CARE Ratings Limited
NSE: CARERATING · Ratings
Snapshot
Unlock CARE Ratings Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
CARE Ratings Limited is a credit rating agency that provides rating and grading services for debt instruments, bank loans, and financial institutions. The company also offers corporate advisory, project evaluation, and research analytics services to a diverse client base including banks and institutional investors.
Business Model
The company generates revenue primarily through fees charged for credit rating services, grading assignments, and specialized research and advisory offerings. It serves a broad spectrum of entities, ranging from corporate issuers and financial institutions to government bodies.
Growth Outlook
Growth is driven by the expansion of debt markets in India and increasing demand for credit analytics and due diligence services. The company continues to leverage its expertise in infrastructure and public finance to capture emerging opportunities in the financial sector.
Key Risks
- Regulatory Risk. The credit rating industry is subject to stringent oversight by SEBI, and changes in regulatory frameworks can impact operational compliance and profitability.
- Reputational Risk. The core value of a rating agency is its credibility; any perceived failure in rating accuracy or independence can lead to significant loss of business and legal liability.
- Economic Cyclicality. Demand for credit ratings is highly correlated with corporate debt issuance, which tends to decline during periods of economic slowdown or high interest rates.
- Competitive Intensity. The Indian rating market is highly competitive, with pricing pressures from established domestic and global players potentially impacting margins.
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Key Metrics
REVENUE
₹519 Cr
TTM · consolidated
NET PROFIT
₹195 Cr
TTM · consolidated
EPS
₹64.15
TTM · consolidated
RETURN ON EQUITY
21.0%
TTM · consolidated
P/E
25.5×
Q2 FY27 · consolidated
NET PROFIT MARGIN
44.1%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Ratings
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
CARE Ratings LimitedCARERATING | ₹4,994 Cr | 25.5× | — | 18.9% | 42.0% | 21.0% | — | +2.0% |
ICRA LimitedICRA | ₹4,151 Cr | 20.9× | — | 31.2% | 36.0% | 17.6% | — | -32.4% |
As of Q2 FY27
Financials
CARE Ratings Limited
NSE: CARERATING · Ratings
Snapshot
Unlock CARE Ratings Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
CARE Ratings Limited is a credit rating agency that provides rating and grading services for debt instruments, bank loans, and financial institutions. The company also offers corporate advisory, project evaluation, and research analytics services to a diverse client base including banks and institutional investors.
Business Model
The company generates revenue primarily through fees charged for credit rating services, grading assignments, and specialized research and advisory offerings. It serves a broad spectrum of entities, ranging from corporate issuers and financial institutions to government bodies.
Growth Outlook
Growth is driven by the expansion of debt markets in India and increasing demand for credit analytics and due diligence services. The company continues to leverage its expertise in infrastructure and public finance to capture emerging opportunities in the financial sector.
Key Risks
- Regulatory Risk. The credit rating industry is subject to stringent oversight by SEBI, and changes in regulatory frameworks can impact operational compliance and profitability.
- Reputational Risk. The core value of a rating agency is its credibility; any perceived failure in rating accuracy or independence can lead to significant loss of business and legal liability.
- Economic Cyclicality. Demand for credit ratings is highly correlated with corporate debt issuance, which tends to decline during periods of economic slowdown or high interest rates.
- Competitive Intensity. The Indian rating market is highly competitive, with pricing pressures from established domestic and global players potentially impacting margins.
Start your research today
Unlock AI insights, financials, peers and live data on CARE Ratings Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹519 Cr
TTM · consolidated
NET PROFIT
₹195 Cr
TTM · consolidated
EPS
₹64.15
TTM · consolidated
RETURN ON EQUITY
21.0%
TTM · consolidated
P/E
25.5x
Q2 FY27 · consolidated
NET PROFIT MARGIN
44.1%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q2 FY27 · consolidated
Peers · Ratings
As of Q2 FY27