CreditAccess Grameen Ltd. (CREDITACC) AI Stock Analysis

• Market Cap: ₹212.06B
• Dividend Yield: 0.77%
• Average Volume (3M): 10.87K
• Price to Earnings (P/E): 41.8
• Beta (1Y): 1.08
• Revenue Growth: 0.75%
• EPS Growth: -90.03%
• Country: IN
• Employees: 19,395
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 15.70
• Shares Outstanding: 160,114,290
• 10 Day Avg. Volume: 9,672
• 30 Day Avg. Volume: 10,870
• PEG Ratio: -0.46
• Price to Book (P/B): 2.22
• Price to Sales (P/S): 2.79
• P/FCF Ratio: 14.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹1,494.00 ▲(12.10% Upside)

The score is held back primarily by weak cash flow and high leverage alongside recent revenue decline (financial performance), partially offset by strong technical uptrend signals. Valuation is a notable headwind due to the high P/E and low dividend yield.

Positive Factors

Focused microfinance franchise

A focused microfinance model targeting rural women creates durable client stickiness and deep local penetration. This specialization supports predictable loan demand, lower marketing costs, and cross-sell of savings/insurance, underpinning sustainable cash flows and value creation over months.

Strong operating margins

Consistently positive gross/net margins and healthy EBIT/EBITDA indicate operational efficiency and pricing power in lending. Margin strength provides a buffer against credit cost fluctuations and supports reinvestment in branch expansion and technology over the medium term.

Improving equity ratio

An improving equity ratio strengthens the capital base, reducing solvency risk and enhancing capacity to absorb loan losses. A firmer equity position improves funding flexibility and regulatory resilience, supporting steady lending growth and portfolio stability over the coming quarters.

Negative Factors

High leverage

Elevated debt levels raise refinancing and interest-rate risks for a lending-focused firm. High leverage can constrain balance-sheet flexibility, increase funding costs, and amplify stress if asset quality deteriorates, posing a sustained headwind to capital deployment and growth plans.

Weak cash generation

Persistent negative free cash flow forces reliance on external funding for loan growth and debt servicing. Poor conversion of income to cash reduces ability to deleverage, invest in distribution, or withstand credit shocks, making the business more vulnerable over multiple quarters.

Recent revenue decline

A recent drop in total revenue undermines growth momentum and may signal pressure on client acquisition, portfolio yields, or collections. Combined with weak cash flow and high leverage, revenue declines can limit reinvestment and slow sustainable lending expansion in the medium term.

CreditAccess Grameen Ltd. Business Overview & Revenue Model

Company Description

CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low income households in India. The company offers microcredit loans for income generation, home improvement, emergency, family welfare, and Grameen Suraksha, as well as life insurance and national pension scheme. It also provides retail finance loans, such as Grameen Unnati, Grameen Udyog, Grameen Savaari, Grameen Vikas, Grameen Suvidha, and Grameen Swarna. As of March 31, 2022, the company operated 1,635 branches. The company was formerly known as Grameen Koota Financial Services Private Limited and changed its name to CreditAccess Grameen Limited in January 2018. CreditAccess Grameen Limited was incorporated in 1991 and is headquartered in Bengaluru, India. CreditAccess Grameen Limited is a subsidiary of CreditAccess India NV.

How the Company Makes Money

CreditAccess Grameen Ltd. generates revenue primarily through interest income from its micro-loans, which are provided to low-income individuals and small businesses. The company charges interest on the loans disbursed, which forms the bulk of its revenue stream. In addition to loan interest, CREDITACC also earns income from service fees associated with loan processing and other financial services offered to its clients. The company may engage in partnerships with local banks and financial institutions to enhance its service offerings and expand its reach, which can further contribute to its earnings. Strategic initiatives aimed at increasing the customer base and improving loan recovery rates also play a critical role in bolstering the company's revenue.

CreditAccess Grameen Ltd. Financial Statement Overview

Summary

Mixed fundamentals: profitability and operating margins are healthy, but revenue has recently declined, leverage is high, and cash generation is weak with negative free cash flow in most years.

Income Statement

CreditAccess Grameen Ltd. has demonstrated fluctuating revenue growth over the years, with recent declines in total revenue from 2024 to 2025. Gross and net profit margins have been positive, reflecting profitability despite revenue drops. The EBIT and EBITDA margins are strong, indicating efficient operational performance. However, the decline in revenue growth is a concern for long-term growth prospects.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio, indicating potential leverage risks. However, the equity ratio has shown improvement, suggesting strengthening equity position. Return on equity is moderate, reflecting reasonable returns to shareholders but could be improved. The high level of total debt remains a key risk factor.

Cash Flow

Cash flow analysis reveals significant challenges, with negative free cash flow in most years. The operating cash flow to net income ratio is poor, indicating issues with cash generation relative to net income. The company's ability to maintain positive cash flow from operations is critical for future financial stability and requires attention.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	54.89B	55.39B	49.05B	32.97B	25.47B	22.87B
Gross Profit	30.94B	31.51B	28.03B	17.87B	13.58B	11.69B
EBITDA	9.12B	9.69B	22.08B	13.14B	7.15B	3.75B
Net Income	1.94B	5.31B	14.46B	8.26B	3.53B	1.34B
Balance Sheet
Total Assets	275.77B	278.02B	288.46B	218.58B	173.95B	150.59B
Cash, Cash Equivalents and Short-Term Investments	11.95B	22.92B	26.42B	20.41B	16.80B	24.67B
Total Debt	201.78B	205.53B	218.41B	163.12B	130.06B	110.17B
Total Liabilities	205.56B	208.46B	222.76B	167.51B	133.19B	112.63B
Stockholders Equity	69.56B	69.56B	65.70B	51.07B	41.67B	36.92B
Cash Flow
Free Cash Flow	0.00	10.99B	-47.54B	-33.07B	-27.42B	-4.69B
Operating Cash Flow	0.00	11.25B	-47.34B	-32.90B	-27.14B	-4.55B
Investing Cash Flow	0.00	7.08B	-9.94B	-3.14B	-329.60M	235.30M
Financing Cash Flow	0.00	-16.69B	54.94B	33.65B	19.68B	21.46B

CreditAccess Grameen Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1332.70
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CREDITACC, the sentiment is Positive. The current price of 1332.7 is above the 20-day moving average (MA) of 1321.44, above the 50-day MA of 1309.90, and above the 200-day MA of 1283.53, indicating a bullish trend. The MACD of 5.13 indicates Positive momentum. The RSI at 50.92 is Neutral, neither overbought nor oversold. The STOCH value of 28.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CREDITACC.

CreditAccess Grameen Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IIFL	64 Neutral	₹225.07B	17.55	―	―	8.01%	-20.87%
FIVESTAR	59 Neutral	₹134.09B	11.76	―	0.36%	20.44%	13.10%
CREDITACC	56 Neutral	₹212.06B	41.77	―	0.77%	0.75%	-90.03%
CGCL	52 Neutral	₹169.00B	19.28	―	0.11%	43.41%	109.52%
MANAPPURAM	49 Neutral	₹241.06B	61.55	―	0.80%	-3.68%	-80.12%
SPANDANA	48 Neutral	₹22.27B	-1.67	―	―	-45.13%	-1646.01%

CreditAccess Grameen Ltd. Corporate Events

CreditAccess Grameen Posts Q3 FY26 Earnings Call Audio on Website

CreditAccess Grameen Limited has announced that the audio recording of its Q3 FY26 results conference call, held on January 20, 2026, has been made available on the company’s website for investors and stakeholders. The disclosure, made in compliance with SEBI’s listing and disclosure regulations, underscores the company’s ongoing efforts to enhance transparency and access to financial information for market participants.

CreditAccess Grameen Issues Provisional Interim Business Update for December 2025

CreditAccess Grameen Limited has issued an interim business update for December 2025, in line with regulatory disclosure requirements under SEBI listing norms, and shared this information with the stock exchanges for investor awareness and record-keeping. The update contains provisional operational figures that remain subject to limited review by joint statutory auditors and subsequent approval by the company’s Audit Committee and Board, underscoring that key performance data for the period are preliminary and may be refined before final reporting to stakeholders.

CreditAccess Grameen Wins Appeal; ₹46 Crore Tax Demand Scrapped

CreditAccess Grameen Limited has announced that the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, has ruled in its favour in relation to an income tax demand of ₹46.03 crore for the assessment year 2022–23, resulting in the complete deletion of the demand order dated March 18, 2024. The favourable order removes a sizeable contingent liability from the company’s books, easing a potential financial overhang for shareholders and signaling regulatory clarity on its tax position, which may support investor confidence and the company’s ongoing growth plans in the microfinance sector.

CreditAccess Grameen Ltd. Allots Shares Under ESOP

CreditAccess Grameen Ltd. has announced the allotment of 31,449 equity shares under its Employees Stock Option Plan (ESOP) to 12 employees. This move is part of the company’s strategy to incentivize and retain talent, aligning employee interests with corporate growth objectives. The newly allotted shares will hold equal status with existing equity shares, potentially enhancing employee engagement and contributing to the company’s stability and growth in the microfinance sector.

CreditAccess Grameen Releases Q2 FY26 Earnings Call Transcript

CreditAccess Grameen Limited has released the transcript of its Q2 FY26 earnings conference call, highlighting the company’s financial performance and strategic initiatives. This announcement provides stakeholders with insights into the company’s operational progress and future outlook, reinforcing its commitment to transparency and investor relations.

CreditAccess Grameen Releases Q2 FY26 Results Call Recording

CreditAccess Grameen Ltd. has announced the availability of the audio recording for its Q2 FY26 Results Conference Call on its website. This move ensures transparency and accessibility for stakeholders, allowing them to stay informed about the company’s financial performance and strategic direction.

CreditAccess Grameen Releases Q2 & H1 FY26 Investor Presentation

CreditAccess Grameen Limited has released its Investor Presentation for the second quarter and half-year ending September 30, 2025. This presentation, available on the company’s website, provides stakeholders with insights into the company’s financial performance and strategic direction for the fiscal year, potentially impacting its market positioning and investor relations.

CreditAccess Grameen Ltd. Allots 11,250 ESOP Shares to Employees

CreditAccess Grameen Ltd. has announced the allotment of 11,250 equity shares to five employees under its Employees Stock Option Plan – 2011. This move reflects the company’s commitment to employee ownership and aligns with its strategy to incentivize and retain talent, potentially enhancing its operational efficiency and market competitiveness.