Lends small-ticket credit to rural and semi-urban women borrowers through group loans under its microfinance business, and is also building retail finance products (such as two-wheeler loans) for graduated customers. Operates 2,276 branches and runs an AUM of INR 30,319 Cr as of Q1 FY27, with disbursements of INR 6,107 Cr in Q1 FY27 and ₹24,859 Cr across FY26. Earnings come mainly from interest on its loan book: net interest margin was 14.4% in Q1 FY27 against a cost of borrowings of 9.2%, and the loan book is funded largely through secured NCDs and bank lines. Employee expense is the largest operating cost at 14.5% of revenue, with other opex at 6.8%. Asset quality has normalised after the recent MFI credit cycle, with GNPA at 2.18% and PAR 90 at 1.46%. Under Project Shakti, the company targets INR 50,000 Cr AUM by CY2028, with retail finance rising to ~24-25% of AUM by FY27 end (from 20.6% in Q1 FY27). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Microfinance (group loans), Retail finance (21%). Asset-light microfinance lender; leveraged (credit-to-equity ~3x); cyclical with MFI credit cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,743 | 3,545 | 5,167 | 5,752 | 6,059 |
| EBITDA (ex other income) | 1,505 | 2,362 | 3,717 | 2,715 | 2,992 |
| margin % | 54.9 | 66.6 | 71.9 | 47.2 | 49.4 |
| Owners' profit | 363 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 23.31 | 52.04 | 90.88 | 33.32 | 48.63 |
| ROE % · ROCE % | 8.8 · — | 16.2 · — | 22.0 · — | 7.6 · — | 9.9 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (2,714) | (3,290) | (4,734) | 1,125 | (2,770) |
| Capex | (20) | (14) | (12) | (27) | (15) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,453 | 1,380 | 1,407 | 1,463 | 1,508 | 1,490 | 1,597 | 1,783 |
| Profit before tax | 252 | (129) | 51 | 81 | 169 | 338 | 445 | 660 |
| Net profit | 186 | (100) | 47 | 60 | 126 | 252 | 340 | 493 |
| EPS (₹) | 11.67 | (6.24) | 2.96 | 3.77 | 7.87 | 15.76 | 21.20 | 30.79 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CREDITACCESS GRAMEEN LTD ◆ | 22,781 | 18.8 | 2.90 | 7.2 | 9.9 | — | 19.7 | 68.8 |
| MUTHOOT MICROFIN LIMITED | 3,275 | 13.3 | 1.15 | — | 6.0 | — | — | 54.5 |
| FUSION FINANCE LIMITED | 3,090 | 18.6 | 1.26 | — | 0.6 | — | — | 46.7 |
| SATIN CREDIT NET LTD | 2,386 | 5.8 | 0.83 | 0.5 | 11.6 | — | 18.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · CreditAccess Grameen allots 30,135 ESOP shares to 20 employees | capital market events | low | — | — |
| 3 Sept 2026 · CreditAccess Grameen raises INR 300 Cr via NCD placement with Barclays | fund raising | medium | — | — |
| 2 Sept 2026 · CreditAccess Grameen allots NCDs worth Rs 300 crore via private placement | fund raising | medium | — | — |
| 20 Aug 2026 · ESOP allotment of 43,025 shares to 13 employees | capital market events | low | — | — |
| 19 Aug 2026 · CreditAccess Grameen schedules three investor meetings for August 21, 2026 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Investor meetings scheduled with Bandhan MF and Janchor Partners on 14 Aug 2026 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · CreditAccess Grameen to meet UTI MF and India First Life Insurance on August 12 | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Investor meetings scheduled on 12 Aug with UTI MF and India First Life | board shareholder meetings | low | — | — |
| 10 Aug 2026 · CreditAccess Grameen to meet Capital Investment Trust on Aug 11 | board shareholder meetings | low | — | — |
| 7 Aug 2026 · CreditAccess Grameen allots 1.01 lakh shares under ESOP to 17 employees | capital market events | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 55.1 |
| SPANDANA SPHOORTY FIN LTD | 1,886 | — | 0.89 | — | (32.8) | — | (7.1) | 53.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.8 | 17.6 | 213 of 403 | 47% |
| P/B | 2.9 | 1.1 | 361 of 448 | 20% |
| ROE | 9.9 | 2.7 | 112 of 495 | 78% |
| Debt / Equity | 0.0 | 0.0 | 11 of 495 | 18% |
| EBITDA margin | 68.8 | 46.7 | 162 of 447 | 64% |
| Revenue growth | 21.9 | 10.5 | 160 of 418 | 62% |
| Profit growth | 719.7 | 10.2 | 25 of 474 | 95% |
| Market cap | 22781 | 58 | 33 of 483 | 93% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
