Valuation CARE Ratings Limited

Stocks

Delayed NSE India S.E. Other stock markets 05:58:41 2026-08-03 am EDT			5-day change	1st Jan Change
1,712.40 ^INR	+0.17%		+0.98%	+7.33%

Jul. 01	CARE Ratings Limited Announces Appointment of Sanjay Agarwal as Chief Risk Officer, Effective August 1, 2026	CI
Jun. 04	Madras High Court Lifts Injunction Order Against CARE Ratings' Asset Transfer	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Market Cap ¹	15,133	19,092	33,416	33,105	43,523	51,369	-	-
Change	-	26.16%	75.03%	-0.93%	31.47%	18.03%	-	-
Enterprise Value (EV)	15,133	19,092	33,416	33,105	43,523	51,369	51,369	51,369
Change	-	26.16%	75.03%	-0.93%	31.47%	18.03%	0%	0%
P/E	20.2x	22.8x	33.2x	24.2x	25.5x	25.3x	21.9x	19x
PBR	2.34x	2.67x	4.61x	4.07x	4.68x	4.76x	4.15x	3.61x
PEG	-	2x	1.7x	0.7x	1x	1.3x	1.4x	1.3x
Capitalization / Revenue	6.11x	6.68x	10.1x	8.23x	9.2x	9.28x	8.06x	7.06x
EV / Revenue	0x	0x	0x	0x	0x	9.28x	8.06x	7.06x
EV / EBITDA	0x	0x	0x	0x	0x	22.3x	19x	16.6x
EV / EBIT	0x	0x	0x	0x	0x	24x	20.5x	17.9x
EV / FCF	0x	0x	0x	0x	0x	22.8x	19.9x	17.4x
FCF Yield	3.24%	3.71%	2.45%	3.27%	3.2%	4.39%	5.03%	5.76%
Dividend per Share ²	17	17	17	18	14	26.1	28.7	32.7
Rate of return	3.33%	2.64%	1.52%	1.63%	0.97%	1.53%	1.68%	1.91%
EPS ²	25.31	28.17	33.67	45.69	56.83	67.7	78.2	89.8
Distribution rate	67.2%	60.3%	50.5%	39.4%	24.6%	38.6%	36.7%	36.4%
Net sales ¹	2,476	2,859	3,317	4,023	4,731	5,535	6,375	7,276
EBITDA ¹	798.2	993.4	1,121	1,553	1,974	2,306	2,701	3,102
EBIT ¹	721.2	945.2	1,017	1,436	1,830	2,142	2,510	2,877
Net income ¹	751.1	835.3	1,005	1,372	1,712	2,032	2,347	2,695
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	510.45	642.80	1,119.40	1,106.00	1,448.50	1,709.50	1,709.50	1,709.50
Nbr of stocks (in thousands)	29,647	29,701	29,852	29,932	30,047	30,049	-	-
Announcement Date	5/29/22	5/11/23	5/9/24	5/12/25	5/13/26	-	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CARE RATINGS LIMITED	25.25x	-	-	1.53%	538M
MOODY'S CORPORATION	29.51x	10.63x	19.95x	0.87%	82.85B
CRISIL LIMITED	33.64x	-	-	1.93%	3.34B
ICRA LIMITED	25.28x	-	-	1.61%	494M
Average	28.42x	10.63x	19.95x	1.48%	21.8B
Weighted average by Cap.	29.62x	10.63x	19.95x	0.92%