Capri Global Capital Limited ended marginally lower at Rs 698 levels in Tuesday’s trading session. However, in the past six months the stock has scaled by 10 percent and in a year’s time frame it has gained 25 percent.
Capri Global Capital Limited (CGCL) is a diversified Non-Banking Financial Company (NBFC) with a presence primarily across two key verticals – MSME Loans and Home Loans. The company has 610 branches present across 15 states and union territories.
The stock price has risen from Rs 324 levels in February 2021 up to the current levels logging a multibagger return of 116 percent in the period. An investment of Rs 1 lakh then would be worth Rs 2.16 Lakhs.
Insurance behemoth, Life Insurance Corporation of India added 25,39,000 shares or 1.44 percent stake in the company taking its total holdings to 1,70,46,171 shares or 9.69 percent stake.
In Q3FY23, the Net Interest Income of the company stood at Rs 161 Crores which increased 17 percent YoY from Rs 137 Crore. On a sequential basis, their interest income increased 15 percent from Rs 139.8 Crore.
Their profit in the period was Rs 37.4 Crore, a decline of 42 percent from Rs 649 Crores in Q3FY22 and slipped 13 percent from Rs 433 Crore in the previous quarter.
The company has a market capitalization of Rs 14,417 Crore. The promoters of the company hold a 74.64 percent stake in the company with zero shares pledged while the Sbi Life Insurance Company also holds a 1.71 percent stake.
Written by Anoushka Roy
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