Capri Global Capital plans a $1 billion Global Medium Term Note programme to fund growth and diversify borrowing. The company reported strong FY26 performance with assets under management at ₹36,623.7 crore and profit after tax at ₹949.2 crore.
Capri Global Capital Eyes Growth with $1 Billion Debt Programme
Capri Global Capital plans to raise US$1 billion through a Global Medium Term Note (GMTN) programme. This move is aimed at diversifying its funding sources and financing future growth initiatives. The company reported strong operational and financial results for the fiscal year ended March 2026 (FY26).
FY26 Key Financials:
- Consolidated Assets Under Management (AUM): ₹36,623.7 crore
- Profit After Tax (PAT): ₹949.2 crore
- Net Worth: ₹7,121.2 crore
- Gross Non-Performing Assets (GNPA): 0.9%
- Net Non-Performing Assets (NNPA): 0.5%
Reader Takeaway: Strong AUM growth and profitability boosted by tech-led strategy; debt programme signals funding expansion.
What just happened
Capri Global Capital Limited has outlined its FY26 financial performance and strategic roadmap, including a proposed US$1 billion Global Medium Term Note (GMTN) programme. The presentation details the company's growth trajectory and its plans for securing long-term funding.
Why this matters
The US$1 billion GMTN programme is a significant step towards strengthening the company's capital structure and enabling further expansion. Strong FY26 results, including a PAT of ₹949.2 crore and healthy asset quality, provide a solid foundation for this growth.
The backstory
The company's 'Capri 2.0' strategy emphasizes tech-driven expansion, product diversification into areas like gold loans, MSME, and housing finance, and network expansion. This strategy has helped scale the loan book and improve profitability metrics.
What changes now
The GMTN programme will allow Capri Global to access international debt markets, potentially lowering borrowing costs and extending its debt maturity profile. This funding will support its ambitious growth plans and strategic initiatives.
Risks to watch
While the company's asset quality is currently strong, maintaining it during rapid expansion and execution of the debt programme will be crucial. Successful implementation of the GMTN programme and its impact on funding costs and leverage are key monitoring points.
Peer comparison
Capri Global's focus on technology and diversification into gold loans and MSME lending distinguishes its strategy within the non-banking financial company (NBFC) sector. Its strong CRAR of 25.9% also places it well amongst peers.
Context metrics (time-bound)
For FY26, Capri Global reported a Return on Average Assets (RoAA) of 3.6% and a Return on Average Equity (RoAE) of 16.5%. The company operates 1,429 branches across 20 states and union territories.
What to track next
Investors will be keen to observe the successful execution of the US$1 billion GMTN programme, its pricing, and its contribution to the company's overall funding strategy. Continued monitoring of AUM growth and asset quality metrics is also essential.