More about CreditAccess Grameen Limited
Fundamentals for CreditAccess Grameen Limited
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Fundamentals for CreditAccess Grameen Limited
Business Operations:
Sector: Financial ServicesIndustry: Credit Services
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, life insurance, and national pension schemes. It also provides retail finance loans, such as Grameen Vikas, Gruha Vikas, Grameen two-wheeler, and Grameen Swarna. In addition, the company offers digital lending products comprising 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 operates as a subsidiary of CreditAccess India BV.
Revenue projections:
With CREDITACC's revenue forecasted to drop below last year's level, investors are expected to take a cautious stance. Such declines typically affect a company's bottom line, reducing profitability and making investors hesitant to invest heavily in the company until financial performance improves.
Financial Ratios:
| currentRatio | 0.000000 |
|---|---|
| forwardPE | 13.872469 |
| debtToEquity | 280.714000 |
| earningsGrowth | 0.000000 |
| revenueGrowth | 3.442000 |
| grossMargins | 0.971820 |
| operatingMargins | 0.490170 |
| trailingEps | 30.220000 |
| forwardEps | 92.694390 |
CREDITACC's Forward PE is in a strong range, indicating that its stock price compares well with its earnings. The stock is not considered overpriced, leaving ample room for growth and making it a promising option for investors looking for value and future returns.
CREDITACC's high debt-to-equity ratio signals that the company is heavily leveraged. This suggests CREDITACC may be relying more on debt than equity to finance its operations, which could expose the company to greater financial risk in challenging economic conditions.
CREDITACC's positive gross and operating margins reflect strong financial performance. These metrics indicate that the company is efficiently managing its operations and generating healthy profits, contributing to a solid financial position.
CREDITACC's forward EPS exceeds its trailing EPS, indicating that the company is projected to be more profitable in the current financial year compared to the previous one. This suggests positive growth and improved earnings, signaling an optimistic outlook for CREDITACC's financial performance.
Price projections:
The steady upward revision of CREDITACC's price projections indicates growing confidence in the company's performance. Analysts are becoming increasingly optimistic about CREDITACC's future prospects and potential for growth.
Recommendation changes over time:
CREDITACC has been receiving a buy bias from analysts, indicating confidence in its investment potential. This could drive more investors to view CREDITACC as a reliable choice for their money, offering a promising avenue for future growth and financial gains.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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