hikes post-election could limit further reduction in cost of funds, impacting NIM expansion.
low · management_commentaryCapital adequacy pressure
Capital adequacy declined due to subsidiary investment; management plans to use DA/co-lending and raise Tier-2 capital to maintain buffers.
low · analyst_questionNotable Quotes
Capri technology and AI has become a mode and not merely a tool.
We have built and deployed our own specialized small language model that is domain trained model purpose built for financial services use cases in India.
Our gold loan mix can reach about 50%.