CreditAccess Grameen Ltd.

•

creditaccessgrameen.inBSE: 541770NSE: CREDITACC

Market Cap₹ 22,481 Cr.

Current Price

High / Low₹ 1,634 / 1,113

Stock P/E18.6

Book Value₹ 515

Price to Book2.38

Dividend Yield0.00 %

ROCE10.0 %

ROE10.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 42.7% CAGR over last 5 years
Comfortable capital adequacy - CAR of 24.4%
Asset quality is healthy - gross NPA of just 0.0%
Solid return on assets for a lender - ROA of 2.5%
Latest quarter profit grew 719.7% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years

CONS

Company has a low return on capital employed of 11.4%
Operating margins have contracted to 49.5% from 66.9%
Thin net interest margin of 0.0%
Growth is decelerating - 3Y profit CAGR (-2.0%) trails the 5Y trend (42.7%)
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY SMLCAP 250 NIFTY 500 NIFTY TOTAL MKT

S.No.	Name
1.	BAJFINANCE	1046.00	32.08	651234.82	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1038.00	21.58	244239.69	1.04	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1849.10	27.46	157925.34	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.95	28.51	154067.52	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	231.15	73.86	152631.62	0.26	830.25	155.73	2004.47	227.28	2.11	69.71
6.	BAJAJHLDNG	10971.00	13.79	122100.11	1.78	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2840.00	10.03	114017.05	1.06	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	400.00	26.68	109501.94	0.00	12238.50	1332.54	121795.40	1181.69	8.82	41.91
9.	LTF	311.25	24.51	78010.22	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	666.00	27.86	63379.43	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	676.50	25.83	56201.25	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	CREDITACC	1400.85	18.57	22481.47	0.00	493.39	719.72	1783.49	22.61	9.98	68.71

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,158	1,235	1,281	1,444	1,504	1,446	1,375	1,398	1,455	1,492	1,478	1,585	1,783
	306	345	365	434	453	700	1,020	864	885	845	678	660	1,124
Operating Profit	864	902	927	1,024	1,059	753	360	543	578	664	813	937	1,225
OPM %	74.58%	73.04%	72.36%	70.87%	70.41%	52.08%	26.17%	38.83%	39.72%	44.49%	54.99%	59.13%	68.71%
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
	467	467	476	529	535	252	-129	51	81	169	338	445	660
Tax %	25.44%	25.65%	25.70%	25.00%	25.63%	26.16%	22.81%	7.58%	25.80%	25.63%	25.40%	23.70%	25.25%
Net Profit	0	0	0	0	398	186	-100	47	60	126	252	340	493
	22	22	22	25	25	12	-6	3	4	8	16	21	3

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,282	1,704	2,461	2,743	3,545	5,167	5,752	6,059	6,339
	361	641	1,308	1,235	1,179	1,444	3,030	3,061	3,306
Operating Profit	922	1,063	1,153	1,508	2,366	3,723	2,722	2,998	3,032
OPM %	71.87%	62.37%	46.84%	54.98%	66.73%	72.05%	47.32%	49.48%	47.84%
	1	1	5	7	6	6	4	4	4
Interest	417	582	933	987	1,216	1,738	1,955	1,905	1,967
Depreciation	8	20	44	47	50	51	62	63	64
Profit before Tax	498	462	180	481	1,105	1,939	709	1,033	1,612
Tax %	35.36%	27.32%	27.16%	26.56%	25.27%	25.44%	25.04%	24.73%	24.89%
Net Profit	322	335	131	353	826	1,446	531	778	1,211
EPS	23.14	23.00	8.90	22.20	51.82	90.72	33.27	48.54	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	11.02%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 20%
3 Years:: 20%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 42%
3 Years:: -2%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 16%
3 Years:: 1%
1 Year:: 10%

RETURN ON EQUITY

10 Years:: —
5 Years:: 14%
3 Years:: 14%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	144	144	156	156	159	159	160	160
Minority Interest	0	109	105	0	0	0	0	0
	2,213	2,582	3,527	3,999	4,929	6,379	6,747	7,616
	4,867	9,540	10,941	12,921	16,379	21,929	20,535	23,727
Trade Payables	104	109	202	259	304	256	32	35
	303	525	589	630	763	1,311	1,505	1,288
Total Liabilities	7,629	13,008	15,520	17,965	22,533	30,035	28,979	32,826
	25	576	573	629	599	609	604	588
	0	46	1	1	455	1,439	893	1,075
Cash & Bank	616	718	2,484	1,761	1,436	1,222	1,343	1,272
	6,989	11,668	12,463	15,574	20,043	26,765	26,139	29,891
Total Assets	7,629	13,008	15,520	17,965	22,533	30,035	28,979	32,826

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,196	-2,089	-339	-2,593	-3,050	-4,734	1,125	-2,770
Cash from Investing	-7	-608	24	-33	-314	-994	708	-101
Cash from Financing	1,829	2,915	2,146	1,967	3,365	5,494	-1,669	2,751
	444	54	1,715	-780	-239	-234	164	-120

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.56	66.54	66.50	66.43	66.43	66.37	66.28	66.24	66.21
	10.88	10.76	9.76	11.38	12.13	12.29	11.68	12.94	13.48
	16.25	14.86	14.17	12.67	12.76	13.33	13.23	12.59	12.67
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	6.31	7.83	9.57	9.51	8.68	8.02	8.81	8.24	7.63

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

ESOP/ESOS/ESPS

2026-09-04 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Allotment of 30135 Shares.

2026-09-03

Press Release

2026-09-03 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding a press release dated September 03, 2026, titled "Press Release".

2026-09-02

Allotment of Securities

2026-09-02 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding allotment of 30000 Non Convertible Debentures

2026-08-20

ESOP/ESOS/ESPS

2026-08-20 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Allotment of 43025 Shares.

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Schedule of meet

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Schedule of meet

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Schedule of meet

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Schedule of meet

2026-08-07

Allotment of Securities

2026-08-07 - CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding allotment of 101320 securities pursuant to ESOP/ESPS at its meeting held on August 06, 2026

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