CGCL / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Capri Global Capital · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY26 · 2025-08-01Back to quarter ↗

Questions audited

Answered directly

92%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Gorav Puroit · systematics

direct

Will growth exceed 30% guided range given momentum?

I think we are going to remain on course for a 30% growth and we believe that is quite healthy growth. We don't think we are going to exceed that this year.

Gorav Puroit · systematics

direct

What gives comfort on growth and risks in MSME?

Our confidence comes from collateralized portfolio... we have seen some slippage more particularly from Madhya Pradesh where we are toning down disbursements... overall delinquency is still very healthy, GNP about 1.7%, net NP about 1%.

Gorav Puroit · systematics

partial

Will slippages come down significantly in coming quarters?

Slippages will not be as much as what we have seen. Overall asset quality remain in the range we have projected. Gross NPA will never cross 2%, net NPA will never cross 1.2%.

Gorav Puroit · systematics

direct

Progress on credit rating upgrade?

Exercise is on, we should see the result by mid of September.

Gorav Puroit · systematics

direct

Reduction in cost of funds from Q3 onward?

Incremental borrowing are going to be at a lower level by at least 30 to 40 basis. By end of year overall cost of fund should come down by 40 to 50 basis.

Gorav Puroit · systematics

partial

Stress in microfinance book and strategy?

We are growing that book cautiously. Delinquency has risen in microfinance segment. We are creating differentiation using technology and data science. We have gone slow till full stack technology rollout by end September.

Shwa Padhi · SBS securities

direct

Cost to income ratio outlook for FY26?

We expect cost to income ratio to remain in the range about 50% throughout the year. If we remove impact of branch additions, it would be about 46 to 47%.

Chintan Sha · ICICI securities

direct

Confidence on NPA guidance and collections?

We have a strong collection team of 520 people, analytics in place. Collection efficiency about 97% upward. MSME is 100% collateralized with LTV cushion about 55%. Focus on resolving old NPA faster.

Chintan Sha · ICICI securities

direct

AUM growth trajectory beyond FY26?

We are confident to achieve 30% growth for next few years by targeting AUM of 50,000 cr by FY28 and maintaining ROA at 3.5% upwards.

Sag Sha · Spark Capital

direct

Credit cost outlook for FY26?

Credit cost has been in range about 60 basis. At most it will not go beyond 70 basis. Q1 is seasonally higher, Q2 to Q4 we see recovery.

Sag Sha · Spark Capital

direct

Gold loan co-lending percentage outlook?

We intend to project co-lending in the range of anything between 18 to 20% range and we intend to maintain this.

Akash Ja · AG Gulf

direct

Return ratios post fund raise of 2000 cr?

This year we are confident to deliver ROE in range of 13.5 to 14% and ROA not less than 3.5%. Next year ROA about 4% and ROE 16 to 17%.