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 ₹ 23,024 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
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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% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Investor Meeting to be held on March 27, 2024
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
20 Mar - Allotment of Equity Shares under Employees Stock Option Plan of the Company
- Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Receipt Of Demand Order From The Income Tax Department 20 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Mar - Of Investor Meeting to be held on March 25, 2024
Annual reports
Concalls
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Jan 2024Transcript PPT REC
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May 2021TranscriptNotesPPT
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Nov 2020Transcript PPT
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Jan 2019Transcript PPT
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Oct 2018Transcript PPT
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]