Fundamental Analysis
CAPRI GLOBAL CAPITAL
{Ticker : 531595 { BUY: Rs.203.65 { Target: Rs.230
Capri Global Capital (CGCL) is a Non-Banking Finance Company (NBFC) engaged in funding and provision of financial services. On the consolidated quarterly front, AUM reported for Q2FY20 was Rs 3,957 crore, an increase of over 13.42 per cent from Rs 3,488.8 crore reported in Q2FY19. Net Interest Income (NII) reported for Q2FY20 saw an increase of 33.69 per cent to Rs 101.2 crore from Rs 75.7 crore reported in Q2FY19. Net profit for Q2FY20 was Rs 38.9 crore, up by 59.43 per cent from Rs 24.4 crore reported in Q2FY19. The company has a strong focus on financing MSME's, which is set to grow at 12 to 14 per cent over the next five years. The recent government initiatives, namely, tax exemptions and faster building permissions to promote affordable housing constructions will lead to a significant scope of growth in construction finance for players like CGCL. Thus, we recommend a BUY.
