Finance
Valuation | |
|---|---|
| Market Cap | 21.37 kCr |
| Price/Earnings (Trailing) | 43.97 |
| Price/Sales (Trailing) | 3.64 |
| EV/EBITDA | 7.92 |
| Price/Free Cashflow | 20.11 |
| MarketCap/EBT | 33.43 |
| Enterprise Value | 20.6 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 3.3% |
| Price Change 1M | 0.30% |
| Price Change 6M | 7.8% |
| Price Change 1Y | 33.2% |
| 3Y Cumulative Return | 14.1% |
| 5Y Cumulative Return | 13.2% |
| 7Y Cumulative Return | 18.7% |
Cash Flow & Liquidity | |
|---|---|
| Revenue (TTM) |
| 5.87 kCr |
| Rev. Growth (Yr) | 7.9% |
| Earnings (TTM) | 485.3 Cr |
| Earnings Growth (Yr) | 353.3% |
Profitability | |
|---|---|
| Operating Margin | 11% |
| EBT Margin | 11% |
| Return on Equity | 6.77% |
| Return on Assets | 1.75% |
| Free Cashflow Yield | 4.97% |
| Cash Flow from Investing (TTM) |
| 708.34 Cr |
| Cash Flow from Operations (TTM) | 1.13 kCr |
| Cash Flow from Financing (TTM) | -1.67 kCr |
| Cash & Equivalents | 764.6 Cr |
| Free Cash Flow (TTM) | 1.1 kCr |
| Free Cash Flow/Share (TTM) | 68.77 |
Balance Sheet | |
|---|---|
| Total Assets | 27.68 kCr |
| Total Liabilities | 20.51 kCr |
| Shareholder Equity | 7.16 kCr |
| Net PPE | 43.7 Cr |
| Inventory | 0.00 |
| Goodwill | 375.68 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.66 |
| Interest/Cashflow Ops | 1.59 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend Yield | 0.79% |
| Shares Dilution (1Y) | 0.30% |
| Shares Dilution (3Y) | 2.5% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Reasonably good balance sheet.
Profitability: Recent profitability of 8% is a good sign.
Insider Trading: There's significant insider buying recently.
No major cons observed.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Reasonably good balance sheet.
Profitability: Recent profitability of 8% is a good sign.
Insider Trading: There's significant insider buying recently.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.79% |
| Shares Dilution (1Y) | 0.30% |
| Earnings/Share (TTM) | 30.36 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 52.4 |
| RSI (5d) | 50.15 |
| RSI (21d) | 52.13 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of CreditAccess Grameen's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for CreditAccess Grameen Limited is optimistic, with clear indications of a strong recovery in business performance. Key highlights from the management's remarks include:
Normalization of Asset Quality: The company's X bucket collection efficiency reached 99.71% in December 2025, with monthly PAR 15+ accretion declining significantly to 18 basis points (bps) from 47 bps in September 2025.
Disbursements Growth: Disbursements for Q3 FY26 totaled INR 5,767 Crore, reflecting a 13.4% year-over-year increase. December alone saw disbursements exceeding INR 2,200 Crore. The company achieved a sequential portfolio growth of 2.6%, bringing the total to INR 26,566 Crore.
Focus on Borrower Acquisition: The company added 2.1 Lakh borrowers in Q3 FY26, with a total of 6.4 Lakh for the nine-month period. Importantly, 50% of these new borrowers came from regions outside the three core states.
Credit Cost Guidance for FY27: Management projects a credit cost between 4% to 4.5%, contingent on maintaining a monthly PAR 15+ accretion rate of 30-35 bps. If this rate can be lower (20-25 bps), it could potentially lead to reduced credit costs in the future.
Employee Base and Attrition: The workforce remained stable at 21,701 employees with attrition declining to 30.2% from 35.2% year-over-year.
Future Growth Expectations: Management anticipates a growth rate for the next year (FY27) to be around 20% overall. Microfinance is expected to see lower growth compared to historical levels, primarily driven by retail finance expansion.
Improvement in Net Interest Margins (NIM): NIM improved to 13.9%, with the company projecting margins between 14% to 14.5% for the upcoming year due to continued reductions in the cost of funds.
Overall, management expresses confidence in sustaining growth momentum and enhancing shareholder value, buoyed by a strengthened balance sheet and improved market dynamics.
Understand CreditAccess Grameen ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| CREDITACCESS INDIA B.V. | 66.28% |
| CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO LARGE | 1.53% |
| SCHRODER INTERNATIONAL SELECTION FUND GLOBAL EMERG | 1.5% |
| HDFC LARGE AND MID CAP FUND | 1.29% |
| EDELWEISS NIFTY SMALLCAP 250 INDEX FUND | 1.13% |
| CreditAccess Life Insuance Limited | 0% |
Detailed comparison of CreditAccess Grameen against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BANDHANBNK | Bandhan Bank | 25.35 kCr | 24.36 kCr | +6.90% | +4.20% | 14.67 | 1.04 | - | - |
| UJJIVANSFB | Ujjivan Small Finance Bank |
Comprehensive comparison against sector averages
CREDITACC metrics compared to Finance
| Category | CREDITACC | Finance |
|---|---|---|
| PE | 43.52 | 17.60 |
| PS | 3.60 | 3.34 |
| Growth | 1.1 % | 11.6 % |
CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low income households in India. The company offers microcredit loans for income generation, home improvement, emergency, family welfare, and Grameen Unnati, as well as Grameen Suraksha, life insurance, and national pension schemes. It also provides retail finance loans, such as Grameen Vikas, Gruha Vikas, Grameen two-wheeler, and Grameen Swarna. In addition, the company offers digital lending products comprising Pragathi digital and multi-purpose digital loans. The company was formerly known as Grameen Koota Financial Services Private Limited and changed its name to CreditAccess Grameen Limited in January 2018. CreditAccess Grameen Limited was incorporated in 1991 and is headquartered in Bengaluru, India. CreditAccess Grameen Limited operates as a subsidiary of CreditAccess India BV.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
CREDITACC vs Finance (2021 - 2026)
Question: "Can you give some colour about trends in Uttar Pradesh, Bihar and Madhya Pradesh compared to the April-24 number that you had given us last year? They are still probably 15 to 20 bps higher currently?" Answer: Yes, trends in UP, Bihar, and MP are improving, although they still have slightly higher credit costs than our core states. It's a matter of time, and we're consistently observing downward trends across all states. Improvement in these regions is expected in the coming months.
Question: "Can you provide insight on the recovery in Karnataka? There were concerns about credit discipline post-MFI ordinance." Answer: Karnataka has shown a robust recovery, and we are witnessing a return to normalcy in asset quality. We expect to continue improving in the coming months, with January also indicating strong performance. Our deep roots in Karnataka help us navigate this swiftly.
Question: "How have your rejection rates trended over the last 2-3 quarters?" Answer: Approval rates have fallen to around 55%-60% for new borrowers and 45%-50% for renewals due to tighter regulations. This necessitates more effort in customer acquisition, but it's part of our strategy to balance growth between microfinance and retail finance.
Question: "What will be the split of growth between MFI and retail finance for FY27?" Answer: Microfinance growth is anticipated in the early teens, while retail finance is expected to grow faster than previously projected. We are experiencing a shift, making retail finance a significant contributor to our overall growth trajectory.
Question: "How much of the retail finance book is secured versus unsecured?" Answer: Approximately INR 3,780 Crore of our retail finance book comprises INR 1,700 Crore in high-quality unsecured loans and INR 1,600 Crore in a lower-tier segment. Secured loans include around INR 500 Crore with low PAR rates, indicating strong performance.
Question: "Can you provide guidance on margins for the upcoming fiscal year?" Answer: We expect NIMs to improve to between 14% and 14.5% as borrowing costs decline. Our pricing will adapt based on evolving credit costs, and we aim to maintain a consistent return on assets around the 4.0%-4.5% range.
Question: "What are your expectations on new customer acquisition moving forward?" Answer: We expect new customer acquisition to pick up significantly in Q4. Historical PAR issues have been addressed, leading to positive sentiments in the field, and we'll implement targeted strategies to drive growth in new customer additions.
Question: "Can we expect your guidance of 4.0%-4.5% ROA to be conservative given current performance?" Answer: Yes, we consider this guidance stable under normal conditions. Despite potential elevated performance in certain quarters, pricing adjustments will ensure we align our margins without compromising access to affordable credit for customers.
Distribution across major stakeholders
Distribution across major institutional holders
| 12.65 kCr |
| 7.7 kCr |
| +11.60% |
| +74.80% |
| 13.02 |
| 1.64 |
| - |
| - |
| EQUITASBNK | Equitas Small Finance Bank | 7.51 kCr | 7.64 kCr | -1.20% | -7.60% | 49.08 | 0.98 | - | - |
| SPANDANA | Spandana Sphoorty Financial | 2.2 kCr | 1.21 kCr | -4.40% | -20.40% | -1.59 | 1.82 | - | - |
| SATIN | SATIN CREDITCARE NETWORK | 1.75 kCr | 2.88 kCr | +8.60% | +8.90% | 9.08 | 0.61 | - | - |
| 0% |
| 16 |
| 16 |
| 15 |
| 15 |
| 16 |
| 17 |
| Fees and commission expenses | 4.3% | 0.56 | 0.54 | 0.97 | 0.14 | 0.63 | 0.13 |
| Impairment on financial instruments | -34.9% | 343 | 526 | 572 | 583 | 752 | 420 |
| Other expenses | 9.2% | 108 | 99 | 91 | 105 | 90 | 91 |
| Profit Before exceptional items and Tax | 100.6% | 338 | 169 | 81 | 51 | -128.93 | 252 |
| Total profit before tax | 100.6% | 338 | 169 | 81 | 51 | -128.93 | 252 |
| Current tax | 3252.3% | 119 | 4.52 | 0.04 | 15 | 70 | 146 |
| Deferred tax | -190.8% | -33.51 | 39 | 21 | -10.7 | -99.36 | -79.87 |
| Tax expense | 102.4% | 86 | 43 | 21 | 3.87 | -29.41 | 66 |
| Total profit (loss) for period | 100.8% | 252 | 126 | 60 | 47 | -99.52 | 186 |
| Other comp. income net of taxes | 1.9% | 2.63 | 2.6 | -2.79 | -12.62 | 7.89 | -7.94 |
| Total Comprehensive Income | 100% | 255 | 128 | 57 | 35 | -91.63 | 178 |
| Earnings Per Share, Basic | 114.8% | 15.76 | 7.87 | 3.77 | 2.96 | -6.24 | 11.67 |
| Earnings Per Share, Diluted | 114.9% | 15.68 | 7.83 | 3.76 | 2.95 | -6.24 | 11.61 |
| Debt equity ratio | 0% | 0.0279 | 0.0282 | 0.0287 | 0.0295 | 0.0293 | 0.03 |
| -43.6% |
| 3.81 |
| 5.98 |
| 5.64 |
| 1.81 |
| 3.61 |
| 5.2 |
| Total Expenses | 56.1% | 5,047 | 3,233 | 2,445 | 1,779 | 1,837 | 1,233 |
| Employee Expense | 9.1% | 730 | 669 | 515 | 354 | 300 | 260 |
| Finance costs | 12.5% | 1,948 | 1,732 | 1,213 | 788 | 740 | 573 |
| Depreciation and Amortization | 22% | 62 | 51 | 50 | 26 | 23 | 20 |
| Fees and commission expenses | -96.6% | 1.1 | 3.9 | 1.8 | 2.96 | 3.01 | 0 |
| Impairment on financial instruments | 327.7% | 1,930 | 452 | 401 | 449 | 647 | 239 |
| Other expenses | 16% | 377 | 325 | 265 | 158 | 124 | 143 |
| Profit Before exceptional items and Tax | -63.5% | 709 | 1,939 | 1,105 | 513 | 194 | 451 |
| Total profit before tax | -63.5% | 709 | 1,939 | 1,105 | 513 | 194 | 451 |
| Current tax | -28.9% | 388 | 545 | 238 | 114 | 93 | 159 |
| Deferred tax | -304.8% | -210.78 | -51.32 | 41 | 17 | -41.54 | -35.93 |
| Tax expense | -64.2% | 177 | 493 | 279 | 130 | 52 | 123 |
| Total profit (loss) for period | -63.3% | 531 | 1,446 | 826 | 382 | 142 | - |
| Other comp. income net of taxes | -79.7% | -27.19 | -14.69 | 8.41 | -85.64 | 32 | -27.33 |
| Total Comprehensive Income | -64.8% | 504 | 1,431 | 834 | 296 | 175 | 300 |
| Reserve excluding revaluation reserves | - | 0 | - | - | 3,784 | - | - |
| Earnings Per Share, Basic | -64% | 33.32 | 90.88 | 52.04 | 24.54 | 9.52 | 22.78 |
| Earnings Per Share, Diluted | -63.9% | 33.24 | 90.41 | 51.81 | 24.44 | 9.46 | 22.59 |
| Debt equity ratio | -0.4% | 0.0295 | 0.0335 | 0.0323 | 0 | 0.0242 | - |
| 0% |
| 44 |
| 44 |
| 45 |
| 32 |
| 30 |
| 32 |
| Capital work-in-progress | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0% | 376 | 376 | 376 | 376 | 376 | 376 |
| Total non-financial assets | 2.3% | 1,046 | 1,023 | 929 | - | - | - |
| Total assets | -0.4% | 27,679 | 27,802 | 26,612 | 28,846 | 23,954 | 21,858 |
| Equity share capital | 0% | 160 | 160 | 159 | 159 | 159 | 159 |
| Total equity | 3% | 7,164 | 6,956 | 6,988 | 6,570 | 5,798 | 5,107 |
| Derivative financial instruments | -76.5% | 8.27 | 32 | 0 | 0 | 0 | 0 |
| Debt securities | -23% | 1,188 | 1,542 | 1,929 | 2,042 | 2,228 | 1,672 |
| Borrowings | 0.1% | 18,890 | 18,879 | 17,200 | 19,774 | 15,359 | 14,562 |
| Subordinated liabilities | 0% | 25 | 25 | 25 | 25 | 81 | 78 |
| Total financial liabilities | -1.6% | 20,424 | 20,747 | 19,502 | - | - | - |
| Current tax liabilities | -70.8% | 5.97 | 18 | 49 | 0 | 32 | 0.56 |
| Provisions | 1.7% | 60 | 59 | 55 | 47 | 42 | 37 |
| Total non financial liabilities | -9.1% | 91 | 100 | 122 | - | - | - |
| Total liabilities | -1.6% | 20,514 | 20,846 | - | 22,276 | 18,156 | 16,751 |
| Total equity and liabilities | -0.4% | 27,679 | 27,802 | 26,612 | 28,846 | 23,954 | 21,858 |
| 10.4% |
| 1,898 |
| 1,720 |
| 1,213 |
| 772 |
| - |
| - |
| Interest received | 11.5% | 5,392 | 4,835 | 3,393 | 2,093 | - | - |
| Income taxes paid (refund) | -38.4% | 346 | 561 | 240 | 113 | - | - |
| Net Cashflows From Operating Activities | 123.7% | 1,125 | -4,733.89 | -3,289.76 | -1,968.56 | - | - |
| Proceeds from sales of PPE | 27.6% | 0.29 | 0.02 | 0.05 | 0.13 | - | - |
| Purchase of property, plant and equipment | 136.4% | 27 | 12 | 14 | 17 | - | - |
| Purchase of intangible assets | -20% | 6.97 | 8.46 | 3.6 | 5.96 | - | - |
| Dividends received | - | 0 | 0 | 0 | 0.14 | - | - |
| Interest received | 38.7% | 105 | 76 | 48 | 30 | - | - |
| Other inflows/outflows of cash | 160.4% | 636 | -1,049.77 | -345.42 | -195.35 | - | - |
| Net Cashflows From Investing Activities | 171% | 708 | -994.2 | -314.42 | -189.25 | - | - |
| Proceeds from exercise of stock options | 21.4% | 18 | 15 | 4.73 | 3.03 | - | - |
| Proceeds from issuing debt etc | -100.3% | 0 | 386 | 256 | -162.84 | - | - |
| Proceeds from borrowings | 79.9% | 9,300 | 5,169 | 3,123 | 1,862 | - | - |
| Repayments of borrowings | 20657.7% | 10,795 | 53 | 0 | 0 | - | - |
| Payments of lease liabilities | 39.1% | 33 | 24 | 19 | 17 | - | - |
| Dividends paid | - | 159 | 0 | 0 | 0 | - | - |
| Net Cashflows From Financing Activities | -130.4% | -1,669.38 | 5,494 | 3,365 | 1,684 | - | - |
| Net change in cash and cash eq. | 169.3% | 164 | -234.23 | -239.11 | -473.43 | - | - |