Capri Global Capital (531595) Investor presentation summary

Transaction summary and capital structure

• Issued fixed-rate, senior secured US dollar bonds under a $1bn GMTN program, rated BB- (Fitch) and Ba3 (Moody's), with a benchmark size and 3.25-year WAL.

• Proceeds to be used for onward lending and activities permitted by RBI, maintaining NNPA below 5% and minimum capital adequacy ratio of 15%.

• Security is a first-ranking pari passu charge over standard receivables and related assets.

• Bonds listed on India INX and NSE IX, governed by English law, with Barclays, Citigroup, DB, Emirates NBD, and UBS as coordinators.

Business model and growth

• Retail-focused, granular, and fully secured loan book, serving unbanked and underserved segments in semi-urban and rural areas.

• Product suite includes MSME loans, gold loans, housing loans, construction finance, car loan distribution, and insurance distribution.

• AUM grew at a 53% CAGR from FY24 to FY26, reaching ₹366bn, with gold loans now the largest portfolio share at 46.3%.

• Extensive branch network of 1,429 branches across 20 states and UTs, with significant investments in technology and data science.

Financial performance and asset quality

• Net worth at ₹71.2bn (FY26), borrowings at ₹241.1bn, and PAT at ₹9.5bn, with 98% YoY growth.

• Maintained strong profitability: 8.8% NIM, 16.1% yield, 3.6% ROAA, and 16.5% ROAE.

• Asset quality remains robust with GNPA at 0.9% and NNPA at 0.5%, and provision coverage at 41.2%.

• Cost-to-income ratio improved to 50%, and credit cost remained low at 0.7%.