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Acuité Ratings said that the rating derives strength from healthy capitalization levels and strong resource raising ability of the Capri Global Group at competitive rates and adequate liquidity buffers. The company had raised fresh capital of Rs 1,440 crore during Q4 FY23 through rights issue which has helped them augment their capital position. CGCLs (standalone) CAR stood at 37.15 percent as on 30 June 2023. The rating considers CGCLs comfortable capitalization levels marked by networth of Rs 3,565.47 crore with a leverage at 2.11 times as on 31 March 2023.  The rating also draws strength from the sustained growth in AUM, driven by strong disbursements and healthy asset quality indicators, its wide geographical presence, and granularity of the assets. The AUM of CGCL (consolidated) increased to Rs 10,320.40 crore as on 31 March 2023 from Rs 6,632.90 crore as on 31 March 2022. Further, the AUM increased to Rs 11,226.20 crore as on 30 June 2023. CGCL on a consolidated basis reported gross nonperforming assets (GNPA) of 1.9 percent as on 30 June 2023.The rating is however constrained by moderation in the profitability metrices as indicated by a decline in return on average assets (ROAA) to 2.17% in FY 2023 from 3.18% in FY2022, continued delinquencies in MSME portfolio, and stagnant Net Profit for FY 2023. Further the rating also factors high concentration of loan portfolio in the top 5 states (Maharashtra, Madhya Pradesh, Rajasthan, Haryana and Gujarat) comprising approximately 80 percent of the AUM, moderate seasoning of the scaled-up loan book and its incremental contribution to the profitability indicators, high operating expenses on account of addition of new branches and susceptibility to risk inherent in the MSME and construction finance segment.Going forward, the groups ability to profitably continue the scale-up in business, particularly the gold loan segment, raising resources at competitive rates and maintenance of asset quality of its growing portfolio shall remain key monitorable.Capri Global Capital is nondeposit taking systemically important non-banking finance company (NBFC-ICC) engaged in extending loans to MSMEs loans secured against property and construction finance.The scrip fell 1.48% to currently trade at Rs 760.60 on the BSE.

Acuité Ratings assigns 'A1+' rating to proposed debt instruments of Capri Global 

Capri Global Capital announced that Acuite Ratings & Research has assigned the credit rating of Acuite A1+ for proposed commercial paper program of the company. 

Capri Global Capital receives ratings for proposed CP program

ICICI Securities recommended reduce rating on Capri Global Capital with a target price of Rs 695 in its research report dated June 21, 2023.

Reduce Capri Global Capital; target of Rs 695: ICICI Securities

Capri Global Standalone March 2023 Net Sales at Rs 356.53 crore, up 55.24% Y-o-Y

Capri Global Standalone December 2022 Net Sales at Rs 301.24 crore, up 56.45% Y-o-Y

Capri Global Consolidated December 2022 Net Sales at Rs 384.80 crore, up 55.11% Y-o-Y

Capri Global Capital has raised an amount of Rs.100 crore by allotment of 1000 Secured, Rated, Unlisted, Redeemable, Non]Convertible Debentures (gNCDsh) of the face value of Rs.1,000,000 each on Private Placement basis on 29 December 2022. 

Capri Global Capital raises Rs 100 cr via NCDs 

Capri Global Capital has cancelled the board meeting which was scheduled to be held on 28 December 2022.

Capri Global Capital cancels board meeting

Capri Global Capital will hold a meeting of the Board of Directors of the Company on 28 December 2022.

Capri Global Capital to conduct board meeting

The Board of Capri Global Capital will meet on 28 December 2022 to consider discuss and decide various matters in connection with the RightsIssue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue and approval of letter of offer to be filed with Securities and Exchange Board of India, BSE and National Stock Exchange. 

Board of Capri Global Capital to consider terms of rights issue 

Capri Global Capital Ltd. is a non-banking finance company, which engages in the provision of fund based financing activity. Its products include ECLGS, home loans, MSME loans, indirect lending loans and construction finance loans. The company was founded by Rajesh Sharma on November 15, 1994 and is headquartered in Mumbai, India.

Watchers	11
52-Wk Low	566.00
52-Wk High	876.00

Market Cap	164.29B
Volume (M)	265,748.00
52-Wk High	876.00
52-Wk Low	566.00

Current Price	796.95
Prev Close	778.30
Open	800.00
Dividend Yield	0.08%
50-Day Moving Average	787.34
Beta	0.04
Avg. Volume	234,463.50
PE Ratio	68.49

52-Week High	876.00
52-Week Low	566.00
Market Capitalization	164.29B
EPS	11.64
Price to Book	4.61
Revenue Per Employee	1.86M
Enterprise Value/EBITDA	44.77

CGCL.NSE Capri Global Capital Ltd

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