BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Geojit Research Report
CreditAccess Grameen Ltd. is one of the leading microfinance non-banking financial companies in India with high focus on group lending and retail finance with majority of its operation in South India.
The growth of microfinance industry in India is a huge opportunity for NBFC micro finance institutions as 41% of households in the country do not avail any banking services.
We expect net interest income to grow at 33% compound annual growth rate over FY19- FY22E driven by acquisition of Madura Micro Finance Ltd.
Acquisition of Madura microfinance will strengthen the market leadership position of CreditAccess Grameen and diversify its geographic presence.
Although 100% customers took moratorium for three months, 75% to 80% have started repayments, as rural areas were less impacted by lockdown.
We expect profit after tax to grow to Rs 745 crore in FY22E at 32% CAGR over FY19 to FY22E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
