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CreditAccess Grameen Limited (CREDITACC) Fair Value & Analysis

Financial Services · IN · Market cap ₹233B

CG CreditAccess Grameen Limited CREDITACC · NSE
Price₹1,545
Fair Value₹515.90
Upside-66.6%
Quality60/100
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Healthy Growth
Highly profitable · 32.0% net margin
High debt · generates free cash flow
Mixed vs. peers (7/13)
Wide moat 68/100
Evidence: High Range ₹416.16 – ₹788.82 Share as image

Fair value as of: Aug 2, 2026

From 13 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹631.06 to ₹515.90 (−18.2%) since Jun 29, 2026. Share price +0.3% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹788.82). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹416.16 to ₹788.82) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹1,750 ₹499.48 Fair Value ₹515.90 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹499.48 – ₹1,750 · fair‑value band ₹416.16 – ₹788.82 · the ₹1,545 price screens above the ₹515.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

CreditAccess Grameen Limited (CREDITACC) currently trades at ₹1,545, while our model-based Fair Value estimate is ₹515.90, implying the stock looks roughly 66.6% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CreditAccess Grameen Limited generated revenue of ₹24.3B at a net margin of 32.0%. Revenue grew 137.7% year over year. It earns a return on equity of 10.5%. Net debt stands at ₹225B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹416.16 (bear case) to ₹788.82 (bull case); at ₹1,545, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at -67%, CREDITACC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹1,449 ₹4,116 ₹9,736 80
Residual Income ₹435.53 ₹487.66 ₹891.39 76
Rev-Margin DCF ₹676.01 ₹2,259 74
All 13 models by family
DCF Models
Owner Earnings ₹606.27 ₹3,133 31
5Y P/E Exit ₹619.27 ₹1,703 38
10Y P/E Exit ₹296.47 ₹1,517 ₹3,298 35
Earnings-Based
Graham-Dodd ₹330.09 ₹2,302 ₹3,231 54
Lynch FV ₹1,018 ₹1,454 ₹1,891 50
Dividend Discount
Gordon GGM ₹95.74 ₹209.01 ₹351.67 70
DDM Multi-Stage ₹95.74 ₹171.21 ₹217.82 61
Multiples
P/E Multiple ₹473.29 ₹631.06 ₹788.82 63
P/B Multiple ₹514.02 ₹685.36 ₹856.70 55
Asset-Based
NCAV (Graham) ₹244.77 ₹327.99 ₹489.54 50
Growth DCF
Growth DCF ₹1,449 ₹4,116 ₹9,736 80
Rev-Margin DCF ₹676.01 ₹2,259 74
Economic Profit
Residual Income ₹435.53 ₹487.66 ₹891.39 76

Widest divergence: Earnings-Based (₹1,454) versus Dividend Discount (₹171.21). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹24.3B
Revenue growth (YoY) +138%
Net margin 32.0%
Return on equity 10.5%
Free cash flow ₹27.2B FY2026
P/E ratio 30.1
More key figures
Operating margin 58.8%
EPS (TTM) ₹48.40
EPS growth (YoY) +616%
Net debt ₹225B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 68

Profitability 32
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low-income households in India.

Full company description

CreditAccess Grameen Limited, a non-banking financial company, provides micro finance services for women from poor and low-income households in India. The company offers microcredit loans for income generation, home improvement, emergency, family welfare, and Grameen Unnati, as well as Grameen Suraksha, Grameen Sanchay, life insurance, and national pension schemes. It also provides retail finance loans, such as Grameen Vikas, Unnati loan, Grameen two-wheeler, Grameen Vishesh loan, and Grameen housing loan. In addition, the company offers digital lending products comprising Grameen Mahi, a customer app, Pragathi digital and multi-purpose digital loans. The company was formerly known as Grameen Koota Financial Services Private Limited and changed its name to CreditAccess Grameen Limited in January 2018. CreditAccess Grameen Limited was incorporated in 1991 and is headquartered in Bengaluru, India. CreditAccess Grameen Limited is a subsidiary of CreditAccess India BV.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

CreditAccess Grameen Limited reported revenue of ₹60.1B in FY2026 versus ₹25.5B in FY2022, a compound +24.0%/yr. Reported net income was ₹7.8B in FY2026, compounding +21.8%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹60.1B
Latest YoY
+8.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.3%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+39.0%
Revenue +24.0%/yr
FY22 ₹25.5B
FY23 ₹33.0B
FY24 ₹49.0B
FY25 ₹55.4B
FY26 ₹60.1B
Net income +21.8%/yr
FY22 ₹3.5B
FY23 ₹8.3B
FY24 ₹14.5B
FY25 ₹5.3B
FY26 ₹7.8B
Character of growth · EPS growth decomposed (2015-2026) +25.9 % p.a.
Revenue per share +24.2 pp

of which total revenue +31.5 pp · buybacks/dilution −7.3 pp

EBIT margin +7.8 pp
Tax rate +1.7 pp
Residual (interest, one-offs) −7.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CREDITACC screens 67% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "CreditAccess Grameen Limited Fair Value". https://www.fairvalue-calculator.com/stock/CREDITACC

Peer Group

Credit Services · 334 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 62 · Above median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 3% · Above median
Net margin (TTM) 32% · Above median
Operating margin (TTM) 59% · Top 25%
Revenue growth 138% · Top 25%
Debt / equity 3.02× · Higher than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 30.1× · Pricier than 75% of peers
P/B 2.98× · Pricier than 75% of peers
P/S (TTM) 9.61× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 41.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 39
FUTURE 100 · sector 39
PAST 42 · sector 32
HEALTH 0 · sector 59
DIVIDEND 0 · sector 49

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is CreditAccess Grameen Limited (CREDITACC) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹515.90 versus a price of ₹1,545, about −67% (overvalued).
What is the fair value of CREDITACC?
Our model-based fair value for CreditAccess Grameen Limited is ₹515.90 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,545.
What is the quality score of CREDITACC?
CreditAccess Grameen Limited has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CreditAccess Grameen Limited (CREDITACC)?
CreditAccess Grameen Limited reported trailing-twelve-month revenue of about ₹24.3B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of CREDITACC?
The net profit margin of CreditAccess Grameen Limited is about 32.0%, meaning it keeps roughly 32.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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