CreditAccess Grameen Ltd

CreditAccess Grameen is a microfinance institution providing a wide range of financial services to the rural poor and low-income households, particularly women.(Source : Company web-site)

  • Market Cap: 10,054 Cr.
  • Current Price: 697.80
  • 52 weeks High / Low 1000.80 / 305.20
  • Book Value: 185.24
  • Stock P/E: 34.05
  • Dividend Yield: 0.00 %
  • ROCE: 11.59 %
  • ROE: 13.01 %
  • Sales Growth (3Yrs): 33.46 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is expected to give good quarter
Company has delivered good profit growth of 46.38% CAGR over last 5 years
Cons:
Stock is trading at 3.77 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Revenue 214 228 250 286 310 350 336 376 392 453 461 510
Interest 88 101 81 97 107 110 103 124 136 146 168 185
33 28 57 75 87 85 114 102 124 157 258 235
Financing Profit 93 99 112 114 116 155 119 151 132 151 35 90
Financing Margin % 43% 43% 45% 40% 37% 44% 35% 40% 34% 33% 8% 18%
Other Income 0 2 0 0 0 0 0 0 1 0 0 1
Depreciation 1 1 2 2 2 2 2 3 6 5 5 5
Profit before tax 92 99 111 112 114 154 118 148 127 146 30 86
Tax % 34% 35% 35% 36% 36% 35% 35% 35% 21% 26% 24% 26%
Net Profit 61 64 72 72 73 100 76 96 101 108 23 64
EPS in Rs 7.12 6.59 6.73 6.05 5.56 6.96 5.77 6.67 7.02 7.51 1.58 4.42
Gross NPA % 5.80% 0.82% 1.00% 0.61% 0.85% 1.57%
Net NPA % 0.20% 0.05%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 88 146 278 464 708 871 1,282 1,683 1,816
Interest 42 72 129 208 317 354 417 576 634
39 50 76 126 264 184 360 637 774
Financing Profit 7 24 74 130 128 332 505 470 408
Financing Margin % 7% 16% 26% 28% 18% 38% 39% 28% 22%
Other Income 2 2 3 2 1 1 1 1 2
Depreciation 1 1 2 3 4 5 8 20 22
Profit before tax 8 25 75 130 124 328 498 451 388
Tax % -5% 33% 35% 36% 35% 35% 35% 27%
Net Profit 8 17 49 83 80 212 322 328 295
EPS in Rs 2.00 3.14 6.68 11.41 9.37 16.54 22.41 22.74 20.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:43.34%
3 Years:33.46%
TTM:32.31%
Compounded Profit Growth
10 Years:%
5 Years:46.38%
3 Years:59.77%
TTM:-14.50%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:9.04%
Return on Equity
10 Years:%
5 Years:15.83%
3 Years:15.72%
Last Year:13.01%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
40 53 73 73 86 128 144 144
Reserves 71 154 303 387 605 1,309 2,222 2,525
Borrowings 389 805 1,291 2,233 2,668 3,623 4,867 7,823
44 46 60 115 205 53 126 170
Total Liabilities 543 1,058 1,727 2,808 3,564 5,114 7,357 10,662
3 3 4 11 12 16 25 87
CWIP 0 0 2 0 3 1 2 3
Investments 0 0 0 0 0 0 0 661
540 1,055 1,720 2,796 3,549 5,096 7,330 9,911
Total Assets 543 1,058 1,727 2,808 3,564 5,114 7,357 10,662

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-931 -425 -1,726 -1,378 -2,276
-4 -5 54 -7 -668
934 579 1,470 1,829 2,935
Net Cash Flow -1 149 -202 444 -9

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 10% 17% 20% 14% 20% 17% 13%

Shareholding pattern in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
80.30 80.26 80.19 80.14 80.05 80.01 79.94 79.91
6.46 6.72 7.58 8.52 7.75 6.28 5.59 6.16
5.11 5.45 5.54 5.50 6.62 7.78 8.66 8.40
8.14 7.56 6.69 5.84 5.58 5.94 5.80 5.53