Care Ratings Limited
NSE: CARERATING · Capital Markets · sector
₹1,580.00NSE close 2026-10-26
Key numbers
Market cap₹4,750 cr
Price₹1,580.00
52w high / low₹1,838 / ₹1,393
P/E26.7xSector median 36.0x
P/B5.1xSector median 6.8x
Book value₹310.2
Dividend yield1.22%Sector median 0.90%
ROE20.4%Sector median 23.6%
ROCE26.3%Sector median 23.0%
OPM41.6%Sector median 39.8%
Debt / equity0.00xSector median 0.00x
EV/EBITDA22.5xSector median 22.5x
Interest cover98.6x
Current ratio5.76x
Sales growth 3y+19.2%Sector median +21.8%
Profit growth 3y+27.5%Sector median +20.6%
PEG1.01x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Capital Markets (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹150 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 98.6x in the last 12 months.
- 4.05% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 32% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,580.00 on 2026-10-26: -14.0% from the 52-week high, +13.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,870.50 · low ₹1,011.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 117 | 96 | 110 | 94 | 136 | 112 | 131 | 112 |
| EBITDA | 56 | 30 | 47 | 28 | 68 | 40 | 61 | 35 |
| OPM % | 47.5% | 31.6% | 43.2% | 29.5% | 50.2% | 36.0% | 46.5% | 31.0% |
| Other income | 12 | 12 | 15 | 14 | 13 | 13 | 16 | 15 |
| Net profit | 46 | 28 | 43 | 26 | 57 | 36 | 53 | 32 |
| EPS (₹) | 15.42 | 9.30 | 14.24 | 8.61 | 18.90 | 11.96 | 17.58 | 10.73 |
| Revenue YoY | +16.2% | +16.3% | +19.2% | +18.9% | ||||
| Profit YoY | +23.0% | +29.1% | +24.0% | +25.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 248 | 279 | 332 | 402 | 473 | 491 |
| EBITDA | 80 | 99 | 112 | 155 | 197 | 204 |
| Net profit | 75 | 83 | 101 | 137 | 171 | 178 |
| EPS (₹) | 25.45 | 28.17 | 33.77 | 45.89 | 57.06 | 59.17 |
| Revenue growth | +12.7% | +18.9% | +21.3% | +17.6% | +17.6% | |
| Profit growth | +10.1% | +21.6% | +36.5% | +24.7% | +24.9% | |
| Dividend / share (₹) | 13.00 | 20.00 | 14.00 | 18.00 | 19.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +19.2% | +13.7% | +17.6% |
| Net profit | +27.5% | +13.8% | +24.9% |
| EPS | +26.5% | +13.4% | – |
| Share price | – | +14.2% (2y) | -0.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 672 | 717 | 806 | 932 |
| Borrowings | – | 0 | 20 | 0 | 0 |
| Cash & equivalents | – | 56 | 58 | 97 | 150 |
| Total assets | – | 771 | 842 | 958 | 1,105 |
| Fixed assets | – | 80 | 98 | 80 | 81 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 44 | 44 | 134 | 66 |
| Receivables | – | 22 | 22 | 32 | 35 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 10 | 13 | 15 | 15 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 68 | 82 | 91 | 123 | 148 |
| Cash from investing | -27 | 13 | -39 | -58 | -95 |
| Cash from financing | -35 | -63 | -63 | -54 | -59 |
| Capex | 19 | 12 | 9 | 15 | 8 |
| Free cash flow | 49 | 71 | 82 | 108 | 139 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 12.3% | 14.0% | 17.0% | 18.4% |
| ROCE % | – | 18.9% | 20.1% | 24.1% | 25.5% |
| Debtor days | – | 28 | 25 | 29 | 27 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 13 | 15 | 14 | 11 |
| Cash conversion cycle (days) | – | 15 | 10 | 15 | 16 |
| Working capital days | – | 712 | 656 | 539 | 432 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| FIIs | 23.60% |
| DIIs | 32.22% |
| of which Mutual funds | 18.75% |
| of which Insurance | 9.26% |
| Public (non-institutions) | 44.17% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public holders above 1% | % |
|---|---|
| Crisil Limited | 8.71% |
| Life Insurance Corporation of India | 8.48% |
| Nippon Life India Trustee Ltd-a/c Nippon India MUL | 6.70% |
| Pari Washington India Master Fund, Ltd. | 4.65% |
| ICICI Prudential Retirement Fund-pure Equity Plan | 3.67% |
| Whiteoak Capital Flexi CAP Fund | 3.67% |
| India Insight Value Fund | 2.46% |
| Aquamarine Master Fund L.P | 2.16% |
| SBI Banking & Financial Services Fund | 1.86% |
| Pari Washington Investment Fund | 1.81% |
| Russell Investments Limited | 1.76% |
| Mirae Asset Banking and Financial Services Fund | 1.75% |
| Vanguard Total International Stock Index Fund | 1.21% |
| Tata Steel Limited | 1.18% |
| Vanguard Emerging Markets Stock Index Fund, A Seri | 1.17% |
57,301 shareholders. Pledged: 4.05% of promoter shares.
Peers in Capital Markets
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MCX | ₹79,351 cr | 65.0x | 27.9x | 65.2% | – | 72.1% | +72.4% | 0.19% |
| ANANDRATHI | ₹37,027 cr | 81.2x | 28.9x | 43.5% | – | 35.5% | +27.9% | 0.30% |
| CAMS | ₹16,419 cr | 33.1x | 12.4x | 40.6% | – | 45.8% | +16.0% | 1.85% |
| KFINTECH | ₹14,327 cr | 41.8x | 8.6x | 22.2% | – | 38.0% | +21.8% | 0.90% |
| NSDL | ₹13,996 cr | 36.0x | 5.9x | 16.4% | 22.1% | 25.2% | – | 0.28% |
| PRUDENT | ₹11,511 cr | 48.7x | 15.7x | 37.5% | – | – | +34.5% | 0.09% |
| IEX | ₹9,221 cr | 18.2x | 6.8x | 40.5% | – | 84.8% | +15.4% | 2.89% |
| CARERATING | ₹4,750 cr | 26.7x | 5.1x | 20.4% | 26.3% | 41.6% | +19.2% | 1.22% |
| ICRA | ₹4,336 cr | 22.1x | 3.7x | 17.5% | 23.0% | 35.7% | +14.1% | 1.36% |
| SODHACAP | ₹52 cr | 19.6x | 5.2x | 23.6% | 31.8% | 68.0% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Ratings and related services | ₹423 cr | 89.3% | ₹232 cr | 54.7% |
| Others | ₹51 cr | 10.7% | ₹-0 cr | -0.3% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-25 | Dividend | Dividend - Rs 14 Per Share |
| 2025-11-19 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2025-06-27 | Dividend | Dividend - Rs 11 Per Share |
| 2024-11-05 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2024-06-21 | Dividend | Dividend - Rs 11 Per Share |
| 2023-11-10 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2023-07-07 | Dividend | Dividend - Rs 7 Per Share /Special Dividend - Rs 8 Per Share |
| 2023-02-10 | Dividend | Interim Dividend - Rs 10 Per Share |
| 2022-09-13 | Dividend | Dividend - Rs 10 Per Share |
| 2022-09-13 | Buyback | Buy Back |
| 2021-11-11 | Dividend | Interim Dividend - Rs 7 Per Share |
| 2021-09-06 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2020-11-18 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2020-08-31 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-02-20 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2019-11-19 | Dividend | Interim Dividend - Rs 8 Per Share |
| 2019-09-19 | Dividend | Annual General Meeting/Dividend - Rs 12 Per Share |
| 2019-08-19 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-02-21 | Dividend | Interim Dividend - Rs 6 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Ratings: Offering Bank Loan Ratings, Capital Market Instruments, Including NCDs/ Bonds/ Hybrids/ CPs/CDs, etc, Structured Finance Ratings, Monitoring Agency Services for Equity Capital Rating of REITs /InvITs, Resolution Plan Ratings, Recovery Ratings, Issuer Ratings
| Sector | Financial Services |
| Industry | Capital Markets |
| Sub-industry | Ratings |
| Symbol | CARERATING |
| BSE code | 534804 |
| ISIN | INE752H01013 |
| Face value | ₹10.0 |
| Incorporated | 1993-04-21 |
| Website | https://www.careratings.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.