CreditAccess Grameen Ltd

CreditAccess Grameen Ltd

₹ 1,441 1.33%
28 Mar - close price
About

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]

Key Points

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]

  • Market Cap 23,024 Cr.
  • Current Price 1,441
  • High / Low 1,796 / 876
  • Stock P/E 17.1
  • 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

Cons

  • Stock is trading at 3.96 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 11.1% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.37%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 542 724 616 617 687 822 760 812 908 1,065 1,170 1,247 1,292
Interest 224 237 249 229 239 267 280 273 314 346 385 424 442
414 399 328 299 283 327 280 299 293 311 306 345 365
Financing Profit -96 88 39 90 165 228 200 240 301 409 479 478 486
Financing Margin % -18% 12% 6% 15% 24% 28% 26% 30% 33% 38% 41% 38% 38%
1 2 1 1 2 3 1 2 2 1 1 1 3
Depreciation 10 12 11 12 12 12 12 13 13 12 12 12 13
Profit before tax -105 79 29 79 156 218 189 229 290 398 467 467 476
Tax % 25% 28% 29% 24% 25% 26% 27% 24% 25% 25% 25% 26% 26%
-79 56 20 60 117 160 139 175 217 297 348 347 353
EPS in Rs -4.97 4.94 1.45 4.08 7.69 10.08 8.89 11.22 13.59 18.98 22.30 21.81 22.20
Gross NPA % 6.14% 4.43% 7.56% 7.67% 6.02% 3.61% 3.11% 2.17% 1.71% 1.21% 0.89% 0.77%
Net NPA % 0.77% 0.59% 0.27% 0.24%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 1,282 1,704 2,461 2,669 3,487 4,775
Interest 417 582 933 987 1,216 1,596
361 641 1,308 1,235 1,179 1,327
Financing Profit 504 481 219 447 1,092 1,852
Financing Margin % 39% 28% 9% 17% 31% 39%
1 1 5 81 64 5
Depreciation 8 20 44 47 50 50
Profit before tax 498 462 180 481 1,105 1,807
Tax % 35% 27% 27% 27% 25%
322 335 131 353 826 1,345
EPS in Rs 22.41 23.17 8.61 22.65 52.87 85.29
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 27%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 35%
TTM: 97%
Stock Price CAGR
10 Years: %
5 Years: 23%
3 Years: 29%
1 Year: 62%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 144 144 156 156 159 159
Reserves 2,222 2,590 3,536 4,011 4,948 5,639
4,867 9,540 10,941 12,921 16,312 17,669
126 316 427 394 439 487
Total Liabilities 7,357 12,590 15,060 17,482 21,858 23,954
25 576 573 629 599 599
CWIP 2 3 1 3 4 0
Investments 0 46 1 1 455 741
7,330 11,965 14,486 16,849 20,801 22,615
Total Assets 7,357 12,590 15,060 17,482 21,858 23,954

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1,378 -2,253 -455 -2,713 -3,290
-7 -608 24 -33 -314
1,829 2,915 2,146 1,967 3,365
Net Cash Flow 444 54 1,715 -780 -239

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 13% 4% 9% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.99% 73.97% 73.91% 73.89% 73.85% 73.82% 73.74% 73.71% 73.68% 66.77% 66.69% 66.66%
10.14% 10.08% 9.29% 8.84% 8.24% 8.67% 9.33% 9.60% 9.67% 9.55% 11.46% 12.00%
9.02% 9.28% 10.28% 10.04% 10.94% 10.75% 12.68% 12.53% 12.27% 11.90% 15.78% 15.79%
6.86% 6.67% 6.52% 7.23% 6.97% 6.76% 4.25% 4.16% 4.38% 11.77% 6.08% 5.57%
No. of Shareholders 38,45638,30040,03339,55934,56834,14239,64540,89141,97940,62251,17257,989

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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