CRISIL Ltd

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

CRISIL Ltd

₹ 5,484 -1.89%
22 Nov - 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 ₹ 40,103 Cr.
  • Current Price ₹ 5,484
  • High / Low ₹ 5,685 / 3,661
  • Stock P/E 62.6
  • Book Value ₹ 201
  • Dividend Yield 0.98 %
  • ROCE 56.4 %
  • ROE 51.2 %
  • Face Value ₹ 1.00
Edit ratios

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 27.2 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 Nifty LargeMidcap 250 BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index BSE Allcap BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
272 329 325 370 361 389 375 407 408 438 396 422 406
216 271 257 312 311 321 294 335 304 357 322 360 347
Operating Profit 56 59 67 58 49 68 81 72 104 81 75 62 59
OPM % 20% 18% 21% 16% 14% 17% 22% 18% 26% 18% 19% 15% 15%
53 121 62 72 60 78 69 159 78 190 39 97 176
Interest 2 3 2 1 1 1 1 1 1 1 0 0 0
Depreciation 13 22 17 16 17 17 17 16 17 17 10 10 10
Profit before tax 94 155 111 113 91 128 132 213 164 254 104 149 225
Tax % 16% 19% 20% 15% 15% 14% 17% 10% 18% 9% 23% 14% 11%
79 126 88 96 77 110 110 193 135 231 80 128 201
EPS in Rs 10.83 17.32 12.07 13.13 10.52 15.03 15.01 26.39 18.41 31.60 10.98 17.56 27.49
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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: 29%
3 Years: 19%
1 Year: 27%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.88% 66.79% 66.74% 66.72% 66.70% 66.69% 66.67% 66.66% 66.65% 66.65% 66.64% 66.64%
6.84% 6.65% 6.58% 6.69% 6.68% 6.90% 7.17% 7.25% 7.19% 7.20% 7.17% 7.22%
6.38% 7.00% 7.50% 13.10% 13.03% 13.16% 13.18% 13.08% 12.92% 12.94% 12.49% 12.70%
19.90% 19.56% 19.19% 13.50% 13.59% 13.27% 12.99% 13.01% 13.23% 13.21% 13.69% 13.43%
No. of Shareholders 44,20846,67052,58554,16254,55147,27642,12543,14546,42849,67558,61257,736

* 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