CRISIL Ltd

₹ 4,429 -0.50%

01 Oct - close price

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 32,386 Cr.
Current Price ₹ 4,429
High / Low ₹ 5,065 / 3,686
Stock P/E 56.8
Book Value ₹ 280
Dividend Yield 0.56 %
ROCE 31.9 %
ROE 29.5 %
Face Value ₹ 1.00

Add ratio to table

Edit ratios

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%
Company has been maintaining a healthy dividend payout of 65.6%

Cons

Stock is trading at 15.8 times its book value
Tax rate seems low
Earnings include an other income of Rs.524 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 Nifty Midcap150 Quality 50 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000 BSE 500 Quality 50 Nifty500 Shariah Nifty MidSmallcap400 50:50 BSE 500 Nifty LargeMidcap 250 BSE Financial Services Nifty MNC Nifty 500 BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index BSE Quality Index Nifty Midcap 150 Nifty MidSmallcap 400

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	407	408	438	396	422	406	441	401	431	453	512	475	519
	335	304	357	322	360	347	386	340	346	388	421	475	441
Operating Profit	72	104	81	75	62	59	55	61	85	65	91	-0	78
OPM %	18%	26%	18%	19%	15%	15%	12%	15%	20%	14%	18%	-0.1%	15%
	159	78	190	39	97	176	189	114	156	122	111	154	137
Interest	1	1	1	0	0	0	2	5	5	5	4	6	6
Depreciation	16	17	17	10	10	10	15	19	20	20	19	20	21
Profit before tax	213	164	254	104	149	225	228	151	216	162	178	128	189
Tax %	10%	18%	9%	23%	14%	11%	9%	14%	10%	15%	14%	12%	12%
	193	135	231	80	128	201	206	130	194	137	153	113	166
EPS in Rs	26.39	18.41	31.60	10.98	17.56	27.50	28.19	17.75	26.56	18.79	20.98	15.51	22.74
Raw PDF

Upcoming result date: 23 October 2026

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025	TTM
	903	956	1,130	1,177	1,182	839	889	1,204	1,444	1,628	1,668	1,796	1,959
	604	651	777	850	860	748	702	952	1,202	1,288	1,416	1,496	1,725
Operating Profit	299	305	353	327	322	91	187	253	242	340	252	301	233
OPM %	33%	32%	31%	28%	27%	11%	21%	21%	17%	21%	15%	17%	12%
	32	45	44	47	89	261	104	386	273	493	499	503	524
Interest	0	0	0	0	1	0	7	8	6	3	3	19	21
Depreciation	24	24	29	28	29	24	66	70	68	67	43	78	79
Profit before tax	307	325	368	346	381	328	218	561	442	763	705	707	657
Tax %	30%	32%	35%	31%	27%	19%	24%	14%	16%	12%	13%	13%
	216	222	240	237	278	266	167	483	371	668	615	615	571
EPS in Rs	30.20	31.18	33.68	33.09	38.48	36.83	22.97	66.24	50.71	91.40	84.12	84.08	78.02
Dividend Payout %	66%	74%	80%	85%	78%	87%	144%	69%	95%	59%	67%	71%

Compounded Sales Growth
10 Years:	7%
5 Years:	15%
3 Years:	8%
TTM:	17%

Compounded Profit Growth
10 Years:	10%
5 Years:	28%
3 Years:	16%
TTM:	-22%

Stock Price CAGR
10 Years:	6%
5 Years:	10%
3 Years:	4%
1 Year:	-1%

Return on Equity
10 Years:	35%
5 Years:	38%
3 Years:	37%
Last Year:	29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025	Jun 2026
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	720	668	816	805	802	752	688	1,022	1,063	1,483	1,778	2,019	2,043
	0	0	0	0	0	0	0	109	72	31	227	235	277
	305	318	266	305	322	353	644	360	470	523	590	623	524
Total Liabilities	1,032	993	1,089	1,116	1,131	1,112	1,339	1,498	1,612	2,044	2,603	2,884	2,852
	71	59	61	51	49	39	146	185	152	119	461	438	489
CWIP	0	0	2	12	5	12	10	5	9	9	17	10	0
Investments	507	509	586	644	659	636	672	644	666	995	1,255	1,086	942
	454	425	441	410	418	425	511	664	784	920	869	1,351	1,421
Total Assets	1,032	993	1,089	1,116	1,131	1,112	1,339	1,498	1,612	2,044	2,603	2,884	2,852

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
	260	208	202	274	279	265	387	-103	189	281	319	236
	-134	49	11	-76	-79	-18	-118	385	125	148	104	204
	-112	-262	-227	-176	-195	-224	-242	-276	-355	-397	-435	-455
Net Cash Flow	14	-4	-14	21	6	24	26	6	-41	32	-13	-15
Free Cash Flow	249	192	182	246	258	243	362	-73	161	255	181	203
CFO/OP	122%	103%	95%	127%	127%	405%	235%	2%	117%	118%	183%	118%

Ratios

Standalone / View Consolidated

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Debtor Days	51	52	60	50	51	67	48	77	92	84	63	68
Inventory Days
Days Payable
Cash Conversion Cycle	51	52	60	50	51	67	48	77	92	84	63	68
Working Capital Days	-38	-35	11	3	-18	-44	-94	3	15	30	-9	35
ROCE %	44%	44%	46%	41%	47%	41%	30%	56%	38%	56%	38%	32%

Insights

In beta

Dec 2015

Dec 2016

Dec 2017

Dec 2018

Dec 2019

Dec 2020

Dec 2021

Dec 2022

Dec 2023

Dec 2024

Dec 2025

New Bank Loan Ratings (BLRs) announced
count

x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
		x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx
x	x		x	x	xx		xx	xx	xx	xx
		xxx	xxx	xxx	xxx	xxx	xxx	xxx	x,xxx	x,xxx
xx.xx		x.xx	x.xx	xx.xx	x.xx			xx.xx	xx.xx	xx.xx
								x,xxx	x,xxx	x,xxx
							xx,xxx		xx,xxx	xx,xxx

Please log in to see hidden values.

Permanent employees (consolidated)
count

Corporate bond issuance quantum
Rs billion

Countries with operational presence
count

Number of bond issuers (calendar year)
count

Bank credit growth (YoY, latest available month)
%

Active credit ratings outstanding
count

Number of clients served
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.66%	66.65%	66.65%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%	66.64%
	7.25%	7.19%	7.20%	7.17%	7.22%	7.55%	7.69%	8.08%	7.81%	7.67%	7.18%	6.38%
	13.08%	12.92%	12.94%	12.49%	12.70%	12.69%	12.38%	12.06%	12.17%	12.09%	12.61%	12.95%
	13.01%	13.23%	13.21%	13.69%	13.43%	13.13%	13.28%	13.21%	13.37%	13.59%	13.57%	14.02%
No. of Shareholders	43,145	46,428	49,675	58,612	57,736	56,843	62,095	68,832	74,565	81,642	81,755	88,482

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	67.05%	66.69%	67.53%	67.24%	67.05%	66.79%	66.69%	66.65%	66.64%	66.64%	66.64%
	6.00%	6.13%	5.76%	5.52%	6.71%	6.65%	6.90%	7.20%	7.69%	7.18%	6.38%
	11.07%	12.48%	11.88%	12.15%	12.08%	7.00%	13.16%	12.94%	12.38%	12.61%	12.95%
	15.88%	14.70%	14.83%	15.09%	14.16%	19.56%	13.27%	13.21%	13.28%	13.57%	14.02%
No. of Shareholders	24,484	25,154	29,194	33,180	31,945	46,670	47,276	49,675	62,095	81,755	88,482

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

All

Annual reports

Concalls

Jul 2026

Transcript

AI Summary
PPT
Apr 2026
Transcript PPT REC
Feb 2026

Transcript

AI Summary
PPT
Oct 2025

Transcript

AI Summary
PPT
Oct 2025

Transcript

AI Summary
PPT
Jul 2025

Transcript

AI Summary
PPT
Jul 2025

Transcript

AI Summary
PPT
May 2025
Transcript PPT
Feb 2025

Transcript

AI Summary
PPT
Oct 2024

Transcript

AI Summary
PPT
Jul 2024

Transcript

AI Summary
PPT
Apr 2024
Transcript PPT
Feb 2024

Transcript

AI Summary
PPT
Nov 2023

Transcript

AI Summary
PPT
Jul 2023

Transcript

AI Summary
PPT
Apr 2023
Transcript PPT
Feb 2023

Transcript

AI Summary
PPT
Oct 2022

Transcript

AI Summary
PPT
Jul 2022

Transcript

AI Summary
PPT
Apr 2022

Transcript

AI Summary
PPT
Feb 2021
Transcript
PPT
Oct 2020

Transcript

AI Summary
PPT
Feb 2020
Transcript PPT
Jul 2019

Transcript

AI Summary
PPT
Feb 2019
Transcript
PPT
Feb 2018
Transcript PPT
Feb 2017

Transcript

AI Summary
PPT
Feb 2017
Transcript PPT