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 ₹ 14,202 Cr.
- Current Price ₹ 891
- High / Low ₹ 1,796 / 860
- Stock P/E 10.6
- Book Value ₹ 438
- Dividend Yield 1.12 %
- 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
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -7.37%
* 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
Part of Nifty MidSmallcap 400 BSE 250 SmallCap Index Nifty 500 BSE SmallCap Nifty Smallcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
Revenue | 1,282 | 1,704 | 2,461 | 2,669 | 3,487 | 5,119 | 5,715 |
Interest | 417 | 582 | 933 | 987 | 1,216 | 1,738 | 1,919 |
361 | 641 | 1,308 | 1,235 | 1,179 | 1,444 | 1,952 | |
Financing Profit | 504 | 481 | 219 | 447 | 1,092 | 1,937 | 1,844 |
Financing Margin % | 39% | 28% | 9% | 17% | 31% | 38% | 32% |
1 | 1 | 5 | 81 | 64 | 54 | 6 | |
Depreciation | 8 | 20 | 44 | 47 | 50 | 51 | 58 |
Profit before tax | 498 | 462 | 180 | 481 | 1,105 | 1,939 | 1,792 |
Tax % | 35% | 27% | 27% | 27% | 25% | 25% | |
322 | 335 | 131 | 353 | 826 | 1,446 | 1,334 | |
EPS in Rs | 22.41 | 23.17 | 8.61 | 22.65 | 52.87 | 90.72 | 83.73 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 28% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 122% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 17% |
1 Year: | -47% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 18% |
Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 144 | 144 | 156 | 156 | 159 | 159 | 159 |
Reserves | 2,222 | 2,590 | 3,536 | 4,011 | 4,948 | 6,411 | 6,829 |
4,867 | 9,540 | 10,941 | 12,921 | 16,312 | 21,841 | 19,154 | |
126 | 316 | 427 | 394 | 439 | 435 | 471 | |
Total Liabilities | 7,357 | 12,590 | 15,060 | 17,482 | 21,858 | 28,846 | 26,613 |
25 | 576 | 573 | 629 | 599 | 609 | 628 | |
CWIP | 2 | 3 | 1 | 3 | 4 | 5 | 0 |
Investments | 0 | 46 | 1 | 1 | 455 | 1,439 | 1,303 |
7,330 | 11,965 | 14,486 | 16,849 | 20,801 | 26,794 | 24,682 | |
Total Assets | 7,357 | 12,590 | 15,060 | 17,482 | 21,858 | 28,846 | 26,613 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
-1,378 | -2,253 | -455 | -2,713 | -3,290 | -4,734 | |
-7 | -608 | 24 | -33 | -314 | -994 | |
1,829 | 2,915 | 2,146 | 1,967 | 3,365 | 5,494 | |
Net Cash Flow | 444 | 54 | 1,715 | -780 | -239 | -234 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
ROE % | 13% | 4% | 9% | 18% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of Equity Shares under Employees Stock Option Plan of the Company.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Schedule of investor meetings announced by CreditAccess Grameen.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Nov - Of Investor Meetings scheduled on November 13, 15 and 18, 2024
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
11 Nov - Allotment of Equity Shares under Employees Stock Option Plan of the Company
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Nov - Schedule of upcoming investor meetings announced.
Annual reports
Concalls
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Oct 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]