CARE Ratings Ltd
CARE Ratings is a leading credit rating agency of India. The Company provides various credit ratings that helps corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own riskreturn expectations.(Source : 202003-01 Annual Report Page No:134)
- Market Cap ₹ 5,417 Cr.
- Current Price ₹ 1,808
- High / Low ₹ 1,965 / 922
- Stock P/E 39.4
- Book Value ₹ 269
- Dividend Yield 0.98 %
- ROCE 24.6 %
- ROE 18.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 60.5%
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Capital Markets Ratings
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 236 | 261 | 279 | 287 | 333 | 319 | 244 | 248 | 248 | 279 | 332 | 402 | |
| 88 | 101 | 105 | 105 | 122 | 144 | 162 | 153 | 168 | 180 | 220 | 247 | |
| Operating Profit | 148 | 160 | 174 | 182 | 211 | 175 | 81 | 96 | 80 | 99 | 112 | 155 |
| OPM % | 63% | 61% | 62% | 63% | 63% | 55% | 33% | 39% | 32% | 36% | 34% | 39% |
| 36 | 44 | 9 | 34 | 25 | 30 | 31 | 31 | 27 | 38 | 47 | 51 | |
| Interest | -0 | 1 | -0 | -0 | -0 | -0 | 1 | 1 | 0 | 1 | 2 | 2 |
| Depreciation | 3 | 5 | 4 | 3 | 3 | 3 | 8 | 8 | 8 | 11 | 10 | 12 |
| Profit before tax | 181 | 197 | 178 | 212 | 233 | 202 | 104 | 119 | 99 | 126 | 147 | 192 |
| Tax % | 28% | 30% | 33% | 31% | 30% | 32% | 20% | 23% | 22% | 32% | 30% | 27% |
| 130 | 138 | 120 | 148 | 162 | 138 | 83 | 91 | 77 | 85 | 103 | 140 | |
| EPS in Rs | 44.63 | 47.53 | 40.68 | 50.13 | 55.13 | 46.66 | 27.96 | 30.39 | 25.34 | 28.12 | 33.67 | 45.85 |
| Dividend Payout % | 63% | 166% | 69% | 56% | 100% | 64% | 70% | 56% | 67% | 89% | 53% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 11% |
| 3 Years: | 18% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 11% |
| 3 Years: | 22% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 34% |
| 3 Years: | 62% |
| 1 Year: | 64% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 15% |
| 3 Years: | 15% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 30 | 30 |
| Reserves | 456 | 330 | 379 | 491 | 567 | 521 | 504 | 559 | 618 | 643 | 687 | 776 |
| -0 | -0 | -0 | -0 | -0 | -0 | -0 | 7 | 9 | 17 | 20 | 24 | |
| 96 | 87 | 94 | 64 | 61 | 64 | 85 | 74 | 69 | 80 | 105 | 128 | |
| Total Liabilities | 581 | 446 | 502 | 584 | 658 | 614 | 618 | 671 | 725 | 770 | 842 | 958 |
| 59 | 65 | 64 | 61 | 60 | 83 | 93 | 85 | 96 | 107 | 109 | 119 | |
| CWIP | -0 | -0 | -0 | 0 | -0 | -0 | 1 | 3 | 8 | 4 | 6 | 3 |
| Investments | 459 | 335 | 381 | 466 | 518 | 439 | 339 | 240 | 44 | 44 | 44 | 134 |
| 63 | 46 | 58 | 57 | 79 | 93 | 185 | 343 | 577 | 614 | 683 | 702 | |
| Total Assets | 581 | 446 | 502 | 584 | 658 | 614 | 618 | 671 | 725 | 770 | 842 | 958 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 107 | 107 | 106 | 119 | 134 | 109 | 67 | 86 | 68 | 82 | 91 | 123 | |
| -46 | 157 | -41 | -22 | -25 | 83 | 27 | -38 | -27 | 13 | -39 | -58 | |
| -62 | -276 | -66 | -96 | -99 | -195 | -107 | -43 | -35 | -63 | -63 | -54 | |
| Net Cash Flow | -1 | -12 | -1 | 1 | 11 | -4 | -13 | 5 | 6 | 32 | -11 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 22 | 31 | 32 | 43 | 54 | 61 | 31 | 25 | 27 | 25 | 29 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 23 | 22 | 31 | 32 | 43 | 54 | 61 | 31 | 25 | 27 | 25 | 29 |
| Working Capital Days | -100 | -82 | -65 | -10 | -1 | 13 | 14 | 1 | 640 | 641 | 594 | 454 |
| ROCE % | 36% | 39% | 46% | 44% | 41% | 35% | 19% | 21% | 16% | 19% | 21% | 25% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 1d
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Jul - Certificate under Regulation 74(5) of SEBI ( DP ) Regulations, 2018
- Closure of Trading Window 26 Jun
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 25 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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About
CARE was incorporated in 1993 and is one of
the leading credit rating agencies in India. The company is professionally managed and is a leader in corporate ratings and enjoys a dominant position in PSU ratings.[1] CareEdge Ratings is a leader in rating Financial and Infrastructure sector.[2]