CARE Ratings Limited
CARE Ratings Limited, a credit rating agency, provides various rating and related services in India and internationally. It offers rating services for bank loan, debt instrument, bonds, long term instruments, non-convertible debentures, preference shares, fixed deposits, short term instruments 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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 17.2%
Concerns1
- Negative free cash flow (βΉ4 Cr)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ337.00 Cr | β | βΉ148.00 Cr | β | β | 17.2% | 19.1% | 24.4% |
| Mar 2024 | βΉ283.00 Cr | β | βΉ119.00 Cr | β | β | 15.7% | 13.7% | 14.4% |
| Mar 2023 | βΉ249.00 Cr | β | βΉ104.00 Cr | β | β | 15.0% | 13.7% | 23.8% |
| Mar 2022 | βΉ219.00 Cr | β | βΉ84.00 Cr | β | β | 12.9% | -0.5% | -2.3% |
| Mar 2021 | βΉ220.00 Cr | β | βΉ86.00 Cr | β | β | 14.8% | 0.5% | 7.5% |
| Mar 2020 | βΉ219.00 Cr | β | βΉ80.00 Cr | β | β | 15.1% | -26.3% | -40.7% |
| Mar 2019 | βΉ297.00 Cr | β | βΉ135.00 Cr | β | β | 24.6% | -7.8% | -16.1% |
| Mar 2018 | βΉ322.00 Cr | β | βΉ161.00 Cr | β | β | 26.9% | 15.0% | 5.9% |
| Mar 2017 | βΉ280.00 Cr | β | βΉ152.00 Cr | β | β | 29.0% | 5.7% | 28.8% |
| Mar 2016 | βΉ265.00 Cr | β | βΉ118.00 Cr | β | β | 28.9% | 3.1% | -15.7% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 360 |
| Total Expenses | 192 |
| EBIT / Operating Profit | 168 |
| OPM % | 47% |
| Other Income | 54 |
| Finance Costs | 2 |
| Depreciation & Amortisation | 8 |
| Profit Before Tax | 212 |
| Tax % | - |
| Net Profit / PAT | 159 |
| EPS (βΉ) | 53.17 |
| Dividend Payout % | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| CARE Ratings Limitedthis co. | βΉ4.86 K Cr | βΉ337.00 Cr | 30.50 | 5.31 | 27.80 | 19.1% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |