Capri Global Capital has outlined an expansion roadmap that combines rapid balance sheet growth with a continued emphasis on profitability and risk control.
The company’s management has provided detailed insights into its operating strategy, portfolio mix and financial targets over the next few years.
As per The Economic Times report, Rajesh Sharma, Managing Director, said the company is targeting assets under management of ₹55,000 crore by FY28, implying a compound annual growth rate of around 25% from current levels.
He added that if gold prices remain stable, overall AUM growth could range between 25% and 30% annually. At present, gold loans account for 46% of total AUM and are expected to stabilise at around 50% over the long term.
The remaining portfolio is planned to be diversified across affordable housing, MSME lending and construction finance, each contributing about 15% to 18%. This approach is aimed at maintaining growth while reducing concentration risk.
The company’s net interest margin currently stands at 9.2%. Sharma explained that yields in the gold loan segment have been moderated intentionally to support branch expansion and customer acquisition.
Around 40% of the gold loan AUM is under co-lending arrangements with partner banks, where part of the yield benefit is passed on to customers.
This structure has strengthened fee-based income, which now contributes nearly 30% of total revenue. Key sources include co-lending fees, car loan processing charges, and insurance distribution.
Sharma indicated that margin expansion is expected to come from MSME and construction finance segments rather than gold loans in the near term.
Addressing higher credit costs in the fourth quarter of FY26, Sharma said the company applied a management overlay as a precautionary measure in response to the West Asia crisis.
He clarified that this does not reflect stress in the portfolio, with both gross and net NPAs at their lowest levels historically.
On profitability, the company is targeting return on assets of around 4% in the near term, improving to 4% to 4.5% over the next three years.
Return on equity is expected to be in the range of 16% to 18%, despite the dilution impact of a recent ₹2,000 crore qualified institutional placement. Sharma stated, “We will not compromise ROA and ROE,” underlining the focus on sustainable earnings.
The company currently operates around 1,000 gold loan branches and plans to add approximately 1,200 more over the next 3 years.
This geographic expansion is intended to drive growth independent of gold price movements and strengthen distribution reach.
Read More: Aditya Birla Capital Share Price in Focus on Q4 FY26 Earnings Results: Net Profit up 31.5% YoY!
As of 04 May 2026, at 3:30 AM, Capri Global Capital share price closed at ₹195.30 per share, reflecting a surge of 4.90% from the previous closing price.
Capri Global Capital’s strategy reflects a calibrated approach that balances strong growth ambitions with disciplined profitability targets, supported by diversification, fee income expansion and a focus on asset quality.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 5, 2026, 8:30 AM IST
Team Angel One
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