CreditAccess Grameen Ltd
CreditAccess Grameen Limited is registered as a non-deposit accepting NBFC - Microfinance Institution with the RBI. It is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. It also uses its distribution channel to provide certain other financial products and services to the members. [1]
- Market Cap ₹ 19,164 Cr.
- Current Price ₹ 1,202
- High / Low ₹ 1,796 / 1,153
- Stock P/E 12.8
- Book Value ₹ 412
- Dividend Yield 0.83 %
- ROCE 14.8 %
- ROE 24.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 35.0% CAGR over last 5 years
- Company's median sales growth is 31.6% of last 10 years
Cons
- Stock is trading at 2.92 times its book value
- Promoter holding has decreased over last 3 years: -7.41%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
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Revenue | 88 | 146 | 278 | 464 | 708 | 871 | 1,282 | 1,683 | 2,028 | 2,669 | 3,487 | 5,119 | 5,509 |
Interest | 42 | 72 | 129 | 208 | 317 | 354 | 417 | 575 | 745 | 987 | 1,216 | 1,738 | 1,858 |
39 | 50 | 76 | 126 | 264 | 184 | 361 | 639 | 1,069 | 1,235 | 1,179 | 1,444 | 1,595 | |
Financing Profit | 7 | 24 | 74 | 130 | 128 | 332 | 504 | 470 | 214 | 447 | 1,092 | 1,937 | 2,056 |
Financing Margin % | 7% | 16% | 26% | 28% | 18% | 38% | 39% | 28% | 11% | 17% | 31% | 38% | 37% |
2 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 81 | 64 | 54 | 6 | |
Depreciation | 1 | 1 | 2 | 3 | 4 | 5 | 8 | 20 | 23 | 47 | 50 | 51 | 53 |
Profit before tax | 8 | 25 | 75 | 130 | 124 | 328 | 498 | 451 | 194 | 481 | 1,105 | 1,939 | 2,009 |
Tax % | -5% | 33% | 35% | 36% | 35% | 35% | 35% | 27% | 27% | 27% | 25% | 25% | |
8 | 17 | 49 | 83 | 80 | 212 | 322 | 328 | 142 | 353 | 826 | 1,446 | 1,497 | |
EPS in Rs | 2.00 | 3.14 | 6.68 | 11.41 | 9.37 | 16.54 | 22.41 | 22.75 | 9.15 | 22.65 | 52.87 | 90.72 | 94.01 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 43% |
5 Years: | 32% |
3 Years: | 36% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | 56% |
5 Years: | 35% |
3 Years: | 117% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 22% |
1 Year: | -14% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 15% |
3 Years: | 18% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 40 | 53 | 73 | 73 | 86 | 128 | 144 | 144 | 156 | 156 | 159 | 159 |
Reserves | 71 | 154 | 303 | 387 | 605 | 1,309 | 2,222 | 2,525 | 3,479 | 4,011 | 4,948 | 6,411 |
389 | 805 | 1,291 | 2,233 | 2,668 | 3,623 | 4,867 | 7,823 | 8,781 | 12,921 | 16,312 | 21,841 | |
44 | 46 | 60 | 115 | 205 | 53 | 126 | 170 | 281 | 394 | 439 | 435 | |
Total Liabilities | 543 | 1,058 | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 28,846 |
3 | 3 | 4 | 11 | 12 | 16 | 25 | 87 | 101 | 629 | 599 | 609 | |
CWIP | 0 | 0 | 2 | 0 | 3 | 1 | 2 | 3 | 1 | 3 | 4 | 5 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 661 | 663 | 1 | 455 | 1,439 |
540 | 1,055 | 1,720 | 2,796 | 3,549 | 5,096 | 7,330 | 9,911 | 11,932 | 16,849 | 20,801 | 26,794 | |
Total Assets | 543 | 1,058 | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 28,846 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-931 | -425 | -1,726 | -1,378 | -2,302 | -364 | -2,713 | -3,290 | -4,734 | ||||
-4 | -5 | 54 | -7 | -636 | -32 | -33 | -314 | -994 | ||||
934 | 579 | 1,470 | 1,829 | 2,929 | 1,706 | 1,967 | 3,365 | 5,494 | ||||
Net Cash Flow | -1 | 149 | -202 | 444 | -9 | 1,310 | -780 | -239 | -234 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 10% | 10% | 17% | 20% | 14% | 20% | 17% | 13% | 5% | 9% | 18% | 25% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Aug
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Aug
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
21 Aug - Allotment of Equity Shares under the Employee Stock Option Plan of the Company
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Aug - Of Investor Meeting scheduled on August 20 & 21, 2024
Annual reports
Concalls
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Jul 2024Transcript PPT REC
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Oct 2018Transcript PPT
Market Leader
The company is India’s largest NBFC Microfinance Institution with a total gross loan portfolio of Rs. ~26,700 Cr in FY24 vs Rs. ~16,500 Cr in FY22. [1] [2] It holds a 6% market share in the overall microfinance industry. [3]