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Last Updated on: 26 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

CreditAccess Grameen Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 8:51 pm

Market Cap 13,171 Cr.
Current Price 827
High / Low 1,791/810
Stock P/E9.87
Book Value 438
Dividend Yield1.21 %
ROCE14.8 %
ROE24.8 %
Face Value 10.0
PEG Ratio0.36

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for CreditAccess Grameen Ltd

Competitors of CreditAccess Grameen Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Muthoot Microfin Ltd 3,060 Cr. 180 267/1797.30 1760.00 %15.0 %20.4 % 10.0
Satin Creditcare Network Ltd 1,627 Cr. 147 284/1454.16 2300.00 %16.6 %21.6 % 10.0
CreditAccess Grameen Ltd 13,171 Cr. 827 1,791/8109.87 4381.21 %14.8 %24.8 % 10.0
Industry Average5,952.67 Cr384.677.11281.330.40%15.47%22.27%10.00

All Competitor Stocks of CreditAccess Grameen Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue4406075105105766946218129081,0651,1701,2471,292
Interest179186196183192217226273314346385424442
Expenses351317268224206267209299293311309342365
Financing Profit-9110446103177210186240301409477481486
Financing Margin %-21%17%9%20%31%30%30%30%33%38%41%39%38%
Other Income0210100221113
Depreciation5766677131312121213
Profit before tax-95994197172203179229290398465469476
Tax %25%27%27%26%25%25%26%24%26%25%26%26%26%
Net Profit-72723072129151133175216297346349353
EPS in Rs-4.614.651.904.628.299.718.5011.2213.8218.9822.1621.9522.20
Gross NPA %6.84%4.38%8.12%7.18%5.50%3.12%1.73%1.48%0.89%0.77%
Net NPA %0.47%0.27%0.24%

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue62881462784647088711,2821,6832,0282,6693,4874,241
Interest3042721292083173544175757459871,2161,413
Expenses323950761262641843616391,0691,2351,1791,190
Financing Profit-1724741301283325044702144471,0921,638
Financing Margin %-1%7%16%26%28%18%38%39%28%11%17%31%39%
Other Income022321111381643
Depreciation111234582023475045
Profit before tax-2825751301243284984511944811,1051,596
Tax %-70%-5%33%35%36%35%35%35%27%27%27%25%
Net Profit-38174983802123223281423538261,189
EPS in Rs-1.172.003.146.6811.419.3716.5422.4122.759.1522.6552.8775.73
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)366.67%112.50%188.24%69.39%-3.61%165.00%51.89%1.86%-56.71%148.59%133.99%
Change in YoY Net Profit Growth (%)0.00%-254.17%75.74%-118.85%-73.00%168.61%-113.11%-50.02%-58.57%205.30%-14.60%

CreditAccess Grameen Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:43%
5 Years:32%
3 Years:36%
TTM:30%
Compounded Profit Growth
10 Years:56%
5 Years:35%
3 Years:117%
TTM:10%
Stock Price CAGR
10 Years:%
5 Years:2%
3 Years:11%
1 Year:-48%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:18%
Last Year:25%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:47 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital4053737386128144144156156159159159
Reserves711543033876051,3092,2222,5253,4794,0114,9486,4116,829
Borrowings3898051,2912,2332,6683,6234,8677,8238,78112,92116,31221,84119,154
Other Liabilities44466011520553126170281394439435470
Total Liabilities5431,0581,7272,8083,5645,1147,35710,66212,69717,48221,85828,84626,612
Fixed Assets3341112162587101629599609628
CWIP002-031231345-0
Investments000000066166314551,4391,303
Other Assets5401,0551,7202,7963,5495,0967,3309,91111,93216,84920,80126,79424,682
Total Assets5431,0581,7272,8083,5645,1147,35710,66212,69717,48221,85828,84626,612

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-931-425-1,726-1,378-2,302-364-2,713-3,290-4,734
Cash from Investing Activity +-4-554-7-636-32-33-314-994
Cash from Financing Activity +9345791,4701,8292,9291,7061,9673,3655,494
Net Cash Flow-1149-202444-91,310-780-239-234

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow32.00-350.00-755.0075.00124.00262.00181.00357.00632.00-7.00-11.00-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %10%10%17%20%14%20%17%13%5%9%18%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters73.97%73.91%73.89%73.85%73.82%73.74%73.71%73.68%66.77%66.69%66.66%66.58%
FIIs10.08%9.29%8.84%8.24%8.67%9.33%9.60%9.67%9.55%11.46%12.00%11.65%
DIIs9.28%10.28%10.04%10.94%10.75%12.68%12.53%12.27%11.90%15.78%15.79%15.76%
Public6.67%6.52%7.23%6.97%6.76%4.25%4.16%4.38%11.77%6.08%5.57%6.01%
No. of Shareholders38,30040,03339,55934,56834,14239,64540,89141,97940,62251,17257,98969,824

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund1,642,9571.34216.13500,0002024-12-25228.59%
PGIM India Midcap Opportunities Fund1,036,7001.46136.38500,0002024-12-25107.34%
Axis Business Cycles Fund762,9263.96100.36500,0002024-12-2552.59%
UTI Mid Cap Fund635,4090.9383.59500,0002024-12-2527.08%
Tata Mid Cap Growth Fund - Regular Plan500,0002.6165.78500,0002024-12-250%
Edelweiss Balanced Advantage Fund485,5770.6763.88500,0002024-12-25-2.88%
Edelweiss Mid Cap Fund479,8981.6663.13500,0002024-12-25-4.02%
SBI Magnum Equity ESG Fund446,0731.1758.68500,0002024-12-25-10.79%
PGIM India Flexi Cap Fund427,9000.9756.29500,0002024-12-25-14.42%
UTI Small Cap Fund420,1471.7455.27500,0002024-12-25-15.97%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)90.8852.0423.318.9623.20
Diluted EPS (Rs.)90.4151.8223.228.9023.00
Cash EPS (Rs.)93.9355.1225.9411.2824.71
Book Value[Excl.RevalReserv]/Share (Rs.)412.22321.37261.50244.01197.46
Book Value[Incl.RevalReserv]/Share (Rs.)412.22321.37261.50244.01197.46
Revenue From Operations / Share (Rs.)324.17223.09175.97158.18118.36
PBDIT / Share (Rs.)233.58149.0297.0174.1273.64
PBIT / Share (Rs.)230.37145.8993.9871.2972.22
PBT / Share (Rs.)121.6769.5630.8411.6032.06
Net Profit / Share (Rs.)90.7251.9822.918.4523.30
NP After MI And SOA / Share (Rs.)90.7251.9823.298.6123.16
PBDIT Margin (%)72.0566.7955.1346.8562.21
PBIT Margin (%)71.0665.3953.4045.0661.01
PBT Margin (%)37.5331.1817.527.3327.08
Net Profit Margin (%)27.9823.3013.015.3319.68
NP After MI And SOA Margin (%)27.9823.3013.235.4419.57
Return on Networth / Equity (%)22.0016.179.123.6312.19
Return on Capital Employeed (%)55.2744.8926.0519.7627.58
Return On Assets (%)5.013.772.080.882.64
Long Term Debt / Equity (X)0.000.000.370.480.32
Total Debt / Equity (X)3.323.193.252.963.49
Asset Turnover Ratio (%)0.200.180.150.160.18
Current Ratio (X)1.261.261.411.521.35
Quick Ratio (X)1.261.261.411.521.35
Interest Coverage Ratio (X)2.151.951.541.241.83
Interest Coverage Ratio (Post Tax) (X)1.831.681.361.141.58
Enterprise Value (Cr.)43473.0429417.6824491.8418992.6413802.88
EV / Net Operating Revenue (X)8.418.308.937.728.10
EV / EBITDA (X)11.6812.4216.2016.4713.02
MarketCap / Net Operating Revenue (X)4.444.104.834.242.86
Price / BV (X)3.492.853.332.831.78
Price / Net Operating Revenue (X)4.444.104.834.242.86
EarningsYield0.060.050.020.010.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of CreditAccess Grameen Ltd as of December 26, 2024 is: 1,085.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, CreditAccess Grameen Ltd is Undervalued by 31.21% compared to the current share price 827.00

Intrinsic Value of CreditAccess Grameen Ltd as of December 26, 2024 is: 1,380.14

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, CreditAccess Grameen Ltd is Undervalued by 66.89% compared to the current share price 827.00

Last 5 Year EPS CAGR: 27.19%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CreditAccess Grameen Ltd:
    1. Net Profit Margin: 27.98%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 55.27% (Industry Average ROCE: 15.47%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 22% (Industry Average ROE: 22.27%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.83
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.26
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 9.87 (Industry average Stock P/E: 7.11)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 3.32
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

CreditAccess Grameen Ltd. is a Public Limited Listed company incorporated on 12/06/1991 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L51216KA1991PLC053425 and registration number is 053425. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 2289.39 Cr. and Equity Capital is Rs. 155.87 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Microfinance InstitutionsNo.49, 46th Cross, 8th Block, Bengaluru Karnataka 560071info@cagrameen.in
http://www.creditaccessgrameen.in
Management
NamePosition Held
Mr. George JosephChairman & Ind.Director
Mr. Paolo BrichettiVice Chairman & Non Exe.Dire
Mr. Udaya Kumar HebbarManaging Director & CEO
Ms. Rekha Gopal WarriarIndependent Director
Mr. Manoj KumarIndependent Director
Ms. Lilian Jessie PaulIndependent Director
Mr. Sumit KumarNominee Director
Mr. Massimo VitaNominee Director

FAQ

What is the latest intrinsic value of CreditAccess Grameen Ltd?

The latest intrinsic value of CreditAccess Grameen Ltd as on 26 December 2024 is ₹1085.09, which is 31.21% higher than the current market price of ₹827.00. The stock has a market capitalization of 13,171 Cr. and recorded a high/low of 1,791/810 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹6,829 Cr and total liabilities of ₹26,612 Cr.

What is the Market Cap of CreditAccess Grameen Ltd?

The Market Cap of CreditAccess Grameen Ltd is 13,171 Cr..

What is the current Stock Price of CreditAccess Grameen Ltd as on 26 December 2024?

The current stock price of CreditAccess Grameen Ltd as on 26 December 2024 is 827.

What is the High / Low of CreditAccess Grameen Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of CreditAccess Grameen Ltd stocks is 1,791/810.

What is the Stock P/E of CreditAccess Grameen Ltd?

The Stock P/E of CreditAccess Grameen Ltd is 9.87.

What is the Book Value of CreditAccess Grameen Ltd?

The Book Value of CreditAccess Grameen Ltd is 438.

What is the Dividend Yield of CreditAccess Grameen Ltd?

The Dividend Yield of CreditAccess Grameen Ltd is 1.21 %.

What is the ROCE of CreditAccess Grameen Ltd?

The ROCE of CreditAccess Grameen Ltd is 14.8 %.

What is the ROE of CreditAccess Grameen Ltd?

The ROE of CreditAccess Grameen Ltd is 24.8 %.

What is the Face Value of CreditAccess Grameen Ltd?

The Face Value of CreditAccess Grameen Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CreditAccess Grameen Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE