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CARE Ratings LtdCARERATING.NSCompetitor analysis, valuation and peers

India · INR·Financials›Financial Publishing/Services
Momentum neutral 44
Mkt cap
$499M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$832,048
20-day average traded
Fwd P/E
23.3×
forward earnings
ROIC−WACC
n/a
WACC 11.0%
Hurdle
n/a
no reverse DCF
Next earnings
77 days
22 Jan 2027
Close · INR₹1,564
1D-1.5%
1W-5.7%
1M-2.0%
3M-9.6%
6M-5.2%
YTD-2.2%
1Y-2.6%
ATR %3.2%
Beta0.71
52w lowhigh14.9% off high

What CARE Ratings does

Employees: 648

CARE Ratings at a glance

Size CARE Ratings (CARERATING.NS) is an India Financials company (Financial Publishing/Services) with a market value of $499M, the 843rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,564 on 6 Nov 2026.

Performance Over six months the shares fell 5.2%, against -5.5% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 6 in its peer set.

Growth Revenue grew 18.9% over the last twelve months (peer median +3.9%); the operating margin is 39.7% (peer median 30.4%).

Valuation It trades at 23.3× forward earnings against a peer median of 17.7× (most expensive of 5).

Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).

Relative performance

9510010511011 May 202611 Aug 20266 Nov 2026CARERATING.NS 95Peer median 94
Six months, rebased to 100: CARE Ratings against the median of its 5 peers (local-currency closes).

CARE Ratings financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹5.19B₹4.73B₹4.02B₹3.32B₹2.79B
Revenue growth—+18%+21%+19%—
Gross profit₹2.06B₹2.40B₹1.98B₹1.49B₹1.32B
EBITDA₹2.21B₹2.01B₹1.58B₹1.14B₹1.07B
Net income₹1.93B₹1.71B₹1.37B₹1.01B₹835M
Free cash flown/a₹2.44B₹1.56B₹1.22B₹895M
Capital expendituren/a₹83.0M₹147M₹91.7M₹115M
Total debt₹241M₹262M₹238M₹196M₹175M

Quarterly statements and history in the cockpit →

CARE Ratings competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%0%+5%+10%ICRAENENTO030190034950TCUCARERATING.NS6-month return →1-month return →
Up and to the right = strong over both horizons. CARE Ratings is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%15×20×ICRAENENTO030190TCUCARERATING.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. CARE Ratings is the large dot.

CARE Ratings competitors and peer comparison

How CARE Ratings compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

CARE Ratings against its 5 peers (data as of 6 Nov 2026)
MeasureCARERATING.NSPeer medianRank in peer set
1-month return-2.0%+2.0%3rd lowest of 6
6-month return-5.2%-5.5%3rd highest of 6
Distance from 52-week high-14.9%-12.6%3rd lowest of 6
Revenue growth (TTM)+18.9%+3.9%2nd highest of 6
Operating margin39.7%30.4%2nd highest of 6
Forward P/E23.3×17.7×most expensive of 5

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
CARE Ratings CARERATING.NSIndia$499M-5%+19%40%23.3×n/an/a
ICRA ICRA.NSIndia$452M-18%+31%30%19.6×n/an/a
Enento ENENTO.HEFinland$438M+10%+4%24%17.3×n/an/a
NICE Information Service 030190.KSSouth Korea$754M+17%+9%18%11.2×n/an/a
Korea Ratings 034950.KSSouth Korea$330M-5%+1%31%n/an/an/a
Credit Bureau Asia TCU.SISingapore$179M-20%+1%47%18.1×n/an/a

Questions

Which companies are CARE Ratings's closest peers?
The cockpit's peer set: ICRA (ICRA.NS), Enento (ENENTO.HE), NICE Information Service (030190.KS), Korea Ratings (034950.KS), Credit Bureau Asia (TCU.SI).
Is CARE Ratings expensive compared with its peers?
On forward p/e it trades at 23.3× against a peer median of 17.7×, most expensive of 5 in its peer set.
How has CARE Ratings stock performed?
Over six months to 6 Nov 2026 the shares returned -5.2% against -5.5% for the median peer; over one year -2.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.