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CreditAccess Grameen Ltd (CREDITACC)

₹1274.751.65%

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🔔 Fundamentals and Rating Alert

CreditAccess Grameen's net interest income and profit have increased by more than 3 and 4 times respectively from 2020 to 2024. Analysts recommend BUY with an upside potential of 15-35%.

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 17 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 17 analysts offering long term price targets for CreditAccess Grameen Ltd. An average target of ₹1806.24

Source: S&P Global Market Intelligence

CreditAccess Grameen Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,257.45
    ₹1,303.1
  • 52 Week's Low

    52 Week's High

    ₹1,190.1
    ₹1,796
1 Month Return-16.19 %
3 Month Return-14.77 %
1 Year Return-2.95 %
Previous Close₹1,254.10
Open₹1,269.80
Volume5.27L
Upper Circuit-
Lower Circuit-
Market Cap₹19,991.84Cr

Key Statistics

P/E Ratio13.8
PEG Ratio0.36
Market Cap₹19,991.84 Cr
P/B Ratio2.85
EPS23.3

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Canara Robeco Emerging Equities Direct Plan Growth OptionCanara Robeco Emerging Equities Direct Plan Growth Option1.16%
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan0.49%
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth1.09%
Nippon India Multi Cap Fund - Direct Plan - GrowthNippon India Multi Cap Fund - Direct Plan - Growth0.42%
Canara Robeco Flexi Cap Fund Direct Plan Growth OptionCanara Robeco Flexi Cap Fund Direct Plan Growth Option1.08%

Company Information

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: ₹1274.75 per share as on 11 Jul, 2024 04:01 PM
Market Capitalisation: ₹19,991.84Cr as of today
Revenue: ₹1,459.10Cr as on March 2024 (Q1 24)
Net Profit: ₹397.08Cr as on March 2024 (Q1 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

  • CreditAccess Grameen Emerges as Promising Stock - 11 Jul, 2024

    CreditAccess Grameen is a promising stock with a strong loan portfolio and focus on women entrepreneurs. Its net interest income has tripled since 2020, and its net profit and earnings per share have quadrupled. Analysts at Geojit BNP Paribas, KR Choksey, and Axis Securities have all given BUY ratings on the stock.

  • GS on CreditAccess Grameen: Risk-Reward Attractive - 10 Jul, 2024

    Goldman Sachs has stated that the stress test offers limited downside for CreditAccess Grameen, with an attractive risk-reward ratio. The company is expected to deliver PPoP/PAT growth of 26%/23% over FY24-27 and achieve an average RoA/RoE of 5.4%/23%. Even in a stress case scenario, the stock is only expected to see a 16% downside. Overall

  • Investec Recommends Buy on CreditAccess Grameen - 04 Jul, 2024

    Investec has a buy call on CreditAccess Grameen with a target price of Rs 1,900 per share. Loan growth is expected to moderate in Q1 due to seasonal factors, and NIMs may see further moderation as cost of funds increases. However, Investec remains positive on the stock from a medium-term perspective and sees Q1 weakness as a good entry opportunity.

  • CreditAccess Grameen CFO Emphasizes Importance of Diversified Funding - 18 Jun, 2024

    Balakrishna Kamath, CFO at CreditAccess Grameen, highlights the importance of a diversified funding profile to support credit opportunities in rural India. The institution raised $212 million in ECBs, enabling diversification of borrowing sources and providing long-term funding.

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

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.89% to 13.98% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 8 quarters, 760.52 Cr → 1.45K Cr (in ₹), with an average increase of 8.8% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 347.04 Cr → 397.08 Cr (in ₹), with an average increase of 6.4% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 5.55% to 6.01% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Shriram Finance Ltd has given 56.9% return, outperforming this stock by 59.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 175.1% return, outperforming this stock by 99.9%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.00% to 11.65% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 66.66% to 66.58% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, CREDITACC stock has moved down by -16.2%

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹1,459.10Cr
↑12.65%
Net Income
₹397.08Cr
↑12.38%
Net Profit Margin
27.21%
↓0.26%
2023Y/Y Change
Revenue
₹3,487.03Cr
↑30.67%
Net Income
₹826.06Cr
↑133.96%
Net Profit Margin
23.69%
↑79.06%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹21,889.61Cr
↑25.04%
Total Liabilities
₹16,782.67Cr
↑25.81%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹3,289.76Cr
↑21.24%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
66.58%
0.00
Foreign Institutions
11.65%
0.00
Mutual Funds
13.98%
0.00
Retail Investors
6.01%
0.00
Others
1.78%
0.00

Key Indicators

CreditAccess Grameen Ltd Valuation

CreditAccess Grameen Ltd in the last 5 years

  • Overview

  • Trends

Lowest (13.17x)

March 30, 2020

Today (13.80x)

July 10, 2024

Industry (31.14x)

July 10, 2024

Highest (180.76x)

December 13, 2021

LowHigh

Earnings and Dividends

  • CreditAccess Grameen Ltd Earnings Results

    CreditAccess Grameen Ltd’s net profit jumped 33.89% since last year same period to ₹397.08Cr in the Q4 2023-2024. On a quarterly growth basis, CreditAccess Grameen Ltd has generated 12.38% 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 0.80%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

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

Frequently Asked Questions

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CreditAccess Grameen Ltd (CREDITACC) share price today is ₹1274.75

CreditAccess Grameen Ltd is listed on NSE

CreditAccess Grameen Ltd is listed on BSE

  • Today’s highest price of CreditAccess Grameen Ltd is ₹1303.1.
  • Today’s lowest price of CreditAccess Grameen Ltd is ₹1257.45.

PE Ratio of CreditAccess Grameen Ltd is 13.8

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 5.27L.

Today’s market capitalisation of CreditAccess Grameen Ltd(CREDITACC) is ₹19991.84Cr.

CreditAccess Grameen Ltd(CREDITACCPrice
52 Week High
₹1796
52 Week Low
₹1190.1

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1274.75. It is down -29.02% from its 52 Week High price of ₹1796

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1274.75. It is up 7.11% from its 52 Week Low price of ₹1190.1

CreditAccess Grameen Ltd(CREDITACCReturns
1 Day Returns
20.65%
1 Month Returns
-16.19%
3 Month Returns
-14.77%
1 Year Returns
-2.95%