CARERATING

CARE Ratings Limited

Credit-rating and analytics institution with ESG ratings and advisory services

Financial Services›Financial Services›Capital Markets›Ratings

careedge.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1603.90
Market cap
4,822 Cr
Stock P/E
27.1
P/B
5.17
Dividend yield
1.2%
ROE (FY26)
18.1%
ROCE (FY26)
25.2%
Operating margin (FY26)
38.7%
Debt / equity (FY26)
0.00

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

CARE Ratings (trading as CareEdge) is an Indian credit rating agency that rates companies and debt instruments for fees paid by issuers, and sells analytics, advisory and sustainability services alongside.

Company snapshot

1stBy market cap

Ranked among 2 companies in Ratings.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Others
11.9%
11 Cr-2 Cr46 Cr
Ratings and Related Services
88.1%
85 Cr29 Cr729 Cr

What we see

Positives
  • ✓Net margin of 36.7% — the business keeps a healthy share of every rupee it earns.
4 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales96 Cr79 Cr90 Cr79 Cr117 Cr96 Cr110 Cr94 Cr136 Cr112 Cr131 Cr112 Cr
Operating expenses (approx.)55 Cr55 Cr61 Cr57 Cr62 Cr66 Cr62 Cr66 Cr68 Cr72 Cr70 Cr77 Cr
EBITDA42 Cr23 Cr29 Cr22 Cr56 Cr30 Cr47 Cr28 Cr68 Cr40 Cr61 Cr35 Cr
OPM %43.5%29.7%32.2%27.7%47.5%31.6%43.2%29.5%50.2%36.0%46.5%31.0%
Other income11 Cr14 Cr10 Cr12 Cr12 Cr12 Cr15 Cr14 Cr13 Cr13 Cr16 Cr15 Cr
Interest0.41 Cr0.47 Cr0.46 Cr0.46 Cr0.49 Cr0.56 Cr0.60 Cr0.60 Cr0.61 Cr0.65 Cr0.63 Cr0.60 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr
Profit before tax50 Cr34 Cr36 Cr30 Cr64 Cr39 Cr59 Cr37 Cr77 Cr49 Cr72 Cr45 Cr
Tax %28.6%29.6%32.2%29.7%27.0%26.7%26.3%29.2%25.6%25.4%25.8%26.6%
Net profit36 Cr24 Cr25 Cr21 Cr47 Cr28 Cr43 Cr26 Cr57 Cr37 Cr53 Cr33 Cr
EPS (₹)₹11.83₹7.88₹8.07₹6.94₹15.42₹9.30₹14.24₹8.61₹18.90₹11.96₹17.58₹10.73

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales287 Cr333 Cr319 Cr244 Cr248 Cr248 Cr279 Cr332 Cr402 Cr473 CrSign in free for the trailing twelve months
Operating expenses (approx.)105 Cr122 Cr144 Cr162 Cr153 Cr168 Cr180 Cr220 Cr247 Cr276 CrSign in free for the trailing twelve months
EBITDA182 Cr211 Cr175 Cr81 Cr96 Cr80 Cr99 Cr112 Cr155 Cr197 CrSign in free for the trailing twelve months
OPM %63.4%63.4%54.8%33.4%38.5%32.1%35.6%33.8%38.6%41.7%Sign in free for the trailing twelve months
Other income34 Cr25 Cr30 Cr31 Cr31 Cr27 Cr38 Cr47 Cr51 Cr55 CrSign in free for the trailing twelve months
Interest——0 Cr0.93 Cr0.62 Cr0.46 Cr1 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr8 Cr8 Cr8 Cr11 Cr10 Cr12 Cr14 CrSign in free for the trailing twelve months
Profit before tax212 Cr233 Cr202 Cr104 Cr119 Cr99 Cr126 Cr147 Cr192 Cr235 CrSign in free for the trailing twelve months
Tax %30.5%30.4%31.6%19.8%23.3%22.1%32.0%30.1%27.2%26.2%Sign in free for the trailing twelve months
Net profit148 Cr162 Cr138 Cr83 Cr91 Cr77 Cr85 Cr103 Cr140 Cr174 CrSign in free for the trailing twelve months
EPS (₹)₹50.16₹54.54₹46.66₹27.96₹30.38₹25.45₹28.17₹33.77₹45.89₹57.06Sign in free for the trailing twelve months
Dividend payout %————43.7%49.9%69.9%65.2%39.2%33.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital29 Cr29 Cr29 Cr29 Cr29 Cr30 Cr30 Cr30 Cr30 Cr30 Cr
Reserves491 Cr567 Cr521 Cr504 Cr559 Cr618 Cr643 Cr687 Cr776 Cr902 Cr
Borrowings———————20 Cr——
Other liabilities64 Cr60 Cr63 Cr83 Cr79 Cr75 Cr92 Cr98 Cr142 Cr162 Cr
Total liabilities585 Cr659 Cr615 Cr619 Cr672 Cr727 Cr771 Cr842 Cr958 Cr1,105 Cr
Fixed assets (net)53 Cr51 Cr74 Cr74 Cr70 Cr79 Cr80 Cr98 Cr80 Cr81 Cr
CWIP0.07 Cr——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments466 Cr518 Cr439 Cr339 Cr239 Cr44 Cr44 Cr44 Cr134 Cr87 Cr
Loans & advances——0.66 Cr0.70 Cr1 Cr0.22 Cr0.29 Cr0.95 Cr1 Cr2 Cr
Trade receivables25 Cr39 Cr47 Cr41 Cr21 Cr17 Cr22 Cr22 Cr32 Cr35 Cr
Cash & bank13 Cr29 Cr20 Cr7 Cr12 Cr18 Cr49 Cr38 Cr49 Cr43 Cr
Other assets27 Cr21 Cr35 Cr158 Cr329 Cr570 Cr576 Cr638 Cr662 Cr857 Cr
Total assets585 Cr659 Cr615 Cr619 Cr672 Cr727 Cr771 Cr842 Cr958 Cr1,105 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity119 Cr138 Cr109 Cr-30 Cr86 Cr68 Cr82 Cr91 Cr123 Cr148 Cr
Cash from investing-22 Cr-25 Cr83 Cr124 Cr-38 Cr-27 Cr13 Cr-39 Cr-58 Cr-95 Cr
Cash from financing-96 Cr-99 Cr-195 Cr-107 Cr-43 Cr-35 Cr-63 Cr-63 Cr-54 Cr-59 Cr
Net cash flow1 Cr15 Cr-4 Cr-13 Cr5 Cr6 Cr32 Cr-11 Cr11 Cr-6 Cr
Free cash flow (OCF − Capex)118 Cr136 Cr82 Cr-34 Cr82 Cr49 Cr71 Cr82 Cr108 Cr139 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %40.8%38.9%36.5%19.6%20.1%15.2%18.7%19.9%23.8%25.2%
ROE %28.4%27.1%24.9%15.4%15.1%11.5%12.2%13.9%16.8%18.1%
Debtor days32435461312428252927
Inventory days——00000000
Days payable——004813151411
Cash conversion cycle32435461271715101515
Debt / equity———————0.03—0.00
Current ratio——5.714.9510.3411.0110.198.577.085.76
Net debt / EBITDA-0.07-0.14-0.11-0.09-0.12-0.22-0.50-0.17-0.31-0.22