|
18 Oct 2025 |
CreditAccess Grameen
|
Consensus Share Price Target
|
1288.90 |
1378.20 |
- |
6.93 |
buy
|
|
|
|
|
11 Nov 2021
|
CreditAccess Grameen
|
Axis Direct
|
1288.90
|
755.00
|
602.50
(113.93%)
|
Target met |
Buy
|
|
|
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
|
|
10 Nov 2021
|
CreditAccess Grameen
|
Edelweiss
|
1288.90
|
816.00
|
602.50
(113.93%)
|
Target met |
Buy
|
|
|
In-line quarter with asset quality better than peerset
|
|
07 Oct 2021
|
CreditAccess Grameen
|
Axis Direct
|
1288.90
|
745.00
|
673.40
(91.40%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock and with a target price of Rs 745/share, implying an upside of 12% from CMP.
|
|
06 Sep 2021
|
CreditAccess Grameen
|
Axis Direct
|
1288.90
|
745.00
|
678.85
(89.87%)
|
Target met |
Buy
|
|
|
We value CAG at 2.5x FY23E BV and believe that our target multiple reflects the superior return profile (achieving ~16% ROE by FY23E and improving thereafter) and the inherent risks in the MFI business.
|
|
25 Aug 2021
|
CreditAccess Grameen
|
Geojit BNP Paribas
|
1288.90
|
775.00
|
702.15
(83.56%)
|
Target met |
Buy
|
|
|
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) declined 7% on sequential basis to...
|
|
13 Aug 2021
|
CreditAccess Grameen
|
Axis Direct
|
1288.90
|
745.00
|
638.20
(101.96%)
|
Target met |
Buy
|
|
|
We value CAG at 2.5x FY23E BV and believe that our target multiple mirrors the superior return profile (~16% ROE by FY23E) and the inherent risks in the MFI business. We maintain a BUY recommendation on the stock with a revised target price of Rs 745/share, implying an upside of 23% from CMP.
|
|
12 Aug 2021
|
CreditAccess Grameen
|
Edelweiss
|
1288.90
|
816.00
|
610.85
(111.00%)
|
Target met |
Buy
|
|
|
Improving growth and asset quality outlook
|
|
11 Jun 2021
|
CreditAccess Grameen
|
Axis Direct
|
1288.90
|
810.00
|
722.60
(78.37%)
|
Target met |
Buy
|
|
|
We maintain a BUY rating on the stock with a revised target price of Rs 810/share, implying an upside of 12% from CMP.
|
|
10 May 2021
|
CreditAccess Grameen
|
Geojit BNP Paribas
|
1288.90
|
767.00
|
584.10
(120.66%)
|
Target met |
Buy
|
|
|
We upgrade our rating to Buy with a revised downward target price of Rs 767 based on 2.5x FY23E Adj. BVPS. Strong disbursement aided growth in Gross Loan Portfolio In Q4FY21, total disbursement grew by 42% YoY and 3% QoQ to Rs 4,726cr and resultantly Gross Loan Portfolio (GLP) grew by 13% YoY and 10% QoQ. GLP of standalone entity grew by 15% YoY to Rs 11,341cr while MMFL grew by 7% to Rs 2,246cr. However, number of borrowers saw a reduction of 3.5% YoY to 39.12 lakh. During the quarter, interest income grew 19.2% QoQ while finance...
|
|
07 May 2021
|
CreditAccess Grameen
|
Edelweiss
|
1288.90
|
816.00
|
612.10
(110.57%)
|
Target met |
Buy
|
|
|
Robust quarter; Outlook blurred by second covid wave
|