CreditAccess Grameen Moat Analysis: Score & Risks
CreditAccess Grameen Ltd.
A first-pass moat teardown of CreditAccess Grameen Ltd., built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow → wide read — primary edge in Intangible Assets. Provisional, single-pass evidence.
CreditAccess Grameen Ltd. scores 5.55 on MoatSCORE 6.0 — a narrow → wide moat in NBFC. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“Building Trust Through Ethical Governance CA Grameen has built accountability into its strategic and operational fabric through clearly defined policies, independent oversight, and robust internal controls.”
“Partnering with multiple institutions, we extend training and mentorship, enabling beneficiaries to translate their learning into tangible economic opportunities”
“This expansion is driven by deepening of relationships with our 44 Lakh customer base and our ability to graduate them through a curated product suite.”
“A broader liability mix enhances pricing flexibility, mitigates concentration risk, and strengthens our ability to negotiate, allowing us to access funding at competitive rates across market cycles”
“The Company’s market share across its top four states of business operations was 21.3% in Karnataka, 21.9% in Maharashtra, 10.9% in Tamil Nadu, and 10.8% in Madhya Pradesh.”
“we continue to leverage our risk-based pricing strategy, low cost of borrowings, and efficient operating structure to protect our ROA within the 4–4.5% range, whilst being one of the lowest-cost lender in the industry”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 6.0 — clears the gate. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 113 Indian companies we have scored for moat durability — 88 narrow, 25 narrow-trending-wide, none wide. The full ranked read: Wide-Moat Stocks in India: We Scored 113 Companies and Found None. Every score, dimension by dimension, is free in the Moat Screener.
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