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CreditAccess Grameen Ltd

Updated on September 16, 2020

Stock/Share Code - CREDITACC

CreditAccess Grameen is a microfinance institution providing a wide range of financial services to the rural poor and low-income households, particularly women.(Source : Company web-site)

Below is the details of CREDITACC CreditAccess Grameen Ltd

Market Cap₹10,341 Cr.
Current Price ₹686.45 as on 22 Sep 20
52 Week High / Low Price₹1,000.8 / ₹305.2
Face Value₹10
Stock P/E35.02
Book Value₹185.26
Dividend Yield0.00 %
ROCE11.59 %
ROE13.01 %
Sales Growth (3yrs)33.46 %
SectorFinance
IndustryFinance & Investments
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company is expected to give good quarter Company has delivered good profit growth of 46.38% CAGR over last 5 years
Cons: Stock is trading at 3.89 times its book value Though the company is reporting repeated profits, it is not paying out dividend Company has low interest coverage ratio.

CreditAccess Grameen Ltd Price Chart

CreditAccess Grameen Ltd Price Chart

CreditAccess Grameen Ltd Peer Comparison in Finance

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bajaj Finance ₹2,985.85 41.78 ₹210,170.41 Cr. 0.29 ₹962.32 Cr. -19.49 14.52 6648.20 11.95
2. Bajaj Finserv ₹2,985.85 26.35 ₹98,511.55 Cr. 0.08 ₹1,215.15 Cr. 43.75 15.63 14189.99 12.65
3. SBI Cards ₹813 60.93 ₹75,848.93 Cr. 0.12 ₹393.29 Cr. 13.80 4.06 2152.20 15.18
4. HDFC AMC ₹1,674.85 40.31 ₹51,319.04 Cr. 1.16 ₹302.36 Cr. 3.62 -18.42 411.49 46.82
5. Muthoot Finance ₹1,014.75 13.39 ₹45,993.68 Cr. 1.31 ₹853.51 Cr. 53.46 25.96 2604.48 16.01
6. Bajaj Holdings ₹2,985.85 9.93 ₹29,812.37 Cr. 1.49 ₹679.13 Cr. 1.47 14.84 90.25 12.16
7. Cholaman.Inv.&Fn 16.27 ₹19,031.2 Cr. 0.73 ₹431.3 Cr. 36.85 3.93 2125.55 10.30
8. CreditAcc. Gram. 35.02 ₹10,341.03 Cr. 0.00 ₹63.6 Cr. -33.63 35.50 510.10 11.59

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CreditAccess Grameen Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Revenue214228250286310350336376392453461510
Interest881018197107110103124136146168185
Expenses -332857758785114102124157258235
Employee Cost %14.67%13.74%15.48%14.18%15.04%13.98%14.87%15.58%16.69%14.88%14.79%15.04%
Financing Profit93991121141161551191511321513590
Financing Margin %43%43%45%40%37%44%35%40%34%33%8%18%
Other Income020000001001
Depreciation112222236555
Profit before tax92991111121141541181481271463086
Tax %34%35%35%36%36%35%35%35%21%26%24%26%
Net Profit616472727310076961011082364
EPS in Rs7.126.596.736.055.566.965.776.677.027.511.584.42
Gross NPA %5.80%0.82%1.00%0.61%0.85%1.57%
Net NPA %0.20%0.05%
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Revenue881462784647088711,2821,6831,816
Interest4272129208317354417576634
Expenses -395076126264184360637774
Manufacturing Cost %0.83%0.62%0.64%0.74%0.68%0.67%0.53%0.58%
Employee Cost %25.66%20.07%15.71%15.24%14.81%15.01%14.59%15.46%
Other Cost %18.36%13.72%10.81%11.22%21.78%5.42%13.00%21.82%
Financing Profit72474130128332505470408
Financing Margin %7%16%26%28%18%38%39%28%22%
Other Income223211112
Depreciation11234582022
Profit before tax82575130124328498451388
Tax %-5%33%35%36%35%35%35%27%
Net Profit817498380212322328295
EPS in Rs2.003.146.6811.419.3716.5422.4122.7420.53
Dividend Payout %0%0%0%0%0%0%0%0%

Compounded Sales Growth

  • 5 Years:: 43.34%
  • 3 Years:: 33.46%
  • TTM:: 32.31%

Compounded Profit Growth

  • 5 Years:: 46.38%
  • 3 Years:: 59.77%
  • TTM:: -14.50%

Return on Equity

  • 1 Year:: 28.57%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -4053737386128144144
Equity Capital4053737386128144144
Reserves711543033876051,3092,2222,525
Borrowings3898051,2912,2332,6683,6234,8677,823
Other Liabilities -44466011520553126170
Trade Payables000004813
Other liability items44466011520549117157
Total Liabilities5431,0581,7272,8083,5645,1147,35710,662
Fixed Assets -3341112162587
Gross Block66918233248129
Accumulated Depreciation335711162342
CWIP00203123
Investments0000000661
Other Assets -5401,0551,7202,7963,5495,0967,3309,911
Trade receivables00000000
Cash Equivalents91325280255364143616580
Loans n Advances3195271,0971,7312,53553111158
Other asset items1302033448106504,9006,6039,173
Total Assets5431,0581,7272,8083,5645,1147,35710,662

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity --931-425-1,726-1,378-2,276
Profit from operations155244354595689
Receivables00-55-0
Payables001669-24
Loans Advances-1,129-616-2,061-1,801-2,811
Deposits5768000
Other WC items31-4738-6434
Working capital changes-1,040-595-2,012-1,791-2,801
Direct taxes-46-73-67-182-164
Cash from Investing Activity --4-554-7-668
Fixed assets purchased-8-8-6-18-22
Fixed assets sold00000
Investments purchased-2,217-2,325-3,350-7,056-9,126
Investments sold2,2212,3283,3587,0679,140
Invest in subsidiaries0000-661
Other investing items005200
Cash from Financing Activity -9345791,4701,8292,935
Proceeds from shares01503536314
Proceeds from debentures000072
Redemption of debentures000-2230
Proceeds from borrowings94345501,3403,030
Repayment of borrowings-8-200-47-11
Other financing items-0-61,116129-159
Net Cash Flow-1149-202444-9

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Ratios

Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROE %10%17%20%14%20%17%13%

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.