CARERATING - CARE Ratings Limited Share Price

Capital Markets

₹1638.20-36.40(-2.17%)

Market Closed as of Aug 12, 2025, 15:30 IST

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Valuation
Market Cap	4.91 kCr
Price/Earnings (Trailing)	34.44
Price/Sales (Trailing)	10.44
EV/EBITDA	22.72
Price/Free Cashflow	45.35
MarketCap/EBT	24.63
Enterprise Value	4.86 kCr

Fundamentals
Revenue (TTM)	469.88 Cr
Rev. Growth (Yr)	18.5%
Earnings (TTM)	145.12 Cr
Earnings Growth (Yr)	23.9%

Profitability
Operating Margin	42%
EBT Margin	42%
Return on Equity	17.79%
Return on Assets	15.15%
Free Cashflow Yield	2.21%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 47 Cr

Net Income (Last 12 mths)

Latest reported: 145 Cr

Growth & Returns
Price Change 1W	0.30%
Price Change 1M	-7.6%
Price Change 6M	35.7%
Price Change 1Y	68.5%
3Y Cumulative Return	50.2%
5Y Cumulative Return	31.9%
7Y Cumulative Return	3.5%
10Y Cumulative Return	2.1%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-58.43 Cr
Cash Flow from Operations (TTM)	122.95 Cr
Cash Flow from Financing (TTM)	-54 Cr
Cash & Equivalents	48.82 Cr
Free Cash Flow (TTM)	108.22 Cr
Free Cash Flow/Share (TTM)	36.12

Balance Sheet
Total Assets	957.74 Cr
Total Liabilities	142.24 Cr
Shareholder Equity	815.5 Cr
Current Assets	692.13 Cr
Current Liabilities	97.8 Cr
Net PPE	79.94 Cr
Inventory	0.00
Goodwill	7.95 Cr

Capital Structure & Leverage
Debt Ratio	0.00
Debt/Equity	0.00
Interest Coverage	87.75
Interest/Cashflow Ops	55.76

Dividend & Shareholder Returns
Dividend/Share (TTM)	18
Dividend Yield	1.07%
Shares Dilution (1Y)	0.30%
Shares Dilution (3Y)	1.1%

Risk & Volatility
Max Drawdown	-29.4%
Drawdown Prob. (30d, 5Y)	53.85%
Risk Level (5Y)	48%

Pros

Profitability: Very strong Profitability. One year profit margin are 31%.

Smart Money: Smart money has been increasing their position in the stock.

Insider Trading: There's significant insider buying recently.

Past Returns: Outperforming stock! In past three years, the stock has provided 50.2% return compared to 11.4% by NIFTY 50.

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Growth: Awesome revenue growth! Revenue grew 20.1% over last year and 67.6% in last three years on TTM basis.

Cons

Momentum: Stock has a weak negative price momentum.

Technicals: SharesGuru indicator is Bearish.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	1.07%
Dividend/Share (TTM)	18
Shares Dilution (1Y)	0.30%
Earnings/Share (TTM)	47.57

Financial Health
Current Ratio	7.08
Debt/Equity	0.00

Technical Indicators
RSI (14d)	27.87
RSI (5d)	68.62
RSI (21d)	40.24
MACD Signal	Sell
Stochastic Oscillator Signal	Hold
Grufity Signal	Buy
RSI Signal	Buy
RSI5 Signal	Hold
RSI21 Signal	Hold
SMA 5 Signal	Buy
SMA 10 Signal	Buy
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Summary of Latest Earnings Report from CARE Ratings

Summary of CARE Ratings's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Revenue Breakdown

Analysis of CARE Ratings's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Revenue

Last Updated: Jun 30, 2025

Description	Share	Value
Ratings and Related Services	88.3%	83 Cr
Others	11.7%	11 Cr
Total		94 Cr

Share Holdings

Understand CARE Ratings ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

Shareholder Name	Holding %
LIFE INSURANCE CORPORATION OF INDIA	9.57%
CRISIL LIMITED	8.75%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MUL	7.98%
PARI WASHINGTON INDIA MASTER FUND, LTD.	6.01%
PARI WASHINGTON INVESTMENT FUND	3.69%
INDIA INSIGHT VALUE FUND	2.4%
SBI RESURGENT INDIA OPPORTUNITIES SCHEME	2.35%
TENCORE PARTNERS MASTER LTD.	2.27%
AQUAMARINE MASTER FUND L.P	2.18%
MIRAE ASSET BANKING AND FINANCIAL SERVICES FUND	2.07%
RUSSELL INVESTMENTS LIMITED	1.77%
WHITEOAK CAPITAL FLEXI CAP FUND	1.62%
TATA STEEL LIMITED	1.18%
S.SHYAM	1.08%
1729 CAPITAL	1.07%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is CARE Ratings Better than it's peers?

Detailed comparison of CARE Ratings against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
		-	-	-	-	-	-	-	-

Sector Comparison: CARERATING vs Capital Markets

Comprehensive comparison against sector averages

Comparative Metrics

CARERATING metrics compared to Capital

Category	CARERATING	Capital
PE	35.20	29.78
PS	10.68	9.80
Growth	20.1 %	12.2 %

Performance Comparison

CARERATING vs Capital (2021 - 2025)

Key Insights

1. CARERATING is NOT among the Top 10 largest companies in Capital Markets.
2. The company holds a market share of 0.9% in Capital Markets.
3. In last one year, the company has had an above average growth that other Capital Markets companies.

Income Statement for CARE Ratings

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	21.1%	402	332	279	248	248	244
Other Income	8.7%	51	47	38	27	31	31
Total Income	19.9%	453	378	317	275	280	275
Employee Expense	14.6%	189	165	134	126	120	109
Finance costs	56.3%	2.11	1.71	1	0.46	0.62	0.93
Depreciation and Amortization	22.2%	12	10	11	7.71	7.8	7.77
Other expenses	5.6%	58	55	46	42	33	53
Total Expenses	12.6%	261	232	191	176	161	171
Profit Before exceptional items and Tax	30.8%	192	147	126	99	119	104
Total profit before tax	30.8%	192	147	126	99	119	104
Current tax	21.4%	52	43	39	29	24	22
Deferred tax	-533.3%	0.62	0.94	1.49	-7.52	3.41	-1.33
Total tax	18.6%	52	44	40	22	28	21
Total profit (loss) for period	36.3%	140	103	85	77	91	83
Other comp. income net of taxes	-1.6%	-0.26	-0.24	-0.85	7.83	2.16	-0.86
Total Comprehensive Income	37.6%	140	102	85	85	93	83
Earnings Per Share, Basic	37%	45.89	33.768	28.17	25.45	30.38	27.96
Earnings Per Share, Diluted	36.8%	45.69	33.668	28.17	25.31	30.33	27.96

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-14.7%	94	110	96	117	79	90
Other Income	-7.1%	14	15	12	12	12	10
Total Income	-13.7%	108	125	108	129	91	100
Employee Expense	15.2%	54	47	50	46	46	43
Finance costs	0%	0.6	0.6	0.56	0.49	0.46	0.46
Depreciation and Amortization	16.5%	3.4	3.06	3	2.85	2.8	2.67
Other expenses	-21.4%	12	15	16	16	11	18
Total Expenses	6.2%	70	66	70	65	60	64
Profit Before exceptional items and Tax	-37.9%	37	59	39	64	30	36
Total profit before tax	-37.9%	37	59	39	64	30	36
Current tax	-30.8%	10	14	11	18	8.63	11
Deferred tax	-266.7%	0.5	1.3	-0.77	-0.32	0.41	0.36
Total tax	-33.3%	11	16	10	17	9.04	12
Total profit (loss) for period	-40.5%	26	43	28	47	21	25
Other comp. income net of taxes	-85.1%	-0.37	0.26	0.37	-1.04	0.14	-0.06
Total Comprehensive Income	-41.9%	26	44	29	46	22	24
Earnings Per Share, Basic	-42.5%	8.61	14.24	9.3	15.42	6.939	8.068
Earnings Per Share, Diluted	-42.5%	8.57	14.17	9.24	15.36	6.906	8.033

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	19.1%	337	283	249	219	220	219
Other Income	8.7%	51	47	37	28	32	31
Total Income	17.6%	388	330	286	248	252	250
Employee Expense	16.9%	146	125	104	107	103	97
Finance costs	20.8%	1.58	1.48	0.7	0.4	0.57	0.74
Depreciation and Amortization	4.4%	7.94	7.65	8.05	6.99	7.09	6.91
Other expenses	3%	35	34	35	27	28	46
Total Expenses	13.8%	191	168	148	141	139	150
Profit Before exceptional items and Tax	21.7%	197	162	138	107	113	100
Total profit before tax	21.7%	197	162	138	107	113	100
Current tax	14.6%	48	42	35	28	23	21
Deferred tax	-300%	0.68	0.92	-0.83	-5.81	3.72	-1.06
Total tax	17.1%	49	42	34	23	27	20
Total profit (loss) for period	24.6%	148	119	104	84	86	80
Other comp. income net of taxes	-65%	-1.03	-0.23	-0.87	7.81	2.04	-0.7
Total Comprehensive Income	23.7%	147	119	103	92	88	80
Earnings Per Share, Basic	24%	49.49	40.12	35	28.62	29.13	27.32
Earnings Per Share, Diluted	23.8%	49.27	404	35	28.47	29.08	27.32

Description	(%) Q/Q	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024
Revenue From Operations	-16.7%	76	91	79	102	65	75
Other Income	-6.7%	15	16	11	12	13	14
Total Income	-16%	90	107	90	113	78	88
Employee Expense	5.4%	40	38	39	35	35	32
Finance costs	4.8%	0.41	0.38	0.39	0.4	0.41	0.4
Depreciation and Amortization	14.7%	2.09	1.95	2.01	1.98	2	1.97
Other expenses	11.5%	8.77	7.97	9.78	9.8	7.75	8.18
Total Expenses	6.4%	51	48	51	47	46	42
Profit Before exceptional items and Tax	-34.5%	39	59	39	66	32	46
Total profit before tax	-34.5%	39	59	39	66	32	46
Current tax	-27.2%	9.74	13	11	17	8.09	11
Deferred tax	-260%	0.52	1.3	-0.76	-0.23	0.38	0.38
Total tax	-30.8%	10	14	9.86	17	8.46	11
Total profit (loss) for period	-36.4%	29	45	29	50	24	35
Other comp. income net of taxes	-104.8%	-0.27	0.38	-0.43	-0.91	-0.07	0.06
Total Comprehensive Income	-36.4%	29	45	29	49	24	35
Earnings Per Share, Basic	-37.7%	9.72	15	9.85	16.6	8.036	11.669
Earnings Per Share, Diluted	-37.8%	9.67	14.93	9.8	16.54	7.998	11.619

Balance Sheet for CARE Ratings

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	-27.3%	49	67	38	96	49	131
Current investments	-	0	0	0	0	0	0
Loans, current	-50%	1.24	1.48	0.95	0.47	0.29	0.2
Total current financial assets	-4.2%	681	711	656	612	587	594
Current tax assets	-43.7%	4.18	6.65	4.57	6.35	4.5	6.57
Total current assets	-5.1%	692	729	675	642	603	625
Property, plant and equipment	-1.2%	80	81	98	81	80	81
Capital work-in-progress	-	0	0	0	0	0	0
Goodwill	0%	7.95	7.95	7.95	7.95	7.95	7.95
Non-current investments	209.3%	134	44	44	43	44	44
Loans, non-current	121.2%	1.14	0.34	0.34	0.34	0.34	0.33
Total non-current financial assets	213.3%	142	46	52	54	56	48
Total non-current assets	61.6%	266	165	167	172	168	157
Total assets	7.2%	958	894	842	814	771	781
Borrowings, non-current	-	0	0	17	0	0	0
Total non-current financial liabilities	11.8%	20	18	17	18	15	4.49
Provisions, non-current	33.3%	17	13	16	12	13	10
Total non-current liabilities	16.2%	44	38	38	36	33	21
Borrowings, current	-	0	0	2.41	0	0	0
Total current financial liabilities	73.1%	46	27	36	27	30	52
Provisions, current	-5.8%	5.58	5.86	6.08	5.37	7.22	6.25
Current tax liabilities	-90.3%	1.56	6.78	1.44	8.59	0.28	0.22
Total current liabilities	4.3%	98	94	79	86	59	90
Total liabilities	8.5%	142	131	117	122	92	111
Equity share capital	0%	30	30	30	30	30	30
Non controlling interest	5.8%	9.23	8.78	7.46	7.86	6.83	6.57
Total equity	7.1%	816	762	725	692	679	670
Total equity and liabilities	7.2%	958	894	842	814	771	781

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022
Cash and cash equivalents	25%	26	21	30	84	43	121
Current investments	-	0	0	0	0	0	0
Loans, current	-40%	1.24	1.4	0.95	0.44	0.27	0.2
Total current financial assets	-4.2%	599	625	609	578	553	556
Current tax assets	-	0	0	0.13	3.3	2.49	1.73
Total current assets	-4.6%	602	631	614	593	559	574
Property, plant and equipment	-1.3%	78	79	92	79	77	79
Capital work-in-progress	-	0	0	0	0	0	0
Non-current investments	53.9%	255	166	129	120	112	104
Loans, non-current	8.3%	14	13	13	7.84	1.44	0.33
Total non-current financial assets	51.1%	270	179	143	129	114	106
Total non-current assets	32.6%	367	277	238	227	208	196
Total assets	6.7%	969	908	851	820	767	770
Borrowings, non-current	-	0	0	15	0	12	0
Total non-current financial liabilities	-7.1%	14	15	15	16	17	1.14
Provisions, non-current	33.3%	13	10	11	9.84	9.91	8.56
Total non-current liabilities	6.5%	34	32	32	31	31	16
Borrowings, current	-	0	0	1.48	0	0	0
Total current financial liabilities	75%	36	21	25	19	18	46
Provisions, current	2.5%	3.43	3.37	4.35	3.86	5.71	5.23
Current tax liabilities	-97.5%	1.1	5.06	0	8.36	0	0
Total current liabilities	5.5%	78	74	60	71	41	79
Total liabilities	4.8%	111	106	92	103	72	95
Equity share capital	0%	30	30	30	30	30	30
Total equity	7%	858	802	759	717	695	675
Total equity and liabilities	6.7%	969	908	851	820	767	770

Cash Flow for CARE Ratings

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	56.3%	2.11	1.71	1	0.46	-	-
Depreciation	22.2%	12	10	11	7.71	-	-
Unrealised forex losses/gains	-0.9%	-0.17	-0.16	-1.12	0	-	-
Dividend income	-102%	0.18	41	0.32	0.71	-	-
Adjustments for interest income	6869.2%	45	0.35	32	25	-	-
Share-based payments	-48.5%	1.88	2.71	0	6.53	-	-
Net Cashflows from Operations	31.1%	174	133	114	97	-	-
Income taxes paid (refund)	22%	51	42	32	29	-	-
Net Cashflows From Operating Activities	35.6%	123	91	82	68	-	-
Proceeds from sales of PPE	-	0	0	0.03	0.22	-	-
Purchase of property, plant and equipment	71.4%	15	9.17	12	19	-	-
Proceeds from sales of long-term assets	-	3.11	0	156	0	-	-
Purchase of other long-term assets	-	89	0	151	0	-	-
Dividends received	-26.2%	0.18	0.35	0.32	0.71	-	-
Interest received	20.5%	48	40	18	24	-	-
Other inflows (outflows) of cash	90.7%	-5.8	-72.43	0	0	-	-
Net Cashflows From Investing Activities	-48.3%	-58.43	-39.07	13	-27.32	-	-
Proceeds from issuing shares	-	0	0	0	6.44	-	-
Proceeds from exercise of stock options	-53.1%	4.21	7.84	2.42	0	-	-
Payments of lease liabilities	-84.9%	1.19	2.26	4.14	2.82	-	-
Dividends paid	-18.2%	55	67	60	38	-	-
Interest paid	-	2.11	0	0	0.46	-	-
Other inflows (outflows) of cash	-6.4%	0	0.06	-1.85	0	-	-
Net Cashflows from Financing Activities	14%	-54	-62.96	-63.33	-35.14	-	-
Net change in cash and cash eq.	182.4%	11	-11.14	32	5.55	-	-

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	20.8%	1.58	1.48	0.7	0.4	-	-
Depreciation	4.4%	7.94	7.65	8.05	6.99	-	-
Impairment loss / reversal	-140%	0	3.5	5.72	0	-	-
Dividend income	-35.2%	1.81	2.25	1.34	1.59	-	-
Adjustments for interest income	7.9%	42	39	30	24	-	-
Share-based payments	-68.7%	1.42	2.34	0	6.29	-	-
Net Cashflows from Operations	14.4%	168	147	125	89	-	-
Income taxes paid (refund)	21.1%	47	39	30	26	-	-
Net Cashflows From Operating Activities	13.2%	121	107	95	63	-	-
Cashflows used in obtaining control of subsidiaries	-105.3%	0	20	0	0	-	-
Proceeds from sales of PPE	-	0	0	0.03	0.18	-	-
Purchase of property, plant and equipment	244.4%	9.92	3.59	6.56	14	-	-
Proceeds from sales of long-term assets	-	3.11	0	172	0	-	-
Purchase of other long-term assets	-	89	0	194	0	-	-
Cash receipts from repayment of advances and loans made to other parties	-150%	0	0.6	0	0	-	-
Dividends received	-35.2%	1.81	2.25	1.34	1.59	-	-
Interest received	22.2%	45	37	17	25	-	-
Other inflows (outflows) of cash	117.8%	13	-66.25	8.22	0.4	-	-
Net Cashflows From Investing Activities	-20.3%	-71.91	-59.61	-2.22	-22.47	-	-
Proceeds from issuing shares	-	0	0	0	6.44	-	-
Proceeds from exercise of stock options	-53.9%	4.01	7.53	2.42	0	-	-
Payments of lease liabilities	93.1%	1.56	1.29	0	2.73	-	-
Dividends paid	-17.2%	54	65	59	38	-	-
Interest paid	-	1.58	0	0	0	-	-
Other inflows (outflows) of cash	-300%	0	0.75	-1.85	0	-	-
Net Cashflows from Financing Activities	11.5%	-52.93	-59.96	-61.74	-34.59	-	-
Net change in cash and cash eq.	62.6%	-3.94	-12.22	31	6.08	-	-

What does CARE Ratings Limited do?

Ratings•Financial Services•Small Cap

CARE Ratings Limited, a credit rating agency, provides various rating and related services in India and internationally. The company provides rating services for bank loan, debt instrument, bonds, long term instruments, non-convertible debentures, preference shares, fixed deposits, short term instruments and NCDs, and commercial papers; principal protected market linked debentures, subordinate debt, CDs for banks, perpetual bonds, mutual funds, and hybrid instruments; structured finance ratings; insurance ratings; recovery ratings; ratings of REITs; infra EL; public finance; and monitoring agency for IPOs. The company was formerly known as Credit Analysis and Research Limited and changed its name to CARE Ratings Limited in June 2017. CARE Ratings Limited was incorporated in 1993 and is headquartered in Mumbai, India.

Industry Group:Capital Markets

Employees:563

Website:www.careratings.com

CARERATING - CARE Ratings Limited Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Risk & Volatility

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does CARE Ratings Limited do?