Capri Global Capital is a diversified Non-Banking Financial Company (NBFC) with a presence across diverse segments like MSME, Affordable Housing, Construction Finance segments, and Car Loan distribution; forayed into Gold Loans in August 2022. Capri Global Capital Limited is an India-based non-banking financial company with a presence primarily across two verticals: micro, small and medium enterprises (MSME) loans and home loans.
Capri Global Capital Limited (Earlier known as Money Matters Financial Services Ltd.) is a BSE Listed non-deposit-taking NBFC primarily focused on the business of financial advisory services (debt syndication) and trading in debt securities. Since 2011, the Company, a diversified NBFC, is playing a crucial role in the financial inclusion of India. The Company primarily caters to the financial needs in North and West India.
The company operates through multiple business verticals to serve diverse customer segments. It offers various products, such as loan to MSME/SME businesses, loans against property, construction finance / project finance, cash flow backed / asset backed financing, structured debt, working capital loans, indirect retail lending to NBFC, car loan, and co-lending with banks.
Its customers include primarily retail outlet owners, provision store owners, hardware equipment shop owners, or those providing services like education, transportation. Its construction finance business provides loans to small and mid-sized real estate developers.
The company has evolved significantly in its product offerings:
- FY11: Raised Rs. 450 Crore equity capital and started Construction Finance Business.
- FY13: MSME Lending.
- FY17: Housing Finance.
- FY22: Car Loans & Gold Loans.
During the year 2021-22, Company launched its car loan distribution business in January 2021 and formed alliance with top 5 banks namely Bank of Baroda, HDFC Bank, Union Bank of India, Indian Overseas Bank and Yes Bank to distribute their new car loan products.
Capri Global has a Market Capitalization of ₹15,968 Crore (down -21.6% in 1 year). Revenue: ₹3,248 Crore. Profit: ₹479 Crore. Stock is trading at 3.18 times its book value. The company has a low interest coverage ratio. The company has shown robust growth in recent quarters, with Capri Global Capital Ltd's net profit jumped 115.21% since last year same period to ₹177.74 Crore in Q4 FY2024-2025.
For the quarter ended March 2025 (Q4 FY25):
- Revenue: ₹958.05 Crore.
- Net Profit: ₹177.74 Crore.
- Capri Global Capital Ltd's revenue jumped 47.57% since last year same period to ₹958.05 Crore in Q4 FY2024-2025. On a quarterly growth basis, Capri Global Capital Ltd has generated a 16.57% jump in its revenue since last 3-months.
The company has been expanding its operational footprint significantly. It boasts an AUM of ₹10,320.4 Crore, with a strong distribution network of 736 branches spread across 15 States and Union Territories. In the first quarter of FY25, The consolidated AUM including co-lending AUM increased 56% YoY and 12% QoQ to touch ₹174,579 million.
Retail growth was driven by Housing Loans up by 40% YoY and Gold Loans up by 238% YoY. Co-lending AUM stood at ₹28,601 million, comprising 16.4% of consolidated AUM compared to 11.7% in Q4 FY24 and 8.9% in Q3 FY24. The overall AUM growth was granular with live customer relationships increasing by 197K QoQ to touch 588K.
Promoter Holding: 60.0%. However, recent data shows Promoter holding in Capri Global Capital Ltd has gone down to 69.87% as of March 2025 from 69.89% as of June 2024. The promoters of Capri Global Capital Ltd are Capri Global Holdings Private Limited and Rajesh Sharma. They collectively own 69.87% of the total equity.
The company operates with a subsidiary structure, with The company currently has one subsidiary, Capri Global Housing Finance Limited. There is no promoter pledging in Capri Global Capital Ltd.
The company has been undertaking strategic initiatives to expand its business reach. June 30: Capri Global to incorporate two wholly-owned subsidiaries for merchant banking and wealth management businesses. Additionally, June 30: Board approved issuance of up to ₹1,000 Crore secured non-convertible debentures.
The company has also been focusing on digital initiatives and partnerships. Capri Global Capital has launched an Auto Pay facility for gold loans, allowing automatic repayments from customers' bank accounts. This feature aims to enhance convenience and security, reducing the risk of missed payments and late penalties. Capri Partners with Heph for Insurance Solutions - May 30, 2025: Capri Global Capital Ltd has partnered with Heph to integrate a white-label Insurance SaaS platform into its lending ecosystem, enhancing customer offerings with various insurance products, including Group Health Insurance.
CGCL maintains a robust financial position with a strong standalone Capital Adequacy of 25.4% in Q1 FY25, supported by a net worth of ₹36.3 billion. Similarly, CGHFL boasts a CAR of 32.1% and a net worth of ₹8.0 billion ending Q1 FY25. This strong capital position provides the company with adequate resources to support its growth plans and regulatory requirements.
The company has been proactive in managing its asset quality. The PCR on Stage-3 loans enhanced to 42.8% in Q1 FY25 from 25.8% in Q1 FY24. Gross Stage 3 ratio stood broadly flat at 1.97% in Q1 FY25 from 1.92% as of Q4 FY24. These metrics indicate the company's focus on maintaining healthy asset quality while expanding its loan book.
With its diversified business model, strong financial performance, and strategic expansion plans, Capri Global Capital continues to play a significant role in India's financial services sector, particularly in serving the underserved segments of the economy.
