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CARE Ratings Ltd

CARE Ratings Ltd

1,586.30
INR
-26.30
(-1.63%)
59.77EPS
27.90P/E
49.61BMarket Cap
Oct 29Next Earn
CARE Ratings Ltd
NSE:CARERATING
(National Stock Exchange of India)

Recent

price

1,586.30

P/E

ratio

27.90

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
62.89
71.11
81.86
89.85
96.11
97.67
111.78
108.27
82.7
84.33
83.91
94.08
111.42
134.54
157.68
163.46
Revenue per Share
37.69
39.78
44.96
47.53
41.14
50.17
54.57
46.66
27.96
30.38
25.45
28.17
33.77
45.89
57.06
59.16
Basic EPS, GAAP
31.44
27.03
35.97
33.06
35.61
40.09
44.14
27.95
21.32
27.73
16.61
23.85
27.45
36.19
46.42
- -
Free Cash Flow per Basic Share
14.14
13.95
32.9
94.77
31.32
33.72
33.35
66.31
35.08
13.5
12.98
20.15
22.47
18.36
19.45
- -
Dividend per Share
132.1
148.57
167.37
123.78
159.75
176.57
202.58
186.68
181.01
199.86
218.4
226.33
240.23
269.37
310.33
- -
Book Value per Share
129.36
146.04
164.88
120.94
156.96
173.76
199.49
183.48
177.84
195.98
212.83
221.56
234.55
262.49
302.6
- -
Tangible Book Value per Share
29
29
29
29
29
29
30
29
29
29
30
30
30
30
30
30
Basic Weighted Avg Shares
1,796
2,030
2,356
2,605
2,794
2,874
3,327
3,190
2,436
2,484
2,476
2,790
3,317
4,023
4,731
4,908
Sales/Revenue/Turnover
67.6
65.01
61.48
59.3
60.98
70.64
62.72
53.92
31.26
37.26
29.27
33.92
30.98
35.89
38.81
38.57
Operating Margin (%)
21
32
29
51
42
34
31
33
78
80
77
105
105
117
144
148
Depreciation Expense
1,076
1,136
1,294
1,378
1,196
1,476
1,624
1,375
824
895
751
835
1,005
1,372
1,712
1,777
Net Income, GAAP
28.05
29.06
28.2
29.99
32.96
30.53
30.35
31.56
19.8
23.33
22.1
32.04
30.05
27.18
26.2
25.81
Effective Tax Rate (%)
59.93
55.94
54.93
52.9
42.81
51.37
48.82
43.1
33.81
36.03
30.33
29.94
30.31
34.11
36.18
36.19
Profit Margin (%)
2,196
2,201
2,320
1,053
1,857
3,913
2,913
2,304
2,364
4,929
5,127
5,440
5,959
5,943
5,596
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
83
45
56
153
171
205
218
- -
LT Debt
3,778
4,249
4,863
3,589
4,697
5,205
5,989
5,523
5,365
5,930
6,528
6,790
7,246
8,155
9,431
- -
Total Equity
- -
23.26
22.9
25.73
27.68
28.39
25.92
20.36
10.84
11.88
8.9
8.92
9.89
13.22
14.94
- -
Return on Invested Capital (%)
- -
28.28
28.35
32.83
28.87
29.83
29.03
23.78
14.91
15.43
11.69
12.12
13.84
17.18
18.85
- -
Return on Capital (%)
- -
28.35
28.45
32.65
28.87
29.84
29.08
23.97
15.21
15.96
12.15
12.66
14.47
18.02
19.69
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
44
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
218
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
48,037
43,523
49,612

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
6,773
- -
Cash, Cash Equivalents & STI
- -
6,193
- -
Accounts Receivable, Net
- -
350
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,177
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
44
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.48%
9.8%
15.65%
Free Cash Flow
7.53%
16.19%
28.7%
Net Income, GAAP
6.34%
15.34%
24.73%
Sales/Revenue/Turnover
6.3%
14.02%
17.59%
Total Cash Common Dividend
4.98%
10.53%
6.27%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
789
1,174
964
1,097
4,023
2026
939
1,364
1,121
1,307
4,731
2027
1,117
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.94
15.41
9.3
14.24
45.89
2026
8.61
18.9
11.96
17.58
57.06
2027
10.73
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
18.36
2026
- -
- -
- -
- -
19.45
2027
- -
- -
- -
- -
- -
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Business
CARE Ratings Limited (CARERATING.NS), part of the CareEdge Group, operates as a leading Indian credit rating agency that provides comprehensive credit assessment services to assist corporates in raising capital through bank loans, debt instruments, bonds, long-term instruments, non-convertible debentures, preference shares, fixed deposits, short-term instruments, commercial paper, structured obligations, securitization products and infrastructure projects; it also offers research, analytics, risk management, advisory, ESG ratings, grading services across sectors including manufacturing, infrastructure, financial services and non-financial services. Founded in 1993 and headquartered in Mumbai, Maharashtra, the company maintains regional offices across India such as Ahmedabad, Bangalore, Chennai, Hyderabad, Jaipur, Kolkata, New Delhi and Pune, with international subsidiaries including CARE Ratings Nepal Limited, CARE Ratings (Africa) Private Limited, CARE Ratings South Africa (Pty) Limited and CareEdge Global IFSC Limited serving markets in Nepal, Africa, South Africa and Mauritius. Recent developments include signing a non-binding term sheet with State Bank of India dated 12 November 2025 for the bank to acquire a 9.9% stake in CareEdge Global from CARE Ratings; an April 2024 memorandum of understanding with African Peer Review Mechanism via CareEdge Africa to provide technical and financial assistance for establishing the Africa Credit Rating Agency; empanelment with the Association of Mutual Funds in India as an ESG rating provider in 2023; and a board recommendation on 12 November 2025 for an interim dividend.