As of 6 Nov 2026, CARE Ratings trades at 24.5× trailing earnings, below the industry P/E of 38.2×, and the shares are 15% below their 52-week high. It earns ROCE of 24% and ROE of 21%, and sales and net profit grew 19% and 27% a year over 3 years. It has almost no debt, and its dividend yield is 1.3%. It is a small-cap company with a market cap of ₹4,716 Cr, ranked 6th of 7 Financial Data & Stock Exchanges companies by market cap; the shares fell 1.1% over the past year.
- ₹1,575.50
- ₹1,579.90
- ₹1,534.50
- ₹1,588.10
- 64.6K
Health check
- ReturnsIn line
−1.1% over a year, better than 3 of 6 peers.
- Price tagCheaper
P/E 24.5 vs industry 38.2.
- GrowthSteady
Sales +19.2%, profit +27.0% a year over 3 years.
- ProfitabilityAverage
ROCE 24.1% vs peer median 30.6%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹4,716 Cr
- Small cap
- P/E
- 24.5
- Industry 38.2
- Price to book
- 4.70
- Peers 10.43
- Dividend yield
- 1.28%
- ROE
- 20.7%
- Peers 27.0%
- ROCE
- 24.1%
- Peers 30.6%
- Debt to equity
- 0.02
- Debt ₹24 Cr
- EPS (TTM)
- ₹63.94
- Face value ₹10
- OPM (TTM)
- 42.5%
- Net margin 37.2%
- Sales growth
- +20.4%
- Latest quarter vs a year ago
- Profit growth
- +26.8%
- Latest quarter vs a year ago
- Price to sales
- 9.09
- EV/EBITDA 18.4
Strengths and risks
Strengths
- Return on equity of 20.7%.
- Return on capital employed of 24.1%.
- Practically debt-free.
- Quarterly profit up 26.8% on a year ago.
- Quarterly sales up 20.4% on a year ago.
About CARE Ratings
CARE Ratings Limited, a credit rating agency, provides various rating and related services in India and internationally. It offers rating services for bank loan, debt instrument, bonds, long and short term instruments, InvITs, resolution plan, and non-convertible debentures; CDs for banks, bonds, mutual funds, and hybrid instruments; bank debt and capital market instruments, such as commercial papers, corporate bonds and debentures, and structured credit;…
- Headquarters
- Mumbai
- Employees
- 608
- Sector
- Financial Services
- ISIN
- INE752H01013
- Website
- careratings.com
Price range
- Avg volume (3M)
- 54K
- 1-year return
- minus 1.1%
- From 52-week high
- minus 14.9%
Peers · Financial Data & Stock Exchanges
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSENational Stock Exchange of Ind | 1,908.35 | plus 0.74% | 4,72,317 | 43.1 | 11.03 | 30.2% | 26.7% | 78.3% | – | – | 0.00% | plus 5.0% |
| BSEBSE | 3,800.00 | plus 0.26% | 1,54,329 | 50.8 | 16.95 | 40.9% | 38.7% | 65.7% | 76.5% | 124.5% | 0.26% | plus 51.8% |
| MCXMulti Commodity Exchange of India | 3,528.00 | plus 4.81% | 89,793 | 60.9 | 18.05 | 39.0% | 44.4% | 74.2% | 67.8% | 107.5% | 0.23% | plus 80.5% |
| CRISILCRISIL | 4,395.40 | minus 0.75% | 32,144 | 35.9 | 9.83 | 31.0% | 27.4% | 30.5% | 9.6% | 10.7% | 1.55% | minus 7.3% |
| NSDLNational Securities Depository | 764.15 | minus 1.25% | 15,283 | 38.2 | 6.09 | 21.2% | 17.1% | 25.4% | 14.4% | 17.4% | 0.52% | minus 29.9% |
| CARERATINGCARE Ratings | 1,564.20 | minus 1.50% | 4,716 | 24.5 | 4.70 | 24.1% | 20.7% | 42.5% | 19.2% | 27.0% | 1.28% | minus 1.1% |
| ICRAICRA | 4,431.40 | minus 1.57% | 4,267 | 21.4 | 3.58 | 20.5% | 17.5% | 35.4% | 14.3% | 10.3% | 1.58% | minus 30.4% |
| Median of 6 peers | – | −0.24% | 60,968 | 40.6 | 10.43 | 30.6% | 27.0% | 50.5% | 14.4% | 17.4% | 0.39% | −1.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 136 | 112 | 131 | 112 | 164 | |
| 68 | 71.8 | 69.9 | 77 | 79.5 | |
| 68.4 | 40.3 | 60.8 | 34.6 | 84.6 | |
| 50.2% | 36.0% | 46.5% | 31.0% | 51.6% | |
| 12.6 | 13 | 15.7 | 14.8 | 15.4 | |
| 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | |
| 3.5 | 3.7 | 3.8 | 3.9 | 3.9 | |
| 76.9 | 49 | 72 | 45 | 95.6 | |
| 25.6% | 25.4% | 25.8% | 26.6% | 24.3% | |
| 56.7 | 35.9 | 52.8 | 32.3 | 71.8 | |
| 18.81 | 11.91 | 17.51 | 10.70 | 23.82 |
Profit & loss
- Sales CAGR 3Y
- +19.2%
- Profit CAGR 3Y
- +27.0%
- EPS CAGR 3Y
- +26.3%
- ROE
- 20.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 279 | 332 | 402 | 473 | |
| – | +18.9% | +21.3% | +17.6% | |
| 174 | 218 | 246 | 275 | |
| 105 | 113 | 156 | 198 | |
| 37.7% | 34.1% | 38.8% | 41.9% | |
| 37.3 | 44 | 46.3 | 51.2 | |
| 1 | 1.7 | 2.1 | 2.5 | |
| 10.5 | 10.5 | 11.7 | 14.4 | |
| −5.2 | 1.6 | 3.6 | 3 | |
| 126 | 147 | 192 | 235 | |
| 32.0% | 30.1% | 27.2% | 26.2% | |
| 83.5 | 101 | 137 | 171 | |
| – | +20.3% | +36.5% | +24.7% | |
| 28.17 | 33.67 | 45.69 | 56.83 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.7 | 29.9 | 29.9 | 30 | |
| 643 | 687 | 776 | 902 | |
| 17.5 | 19.6 | 23.8 | 26.2 | |
| 79.9 | 105 | 128 | 146 | |
| 770 | 842 | 958 | 1,105 | |
| 97.4 | 98.1 | 103 | 105 | |
| – | 0.3 | 1.3 | 0.2 | |
| 55.6 | 50.4 | 139 | 291 | |
| 565 | 626 | 641 | 619 | |
| 51.9 | 67 | 73.7 | 89.5 | |
| 770 | 842 | 958 | 1,105 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 82.2 | 90.9 | 123 | 148 | |
| 12.9 | −39.1 | −58.4 | −94.5 | |
| −63.3 | −63 | −54 | −59.3 | |
| 31.8 | −11.1 | 10.5 | −6.2 | |
| −11.5 | −9.2 | −14.7 | −8.3 | |
| 70.7 | 81.7 | 108 | 139 | |
| −59.8 | −66.9 | −54.9 | −58.4 |
Shareholding pattern
- Public100.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 0.00% | 100.00% | 0.00 | |
| 30 Jun 2026 | 0.00% | 100.00% | 0.00 | |
| 31 Mar 2026 | 0.00% | 100.00% | 0.00 | |
| 31 Dec 2025 | 0.00% | 100.00% | 0.00 | |
| 30 Sep 2025 | 0.00% | 100.00% | – |
Major shareholders
Filings & events
News
No recent news coverage found.