CreditAccess Grameen Ltd.
NSE: CREDITACCCreditAccess Grameen Ltd.: A 30-second snapshot
CreditAccess Grameen (₹1,326.7) is an NBFC-MFI focused on microfinance lending, currently trading 1.4% above its 200-DMA (₹1,308.4) and 6.0% above its 50-DMA (₹1,250.9), with RSI at 49.8 (neutral). FY26 full-year net profit rose to ₹777.6 crore, with Q4 PAT up 619% YoY on a depressed prior-year base, while the trailing PE of 154.9 compresses sharply to a forward PE of 10.7. Debt-to-equity stands at 301.5 with a rising trend, reflecting the inherently leveraged NBFC-MFI business model.
P/E
154.9
Forward P/E
10.7
ROE
+10.5%
Debt / Equity
301.48
Profit Margin
+18.7%
Div. Yield
—
5Y ROE > 15%
2/5
5Y FCF > 0
1/5
Quality
57/100
News
7 headlines · 5 positive · 0 negative
CreditAccess Grameen Publishes FY26 Audited Results in Press - TipRanks
TipRanks
CREDITACC: Strong Q4 growth, margin expansion, and digital adoption set up for 20%-25% AUM growth in FY 2027 - TradingView
TradingView
CREDITACC: PAT surged 619% YoY in Q4 FY26, with robust AUM growth and improved asset quality - TradingView
TradingView
CREDITACC: FY26 net profit rose to ₹777.64 crore with strong asset quality and capital adequacy - TradingView
TradingView
Buy CreditAccess Grameen; target of Rs 1750: Emkay Global Financial - TradingView
TradingView
Recent context
- ·Q4 FY26 PAT surged 619% YoY; FY26 full-year audited net profit reached ₹777.6 crore with reported improvements in asset quality and capital adequacy, ending a period of compressed profitability.
- ·Emkay Global Financial issued a note with a price target of ₹1,750 — this represents a named third-party view and is not an assessment by VivaTrades; analyst mean rating is 1.53 across 15 analysts (1–5 scale, lower = more constructive).
- ·The stock is 15.4% below its 52-week high and has gained 3.3% over the past 3 months, with nearest resistance at ₹1,349 and ₹1,369, and support cluster at ₹1,225–1,245.
Strengths
- +Revenue growth of 125.9% over 5 years and earnings growth of 616.2% over 5 years reflect significant scale expansion from a microfinance lending base, with FY26 AUM growth described as robust in audited results.
- +Forward PE of 10.7 is substantially below the trailing PE of 154.9, suggesting the valuation multiple normalises materially once the prior-year earnings distortion exits the trailing calculation.
- +The stock is above both its 50-DMA (₹1,250.9) and 200-DMA (₹1,308.4), with RSI at 49.8 — neither extended nor oversold — and is 14.1% higher than 12 months ago.
- +News sentiment of 5 positive and 2 neutral across 7 articles centres on Q4 FY26 results: FY26 audited net profit of ₹777.6 crore, improved asset quality, and strong capital adequacy reported.
Weaknesses
- −ROE of 10.5% is below all five listed peers in the sector data (peer range: 11.3%–17.9%) and ROE has exceeded 15% in only 2 of the available historical years, indicating that high headline earnings growth has not yet translated into sustained return on equity.
- −Positive free cash flow was recorded in only 1 of the available historical years; FCF generation is structurally constrained in an MFI model reliant on loan book expansion funded by external borrowings.
- −Debt-to-equity of 301.5 is on a rising trend; the consistency score of 48/100 and quality score of 49/100 both sit at the low end of the 6-peer group, with CREDITACC ranking last on PE and ROE and 3rd on quality score.
- −The trailing PE of 154.9 — while base-effect driven — is the highest in the peer group by a wide margin (next highest: HDFCLIFE at 68.5), reflecting how sensitive valuation optics are to any future earnings shortfall.
Open questions
- ?Does the 619% YoY PAT recovery in Q4 FY26 reflect a one-time normalisation of credit costs, or does it signal a structural improvement in asset quality and borrower repayment behaviour in the MFI segment?
- ?At a D/E of 301.5 with a rising trend, how sensitive is CreditAccess Grameen's net interest margin and profitability to changes in wholesale borrowing rates or a tightening of NBFC funding conditions?
- ?Given that ROE has exceeded 15% in only 2 of the available historical years and peers average 14%+, what would it take for the company's return profile to converge toward sector norms over the next 2–3 years?
- ?The peer set here (Axis Bank, HDFC Bank, Bajaj Finance, etc.) differs substantially from CreditAccess Grameen's pure-play MFI model — what direct MFI peers or benchmarks would provide a more meaningful operational comparison?
Peer comparison: Banking
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| CREDITACC | CreditAccess Grameen Ltd.You're viewing | 154.9 | +10.5% | 49 |
| Industry avg | across 5 peers | 31.7 | +14.2% | 39 |
| AXISBANK | Axis Bank Ltd. | 14.7 | +13.2% | 53 |
| BAJFINANCE | Bajaj Finance Ltd. | 29.9 | +17.9% | 53 |
| HDFCBANK | HDFC Bank Ltd. | 17.1 | +13.8% | 47 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 28.3 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 68.5 | +11.3% | 20 |
Technical state
Current price
₹1,326.70
SMA 50
₹1,250.94
SMA 200
₹1,308.43
RSI (14)
49.8 (neutral)
From 52w high
-15.4%
1Y return
+14.1%
3M return
+3.3%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highTrailing PE of 154.9 is anomalously elevated against a forward PE of 10.7; earnings persistence shows only 1 of available years with positive FCF and ROE above 15% in just 2 years, reflecting a thin historical profitability base prior to the Q4 FY26 recovery.
- highDebt-to-equity of 301.5 is structurally elevated; combined with a rising debt trend and a consistency score of 48/100, this leverage concentration warrants close monitoring of credit costs and wholesale funding access for this NBFC-MFI model.
- mediumCREDITACC ranks last (6th of 6) among listed peers on both trailing PE and ROE (10.5% vs. sector peers ranging 11.3%–17.9%), and 3rd of 6 on quality score (49); the peer set comprises large private banks and diversified financials rather than direct MFI peers, limiting comparability.
- lowNews total of 7 articles is sparse; one headline from a named broker includes a price target, which reflects a third-party view. Sentiment is all positive (5 positive, 2 neutral, 0 negative), concentrating coverage around the Q4 FY26 earnings event.
Cross-section contradictions
- Trailing PE of 154.9 is extreme, yet forward PE compresses to 10.7 — consistent with Q4 FY26 PAT surging 619% YoY; the gap reflects a prior-year earnings trough rather than a structural valuation premium.
- News sentiment is entirely positive (5 of 5 articles positive) and the stock is 15.4% off its 52-week high, yet ROE of 10.5% and a quality score of 49/100 remain at the low end of the peer group, raising the question of whether operational quality has recovered proportionately to reported profit growth.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days