Board of directors of Capri Global Capital Ltd (CGCL), a diversified Non-Banking Financial Company (NBFC) with a presence in MSME, Affordable Housing, and Construction Finance segments, has approved a stock split and 1:1 bonus issue, and the company board has approved the issuance of Non-Convertible Debentures through public issue or private placement for up to Rs. 500 crore in tranches.
The company reported a net profit of Rs. 68 crore in Q3FY24, an 81.7% YoY increase from Q3FY23. The asset under management increased by 54.4% to Rs. 13,362.1 crore, a 54.4% YoY increase from Q3FY23. The company has inducted Mr. L V Prabhakar, Mr. Shishir Priyadarshi, and Ms. Nupur Mukherjee as additional independent directors, subject to shareholder approval. The company reported AUM of Rs. 124 billion in Q2FY24. With a focus on Gold Loan, Affordable Housing, and MSME loans, Capri Global aims to achieve AUM of Rs. 300 billion and a mid-teen ROE over the medium term.
The company has been named the Most Consistent Wealth Creator in Motilal Oswal’s 28th Annual Wealth Creation Study Report (2018-2023). It has outperformed the BSE Sensex in the last five years, with a 50% price CAGR. The company’s net profit and sales growth have been robust, with a CAGR of 26% and 33% respectively. Company plans to develop an insurance platform to maximize the Corporate Agency License from IRDAI.
