CREDITACCESS GRAMEEN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,380 INR | -1.58% |
|
-3.80% | -13.56% |
| 09/05 | Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,650 From INR1,625, Keeps at Buy | MT |
| 07/05 | Transcript : CreditAccess Grameen Limited, Q4 2024 Earnings Call, May 07, 2024 |
Valuation
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,04,357 | 1,32,440 | 1,45,431 | 2,19,905 | - | - |
| Enterprise Value (EV) 1 | 1,04,357 | 1,32,440 | 1,45,431 | 2,29,673 | 2,19,905 | 2,19,905 |
| P/E ratio | 75.4 x | 36.6 x | 17.7 x | 15.9 x | 12.7 x | 10.6 x |
| Yield | - | - | - | 0.23% | 0.83% | 0.7% |
| Capitalization / Revenue | 6.81 x | 7.5 x | 6.22 x | 6.68 x | 5.14 x | 4.29 x |
| EV / Revenue | 6.81 x | 7.5 x | 6.22 x | 6.68 x | 5.14 x | 4.29 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - |
| Price to Book | 2.83 x | 3.36 x | 2.85 x | 3.36 x | 2.66 x | 2.14 x |
| Nbr of stocks (in thousands) | 1,55,582 | 1,55,866 | 1,58,906 | 1,59,340 | - | - |
| Reference price 2 | 670.8 | 849.7 | 915.2 | 1,380 | 1,380 | 1,380 |
| Announcement Date | 06/05/21 | 12/05/22 | 16/05/23 | 07/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 15,320 | 17,660 | 23,379 | 34,402 | 42,796 | 51,234 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | 9,518 | 10,775 | 15,082 | 23,948 | 29,728 | 35,390 |
| Operating Margin | 62.13% | 61.01% | 64.51% | 69.61% | 69.46% | 69.07% |
| Earnings before Tax (EBT) 1 | 1,804 | 4,808 | 11,054 | 19,392 | 23,130 | 27,680 |
| Net income 1 | 1,340 | 3,630 | 8,261 | 14,459 | 17,274 | 20,627 |
| Net margin | 8.75% | 20.56% | 35.33% | 42.03% | 40.36% | 40.26% |
| EPS 2 | 8.900 | 23.22 | 51.82 | 90.41 | 108.6 | 129.9 |
| Free Cash Flow | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | 3.200 | 11.50 | 9.667 |
| Announcement Date | 06/05/21 | 12/05/22 | 16/05/23 | 07/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | 4,798 | 5,390 | 5,937 | 7,206 | - | 7,758 | 8,458 | 9,368 | 9,877 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,703 | 3,291 | 2,164 | 2,187 | 2,735 | 3,688 | 2,897 | 3,343 | 3,795 | 5,046 | 5,438 | 5,291 | 5,776 | 6,596 | 6,930 |
| Operating Margin | - | - | - | - | - | - | 60.38% | 62.02% | 63.92% | 70.03% | - | 68.2% | 68.3% | 70.41% | 70.16% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 2,178 | 1,888 | 1,761 | 2,900 | 3,976 | 4,674 | 4,300 | 4,637 | 5,242 | - |
| Net income 1 | - | - | - | - | - | 1,571 | 1,379 | 1,762 | 2,168 | 2,966 | 3,485 | 3,410 | 3,563 | 3,875 | 4,012 |
| Net margin | - | - | - | - | - | - | 28.74% | 32.68% | 36.51% | 41.16% | - | 43.95% | 42.13% | 41.36% | 40.62% |
| EPS 2 | - | - | - | - | - | - | 8.800 | 10.97 | 13.53 | - | 21.80 | 21.20 | 22.30 | 24.40 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 29/01/21 | 06/05/21 | 11/08/21 | 09/11/21 | 04/02/22 | 12/05/22 | 29/07/22 | 21/10/22 | 07/02/23 | 16/05/23 | 21/07/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 4.17% | 9.47% | 17.8% | 24.4% | 23.4% | 22.3% |
| ROA (Net income/ Total Assets) | 0.97% | 2.24% | 4.2% | 5.63% | 5.35% | 5.25% |
| Assets 1 | 1,38,250 | 1,62,274 | 1,96,700 | 2,52,619 | 3,23,010 | 3,93,044 |
| Book Value Per Share 2 | 237.0 | 253.0 | 321.0 | 410.0 | 518.0 | 645.0 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 06/05/21 | 12/05/22 | 16/05/23 | 07/05/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
1,380
INR
Average target price
1,815
INR
Spread / Average Target
+31.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.56% | 2.68B | |
| -8.72% | 1.04B | |
| -19.37% | 560M | |
| -12.38% | 449M | |
| +0.65% | 318M | |
| +15.09% | 123M | |
| +20.82% | 87.24M |
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