CreditAccess Grameen

Quick check

The five things to look at first. Open one for more.

• DebtLook closerRated AA- by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 26% and profit rose 298% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 64%, down from 66% in Sep 2025.
• ValuationCheap vs its pastThe share trades at 10.3 times its yearly earnings (P/E), cheaper than 99% of the time in the last 5 years. Its usual P/E is about 27.

CreditAccess Grameen against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)10.3 against a typical 10.3: in line than most peers (1st = cheapest).3rd of 5
• Sales growth+26.3% against a typical +8.4% from a year earlier.1st of 5
• Profit growth+298.4% against a typical +298.4% from a year earlier.2nd of 3
• Share price, 3 months−35.6% against a typical −34.5%.4th of 5
• Size₹ 16,557.4 Cr. market value against a typical ₹ 2,405 Cr. (1st = largest).1st of 5

Exchange filings and their impact on the company.

• 26 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactVery positivePrice −2.9% that day
  Record Q2 profit and sharply higher ROA/ROE/NIM guidance signal ~25% earnings growth over next year.

  CreditAccess Grameen reported its highest quarterly profit of Rs 502 crore in Q2 FY27 and Rs 995 crore in H1, with AUM of Rs 30,946 crore up 19.5% YoY and gross NPA down to 1.79%. Management raised FY27 guidance for ROA to 5.2-5.8%, ROE to 21-24% and NIM to 14.4-14.7% while keeping AUM growth at 20-25% and credit cost at 3-4%. The strong performance was supported by retail finance at 23.3% of AUM, 15.1% NIM and new funding including a USD 175 million ECB, though early drought signs in 6 districts of Maharashtra are being watched.

  Full analysisFiling
• 22 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −5.6% on 23 Oct
  Q2 profit nearly 4x YoY on 26% revenue growth and sharply lower credit costs, confirming a strong earnings recovery.

  CreditAccess Grameen reported Q2 FY27 standalone profit of Rs 501.57 crore, up from Rs 125.81 crore a year ago, on total income of Rs 1904.80 crore. For the half year, profit was Rs 995 crore versus Rs 186 crore last year as credit costs fell sharply. Asset quality improved with Gross Stage III at 1.79% and Net Stage III at 0.59%, while capital adequacy remained strong at 26.9%. The board also approved appointment of Sharp & Tannan as joint statutory auditor from FY28.

  Full analysisFiling
• 12 Oct 2026Press ReleaseMedium impactPositivePrice −1.8% on 13 Oct
  CreditAccess Grameen raised USD 175m (~Rs 1540 cr) via 10-bank social ECB to fund loan growth at competitive rates.

  CreditAccess Grameen signed a USD 175 million syndicated social loan facility qualifying as ECB, arranged by Standard Chartered and DBS with 10 lenders from Asia and Middle East & Africa. This is its fifth ECB syndication in five years, taking total ECB mobilisation to USD 640 million, with foreign borrowings now around 24% of liabilities. The company also raised Rs 940 crore via NCDs in FY27. The competitively priced funding diversifies its lender base and supports continued loan-book growth.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ganesh Narayanan

Chief Executive Officer, Managing Director, Director

Nilesh Shrikrishna Dalvi

Chief Financial Officer

Gururaj Kumar K. S. Rao

Chief Operating Officer

Sudesh Dinesh Puthran

Chief Technology Officer

Ravi Rathinam

Chief Information Security Officer

Deepti Ramani

Compliance Officer, Company Secretary

Firoz Anam

Chief Risk Officer

Haridarshini A

Head - Operations and Business Analytics