CreditAccess Grameen Ltd

CREDITACC

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Market Cap

₹ 20,460 Cr

P/E

153.13

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

CreditAccess Grameen Limited is a Bengaluru-based microfinance institution offering affordable financial products and services primarily to women organized in Joint Liability Groups (JLG).

In Q2 FY26, CreditAccess Grameen reported a 32.9% YoY increase in disbursements to ₹5,322 crore and added 2.2 lakh new borrowers, with 39% being new-to-credit, reflecting strong customer acquisition.

The company is experiencing a strategic shift towards Retail Finance (RF), which now constitutes 11.1% of the AUM, driven by better asset quality and individual business loans.

Despite challenges like heavy rains, the company has maintained a collection efficiency of 94.5% during Q2 FY26 and has undertaken accelerated write-offs to stabilize asset quality.

CreditAccess Grameen continues to expand its reach with 150 new branches in H1 FY26, totaling 2,209. The company's diversified approach aims at achieving robust growth in Retail Finance and stabilizing asset quality.

Sector

Finance

Industry

Finance - Large

Market Cap

20,460 Cr

Volatility

High Risk

P/E Ratio

153.1

Industry P/E

27.6

PEG Ratio

1.5

P/B Ratio

2.9

52W High

1,489.10

52W Low

750.05

Sales CAGR

11.34%

29.18%

27.86%

10Y

32.50%

Profit CAGR

-63.25%

14.60%

10.16%

10Y

22.78%

ROE

TTM

1.87%

15.05%

12.48%

10Y

12.68%

ROCE

TTM

7.65%

11.20%

10.35%

10Y

10.87%

Technicals

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Forecasts

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANAPPURAM	286.10	24,217 Cr	53.88	1.90	1.40	3.53	7.94	0.82
CREDITACC	1275.80	20,460 Cr	153.13	2.86	0.00	1.87	7.65	0.48
CGCL	182.35	17,540 Cr	24.47	2.63	0.09	10.74	10.39	2.94
FIVESTAR	576.35	16,975 Cr	15.36	2.49	0.35	16.24	14.39	7.16
MASFIN	327.50	5,924 Cr	17.53	2.11	0.52	12.02	10.18	2.60
PAISALO	36.97	3,345 Cr	16.20	2.01	0.27	12.45	11.72	3.72
MUTHOOTMF	177.60	3,019 Cr	—	1.12	0.00	-13.35	3.57	-3.14

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	1,170	1,247	1,292	1,457	1,512	1,453	1,380	1,407	1,463	1,508
Expenses	306	345	365	434	453	700	1,020	864	885	845
Interest	385	424	442	482	510	485	475	478	482	480
Financing Profit	479	478	486	542	549	269	-115	65	96	184
Financing Margin %	40.92	38.37	37.58	37.16	36.28	18.48	-8.33	4.63	6.54	12.22
Other Income	0.69	0.65	3.03	1.61	0.55	0.63	1.55	1.08	0.74	0.67
Depreciation	12	12	13	14	14	17	16	15	15	16
Profit Before Tax	467	467	476	529	535	252	-129	51	81	169
Tax %	25.44	25.65	25.70	25.00	25.63	26.16	22.81	7.58	25.80	25.63
Net Profit	348	347	353	397	398	186	-100	47	60	126
EPS in Rs	21.67	21.59	21.95	24.71	24.75	11.58	-6.23	2.95	3.76	7.83
Gross NPA %	0.89	0.77	0.97	1.18	1.46	2.44	0.00	0.00	0.00	0.00
Net NPA %	0.27	0.24	0.29	0.35	0.45	0.76	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	1,282	1,704	2,461	2,669	3,487	5,119	5,752	5,703
Expenses	361	645	1,313	1,238	1,183	1,450	3,037	3,469
Interest	417	578	929	984	1,213	1,732	1,948	1,919
Financing Profit	504	481	219	447	1,092	1,937	767	314
Financing Margin %	39.34	28.21	8.92	16.73	31.30	37.83	13.34	5.51
Other Income	1.06	1.17	5.07	81	64	54	3.81	4.00
Depreciation	7.79	20	44	47	50	51	62	63
Profit Before Tax	498	462	180	481	1,105	1,939	709	255
Tax %	35.36	27.32	27.16	26.56	25.27	25.44	25.04	24.02
Net Profit	322	335	131	353	826	1,446	531	194
EPS in Rs	—	20.69	7.91	22.61	50.58	89.92	33.05	8.31
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	1.11	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	144	144	156	156	159	159	160
Reserves	2,222	2,590	3,536	4,011	4,948	6,411	6,796
Borrowings	4,867	9,540	10,941	12,921	16,312	21,841	20,446
Other Liabilities	126	316	427	394	439	435	401
Total Liabilities	7,357	12,590	15,060	17,482	21,858	28,846	27,802
Fixed Assets	25	577	573	629	599	609	604
CWIP	2.36	2.84	0.62	3.07	3.94	4.54	3.50
Investments	0.20	46	0.54	0.54	455	1,439	893
Other Assets	7,330	11,965	14,486	16,849	20,801	26,794	26,302
Total Assets	7,357	12,590	15,060	17,482	21,858	28,846	27,802

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1,378	-2,253	-455	-2,713	-3,290	-4,734	1,125
Cash from Investing Activity	-7.14	-608	24	-33	-314	-994	708
Cash from Financing Activity	1,829	2,915	2,146	1,967	3,365	5,494	-1,669
Net Cash Flow	444	54	1,715	-780	-239	-234	164

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	73.71%	73.68%	66.77%	66.69%	66.66%	66.58%	66.56%	66.54%	66.50%	66.43%	66.43%	66.37%
FIIs	9.60%	9.67%	9.56%	11.46%	12.00%	11.65%	10.88%	10.76%	9.76%	11.38%	12.13%	12.29%
DIIs	12.55%	12.28%	11.91%	15.77%	15.79%	15.76%	16.25%	14.86%	14.18%	12.68%	12.76%	13.33%
Public	4.15%	4.37%	11.77%	6.08%	5.55%	6.01%	6.31%	7.83%	9.57%	9.51%	8.68%	8.02%
Total Shareholders	40,891	41,979	40,622	51,172	57,989	69,824	83,603	1,03,928	1,25,004	1,19,819	1,01,902	83,943

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Feb 27, 2025	Qe securities llp	Bulk	Buy	966.00	84.70 Cr	8,76,797	0.54
Feb 27, 2025	Hrti private limited	Bulk	Buy	969.57	105.77 Cr	10,90,881	0.68
Feb 27, 2025	Qe securities llp	Bulk	Sell	969.92	84.21 Cr	8,68,221	0.54
Feb 27, 2025	Hrti private limited	Bulk	Sell	970.14	98.68 Cr	10,17,122	0.63
Jan 08, 2025	Hrti private limited	Bulk	Sell	1,015.18	84.12 Cr	8,28,637	0.51
Jan 08, 2025	Hrti private limited	Bulk	Buy	1,016.62	97.15 Cr	9,55,597	0.59
Jun 30, 2023	Creditaccess india b.v.	Bulk	Sell	1,245.88	1,121.29 Cr	90,00,000	5.63
Jun 30, 2023	Canara robeco mutual fund eme...	Bulk	Buy	1,245.01	146.91 Cr	11,80,000	0.73
Jun 30, 2023	Bnp paribas arbitrage	Bulk	Buy	1,245.76	151.53 Cr	12,16,340	0.76
Jun 30, 2023	Plutus wealth management llp	Bulk	Buy	1,245.00	127.36 Cr	10,23,000	0.64

Projection

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Actions

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Announcements

Last 7 days

Newest

Sentiment

Investor Meeting

6 days ago

Investor Meet Schedule Intimation

CreditAccess Grameen Limited has announced the schedule for upcoming investor meetings on December 11 and 12, 2025.

Board Meeting Outcome

6 days ago

Board Meeting Outcome: Fundraising Approval

The Board of Directors approved the issuance of foreign currency bonds and non-convertible securities, with an aggregate limit of INR 1,500 crores on a private placement basis.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q4 FY24

Showing 1 - 8 of 34

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Overview

Detailed Summary

CreditAccess Grameen Limited is a Bengaluru-based microfinance institution offering affordable financial products and services primarily to women organized in Joint Liability Groups (JLG).

The company is experiencing a strategic shift towards Retail Finance (RF), which now constitutes 11.1% of the AUM, driven by better asset quality and individual business loans.

Despite challenges like heavy rains, the company has maintained a collection efficiency of 94.5% during Q2 FY26 and has undertaken accelerated write-offs to stabilize asset quality.

Sector

Finance

Industry

Finance - Large

Market Cap

20,460 Cr

Volatility

High Risk

P/E Ratio

153.1

Industry P/E

27.6

PEG Ratio

1.5

P/B Ratio

2.9

52W High

1,489.10

52W Low

750.05

Sales CAGR

11.34%

29.18%

27.86%

10Y

32.50%

Profit CAGR

-63.25%

14.60%

10.16%

10Y

22.78%

ROE

TTM

1.87%

15.05%

12.48%

10Y

12.68%

ROCE

TTM

7.65%

11.20%

10.35%

10Y

10.87%