CREDITACC

CreditAccess Grameen is a leading Indian microfinance institution (MFI), offering credit largely to women across rural and semi-rural India. Being in the NBFC/MFI space, key variables for the business include: credit cost, asset-quality (NPAs), funding rates (especially for borrowings), growth of the loan portfolio (GLP), and regulatory/sector-cycle risk. The MFI sector is sensitive to macro-economic shocks, interest-rate changes, rural income trends and collections. Thus even though the business has a strong mission, the sector is inherently higher risk compared to traditional banking. Market cap: ₹19,000–22,000 crore. Key valuation ratios: P/E (TTM) ~ 100-110× levels. P/B ratio around 3×. Book value per share (ex-revaluation) ₹435.51 for Mar 2025. 52-week range: Low ₹750 and High ₹1,431 (approx).