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 ₹ 41,648 Cr.
- Current Price ₹ 5,695
- High / Low ₹ 5,921 / 3,661
- Stock P/E 62.2
- Book Value ₹ 307
- Dividend Yield 0.95 %
- ROCE 41.4 %
- ROE 32.3 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%
- Company has been maintaining a healthy dividend payout of 64.7%
Cons
- Stock is trading at 18.5 times its book value
* 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 150 MidCap Index Nifty 500 BSE 250 LargeMidCap Index BSE Financial Services Nifty MNC
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
978 | 1,111 | 1,253 | 1,380 | 1,548 | 1,658 | 1,748 | 1,732 | 1,982 | 2,301 | 2,769 | 3,140 | 3,265 | |
650 | 750 | 865 | 980 | 1,104 | 1,203 | 1,277 | 1,276 | 1,471 | 1,690 | 2,039 | 2,258 | 2,373 | |
Operating Profit | 328 | 361 | 389 | 400 | 443 | 455 | 471 | 456 | 511 | 611 | 730 | 882 | 892 |
OPM % | 34% | 32% | 31% | 29% | 29% | 27% | 27% | 26% | 26% | 27% | 26% | 28% | 27% |
20 | 103 | 24 | 43 | 50 | 25 | 73 | 73 | 83 | 123 | 122 | 94 | 96 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 14 | 9 | 6 | 4 | 3 |
Depreciation | 34 | 38 | 36 | 37 | 55 | 47 | 43 | 37 | 121 | 106 | 103 | 104 | 74 |
Profit before tax | 314 | 425 | 376 | 406 | 438 | 434 | 500 | 492 | 458 | 618 | 742 | 868 | 911 |
Tax % | 30% | 30% | 29% | 30% | 33% | 30% | 27% | 30% | 23% | 25% | 24% | 24% | |
220 | 298 | 268 | 285 | 294 | 304 | 363 | 344 | 355 | 466 | 564 | 658 | 670 | |
EPS in Rs | 31.38 | 42.16 | 37.62 | 40.04 | 41.26 | 42.46 | 50.35 | 47.57 | 48.87 | 63.92 | 77.25 | 90.06 | 91.57 |
Dividend Payout % | 51% | 45% | 53% | 57% | 65% | 66% | 60% | 67% | 68% | 72% | 62% | 60% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 12% |
3 Years: | 17% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 23% |
TTM: | 10% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 25% |
3 Years: | 24% |
1 Year: | 31% |
Return on Equity | |
---|---|
10 Years: | 31% |
5 Years: | 31% |
3 Years: | 32% |
Last Year: | 32% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 522 | 667 | 841 | 849 | 978 | 1,041 | 1,129 | 1,165 | 1,305 | 1,571 | 1,785 | 2,182 | 2,240 |
0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 132 | 83 | 47 | 45 | |
454 | 470 | 416 | 475 | 400 | 446 | 495 | 514 | 895 | 793 | 956 | 1,078 | 1,064 | |
Total Liabilities | 983 | 1,145 | 1,265 | 1,331 | 1,385 | 1,495 | 1,634 | 1,689 | 2,207 | 2,504 | 2,831 | 3,315 | 3,356 |
467 | 449 | 432 | 413 | 309 | 293 | 350 | 349 | 763 | 661 | 619 | 635 | 666 | |
CWIP | 0 | 0 | 0 | 3 | 4 | 13 | 7 | 12 | 14 | 5 | 14 | 31 | 41 |
Investments | 115 | 244 | 375 | 383 | 465 | 525 | 477 | 453 | 476 | 645 | 683 | 1,056 | 1,066 |
401 | 451 | 458 | 532 | 607 | 663 | 800 | 875 | 955 | 1,193 | 1,515 | 1,593 | 1,583 | |
Total Assets | 983 | 1,145 | 1,265 | 1,331 | 1,385 | 1,495 | 1,634 | 1,689 | 2,207 | 2,504 | 2,831 | 3,315 | 3,356 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
223 | 254 | 265 | 270 | 279 | 291 | 379 | 446 | 500 | 403 | 456 | 780 | |
-68 | -157 | -185 | 2 | -19 | -179 | -64 | -77 | -300 | -97 | -59 | -326 | |
-111 | -82 | -112 | -262 | -227 | -187 | -203 | -229 | -265 | -291 | -368 | -408 | |
Net Cash Flow | 44 | 15 | -31 | 10 | 33 | -75 | 111 | 140 | -64 | 15 | 29 | 47 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 44 | 39 | 41 | 52 | 49 | 57 | 59 | 42 | 57 | 86 | 100 | 80 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 44 | 39 | 41 | 52 | 49 | 57 | 59 | 42 | 57 | 86 | 100 | 80 |
Working Capital Days | -95 | -86 | -46 | -39 | -7 | 2 | -8 | -26 | -35 | -9 | 8 | -5 |
ROCE % | 66% | 60% | 48% | 45% | 45% | 41% | 45% | 42% | 37% | 38% | 41% | 41% |
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
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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]