Care Ratings Ltd.
Snapshot View

769.15 +42.70 ▲5.9%

02 August 2021, 04:00:00 P.M.
Volume: 73,271

Overview View Details

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Website http://www.careratings.com
Financial Indicators
Market Cap 2,266.01 Cr.
Earnings per share (EPS) 30.38 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 25.31 Trailing Twelve Months Ending 2021-03
Industry PE 49.07 Trailing Twelve Months Ending 2021-03
Book Value / Share 199.86 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.85 Calculated using Price: 769.15
Dividend Yield 2.21 Period Ending 2020-03
No. of Shares Subscribed 2.95 Cr. 29,461,214 Shares
FaceValue 10
Company Profile

CARE Ratings commenced operations in April 1993 and has established itself as the second-largest credit rating agency in India. CARE Ratings is proud of its rightful place in the Indian capital market built around investor confidence. The company has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.

CARE Ratings’ registered office and head office, is located at 4th floor, Godrej Coliseum, Somaiya Hospital Road, Sion (East), Mumbai 400 022. In addition, CARE Ratings has regional offices at Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Hyderabad, Jaipur, Kolkata, New Delhi and Pune.

To enhance its scope of business CARE Ratings has been nurturing global opportunities and made forays in different forms:

  • Launched a new international credit rating agency ‘ARC Ratings’ with 4 partners from Brazil, Portugal, Malaysia and South Africa.
  • Established a subsidiary CARE Ratings (Africa) Private Limited (CRAF) in Mauritius with equity partnership from African Development Bank (AfDB). CRAF is recognized by Bank of Mauritius as an External Credit Assessment Institution.
  • Established a subsidiary “CARE Ratings Nepal Ltd” to undertake rating services in Nepal which is licensed by the Securities Board of Nepal. CRNL provides credit ratings and related services inthe geography of Nepal.
  • Entered into strategic alliance with Japan Credit Ratings Agency (JCR).
  • Signed a Memorandum of Understanding (MoU) with Russian Rating Agency - Analytical Credit Rating Agency (ACRA) to assist each other towards developing a multilateral credit rating framework and undertake joint analytical research work.

Business area of the company

The company provides the entire spectrum of credit rating that helps the corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations. Its rating and grading service offerings leverage its domain and analytical expertise backed by the methodologies congruent with the international best practices.

Milestones

1997-2000

  • Launched ‘CARE Loan Ratings’ for rating term loans
  • Ventured into Advisory business and bagged 13 assignments
  • Initially started rating for Debt Mutual Funds
  • Obtained registration with SEBI when rating agencies came under its purview

2001-2004

  • Founding member of Association of Credit Rating Agency in Asia (ACRAA)
  • Launched Corporate Governance and Value Creation Rating
  • Signed MOU with NSIC for empanelment as an approach rating agency for small scale industries

2005-2008

  • IPO grading launched
  • Received ECAI recognition
  • Signed MOU with 19 banks to provide rating facilities under BASE II
  • Received mandate from Ministry of Urban Development for rating 13 ULBs under JNNURM
  • Completed 5,000 assignments

2009-2012

  • Made an IPO in 2012. Subscribed 34.05 times.
  • Listed on BSE and NSE.
  • Rated debt volume crossed Rs. 10 trillion
  • Foray in Maldives
  • Acquired Kalypto Risk Technologies Pvt. Ltd
  • Obtained 9001:2008 certification

2013-2019

  • CARE Ratings signs MoU with Russian Rating Agency - Analytical Credit Rating Agency (ACRA).
  • CARE Ratings assigned India’s First Consumer Durable Asset Pool Securitisation Rating.
  • Winner of The Financial Express CFO Platinum Award (1st rank in services category for companies with turn-over of less than 500 crore)
  • Launched “Expected Loss” rating for Infrastructure Projects
  • Launched CARE Advisory Research and Training Ltd, a subsidary of CARE Ratings, which Provides Financial Advisory and Management Consultancy services
  • CARE Ratings signs MoU to establish Credit Rating Agency in Nepal
  • CARE Ratings enters into a strategic alliance with Japan Credit Rating Agency, Ltd. (JCR) – 29/12/2015
  • Obtained a license for doing business in Mauritius and will operate under the banner of CARE Ratings (Africa) Private Limited (CRAF). CRAF was launched on 3rd August 2015.
  • Empanelled by Government of Karnataka for rating of Tourism sector in the state
  • Rated the first Green Infrastructure bond
  • Launched rating of Real Estate Investment Trusts (REITs)
  • Developed and launched a Debt Quality Index called CDQI. The Index denotes the quality of debt in the country that can be interpreted over time and juxtaposed with other developments in the financial sector.
  • In terms of rating business penetration attained highest share in BS top 1000 companies (45%), ET top 500 companies (54%) and FE top 500 companies (52%).
  • Partnered with four other domestic credit rating agencies in Brazil, Malaysia, Portugal and South Africa, to form an international credit rating agency called ARC Ratings.ARC Ratings was launched on January 2014 in London
  • Assigned rating to India’s first Alternate Investment Fund (AIF)
  • Rated India’s First Securitization Transaction backed by Mortgage Guarantee

2020

  • CARE Ratings signs MoU with Tresata Inc a world leader in AI software.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.88%
1 Week
+7.34%
1 Month
+0.40%
3 Month
+53.98%
6 Month
+49.28%
1 Year
+81.42%
2 Year
+57.99%
5 Year
-27.48%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 28.54 28.37 28.55 32.96 31.49 31.85 29.30 24.73 16.08
Return on Capital Employed (%) 39.66 39.98 39.70 46.94 46.48 45.76 41.74 35.18 19.39
Return on Assets (%) 25.04 20.10 16.99 17.52 14.82 15.74 14.97 11.82 9.30

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 377 424 485 359 409 520 597 550 533
Non Curr. Liab. 6 201 252 312 371 15 9 13 22
Curr. Liab. 46 75 87 78 86 475 551 611 61
Minority Int. 1 1 1 0 2 2 3
Equity & Liab. 430 701 825 749 866 1,010 1,159 1,177 619
Non Curr. Assets 164 406 506 565 657 144 317 335 322
Curr. Assets 266 295 319 184 209 866 842 842 297
Misc. Exp. not W/O
Total Assets 430 701 825 749 866 1,010 1,159 1,177 619

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 180 203 236 261 279 287 333 319 244
Other Income 28 29 36 44 9 34 25 30 31
Total Income 208 232 271 304 288 321 358 349 275
Total Expenditure -56 -68 -88 -101 -105 -105 -122 -144 -162
PBIDT 152 163 183 203 183 216 236 205 113
Interest -1 -1
Depreciation -2 -3 -3 -5 -4 -3 -3 -3 -8
Taxation -42 -47 -51 -59 -59 -65 -71 -64 -21
Exceptional Items
PAT 108 114 130 138 120 148 162 138 83

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 98 83 107 107 106 119 134 109 -30
Cash Fr. Inv. -7 -87 -46 157 -41 -22 -25 83 124
Cash Fr. Finan. -40 -40 -62 -276 -66 -96 -99 -195 -107
Net Change 51 -44 -1 -12 -1 1 11 -4 -13
Cash & Cash Eqvt 70 27 25 13 12 13 24 20 7

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Public 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 24 Jul 2021
Board Meeting Intimation for Meeting Scheduled To Be Held On Tuesday August 03 2021 Inter-Alia To Consider & Approve The Unaudited Financial Results For The Quarter Ended June 30 2021
CARE Ratings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/08/2021 inter alia to consider and approve Pursuant to Regulation 29 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Listing Regulations) this is to inform you that a meeting of the Board of Directors of CARE Ratings Limited (the Company) is scheduled to be held on Tuesday August 03 2021 inter-alia to consider and approve the Unaudited (Standalone & Consolidated ) Financial Results of the Company for the quarter ended June 30 2021.

Further to our intimation to the Stock Exchange vide our letter dated June 29 2021 for closure of trading window we would like to inform you that the trading window for dealing in the securities of the company which was closed on July 01 2021 will continue to remain closed till 48 hours after the declaration of the Financial Results as per the provisions of SEBI (Prohibition of Insider Trading Regulations) 2015.

You are requested to kindly take the above information on record.
Sat, 17 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Please find enclosed herewith Certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended 30th June 2021 received from M/s. KFIN Technologies Private Limited Registrar and Share Transfer Agent of our Company.

You are requested to kindly take the above information on record.
Sat, 17 Jul 2021
Shareholding for the Period Ended June 30 2021
CARE Ratings Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Mon, 02 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Close Crossing Last Week High Close Crossing Last Week High
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below

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