CREDITACC
Creditaccess Grameen share price & financials
- Price
- ₹1,478.5
- Market cap
- ₹25.6k Cr
- Sector
- Financial Services
- Calls analysed
- 9
Creditaccess Grameen Limited Q1 FY27
What went well
- AUM grew 16.4% YoY and 2.5% QoQ to INR 30,319 Crore.
- PAT grew 720% YoY to INR 493 Crore, resulting in ROA of 5.9% and ROE of 24.4%.
- Net Interest Margin (NIM) was robust at 14.4% at the end of Q1 FY27.
What to watch
- Potential impact of El Nino on rural cash flows needs to be closely watched over the next 2-3 months.
- Ongoing West Asia crisis is a factor being monitored, though no discernible impact has been seen to date.
What Creditaccess Grameen Limited does
CreditAccess Grameen is an NBFC-Microfinance Institution that provides collateral-free joint-liability-group loans, and increasingly individual retail loans, to low-income women entrepreneurs and households across rural and semi-urban India. Its core group-lending model funds income generation and life-cycle needs such as water, sanitation, education, medical and festival expenses, while a growing retail-finance line offers secured Individual Business Loans and Affordable Housing/Mortgage Loans to customers graduating to larger ticket sizes. The company originates and services these loans through a branch-led, doorstep-collection network, supplemented by the Grameen Mahi customer app for digital onboarding and repayments.
Segments
- Group Lending (GL)
- Retail Finance (RF)
- Branch network
- 2,236 branches
- Geographic footprint
- 451 districts across 16 states and 1 union territory
- Active borrowers
- 44.18 Lakh (4.42 million)
- Employees
- 21,941
- Loan processing centres
- 22
- Grameen Mahi app users
- 11.2 Lakh active customers (25.4% of borrower base)
Guidance record · Q1 FY27
what the last two calls moved 20 tracked 1 delivered 7 missed 12 open- Retail Finance Book Mix delivered said Q1 FY25 Promised: 15% by 2028 Q1 FY27: Retail finance share increased further to 20.6% of AUM, continuing to significantly exceed the long-term target.
- AUM Growth FY25 went quiet said Q1 FY25 Promised: 23-24% Q1 FY27: The final result for FY25 remains unaddressed and was not mentioned.
- AUM Growth FY27 on track said Q3 FY26 Promised: 20% to 21% Q1 FY27: AUM grew 16.4% YoY. Management stated they 'remain with the guidance today as it is so that we watch one more quarter before we take any further step on the guidance', keeping the promise on the table despite the lower YoY start.
All 20 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 21.9%, net profit up 721.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,453 | 1,380 | 1,407 | 1,463 | 1,508 +4% | 1,490 +8% | 1,597 +14% | 1,783 +22% |
| Net profit | 186 | -100 | 47 | 60 | 126 −32% | 252 +352% | 340 +623% | 493 +722% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +9.8% 1Y
1Y: ₹1,296.7 on 10 Sept 2025 → ₹1,424.2. High ₹1,614 (30 Jul 2026), low ₹1,134.9 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.9%
- 24 Jul
- Q4 FY26
- +0.4%
- 8 May
- Q3 FY26
- −3.1%
- 20 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 21.2% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.4k Cr | ₹5.2k Cr | ₹5.8k Cr | ₹6.1k Cr |
| Interest | ₹1.2k Cr | ₹1.7k Cr | ₹1.9k Cr | ₹1.9k Cr |
| Depreciation | ₹45 Cr | ₹51 Cr | ₹62 Cr | ₹63 Cr |
| Net profit | ₹821 Cr | ₹1.4k Cr | ₹531 Cr | ₹778 Cr |
| Net margin | 24.1% | 28.0% | 9.2% | 12.8% |
| ROE | 18.0% | 25.0% | 8.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹156 Cr | ₹156 Cr | ₹159 Cr | ₹159 Cr | ₹160 Cr | ₹160 Cr |
| Reserves | ₹3.5k Cr | ₹4.0k Cr | ₹4.9k Cr | ₹6.4k Cr | ₹7.0k Cr | ₹7.7k Cr |
| Borrowings | ₹8.8k Cr | ₹12.9k Cr | ₹16.3k Cr | ₹21.8k Cr | — | ₹23.6k Cr |
| Other liabilities | ₹281 Cr | ₹394 Cr | ₹439 Cr | ₹460 Cr | ₹411 Cr | ₹446 Cr |
| Total liabilities | ₹12.7k Cr | ₹17.5k Cr | ₹21.9k Cr | ₹28.9k Cr | ₹27.7k Cr | ₹31.9k Cr |
| Fixed assets | ₹101 Cr | ₹629 Cr | ₹599 Cr | ₹609 Cr | ₹585 Cr | ₹588 Cr |
| Capital work in progress | ₹1 Cr | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹663 Cr | ₹1 Cr | ₹455 Cr | ₹1.4k Cr | ₹1.2k Cr | ₹1.1k Cr |
| Other assets | ₹11.9k Cr | ₹16.8k Cr | ₹20.8k Cr | ₹26.8k Cr | ₹25.9k Cr | ₹30.3k Cr |
| Total assets | ₹12.7k Cr | ₹17.5k Cr | ₹21.9k Cr | ₹28.9k Cr | ₹27.7k Cr | ₹31.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +1.35 pp while the public trimmed −1.03 pp. The shareholder count shrank 22% to 79,071.
- Promoters
- 66.2%
- FIIs
- 13.5%
- DIIs
- 12.7%
- Public
- 7.6%
Since Jun 2025
- FIIs +1.35 pp
- Public −1.03 pp
- Promoters −0.22 pp
How it drifted, 12 quarters
Over this window DIIs fell from 15.8% to 12.7% — −3.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 66.7%, FIIs 11.5%, DIIs 15.8%, Public 6.1%.Dec '23: Promoters 66.7%, FIIs 12.0%, DIIs 15.8%, Public 5.6%.Mar '24: Promoters 66.6%, FIIs 11.7%, DIIs 15.8%, Public 6.0%.Jun '24: Promoters 66.6%, FIIs 10.9%, DIIs 16.3%, Public 6.3%.Sep '24: Promoters 66.5%, FIIs 10.8%, DIIs 14.9%, Public 7.8%.Dec '24: Promoters 66.5%, FIIs 9.8%, DIIs 14.2%, Public 9.6%.Mar '25: Promoters 66.4%, FIIs 11.4%, DIIs 12.7%, Public 9.5%.Jun '25: Promoters 66.4%, FIIs 12.1%, DIIs 12.8%, Public 8.7%.Sep '25: Promoters 66.4%, FIIs 12.3%, DIIs 13.3%, Public 8.0%.Dec '25: Promoters 66.3%, FIIs 11.7%, DIIs 13.2%, Public 8.8%.Mar '26: Promoters 66.2%, FIIs 12.9%, DIIs 12.6%, Public 8.2%.Jun '26: Promoters 66.2%, FIIs 13.5%, DIIs 12.7%, Public 7.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Edelweiss Trusteeship Co Ltd Ac- Edelweiss Mf Ac- Mutual fund newly disclosed 1.85% held
- HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund newly disclosed 1.03% held
- Schroder International Selection Fund Global Emerg Global fund house +0.24 pp 1.91% held
- Government Pension Fund Global Sovereign +0.22 pp 2.07% held
- Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund +0.06 pp 1.16% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Creditaccess Grameen Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Creditaccess India B.V. | 66.21% | unchanged |
| Government Pension Fund Global Sovereign | 2.07% | +0.22 pp |
| Schroder International Selection Fund Global Emerg Global fund house | 1.91% | +0.24 pp |
| Edelweiss Trusteeship Co Ltd Ac- Edelweiss Mf Ac- Mutual fund | 1.85% | newly disclosed |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund | 1.16% | +0.06 pp |
| Canara Robeco Mutual Fund A/C Canara Robeco Conser Mutual fund | 1.03% | −0.38 pp |
| HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund | 1.03% | newly disclosed |
| CreditAccess Life Insuance Limited | 0.00% | unchanged |
| Edelweiss Financial Services Fund | — | off the list |
| HDFC Large And Mid Cap Fund Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CREDITACC
Filings to Aug 2026
0 new, 5 added, 1 trimmed, 0 sold out — net +2.47 L shares (+10.7%).
- Held by funds
- ₹379 Cr
- 9 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹142 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹142 Cr | +2.45 L | Jul '19 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹115 Cr | held | Jun '23 |
| HDFC Retirement Savings Fund - Equity Plan HDFC Mutual Fund | ₹88 Cr | held | Jan '25 |
| HDFC Retirement Savings Fund - Hybrid-Equity Plan HDFC Mutual Fund | ₹16 Cr | held | Jun '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹12 Cr | +0.01 L | Sep '21 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹6 Cr | +0.00 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
5 added, 1 trimmed — net +2.47 L shares (+10.7%)
- Funds are sitting on
- +33%
- vs est. average cost
- Held by funds
- ₹379 Cr
- 9 schemes · ≈ 1.5% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹142 Cr · 0.2% of that fund
Shares held by these funds −71%
Aug '23 23.02 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Creditaccess Grameen Limited
Guides on how to read this kind of business and the numbers that matter.