₹1297.3
Overview of CreditAccess Grameen Ltd
Brokerage firm expects robust return ratios and strong growth in asset under management for CreditAccess Grameen Ltd, with a target price of Rs 1,660 and potential upside of 25%.
CreditAccess Grameen Ltd Expected to Deliver Strong Returns - 16 Sep, 2023
MOSL estimates a 24% AUM/PAT CAGR over FY23-FY25, leading to a RoA/RoE of 5.6%/23% in FY25. CreditAccess Grameen's strong business model is expected to deliver robust return ratios.
New Leadership at CreditAccess Grameen - 15 Sep, 2023
CreditAccess Grameen Ltd has appointed a new CEO. Analysts at Bank of America-Merrill Lynch have commented that the focus should now be on execution.
CreditAccess Grameen Ltd to Benefit from Declining Rate Cycle - 12 Sep, 2023
Analysts predict that CreditAccess Grameen, with only 40% of their borrowings fixed, will benefit the most in a declining rate cycle.
CreditAccess Grameen Raises INR 989.58 Crore Through NCDs - 11 Sep, 2023
CreditAccess Grameen, the largest NBFC-MFI in India, has raised INR 989.58 crore through a public issue of secured, redeemable Non-Convertible Debentures (NCDs) listed on both NSE and BSE.
CreditAccess Grameen Ltd's Stock Shows Strong Growth - 06 Sep, 2023
CreditAccess Grameen Ltd's stock has gained 283% in five years and achieved compound EPS growth of 23%. The CEO is paid less than the median at similar sized companies. Total shareholder return was 38% in the last twelve months.
CreditAccess Grameen Plans to Raise up to Rs 1000 Crore via NCDs - 23 Aug, 2023
CreditAccess Grameen Ltd plans to raise up to Rs 1000 crore through non-convertible debentures (NCDs).
CreditAccess Grameen Plans Fund Raising via Public Issue of NCDs - 21 Aug, 2023
CreditAccess Grameen Ltd plans to raise funds up to Rs 1,000 crore through a public issue of secured rated, listed, redeemable non-convertible debentures (NCDs) with a base size of Rs 400 crore and a greenshoe option of up to Rs 600 crore.
CreditAccess Grameen Ltd Upgraded to Buy - 16 Aug, 2023
CreditAccess Grameen's Gross Loan Portfolio grew 39.7% YoY to Rs.21,814cr with a target of Rs.50,000cr in the next 4-5 years. Advances expected to grow at CAGR of 23%. Management guided for NIM at 12.0%-12.2% for FY24. Rating upgraded to BUY with revised upward target price of Rs.1,615 based on 3.3x FY25E Adj. BVPS.
CreditAccess Grameen Reports Strong Q1 Results and Appoints New CEO - 25 Jul, 2023
CreditAccess Grameen reported a strong Q1 with expansion in profitability, beating PAT estimates. Ganesh Narayanan has been appointed as the new CEO.
CreditAccess Grameen Reports Strong Q1FY24 Performance - 24 Jul, 2023
CreditAccess Grameen Ltd.'s Q1FY24 net profit surged 151.5% YoY to Rs 1,426.95 crore. The company reported a consolidated total income of Rs 1170.72 crore. Despite strong performance, CREDAG retained its earlier guidance of growing GLP in the range of 24%-25%. Ganesh Narayan was appointed CEO.
CreditAccess Grameen Q1 FY24 Net Profit Up 2.5 Times YoY - 21 Jul, 2023
CreditAccess Grameen reports a net profit of Rs 349 crore for Q1 FY24, up 2.5 times YoY, driven by healthy business expansion and improvement in credit quality. Gross non-performing assets fell to 0.89% at the end of June.
CreditAccess Grameen Ltd's Stake Sold by Creditaccess India BV - 12 Jul, 2023
Creditaccess India BV has sold a 5.8% stake in CreditAccess Grameen Ltd for ₹1,121.29 crore. Trading members have been advised not to deal in the company's debentures.
CreditAccess Grameen's Promoter May Sell Stake Via Block Deal - 30 Jun, 2023
CreditAccess Grameen Ltd's promoter, CreditAccess India BV, plans to sell up to a 5.8% stake in the company worth Rs 1,107 crore via a block deal at the base price of Rs 1,230 apiece, causing a drop in share prices.
CreditAccess Grameen Signs $200 Million Syndicated Social Loan Facility - 28 Jun, 2023
CreditAccess Grameen Ltd has signed a $200 million syndicated social loan facility, with commitments of $160 million received from 12 banks. This marks the first social ECB loan in India's microfinance industry.
CreditAccess Grameen Reports Strong Q1 Results - 27 Jun, 2023
CreditAccess Grameen Ltd reported a 15% YoY increase in net profit and a total loan portfolio of INR 11,000 crore for Q1, driven by growth in microfinance services. Its focus on providing financial support to women from low-income households and rural poor has contributed to its success.
CreditAccess Grameen stock breaks out above significant pattern - 26 Jun, 2023
CreditAccess Grameen Ltd has broken out above a significant 'rounded bottom' pattern, generating a buy signal with an upside potential of Rs 1,540-1,590 levels.
CreditAccess Grameen Ltd sees intra-day rally - 19 Jun, 2023
CreditAccess Grameen Ltd rallies up to 6% on BSE intra-day trade, remains market leader in many geographies in MFI sector.
Source: S&P Global Market Intelligence
Day's Volatility:
35.70%
Downside
52 Weeks Volatility:51.48%
Upside
15.78%
Returns % | |
1 Month Return | -6.7 % |
3 Month Return | 4.18 % |
1 Year Return | 29.91 % |
Market Stats | |
Previous Close | ₹1,299.75 |
Open | ₹1,297.30 |
Volume | 1.95L |
Market Cap | ₹20,676.48Cr |
Organisation | CreditAccess Grameen Ltd |
Headquarters | |
Industry | Finance |
E-voting on shares | Click here to vote |
Fundamentals of CreditAccess Grameen Ltd
Mutual Funds have increased holdings from 10.20% to 10.27% in Jun 2023 quarter
Retail Investor have increased holdings from 4.37% to 11.77% in Jun 2023 quarter
Revenue is up for the last 4 quarters, 760.52 Cr → 1.06K Cr (in ₹), with an average increase of 10.6% per quarter
Netprofit is up for the last 4 quarters, 137.9 Cr → 296.57 Cr (in ₹), with an average increase of 22.4% per quarter
In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 384.4% return, outperforming this stock by 304.5%
In the last 1 year, Cholamandalam Investment & Finance Company Ltd has given 67.6% return, outperforming this stock by 37.7%
Foreign Institutions have decreased holdings from 9.67% to 9.56% in Jun 2023 quarter
In the last 1 month, CREDITACC stock has moved down by -6.7%
Promoters have decreased holdings from 73.68% to 66.77% in Jun 2023 quarter
CreditAccess Grameen Ltd in the last 5 years
Lowest (13.17x)
March 30, 2020
Today (19.93x)
September 28, 2023
Industry (26.40x)
September 28, 2023
Highest (180.76x)
December 13, 2021
Funds | Holdings |
![]() | 1.52% |
![]() | 1.37% |
![]() | 1.21% |
![]() | 1.05% |
![]() | 1.56% |
Investors | Holdings % | Prev. 2 periods | 3M change |
---|---|---|---|
Promoter Holdings | 66.77% | ||
Foreign Institutions | 9.56% | ||
Mutual Funds | 10.27% | 0.70 | |
Retail Investors | 11.77% | 169.31 | |
Others | 1.63% |
Technicals of CreditAccess Grameen Ltd share
News & Events of CreditAccess Grameen Ltd
CreditAccess Grameen Ltd(CREDITACC | Price |
---|---|
52 Week High | ₹1502 |
52 Week Low | ₹834.1 |
CreditAccess Grameen Ltd(CREDITACC | Returns |
---|---|
1 Day Returns | -2.45% |
1 Month Returns | -6.7% |
3 Month Returns | 4.18% |
1 Year Returns | 29.91% |