CreditAccess Grameen
CreditAccess Grameen
Financial ServicesKey Fundamentals
SmallcapMicrofinanceFinancial ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company's median sales growth is 31.0% of last 10 years
Weaknesses
5- Stock is trading at 2.91 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.8% over last 3 years.
- Dividend payout has been low at 3.67% of profits over last 3 years
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoCreditAccess Grameen, a microfinance-focused NBFC with a market cap of ₹22,266 Cr, trades at a P/E of 18.6x and P/B of 2.87x. The company has delivered strong 10-year sales CAGR of 29% and 10-year profit CAGR of 25%, but recent performance shows deceleration with TTM sales growth at 12% and last-year ROE declining to 11%. TTM profit growth of 524% reflects a sharp recovery from a low base rather than sustainable momentum.
- Exceptional long-term revenue growth with 10-year compounded sales CAGR of 29%, indicating a scalable microfinance franchise
- Strong 5-year profit CAGR of 40%, demonstrating improving operating leverage over medium-term cycles
- Median sales growth of 31.0% over the last 10 years reflects consistent topline expansion across credit cycles
- TTM profit growth of 524% signals a sharp earnings recovery, likely from normalized credit costs after a stress period
- P/E of 18.6x is reasonable for a high-growth NBFC-MFI, especially given the 5-year sales CAGR of 24%
- 5-year stock CAGR of 15% indicates the market has rewarded long-term holders despite interim volatility
- 10-year ROE averaging 13% shows the company has maintained reasonable profitability through multiple microfinance cycles including demonetisation and COVID disruptions
- Last-year ROE has declined to 11%, down from the 3-year and 5-year average of 14%, signalling deteriorating return efficiency
- TTM sales growth has decelerated sharply to 12% versus the 3-year CAGR of 20% and 5-year CAGR of 24%, suggesting slowing loan book expansion
- Low interest coverage ratio raises concerns about the company's ability to service debt obligations in a rising rate environment
- P/B of 2.87x is elevated for an MFI with declining ROE of 11%, implying the stock prices in stronger returns than currently delivered
- 3-year compounded profit CAGR is negative at -2%, indicating earnings have been volatile and unreliable over the medium term
- Dividend payout of just 3.67% of profits over the last 3 years and a yield of only 0.71% offer minimal income return to shareholders
- 3-year stock CAGR of 0% shows the stock has generated no capital appreciation over a meaningful holding period despite underlying business growth
- Microfinance sector carries inherent regulatory and political risk, and the -2% three-year profit CAGR reflects how quickly earnings can erode during stress periods
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- ₹300cr NCD via Barclays Sep 3
Raised ₹300 crore through private NCD placement with Barclays Bank PLC in two tranches — ₹100cr at 9.15% (24-month) and ₹200cr at 9.25% (36-month). Stock rose 2.69% to ₹1,439.40 on the news.
- Diversifying funding channels Sep 3
This follows a ₹425 crore domestic placement in June 2026 (Nuvama + Bajaj Finance). The company is strategically tapping syndicated social loans, global banks, and bilateral domestic NCDs.
- Investor meetings with top funds Aug 19
Scheduled one-to-one meetings in Chennai on Aug 21 with Franklin Templeton, Sundaram Mutual Fund, and Unifi Capital, signalling active institutional engagement.
- NCD allotment board approval Sep 2
Board approved allotment of ₹300 crore in secured NCDs across two series with 24- and 36-month tenures at 9.15% and 9.25% coupon rates respectively.
TL;DR: CreditAccess Grameen is executing well on liability-side diversification, raising ₹725 crore in domestic NCDs since June 2026 with credible counterparties like Barclays and Bajaj Finance. No material headwinds surfaced in this period. Active institutional engagement and strong debt market access reinforce confidence in its credit profile. The trend is constructive, though microfinance asset quality and borrowing cost trajectory remain areas to watch going forward.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,170 | 1,247 | 1,292 | 1,457 | 1,512 | 1,453 | 1,380 | 1,407 | 1,463 | 1,508 | 1,490 | 1,597 | 1,783 |
| Expenses | 309 | 342 | 365 | 434 | 453 | 700 | 1,020 | 864 | 885 | 845 | 678 | 660 | 558 |
| Financing Profit | 477 | 481 | 486 | 542 | 549 | 269 | -115 | 65 | 96 | 184 | 353 | 459 | 675 |
| Fin. Margin % | 41% | 39% | 38% | 37% | 36% | 18% | -8% | 5% | 7% | 12% | 24% | 29% | 38% |
| Other Income | 1 | 1 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 385 | 424 | 442 | 482 | 510 | 485 | 475 | 478 | 482 | 480 | 459 | 478 | 550 |
| Depreciation | 12 | 12 | 13 | 14 | 14 | 17 | 16 | 15 | 15 | 16 | 16 | 16 | 16 |
| PBT | 465 | 469 | 476 | 529 | 535 | 252 | -129 | 51 | 81 | 169 | 338 | 445 | 660 |
| Tax % | 26% | 26% | 26% | 25% | 26% | 26% | -23% | 8% | 26% | 26% | 25% | 24% | 25% |
| Net Profit | 346 | 349 | 353 | 397 | 398 | 186 | -100 | 47 | 60 | 126 | 252 | 340 | 493 |
| EPS in Rs | 22.16 | 21.95 | 22.2 | 24.91 | 24.95 | 11.67 | -6.24 | 2.96 | 3.77 | 7.87 | 15.75 | 21.2 | 30.79 |
| Gross NPA % | 0.89% | 0.77% | 0.97% | 1.18% | 1.46% | 2.44% | 3.99% | 4.76% | 4.7% | 3.65% | 4.04% | 3.17% | 2.18% |
| Net NPA % | 0.27% | 0.24% | 0.29% | 0.35% | 0.45% | 0.76% | 1.28% | 1.73% | 1.78% | 1.26% | 1.36% | 1.12% | 0.76% |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 278 | 464 | 708 | 871 | 1,282 | 1,683 | 2,028 | 2,669 | 3,487 | 5,167 | 5,752 | 6,059 | 6,380 |
| Expenses | 76 | 126 | 264 | 184 | 361 | 639 | 1,069 | 1,235 | 1,179 | 1,444 | 3,030 | 3,061 | 2,740 |
| Financing Profit | 74 | 130 | 128 | 332 | 504 | 470 | 214 | 447 | 1,092 | 1,984 | 767 | 1,093 | 1,672 |
| Fin. Margin % | 26% | 28% | 18% | 38% | 39% | 28% | 11% | 17% | 31% | 38% | 13% | 18% | 26% |
| Other Income | 3 | 2 | 1 | 1 | 1 | 1 | 3 | 81 | 64 | 6 | 4 | 4 | 4 |
| Interest | 129 | 208 | 317 | 354 | 417 | 575 | 745 | 987 | 1,216 | 1,738 | 1,955 | 1,905 | 1,967 |
| Depreciation | 2 | 3 | 4 | 5 | 8 | 20 | 23 | 47 | 50 | 51 | 62 | 63 | 64 |
| PBT | 75 | 130 | 124 | 328 | 498 | 451 | 194 | 481 | 1,105 | 1,939 | 709 | 1,033 | 1,612 |
| Tax % | 35% | 36% | 35% | 35% | 35% | 27% | 27% | 27% | 25% | 25% | 25% | 25% | — |
| Net Profit | 49 | 83 | 80 | 212 | 322 | 328 | 142 | 353 | 826 | 1,446 | 531 | 778 | 1,211 |
| EPS in Rs | 6.68 | 11.41 | 9.37 | 16.54 | 22.41 | 22.75 | 9.15 | 22.65 | 52.87 | 90.72 | 33.27 | 48.54 | 75.61 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 73 | 73 | 86 | 128 | 144 | 144 | 156 | 156 | 159 | 159 | 160 | 160 |
| Reserves | 303 | 387 | 605 | 1,309 | 2,222 | 2,525 | 3,479 | 4,011 | 4,948 | 6,411 | 6,796 | 7,682 |
| Borrowing | 1,291 | 2,233 | 2,668 | 3,623 | 4,867 | 7,823 | 8,781 | 12,921 | 16,312 | 21,841 | 20,446 | 23,641 |
| Other Liabilities | 60 | 115 | 205 | 53 | 126 | 170 | 281 | 394 | 439 | 460 | 401 | 446 |
| Total Liabilities | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 28,871 | 27,802 | 31,930 |
| Fixed Assets | 4 | 11 | 12 | 16 | 25 | 87 | 101 | 629 | 599 | 609 | 604 | 588 |
| CWIP | 2 | 0 | 3 | 1 | 2 | 3 | 1 | 3 | 4 | 5 | 4 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 661 | 663 | 1 | 455 | 1,439 | 893 | 1,075 |
| Other Assets | 1,720 | 2,796 | 3,549 | 5,096 | 7,330 | 9,911 | 11,932 | 16,849 | 20,801 | 26,818 | 26,302 | 30,267 |
| Total Assets | 1,727 | 2,808 | 3,564 | 5,114 | 7,357 | 10,662 | 12,697 | 17,482 | 21,858 | 28,871 | 27,802 | 31,930 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | -931 | -425 | -1,726 | -1,378 | -2,302 | -364 | -1,969 | -3,290 | -4,734 | 1,125 | -2,770 |
| Investing | — | -4 | -5 | 54 | -7 | -636 | -32 | -189 | -314 | -994 | 708 | -101 |
| Financing | — | 934 | 579 | 1,470 | 1,829 | 2,929 | 1,706 | 1,684 | 3,365 | 5,494 | -1,669 | 2,751 |
| Net Cash Flow | — | -1 | 149 | -202 | 444 | -9 | 1,310 | -473 | -239 | -234 | 164 | -120 |
| Free Cash Flow | — | -939 | -433 | -1,731 | -1,396 | -2,323 | -376 | -1,992 | -3,307 | -4,754 | 1,092 | -2,788 |
| CFO/OP | — | -262 | -79 | -241 | -130 | -205 | -27 | -129 | -132 | -112 | 54 | -86 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 17% | 20% | 14% | 20% | 17% | 13% | 5% | 9% | 18% | 25% | 8% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view CreditAccess Grameen insights
59 extracted metrics + investor summaries across FY05–FY27.
Documents
Frequently Asked Questions about CreditAccess Grameen
What does CreditAccess Grameen Ltd do?
Where is CreditAccess Grameen Ltd (CREDITACC) listed?
Which sector does CreditAccess Grameen Ltd belong to?
What is the market capitalisation of CreditAccess Grameen Ltd?
What is the PE ratio of CreditAccess Grameen Ltd?
What is the 52-week high and low of CreditAccess Grameen Ltd?
Does CreditAccess Grameen Ltd pay dividends?
What is the Return on Equity (ROE) of CreditAccess Grameen Ltd?
Company Information
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]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/CREDITACC.md for CreditAccess Grameen Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.