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NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue receives a healthy response with total subscriptions surpassing 2.0 times the base issue size of INR 400 crore The NCD Tranche II Issue of CreditAccess Grameen Ltd. which opened on 24th August 2023, has received a healthy response with total subscriptions surpassing 2.0 times the base issue size of INR 400 crore, as of 2.00 pm on 25th August 2023. Considering the strong investor demand, the company is expected to exercise the green shoe option to retain oversubscription up to an additional INR 600 crore over and above the base issue size.    Above views are of the author and not of the...
NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue receives a healthy response with total subscriptions surpassing 2.0 times the base issue size of INR 400 crore
NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue receives a healthy response with total subscriptions surpassing 2.0 times the base issue size of INR 400 crore
Source: PR Agency
25/08/2023 4:07:20 PM
CreditAccess Grameen jumps on eyeing around 25% growth in loan sales in FY24 CreditAccess Grameen is currently trading at Rs. 1401.00, up by 27.20 points or 1.98% from its previous closing of Rs. 1373.80 on the BSE. The scrip opened at Rs. 1362.05 and has touched a high and low of Rs. 1409.80 and Rs. 1362.05 respectively. So far 7887 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1502.30 on 01-Aug-2023 and a 52 week low of Rs. 834.10 on 31-Jan-2023. Last one week high and low of the sc...
CreditAccess Grameen jumps on eyeing around 25% growth in loan sales in FY24
CreditAccess Grameen jumps on eyeing around 25% growth in loan sales in FY24
Source: Accord Fintech
24/08/2023 2:48:47 PM
NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue will open on August 24, 2023 coming Thursday Coupon Rate up to 9.70 %p.a. Effective Yield up to 10.13%p.a. The base size of the NCD Issue is Rs. 400 crore with an option to retain oversubscription up to Rs. 600 crore aggregating up to Rs. 1,000 crore. The company had successfully raised Rs. 500 crore last year (Nov 2022) through Tranche I which was subscribed 3.03x times of the base size issue. The NCDs are proposed to be listed on BSE Limited and NSE Limited. The company has a market capitalisation of over Rs. 21,500 crore. &n...
NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue will open on August 24, 2023 coming Thursday
NBFC-MFI CreditAccess Grameen`s NCD Tranche II Issue will open on August 24, 2023 coming Thursday
Source: PR Agency
21/08/2023 11:24:06 AM
CreditAccess Grameen moves up on getting nod to raise upto Rs 1,000 crore through NCDs CreditAccess Grameen is currently trading at Rs. 1376.65, up by 7.60 points or 0.56% from its previous closing of Rs. 1369.05 on the BSE. The scrip opened at Rs. 1370.05 and has touched a high and low of Rs. 1398.00 and Rs. 1370.05 respectively. So far 1291 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1502.30 on 01-Aug-2023 and a 52 week low of Rs. 834.10 on 31-Jan-2023. Last one week high and low of the scr...
CreditAccess Grameen moves up on getting nod to raise upto Rs 1,000 crore through NCDs
CreditAccess Grameen moves up on getting nod to raise upto Rs 1,000 crore through NCDs
Source: Accord Fintech
21/08/2023 10:16:17 AM
Mid Cap : Accumulate CreditAccess Grameen Ltd For Target Rs.1,615 - Geojit Financial Strong growth outlook with premium ROA CreditAccess Grameen Limited (CAGL) is one of the leading Microfinance NBFCs in India with a high focus on Group lending and Retail finance, with the majority of its operations in South India. • Gross Loan Portfolio (GLP) grew at a strong 39.7% YoY to Rs.21,814cr on the back of 122.3% YoY disbursement growth. • Management aims to touch a GLP of Rs.50,000cr in the next 4 to 5 years by leveraging its solid foundation and leadership posit...
Mid Cap : Accumulate CreditAccess Grameen Ltd For Target Rs.1,615 - Geojit Financial
Mid Cap : Accumulate CreditAccess Grameen Ltd For Target Rs.1,615 - Geojit Financial
Source: Geojit Financial Services
15/08/2023 10:52:25 AM
Buy CreditAccess Grameen Ltd For Target Rs.1,715 by Yes Securities Ltd Robust performance; guidance upgrade inevitable CREDAG delivered a sizeable NII/PPOP/PAT beat of 5%/4%/10% on our estimates underpinned by significant NIM expansion, operating leverage, and fully normalized credit cost. Portfolio/disbursements growth was strong at 40%/122% yoy and remains anchored on strong customer addition, prudent ticket/tenor policies, regional portfolio diversification, improving distribution productivity and strengthening asset quality. Management would review its cu...
Buy CreditAccess Grameen Ltd For Target Rs.1,715 by Yes Securities Ltd
Buy CreditAccess Grameen Ltd For Target Rs.1,715 by Yes Securities Ltd
Source: Yes Securities Ltd
28/07/2023 2:38:55 PM
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO) CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), announced that its Deputy Chief Executive Officer & Chief Business Officer, Mr. Ganesh Narayanan will be transitioning as the Chief Executive Officer (CEO) effective 1st August 2023 for a period of five years subject to the shareholders’ approval. CA Grameen’s current Managing Director & C...
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO)
Credit Access Grameen Elevates Mr. Ganesh Narayanan As The Chief Executive Officer (CEO)
Source: PR Agency
25/07/2023 1:10:56 PM
Credit Access Grameen Q1FY23-24 Results CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), today announced its unaudited and limited reviewed financial performance for the first quarter of the financial year 2023-24. Business Highlights: Q1 FY24 ·  &nbs...
Credit Access Grameen Q1FY23-24 Results
Credit Access Grameen Q1FY23-24 Results
Source: PR Agency
22/07/2023 11:54:06 AM
CreditAccess Grameen Signs A Historic Syndicated Social Loan Facility Of Up To  CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’, or the ‘Company’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has signed a historic syndicated social loan facility of up to USD 200 million, qualifying as ECB under the automatic route of the RBI. The Company has received USD 160 million in commitments to date, along with a green-shoe option to...
CreditAccess Grameen Signs A Historic Syndicated Social Loan Facility Of Up To
CreditAccess Grameen Signs A Historic Syndicated Social Loan Facility Of Up To
Source: PR Agency
27/06/2023 2:40:00 PM
CreditAccess Grameen gains on inking historic syndicated social loan facility of up to $200 million CreditAccess Grameen is currently trading at Rs. 1343.00, up by 17.85 points or 1.35% from its previous closing of Rs. 1325.15 on the BSE. The scrip opened at Rs. 1325.15 and has touched a high and low of Rs. 1376.95 and Rs. 1325.15 respectively. So far 6336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1397.65 on 23-Jun-2023 and a 52 week low of Rs. 834.10 on 31-Jan-2023. Last one week high and low of the sc...
CreditAccess Grameen gains on inking historic syndicated social loan facility of up to $200 million
CreditAccess Grameen gains on inking historic syndicated social loan facility of up to $200 million
Source: Accord Fintech
27/06/2023 1:40:54 PM
Buy CreditAccess Grameen Ltd For Target Rs.1420 - JM Financial Institutional Securities Ltd CREDAG reported strong beat on estimates with PAT at INR 3.0bn (+86% YoY; +25% vs JMFe) driven by a) strong NII growth (+34% YoY, +15% QoQ) with 30bps QoQ expansion in NIMs to 12.2%, b) continued momentum in disbursements (+24% QoQ) and customer additions (0.25mn net customer additions) resulting in a strong AUM growth (+26% YoY, +18% QoQ) and c) continued improvement in asset quality metrics (PAR0+ down 70bps QoQ to 1.5%). Management highlighted that they expect the growth momentum to sustai...
Buy CreditAccess Grameen Ltd For Target Rs.1420 - JM Financial Institutional Securities Ltd
Buy CreditAccess Grameen Ltd For Target Rs.1420 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
29/05/2023 2:58:52 PM
Buy CreditAccess Grameen Ltd For Target Rs.1375 by Yes Securities Ltd Delivers a robust performance; outlook is strong too CREDAG delivered NII/PPOP/PAT beat of 2%/8%/4% on our estimates underpinned by lower funding cost, higher assignment income and controlled opex. The growth while being robust remains guided by strong customer addition, prudent ticket/tenor policies, regional portfolio diversification, improving distribution productivity and strengthening asset quality. The company expects 24-25% GLP growth, 1.6-1.8% credit cost and 4.7-4.9%/20-21% RoA/Ro...
Buy CreditAccess Grameen Ltd For Target Rs.1375 by Yes Securities Ltd
Buy CreditAccess Grameen Ltd For Target Rs.1375 by Yes Securities Ltd
Source: Yes Securities
27/05/2023 11:05:47 AM
Q4FY22-23 results from CreditAccess Grameen Limited CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), today announced its audited financial performance for the fourth quarter and financial year ending 31 March 2023. Business Highlights: Q4 FY23 GLP grew by...
Q4FY22-23 results from CreditAccess Grameen Limited
Q4FY22-23 results from CreditAccess Grameen Limited
Source: PR Agency
17/05/2023 12:44:09 PM
CreditAccess Grameen zooms on reporting 86% rise in Q4 consolidated net profit CreditAccess Grameen is currently trading at Rs. 1152.85, up by 65.45 points or 6.02% from its previous closing of Rs. 1087.40 on the BSE. The scrip opened at Rs. 1129.95 and has touched a high and low of Rs. 1183.00 and Rs. 1123.40 respectively. So far 44302 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1183.00 on 17-May-2022 and a 52 week low of Rs. 834.10 on 31-Jan-2023. Last one week high and low of the s...
CreditAccess Grameen zooms on reporting 86% rise in Q4 consolidated net profit
CreditAccess Grameen zooms on reporting 86% rise in Q4 consolidated net profit
Source: Accord Fintech
17/05/2023 11:50:36 AM
Buy CreditAccess Grameen Ltd For Target Rs.1097 by Sushil Finance Ltd We have coverage on Creditaccess Grameen Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1090 today. With the recent run-up in the share price (20% return), we are now changing our rating on the stock to Neutral and recommend our investors to book profits.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer Member : BSE/ NSE/ MSEI. SEBI Registr...
Buy CreditAccess Grameen Ltd For Target Rs.1097 by Sushil Finance Ltd
Buy CreditAccess Grameen Ltd For Target Rs.1097 by Sushil Finance Ltd
Source: Sushil Finance Ltd
16/05/2023 12:34:33 PM
CreditAccess Grameen gains after its AUM rises 27% in Q4FY23 CreditAccess Grameen is currently trading at Rs. 960.25, up by 5.95 points or 0.62% from its previous closing of Rs. 954.30 on the BSE. The scrip opened at Rs. 961.05 and has touched a high and low of Rs. 1042.10 and Rs. 960.00 respectively. So far 36648 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1154.35 on 02-Jun-2022 and a 52 week low of Rs. 834.10 on 31-Jan-2023. Last one week high and low of the scrip ...
CreditAccess Grameen gains after its AUM rises 27% in Q4FY23
CreditAccess Grameen gains after its AUM rises 27% in Q4FY23
Source: Accord Fintech
10/04/2023 4:58:12 PM
CreditAccess Grameen Limited: Rating upgraded and Reaffirmed; Rated amount enhanced Summary of rating action Rationale The rating action considers the improvement in CreditAccess Grameen Limited’s (CA Grameen) asset quality and earnings performance in 9M FY2023. The consolidated’ 0+days past due (dpd) and 90+dpd improved to 2.2% and 1.3%, respectively, as of December 2022 from 3.1% and 1.7%, respectively, as of September 2022 and 4.9% and 2.7%, respectively, as of March 2022 (12.8% and 5.8% respectively as of September 2021 and 6.8% and 3.3%, respective...
CreditAccess Grameen Limited: Rating upgraded and Reaffirmed; Rated amount enhanced
CreditAccess Grameen Limited: Rating upgraded and Reaffirmed; Rated amount enhanced
Source: PR Agency
29/03/2023 2:59:32 PM
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn According to Lotusdew Wealth, a smallcase manager, the public sector banks have the liquidity capacity to provide credit value at USD 100 billion. As of March 2022, cash and balances with RBI for Public Sector Banks are at USD 70 billion (Rs. 6.22 lakh cr.) when compared to USD 60 billion (Rs. 5.4 lakh cr.) as of March 2021. For Private Banks, cash and balances with RBI stood at USD 45 billion (Rs. 3.93 lakh cr. ) vs USD 35 billion (Rs. 2.9 lakh cr.) (YoY). This indicates that cash and balanc...
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Indian PSBs well positioned to provide credit in the range of USD 60 bn to USD 100 bn
Source: PR Agency
21/02/2023 3:01:08 PM
Buy CreditAccess Grameen Ltd For Target Rs.1270 - Yes Securities On-track for stronger performances ahead CREDAG delivered an in-line PAT in Q3 FY23, that reflected stronger GLP growth, higher NII/PPOP and still elevated credit cost. The texture of disbursements remains enthusing, with accelerating pace of new borrower addition (significant new-to-credit within) mainly in newer markets and loan ticket/exposure per borrower under check. The co. delivered RoA/RoE of 4.6%/18.8% (material improvement over Q2 FY23), despite continuance of significant write-o...
Buy CreditAccess Grameen Ltd For Target Rs.1270 - Yes Securities
Buy CreditAccess Grameen Ltd For Target Rs.1270 - Yes Securities
Source: Yes Securities Ltd
8/02/2023 2:55:04 PM
CreditAccess Grameen moves higher on reporting 85% rise in Q3 consolidated net profit CreditAccess Grameen is currently trading at Rs. 957.20, up by 56.10 points or 6.23% from its previous closing of Rs. 901.10 on the BSE. The scrip opened at Rs. 941.00 and has touched a high and low of Rs. 987.30 and Rs. 941.00 respectively. So far 26796 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1154.35 on 02-Jun-2022 and a 52 week low of Rs. 645.75 on 07-Mar-2022. Last one week high and low of the scrip ...
CreditAccess Grameen moves higher on reporting 85% rise in Q3 consolidated net profit
CreditAccess Grameen moves higher on reporting 85% rise in Q3 consolidated net profit
Source: Accord Fintech
8/02/2023 11:04:19 AM
CreditAccess Grameen rises on partnering with Scienaptic AI CreditAccess Grameen is currently trading at Rs. 872.90, up by 4.55 points or 0.52% from its previous closing of Rs. 868.35 on the BSE. The scrip opened at Rs. 872.00 and has touched a high and low of Rs. 875.00 and Rs. 870.15 respectively. So far 475 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1154.35 on 02-Jun-2022 and a 52 week low of Rs. 573.50 on 27-Jan-2022. Last one week high and low of the scrip sto...
CreditAccess Grameen rises on partnering with Scienaptic AI
CreditAccess Grameen rises on partnering with Scienaptic AI
Source: Accord Fintech
17/01/2023 11:58:25 AM
CreditAccessGrameen Limited NCDs Base Issue fully subscribed in the early hours of its opening Mumbai: CreditAccessGrameen Limited (“Company”) a Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) offering collateral-free loans to women with an annual household income of Rs. 3,00,000 with the primary focus to provide income generation loans, public issue of secured, redeemable, non-convertible debentures (NCDs) has been oversubscribed in the early hours of its opening. The issue has a face value of Rs. 1,000 each. The base issue size is Rs. 250 crore with ...
CreditAccessGrameen Limited NCDs Base Issue fully subscribed in the early hours of its opening
CreditAccessGrameen Limited NCDs Base Issue fully subscribed in the early hours of its opening
Source: PR Agency
14/11/2022 3:22:19 PM
India's CreditAccess Grameen to raise $150 million via ECBs, says MD  India's CreditAccess Grameen is planning to raise $150 million through external commercial borrowing (ECB) in the next six months, the microfinance lender's managing director and chief executive officer, Udaya Kumar, said on Wednesday. The lender is in talks with foreign banks and development finance institutions but expects to raise the funds only in three to six months as hedging and foreign currency pricing are volatile currently, Kumar said. The company has already rai...
India's CreditAccess Grameen to raise $150 million via ECBs, says MD
India's CreditAccess Grameen to raise $150 million via ECBs, says MD
Source: Reuters
9/11/2022 4:35:01 PM
CreditAccess Grameen Q2 net profit zooms 120.46% at Rs 158.71 cr The company reported standalone net profit of Rs 158.71 crore for the quarter ended September 30, 2022 as compared to Rs 71.99 crore in the same period last year, registering a year-on-year growth of 120.46 per cent. Net revenue of the company rose substantially by 31.68 per cent at Rs 671.43 crore in July-September quarter of this fiscal as against Rs 509.91 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 5.57 per cent to Rs 236....
CreditAccess Grameen Q2 net profit zooms 120.46% at Rs 158.71 cr
CreditAccess Grameen Q2 net profit zooms 120.46% at Rs 158.71 cr
Source: Dion Global Solutions Ltd
25/10/2022 4:06:33 PM
Buy CreditAccess Grameen Ltd For Target Rs.1300 - Yes Securities An in-line quarter; growth/profitability to pick up Lower disbursements in Q1 were baked in the annual 24-25% GLP growth guidance CREDAG’s Q1 FY23 performance was on the expected lines as the business growth was impacted by process transition from implementation of RBI’s recent MFI guidelines even as collections expectedly remained firm. Consolidated disbursements were much lower compared to Q4 FY22 (5% ahead of our estimate though) due to system/process changes and large-sc...
Buy CreditAccess Grameen Ltd For Target Rs.1300 - Yes Securities
Buy CreditAccess Grameen Ltd For Target Rs.1300 - Yes Securities
Source: Yes Securities Ltd
9/09/2022 2:43:45 PM
Buy CreditAccess Grameen Ltd For Target Rs.1,300 - ICICI Securities Business resiliency and agility reflect in FY22 financial performance CA Grameen’s FY22 annual report provides detailed insights on how the company has ‘Stood the Test of Time and Trust’. Despite repetitive covid waves, it delivered >2% RoA and >9% RoE. Superior management execution also reflects in it completing the integration process of Madura Micro Finance Limited (MMFL) in Sep21 and by March’22, ~65% of MMFL’s AUM was serviced as per CA Grameen&rsqu...
Buy CreditAccess Grameen Ltd For Target Rs.1,300 - ICICI Securities
Buy CreditAccess Grameen Ltd For Target Rs.1,300 - ICICI Securities
Source: ICICI Securities Ltd
6/07/2022 12:46:17 PM
India Ratings upgrades ratings of CreditAccess Grameen CreditAccess Grameen (CA Grameen) said that India Ratings and Research has upgraded its rating on the debt instruments of the company to 'IND AA-'/ Stable. India Ratings said that the upgrade factors in CA Grameen's improved geographical diversification, the ability to manage asset quality as demonstrated during the pandemic and other systemic events in the past few years, and the tailwinds of a supportive regulatory environment. The rating also factors in the company's ind...
India Ratings upgrades ratings of CreditAccess Grameen
India Ratings upgrades ratings of CreditAccess Grameen
Source: Dion Global Solutions Ltd
30/06/2022 2:11:08 PM
Buy CreditAccess Grameen Ltd For Target Rs.1170 - Yes Securities Stable environment to drive higher RoE Our view CREDAG delivered a strong performance on earnings front enabled by further acceleration in growth (disbursements up 23% qoq/yoy and GLP up 13% qoq/22% yoy) and lower-than-estimated credit cost (Rs1.51bn v/s estimated Rs1.84bn). Higher writeoffs Rs2.94bn (1.8% of GLP; Rs1.9bn in Q3) and further improvement in collection efficiency (at both CA Grameen and MMFL) through the quarter caused a decline in GNPLs (largely 60+ dpd) to 3.6% and PAR 9...
Buy CreditAccess Grameen Ltd For Target Rs.1170 - Yes Securities
Buy CreditAccess Grameen Ltd For Target Rs.1170 - Yes Securities
Source: Yes Securities Ltd
16/05/2022 11:56:20 AM
Buy CreditAccess Grameen Ltd For Target Rs.729 - Sushil Finance We had initiated coverage on CreditAccess Grameen Ltd. with a BUY rating on Feb.08 2021 at Rs.729 for a target price of Rs.898 showcasing an upside of ~23%. With the recent run-up in the share price and considering the volatility in the market, we recommend our investors to book profits at the current price as we close our coverage on the company. At CMP of Rs.890, the stock has generated ~22% returns from our initiating recommendation.   To Read Complete Report & Disclai...
Buy CreditAccess Grameen Ltd For Target Rs.729 - Sushil Finance
Buy CreditAccess Grameen Ltd For Target Rs.729 - Sushil Finance
Source: Sushil Finance Ltd
9/04/2022 11:25:07 AM
CreditAccess Grameen trades higher on getting nod to raise Rs 5,000 crore via debt CreditAccess Grameen is currently trading at Rs. 734.15, up by 6.50 points or 0.89% from its previous closing of Rs. 727.65 on the BSE. The scrip opened at Rs. 739.00 and has touched a high and low of Rs. 749.95 and Rs. 731.00 respectively. So far 4625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 807.55 on 15-Jun-2021 and a 52 week low of Rs. 495.30 on 01-Dec-2021. Last one week high and low of the scrip sto...
CreditAccess Grameen trades higher on getting nod to raise Rs 5,000 crore via debt
CreditAccess Grameen trades higher on getting nod to raise Rs 5,000 crore via debt
Source: Accord Fintech
17/02/2022 11:53:08 AM
Buy CreditAccess Grameen Ltd Target Rs.898 - Sushil Finance Key Highlights of Q3FY22 Results * Gross NPA (@ 60 +Days Per Due(dpd)) stood at 6.02% as compared to 7.67% in the last quarter. Collection efficiency for the standalone (excl arrears) improved from 93.3% in Q2FY22 to 95.6% in Jan-22, due to relaxation of lock-down rules, resulting in the better collection. In the current quarter, the company wrote-off loans to the tune of Rs.190cr and recovered bad debts of Rs.29.2 cr. The company had aggressively written off accounts with 180 days due and...
Buy CreditAccess Grameen Ltd Target Rs.898 - Sushil Finance
Buy CreditAccess Grameen Ltd Target Rs.898 - Sushil Finance
Source: Sushil Finance Ltd
11/02/2022 9:51:07 AM
CreditAccess Grameen zooms on turning black in Q3 CreditAccess Grameen is currently trading at Rs. 722.15, up by 66.50 points or 10.14% from its previous closing of Rs. 655.65 on the BSE. The scrip opened at Rs. 675.00 and has touched a high and low of Rs. 786.75 and Rs. 675.00 respectively. So far 39580 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 807.55 on 15-Jun-2021 and a 52 week low of Rs. 495.30 on 01-Dec-2021. Last one week high and low of the scrip ...
CreditAccess Grameen zooms on turning black in Q3
CreditAccess Grameen zooms on turning black in Q3
Source: Accord Fintech
7/02/2022 11:21:47 AM
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities Vision 2025: Aims at business diversification; to become more agile, predictable and sustainable CA Grameen’s journey from being a project under T Muniswamappa Trust (TMT) in 1999, an NGO in South Bangalore, to becoming the largest NBFC-MFI in India as on Sep’21 with consolidated AUM of Rs133bn and borrower base of 3.75mn is testimony of its resilient business model. It has been successfully navigating many challenging events like AP crisis, demonetisation and two covid waves. ...
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities
Source: ICICI Securities Ltd
1/01/2022 10:36:42 AM
CreditAccess Grameen soars on getting nod for further investment in Madura Micro Finance CreditAccess Grameen is currently trading at Rs. 644.30, up by 21.25 points or 3.41% from its previous closing of Rs. 623.05 on the BSE. The scrip opened at Rs. 623.75 and has touched a high and low of Rs. 660.05 and Rs. 621.95 respectively. So far 2894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 810.00 on 11-Jan-2021 and a 52 week low of Rs. 495.30 on 01-Dec-2021. Last one week high and low of the scrip st...
CreditAccess Grameen soars on getting nod for further investment in Madura Micro Finance
CreditAccess Grameen soars on getting nod for further investment in Madura Micro Finance
Source: Accord Fintech
22/12/2021 11:20:43 AM
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities Higher write offs led to elevated provisioning; stressed asset formation subsiding materially CreditAccess Grameen (CAGL) continued to show improving trend in earnings trajectory as Q2FY22 consolidated earnings grew 2x QoQ to Rs597mn driven by strong NII growth at 6% QoQ and sequentially lower provisions at Rs1.4bn vs Rs1.9n in Q1FY22. Notably, with improving collections and subsiding stressed asset formation, CAGL continued to invest in growth – added >900 people and >120 bran...
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities
Buy CreditAccess Grameen Ltd For Target Rs.730 - ICICI Securities
Source: ICICI Securities Ltd
17/12/2021 11:34:36 AM
Buy CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance CreditAccess Grameen recently announced its performance for the quarter ended September 30, 2021. Following are the key highlights. Key Highlights of Q2FY22 Results * Gross NPA (@ 60 +Days Per Due(dpd)) stood at 7.67% as compared to 7.56% in the last quarter. Collection efficiency for the standalone (excl arrears) improved from 87% on Q1FY22 to 94.3% in October-21, due to relaxation of lock-down rules, resulting in the better collection. The company expects the collection to improve eve...
Buy CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance
Buy CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance
Source: Sushil Finance Ltd
17/11/2021 11:10:29 AM
Update On CreditAccess Grameen Ltd By HDFC Securities Our take CreditAccess Grameen Ltd. is one of the largest NBFC-MFI accounting for 5.24% market share on consolidated basis as on Mar-21. The company has strong competitive advantages with resilient business model, robust balance sheet, expanded scale and presence post MMFL acquisition and deep rural presence with 40-45% of incremental customers being new to credit. The company has well diversified borrowing profile and has enough capital to fund the loan growth and strategy of aggressive...
Update On CreditAccess Grameen Ltd By HDFC Securities
Update On CreditAccess Grameen Ltd By HDFC Securities
Source: HDFC Securities
8/09/2021 12:42:39 PM
Small Cap : Buy CreditAccess Grameen Ltd For Target Rs.775 - Geojit Financial Maintaining our positive outlook CreditAccess Grameen Limited (CAGL) is one of the leading Microfinance NBFCs in India with high focus on Group lending and Retail finance with majority of its operations in South India. * Gross Loan Portfolio (GLP) declined 7% on sequential basis to Rs.12,664cr as disbursement took a hit during the quarter due to lockdown and restrictions. * Disbursement for the quarter de-grew by 77% QoQ while it reached pre-covid levels during July. * Though coll...
Small Cap : Buy CreditAccess Grameen Ltd For Target Rs.775 - Geojit Financial
Small Cap : Buy CreditAccess Grameen Ltd For Target Rs.775 - Geojit Financial
Source: Geojit Financial Services Ltd
26/08/2021 9:14:13 AM
Hold CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance CreditAccess Grameen Q1FY22 results were impacted on account of lower NIM and poor asset quality, however, collection efficiency have started to improve in July 2021.   Key Highlights of Q1FY22 Results * Gross NPA (@ 60 +DPD) stood at 7.56% as compared to 4.43% in the last quarter. Collection efficiency for CA Grameen (excl arrears) declined from 94% on March 21 to 87% in June-21, primarily on account of the inability of field force to meet customers and certain customers holdin...
Hold CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance
Hold CreditAccess Grameen Ltd For Target Rs.731 - Sushil Finance
Source: Sushil Finance Ltd
25/08/2021 9:17:12 AM
Buy CreditAccess Grameen Ltd For Target Rs.800 - Yes Securities Our view – ‘Second wave credit cost to be fully absorbed by Q2 FY22; valuation discounts third wave to some extent’    As was expected, the second wave had significant impact on CREDAG’s Q1 FY22 performance. Consolidated AUM declined by 7% qoq on much lower disbursements (Rs10.7bn v/s Rs47.3bn in Q4 FY21). Interest reversal of Rs210mn and higher average liquidity carry impacted NII (11% below estimate).   In CREDAG’s stand‐alone por...
Buy CreditAccess Grameen Ltd For Target Rs.800 - Yes Securities
Buy CreditAccess Grameen Ltd For Target Rs.800 - Yes Securities
Source: Yes Securities Ltd
12/08/2021 9:52:07 AM
Buy CreditAccess Grameen Ltd For Target Rs.765 - ICICI Securities Precautionary provisions impacted earnings; current valuation captures near-term concerns E CreditAccess Grameen’s (CAGL) Q4FY21 financial performance must be seen with respect to the management’s precautionary stance – writing-off loans worth Rs2.8bn, recognising the entire restructuring pool of Rs0.7bn (0.7% of loans) as stage 3 & providing ~70% on that pool and creating covid buffer of ~Rs1.1bn (0.9% of loans) to cushion earnings from the adverse impact of the seco...
Buy CreditAccess Grameen Ltd For Target Rs.765 - ICICI Securities
Buy CreditAccess Grameen Ltd For Target Rs.765 - ICICI Securities
Source: ICICI Securities Ltd
3/06/2021 12:17:23 PM
Buy CreditAccess Grameen Ltd For Target Rs.834 - Sushil Finance Key Highlights of Q4FY21 Results * Consolidated gross loan portfolio increased by 13% yoy to Rs.13,587 crores. adjusting for the accelerated write-off of Rs 273 crores, the gross loan portfolio would have been grown by 16% Y-o-Y to Rs.13,860 crores. Consolidated costumer base declined from 40.54 lakhs to 39.12 lakhs primarily due to write-off. Disbursement was up 42% yoy and 3% qoq at Rs.4,726 crores, with new disbursement at over 69% of the overall portfolio. * On P&L front, NII gr...
Buy CreditAccess Grameen Ltd For Target Rs.834 - Sushil Finance
Buy CreditAccess Grameen Ltd For Target Rs.834 - Sushil Finance
Source: Sushil Finance Ltd
15/05/2021 11:07:49 AM
Mid Cap : Buy CreditAccess Grameen Ltd For Target Rs. 767 - Geojit Financial Healthy quarter; Prudent asset quality management CreditAccess Grameen Limited (CAGL) is one of the leading Microfinance NBFCs in India with high focus on Group lending and Retail finance with majority of its operations in South India. * Gross Loan Portfolio grew to Rs 13,587cr (13%YoY) supported by 15% growth in standalone entity and 7% growth in its subsidiary Madura microfinance. * Disbursement for the quarter grew at 42% YoY and 3% QoQ to Rs 4726cr. * Gradual pickup in collect...
Mid Cap : Buy CreditAccess Grameen Ltd For Target Rs. 767 - Geojit Financial
Mid Cap : Buy CreditAccess Grameen Ltd For Target Rs. 767 - Geojit Financial
Source: Geojit Financial Services Ltd
11/05/2021 12:30:06 PM
CreditAccess Grameen Q4 net profit zooms 216.83% at Rs 72.27 cr The company reported standalone net profit of Rs 72.27 crore for the quarter ended March 31, 2021 as compared to Rs 22.81 crore in the same period last year, registering a year-on-year growth of 216.83 per cent. Net revenue of the company rose substantially by 31.71 per cent at Rs 607.10 crore in January-March quarter of this fiscal as against Rs 460.92 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 22.62 per cent to Rs 316.97 cro...
CreditAccess Grameen Q4 net profit zooms 216.83% at Rs 72.27 cr
CreditAccess Grameen Q4 net profit zooms 216.83% at Rs 72.27 cr
Source: Dion Global Solutions Ltd
7/05/2021 10:47:15 AM
Buy CreditAccess Grameen Ltd For Target Rs. 850 - Yes Securities Result Highlights CREDAG’s performance in Q4 FY21 was stronger than expectations, adjusted for:   * Provisions related to accelerated write‐offs (3%/2% of GLP for CAGL/MMFL),   * Management overlay created for second wave (1%/0.4% of GLP for CAGL/MMFL) * Merger/alignment driven additional costs (employee exp. and provisioning) in MMFL. Acceleration in new borrower addition drove a robust consol. AUM growth of 10% qoq and 13% yoy (despite write‐offs), and NII...
Buy CreditAccess Grameen Ltd For Target Rs. 850 - Yes Securities
Buy CreditAccess Grameen Ltd For Target Rs. 850 - Yes Securities
Source: Yes Securities Ltd
7/05/2021 9:16:59 AM
CreditAccess Grameen moves up on raising Rs 50 crore through NCDs CreditAccess Grameen is currently trading at Rs. 670.15, up by 5.25 points or 0.79% from its previous closing of Rs. 664.90 on the BSE. The scrip opened at Rs. 660.10 and has touched a high and low of Rs. 678.70 and Rs. 660.10 respectively. So far 2347 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.00 on 01-Dec-2020 and a 52 week low of Rs. 305.75 on 07-Apr-2020. Last one week high and low of the scrip sto...
CreditAccess Grameen moves up on raising Rs 50 crore through NCDs
CreditAccess Grameen moves up on raising Rs 50 crore through NCDs
Source: Accord Fintech
26/03/2021 12:22:05 PM
Buy CreditAccess Grameen Ltd For Target Rs.733 - HDFC Securities Our Take:   The microfinance industry was hit hard due to the pandemic. They had faced many challenges as the collection efficiency dropped drastically, but with gradual pickup in economic activities things are improving. CreditAccess MNC parentage with long standing experience in micro- lending across Asia has enabled strong liquidity profile and adequate capital buffer. Promoter has provided capital funding to CAG from time to time and provides access to potential fundraising op...
Buy CreditAccess Grameen Ltd For Target Rs.733 - HDFC Securities
Buy CreditAccess Grameen Ltd For Target Rs.733 - HDFC Securities
Source: HDFC Securities Ltd
26/03/2021 11:53:34 AM
Buy CreditAccess Grameen Ltd For Target Rs.814 - HDFC Securities Micro-credit stress playing out At a consolidated level, CREDAG reported a net loss, on the back of a sharp rise in provisions. While disbursals saw a sharp uptick and the improvement in collection efficiency sustained (~91% excluding arrears in December), the manifestation of sticky back-book stress (implied PAR 60 of ~14% on the portfolio that is more than 6 months old) was also evident. However, at a consolidated level, CREDAG held an ECL cover of ~5.7% of loans, vs. overall GS-III of 6...
Buy CreditAccess Grameen Ltd For Target Rs.814 - HDFC Securities
Buy CreditAccess Grameen Ltd For Target Rs.814 - HDFC Securities
Source: HDFC Securities Ltd
6/03/2021 12:10:11 PM