CreditAccess Grameen Ltd
CreditAccess Grameen Limited is registered as a non-deposit accepting NBFC - Microfinance Institution with the RBI. It is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. It also uses its distribution channel to provide certain other financial products and services to the members. [1]
- Market Cap ₹ 23,629 Cr.
- Current Price ₹ 1,483
- High / Low ₹ 1,796 / 967
- Stock P/E 17.6
- Book Value ₹ 364
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 17.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 31.2% CAGR over last 5 years
- Company's median sales growth is 31.6% of last 10 years
Cons
- Stock is trading at 4.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.3% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.41%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 62 | 88 | 146 | 278 | 464 | 708 | 871 | 1,282 | 1,683 | 2,028 | 2,669 | 3,487 | 4,775 |
Interest | 30 | 42 | 72 | 129 | 208 | 317 | 354 | 417 | 575 | 745 | 987 | 1,216 | 1,596 |
32 | 39 | 50 | 76 | 126 | 264 | 184 | 361 | 639 | 1,069 | 1,235 | 1,179 | 1,327 | |
Financing Profit | -1 | 7 | 24 | 74 | 130 | 128 | 332 | 504 | 470 | 214 | 447 | 1,092 | 1,852 |
Financing Margin % | -1% | 7% | 16% | 26% | 28% | 18% | 38% | 39% | 28% | 11% | 17% | 31% | 39% |
0 | 2 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 81 | 64 | 5 | |
Depreciation | 1 | 1 | 1 | 2 | 3 | 4 | 5 | 8 | 20 | 23 | 47 | 50 | 50 |
Profit before tax | -2 | 8 | 25 | 75 | 130 | 124 | 328 | 498 | 451 | 194 | 481 | 1,105 | 1,807 |
Tax % | -70% | -5% | 33% | 35% | 36% | 35% | 35% | 35% | 27% | 27% | 27% | 25% | |
-3 | 8 | 17 | 49 | 83 | 80 | 212 | 322 | 328 | 142 | 353 | 826 | 1,345 | |
EPS in Rs | -1.17 | 2.00 | 3.14 | 6.68 | 11.41 | 9.37 | 16.54 | 22.41 | 22.75 | 9.15 | 22.65 | 52.87 | 85.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 45% |
5 Years: | 32% |
3 Years: | 27% |
TTM: | 57% |
Compounded Profit Growth | |
---|---|
10 Years: | 59% |
5 Years: | 31% |
3 Years: | 36% |
TTM: | 99% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 36% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 12% |
3 Years: | 11% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 40 | 53 | 73 | 73 | 86 | 128 | 144 | 144 | 156 | 156 | 159 | 159 |
Reserves | 26 | 71 | 154 | 303 | 387 | 605 | 1,309 | 2,222 | 2,525 | 3,479 | 4,011 | 4,948 | 5,639 |
247 | 389 | 805 | 1,291 | 2,233 | 2,668 | 3,623 | 4,867 | 7,823 | 8,781 | 12,921 | 16,312 | 17,669 | |
21 | 44 | 46 | 60 | 115 | 205 | 53 | 126 | 170 | 281 | 394 | 439 | 487 | |
Total Liabilities | 319 | 543 | 1,058 | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 23,954 |
3 | 3 | 3 | 4 | 11 | 12 | 16 | 25 | 87 | 101 | 629 | 599 | 599 | |
CWIP | 0 | 0 | 0 | 2 | 0 | 3 | 1 | 2 | 3 | 1 | 3 | 4 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 661 | 663 | 1 | 455 | 741 |
316 | 540 | 1,055 | 1,720 | 2,796 | 3,549 | 5,096 | 7,330 | 9,911 | 11,932 | 16,849 | 20,801 | 22,615 | |
Total Assets | 319 | 543 | 1,058 | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 23,954 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-931 | -425 | -1,726 | -1,378 | -2,302 | -364 | -2,713 | -3,290 | |||||
-4 | -5 | 54 | -7 | -636 | -32 | -33 | -314 | |||||
934 | 579 | 1,470 | 1,829 | 2,929 | 1,706 | 1,967 | 3,365 | |||||
Net Cash Flow | -1 | 149 | -202 | 444 | -9 | 1,310 | -780 | -239 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 10% | 10% | 17% | 20% | 14% | 20% | 17% | 13% | 5% | 9% | 18% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7h - Of Earnings Call with Investors and Analysts to discuss Q4FY24 results.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 24 Apr
- Board Meeting Intimation for Considering The Audited Financial Results For The Fourth Quarter And Financial Year Ended March 31, 2024. 22 Apr
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Certificate Under Regulation 40(9) Of SEBI (LODR) Regulation, 2015.
16 Apr - Certificate under Regulation 40(9) of the SEBI (LODR) Regulations, 2015 for the period April 01, 2023 to March 31, 2024
- Compliance Certificate Pursuant To Regulation 7(3) Of The SEBI (LODR) Regulation, 2015 15 Apr
Annual reports
Concalls
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Jan 2024Transcript PPT REC
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Market Leader
As of March 31, 2022, the Co was the largest MFI in the industry. It held a 16.5% share of the total Gross Loan Portfolio (GLP) of the NBFC-MFI segment. [1]