Review

CAPRI GLOBAL CAPITAL 

{Ticker : 531595 { FV: Rs. 2 { 52-Week H/L: Rs. 229/123.90 

We had previously recommended Capri Global Capital (CGCL) in Volume 36, No. 9, dated December 23, 2019, when the scrip was trading at Rs 203.65. CGCL is a Non- Banking Finance Company (NBFC) engaged in the funding and provision of financial services. The scrip was then recommended based on the company's scope of growth as a construction finance company due to a boost from government initiatives, tax exemptions and faster building permissions to promote affordable housing constructions. For Q3FY20, CGCL reported a net interest income of Rs 168.6 crore which is an increase of 17 per cent from Rs 143.7 crore in Q3FY19. For Q3FY20, the consolidated total income grew by 14.7 per cent YoY to Rs 182.9. CGCL's consolidated net profit expanded by 41 per cent in Q3FY20 to be Rs 496 crore, as from Rs 352 crore gained in Q3FY19. Hence, as on February 11, 2020, we recommended to book profit at Rs 219.90 with 7.98 per cent gains.