Buy CreditAccess Grameen, target price Rs 1985: Motilal Oswal

Motilal Oswal has buy call on CreditAccess Grameen with a target price of Rs 1985. The current market price of CreditAccess Grameen is Rs 1646.

CreditAccess Grameen Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 26302.24 Crore) operating in NBFC sector.

CreditAccess Grameen Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Other Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 1295.23 Crore, up 3.82 % from last quarter Total Income of Rs 1247.59 Crore and up 42.38 % from last year same quarter Total Income of Rs 909.72 Crore. Company has reported net profit after tax of Rs 353.34 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.66 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.0 per cent, DIIs 15.79 per cent.