CRISIL Ltd

CRISIL Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

CRISIL Ltd

₹ 4,179 0.31%
28 Mar - close price
crisil.com BSE: 500092 NSE: CRISIL
About

CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.[1]

Key Points

Ratings Business (28% of revenues)[1]
India’s premier ratings agency having rated 35,000+ large and medium-scale entities.[2]
This is the most profitable business of company and accounts for 51% of total profits while contributing only 28% of revenues.[3]
The company separated its credit ratings business into a wholly owned subsidiary, CRISIL Ratings Ltd pursuant to changes in SEBI regulations.[4]

Website BSE NSE
  • Market Cap ₹ 30,560 Cr.
  • Current Price ₹ 4,179
  • High / Low ₹ 6,955 / 3,880
  • Stock P/E 49.6
  • Book Value ₹ 244
  • Dividend Yield 1.34 %
  • ROCE 40.1 %
  • ROE 37.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.2%
  • Company has been maintaining a healthy dividend payout of 61.5%
  • Debtor days have improved from 79.7 to 62.4 days.

Cons

  • Stock is trading at 17.1 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.501 Cr.
  • Working capital days have increased from 69.7 days to 149 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Credit Rating Agencies Industry: Miscellaneous

Part of BSE 500 BSE Quality Index Nifty MidSmallcap 400 Nifty MNC BSE 250 LargeMidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
329 325 370 361 389 375 407 408 438 396 422 406 441
271 257 312 311 321 294 335 304 357 322 360 347 386
Operating Profit 59 67 58 49 68 81 72 104 81 75 62 59 55
OPM % 18% 21% 16% 14% 17% 22% 18% 26% 18% 19% 15% 15% 12%
121 62 72 60 78 69 159 78 190 39 97 176 189
Interest 3 2 1 1 1 1 1 1 1 0 0 0 2
Depreciation 22 17 16 17 17 17 16 17 17 10 10 10 15
Profit before tax 155 111 113 91 128 132 213 164 254 104 149 225 228
Tax % 19% 20% 15% 15% 14% 17% 10% 18% 9% 23% 14% 11% 9%
126 88 96 77 110 110 193 135 231 80 128 201 206
EPS in Rs 17.32 12.07 13.13 10.52 15.03 15.01 26.39 18.41 31.60 10.98 17.56 27.49 28.20
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
789 903 956 1,130 1,177 1,182 839 889 1,204 1,444 1,628 1,665
520 604 651 777 850 860 748 702 952 1,202 1,288 1,414
Operating Profit 270 299 305 353 327 322 91 187 253 242 340 251
OPM % 34% 33% 32% 31% 28% 27% 11% 21% 21% 17% 21% 15%
142 32 45 44 47 89 261 104 386 273 493 501
Interest 0 0 0 0 0 1 0 7 8 6 3 3
Depreciation 23 24 24 29 28 29 24 66 70 68 67 43
Profit before tax 389 307 325 368 346 381 328 218 561 442 763 705
Tax % 28% 30% 32% 35% 31% 27% 19% 24% 14% 16% 12% 13%
281 216 222 240 237 278 266 167 483 371 668 616
EPS in Rs 39.80 30.20 31.18 33.68 33.09 38.48 36.83 22.97 66.24 50.71 91.40 84.22
Dividend Payout % 48% 66% 74% 80% 85% 78% 87% 144% 69% 95% 59% 31%
Compounded Sales Growth
10 Years: 6%
5 Years: 15%
3 Years: 11%
TTM: 2%
Compounded Profit Growth
10 Years: 11%
5 Years: 19%
3 Years: 12%
TTM: -6%
Stock Price CAGR
10 Years: 7%
5 Years: 28%
3 Years: 8%
1 Year: -18%
Return on Equity
10 Years: 36%
5 Years: 40%
3 Years: 41%
Last Year: 38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 602 720 668 816 805 802 752 688 1,022 1,063 1,483 1,779
0 0 0 0 0 0 0 0 109 72 31 227
291 305 318 266 305 322 353 644 360 470 523 590
Total Liabilities 900 1,032 993 1,089 1,116 1,131 1,112 1,339 1,498 1,612 2,044 2,603
84 71 59 61 51 49 39 146 185 152 119 472
CWIP 0 0 0 2 12 5 12 10 5 9 9 1
Investments 372 507 509 586 644 659 636 672 644 666 995 1,263
444 454 425 441 410 418 425 511 664 784 920 868
Total Assets 900 1,032 993 1,089 1,116 1,131 1,112 1,339 1,498 1,612 2,044 2,603

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
146 260 208 202 274 279 265 387 -103 189 281 320
-74 -134 49 11 -76 -79 -18 -118 385 125 148 103
-82 -112 -262 -227 -176 -195 -224 -242 -276 -355 -397 -435
Net Cash Flow -10 14 -4 -14 21 6 24 26 6 -41 32 -12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Debtor Days 71 51 52 60 50 51 67 48 77 92 84 62
Inventory Days
Days Payable
Cash Conversion Cycle 71 51 52 60 50 51 67 48 77 92 84 62
Working Capital Days -30 -38 -35 11 3 -18 -44 -94 17 27 33 149
ROCE % 54% 44% 44% 46% 41% 47% 41% 30% 56% 38% 56% 40%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
66.79% 66.74% 66.72% 66.70% 66.69% 66.67% 66.66% 66.65% 66.65% 66.64% 66.64% 66.64%
6.65% 6.58% 6.69% 6.68% 6.90% 7.17% 7.25% 7.19% 7.20% 7.17% 7.22% 7.55%
7.00% 7.50% 13.10% 13.03% 13.16% 13.18% 13.08% 12.92% 12.94% 12.49% 12.70% 12.69%
19.56% 19.19% 13.50% 13.59% 13.27% 12.99% 13.01% 13.23% 13.21% 13.69% 13.43% 13.13%
No. of Shareholders 46,67052,58554,16254,55147,27642,12543,14546,42849,67558,61257,73656,843

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls