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Care Ratings Ltd.

RatingsRatings

www.careedge.in BSE: 534804NSE: CARERATING

₹1,650.05BSE1.17%

16 Sep, 4:01 PM

₹1,650.05

₹4.97K Cr

27.97

5.17

20.10%

₹1,652.45

₹1,605.45

₹1,807.90

₹1,393.95

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Price Performance

Peer Comparison

Name
CRISIL LTD CRISIL	4,610.00	37.82	33,712.94	1.33	216.46	26.16%	1,075.39	27.56%	37.99
Care Ratings Ltd. CARERATING	1,650.05	27.97	4,968.18	1.33	32.99	24.52%	111.68	18.93%	27.36
ICRA ICRA	4,618.00	22.79	4,456.94	2.28	56.46	32.04%	163.37	31.23%	22.80

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90.15	78.92	117.37	96.38	109.65	93.91	136.37	112.12	130.67	111.68
Expenses	61.11	57.10	61.65	65.95	62.28	66.17	67.96	71.78	69.92	77.05
	29.03	21.82	55.72	30.43	47.37	27.74	68.41	40.34	60.75	34.63
	32.21%	27.65%	47.48%	31.57%	43.20%	29.54%	50.16%	35.98%	46.49%	31.01%
	10.29	11.87	11.86	11.85	15.17	13.70	12.58	12.99	15.71	14.80
Interest	0.46	0.46	0.49	0.56	0.60	0.60	0.61	0.65	0.63	0.60
	2.67	2.80	2.86	3.00	3.06	3.40	3.46	3.69	3.83	3.86
	36.19	30.43	64.23	38.72	58.89	37.44	76.91	48.99	72.01	44.97
	32.16%	29.72%	27.02%	26.74%	26.34%	29.23%	25.62%	25.42%	25.77%	26.64%
	24.09	20.74	46.09	27.81	42.61	25.78	56.67	35.89	52.83	32.26
	8.07	6.94	15.41	9.29	14.24	8.61	18.89	11.96	17.58	10.73

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	247.63	278.99	331.68	402.32	473.07
Operating Income (Net)	247.63	278.99	331.68	402.32	473.07
EXPENDITURE :
Power & Fuel Cost	0.81	1.15	1.17	1.27	1.24
Employee Cost	126.41	133.94	164.58	188.92	214.67
Operating Expenses	10.53	11.42	16.49	13.17	14.76
General and Administration Expenses	16.83	20.15	25.45	29.30	32.58
Selling and Distribution Expenses	2.78	2.09	3.08	3.68	5.60
Miscellaneous Expenses	10.67	10.89	8.78	10.62	6.83
	168.02	179.65	219.55	246.98	275.67
Operating Profit (Excl OI)	79.61	99.34	112.13	155.34	197.40
	27.19	37.94	46.69	50.75	54.81
	106.80	137.28	158.82	206.10	252.21
Interest	0.46	1.00	1.71	2.11	2.49
PBDT	106.34	136.28	157.11	203.99	249.73
	7.71	10.53	10.48	11.72	14.37
Profit Before Taxation & Exceptional Items	98.63	125.75	146.63	192.27	235.35
	98.63	125.75	146.63	192.27	235.35
Provision for Tax	21.80	40.29	44.07	52.26	61.66
	76.83	85.46	102.56	140.00	173.70
Extra items				0.00	0.00
Minority Interest	-1.72	-1.93	-2.04	-2.76	-2.52
Consolidated Net Profit	75.11	83.53	100.52	137.24	171.18
Profit Balance B/F	266.08	304.11	327.73	362.04	445.42
Appropriations	341.19	387.64	428.26	499.28	616.60
Equity Dividend %	170.00%	250.00%	180.00%	180.00%	220.00%
	25.33	28.12	33.67	45.85	56.97
Adjusted EPS	25.33	28.12	33.67	45.85	56.97

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	29.65	29.70	29.85	29.93	30.05
Share Warrants & Outstandings	7.87	6.45	5.10	5.41	4.95
Total Reserves	609.98	636.06	682.18	770.92	897.45
Reserve excluding Revaluation Reserve	609.98	636.06	682.18	770.92	897.45
Revaluation reserve	0.00
	647.49	672.21	717.13	806.27	932.45
Minority Interest	5.31	6.83	7.46	9.23	10.68
Deferred Tax Assets / Liabilities	3.72	4.94	5.48	6.59	5.86
Other Long Term Liabilities	5.64	15.28	17.15	20.49	21.82
Long Term Provisions	11.66	12.55	15.87	17.34	16.08
Total Non-Current Liabilities	21.02	32.77	38.50	44.42	43.76
Trade Payables	5.13	10.27	13.32	15.14	14.89
Other Current Liabilities	42.97	40.32	57.83	75.52	94.27
Short Term Provisions	535.49	7.22	7.52	7.14	8.52
Total Current Liabilities	583.59	57.81	78.68	97.80	117.68
Total Liabilities	1,257.42	769.62	841.76	957.73	1,104.57
Gross Block	114.60	136.22	147.35	167.81	178.55
Less: Accumulated Depreciation	18.98	28.93	38.53	48.60	56.15
Net Block	95.62	107.28	108.82	119.21	122.40
Non Current Investments	44.00	43.91	43.82	134.07	66.34
Long Term Investment	44.00	43.91	43.82	134.07	66.34
Long Term Loans & Advances	1.60	1.44	1.48	4.06	3.41
Other Non Current Assets	11.68	10.97	7.10	5.34	229.79
Total Non-Current Assets	161.08	167.83	167.21	265.61	427.26
Currents Investments					20.54
Sundry Debtors	16.64	20.38	22.49	32.09	35.04
Cash and Bank	82.16	56.45	58.38	97.00	129.02
Other Current Assets	20.21	17.80	21.59	17.60	21.93
Short Term Loans and Advances	977.32	507.15	572.10	545.44	470.79
Total Current Assets	1,096.34	601.79	674.55	692.13	677.31
Net Current Assets (Including Current Investments)	512.75	543.98	595.87	594.32	559.63
Total Assets	1,257.42	769.62	841.76	957.73	1,104.57
Contingent Liabilities	0.73	2.96	4.26	2.83	1.38
Total Debt	0.00	0.00	0.00	0.00	0.00
	215.75	224.16	238.52	267.56	308.68
Adjusted Book Value	215.75	224.16	238.52	267.56	308.68

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	98.63	125.75	146.63	192.27	235.35
Adjustment	-5.03	-15.91	-26.76	-30.51	-35.91
Changes In working Capital	3.74	4.12	13.36	11.84	12.61
Cash Flow after changes in Working Capital	97.33	113.96	133.23	173.60	212.06
Cash Flow from Operating Activities	68.00	82.24	90.88	122.95	147.57
Cash Flow from Investing Activities	-27.32	12.88	-39.07	-58.43	-94.45
Cash Flow from Financing Activitie	-35.14	-63.33	-62.96	-54.00	-59.33
Net Cash Inflow / Outflow	5.55	31.79	-11.14	10.53	-6.22
Opening Cash & Cash Equivalents	12.09	17.63	49.42	38.29	48.82
Closing Cash & Cash Equivalent	17.63	49.42	38.29	48.82	42.60

Ratios

Valuation

27.97

5.17

18.60

10.12

58.99

318.94

Profitability

20.10

27.36

16.84

41.73

36.72

Leverage & Liquidity

0.00

5.76

95.67

Returns

1.33

0.46

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	49.52	50.08	52.26	53.12	54.38	55.21	54.30	54.64	54.99
	50.48	49.93	47.74	46.88	45.62	44.79	45.70	45.37	45.01
	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
No. of Shareholders	53,140	53,602	52,007	51,395	61,111	56,931	59,139	58,978	58,466

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-29	Board Meeting	Quarterly Results
2026-05-14	AGM
2026-05-13	Ex Dividend	Rs.14.0000 per share(140%)Final Dividend	2026-06-25	2026-06-26

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

RatingsRatings

Care Ratings Ltd. operates in the Ratings sector under the Ratings industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Manoj Kumar

Company Secretary & Compliance Officer

—

CV Manoj Kumar

Company Secretary & Compliance Officer

—

V Chandrasekaran

Chairman

₹48.53 L

Mar '26

Najib Shah

Chairman

₹45.86 L

Mar '25

Gurumoorthy Mahalingam