close

CreditAccess Grameen Ltd

Know More
NSEBSE

1319.00-29.50 (-2.19%)

15:59 PM,21st Sep 2023

1317.35-22.60 (-1.69%)

16:01 PM,21st Sep 2023

BSE : 541770

NSE : CREDITACC

Sector : Financials

ISIN Code : INE741K01010

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Sep 21 2023 | 04:01 PM IST

Market Cap (₹ Cr)

20630

Turnover (₹ Cr)

2.04

Volume (Shares)

154518

Face Value

10

52-WK High

1502.00

52-WK High Date

01 Aug 2023

52-WK Low

834.10

52-WK Low Date

31 Jan 2023

All Time High

1502.00

All Time High Date

01 Aug 2023

All Time Low

242.05

All Time Low Date

26 Oct 2018

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 1786 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. 8000 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.

CreditAccess Grameen Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

20630

EPS - TTM (₹) [S]

63.88

P/E Ratio (X) [S]

4.04

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]326.39
P/B Ratio (₹) [S]4.04
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
AXIS Strategic Bond Fund - Direct (IDCW-H) 24.92 250000 1.26
AXIS Strategic Bond Fund - Direct (IDCW-Q) 24.92 250000 1.26
AXIS Strategic Bond Fund (G) 24.92 250000 1.26
AXIS Strategic Bond Fund (IDCW-H) 24.92 250000 1.26
AXIS Strategic Bond Fund - Direct (G) 24.92 250000 1.26
AXIS Strategic Bond Fund (IDCW-Q) 24.92 250000 1.26
AXIS Strategic Bond Fund - Direct (IDCW-H) 24.05 240000 1.22
AXIS Strategic Bond Fund - Direct (IDCW-Q) 24.05 240000 1.22
AXIS Strategic Bond Fund - Direct (G) 24.05 240000 1.22
AXIS Strategic Bond Fund (IDCW-H) 24.05 240000 1.22

Load more

Research Reports

Date BrokerActionPrices(Rs)Report
07-07-2022ICICI Securities Buy 1059

Stock Strength

Today's Low/High

1315.05

1363.95

Week Low/High

1310.05

1435.00

Month Low/High

1310.05

1495.00

Year Low/High

834.10

1502.00

All time Low/High

245.75

1502.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-6.33%-6.36%-1.91-1.79%
1 Month-5.56%-5.72%1.561.80%
3 Month0.37%0.35%4.264.70%
6 Month38.82%38.81%14.0415.40%
1 Year32.27%32.12%11.3911.42%
3 Year89.77%89.80%74.1375.48%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
30-06-2023BNP PARIBAS ARBITRAGENSEBUY12163401245.76
30-06-2023CANARA ROBECO MUTUAL FUND EMERGING EQUITYNSEBUY11800001245.01
30-06-2023CREDITACCESS INDIA B.V.NSESELL90000001245.88
30-06-2023PLUTUS WEALTH MANAGEMENT LLPNSEBUY10230001245.00
17-10-2022ISHARES CORE EMERGING MARKETS MAURITIUS COBSESELL113604977.15
17-10-2022ISHARES CORE MSCI EMERGING MARKETS ETFBSEBUY113604977.15
17-10-2022ISHARES INDIA SC MAURITIUS COMPANYBSESELL16347977.15
17-10-2022ISHARES MSCI INDIA SMALL-CAP ETFBSEBUY16347977.15
11-10-2022ISHARES CORE EMERGING MARKETS MAURITIUS COBSESELL109546995.65
11-10-2022ISHARES CORE MSCI EMERGING MARKETS ETFBSEBUY109546995.65

Load More

Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter66.77
Financial Institutions Banks0.00
Foreign Institutional Investors9.56
Insurance Companies1.50
Mutual Funds Uti10.27
Other Institutional Investors0.13
Indian Public4.57
Others Non Institutional Investors7.20
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
Data Not Found

Price History

Search for Price History

DateOpenHighLowCloseSharesTrades
Data Not Found

Load more

Company Info

Company Information

Vice Chairman (Non-executive) : Paolo Brichetti

Registered Office: New No 49 (O No 725) 46th Cros, 8th Block Jayanagar,Bangalore,Karnataka-560071 Ph: 91-80-22637300

Email:csinvestors@grameenkoota.org

URL:http://www.creditaccessgrameen.in