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India's largest listed microfinance lender, providing small group loans mainly to rural women for income-generating activities.
India's largest listed microfinance lender, providing small group loans mainly to rural women for income-generating activities.
Earns interest on small unsecured loans made to groups of borrowers who guarantee one another, funded mostly by bank borrowings and bond issues because it is a non-bank lender, not by deposits. It grew out of Grameen Koota, a microfinance lender founded in Bengaluru in 1999.
Moat: narrow (distribution, process know-how). Dense rural branch network and joint-liability lending model built over two decades.
Headquarters: Bengaluru, India · Founded: 1999 · Employees: 21,941
Size CreditAccess Grameen (CREDITACC.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $1.84B, the 387th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,083 on 6 Nov 2026.
Performance Over six months the shares fell 27.3%, against -3.9% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 17.4% over the last twelve months (peer median +9.3%); the operating margin is 49.1% (peer median 10.6%).
Valuation It trades at 1.95× book value against a peer median of 1.83× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 20.5%; CreditAccess Grameen delivers 19.7%, so the price asks more than the business earns today.
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹67.2B | ₹60.1B | ₹57.3B | ₹51.2B | ₹34.9B |
| Revenue growth | — | +5% | +12% | +47% | — |
| Gross profit | ₹46.1B | ₹59.5B | ₹56.6B | ₹50.7B | ₹34.4B |
| EBITDA | ₹33.6B | ₹48.0B | ₹46.8B | ₹41.9B | ₹27.8B |
| Net income | ₹15.9B | ₹7.78B | ₹5.31B | ₹14.5B | ₹8.26B |
| Free cash flow | n/a | ₹27.2B | ₹22.1B | ₹18.3B | ₹14.1B |
| Capital expenditure | n/a | ₹176M | ₹336M | ₹203M | ₹173M |
| Total debt | ₹251B | ₹237B | ₹206B | ₹219B | ₹164B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| CreditAccess Grameen CREDITACC.NS | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% |
| Manappuram Finance MANAPPURAM.NS | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% |
| Bandhan Bank BANDHANBNK.NS | $2.83B | -21% | +1% | 7% | 1.00× | 14.9% |
| Fusion Finance FUSION.NS | n/a | -30% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CREDITACC.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -1.7% | 2nd lowest of 21 |
| 6-month return | -27.3% | -3.9% | 2nd lowest of 21 |
| Return on equity | 19.7% | 7.4% | 2nd highest of 21 |
| Price / book | 1.95× | 1.83× | 9th most expensive of 21 |
| Trailing P/E | 11.0× | 17.2× | 4th cheapest of 19 |
| ROE the price implies | 20.5% | 21.6% | 10th least demanding of 21 |
| ROE delivered | 19.7% | 7.7% | 2nd highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| CreditAccess Grameen CREDITACC.NS | India | $1.84B | -27% | +17% | 20% | 1.95× | 20.5% | 19.7% |
| Federal Agricultural Mortgage AGM | United States | $1.90B | 0% | +31% | 13% | 1.56× | 14.0% | 13.5% |
| EZCORP EZPW | United States | $1.75B | -15% | +29% | 15% | 1.51× | 11.5% | 14.7% |
| IFCI IFCI.NS | India | $1.75B | -4% | -3% | 2% | 1.85× | 36.2% | n/a |
| Zip ZIP.AX | Australia | $1.74B | -17% | +24% | 17% | 3.74× | 66.6% | 16.8% |
| AEON Financial Service 8570.T | Japan | $1.95B | -9% | +8% | 5% | 0.67× | 5.2% | 4.9% |
| Aadhar Housing Finance AADHARHFC.NS | India | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% | n/a |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Custom Truck One Source CTOS | United States | $2.12B | -4% | +6% | 4% | 2.58× | 26.7% | 3.7% |
| Upstart UPST | United States | $2.17B | -24% | +39% | 8% | 2.44× | 37.8% | 8.0% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |