Small Microfinance
Market Cap
₹20,310 ₹20,310 Cr.
P/E
16.77
PEG
0.54
PEG = P/E ÷ 5yr forward EPS CAGR
5yr forward EPS CAGR thesis · Base case

Base case hinges on credit cost normalization from 6.74% to 3.0–3.5%, lifting AUM to ~₹63,700 Cr as retail finance scales to 38% of AUM.

Bull path triggers: sustained PAR accretion below 15 bps, credit cost reaching 2.5%, and retail finance exceeding 35% of AUM, enabling >25% AUM growth.

Bear path: another state-level ordinance or PAR accretion reversion above 40 bps derails recovery, keeping AUM below ₹47,000 Cr with credit cost stuck at 4–5%.

Key Ratios

Debt to Equity
Debt to Equity
3.04
Div Yield (%)
Div Yield (%)
-
Individual < 2 lac
Individual < 2 lac
3.76 %
Institutions
Institutions
26.15 %
Market cap
Market cap
20,310 Cr
No. of Shareholders
No. of Shareholders
79,071
OPM (%)
OPM (%)
57.05 %
PE
PE
16.77
Prom Holding
Prom Holding
66.21 %
ROCE (%)
ROCE (%)
15.17
ROE (%)
ROE (%)
9.92
Sales
Sales
6,379 Cr
  • CreditAccess Grameen
  • Spandana SphoortyFin
  • Fusion Finance
  • TJI Microfinance
Last updated on 5 Oct 2026
  • CreditAccess Grameen is India's largest non-bank microfinance lender. It lends mainly to women joint-liability groups for income generation.
  • Its retail arm makes individual business, housing, property-backed and two-wheeler loans for graduating borrowers.
  • About 82% of revenue still comes from group micro-loans to women borrowers. Retail finance is the growth vector. Credit costs drive volatility.
  • It funds from many lenders. Foreign borrowings are 24.4% of debt.
  • It is shifting toward retail finance for graduating borrowers. Retail is 23% of the loan book. The new operating model, Project Shakti, supports it.
  • It is in mid-recovery from FY24-25 stress. Management guides AUM growth of 20-25% for FY27. Near-term profit depends on holding FY27 credit cost to 3-4%.
  • Karnataka is still 31% of the loan book. Stress there swings the whole book.
  • H1 credit-cost and asset-quality print ~late Oct 2026
    it shows if H1 credit costs stay in the 3-4% guide and bad loans keep falling.
  • Remaining NCD fundraising No timeline
    Rs700Cr plus Rs2,000Cr remain approved. New coupons show funding costs.
  • Further promoter stake sales No timeline
    any further sale adds to free float.
Price Range

See where the stock is trading versus its 52-week high and low.

Low
1113
52W Range
High
1634
Timeline

Key company specific updates.

Custom financial statement

Edit rows

Forensics

8 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

2 No Data

Insufficient data to analyse

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Borrowings Break-Up

AUM Break-Up - NBFC

Operational Metrics

    Select a Metric

    Peer Comparison

    Corporate Actions

    Consolidated
    DATE
    DETAILS
    Show More
    Show Less
    Show More
    Show Less

    FAQs on CreditAccess Grameen Ltd. Business

    CreditAccess Grameen Limited is a top Indian micro-finance institution specializing in providing micro-loans to women in Rural Areas for income generation, family welfare, home improvement, and emergencies.

    CreditAccess Grameen major competitors are Spandana SphoortyFin, Fusion Finance, IFCI, Capri Global Capital, Five Star Business, Cholamandalam Fin., Manappuram Finance.
    Market Cap of CreditAccess Grameen is ₹19,887 Crs.
    While the median market cap of its peers are ₹17,920 Crs.

    CreditAccess Grameen seems to be less financially stable compared to its competitors.
    Altman Z score of CreditAccess Grameen is 0.97 and is ranked 4 out of its 8 competitors.

    Company Filing

    Discussions & Analysis

    Ideas Dashboard
    Results
    Timeline
    Watchlist
    Portfolio
    Alerts
    Stock Screener
    Market
    Raw Material