Credit Access Grameen Financial Performances
|
Parameters (Rs billion) |
FY23 |
FY22 |
Growth |
|
NII |
22.34 |
16.53 |
35.15% |
|
PAT |
8.26 |
3.5 |
136.00% |
|
Net Worth |
51.07 |
41.67 | |
|
GNPA |
1.21% |
3.44% | |
|
NNPA |
0.42% |
0.95% | |
|
CRAR |
23.60% |
22.80% | |
|
Gearing |
3.2 |
3.1 | |
|
NIM |
11.16% |
10.90% |
Operating performance- During FY23, the company
experienced significant growth, with net interest income increasing by 35% and
net profit rising by 136% compared to that in FY22. Net interest margin stood
at 11.16% during FY23. Asse quality has also improved along with robustness of
capital adequacy.
Recently traded bond yield movement
|
Date |
ISIN |
Issuer |
Coupon (%) |
Yield (%) |
Maturity |
|
15/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.42 |
23/11/2024 |
|
17/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.58 |
23/11/2024 |
|
18/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.45 |
23/11/2024 |
|
19/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.00 |
23/11/2024 |
|
22/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.07 |
23/11/2024 |
|
23/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
8.92 |
23/11/2024 |
|
24/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.25 |
23/11/2024 |
|
25/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
9.06 |
23/11/2024 |
|
29/May/23 |
INE741K07462 |
CREDITACCESS GRAMEEN LIMITED |
9.45 |
8.85 |
23/11/2024 |
From above table, it can be seen that 9.45% Credit Access Grameen 2024 yield has moved to 8.85% from 9.42% post result announcement.
Share Price Movement-Post FY23 result announcement, equity price of Credit Access Grameen gained 10.74% rise since 16th May till date. In last 1 year, its equity price gained by 23.5%.
Belstar Microfinance Ltd Financials-
|
Rs billion |
FY22 |
FY23 |
Growth |
|
Interest Income |
6.77 |
8.81 |
30.13% |
|
PAT |
0.45 |
1.3 |
188.89% |
|
Net Worth |
8.56 |
10.92 |
27.57% |
|
AUM |
43.66 |
61.92 |
41.82% |
|
GNPA (%) |
6.65 |
2.42 | |
|
NNPA (%) |
2.32 |
0.66 | |
|
CRAR (%) |
24.06 |
22 | |
|
Leverage |
4.16 |
4.42 |
Operating Performance- The company has been able to maintain improving operating performance in recent past. As of 31st March 23, interest income increased by 30% on yearly basis while net profit jumped by 189%. During FY23, the company’s asset quality has been improved significantly. It can be seen from the data that its gross NPA fell to 2.42% as of 31st March 2023 from 6.65% as of 31st March 2022.
Recently traded bonds
|
Date |
ISIN |
Issuer |
|
Yield (%) |
Maturity |
|
10/May/23 |
INE443L07158 |
BELSTAR MICROFINANCE LIMITED |
MLD |
8.71 |
28/02/2024 |
|
19/May/23 |
INE443L07158 |
BELSTAR MICROFINANCE LIMITED |
MLD |
10.00 |
28/02/2024 |
|
22/May/23 |
INE443L07158 |
BELSTAR MICROFINANCE LIMITED |
MLD |
9.8 |
28/02/2024 |
Asirvad Microfinance Ltd
|
Parameters (Rs billion) |
FY23 |
FY22 |
growth |
|
Interest Income |
15.45 |
11.93 |
29.51% |
|
Net Profit |
2.18 |
0.15 |
1353.33% |
|
Net Worth |
15.44 |
10.73 |
43.90% |
|
AUM |
100.40 |
70.02 |
43.4% |
|
CRAR |
19.66% |
20.83% |
|
|
GNPA |
2.81% |
3.5% |
|
|
NNPA |
1.15% |
0.2% |
|
|
Debt to Equity |
5.09 |
4.44 |
|
Operating performance- During FY23, its interest income rose by 29% while net income soared to Rs 2.18 billion from Rs 0.15 billion. Operating margin stood at 18% and net profit margin came in at 15% during FY23.
Recently traded bonds
|
Date |
ISIN |
Issuer |
Coupon (%) |
Yield (%) |
Maturity |
|
04/May/23 |
INE516Q08380 |
ASIRVAD MICRO FINANCE LIMITED |
13.50 |
12.25 |
31/05/2027 |
|
08/May/23 |
INE516Q08380 |
ASIRVAD MICRO FINANCE LIMITED |
13.50 |
11.70 |
31/05/2027 |
|
09/May/23 |
INE516Q08380 |
ASIRVAD MICRO FINANCE LIMITED |
13.50 |
12.95 |
31/05/2027 |
|
10/May/23 |
INE516Q08380 |
ASIRVAD MICRO FINANCE LIMITED |
13.50 |
11.85 |
31/05/2027 |
|
23/May/23 |
INE516Q08380 |
ASIRVAD MICRO FINANCE LIMITED |
13.50 |
12.30 |
31/05/2027 |
From above table, it can be inferred that, bond yield of Asirvad Microfinance has been stable in current month.
Spandana Sphoorty Financials Ltd
|
Rs billion |
FY22 |
FY23 |
Growth |
|
Interest Income |
13.36 |
12.77 |
-4.42% |
|
PAT |
0.7 |
0.12 |
-82.86% |
|
Net Worth |
30.9 |
30.1 |
-2.59% |
|
AUM |
65.81 |
85.11 |
29.33% |
|
GNPA (%) |
18.7 |
2.07 | |
|
NNPA (%) |
10.5 |
0.64 |
|
|
CRAR (%) |
50 |
36.9 |
|
Operating Performance during FY23- Its interest income came down by 4.42% while net profit came down by 83%. However, asset quality witnessed significant improvement during FY23.
Recently traded bond yield movement
|
Date |
ISIN |
Issuer |
Coupon |
Yield (%) |
Maturity |
|
02/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
10.99 |
16/12/2023 |
|
03/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.03 |
16/12/2023 |
|
04/May/23 |
INE572J07471 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
12.14 |
22/05/2024 |
|
08/May/23 |
INE572J07471 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
12.33 |
22/05/2024 |
|
09/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
10.94 |
16/12/2023 |
|
19/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.63 |
16/12/2023 |
|
22/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.40 |
16/12/2023 |
|
22/May/23 |
INE572J07471 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
12.60 |
22/05/2024 |
|
23/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
10.50 |
16/12/2023 |
|
24/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.40 |
16/12/2023 |
|
26/May/23 |
INE572J07471 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
12.34 |
22/05/2024 |
|
26/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.10 |
16/12/2023 |
|
29/May/23 |
INE572J07471 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.68 |
22/05/2024 |
|
29/May/23 |
INE572J07372 |
SPANDANA SPHOORTY FINANCIAL LIMITED |
MLD |
11.00 |
16/12/2023 |
Share price movement- In last 1 year, its equity price has gained 69% while in last 2 months, it has increased by 24%.