CreditAccess Grameen Share Price

1,203.7010.96 (0.92%)

NSE

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As On: 30 Aug, 2024, 12:38 PM IST
As On: 30 Aug, 2024, 12:38 PM IST

Sector: NBFC
Industry: NBFC - Micro Finan...

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Open1,198.75
High1,211.85
Low1,195.05
Prev Close1,192.75
Volume1,08,364
VWAP(₹)1,203.97

CreditAccess Grameen share price insights

Rank 446 - ET 5002023 ranking

Intraday fact check
In the last 6 years, only 3.02 % trading sessions saw intraday declines higher than 5 % .
Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 45.68% outperformed its 3 year CAGR of 27.69%. (Source: Consolidated Financials)
Sell Signal: Advantage Bears !
Daily MACD crossover appeared yesterday. Average price decline of -4.71% within 10 days of this signal in last 10 years.
Stock Returns vs Nifty Midcap 100
Stock gave a 3 year return of 79.86% as compared to Nifty Midcap 100 which gave a return of 112.53%. (as of last trading session)
CreditAccess Grameen Share Price Update
CreditAccess Grameen Ltd. share price moved up by 0.92% from its previous close of Rs 1,192.75. CreditAccess Grameen Ltd. stock last traded price is 1,203.70
Share Price Value
Today/Current/Last 1,203.701,204.65
Previous Day 1,192.751,192.90

CreditAccess Grameen Share Price Returns

1 Day	0.92%
1 Month	-9.22%
3 Months	-8.62%
1 Year	-13.67%
3 Years	79.71%
5 Years	114.97%

Key Metrics

PE Ratio(x)	12.87
EPS - TTM(₹)	93.79
MCap(₹ Cr.)	19,242.60
MCap Rank	23
PB Ratio(x)	2.89
Div Yield(%)	0.83
Face Value(₹)	10.00
52W High(₹)	1,796.00
52W Low(₹)	1,153.00
MCap/Sales	4.44
Beta(1 Month)	1.27
BV/Share(₹)	412.14

CreditAccess Grameen Share Recommendations

Mean recosCurrent

STRONG BUY

17 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	10	10	10	12
Buy	6	6	6	4
Hold	1	1	1	-
Sell	-	-	-	-
Strong Sell	-	-	-	-
# Analysts	17	17	17	16

Recent Recos

Target₹1520
OrganizationMotilal Oswal Financial Services
BUY

View all Stock Recommendations

CreditAccess Grameen News & Analysis

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Announcements

View all CreditAccess Grameen Share News & Announcements

CreditAccess Grameen Financials

Consolidated

Income (P&L)

	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Total Income	1,512.58	1,459.10	1,295.23	1,247.59	1,170.72
Total Income Growth (%)	3.67	12.65	3.82	6.57	9.80
Total Expenses	467.53	447.49	378.16	356.95	318.43
Total Expenses Growth (%)	4.48	18.33	5.94	12.10	-1.43
EBIT	1,045.05	1,011.61	917.07	890.64	852.29
EBIT Growth (%)	3.31	10.31	2.97	4.50	14.68
Profit after Tax (PAT)	397.66	397.08	353.34	347.04	348.46
PAT Growth (%)	0.15	12.38	1.82	-0.41	17.50
EBIT Margin (%)	69.09	69.33	70.80	71.39	72.80
Net Profit Margin (%)	26.29	27.21	27.28	27.82	29.76
Basic EPS (₹)	24.95	24.93	22.20	21.82	21.93

	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Total Income	1,512.58	1,459.10	1,295.23	1,247.59	1,170.72
Total Income Growth (%)	3.67	12.65	3.82	6.57	9.80
Total Expenses	467.53	447.58	378.08	354.78	320.60
Total Expenses Growth (%)	4.46	18.38	6.57	10.66	-0.76
EBIT	1,045.05	1,011.52	917.15	892.81	850.12
EBIT Growth (%)	3.31	10.29	2.73	5.02	14.39
Profit after Tax (PAT)	397.66	396.99	353.42	349.21	346.29
PAT Growth (%)	0.17	12.33	1.21	0.84	16.77
EBIT Margin (%)	69.09	69.32	70.81	71.56	72.62
Net Profit Margin (%)	26.29	27.21	27.29	27.99	29.58
Basic EPS (₹)	24.95	24.93	22.21	21.95	21.79

	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	5,172.65	3,550.79	2,750.13	2,466.07	1,705.48
Total Revenue Growth (%)	45.68	29.11	11.52	44.60	32.90
Total Expenses	3,233.47	2,445.37	2,269.34	2,285.67	1,243.88
Total Expenses Growth (%)	32.23	7.76	-0.71	83.75	58.34
Profit after Tax (PAT)	1,445.93	826.06	363.04	134.02	333.55
PAT Growth (%)	75.04	127.54	170.88	-59.82	3.66
Operating Profit Margin (%)	71.06	65.39	53.40	45.06	61.01
Net Profit Margin (%)	27.98	23.30	13.23	5.44	19.57
Basic EPS (₹)	90.88	52.04	23.31	8.96	23.20

	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	5,172.65	3,550.76	2,291.20	2,031.14	1,684.36
Total Revenue Growth (%)	45.68	54.97	12.80	20.59	31.25
Total Expenses	3,233.47	2,445.37	1,778.56	1,836.85	1,233.47
Total Expenses Growth (%)	32.23	37.49	-3.17	48.92	57.01
Profit after Tax (PAT)	1,445.93	826.03	382.14	142.39	327.50
PAT Growth (%)	75.05	116.16	168.38	-56.52	1.78
Operating Profit Margin (%)	71.06	65.39	56.81	46.07	60.70
Net Profit Margin (%)	27.98	23.30	16.69	7.02	19.45
Basic EPS (₹)	90.88	52.04	24.54	9.52	22.78

All figures in Rs Cr, unless mentioned otherwise

Insights

Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 45.68% outperformed its 3 year CAGR of 27.69%. (Source: Consolidated Financials)
Employee & Interest Expense
Company has spent 33.53% of its operating revenues towards interest expenses and 12.96% towards employee cost in the year ending Mar 31, 2024. (Source: Consolidated Financials)

Balance Sheet

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Assets	28,846.16	21,858.10	17,394.75	15,060.23	12,590.21
Total Assets Growth (%)	31.97	25.66	15.50	19.62	71.13
Total Liabilities	22,276.18	16,751.13	13,318.70	11,263.85	9,747.04
Total Liabilities Growth (%)	32.98	25.77	18.24	15.56	95.25
Total Equity	6,569.98	5,106.97	4,076.05	3,796.38	2,843.17
Total Equity Growth (%)	28.65	25.29	7.37	33.53	20.22
Current Ratio (x)	1.26	1.26	1.41	1.52	1.35
Total Debt to Equity (x)	3.32	3.19	3.25	2.96	3.49
Contingent Liabilities	9.29	2.47	4.26	1.23	1.80

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Assets	28,846.01	21,858.06	14,795.10	12,696.79	10,661.66
Total Assets Growth (%)	31.97	47.74	16.53	19.09	44.92
Total Liabilities	22,276.06	16,751.12	10,855.30	9,061.98	7,992.58
Total Liabilities Growth (%)	32.98	54.31	19.79	13.38	60.11
Total Equity	6,569.95	5,106.94	3,939.80	3,634.81	2,669.08
Total Equity Growth (%)	28.65	29.62	8.39	36.18	12.85
Current Ratio (x)	1.26	1.26	1.54	1.66	1.44
Total Debt to Equity (x)	3.32	3.19	2.66	2.42	2.93
Contingent Liabilities	-	2.47	4.01	0.98	1.35

All figures in Rs Cr, unless mentioned otherwise

Cash Flows

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash flow from Operating Activities	-4,733.78	-3,289.78	-2,714.34	-454.67	-2,252.64
Net Cash used in Investing Activities	-994.20	-314.43	-32.96	23.53	-607.64
Net Cash flow from Financing Activities	5,493.86	3,365.07	1,967.76	2,146.36	2,914.71
Net Cash Flow	-234.12	-239.14	-779.54	1,715.22	54.43
Closing Cash & Cash Equivalent	1,107.29	1,341.41	1,580.55	2,360.09	644.87
Closing Cash & Cash Equivalent Growth (%)	-17.45	-15.13	-33.03	265.98	12.40
Total Debt/ CFO (x)	-4.61	-4.96	-4.76	-24.06	-4.23

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash flow from Operating Activities	-4,733.89	-3,289.76	-1,968.56	-364.32	-2,301.95
Net Cash used in Investing Activities	-994.20	-314.42	-189.25	-31.67	-635.82
Net Cash flow from Financing Activities	5,493.86	3,365.07	1,684.38	1,705.96	2,928.66
Net Cash Flow	-234.23	-239.11	-473.43	1,309.97	-9.11
Closing Cash & Cash Equivalent	1,107.17	1,341.40	1,401.16	1,874.59	564.62
Closing Cash & Cash Equivalent Growth (%)	-17.46	-4.27	-25.26	232.01	-1.59
Total Debt/ CFO (x)	-4.61	-4.96	-5.33	-24.10	-3.40

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 994.2 cr for investing activities which is an YoY increase of 216.19%. (Source: Consolidated Financials)

Ratios

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Return on Equity (%)	22.00	16.17	9.12	3.63	12.19
Return on Capital Employed (%)	55.27	44.89	26.05	19.76	27.58
Return on Assets (%)	5.01	3.77	2.08	0.88	2.64
Interest Coverage Ratio (x)	2.15	1.95	1.54	1.24	1.80
Asset Turnover Ratio (x)	0.20	0.18	0.15	0.16	13.53
Price to Earnings (x)	15.87	17.61	36.50	78.13	14.62
Price to Book (x)	3.49	2.85	3.33	2.83	1.78
EV/EBITDA (x)	11.68	12.42	16.20	16.47	13.02
EBITDA Margin (%)	72.05	66.79	55.13	46.85	62.21

Annual	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Return on Equity (%)	22.00	16.17	9.69	3.91	12.27
Return on Capital Employed (%)	55.27	44.89	24.31	17.98	30.28
Return on Assets (%)	5.01	3.77	2.58	1.12	3.07
Interest Coverage Ratio (x)	2.15	1.95	1.68	1.29	1.79
Asset Turnover Ratio (x)	0.20	0.19	0.17	0.17	15.79
Price to Earnings (x)	15.87	17.61	34.72	73.53	14.88
Price to Book (x)	3.49	2.85	3.36	2.87	1.83
EV/EBITDA (x)	11.68	12.42	16.72	18.03	11.63
EBITDA Margin (%)	72.05	66.79	57.96	47.23	61.86

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
CreditAccess Grameen	12.87	2.93	22.00	55.27	5.01	27.69	71.06	27.98	90.88	1.26	3.32	-4.61
Spandana Sphoorty	10.18	1.22	13.73	20.50	3.74	18.74	65.90	20.65	70.42	2.34	2.59	-3.48
Muthoot Microfin	8.34	1.39	16.03	38.52	3.87	48.03	64.53	19.80	30.20	1.45	2.98	-3.93
Fusion Micro Finance	9.14	1.12	17.74	49.89	4.29	39.85	62.76	21.81	50.30	1.31	3.01	-6.34
Satin Creditcare	5.23	0.99	18.15	61.10	4.15	17.34	66.45	19.52	44.34	1.28	3.30	-3.83

Annual Ratios (%)

Stock Performance

TABLE

NAME	1D	1W	1M	3M	1Y	3Y	5Y
CreditAccess Grameen Stock Performance	0.93	-1.37	-8.48	-9.02	-13.59	81.53	129.27
Spandana Sphoorty Stock Performance	0.93	0.67	-6.43	-20.62	-24.19	-0.87	-29.92
Muthoot Microfin Stock Performance	0.05	1.20	-5.15	4.28	0.00	0.00	0.00
Fusion Micro Finance Stock Performance	1.66	10.76	-27.48	-30.90	-50.53	0.00	0.00
Satin Creditcare Stock Performance	1.40	0.48	-2.72	-2.39	1.29	166.72	-20.29

All values in %

Insights

Stock Returns vs Nifty Midcap 100
Stock gave a 3 year return of 79.86% as compared to Nifty Midcap 100 which gave a return of 112.53%. (as of last trading session)
Stock Returns vs Nifty Financial Services
Stock generated 79.86% return as compared to Nifty Financial Services which gave investors 34.6% return over 3 year time period. (as of last trading session)

Mutual Funds Ownership

MF Ownership as on 31 July 2024

Canara Robeco Emerging Equities Direct-G
Equity: Large & MidCap
2.0
- 301.18
  Amount Invested (in Cr.)
- 1.22%
  % of AUM
- 8.36
  % Change (MoM basis)
Nippon India Small Cap Direct-G
Equity: Small Cap
5.0
- 276.73
  Amount Invested (in Cr.)
- 0.46%
  % of AUM
- 0.00
  % Change (MoM basis)
Axis Small Cap Direct-G
Equity: Small Cap
4.0
- 243.07
  Amount Invested (in Cr.)
- 1.04%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

Corporate Actions

Recent
Board Meeting
Quarterly Results
Jul 10, 2024
Final
100%
May 07, 2024
Board Meeting
Audited Results & Final Dividend
May 02, 2024

Board Meetings

Announced on	Meeting on
Jul 10, 2024	Jul 19, 2024
Quarterly Results
May 02, 2024	May 07, 2024
Audited Results & Final Dividend
Jan 02, 2024	Jan 19, 2024
Quarterly Results & Others
Oct 04, 2023	Oct 20, 2023
Quarterly Results
Jul 10, 2023	Jul 21, 2023
Quarterly Results

Dividends
Announced on Ex-Date Dividend%
May 07, 2024 Jul 26, 2024 100%
Bonus
No Data Available
Splits
No Data Available
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
Jul 21, 2023 Aug 25, 2023
-
Mar 24, 2023 Apr 27, 2023
-
Mar 24, 2022 Apr 25, 2022
-
Feb 16, 2022 Mar 19, 2022
-
Jun 25, 2021 Jul 30, 2021
-

About

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19,013.85 Crore) operating in NBFC sector.

CreditAccess Grameen Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Financial Services, Bad Debts Recovery and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1,512.58 Crore, up 3.67 % from last quarter Total Income of Rs 1,459.10 Crore and up 29.20 % from last year same quarter Total Income of Rs 1,170.72 Crore. Company has reported net profit after tax of Rs 397.66 Crore in latest quarter.

The company’s top management includes Mr.George Joseph, Mr.Paolo Brichetti, Mr.Udaya Kumar Hebbar, Mr.Ganesh Narayanan, Mr.Massimo Vita, Mr.Sumit Kumar, Ms.Lilian Jessie Paul, Mr.Manoj Kumar, Ms.Rekha Gopal Warriar, Mr.S Balakrishna Kamath, Mr.M J Mahadev Prakash, Mr.Firoz Anam. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2024, the company has a total of 15.94 Crore shares outstanding.

About CreditAccess Grameen

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19,013.85 Crore) operating in NBFC sector. CreditAccess Grameen Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Financial Services, Bad Debts Recovery and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 1,512.58 Crore, up 3.67 % from last quarter Total Income of Rs 1,459.10 Crore and up 29.20 % from last year same quarter Total Income of Rs 1,170.72 Crore. Company has reported net profit after tax of Rs 397.66 Crore in latest quarter.The company’s top management includes Mr.George Joseph, Mr.Paolo Brichetti, Mr.Udaya Kumar Hebbar, Mr.Ganesh Narayanan, Mr.Massimo Vita, Mr.Sumit Kumar, Ms.Lilian Jessie Paul, Mr.Manoj Kumar, Ms.Rekha Gopal Warriar, Mr.S Balakrishna Kamath, Mr.M J Mahadev Prakash, Mr.Firoz Anam. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2024, the company has a total of 15.94 Crore shares outstanding.

Industry

NBFC - Micro Finance

Key Indices Listed On

Nifty Smallcap 100, Nifty 500, BSE 500, BSE 250 SmallCap Index, BSE SmallCap

Address

No.49, 46th Cross,8th Block,Jayanagar,Bengaluru, Karnataka - 560071

Contact

info@cagrameen.in

http://www.creditaccessgrameen.in

Executive Leadership

GJ

George Joseph

Chairman & Ind.Director

PB

Paolo Brichetti

Vice Chairman & Non Exe.Dire

UK

Udaya Kumar Hebbar

Managing Director & CEO

GN

Ganesh Narayanan

Chief Executive Officer

Show More

Auditors

PKF Sridhar & Santhanam�LLP

Varma & Varma

Deloitte Haskins & Sells LLP

S R Batliboi & Co. LLP

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