CreditAccess Grameen News and Updates

Name: Latest research reports of CreditAccess Grameen Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: CreditAccess Grameen Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on CreditAccess Grameen from all sources in a single place.

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CreditAccess Grameen Ltd.

21 Mar 2022

1334.10

0.70%

Pick of the Week:21 MAR 2022

Buy: CreditAccess Grameen Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock with a target price of Rs 831/share, implying an upside of 10% from the CMP.

CreditAccess Grameen has gained 52.09% in the last 1 Year

CreditAccess Grameen Ltd.

10 Feb 2022

1334.10

0.70%

CREDITACCESS GRAMEEN LIMITED

Accumulate: CreditAccess Grameen Ltd.

Recommendation Target

Geojit BNP Paribas

CreditAccess Grameen Limited (CAGL) is one of the leading Microfinance NBFCs in India with high focus on Group lending and Retail finance with majority of its operations in South India. Gross Loan Portfolio (GLP) grew by 18.4% YoY and 9.4% QoQ as disbursement registered a strong growth during the quarter Disbursement for the quarter grew by 21.3% QoQ with CA Grameen growing at 13.3% and MMFL growing at 78.8%. Collection efficiency of CA Grameen improved to 94.5% whereas...

CreditAccess Grameen Ltd. is trading above its 200 day SMA of 1213.5

CreditAccess Grameen Ltd.

08 Feb 2022

1334.10

0.70%

Result Update:CreditAcc. Gram.

Buy: CreditAccess Grameen Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock and value CAG at 2.5x H1FY24E BV to arrive at a target price of Rs 825/share, implying an upside of 13% from CMP.

CreditAccess Grameen Ltd. is trading above its 200 day SMA of 1213.5

CreditAccess Grameen Ltd.

07 Feb 2022

1334.10

0.70%

Earnings Call for Q3FY22 of CreditAccess Grameen

Conference Call with CreditAccess Grameen Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.

audio

CreditAccess Grameen Ltd.

07 Feb 2022

1334.10

0.70%

to see Rapid results content

CreditAccess Grameen Ltd.

07 Feb 2022

1334.10

0.70%

CreditAccess Grameen Ltd | Q3FY22 Result Update

Buy: CreditAccess Grameen Ltd.

Target

Edelweiss

Stellar quarter; Beat on all counts

CreditAccess Grameen has gained 52.09% in the last 1 Year

CreditAccess Grameen Ltd.

31 Dec 2021

1334.10

0.70%

Vision 2025: Aims at business diversification; to become more agile, predictable and sustainable

Buy: CreditAccess Grameen Ltd.

ICICI Securities Limited

CA Grameen’s journey from being a project under T Muniswamappa Trust (TMT) in 1999, an NGO in South Bangalore, to becoming the largest NBFC-MFI in India as on Sep’21 with consolidated AUM of Rs133bn and borrower base of 3.75mn is testimony of its resilient business model. It has been successfully navigating many challenging events like AP crisis, demonetisation and two covid waves.

CreditAccess Grameen Ltd. is trading above its 200 day SMA of 1213.5

CreditAccess Grameen Ltd.

09 Dec 2021

1334.10

0.70%

Axis Annual Analysis:CreditAcc. Gram.

Buy: CreditAccess Grameen Ltd.

Target

Axis Direct

We recommend a BUY on the stock and value CAG at 2.3x H1FY24E BV to arrive at a target price of Rs 715/share, implying an upside of 37% from CMP.

CreditAccess Grameen Ltd. is trading above its 200 day SMA of 1213.5

CreditAccess Grameen Ltd.

11 Nov 2021

1334.10

0.70%

Result Update:CreditAcc. Gram.

Buy: CreditAccess Grameen Ltd.

Target

Axis Direct

We maintain our BUY recommendation on the stock and value CAG at 2.4x H1FY24E BV to arrive at a target price of Rs 755/share, implying an upside of 26% from CMP. We believe that our target multiple reflects the superior return profile (~16% ROE by FY24E), large growth opportunity in the rural market