The 3 reports from 3 analysts offering long term price targets for CreditAccess Grameen Ltd. have an average target of 695.00. The consensus estimate represents a downside of -0.40% from the last price of 697.80.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-09-14||CreditAccess Grameen..||Geojit BNP Paribas||725.40||824.00||725.40 (-3.80%)||18.09||Buy|
Geojit BNP Paribas
Acquisition of Madura microfin to drive value 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 operation in South India. The growth of microfinance industry in India is a huge opportunity...
|2020-08-04||CreditAccess Grameen..||KRChoksey||570.30||684.00||570.30 (22.36%)||Target met||Buy|
Efforts on collection efficiency: CAGL has 76% of collection efficiency for July'20 while MMFL has 64% as against 54% in Jun'20. Overall collection efficiency is expected to further improve during Sept'20 once the moratorium is over. Customer centricity and weekly repayments and majority of borrowers from rural areas has led to improved collections. Monthly repayments of MMFL shows lower collections when compared with...
|2020-06-02||CreditAccess Grameen..||Yes Securities||450.45||577.00||450.45 (54.91%)||Target met||Buy|
Despite Covid impacting operations in March, AUM growth was solid at 11.5% qoq and 38% yoy. Negligible branch/loan officer addition led to significant reduction in Opex/AUM ratio (from 5.1% in Q3 FY20 to 4.6%). There was a material reduction in funding cost...
|2018-08-30||CreditAccess Grameen..||Geojit BNP Paribas||380.20||380.20 (83.53%)||IPO Subscribe|
Geojit BNP Paribas
CreditAccess Grameen Ltd (CAGL) is the 3rd largest NBFC-MFI in India in terms of gross loan portfolio (as of FY17). The company provides micro-loans to women customers predominantly in the rural areas primarily under the joint liability group (JLG) model, which comprised 87% of loan portfolio as of FY18. CAGL is promoted by CreditAccess Asia N.V, a multinational company specializing in MSE financing. The microfinance company enjoys the lowest operating expense ratios amongst the top-eight NBFC MFIs and SFBs showcasing operational...
|2018-08-08||CreditAccess Grameen..||Nirmal Bang||IPO Note|
CreditAccess Grameen Ltd. (Grameen) is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to primarily women customers predominantly in rural areas in India. Details and Objects of the Issue The public issue consists of offer for sale of Rs. 501.2 Cr on the upper band, implying a 18.6% stake dilution by the promoters and a fresh issue of Rs. 630 Cr....
|2018-08-08||CreditAccess Grameen..||SMC online||IPO Note|
The net Proceeds from the Fresh Issue will be utilized towards augmenting the capital base to meet future capital requirements of the company which are expected to arise out of growth in the Company's assets, primarily...
|2018-08-07||CreditAccess Grameen..||HDFC Securities||IPO Note|
IPO Note - Credit Access Grameen Limited Issue Open: August 08 - August 10, 2018, Price Band: Rs. 418 - 422, Issue Size: 26,805,395 Equity Shares*, (Fresh Issue of 14,928,910 eq sh + Offer for Sale of 11,876,485 eq sh) Offer Size: Rs.1120.46 crs - 1131.18 crs.
|2018-08-07||CreditAccess Grameen..||BP Wealth||IPO Avoid|
CreditAccess Grameen Ltd (CAGL) (formely Grameen Koota), founded in 1991 is the second largest Issue Details rural focused MFI-NBFC and the third largest MFI-NBFC in India. The company's promoter Offer Period CreditAccess Asia N.V operates in 4 countries across Asia through its subsidiaries, specializing in MSE financing. The company focuses on providing micro loans to women in rural areas and has a customer base of 2.2 Mn with gross loan portfolio outstanding of INR 49.75 Bn as of FY18.CAGL Price Band operates across eight states spanning Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh, Goa, Kerala & Odisha. The company has a presence across 132 districts in these states served through...
|2018-08-07||CreditAccess Grameen..||Ventura||IPO Note|
|2018-08-06||CreditAccess Grameen..||ICICI Securities Limited||IPO Note|
ICICI Securities Limited
CreditAccess Grameen Ltd (CAG) is a micro-finance institution headquartered in Bangalore, focused on providing micro loans to women predominantly in rural regions. According to Crisil Research, CAG is the third largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. The company is promoted by CreditAccess Asia NV, a multinational company specialising in micro and small enterprise financing, backed by institutional investors and has micro-lending experience through its subsidiaries in four countries in Asia....
|2018-08-06||CreditAccess Grameen..||Prabhudas Lilladhar||IPO Note|
The third largest NBFC-MFI (next to Bharat Financial Inclusion), Credit Grameen Access Ltd with AUM of Rs 49,747 mn headquartered in Bangalore is promoted by South-east Asia focused Credit Access NV (99% holding) specializing in MSE financing. With thrust on providing microloans to women customers (JLG model) predominantly in rural areas, Credit Access follows...
|2018-08-06||CreditAccess Grameen..||Angel Broking||IPO Subscribe|
CreditAccess Grameen Ltd (CAGL) is a Bangalore based NBFC, which is promoted by CreditAccess Asia N.V. (CAA). It is focused on providing microloans to women customers, predominantly in Indian rural areas. Their primary focus is to provide income generation loans to their customers, which comprised 87.02% of their total joint lending gro..