CreditAccess Grameen Ltd share price logo

CreditAccess Grameen Ltd Share Price (CREDITACC)

₹1297.30.19%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of CreditAccess Grameen Ltd

Key events for CreditAccess Grameen Ltd

  • CreditAccess Grameen Target Price Set at Rs 1,660 - 19 Sep, 2023

    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.

Analyst Rating for CreditAccess Grameen Ltd stock

based on 14 analysts

BUY
92.86%
Buy
7.14%
Hold
0.00%
Sell

Based on 14 analysts offering long term price targets for CreditAccess Grameen Ltd. An average target of ₹1540.93

Source: S&P Global Market Intelligence

CreditAccess Grameen Ltd share Performance

  • ₹1297.3
    ₹1297.3
    ₹1297.3

    Day's Volatility:

  • ₹834.1
    ₹1502
    ₹1297.3
    downward going graph

    35.70%

    Downside

    52 Weeks Volatility:51.48%

    Upside

    15.78%

    downward going graph
1 Month Return-6.7 %
3 Month Return4.18 %
1 Year Return29.91 %
Previous Close₹1,299.75
Open₹1,297.30
Volume1.95L
Market Cap₹20,676.48Cr

CreditAccess Grameen Ltd 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: ₹1297.30 per share as on 29 Sep, 2023 01:19 PM
Market Capitalisation: ₹20,676.48Cr as of today
Revenue: ₹1,066.24Cr as on March 2023 (Q1 23)
Net Profit: ₹296.57Cr as on March 2023 (Q1 23)
Listing date: 23 Aug, 2018
Chairperson Name: George Joseph
OrganisationCreditAccess Grameen Ltd
Headquarters
IndustryFinance
E-voting on sharesClick here to vote

Fundamentals of CreditAccess Grameen Ltd

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 10.20% to 10.27% in Jun 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up
    img

    Retail Investor have increased holdings from 4.37% to 11.77% in Jun 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich
    img

    Revenue is up for the last 4 quarters, 760.52 Cr → 1.06K Cr (in ₹), with an average increase of 10.6% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike
    img

    Netprofit is up for the last 4 quarters, 137.9 Cr → 296.57 Cr (in ₹), with an average increase of 22.4% per quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 384.4% return, outperforming this stock by 304.5%

  • imgNO EFFECT

    Against Peers
    img

    In the last 1 year, Cholamandalam Investment & Finance Company Ltd has given 67.6% return, outperforming this stock by 37.7%

  • imgNEGATIVE IMPACT

    FII Holding Down
    img

    Foreign Institutions have decreased holdings from 9.67% to 9.56% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip
    img

    In the last 1 month, CREDITACC stock has moved down by -6.7%

  • imgNEGATIVE IMPACT

    Promoter Holding Down
    img

    Promoters have decreased holdings from 73.68% to 66.77% in Jun 2023 quarter

CreditAccess Grameen Ltd share Valuation

CreditAccess Grameen Ltd in the last 5 years

  • Overview

  • Trends

Lowest (13.17x)

March 30, 2020

Today (19.93x)

September 28, 2023

Industry (26.40x)

September 28, 2023

Highest (180.76x)

December 13, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Small Cap Fund - Direct Plan - Growth PlanNippon India Small Cap Fund - Direct Plan - Growth Plan1.52%
Axis Small Cap Fund Direct GrowthAxis Small Cap Fund Direct Growth1.37%
Canara Robeco Emerging Equities Direct Plan Growth OptionCanara Robeco Emerging Equities Direct Plan Growth Option1.21%
Nippon India Multi Cap Fund - Direct Plan - GrowthNippon India Multi Cap Fund - Direct Plan - Growth1.05%
PGIM India Midcap Opportunities Fund Direct GrowthPGIM India Midcap Opportunities Fund Direct Growth1.56%

CreditAccess Grameen Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
66.77%
-9.38
Foreign Institutions
9.56%
-1.21
Mutual Funds
10.27%
0.70
Retail Investors
11.77%
169.31
Others
1.63%
-21.24

Technicals of CreditAccess Grameen Ltd share

News & Events of CreditAccess Grameen Ltd

Frequently Asked Questions

CreditAccess Grameen Ltd (CREDITACC) share price today is ₹1297.3

  • Today’s highest price of CreditAccess Grameen Ltd is ₹1297.3.
  • Today’s lowest price of CreditAccess Grameen Ltd is ₹1297.3.

Today’s traded volume of CreditAccess Grameen Ltd(CREDITACC) is 1.95L.

Today’s market capitalisation of CreditAccess Grameen Ltd(CREDITACC) is ₹20676.48Cr.

CreditAccess Grameen Ltd(CREDITACCPrice
52 Week High
₹1502
52 Week Low
₹834.1

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1297.3. It is down -13.63% from its 52 Week High price of ₹1502

CreditAccess Grameen Ltd(CREDITACC) share price is ₹1297.3. It is up 55.53% from its 52 Week Low price of ₹834.1

CreditAccess Grameen Ltd(CREDITACCReturns
1 Day Returns
-2.45%
1 Month Returns
-6.7%
3 Month Returns
4.18%
1 Year Returns
29.91%