CREDITACC · NSE · Microfinance Institutions
CreditAccess Grameen Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 16.8 vs peers 16.9 (11th of 23); P/B 2.4 vs peers 2.2 (16th of 25).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is CreditAccess Grameen's share price today?
CreditAccess Grameen last traded at ₹1,301.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 2.7% on the day, down 10.0% over a year. Its 52-week range is ₹1,113 to ₹1,634. The live price is in the app.
₹1,301.20
+2.7% today
−10.0% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range36% of the way up
Low ₹1,113High ₹1,634
What is CreditAccess Grameen's market cap?
CreditAccess Grameen's market capitalisation is about ₹20,348 crore: what it would cost to buy every share at today's price. That makes it the 118th largest small cap company we cover.
₹20,348 Cr
Small Cap118th largest small cap company
Share price₹1,301
×
Shares in issue16 crore
=
Market cap₹20,348 Cr
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: CREDITACC
- ISIN
- INE741K01010
- Cap bucket
- Small Cap, 118th largest by market cap
- Industry (NSE)
- Financial Services › Finance › Microfinance Institutions
- Listed since
- 2018
- Futures and options
- Not traded
Is CreditAccess Grameen overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 16.8 vs peers 16.9 (11th of 23); P/B 2.4 vs peers 2.2 (16th of 25).
Valuation
Latest price and trailing 12 months
P/E
16.76
vs peers 16.9 · 11th of 23
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
2.36
vs peers 2.2 · 16th of 25
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹20,348 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
0.26
vs peers 1.7 · 3rd of 20
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is CreditAccess Grameen a quality business?
Quality score 45.5, 14th of 23 in its peer set; WATCH on 15 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
45.5
vs peers 55.1 · 14th of 23
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
WATCH
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin
14.3%
vs peers 7.1% · 6th of 23
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
6.8%
vs peers 0.8% · 17th of 18
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
35.0%
vs peers 42.8% · 11th of 23
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
2.6%
vs peers 2.3% · 10th of 23
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
15.0%
vs peers 19.6% · 12th of 18
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has CreditAccess Grameen made money for shareholders?
Mixed: −10.0% over one year and +14.9% a year over five years.
Shareholder returns
5-year return
+14.9% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+1.3%1M
−10.1%3M
−17.7%6M
+3.9%1Y
−10.0%3Y
−7.3%5Y
+14.9%Does CreditAccess Grameen pay a dividend?
CreditAccess Grameen last paid ₹10.00 a share, ex-dividend 26 Jul 2024; nothing in the past 12 months counts toward a yield.
Dividends
Per share, by ex-dividend date
26 Jul 2024 · Final₹10.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is CreditAccess Grameen growing?
Loan growth 15.0%; revenue 3 years 19.5% a year; eps 3 years -2.2% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
15.0%
vs peers 19.6% · 12th of 18
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
19.5% a year
vs peers 17.5% · 11th of 23
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
-2.2% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
18.3% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
40.3% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did CreditAccess Grameen do last quarter?
CreditAccess Grameen reported income of ₹1,784 Cr, up 5.3% on a year earlier and a net profit of ₹493 Cr, up 46.3% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹1,784 Cr
+5.3% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹493 Cr
+46.3% on a year earlier
What was left for shareholders after every cost and tax.
How does CreditAccess Grameen compare with its peers?
Compared with 24 Finance (the industry, as the basic industry was too small); 11th of 23 on P/E; 14th of 23 on quality score.
Compared with 24 Finance (the industry, as the basic industry was too small)
24 companies
- CreditAccess Grameen Ltd (this page)
- Poonawalla Fincorp Ltd
- CRISIL Ltd
- Housing & Urban Development Corporation Ltd
- LIC Housing Finance Ltd
- Tata Investment Corporation Ltd
- PNB Housing Finance Ltd
- Manappuram Finance Ltd
- Indian Renewable Energy Development Agency Ltd
- Cholamandalam Financial Holdings Ltd
- IIFL Finance Ltd
- Capri Global Capital Ltd
- TVS Holdings Ltd
- Aadhar Housing Finance Ltd
- IFCI Ltd
- IDFC Ltd
- Choice International Ltd
- Five-Star Business Finance Ltd
- Sammaan Capital Ltd
- Maharashtra Scooters Ltd
- JSW Holdings Ltd
- Edelweiss Financial Services Ltd
- JM Financial Ltd
- Home First Finance Company India Ltd
- Aptus Value Housing Finance India Ltd
CreditAccess Grameen against its peers
Largest 10 of 24 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
CreditAccess Grameen Ltd₹20,348 Cr16.82.410.5%−10.0%
Poonawalla Fincorp Ltd₹39,389 Cr34.92.95.9%−15.3%
Housing & Urban Development Corporation Ltd₹31,980 Cr7.51.620.2%−30.7%
Indian Renewable Energy Development Agency Ltd₹29,328 Cr14.82.215.6%−30.4%
Peer median—16.92.215.0%−13.7%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns CreditAccess Grameen?
CreditAccess Grameen is held by promoters 66.2%, foreign institutions 13.5%, domestic institutions 12.7%.
Shareholding pattern
Latest filing, percent of shares
Promoters66.2%
The founders and controlling group.
Foreign institutions13.5%
Overseas funds investing through the FPI route.
Domestic institutions12.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds10.2%
Indian mutual fund schemes; part of domestic institutions.
Retail and others3.8%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about CreditAccess Grameen?
15 analysts cover CreditAccess Grameen, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
15 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does CreditAccess Grameen do and what is it sensitive to?
Microfinance lender that serves rural and new-to-credit borrowers through field Kendra operations, and has added a retail finance line. Sensitive to: heavy rain and floods.
Business-model card
FY2026 · 33 verified
2Revenue
3Channels
2Regulators
4Reg. dependencies
6Sensitivities
3Costs
2Geographies
Microfinance lender that serves rural and new-to-credit borrowers through field Kendra operations, and has added a retail finance line. It earns interest on its loan book (GLP), so income depends on loan growth, portfolio yield, borrowing cost and credit cost.
Revenue engine
2 verified
Microfinance loans
Interest on microfinance loans delivered through Kendra field operations. Company states its growth is supported by MFIN guardrails. Interpretation: this is the core lending line, but the excerpts do not give its revenue share.
Retail finance (5.9%)
Retail finance lending, which the company describes as a growing share of its book. The excerpt gives 5.9% but does not state the base, so Interpretation: the base is unstated and may be the loan book.
Customers & channels
3 verified
Rural customers
Company states it focuses on rural markets as less served, high-potential customers, with better control and asset quality.
New-to-credit customers
Company states it focuses on new-to-credit customers, who it says shape credit discipline and avoid over-leveraging. Company also says new-to-credit share rose to 40%-43% in Q3/Q4.
Kendra field channel
Field staff use handheld tabs to run Kendra meetings and collections, so the field channel handles loan origination and collection.
Regulators
2 verified
MFIN
Industry guardrails for microfinance that the company says govern how its borrower onboarding and delinquency targets are managed.
Karnataka state government
State regulation affecting microfinance collections and growth in Karnataka. The excerpt refers to a potential state government regulation, so Interpretation: the state's rules affect the Karnataka book.
Regulatory dependencies
4 verified
MFIN guardrails
Company states guardrails shape which customers it onboards. Interpretation: stricter guardrails would limit disbursement growth, and the company also says delinquencies are expected to rise temporarily while the industry aligns.
Karnataka ordinance
Company states the ordinance temporarily affects delinquencies and portfolio growth. Interpretation: a state ordinance that changes recovery conditions would lower collections and loan growth in that state.
IRAC prudential norms
Company states it holds provisions above IRAC prudential norms. Interpretation: a change to these norms would move the provision charge and capital, and the excerpt gives ~280 bps (INR 733 Cr) above IRAC.
1 more statement
Government regulations and tax regimes
Company names changes in government regulations, tax regimes and statutes as factors that could affect its operations. The excerpt does not say which rules.
Sensitivities
6 verified
Heavy rain and floods
Company states heavy rains and floods temporarily made PAR 15+ accretion range-bound. Interpretation: heavier rain raises delinquency and slows collections; drier conditions help asset quality.
Monsoon and agriculture outcomes
Company expects healthy monsoons and positive agriculture to drive on-ground rural demand in H2 FY26. Interpretation: better monsoon and farm income raise loan demand and repayment.
Credit supply and liquidity
Company lists reduced credit supply and liquidity as a challenge to customer cash flow. Interpretation: tighter lender funding for borrowers would weaken repayment and loan growth.
3 more statements
Borrowing cost
Interpretation: the excerpt defines weighted average cost of borrowing. A higher cost of borrowing raises the cost line against portfolio yield and lowers net interest margin.
Interest de-recognition on Stage 3 loans
Company reports interest income on Stage 3 loans was de-recognised, reducing income. Interpretation: higher Stage 3 balances reduce reported interest income.
Accelerated write-offs
Company states accelerated write-offs raised its credit cost. Interpretation: faster write-offs move loss recognition into the current period.
Cost inputs
3 verified
Borrowings (cost of funds)
Interest and fees on borrowings, including securitised borrowings, measured as weighted average cost of borrowing.
Operating cost
Operating cost is measured against average quarterly GLP, so cost per unit of loan book is the key cost ratio.
Expected credit loss provisions
Provisions are measured as ECL over exposure at default across Stages I to III, so credit cost rises when delinquent exposure rises.
Geographies
2 verified
Operating geographies
Company says PAR has fallen across all operating geographies. The excerpt lists the top five states by share of GLP (Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh, Bihar) but the quoted line does not give those shares.
Karnataka
Karnataka had elevated delinquencies that slowed business momentum in Feb-25 and Mar-25. Interpretation: the state's stress is a concentrated risk.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (24 Jul 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
- Corporate actionAnnual General Meeting/Dividend - Rs 10 Per Share.
- Corporate actionAnnual General Meeting.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsWATCH on 15 of 22 lender flags judged; 1 red; 7 could not be judged.
- Data gapsDividend yield, PEG on our 3-year EPS growth, Business quality, Gross NPA, Net NPA, Provision coverage and 4 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓8 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓98 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 33 verified
Questions people ask
What is CreditAccess Grameen's share price today?
CreditAccess Grameen last traded at ₹1,301.20 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 2.7% on the day, down 10.0% over a year. Its 52-week range is ₹1,113 to ₹1,634. The live price is in the app.
What is CreditAccess Grameen's market cap?
CreditAccess Grameen's market capitalisation is about ₹20,348 crore: what it would cost to buy every share at today's price. That makes it the 118th largest small cap company we cover.
Is CreditAccess Grameen Ltd a large cap, mid cap or small cap?
CreditAccess Grameen Ltd (CREDITACC) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is CreditAccess Grameen Ltd's P/E ratio?
16.76, vs peers 16.9 · 11th of 23. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is CreditAccess Grameen Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 16.8 vs peers 16.9 (11th of 23); P/B 2.4 vs peers 2.2 (16th of 25).
How does CreditAccess Grameen Ltd make money?
Microfinance lender that serves rural and new-to-credit borrowers through field Kendra operations, and has added a retail finance line. It earns interest on its loan book (GLP), so income depends on loan growth, portfolio yield, borrowing cost and credit cost.
Why is there no Altman Z or debt to equity for CreditAccess Grameen?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are CreditAccess Grameen Ltd's peers?
Compared with 24 Finance (the industry, as the basic industry was too small): Poonawalla Fincorp Ltd, CRISIL Ltd, Housing & Urban Development Corporation Ltd, LIC Housing Finance Ltd, Tata Investment Corporation Ltd and 19 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did CreditAccess Grameen do last quarter?
CreditAccess Grameen reported income of ₹1,784 Cr, up 5.3% on a year earlier and a net profit of ₹493 Cr, up 46.3% in the Jun 2026 quarter.
Who owns CreditAccess Grameen?
CreditAccess Grameen is held by promoters 66.2%, foreign institutions 13.5%, domestic institutions 12.7%.
Does CreditAccess Grameen pay a dividend?
CreditAccess Grameen last paid ₹10.00 a share, ex-dividend 26 Jul 2024; nothing in the past 12 months counts toward a yield.
What do analysts say about CreditAccess Grameen?
15 analysts cover CreditAccess Grameen, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.