CRISIL Ltd
CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.[1]
- Market Cap ₹ 38,391 Cr.
- Current Price ₹ 5,250
- High / Low ₹ 6,955 / 3,880
- Stock P/E 57.7
- Book Value ₹ 244
- Dividend Yield 1.07 %
- ROCE 39.0 %
- ROE 36.5 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.7%
- Company has been maintaining a healthy dividend payout of 73.4%
- Debtor days have improved from 79.7 to 62.4 days.
Cons
- Stock is trading at 21.5 times its book value
- Tax rate seems low
- Earnings include an other income of Rs.576 Cr.
* 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 Finance Other Financial Services
Part of BSE 500 Nifty 500 BSE MidCap Nifty MNC BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
789 | 903 | 956 | 1,130 | 1,177 | 1,182 | 839 | 889 | 1,204 | 1,444 | 1,628 | 1,665 | 1,669 | |
520 | 604 | 651 | 777 | 850 | 860 | 748 | 702 | 952 | 1,202 | 1,288 | 1,414 | 1,432 | |
Operating Profit | 270 | 299 | 305 | 353 | 327 | 322 | 91 | 187 | 253 | 242 | 340 | 251 | 237 |
OPM % | 34% | 33% | 32% | 31% | 28% | 27% | 11% | 21% | 21% | 17% | 21% | 15% | 14% |
142 | 32 | 45 | 44 | 47 | 89 | 261 | 104 | 386 | 273 | 493 | 501 | 576 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 7 | 8 | 6 | 3 | 3 | 8 |
Depreciation | 23 | 24 | 24 | 29 | 28 | 29 | 24 | 66 | 70 | 68 | 67 | 43 | 53 |
Profit before tax | 389 | 307 | 325 | 368 | 346 | 381 | 328 | 218 | 561 | 442 | 763 | 705 | 753 |
Tax % | 28% | 30% | 32% | 35% | 31% | 27% | 19% | 24% | 14% | 16% | 12% | 13% | |
281 | 216 | 222 | 240 | 237 | 278 | 266 | 167 | 483 | 371 | 668 | 616 | 666 | |
EPS in Rs | 39.80 | 30.20 | 31.18 | 33.68 | 33.09 | 38.48 | 36.83 | 22.97 | 66.24 | 50.71 | 91.40 | 84.22 | 91.04 |
Dividend Payout % | 48% | 66% | 74% | 80% | 85% | 78% | 87% | 144% | 69% | 95% | 59% | 66% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 15% |
3 Years: | 11% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 18% |
3 Years: | 11% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 29% |
3 Years: | 14% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | 36% |
5 Years: | 40% |
3 Years: | 41% |
Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 602 | 720 | 668 | 816 | 805 | 802 | 752 | 688 | 1,022 | 1,063 | 1,483 | 1,779 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 72 | 31 | 227 | |
291 | 305 | 318 | 266 | 305 | 322 | 353 | 644 | 360 | 470 | 523 | 590 | |
Total Liabilities | 900 | 1,032 | 993 | 1,089 | 1,116 | 1,131 | 1,112 | 1,339 | 1,498 | 1,612 | 2,044 | 2,603 |
84 | 71 | 59 | 61 | 51 | 49 | 39 | 146 | 185 | 152 | 119 | 455 | |
CWIP | 0 | 0 | 0 | 2 | 12 | 5 | 12 | 10 | 5 | 9 | 9 | 17 |
Investments | 372 | 507 | 509 | 586 | 644 | 659 | 636 | 672 | 644 | 666 | 995 | 1,263 |
444 | 454 | 425 | 441 | 410 | 418 | 425 | 511 | 664 | 784 | 920 | 868 | |
Total Assets | 900 | 1,032 | 993 | 1,089 | 1,116 | 1,131 | 1,112 | 1,339 | 1,498 | 1,612 | 2,044 | 2,603 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
146 | 260 | 208 | 202 | 274 | 279 | 265 | 387 | -103 | 189 | 281 | 320 | |
-74 | -134 | 49 | 11 | -76 | -79 | -18 | -118 | 385 | 125 | 148 | 103 | |
-82 | -112 | -262 | -227 | -176 | -195 | -224 | -242 | -276 | -355 | -397 | -435 | |
Net Cash Flow | -10 | 14 | -4 | -14 | 21 | 6 | 24 | 26 | 6 | -41 | 32 | -12 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 71 | 51 | 52 | 60 | 50 | 51 | 67 | 48 | 77 | 92 | 84 | 62 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 71 | 51 | 52 | 60 | 50 | 51 | 67 | 48 | 77 | 92 | 84 | 62 |
Working Capital Days | -30 | -38 | -35 | 11 | 3 | -18 | -44 | -94 | 17 | 27 | 33 | -9 |
ROCE % | 54% | 44% | 44% | 46% | 41% | 47% | 41% | 30% | 56% | 38% | 56% | 39% |
Documents
Announcements
-
Minutes Of The 38Th Annual General Meeting Of Crisil Limited
2d - Crisil's 38th AGM approved 2024 financials, Rs 26 final dividend, reappointed director, and appointed secretarial auditors.
-
Announcement Under Regulation 30 SEBI (LODR) - Update
17 May - Crisil signs shareholders' agreement for Rs.33.25 crore investment in Online PSB Loans Ltd.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Newspaper advertisement regarding notice of final hearing of Company petition.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - Of newspaper publication for transfer of shares to IEPF.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 May - Analyst call transcript held on Tuesday, May 6, 2025.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
Concalls
-
May 2025Transcript PPT
-
Feb 2025TranscriptNotesPPT
-
Oct 2024TranscriptNotesPPT
-
Jul 2024TranscriptNotesPPT
-
Apr 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Jul 2023TranscriptNotesPPT
-
Apr 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
Jul 2022TranscriptNotesPPT
-
Apr 2022TranscriptNotesPPT
-
Feb 2021TranscriptPPT
-
Oct 2020TranscriptNotesPPT
-
Feb 2020Transcript PPT
-
Jul 2019TranscriptNotesPPT
-
Feb 2019TranscriptPPT
-
Feb 2018Transcript PPT
-
Feb 2017TranscriptNotesPPT
-
Feb 2017Transcript PPT
Ratings Business (28% of revenues)[1]
India’s premier ratings agency having rated 35,000+ large and medium-scale entities.[2]
This is the most profitable business of company and accounts for 51% of total profits while contributing only 28% of revenues.[3]
The company separated its credit ratings business into a wholly owned subsidiary, CRISIL Ratings Ltd pursuant to changes in SEBI regulations.[4]