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).
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
92%Questions answered1Evaded / deflected12Questions auditedContradictedNumbers vs filing
Answered
High priority
Target gold loan mix and branch addition plans
Asked by Ishan Gupta, Choice Institutional Equities
Management gave specific targets for mix and branch additions.
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Question
gold mix is already reached 46%... what would be our target for the golden mix?
Rajesh G (CEO)
gold loan mix can be reach about 50%... next two years we would like to add about 700 to 800 branches including gold loan... this year we should be able to add about 350 branches in gold loan alone
Evasive
High priority
Sustainable yield for gold loan and blended yield
Asked by Ishan Gupta, Choice Institutional Equities
Management did not provide a sustainable yield number, instead discussed volume compensation.
no specific yield target givendeflected to volume growth
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Question
our yields on gold loan have again dropped sequentially by 90 bps... what would be the sustainable yield for the gold loan segment and overall blended yield?
Rajesh G (CEO)
we lower the yield but we are able to do downell through the co-lending route... overall profitability and contribution per branch while the yield has gone down that is compensated by much higher volume growth
Answered
Medium priority
Target co-lending mix in gold loan
Asked by Ishan Gupta, Choice Institutional Equities
Management gave a clear target of 20% co-lending mix.
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Question
the co-lending aum in the gold loan segment has reduced frequently from 39 odd,000 to 31%... what would be the target in terms of co-lending?
Rajesh G (CEO)
a company between the DA and co-lending it will remain in the range of 20% is the target... 20% overall will remain in the co-lending in DA across mix of all MSME gold and housing
Answered
High priority
Further reduction in cost of funds and guidance
Asked by Ishan Gupta, Choice Institutional Equities
Management provided specific guidance on cost of funds reduction and targets.
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Question
we have witnessed a reduction of 18 to 20 bps... is there a possibility of further reduction and if yes how much over the course of next two years?
Rajesh G (CEO)
we should be able to do about 10 to 20 basis this year... for the year 9% conservatively you can consider 9%... if the credit rating happens in next 6 to 9 months... further cost of fund will go down by another 20 basis
Answered
High priority
Sustainable credit cost guidance
Asked by Ishan Gupta, Choice Institutional Equities
Management gave a clear sustainable credit cost range of 7%.
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Question
our credit sustainable credit cost could be 6 or 7% means for the year because for the quarter it came at 8%
Rajesh G (CEO)
sustainable our credit cost will remain by and large in the range of 7... we have taken about 16 cr rupees additional management overlay... barring that if you look at our asset quality it has been best in the quarter
Answered
Medium priority
Strategy for car loan entity and profit target
Asked by Sidesh, PL Capital
Management provided specific profit targets and product expansion plans.
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Question
on the car loan front... what is the strategy to monetize and what are the plans for starting other products?
Rajesh G (CEO)
car loan is a completely distribution business... next year we will be able to see that about 20 cr rupees of profit is able to deliver by the car loan entity alone... target is the next four five year this 20 cr has become to significant amount of 60 70 cr rupees
Answered
High priority
AUM mix and RoA/RoE guidance for FY27
Asked by Sidesh, PL Capital
Management gave specific mix and RoA/RoE targets.
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Question
how do you see AUM mix changing at the company level? ... can you help me with your AUM ro and roe target for FY27?
Rajesh G (CEO)
gold will become about close to 50% and rest of the three segment... will range between 16 to 18% each... our guidance for the FY27 our aim will be to achieve a RO about 4% and ROE not less than 16%
Answered
High priority
Growth expectations for non-gold verticals
Asked by Harpik Dhra, Chromo Credit Advisor
Management provided specific growth ranges for each vertical.
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Question
apart from gold loan on the other three verticals... how aggressive are we planning to grow these three verticals and what can be the growth expectations?
Rajesh G (CEO)
MSME will grow in the range about 20-25%, construction finance will also grow in the range about 25 to 30% and housing will also grow in the 25 to 30%
Answered
Medium priority
Origination growth trend in car loan segment
Asked by Suani Singh, SA Capital
Management gave specific growth range for car loan origination.
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Question
how do you see origination growth trending in the car loan segment?
Rajesh G (CEO)
we have seen about 18% growth. We expect our car loan will continue to grow in the range of 12 to 15% year on year
Answered
Medium priority
Impact of RBI co-lending guidelines on growth
Asked by Prince Chri, Prince World
Management explained the impact and provided a timeline for normalization.
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Question
what are the changes of RBI for the new guidelines of co-lending and how this will impact our growth for a couple of quarters?
Rajesh G (CEO)
RBI guideline... technology integration will take some time... we expect the company to resume at the full volume with the co-lending partners in the quarter of July to September
Answered
Medium priority
Rationale for entering capital market and fee income contribution
Asked by Samia, Nirva Capital
Management provided specific income targets from the new vertical.
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Question
what is the strategic rational behind entering capital market and how do you see this contributing to P&L income?
Rajesh G (CEO)
it will contribute to the fee income as well as also to reducing our negative carry... target income in the range about 40 to 50 cr rupees gross level at net level it will be in the range about 20 to 25 cr rupees
Answered
High priority
PAT guidance for FY27
Asked by Kushal, Individual Investor
Management gave a specific PAT guidance number.
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Question
our target is around 700 branches what is the PA guidance we are giving for FY27?
Rajesh G (CEO)
we have given the PAT guidance of next year FY27 about 1,300 cr
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| PAT guidance for FY27 is about 1,300 cr | ₹1,300 cr | ₹283 cr | Overstated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.