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CreditAccess Grameen Ltd share price logo

CreditAccess Grameen Ltd

(CREDITACC)

₹1000.1▲1.4%

as on 04:01PM, 22 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

CreditAccess Grameen Ltd Analyst Rating

based on 17 analysts

BUY

94.12%

Buy

0.00%

Hold

5.88%

Sell

Based on 17 analysts offering long term price targets for CreditAccess Grameen Ltd. An average target of ₹1542.47

Source: S&P Global Market Intelligence

CreditAccess Grameen Ltd Share analysis

CreditAccess Grameen Ltd price forecast by 17 analysts

Upside of52.06%

High

₹1920

Target

₹1542.47

Low

₹950

CreditAccess Grameen Ltd target price ₹1542.47, a slight upside of 52.06% compared to current price of ₹1000.1. According to 17 analysts rating.

Source: S&P Global Market Intelligence

CreditAccess Grameen Ltd Performance

  • Day's Low

    Day's High

    ₹996
    ₹1,017.4

  • 52 Week's Low

    52 Week's High

    ₹996
    ₹1,796
1 Month Return-18.42 %
3 Month Return-19.95 %
1 Year Return-32.71 %
Previous Close₹1,014.35
Open₹1,014.35
Volume3.01L
Upper Circuit-
Lower Circuit-
Market Cap₹16,175.47Cr

CreditAccess Grameen Ltd Key Statistics

P/E Ratio10.8
PEG Ratio0.38
Market Cap₹16,175.47 Cr
P/B Ratio3.49
EPS90.72
Dividend Yield0.69
SectorFinance
ROE24.77

CreditAccess Grameen Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
CreditAccess Grameen Ltd
CreditAccess Grameen Ltd
BUY₹16,175.47 Cr11.95%0.88₹1,445 Cr₹5,118 Cr
Manappuram Finance Ltd
Manappuram Finance Ltd
BUY₹12,434.13 Cr-1.43%0.84₹2,197 Cr₹8,848 Cr
Tata Investment Corporation Ltd
Tata Investment Corporation Ltd
NA₹35,650.46 Cr154.06%0.50₹384 Cr₹385 Cr
IIFL Finance Ltd
IIFL Finance Ltd
BUY₹18,533.84 Cr54.61%0.89₹1,974 Cr₹10,471 Cr
Infibeam Avenues Ltd
Infibeam Avenues Ltd
BUY₹7,915.59 Cr33.05%0.50₹155 Cr₹3,171 Cr
See all

CreditAccess Grameen Ltd Mutual Fund Holdings

About CreditAccess Grameen Ltd

CreditAccess Grameen Limited, is a microfinance institution providing a wide variety of financial products and services to the rural poor and low income households, particularly women. Established in 1991, originally as Sanni Collection Private Limited, before transitioning into Grameen Koota Financial Services and soon after acquiring an NBFC status, the company was renamed CreditAccess Grameen Limited. Over two decades, CreditAccess Grameen rapidly expanded its presence, and over the years it has launched a variety of innovative products such as family welfare loans, home improvement loans, emergency loans, and National Pension Scheme (NPS). The company went public in August 2018 and increased its capital by raising Rs. 8,000 million through a Qualified Institutional Placement (QIP) in 2020. In 2021, the company acquired 75.64% of the shares of Madura Micro Finance Limited from existing shareholders, while also transitioning to CreditAccess Grameen's operating model. As of March 2021, CreditAccess Grameen has 1635 branches in 319 districts across nine Indian States and Union Territories.

Share Price: ₹1000.10 per share as on 22 Oct, 2024 04:01 PM
Market Capitalisation: ₹16,175.47Cr as of today
Revenue: ₹1,512.58Cr as on June 2024 (Q2 24)
Net Profit: ₹397.66Cr as on June 2024 (Q2 24)
Listing date: 23 Aug, 2018
Chairperson Name: George Joseph
OrganisationCreditAccess Grameen Ltd
Headquarters
IndustryFinance
E-voting on sharesClick here to vote

Key events for CreditAccess Grameen Ltd

  • Nomura Downgrades CreditAccess Grameen Amid Challenges - 11 Oct, 2024

    CreditAccess Grameen shares fell 3% after Nomura downgraded the stock to 'Reduce' and cut the target price to ₹950, highlighting industry challenges and declining asset quality.

  • CreditAccess Grameen Reports Mixed Q2 FY25 Results - 10 Oct, 2024

    In Q2 FY25, CreditAccess Grameen saw a 12% increase in assets under management but a significant 19% drop in disbursements. Asset quality worsened, with rising PAR levels, while the capital adequacy ratio improved to 26.4%. Overall, the stock faced pressure due to weak disbursement figures.

Insights on CreditAccess Grameen Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 347.04 Cr → 397.66 Cr (in ₹), with an average increase of 4.3% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 9 quarters, 760.52 Cr → 1.51K Cr (in ₹), with an average increase of 8.2% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 6.31% to 7.83% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Shriram Finance Ltd has given 76.2% return, outperforming this stock by 109.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 140.4% return, outperforming this stock by 83.3%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 14.31% to 12.84% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 66.56% to 66.54% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, CREDITACC stock has moved down by -18.4%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 10.88% to 10.76% in Sep 2024 quarter

CreditAccess Grameen Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹1,170.72Cr (-)₹1,247.59Cr (↑6.57%)₹1,295.23Cr (↑3.82%)₹1,459.10Cr (↑12.65%)₹1,512.58Cr (↑3.67%)
Net Income₹348.46Cr (-)₹347.04Cr (↓0.41%)₹353.34Cr (↑1.82%)₹397.08Cr (↑12.38%)₹397.66Cr (↑0.15%)
Net Profit Margin29.76% (-)27.82% (↓6.52%)27.28% (↓1.94%)27.21% (↓0.26%)26.29% (↓3.38%)
Value in ₹ crore
Details2021202220232024
Total Assets₹12,719.27Cr (-)₹17,506.60Cr (↑37.64%)₹21,889.61Cr (↑25.04%)₹28,866.85Cr (↑31.87%)
Total Liabilities₹9,084.46Cr (-)₹13,339.69Cr (↑46.84%)₹16,782.67Cr (↑25.81%)₹22,296.90Cr (↑32.86%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹2,301.95Cr (-)-₹364.32Cr (↓84.17%)-₹2,713.47Cr (↑644.80%)-₹3,289.76Cr (↑21.24%)-₹4,733.89Cr (↑43.90%)

Index Inclusions

S&P BSE Fin. Ser

₹11,398.27

-1.72 (▲-199.5%)

Nifty Small 100

₹18,061.00

-3.92 (▲-736.4%)

DFRGRI Indices

₹1,471.05

-2.14 (▲-32.22%)

S&P BSE 400 MidSmallCap

₹12,069.16

-2.93 (▲-363.82%)

BSE 500

₹35,961.33

-1.91 (▲-700.46%)

Nifty MidSmallcap 400

₹19,625.90

-2.97 (▲-601.05%)

S&P BSE 250 SmallCap

₹7,007.13

-3.65 (▲-265.69%)

Nifty Smallcap 250

₹17,275.70

-3.68 (▲-660.6%)

Nifty 500

₹22,814.45

-1.93 (▲-448.8%)

BSE Small-Cap

₹53,530.92

-3.81 (▲-2118.04%)

S&P BSE AllCap

₹10,515.45

-2.04 (▲-219.33%)

CreditAccess Grameen Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
66.54%
-0.03
Foreign Institutions
10.76%
-1.07
Mutual Funds
12.84%
-10.26
Retail Investors
7.83%
24.09
Others
2.03%
4.33

CreditAccess Grameen Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)189.89237.28267.33321.37412.22
Details20202021202220232024
Earning Per Share (₹)23.38.4522.6551.9890.72
Details20202021202220232024
Return On Equity %13.014.529.0517.8124.77
Details20202021202220232024
Return On Assets %3.131.052.023.775.01

CreditAccess Grameen Ltd Valuation

CreditAccess Grameen Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.80x)

October 21, 2024

Today (10.80x)

October 21, 2024

Industry (27.49x)

October 21, 2024

Highest (180.76x)

December 13, 2021

LowHigh

CreditAccess Grameen Ltd Earnings and Dividends

  • CreditAccess Grameen Ltd Earnings Results

    CreditAccess Grameen Ltd’s net profit jumped 14.12% since last year same period to ₹397.66Cr in the Q1 2024-2025. On a quarterly growth basis, CreditAccess Grameen Ltd has generated 0.15% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • CreditAccess Grameen Ltd Dividends May,2024

    In the quarter ending March 2024, CreditAccess Grameen Ltd has declared dividend of ₹10 - translating a dividend yield of 0.99%.

    Read More about Dividends

CreditAccess Grameen Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

CreditAccess Grameen Ltd is currently in a Bearish trading position according to technical analysis indicators.

More on Technical Analysis

FAQs on CreditAccess Grameen Ltd

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CreditAccess Grameen Ltd (CREDITACC) share price today is ₹1000.1

CreditAccess Grameen Ltd is listed on NSE

CreditAccess Grameen Ltd is listed on BSE

  • Today’s highest price of CreditAccess Grameen Ltd is ₹1017.4.
  • Today’s lowest price of CreditAccess Grameen Ltd is ₹996.

PE Ratio of CreditAccess Grameen Ltd is 10.8

PE ratio = CreditAccess Grameen Ltd Market price per share / CreditAccess Grameen Ltd Earnings per share

Today’s traded volume of CreditAccess Grameen Ltd(CREDITACC) is 3.01L.

Today’s market capitalisation of CreditAccess Grameen Ltd(CREDITACC) is ₹16175.47Cr.

CreditAccess Grameen Ltd(CREDITACCPrice
52 Week High
₹1796
52 Week Low
₹996

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1000.1. It is down -44.32% from its 52 Week High price of ₹1796

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1000.1. It is up 0.41% from its 52 Week Low price of ₹996

CreditAccess Grameen Ltd(CREDITACCReturns
1 Day Returns
-14.25%
1 Month Returns
-18.42%
3 Month Returns
-19.95%
1 Year Returns
-32.71%