CRISIL Ltd
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]
- Market Cap ₹ 41,926 Cr.
- Current Price ₹ 5,730
- High / Low ₹ 5,921 / 3,661
- Stock P/E 65.4
- Book Value ₹ 201
- Dividend Yield 0.94 %
- ROCE 56.4 %
- ROE 51.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 19.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.6%
- Company has been maintaining a healthy dividend payout of 74.4%
Cons
- Stock is trading at 28.2 times its book value
- Tax rate seems low
- Earnings include an other income of Rs.502 Cr.
* 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 Diversified Financials Revenue Growth Index (I Nifty Midcap150 Quality 50 Nifty MidSmallcap 400 BSE 500 Nifty LargeMidcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
737 | 789 | 903 | 956 | 1,130 | 1,177 | 1,182 | 839 | 889 | 1,204 | 1,444 | 1,628 | 1,662 | |
465 | 520 | 604 | 651 | 777 | 850 | 860 | 748 | 702 | 952 | 1,202 | 1,288 | 1,385 | |
Operating Profit | 272 | 270 | 299 | 305 | 353 | 327 | 322 | 91 | 187 | 253 | 242 | 340 | 277 |
OPM % | 37% | 34% | 33% | 32% | 31% | 28% | 27% | 11% | 21% | 21% | 17% | 21% | 17% |
23 | 142 | 32 | 45 | 44 | 47 | 89 | 261 | 104 | 386 | 273 | 493 | 502 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 7 | 8 | 6 | 3 | 2 |
Depreciation | 24 | 23 | 24 | 24 | 29 | 28 | 29 | 24 | 66 | 70 | 68 | 67 | 46 |
Profit before tax | 270 | 389 | 307 | 325 | 368 | 346 | 381 | 328 | 218 | 561 | 442 | 763 | 731 |
Tax % | 29% | 28% | 30% | 32% | 35% | 31% | 27% | 19% | 24% | 14% | 16% | 12% | |
193 | 281 | 216 | 222 | 240 | 237 | 278 | 266 | 167 | 483 | 371 | 668 | 641 | |
EPS in Rs | 27.46 | 39.80 | 30.20 | 31.18 | 33.68 | 33.09 | 38.48 | 36.83 | 22.97 | 66.24 | 50.71 | 91.40 | 87.63 |
Dividend Payout % | 58% | 48% | 66% | 74% | 80% | 85% | 78% | 87% | 144% | 69% | 95% | 59% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 22% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 19% |
3 Years: | 59% |
TTM: | 17% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 25% |
3 Years: | 24% |
1 Year: | 32% |
Return on Equity | |
---|---|
10 Years: | 36% |
5 Years: | 40% |
3 Years: | 46% |
Last Year: | 51% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Jun 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 447 | 602 | 720 | 668 | 816 | 805 | 802 | 752 | 688 | 1,022 | 1,063 | 1,483 | 1,465 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109 | 72 | 31 | 26 | |
224 | 291 | 305 | 318 | 266 | 305 | 322 | 353 | 644 | 360 | 470 | 523 | 470 | |
Total Liabilities | 678 | 900 | 1,032 | 993 | 1,089 | 1,116 | 1,131 | 1,112 | 1,339 | 1,498 | 1,612 | 2,044 | 1,968 |
97 | 84 | 71 | 59 | 61 | 51 | 49 | 39 | 146 | 185 | 152 | 119 | 125 | |
CWIP | 0 | 0 | 0 | 0 | 2 | 12 | 5 | 12 | 10 | 5 | 9 | 9 | 41 |
Investments | 232 | 372 | 507 | 509 | 586 | 644 | 659 | 636 | 672 | 644 | 666 | 995 | 916 |
350 | 444 | 454 | 425 | 441 | 410 | 418 | 425 | 511 | 664 | 784 | 920 | 886 | |
Total Assets | 678 | 900 | 1,032 | 993 | 1,089 | 1,116 | 1,131 | 1,112 | 1,339 | 1,498 | 1,612 | 2,044 | 1,968 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
149 | 146 | 260 | 208 | 202 | 274 | 279 | 265 | 387 | -103 | 189 | 281 | |
-66 | -74 | -134 | 49 | 11 | -76 | -79 | -18 | -118 | 385 | 125 | 148 | |
-111 | -82 | -112 | -262 | -227 | -176 | -195 | -224 | -242 | -276 | -355 | -397 | |
Net Cash Flow | -28 | -10 | 14 | -4 | -14 | 21 | 6 | 24 | 26 | 6 | -41 | 32 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54 | 71 | 51 | 52 | 60 | 50 | 51 | 67 | 48 | 77 | 92 | 84 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 54 | 71 | 51 | 52 | 60 | 50 | 51 | 67 | 48 | 77 | 92 | 84 |
Working Capital Days | -28 | -30 | -38 | -35 | 11 | 3 | -18 | -44 | -94 | 17 | 27 | 33 |
ROCE % | 66% | 54% | 44% | 44% | 46% | 41% | 47% | 41% | 30% | 56% | 38% | 56% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
12 Dec - CRISIL approves Rs. 33.25 crores investment in Online PSB Loans.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Dec - Updated schedule for analyst meet on December 13, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Dec - Updated schedule for analyst meet on December 13, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Analyst meet scheduled for December 10, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Updated schedule for analyst meet on December 6, 2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Oct 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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Apr 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Jul 2023TranscriptNotesPPT
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Apr 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Apr 2022TranscriptNotesPPT
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Feb 2021TranscriptPPT
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Oct 2020TranscriptNotesPPT
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Feb 2020Transcript PPT
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Jul 2019TranscriptNotesPPT
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Feb 2019TranscriptPPT
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Feb 2018Transcript PPT
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Feb 2017TranscriptNotesPPT
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Feb 2017Transcript PPT
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]