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CreditAccess Grameen Ltd Performance

Today's Low
1,401.10
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Today's High
1,450.00
52 Wk Low
961.00
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52 Wk High
1,796.00


Open

1428

Traded Value (Cr)

26.42 Cr

Prev. Close

1425.65

VWAP

1434.33

Volume

3,58,884

Face Value

10

CreditAccess Grameen Ltd Fundamentals

Market Cap
₹ 22,767 Cr
P/E Ratio (TTM)
16.92
P/B Ratio
3.93
Debt to Equity
3.05
ROE
20.77 %
EPS (TTM)
84.42
Dividend Yield
0.00%
Book Value
363.79

Click here to know more about Fundamentals

CreditAccess Grameen Ltd Financials

CreditAccess Grameen Ltd Financials

CreditAccess Grameen Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 66.58 % 66.66 % 66.69 % 66.77 %
Mutual Funds 13.98 % 13.89 % 13.61 % 10.27 %
FII 11.65 % 12.00 % 11.46 % 9.56 %
Retail 5.20 % 4.78 % 5.06 % 4.56 %
Others 2.59 % 2.68 % 3.19 % 8.84 %

Promoters

66.58%

Mutual Funds

13.98%

FII

11.65%

Retail

5.20%

Others

2.59%

Promoters

66.66%

Mutual Funds

13.89%

FII

12.00%

Retail

4.78%

Others

2.68%

Promoters

66.69%

Mutual Funds

13.61%

FII

11.46%

Retail

5.06%

Others

3.19%

Promoters

66.77%

Mutual Funds

10.27%

FII

9.56%

Retail

4.56%

Others

8.84%

Resistance and Support

₹1,431.05

PIVOT

resistance-arrow
Resistance
First Resistance₹1,447.000
Second Resistance₹1,468.350
Third Resistance₹1,484.300
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Support
First Resistance₹1,409.700
Second Resistance₹1,393.750
Third Resistance₹1,372.400
RSI52.526
MACD31.024
ADX25.611
CCI-8.802

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day358,884102,54255.79
Week436,107188,82675.80
1 Month293,085159,31260.85
6 Months358,884287,31880.06

About CreditAccess Grameen Ltd

CreditAccess Grameen Limited (formerly known Grameen Koota Financial Services Pvt. Ltd.) is Bengaluru headquartered microfinance institution offering affordable financial products and services. The lending products cater to income generation, education, medical, festival, home improvement, water and sanitation and emergency needs of customers. The Company has enhanced the capabilities beyond solving basic credit needs to cover a wide range of financial and non- financial products including, unsecured business loans, mortgage-backed business loans, two-wheeler loans, gold loans, affordable housing loans, wage loss insurance, life insurance and AEPS enabled cash withdrawal facility to the microfinance model going beyond the traditional credit delivery mechanism. The Company is engaged primarily in providing micro finance services to women who are enrolled as members and organized as Joint Liability Groups (JLG). In addition to core business of providing micro-credit, it uses distribution channel to provide certain other financial products and services to the members. It provides other categories of loans like family welfare loans, home improvement loans and emergency loans to existing customers. As of March 31, 2023, the Company had 1,786 branches across 352 districts in the States of Karnataka, Maharashtra, Madhya Pradesh, Chhattisgarh, Tamil Nadu, Odisha, Kerala, Goa, and the Union Territory of Puducherry. CreditAccess Grameen Limited was originally incorporated as a Private Limited Company under the name 'Sanni Collection Private Limited' (SCPL) on June 12, 1991 at Calcutta, West Bengal. The Company converted into a Public Limited Company on November 27, 2017 and name of the Company was changed to Grameen Koota Financial Services Limited on December 18, 2017. Pursuant to Resolution passed by Shareholders, name of the Company was changed to CreditAccess Grameen Limited on January 12, 2018. Subsequently, RBI granted a fresh Certificate of Registration dated January 19, 2018, under the name 'CreditAccess Grameen Limited'. The Company is promoted by CreditAccess Asia N.V., a multinational company specializing in MSE (micro and small enterprise) financing. In February 2007, the entire shareholding of SCPL was acquired by Vinatha M. Reddy, Vijitha Subbaiah and Suresh K. Krishna, in their respective individual capacity. Subsequently, in October 2007, the microfinance business being operated under T. Muniswamappa Trust (TMT), a public charitable trust engaged in the business of providing micro loans in Karnataka was transferred to SCPL. The microfinance business being operated under TMT was established as a programme under the name 'Grameen Koota' in 1999. In 2008, Company launched Mifos software in all its branches. It commenced operations in Maharashtra. Subsequent to acquisition of SCPL and transfer of microfinance business of TMT to SCPL, SCPL was re branded under the 'Grameen' name, and pursuant to a Resolution of the Shareholders of SCPL, its name was changed from SCPL to Grameen Financial Services Private Limited ('GFSPL') on March 14, 2008, post which the Reserve Bank of India (RBI) granted a Certificate of Registration dated July 28, 2009 reflecting the change of name. In 2010, the company raised Rs 57.60 crore through securitisation. In 2011, it commenced integration with Credit Bureau for credit decisions and also commenced multi-product strategy. The Company granted NBFC-Microfinance Institution ('NBFC-MFI') status by the RBI with effect from September 5, 2013. Subsequently, the name of the Company was changed to Grameen Koota Financial Services Private Limited on November 13, 2014. Further, a fresh certificate of registration consequent upon change of name was issued to the company by the RBI on December 16, 2014. In 2014, CreditAccess Asia N.V. acquired a majority stake in the company. In 2015, the company commenced operations in Madhya Pradesh and Chhattisgarh. It established 7 regional processing centres across its operational geographies. It launched a core banking IT solution - T24. In 2016, it introduced business loans facilities as part of the Retail Finance division. CreditAccess Grameen came out with an initial public offer (IPO) during the period from 8 August 2018 to 10 August 2018. The IPO was a combination of fresh issue of Rs 630 crore and an offer for sale of 1.18 crore equity shares from promoter CreditAccess Asia N.V. The IPO was priced at Rs 422 per share. The stock made its debut on the bourses on 23 August 2018. In August 2018, Company after listing its shares on the BSE & NSE completed a securitisation transaction valued Rs. 91.22 crore on August 27, 2018. On 31 August 2018, Company completed a securitisation transaction of Rs 248.35 crore on August 31, 2018. With this transaction, it completed five securitization transactions and one Direct Assignment transaction totalling to Rs.733.11 crore in FY19. The Company acquired 75.64% of the shareholding of Madura Micro Finance Limited (MMFL) from its existing shareholders on March 18, 2020, which was a subsidiary of the Company from March 18, 2020 up to March 31, 2020 and additionally acquired 0.44% of the share capital of MMFL on March 31, 2020. During financial year 2020-21, Company completed Qualified Institutional Placement (QIP) of Rs. 8,000 million. It opened 35 new branches in March 2021 across Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Gujarat and d Uttar Pradesh, which was in expansion line. CreditAccess India Foundation (CAIF) was incorporated on May 29, 2021, as a wholly owned subsidiary of the Company. During FY 2022, the Company opened 211 new branches. The erstwhile Material Subsidiary, Madura Micro Finance Limited (MMFL) and CreditAccess Grameen Limited got merged through the Scheme of Amalgamation effective from February 15, 2023 and accordingly, all the undertakings of MMFL were transferred and vested in the Company on a going concern basis during the year 2022-23. During the year 2022-23, the Company raised, by way of Public Issue, Rs 500 Crore of Secured NCDs having a face value of Rs 1000 each, allotted on November 23, 2022 and as a result, the NCDs got listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). The Company opened 167 new branches in FY23 across Bihar, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh, and West Bengal.

Managing Director

Udaya Kumar Hebbar

Founded

1991

NSE Symbol

CREDITACC

CreditAccess Grameen Ltd Management

NameDesignation
George JosephLead Independent Non Executive
SUMIT KUMARNon Executive Director / Nomin
Massimo VitaNon Executive Director / Nomin
Paolo BrichettiVice Chairman (Non-executive)
Jessie PaulIndependent Non Exe. Director
Manoj KumarIndependent Non Exe. Director
Rekha WarriarIndependent Director
Udaya Kumar HebbarManaging Director & CEO
Paolo BrichettiVice Chairman

CreditAccess Grameen Ltd News

CreditAccess Grameen allots 40,270 equity shares under ESOP
CreditAccess Grameen allots 36,992 equity shares under ESOP
CreditAccess Grameen's AUM cross Rs 25,000 cr
CreditAccess Grameen transforms its core banking solution with Temenos platform
CreditAccess Grameen Q3 PAT climbs 64% YoY to Rs 353 cr
The micro finance lender’s standalone net profit surged 63.8% to Rs 353.42 crore on 42.38% jump in total income to Rs 1,295.23 crore in Q3 FY24 over Q3 FY23.
CreditAccess Grameen consolidated net profit rises 66.54% in the December 2023 quarter
Sales rise 42.33% to Rs 1292.20 crore
CreditAccess Grameen to discuss results
On 19 January 2024
CreditAccess Grameen wins 'Microfinance Organisation of the Year Award' 2023
CreditAccess Grameen allots 25,897 equity shares under ESOP
CreditAccess Grameen allots 12,620 equity shares under ESOP

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CreditAccess Grameen Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase CreditAccess Grameen Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. CreditAccess Grameen Ltd's share price is ₹1,437.25 as of April 19, 2024

CreditAccess Grameen Ltd's P/E ratio is 16.92 times as of April 19, 2024.

CreditAccess Grameen Ltd's most recent financial reports indicate a price-to-book ratio of 3.93, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. CreditAccess Grameen Ltd's market is 22,767 Cr as on April 19, 2024.

The current financial records of CreditAccess Grameen Ltd show a 20.77% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a CreditAccess Grameen Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. CreditAccess Grameen Ltd's 52-week high and low as of April 19, 2024 are ₹1450 and ₹1401.1 respectively.

As of the Mar 2024 quarter, the promoter shareholding in CreditAccess Grameen Ltd stands at 66.58%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 12.00% to 11.65%.