Credit Services
CreditAccess Grameen Limited (CREDITACC) gains 6% intraday
CreditAccess Grameen Limited (CREDITACC) stock gains 6% intraday, moving above resistance at ₹1384 with a 5.4% clear.
CREDITACCESS GRAMEEN LIMITED (CREDITACC) gained +6% to ₹1463.7 on the NSE on 24 Jun 2026. The stock moved higher following the announcement of allotment of 11,648 shares under ESOP/ESOS/ESPS. This move places CREDITACC in a favorable position within the financial services sector, particularly in credit services, where it continues to demonstrate robust performance despite sector-wide challenges.
Technical setup — trendlines & DMA
The current 6-month trendline structure shows a breakout, with the stock trading well above both the 6-month support trendline at ₹1262.39 and the resistance trendline at ₹1383.97. The 50-day moving average (DMA) of ₹1318.8 is above the 200-DMA of ₹1306.4, indicating a bullish trend. The stock is currently trading in the upper third of its 52-week range, suggesting that a significant portion of the move is already priced in, though there is still room for further upside given the strong breakout.
Snapshot: ₹1,463.70 on 2026-06-24 (chart frozen at publication)
Fundamentals & business context
With a PE ratio of 28.3, CREDITACC appears to be trading at a premium, especially considering its profit margin of 32.0% and a revenue CAGR of 20.9% over the past five years. The market seems to be pricing in continued growth and stability, despite a slight decline in profit CAGR at -2.0%. Institutional ownership stands at 17.6%, indicating a level of confidence from smart money, though the negligible dividend yield and declining profit growth may pose some concerns for income-focused investors.
Algorithmic scorecard
The overall algorithmic scorecard reflects a balanced view of CREDITACC, with strong technical indicators offset by some fundamental weaknesses. The excellent revenue CAGR of 20.9% and very low debt levels highlight the company’s strong growth trajectory and financial health. However, the negligible dividend yield and declining profit CAGR pose risks, suggesting that while the company is growing, it may face challenges in maintaining profit growth and providing income to shareholders.
Company outlook
Management has guided for AUM growth of 20.0-25.0% for FY27, with NIM expected to be between 12.8-13.2%. The cost-to-income ratio is projected to be 33.0-35.0%, while credit cost is expected to be 3.0-4.0%. ROA is guided at 4.0-4.8% and ROE at 16.0-20.0%. Microfinance growth is expected to be 10-12%, with retail finance reaching 24-25% of the portfolio by the end of FY27. Mortgage loans are expected to achieve breakeven as the book nears INR 800 Crore to INR 1,000 Crore. The company plans to strengthen acquisition engines through group-based sourcing, individual lending, and digital channels via the Grameen Mahi app.
Get all details on CREDITACC — P&L, peers, shareholding and more on TradeAlone.
Credit Services
Ugro Capital Limited (NSE: Ugrocap) Disburses over INR 1,000 Crore of Loans Every Month in Q2 FY27
Ugro Capital Limited (NSE: UGROCAP) reports record quarterly disbursement of INR 3,159 crore, up 77% YoY, and a 53% rise in first-half profit.
Ugro Capital Limited (NSE: UGROCAP), the DataTech lender to India’s small businesses, today reported the strongest lending quarter in its history. UGRO disbursed more than INR 1,000 crore of loans in every month of this quarter, profit after tax rose 17% year on year, and its two growth engines account for half of its INR 15,019 crore loan book, only nine months after the Company announced a strategic reset of its business.
Record Lending
UGRO lent INR 3,159 crore in Q2’FY27, up 77% from a year ago and 24% from the previous quarter, crossing INR 1,000 crore in each of July, August, and September. First-half disbursement rose 69% to INR 5,710 crore. The loan book grew 23% year on year to INR 15,019 crore.
Profit Up, Costs Down
Profit before tax rose 12% year on year to INR 68.3 crore and profit after tax rose 17% year on year to INR 50.7 crore. For the half year, profit after tax rose 53% to INR 118.6 crore. Quarterly operating cost has been cut by 38% in two quarters, from INR 205 crore to INR 127 crore, while portfolio yield rose 108 basis points to 18.7%.
The Big Shift
Nine months into its strategic reset, UGRO’s growth engines are now more than half the business. The reset is ahead of plan. The two growth engines have risen from 32% to 53% of the loan book, the lower-yielding book has shrunk by about a third, operating cost is down 38%, and portfolio yield is up.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ugro Capital Limited
Ugro Capital Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Ugro drops 15.4% over three months and trades near its 52-week lows. The PEG of 0.09 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Premium net margins of 24.0% demonstrate strong cost discipline and a wide competitive moat. The stock sits at 3% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 42.4% and profits at 63.8% CAGR, with D/E of 0.00. Meanwhile, the stock dips 15.4% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Ugro Capital Limited.
ARMANFIN
Arman Financial Services Limited (armanfin) Q1 FY27: Profit After Tax Up 22%, Revenue Hits ₹436 Crore
Arman Financial Services Limited (ARMANFIN) reports a 22% surge in Profit After Tax and ₹436 Crore revenue for Q1 FY27.
Arman Financial Services Limited (NSE: ARMANFIN) has announced its financial results for Q1 FY27, showcasing a robust performance with a 22% increase in Profit After Tax (PAT) and a total income of ₹436 Crore, marking a significant milestone for the company.
Key Financial Highlights
The company’s total income for the quarter stood at ₹436 Crore, reflecting a year-on-year growth of 40.7%. The Profit Before Tax (PBT) also saw a substantial rise, contributing to the overall profitability. Notably, the Profit After Tax (PAT) surged by 22%, highlighting the company’s efficient cost management and strong revenue generation capabilities.
Asset Management and Disbursement
Arman Financial Services Limited has demonstrated impressive growth in its Assets Under Management (AUM), which increased by 50.6% year-on-year to ₹3,209 Crore. The disbursements also grew significantly, reaching ₹1,505 Crore, up by 74.1% compared to the same period last year. This growth is indicative of the company’s expanding reach and its ability to cater to the increasing demand for financial services.
Customer Base and Collection Efficiency
The active customer base of Arman Financial Services Limited currently stands at approximately 6.4 lakhs, reflecting the company’s extensive geographical presence and customer trust. The collection efficiency rate is at an impressive 96.6%, showcasing the company’s effective collection practices.
As Arman Financial Services Limited continues to expand its operations and diversify its product offerings, it remains well-positioned to capitalize on the growing opportunities in the financial services sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Arman Financial Services Limited
Arman Financial Services Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Arman falls 21.6% over three months and has not found a floor yet. Industry-leading margins of 30.8% reflect exceptional pricing power and operational efficiency. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 21, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 14.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Arman Financial Services Limited.
Credit Services
Muthoot Microfin Limited (NSE: Muthootmf) Q2 FY27: Strong Business Momentum While Building a More Diversified and Resilient Enterprise
Muthoot Microfin Limited (MUTHOOTMF) reports strong Q2 FY27 results with highest-ever disbursements, diversified portfolio, and improved asset quality.
Muthoot Microfin Limited (NSE: MUTHOOTMF) announced its unaudited financial performance for the quarter and half year of the financial year 2026-27, showcasing strong business momentum while building a more diversified and resilient enterprise for the future. The company achieved the highest-ever quarterly disbursements of Rs. 2,900 crore, registering a growth of 27.5% year-on-year and 9.7% quarter-on-quarter.
Diversified Portfolio Growth
The Gross Loan Portfolio (GLP) reached Rs. 15,323 crore, registering a growth of 22.0% year-on-year. The non-JLG portfolio expanded to 31% of GLP, reflecting the company’s progress in diversifying its portfolio beyond the traditional JLG segment. The small and micro enterprise loan portfolio scaled to Rs. 4,164 crore, accounting for 27% of GLP, with near-zero delinquency.
Operational Efficiency and Profitability
Digital collections increased to 46.7% of total collections, up from 25% in Q2 FY26. Collection efficiency improved to 98.1%, up 477 bps year-on-year, while X-bucket collection efficiency stood at 99.9%. The active customer base stood at 32.7 lakh, supported by a pan-India network of 1,675 branches.
The recent revision of the Global Rating’s outlook to ‘Positive’ by CareEdge, following CRISIL’s upgrade of the company’s long-term rating to AA-/Stable earlier this year, further reinforces the strength of the business and the improving credit profile.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Muthoot Microfin Limited
Muthoot Microfin Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Muthoot falls 27.2% over three months and has not found a floor yet. The PEG stands at 9.23 — severely stretched. Any earnings miss could trigger a sharp de-rating. D/E reaches 3.08. High leverage in this environment is a material risk the market cannot ignore. Sellers drive 1.5x the volume of buyers. Furthermore, they controlled 17 of recent sessions versus 13 for buyers — a clear distribution signal. Revenue grows at 19.5% CAGR — a respectable pace. However, the stock drops 27.2% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of Muthoot Microfin Limited.
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