The Indian stock market witnessed a turbulent end to last week, snapping its six-day winning streak with sharp corrections across major indices. From global central bank signals to domestic liquidity trends, multiple forces are converging as we step into a new trading week. So what does it all mean for investors, traders, and anyone keeping an eye on Dalal Street? In this post, we’ll break down the top 5 key triggers that are likely to influence the Indian stock market over the next few days. Whether you're an active investor or just someone interested in financial markets, this guide will help you stay ahead of the curve. 📉 Market Snapshot: Where Things Stand Now Before diving into what’s next, here’s how the market closed on Friday, August 22, 2025: Nifty 50: Down by around 213 points to close at 24,870 Sensex: Down by around 693 points, ending at 81,306 Bank Nifty: Down by around 606 points, finishing at 55,149 Heavy profit-booking was seen across sectors, particularly ahead of...
India’s NBFC sector is expected to grow at a steady pace of 13–15% in FY26.
Driven by strong retail credit demand, digital innovation, and wider financial inclusion. While growth is moderating slightly from earlier highs, the sector remains resilient with rising co-lending activity and a focus on secured lending boosting stability and returns. Among these players, Capri Global NBFC stands out with a robust, multi-pronged lending model and a structured, tech-led growth approach.
Below are the company's Financial report with Segment Highlights:-
Gold Loans AUM tripled YoY to ₹6,500 cr in Q2 FY25 (+225%)
MSME Lending AUM ₹4,800 cr; secured loans to small businesses
Housing Finance Affordable housing via CGHFL; AUM ₹4,271 cr (+33%)
Construction Finance AUM ₹3,346 cr (+63% YoY)
Co-lending & Auto Loans Partnerships with banks; insurance & car loan distribution; non-interest income now ~27–31%
Key features:-
- Interest + Fee Revenue: A dual income stream — interest from lending and non-interest fees from insurance, advisory, car-loan origination.
- Tech-led operations: In-house loan origination system, AI underwriting, Pragati app, and chatbot capriglobal.ai.
- Strong capital base: QIP of ₹2,000 cr backed by marquee investors like Prashant Jain’s 3P, BlackRock, ICICI Prudential, etc.
📊 Recent Financial Performance Q4 FY25 Highlights
Revenue: ₹649 cr, +43% YoY (–21% QoQ)
Profit After Tax: ₹82.6 cr, +27% YoY (–35% QoQ)
Interest Income: ₹739 cr (+48% YoY); Fee Income: ₹102 cr (+48% YoY)
Margin: Operating margin ~67.9%; cost-to-income ~64%
Q4 PAT jumped 115% YoY to ₹178 cr on revenue growth
FY25 (Mar ’25): Annual revenue ₹3,163 cr (+40% YoY); PAT ₹479 cr (+71% YoY)
Growth Stats: Q2 FY25 AUM: ₹19,273 cr (+56% YoY), targeting ₹30,000 cr by FY27
Branch Expansion: 1,111 branches across India
Gold Loans Surge: AUM up 130–225% in FY25
Non-Interest Income: ~27–31% of total revenue
💡 Strategic Advantages
- Diversified Loan Portfolio – Helps absorb sector-specific shocks.
- Hybrid Revenue Model – Fees and insurance distribution stabilize earnings.
- Technology-Driven – Faster credit decisions, scalable customer experience.
- Strong Institutional Support – ₹2,000 cr QIP strengthens capital base
- Efficient Operating Metrics – Declining cost-to-income (<65%), improving margins.
⚠️ Potential Risks
- Single-quarter volatility: Q4 QoQ PAT drop reflects sensitivity to demand cycles.
- High valuation: Premium multiples may limit upside without continued outperformance.
- Asset quality: GNPA ~2% in Q1 FY25; slippages from construction finance need monitoring
- Funding dynamics: Dependent on capital markets; rising interest costs can compress margins.
📌 Investor Takeaways
Long-Term Play: Strong for investors focused on a growth-rich NBFC with diversified income and tech edge.
Management Commentary – FY25
With over 1,111 branches and more than 7 lakh customer relationships, we’ve significantly expanded our reach, especially in Tier 2 to Tier 4 cities.
Our non-interest income also grew well—contributing over 27% to net income—mainly from insurance distribution and car loan origination. These fee-based, asset-light businesses not only boost ROE but also strengthen customer relationships.
Technology continues to power our operations. Our fully digital loan journey—including the *Pragati* app for sales, *Capri Loan* app for customers, *CollectXpress* for collections, and *LoanXpress* for origination—has improved efficiency and customer experience. In gold loans, we now offer disbursals in under 30 minutes with AI-backed security and underwriting systems.
Our consolidated AUM grew 46% YoY to ₹22,857 crore. Gold loan AUM alone jumped 130% to ₹8,042 crore, supported by 803 dedicated branches and a seamless digital journey. Affordable housing saw 24% growth, with strong demand in smaller towns. Q4 disbursements stood at ₹8,389 crore, up 41% YoY, with nearly our entire portfolio being secured by collateral.
Co-lending continued to gain traction with AUM rising to ₹4,079 crore (18% of total), up from 12% last year. This model boosts ROE while conserving capital.
Our MSME and housing finance segments together form 46% of total AUM. MSME AUM reached ₹5,278 crore, while housing finance stood at ₹5,202 crore, both growing 24% YoY. Our Micro LAP initiative across 84 branches is fueling MSME growth.Construction finance AUM grew 58% to ₹4,133 crore, driven by steady demand in residential real estate. We now finance 282 projects with an average ticket size of ₹27 crore, mainly in metro and Tier 1 cities.
On the earnings side, Q4 net interest income rose 49% YoY to ₹381 crore, with full-year NII at ₹1,332 crore, up 35%. Yields and spreads improved to 17.3% and 7.8%, respectively, driven by gold and housing loan pricing.
Fee income from car loan origination reached ₹96 crore, backed by disbursements of ₹10,700 crore across 813 locations. Insurance fee income stood at ₹73 crore, and co-lending contributed ₹165 crore. These businesses are helping scale capital-efficient growth.
Our distribution network now includes over 11,000 employees. With major investments in place, the focus is now on boosting branch productivity. Cost-to-income ratio improved to 54.8% in Q4 FY25 from 70.5% a year ago, helping pre-provisioning profit grow 132% YoY to ₹254 crore for Q4.
Asset quality remains healthy. Gross Stage 3 assets declined to 1.5% (vs 1.9% last year), and Net Stage 3 to 0.9%. Credit costs were well-managed at ₹101 crore for the year. Our liquidity remains strong with ₹1,827 crore in cash and undrawn lines. Capital adequacy remains solid at 22.8% for CGCL and 26.9% for CGHFL.
Consolidated net profit for FY25 rose 71% YoY to ₹479 crore. Q4 profit was ₹178 crore, up 115% YoY. ROE and ROA for the quarter stood at 16.9% and 3.6%, respectively.
We continue investing in AI for smarter underwriting, fraud detection, and collections. Our tech-led collection process is driving ~99% efficiency. Faster turnaround times are helping us better meet customer expectations.
On the ESG front, we scored 49 in S\&P Global’s Sustainability Assessment—well above the industry average—and ranked in the 99th percentile globally for financial inclusion. We've aligned operations with the UN SDGs, focused on creating a safe, diverse workplace, and strengthened governance through a robust oversight framework.
Hold vs. Add: A “hold-to-add-on-growth-confirmation” strategy works well given strong fundamentals, though short-term momentum may be choppy.
🎯 Conclusion :-
Capri Global Capital is evolving into a powerful, multi-product NBFC underpinned by institutional support and tech-led growth. With AUM skyrocketing, a diversified revenue model, and a ₹30,000 cr target, it's well-positioned — though valuation and execution risks remain. Capri Global’s strong fundamentals suggest long-term potential for investors looking at the NBFC space—though timing and execution remain key factors
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