BSE:541770

Stock Analysis Report

Executive Summary

CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low income households in India.

Snowflake

Fundamentals

Mediocre balance sheet with acceptable track record.

Risks

  • CreditAccess Grameen is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has CreditAccess Grameen's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

BSE:541770

-3.6%

IN Consumer Finance

-2.1%

IN Market


1 Year Return

26.8%

BSE:541770

-3.2%

IN Consumer Finance

-14.7%

IN Market

541770 outperformed the Consumer Finance industry which returned -3.1% over the past year.

541770 outperformed the Market in India which returned -14.6% over the past year.


Share holder returns

541770IndustryMarket
7 Day0.2%-3.6%-2.1%
30 Day-3.5%1.9%-3.9%
90 Day-1.2%-10.2%-10.1%
1 Year26.8%26.8%-2.5%-3.2%-12.9%-14.7%
3 Yearn/a59.3%56.0%17.7%11.5%
5 Yearn/a233.9%218.2%35.4%22.5%

Price Volatility Vs. Market

How volatile is CreditAccess Grameen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CreditAccess Grameen undervalued based on future cash flows and its price relative to the stock market?

21.51x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

CreditAccess Grameen's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

CreditAccess Grameen's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

CreditAccess Grameen is overvalued based on earnings compared to the IN Consumer Finance industry average.

CreditAccess Grameen is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for CreditAccess Grameen, we can't assess if its growth is good value.


Price Based on Value of Assets

CreditAccess Grameen is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is CreditAccess Grameen expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CreditAccess Grameen's revenue is expected to grow significantly at over 20% yearly.

CreditAccess Grameen's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

CreditAccess Grameen's revenue growth is expected to exceed the India market average.

CreditAccess Grameen's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

CreditAccess Grameen's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if CreditAccess Grameen will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has CreditAccess Grameen performed over the past 5 years?

42.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CreditAccess Grameen has delivered over 20% year on year earnings growth in the past 5 years.

CreditAccess Grameen's 1-year earnings growth is less than its 5-year average (35.8% vs 42.6%)

CreditAccess Grameen's earnings growth has exceeded the IN Consumer Finance industry average in the past year (35.8% vs 15%).


Return on Equity

CreditAccess Grameen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

CreditAccess Grameen used its assets more efficiently than the IN Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if CreditAccess Grameen improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

  • Explore strong past performing companies in the Diversified Financials industry.

Financial Health

How is CreditAccess Grameen's financial position?


Financial Position Analysis

CreditAccess Grameen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CreditAccess Grameen's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

CreditAccess Grameen's level of debt (205.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (381.1% vs 205.8% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on CreditAccess Grameen's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

What is CreditAccess Grameen's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate CreditAccess Grameen's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate CreditAccess Grameen's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as CreditAccess Grameen has not reported any payouts.

Unable to verify if CreditAccess Grameen's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as CreditAccess Grameen has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of CreditAccess Grameen's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Udaya Hebbar (58yo)

4.1yrs

Tenure

₹45,560,000

Compensation

Mr. Udaya Kumar Hebbar has been the Chief Executive Officer, Managing Director and Whole-Time Director of Grameen Koota Financial Services Private Limited(also known as Grameen Financial Services Private L ...


CEO Compensation Analysis

Udaya's remuneration is higher than average for companies of similar size in India.

Udaya's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.4yrs

Average Tenure

The average tenure for the CreditAccess Grameen management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.9yrs

Average Tenure

64yo

Average Age

The tenure for the CreditAccess Grameen board of directors is about average.


Insider Trading

CreditAccess Grameen individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹2,600,00016 Aug 19
D. Manjunatha
EntityIndividual
Shares5,000
Max Price₹520.00
Sell₹9,867,27014 Aug 19
Udaya Hebbar
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Whole-Time Director
Shares19,000
Max Price₹519.33
Sell₹3,270,00018 Jun 19
Boddupalli Diwakar
EntityIndividual
Role
Chief Financial Officer
Director-Finance & CFO
Shares6,000
Max Price₹545.00
Sell₹8,270,54714 Jun 19
Udaya Hebbar
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Whole-Time Director
Shares14,090
Max Price₹586.98
Sell₹3,995,24912 Jun 19
Gururaj Kumar Rao
EntityIndividual
Role
Senior Key Executive
Head of Internal Audit & Risk Management
Shares7,000
Max Price₹570.75
Sell₹5,297,69903 Jun 19
H. Kumar
EntityIndividual
Shares10,000
Max Price₹529.77
Sell₹2,255,69929 May 19
Gururaj Kumar Rao
EntityIndividual
Role
Senior Key Executive
Head of Internal Audit & Risk Management
Shares4,137
Max Price₹545.25
Sell₹4,687,75902 Apr 19
Boddupalli Diwakar
EntityIndividual
Role
Chief Financial Officer
Director-Finance & CFO
Shares10,000
Max Price₹468.78
Sell₹2,715,76006 Mar 19
D. Manjunatha
EntityIndividual
Shares6,500
Max Price₹421.90
Sell₹2,702,89806 Mar 19
Gururaj Kumar Rao
EntityIndividual
Role
Senior Key Executive
Head of Internal Audit & Risk Management
Shares5,863
Max Price₹461.01
Sell₹4,033,40027 Feb 19
M. Lokesh
EntityIndividual
Shares10,000
Max Price₹403.34
Sell₹703,62227 Feb 19
M. Annapurna
EntityIndividual
Shares1,750
Max Price₹402.07
Sell₹19,610,62606 Feb 19
Udaya Hebbar
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Whole-Time Director
Shares53,006
Max Price₹369.97
Sell₹2,893,81331 Dec 18
Gururaj Kumar Rao
EntityIndividual
Role
Senior Key Executive
Head of Internal Audit & Risk Management
Shares7,763
Max Price₹372.77
Sell₹646,64027 Dec 18
Gururaj Kumar Rao
EntityIndividual
Role
Senior Key Executive
Head of Internal Audit & Risk Management
Shares1,682
Max Price₹384.45
Sell₹3,805,96026 Dec 18
H. Kumar
EntityIndividual
Shares10,156
Max Price₹374.75
Sell₹4,496,50019 Dec 18
Boddupalli Diwakar
EntityIndividual
Role
Chief Financial Officer
Director-Finance & CFO
Shares11,500
Max Price₹391.00
Sell₹5,780,98505 Dec 18
Anshul Sharan
EntityIndividual
Shares15,000
Max Price₹385.40

Ownership Breakdown


Management Team

  • Gopal A. Reddy

    Business Head of Group Lending

    • Tenure: 0.0yrs
  • K. Kumar

    Head of Centralised Operations

    • Tenure: 3.4yrs
  • H. Srivatsa

    Business Head of Group Lending

    • Tenure: 0.0yrs
  • Boddupalli Diwakar

    Director-Finance & CFO

    • Tenure: 0.0yrs
    • Compensation: ₹28.62m
  • Udaya Hebbar (58yo)

    MD, CEO & Whole-Time Director

    • Tenure: 4.1yrs
    • Compensation: ₹45.56m
  • Gururaj Kumar Rao

    Head of Internal Audit & Risk Management

    • Tenure: 0.7yrs
  • B. Kumar

    Head of Information Technology

    • Tenure: 0.0yrs
  • Syam Kumar Nair

    Company Secretary & Chief Compliance Officer

    • Tenure: 1.4yrs
    • Compensation: ₹3.10m
  • B. Thrishuli

    Head of Human Resources

    • Tenure: 0.0yrs
  • Venkatesh Prasad

    Chief Operating Officer

    • Tenure: 0.3yrs

Board Members

  • Madhavan Gopinath (70yo)

    Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: ₹1.35m
  • Anal Jain (73yo)

    Non Executive Independent Director

    • Tenure: 8.6yrs
    • Compensation: ₹1.36m
  • Sumit Kumar (43yo)

    Non Executive Non Independent Director

    • Tenure: 3.0yrs
  • Paolo Brichetti (55yo)

    Non Executive Non Independent Director

    • Tenure: 10.6yrs
    • Compensation: ₹150.00k
  • George Joseph (70yo)

    Non Executive Independent Director

    • Tenure: 3.9yrs
    • Compensation: ₹1.38m
  • Udaya Hebbar (58yo)

    MD, CEO & Whole-Time Director

    • Tenure: 4.1yrs
    • Compensation: ₹45.56m
  • Prabha Raveendranathan (71yo)

    Non Executive Independent Director

    • Tenure: 8.6yrs
    • Compensation: ₹1.69m
  • Massimo Vita

    Non Executive Non Independent Director

    • Tenure: 2.1yrs
    • Compensation: ₹150.00k
  • Sucharita Mukherjee (39yo)

    Non Executive Independent Director

    • Tenure: 1.9yrs
    • Compensation: ₹870.00k

Company Information

CreditAccess Grameen Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CreditAccess Grameen Limited
  • Ticker: 541770
  • Exchange: BSE
  • Founded: 1991
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹74.235b
  • Shares outstanding: 143.70m
  • Website: https://www.grameenkoota.org

Number of Employees


Location

  • CreditAccess Grameen Limited
  • New No. 49, 46th Cross
  • 8th Block
  • Bengaluru
  • Karnataka
  • 560071
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541770BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2018
CREDITACCNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2018

Biography

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 genera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 13:02
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.