CRISIL
Crisil Limited
Credit ratings and risk analytics firm part of S&P Global
Financial Services›Financial Services›Finance›Other Financial Services
crisil.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹4547.90
Market cap
33,258 Cr
Stock P/E
37.6
P/B
10.17
Dividend yield
1.3%
ROE (year to Dec 2025)
25.3%
ROCE (year to Dec 2025)
35.1%
Operating margin (year to Dec 2025)
26.2%
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
Crisil is a company of S&P Global that sells credit ratings, research, analytics and risk solutions to banks, companies and other clients in India and overseas.
Company snapshot
1stBy market cap
Ranked among 15 companies in Other Financial Services.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 72.2% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Ratings services | 27.8% | 254 Cr | 94 Cr | 469 Cr |
| Research, Analytics and Solutions | 72.2% | 659 Cr | 191 Cr | 1,345 Cr |
What we see
Positives
- ✓Net margin of 21.0% — the business keeps a healthy share of every rupee it earns.
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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
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 736 Cr | 918 Cr | 738 Cr | 797 Cr | 812 Cr | 913 Cr | 813 Cr | 843 Cr | 911 Cr | 1,082 Cr | 1,058 Cr | 1,075 Cr |
| Operating expenses (approx.) | 544 Cr | 649 Cr | 546 Cr | 591 Cr | 588 Cr | 626 Cr | 581 Cr | 604 Cr | 648 Cr | 742 Cr | 739 Cr | 768 Cr |
| EBITDA | 192 Cr | 269 Cr | 192 Cr | 207 Cr | 224 Cr | 287 Cr | 232 Cr | 239 Cr | 263 Cr | 340 Cr | 319 Cr | 308 Cr |
| OPM % | 26.0% | 29.3% | 26.0% | 25.9% | 27.6% | 31.4% | 28.5% | 28.3% | 28.9% | 31.4% | 30.1% | 28.6% |
| Other income | 36 Cr | 36 Cr | 21 Cr | 18 Cr | 21 Cr | 30 Cr | 31 Cr | 24 Cr | 37 Cr | 27 Cr | 36 Cr | 21 Cr |
| Interest | 0.82 Cr | 0.78 Cr | 0.70 Cr | 0.65 Cr | 0.68 Cr | 2 Cr | 6 Cr | 6 Cr | 6 Cr | 5 Cr | 7 Cr | 7 Cr |
| Depreciation | 27 Cr | 25 Cr | 17 Cr | 16 Cr | 16 Cr | 21 Cr | 30 Cr | 32 Cr | 32 Cr | 35 Cr | 39 Cr | 42 Cr |
| Profit before tax | 200 Cr | 279 Cr | 195 Cr | 208 Cr | 229 Cr | 294 Cr | 227 Cr | 225 Cr | 262 Cr | 327 Cr | 308 Cr | 280 Cr |
| Tax % | 24.1% | 24.6% | 29.6% | 27.8% | 24.9% | 23.7% | 29.7% | 23.7% | 26.4% | 26.0% | 24.4% | 22.6% |
| Net profit | 152 Cr | 210 Cr | 138 Cr | 150 Cr | 172 Cr | 225 Cr | 160 Cr | 172 Cr | 193 Cr | 242 Cr | 233 Cr | 216 Cr |
| EPS (₹) | ₹20.79 | ₹28.74 | ₹18.84 | ₹20.53 | ₹23.46 | ₹30.72 | ₹21.86 | ₹23.46 | ₹26.41 | ₹33.02 | ₹31.90 | ₹29.60 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,658 Cr | 1,748 Cr | 1,732 Cr | 1,982 Cr | 2,301 Cr | 2,769 Cr | 3,140 Cr | 3,260 Cr | 3,649 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 1,203 Cr | 1,287 Cr | 1,286 Cr | 1,483 Cr | 1,695 Cr | 2,056 Cr | 2,271 Cr | 2,349 Cr | 2,564 Cr | Sign in free for the trailing twelve months |
| EBITDA | 455 Cr | 461 Cr | 446 Cr | 499 Cr | 606 Cr | 713 Cr | 868 Cr | 911 Cr | 1,085 Cr | Sign in free for the trailing twelve months |
| OPM % | 27.5% | 26.4% | 25.7% | 25.2% | 26.3% | 25.8% | 27.7% | 27.9% | 29.7% | Sign in free for the trailing twelve months |
| Other income | 25 Cr | 83 Cr | 83 Cr | 95 Cr | 82 Cr | 139 Cr | 107 Cr | 90 Cr | 107 Cr | Sign in free for the trailing twelve months |
| Interest | 0.41 Cr | 2 Cr | 0.23 Cr | 14 Cr | 9 Cr | 6 Cr | 4 Cr | 4 Cr | 22 Cr | Sign in free for the trailing twelve months |
| Depreciation | 47 Cr | 43 Cr | 37 Cr | 121 Cr | 106 Cr | 103 Cr | 104 Cr | 70 Cr | 129 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 434 Cr | 500 Cr | 492 Cr | 458 Cr | 618 Cr | 742 Cr | 868 Cr | 926 Cr | 1,041 Cr | Sign in free for the trailing twelve months |
| Tax % | 29.8% | 27.3% | 30.0% | 22.6% | 24.7% | 24.0% | 24.1% | 26.2% | 26.4% | Sign in free for the trailing twelve months |
| Net profit | 304 Cr | 363 Cr | 344 Cr | 355 Cr | 466 Cr | 564 Cr | 658 Cr | 684 Cr | 766 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹42.58 | ₹50.50 | ₹47.61 | ₹48.93 | ₹64.03 | ₹77.31 | ₹90.08 | ₹93.55 | ₹104.75 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | 65.4% | 59.4% | 60.8% | 54.4% | 62.0% | 56.3% | 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
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr |
| Reserves | 1,041 Cr | 1,129 Cr | 1,165 Cr | 1,305 Cr | 1,571 Cr | 1,785 Cr | 2,182 Cr | 2,558 Cr | 3,026 Cr |
| Borrowings | — | 3 Cr | 3 Cr | — | — | — | — | 250 Cr | — |
| Other liabilities | 446 Cr | 495 Cr | 514 Cr | 895 Cr | 925 Cr | 1,039 Cr | 1,125 Cr | 1,127 Cr | 1,599 Cr |
| Total liabilities | 1,495 Cr | 1,634 Cr | 1,689 Cr | 2,207 Cr | 2,504 Cr | 2,831 Cr | 3,315 Cr | 3,942 Cr | 4,632 Cr |
| Fixed assets (net) | 54 Cr | 41 Cr | 35 Cr | 250 Cr | 167 Cr | 47 Cr | 44 Cr | 160 Cr | 151 Cr |
| CWIP | — | 7 Cr | 12 Cr | 14 Cr | 0 Cr | 0 Cr | 0 Cr | 0.85 Cr | 2 Cr |
| Investments | 525 Cr | 477 Cr | 453 Cr | 476 Cr | 645 Cr | 683 Cr | 1,056 Cr | 1,454 Cr | 1,180 Cr |
| Loans & advances | — | 9 Cr | 7 Cr | 21 Cr | 7 Cr | 3 Cr | 4 Cr | 6 Cr | 8 Cr |
| Trade receivables | 260 Cr | 285 Cr | 199 Cr | 307 Cr | 399 Cr | 759 Cr | 690 Cr | 550 Cr | 687 Cr |
| Cash & bank | 85 Cr | 203 Cr | 342 Cr | 275 Cr | 290 Cr | 319 Cr | 366 Cr | 302 Cr | 320 Cr |
| Other assets | 570 Cr | 612 Cr | 640 Cr | 864 Cr | 996 Cr | 1,019 Cr | 1,154 Cr | 1,469 Cr | 2,284 Cr |
| Total assets | 1,495 Cr | 1,634 Cr | 1,689 Cr | 2,207 Cr | 2,504 Cr | 2,831 Cr | 3,315 Cr | 3,942 Cr | 4,632 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 287 Cr | 379 Cr | 446 Cr | 500 Cr | 403 Cr | 456 Cr | 780 Cr | 765 Cr | 756 Cr |
| Cash from investing | -177 Cr | -73 Cr | -71 Cr | -323 Cr | -88 Cr | -62 Cr | -327 Cr | -386 Cr | -268 Cr |
| Cash from financing | -187 Cr | -202 Cr | -229 Cr | -240 Cr | -291 Cr | -368 Cr | -408 Cr | -442 Cr | -470 Cr |
| Net cash flow | -77 Cr | 103 Cr | 146 Cr | -64 Cr | 299 Cr | 29 Cr | 47 Cr | -64 Cr | 18 Cr |
| Free cash flow (OCF − Capex) | 253 Cr | 345 Cr | 417 Cr | 466 Cr | 380 Cr | 415 Cr | 717 Cr | 592 Cr | 682 Cr |
Ratios
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 41.4% | 44.1% | 41.9% | 36.0% | 39.7% | 41.8% | 39.8% | 33.1% | 35.1% |
| ROE % | 29.0% | 32.0% | 29.3% | 27.0% | 29.5% | 31.5% | 30.1% | 26.7% | 25.3% |
| Debtor days | 57 | 59 | 42 | 57 | 63 | 100 | 80 | 62 | 69 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days payable | 12 | 13 | 16 | 19 | 21 | 19 | 17 | 21 | 15 |
| Cash conversion cycle | 45 | 46 | 26 | 37 | 42 | 81 | 63 | 41 | 54 |
| Debt / equity | — | 0.0022 | 0.0022 | — | — | — | — | 0.10 | — |
| Current ratio | — | 1.73 | 1.95 | 1.57 | 1.79 | 1.87 | 2.08 | 1.96 | 1.88 |
| Net debt / EBITDA | -0.19 | -0.43 | -0.76 | -0.55 | -0.48 | -0.45 | -0.42 | -0.06 | -0.29 |