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CreditAccess Grameen Q2 FY27 Share Price & Earnings Call Analysis

₹1,023.60-1.43% today
Market cap
₹16,439 Cr
P/E
13.59
ROE
10.51%
PEG
-6.82
Price to sales
2.57
Debt to equity
3.01
52W high / low
₹1,614 / ₹998
Sales growth (5Y)
24.47%
EBITDA margin
57.05%
Net profit margin
12.83%
Promoter holding
63.83%
Sales (last year)
₹6,380 Cr

Guidance scorecard · Q2 FY27 call

What CreditAccess Grameen Ltd's management guided
and where it ranks in Finance

Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookFlat

RevenueQ2 FY27 call

20–40%
  • The company expects loan book growth of around 20% to 25% in FY28, combining both microfinance and retail segments.
  • Retail lending (individual loans) is expected to grow faster than microfinance, which may be range-bound around 10%-12%.
  • Customer acquisition momentum is expected to improve significantly in Q3 and Q4, targeting over 1 lakh new customers per month (currently around 80,000 per month).
  • Customer retention has improved to 88%, supporting stable growth.
  • Growth will come from a mix of deeper penetration in microfinance and graduation of customers to higher-ticket retail loans.
  • The company plans to expand mortgage lending branches from 120 to over 400 currently, scaling further in coming years.

2 more points from CreditAccess Grameen Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what CreditAccess Grameen Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • A strategic investment discussion is ongoing at the promoter (HoldCo) level, not at the company level.
  • Management expects progress on securing a strategic investor for the promoter group within the next couple of quarters.
  • The company is focusing on diversifying funding sources through ECBs and NCDs to strengthen ALM and long-tenor funding rather than immediate capex.
  • Emphasis is on operational strengthening, especially in collections and risk management in drought-affected regions, rather than large capex projects.
Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what CreditAccess Grameen Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Flat

Ask what CreditAccess Grameen Ltd said on the order book →

Full Q2 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does CreditAccess Grameen Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Financials of CreditAccess Grameen Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

CreditAccess Grameen Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +66.66%66.58%66.56%66.54%66.50%66.43%66.43%66.37%66.28%66.24%66.21%63.83%
FIIs +12.00%11.65%10.88%10.76%9.76%11.38%12.13%12.29%11.68%12.94%13.48%14.73%
DIIs +15.79%15.76%16.25%14.86%14.17%12.67%12.76%13.33%13.23%12.59%12.67%13.77%
Public +5.57%6.01%6.31%7.83%9.57%9.50%8.67%8.02%8.81%8.23%7.64%7.68%
No. of Shareholders57,98969,82483,6031,03,9281,25,0041,19,8191,01,90283,94385,66683,88479,07178,179

Financials of CreditAccess Grameen Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +1,2471,2921,4571,5121,4531,3801,4071,4631,5081,4901,5971,7831,904
Interest424442482510485475478482480459478550553
Expenses +3423654344537001,020864885845678660558664
Financing Profit481486542549269-1156596184353459675687
Financing Margin %39%38%37%36%18%-8%5%7%12%24%29%38%36%
Other Income +1321121111111
Depreciation12131414171615151616161617
Profit before tax469476529535252-1295181169338445660671
Tax %26%26%25%26%26%-23%8%26%26%25%24%25%25%
Net Profit +349353397398186-1004760126252340493502
EPS in Rs21.9522.2024.9124.9511.67-6.242.963.777.8715.7521.2030.7931.25
Gross NPA %0.77%0.97%1.18%1.46%2.44%3.99%4.76%4.70%3.65%4.04%3.17%2.18%
Net NPA %0.24%0.29%0.35%0.45%0.76%1.28%1.73%1.78%1.26%1.36%1.12%0.76%

Financials of CreditAccess Grameen Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +2784647088711,2821,6832,0282,6693,4875,1675,7526,0596,775
Interest1292083173544175757459871,2161,7381,9551,9052,040
Expenses +761262641843616391,0691,2351,1791,4443,0303,0612,560
Financing Profit741301283325044702144471,0921,9847671,0932,175
Financing Margin %26%28%18%38%39%28%11%17%31%38%13%18%32%
Other Income +321111381646444
Depreciation234582023475051626365
Profit before tax751301243284984511944811,1051,9397091,0332,114
Tax %35%36%35%35%35%27%27%27%25%25%25%25%
Net Profit +4983802123223281423538261,4465317781,587
EPS in Rs6.6811.419.3716.5422.4122.759.1522.6552.8790.7233.2748.5498.99
Dividend Payout %0%0%0%0%0%0%0%0%0%11%0%0%

Financials of CreditAccess Grameen Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital737386128144144156156159159160160161
Reserves3033876051,3092,2222,5253,4794,0114,9486,4116,7967,6828,758
Borrowing1,2912,2332,6683,6234,8677,8238,78112,92116,31221,84120,44623,64125,128
Other Liabilities +6011520553126170281394439460401446402
Total Liabilities1,7272,8083,5645,1147,35710,66212,69717,48221,85828,87127,80231,93034,450
Fixed Assets +41112162587101629599609604588578
CWIP2031231345400
Investments0000066166314551,4398931,0751,926
Other Assets +1,7202,7963,5495,0967,3309,91111,93216,84920,80126,81826,30230,26731,946
Total Assets1,7272,8083,5645,1147,35710,66212,69717,48221,85828,87127,80231,93034,450

Financials of CreditAccess Grameen Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-931-425-1,726-1,378-2,302-364-1,969-3,290-4,7341,125-2,770
Cash from Investing Activity +-4-554-7-636-32-189-314-994708-101
Cash from Financing Activity +9345791,4701,8292,9291,7061,6843,3655,494-1,6692,751
Net Cash Flow-1149-202444-91,310-473-239-234164-120
Free Cash Flow-939-433-1,731-1,396-2,323-376-1,992-3,307-4,7541,092-2,788

Financials of CreditAccess Grameen Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %17%20%14%20%17%13%5%9%18%25%8%11%

Guidance history

How CreditAccess Grameen Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlannedPlannedFlat
Q1 FY27 call →10–20%FlatPlannedNone planned—
Q4 FY26 call →20–40%FlatPlanned——
Q3 FY26 call →20–40%Flat—Planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−30.5%24%
Last 6 months−21.3%19%
Last 3 months−35.7%2%

The price is 40.8% below its all-time high of ₹1,729.1 (5 Jan 2024). Stocks more than 20% below their peak have their score halved, so 17 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For CreditAccess Grameen Ltd: 0.4 × 24 + 0.4 × 19 + 0.2 × 2 = 17, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What CreditAccess Grameen Ltd's management said in earlier quarters

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