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Last Updated: April 2, 2026, 2:47 am
Author: Getaka|Social: XLinkedIn

CreditAccess Grameen Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,132.11Fairly Valued by 5.02%vs CMP ₹1,192.00

P/E (39.4) × ROE (7.9%) × BV (₹448.00) × DY (2.00%)

₹619.21Overvalued by 48.05%vs CMP ₹1,192.00
MoS: -92.5% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,200.3424%Fair (+0.7%)
Graham NumberEarnings₹553.1117%Over (-53.6%)
Earnings PowerEarnings₹457.8711%Over (-61.6%)
DCFCash Flow₹428.0714%Over (-64.1%)
Net Asset ValueAssets₹447.218%Over (-62.5%)
EV/EBITDAEnterprise₹38.709%Over (-96.8%)
Earnings YieldEarnings₹303.508%Over (-74.5%)
ROCE CapitalReturns₹736.419%Over (-38.2%)
Consensus (8 models)₹619.21100%Overvalued
Key Drivers: Wide model spread (₹39–₹1,200) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.0%

*Investments are subject to market risks

Investment Snapshot

51
CreditAccess Grameen Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 9.6% AverageROE 7.9% AverageD/E 2.96 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.30% (6mo) Slight increaseDII holding up 0.56% MF buyingPromoter holding at 66.3% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum40/100 · Moderate
Profit (4Q): -45% YoY Declining
Industry Rank40/100 · Moderate
P/E 39.4 vs industry 23.9 Premium to peersROCE 9.6% vs industry 9.1% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:47 am

Market Cap 19,095 Cr.
Current Price 1,192
Intrinsic Value₹619.21
High / Low 1,497/860
Stock P/E39.4
Book Value 448
Dividend Yield0.00 %
ROCE9.55 %
ROE7.86 %
Face Value 10.0
PEG Ratio6.54

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

View Share Price Target for CreditAccess Grameen Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
CreditAccess Grameen Ltd 19,095 Cr. 1,192 1,497/86039.4 4480.00 %9.55 %7.86 % 10.0
Muthoot Microfin Ltd 2,565 Cr. 150 210/119 1580.00 %5.80 %8.19 % 10.0
Satin Creditcare Network Ltd 1,617 Cr. 146 176/1318.42 2370.00 %11.9 %7.53 % 10.0
Industry Average7,759.00 Cr496.0023.91281.000.00%9.08%7.86%10.00

All Competitor Stocks of CreditAccess Grameen Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue9081,0651,1701,2471,2921,4571,5121,4531,3801,4071,4631,5081,490
Interest 314346385424442482510485475478482480459
Expenses 2933113093423654344537001,020864885845678
Financing Profit301409477481486542549269-1156596184353
Financing Margin %33%38%41%39%38%37%36%18%-8%5%7%12%24%
Other Income 2111321121111
Depreciation 13121212131414171615151616
Profit before tax 290398465469476529535252-1295181169338
Tax % 26%25%26%26%26%25%26%26%-23%8%26%26%25%
Net Profit 216297346349353397398186-1004760126252
EPS in Rs 13.8218.9822.1621.9522.2024.9124.9511.67-6.242.963.777.8715.75
Gross NPA %1.48%1.21%0.89%0.77%0.97%1.18%1.46%2.44%3.99%4.76%4.70%3.65%4.04%
Net NPA %0.35%0.27%0.24%0.29%0.35%0.45%0.76%1.28%1.73%1.78%1.26%1.36%

Last Updated: February 6, 2026, 6:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 7:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue1462784647088711,2821,6832,0282,6693,4875,1675,7525,868
Interest 721292083173544175757459871,2161,7381,9551,899
Expenses 50761262641843616391,0691,2351,1791,4443,0303,271
Financing Profit24741301283325044702144471,0921,984767698
Financing Margin %16%26%28%18%38%39%28%11%17%31%38%13%12%
Other Income 232111138164643
Depreciation 12345820234750516263
Profit before tax 25751301243284984511944811,1051,939709639
Tax % 33%35%36%35%35%35%27%27%27%25%25%25%
Net Profit 174983802123223281423538261,446531485
EPS in Rs 3.146.6811.419.3716.5422.4122.759.1522.6552.8790.7233.2730.35
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%11%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)188.24%69.39%-3.61%165.00%51.89%1.86%-56.71%148.59%133.99%75.06%-63.28%
Change in YoY Net Profit Growth (%)0.00%-118.85%-73.00%168.61%-113.11%-50.02%-58.57%205.30%-14.60%-58.93%-138.34%

CreditAccess Grameen Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:35%
5 Years:28%
3 Years:29%
TTM:4%
Compounded Profit Growth
10 Years:27%
5 Years:10%
3 Years:15%
TTM:-87%
Stock Price CAGR
10 Years:%
5 Years:14%
3 Years:10%
1 Year:14%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:16%
Last Year:8%

Last Updated: September 5, 2025, 2:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:08 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 53737386128144144156156159159160160
Reserves 1543033876051,3092,2222,5253,4794,0114,9486,4116,7967,004
Borrowing8051,2912,2332,6683,6234,8677,8238,78112,92116,31221,84120,44620,103
Other Liabilities 466011520553126170281394439460401411
Total Liabilities 1,0581,7272,8083,5645,1147,35710,66212,69717,48221,85828,87127,80227,679
Fixed Assets 341112162587101629599609604585
CWIP 0203123134540
Investments 00000066166314551,4398931,238
Other Assets 1,0551,7202,7963,5495,0967,3309,91111,93216,84920,80126,81826,30225,855
Total Assets 1,0581,7272,8083,5645,1147,35710,66212,69717,48221,85828,87127,80227,679

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -931-425-1,726-1,378-2,302-364-1,969-3,290-4,7341,125
Cash from Investing Activity + -4-554-7-636-32-189-314-994708
Cash from Financing Activity + 9345791,4701,8292,9291,7061,6843,3655,494-1,669
Net Cash Flow -1149-202444-91,310-473-239-234164
Free Cash Flow -939-433-1,731-1,396-2,323-376-1,992-3,307-4,7541,092
CFO/OP -262%-79%-241%-130%-205%-27%-129%-132%-112%54%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-755.0075.00124.00262.00181.00357.00632.00-7.00-11.00-15.00-20.00-17.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 10%17%20%14%20%17%13%5%9%18%25%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.68%66.77%66.69%66.66%66.58%66.56%66.54%66.50%66.43%66.43%66.37%66.28%
FIIs 9.67%9.55%11.46%12.00%11.65%10.88%10.76%9.76%11.38%12.13%12.29%11.68%
DIIs 12.27%11.90%15.78%15.79%15.76%16.25%14.86%14.17%12.67%12.76%13.33%13.23%
Public 4.38%11.77%6.08%5.57%6.01%6.31%7.83%9.57%9.50%8.67%8.02%8.81%
No. of Shareholders 41,97940,62251,17257,98969,82483,6031,03,9281,25,0041,19,8191,01,90283,94385,666

Shareholding Pattern Chart

No. of Shareholders

CreditAccess Grameen Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund 1,532,673 0.8 203.311,642,9572025-12-07 22:19:29-6.71%
Edelweiss Mid Cap Fund 1,449,443 1.39 192.27840,9072026-02-22 01:21:2172.37%
Canara Robeco Small Cap Fund 1,198,495 1.25 158.981,323,8472026-02-22 08:59:12-9.47%
Canara Robeco Large and Mid Cap Fund 1,054,497 0.57 139.881,202,5722026-01-25 01:39:51-12.31%
UTI Mid Cap Fund 805,825 0.93 106.89690,0782026-02-23 02:04:1216.77%
Nippon India Small Cap Fund 793,984 0.16 105.321,334,7952025-12-15 03:04:09-40.52%
Aditya Birla Sun Life Flexi Cap Fund 772,449 0.41 102.47720,3312026-01-25 18:20:457.24%
HDFC Large and Mid Cap Fund 720,141 0.34 95.53N/AN/AN/A
Mahindra Manulife Small Cap Fund 632,747 2.1 83.93N/AN/AN/A
Invesco India Smallcap Fund 538,359 0.79 71.41646,2562026-02-22 02:22:49-16.7%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 33.3290.8852.0423.318.96
Diluted EPS (Rs.) 33.2490.4151.8223.228.90
Cash EPS (Rs.) 37.1793.9355.1225.9411.28
Book Value[Excl.RevalReserv]/Share (Rs.) 435.51412.22321.37261.50244.01
Book Value[Incl.RevalReserv]/Share (Rs.) 435.51412.22321.37261.50244.01
Revenue From Operations / Share (Rs.) 360.15324.17223.09175.97158.18
PBDIT / Share (Rs.) 170.21233.58149.0297.0174.12
PBIT / Share (Rs.) 166.32230.37145.8993.9871.29
PBT / Share (Rs.) 44.38121.6769.5630.8411.60
Net Profit / Share (Rs.) 33.2790.7251.9822.918.45
NP After MI And SOA / Share (Rs.) 33.2790.7251.9823.298.61
PBDIT Margin (%) 47.2672.0566.7955.1346.85
PBIT Margin (%) 46.1871.0665.3953.4045.06
PBT Margin (%) 12.3237.5331.1817.527.33
Net Profit Margin (%) 9.2327.9823.3013.015.33
NP After MI And SOA Margin (%) 9.2327.9823.3013.235.44
Return on Networth / Equity (%) 7.6322.0016.179.123.63
Return on Capital Employeed (%) 37.6555.2744.8926.0519.76
Return On Assets (%) 1.915.013.772.080.88
Long Term Debt / Equity (X) 0.000.000.000.370.48
Total Debt / Equity (X) 2.943.323.193.252.96
Asset Turnover Ratio (%) 0.200.200.180.150.16
Current Ratio (X) 1.291.261.261.411.52
Quick Ratio (X) 1.291.261.261.411.52
Interest Coverage Ratio (X) 1.402.151.951.541.24
Interest Coverage Ratio (Post Tax) (X) 1.271.831.681.361.14
Enterprise Value (Cr.) 34216.9443473.0429417.6824491.8418992.64
EV / Net Operating Revenue (X) 5.958.418.308.937.72
EV / EBITDA (X) 12.5911.6812.4216.2016.47
MarketCap / Net Operating Revenue (X) 2.644.444.104.834.24
Price / BV (X) 2.193.492.853.332.83
Price / Net Operating Revenue (X) 2.644.444.104.834.24
EarningsYield 0.030.060.050.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 5752.33 Cr. and Equity Capital is Rs. 159.72 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Microfinance InstitutionsNo.49, 46th Cross, 8th Block, Bengaluru Karnataka 560071Contact not found
Management
NamePosition Held
Mr. George JosephChairman & Ind.Director
Mr. Paolo BrichettiVice Chairman & Non Exe.Dire
Mr. Udaya Kumar HebbarManaging Director
Mr. Sumit KumarNon Executive Director
Mr. Massimo VitaNon Executive Director
Ms. Rekha Gopal WarriarIndependent Director
Mr. Manoj KumarIndependent Director
Ms. Lilian Jessie PaulIndependent Director

FAQ

What is the intrinsic value of CreditAccess Grameen Ltd and is it undervalued?

As of 18 April 2026, CreditAccess Grameen Ltd's intrinsic value is ₹619.21, which is 48.05% lower than the current market price of ₹1,192.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.86 %), book value (₹448), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of CreditAccess Grameen Ltd?

CreditAccess Grameen Ltd is trading at ₹1,192.00 as of 18 April 2026, with a FY2026-2027 high of ₹1,497 and low of ₹860. The stock is currently in the middle of its 52-week range. Market cap stands at ₹19,095 Cr..

How does CreditAccess Grameen Ltd's P/E ratio compare to its industry?

CreditAccess Grameen Ltd has a P/E ratio of 39.4, which is above the industry average of 23.91. The premium over industry average may reflect growth expectations or speculative interest.

Is CreditAccess Grameen Ltd financially healthy?

Key indicators for CreditAccess Grameen Ltd: ROCE of 9.55 % is on the lower side compared to the industry average of 9.08%; ROE of 7.86 % is below ideal levels (industry average: 7.86%). Dividend yield is 0.00 %.

Is CreditAccess Grameen Ltd profitable and how is the profit trend?

CreditAccess Grameen Ltd reported a net profit of ₹531 Cr in Mar 2025 on revenue of ₹5,752 Cr. Compared to ₹353 Cr in Mar 2022, the net profit shows an improving trend.

Does CreditAccess Grameen Ltd pay dividends?

CreditAccess Grameen Ltd has a dividend yield of 0.00 % at the current price of ₹1,192.00. The company is currently not paying meaningful dividends.

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
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