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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of CreditAccess Grameen Ltd

About the Company - CreditAccess Grameen Ltd

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
Mr. Manoj KumarIndependent Director
Ms. Jessie PaulIndependent Director
Ms. Rekha Gopal WarriarIndependent Director
Mr. Massimo VitaNominee Director
Mr. Sumit KumarNominee Director

Basic Stock Data of CreditAccess Grameen Ltd

Last Updated: May 30, 2024, 5:52 am

Market Cap 22,280 Cr.
Current Price 1,399
High / Low1,796/1,032
Stock P/E15.4
Book Value 412
Dividend Yield0.00 %
ROCE14.7 %
ROE24.8 %
Face Value 10.0
PEG Ratio0.57

CreditAccess Grameen Ltd Quarterly Results

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: May 15, 2024, 7:44 am

CreditAccess Grameen Ltd Quarterly Chart

CreditAccess Grameen Ltd Profit & Loss

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%

CreditAccess Grameen Ltd Profit & Loss Yearly Chart

CreditAccess Grameen Ltd Growth

Compounded Sales Growth
10 Years:43%
5 Years:32%
3 Years:37%
TTM:48%
Compounded Profit Growth
10 Years:56%
5 Years:35%
3 Years:117%
TTM:75%
Stock Price CAGR
10 Years:%
5 Years:22%
3 Years:32%
1 Year:14%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:18%
Last Year:25%

Last Updated: May 21, 2024, 8:04 pm

CreditAccess Grameen Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital254053737386128144144156156159159
Reserves26711543033876051,3092,2222,5253,4794,0114,9485,639
Borrowings2473898051,2912,2332,6683,6234,8677,8238,78112,92116,31217,669
Other Liabilities2144466011520553126170281394439487
Total Liabilities3195431,0581,7272,8083,5645,1147,35710,66212,69717,48221,85823,954
Fixed Assets33341112162587101629599599
CWIP0002031231340
Investments000000006616631455741
Other Assets3165401,0551,7202,7963,5495,0967,3309,91111,93216,84920,80122,615
Total Assets3195431,0581,7272,8083,5645,1147,35710,66212,69717,48221,85823,954

CreditAccess Grameen Ltd Reserves and Borrowings Chart

CreditAccess Grameen Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -931-425-1,726-1,378-2,302-364-2,713-3,290
Cash from Investing Activity -4-554-7-636-32-33-314
Cash from Financing Activity 9345791,4701,8292,9291,7061,9673,365
Net Cash Flow-1149-202444-91,310-780-239

CreditAccess Grameen Ltd 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%

CreditAccess Grameen Ltd Financial Efficiency Indicators Chart

CreditAccess Grameen Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.03%73.99%73.97%73.91%73.89%73.85%73.82%73.74%73.71%73.68%66.77%66.69%
FIIs9.52%10.14%10.08%9.29%8.84%8.24%8.67%9.33%9.60%9.67%9.55%11.46%
DIIs9.39%9.02%9.28%10.28%10.04%10.94%10.75%12.68%12.53%12.27%11.90%15.78%
Public7.06%6.86%6.67%6.52%7.23%6.97%6.76%4.25%4.16%4.38%11.77%6.08%
No. of Shareholders37,53638,45638,30040,03339,55934,56834,14239,64540,89141,97940,62251,172

CreditAccess Grameen Ltd Shareholding Pattern Chart

No. of CreditAccess Grameen Ltd Shareholders

CreditAccess Grameen Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Axis Small Cap Fund1,642,9571.34216.13
PGIM India Midcap Opportunities Fund1,036,7001.46136.38
Axis Business Cycles Fund762,9263.96100.36
UTI Mid Cap Fund635,4090.9383.59
Tata Mid Cap Growth Fund - Regular Plan500,0002.6165.78
Edelweiss Balanced Advantage Fund485,5770.6763.88
Edelweiss Mid Cap Fund479,8981.6663.13
SBI Magnum Equity ESG Fund446,0731.1758.68
PGIM India Flexi Cap Fund427,9000.9756.29
UTI Small Cap Fund420,1471.7455.27

CreditAccess Grameen Ltd ROCE Trend

CreditAccess Grameen Ltd EPS Trend

CreditAccess Grameen Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)52.0423.318.9623.2023.37
Diluted EPS (Rs.)51.8223.228.9023.0023.14
Cash EPS (Rs.)55.1225.9411.2824.7122.96
Book Value[Excl.RevalReserv]/Share (Rs.)321.37261.50244.01197.46164.76
Book Value[Incl.RevalReserv]/Share (Rs.)321.37261.50244.01197.46164.76
Revenue From Operations / Share (Rs.)223.09175.97158.18118.3689.32
PBDIT / Share (Rs.)149.0297.0174.1273.6464.25
PBIT / Share (Rs.)145.8993.9871.2972.2263.70
PBT / Share (Rs.)69.5630.8411.6032.0634.67
Net Profit / Share (Rs.)51.9822.918.4523.3022.41
NP After MI And SOA / Share (Rs.)51.9823.298.6123.1622.41
PBDIT Margin (%)66.7955.1346.8562.2171.92
PBIT Margin (%)65.3953.4045.0661.0171.31
PBT Margin (%)31.1817.527.3327.0838.81
Net Profit Margin (%)23.3013.015.3319.6825.09
NP After MI And SOA Margin (%)23.3013.235.4419.5725.09
Return on Networth / Equity (%)16.179.123.6312.1913.60
Return on Capital Employeed (%)44.8926.0519.7627.5830.68
Return On Assets (%)3.772.080.882.644.37
Long Term Debt / Equity (X)0.000.370.480.320.25
Total Debt / Equity (X)3.193.252.963.491.99
Asset Turnover Ratio (%)0.180.150.160.180.00
Current Ratio (X)1.261.411.521.351.66
Quick Ratio (X)1.261.411.521.351.66
Interest Coverage Ratio (X)1.951.541.241.832.21
Interest Coverage Ratio (Post Tax) (X)1.681.361.141.581.77
Enterprise Value (Cr.)29417.6824491.8418992.6413802.8811285.47
EV / Net Operating Revenue (X)8.308.937.728.108.80
EV / EBITDA (X)12.4216.2016.4713.0212.24
MarketCap / Net Operating Revenue (X)4.104.834.242.865.61
Price / BV (X)2.853.332.831.783.04
Price / Net Operating Revenue (X)4.104.834.242.865.61
EarningsYield0.050.020.010.060.04

CreditAccess Grameen Ltd Profitability Ratios (%)

CreditAccess Grameen Ltd Liquidity Ratios

CreditAccess Grameen Ltd Liquidity Ratios (%)

CreditAccess Grameen Ltd Interest Coverage Ratios (%)

CreditAccess Grameen Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,604.98

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.

Undervalued: 14.72% compared to the current price ₹1399

Intrinsic Value: ₹2,041.40

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 45.92% compared to the current price ₹1399

Last 5 Year EPS CAGR: 27.19%

*Investments are subject to market risks

Strength and Weakness of CreditAccess Grameen Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of CreditAccess Grameen Ltd?

The latest fair value of CreditAccess Grameen Ltd is ₹1604.98.

What is the Market Cap of CreditAccess Grameen Ltd?

The Market Cap of CreditAccess Grameen Ltd is 22,280 Cr..

What is the current Stock Price of CreditAccess Grameen Ltd as on 30 May 2024?

The current stock price of CreditAccess Grameen Ltd as on 30 May 2024 is ₹1,399.

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

In FY 2024, the High / Low of CreditAccess Grameen Ltd stocks is 1,796/1,032.

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

The Stock P/E of CreditAccess Grameen Ltd is 15.4.

What is the Book Value of CreditAccess Grameen Ltd?

The Book Value of CreditAccess Grameen Ltd is 412.

What is the Dividend Yield of CreditAccess Grameen Ltd?

The Dividend Yield of CreditAccess Grameen Ltd is 0.00 %.

What is the ROCE of CreditAccess Grameen Ltd?

The ROCE of CreditAccess Grameen Ltd is 14.7 %.

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