Care Ratings Limited

BSE: 534804 NSE: CARERATING
Care Ratings Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L67190MH1993PLC071691 Incorporated 21 April 1993 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: CARERATING · BSE: 534804 Public Limited Company financial services
Data last updated
Revenue · FY 2026
₹473.07 Cr
▲ 17.59% YoY
Computed EBITDA · FY 2026
₹252.21 Cr
▲ 22.38% YoY
Net profit · FY 2026
₹173.7 Cr
▲ 24.07% YoY
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹30.06 Cr
Issued & subscribed
Open charges
None
Satisfied ₹1.53 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
571
Latest available

About Care Ratings Limited

Data last updated: 14 July 2026

Care Ratings Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in credit rating agencies, a part of the broader financial services sector. Incorporated on 21 April 1993, the company has been in operation for over 33 years.

Registered with ROC Mumbai under CIN L67190MH1993PLC071691. Listed on BSE: 534804 and NSE: CARERATING.

Capital: an authorised share capital of ₹35 Cr and a paid-up capital of ₹30.06 Cr. Formerly known as Care Ratings Limited and Credit Analysis and Research Limited. It is led by directors including Gurumoorthy Mahalingam and Venkatadri Chandrasekaran.

Last AGM: 10 July 2025. Financial statements filed for year ended 31 March 2025. Office: Godrej Coliseum 4Th Flr Somaiya Hosp Road Off E Exp Highway Sion E, Mumbai, Maharashtra, India – 400022.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹473.07 Cr, a growth of 17.59% compared to the previous year. The net worth stands at ₹943.13 Cr (up 15.65% YoY). Total assets are valued at ₹1,104.74 Cr (up 15.35% YoY).

The company has a workforce of approximately 571 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 4 brands - Amul Dairy, Peoplewiz Consulting, Care Ratings, Careedge. As per MCA filings, the company has satisfied charges of ₹1.53 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website careratings.com.

Company Details of Care Ratings Limited
CIN L67190MH1993PLC071691
Registration Number 071691
Incorporation Date 21 April 1993
ROC Mumbai
Listing Status Listed (BSE: 534804, NSE: CARERATING)
Company Status Active
Date of Last AGM 10 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Mehul Harshadray Pandya Managing Director Gurumoorthy Mahalingam Director Venkatadri Chandrasekaran Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    careratings.com
  • Social Media
  • Registered Address
    Godrej Coliseum 4Th Flr Somaiya Hosp Road Off E Exp Highway Sion E, Mumbai, Maharashtra, India – 400022
  • Industry
    Financial Services, Credit Rating Agencies
Company report
Care Ratings Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Care Ratings Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Care Ratings Limited

Care Ratings Limited has undergone 2 name changes throughout its history. The company was previously known as Care Ratings Limited, and Credit Analysis And Research Limited. The current legal name is Care Ratings Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Care Ratings Limited Current
Credit Analysis And Research Limited Previous

CIN History of Care Ratings Limited

Care Ratings Limited has one previous CIN (Corporate Identification Number): U67190MH1993PLC071691. The current CIN is L67190MH1993PLC071691, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L67190MH1993PLC071691 Current
U67190MH1993PLC071691 Previous

Associated Brands with Care Ratings Limited

Care Ratings Limited operates multiple associated brands including Amul Dairy, Peoplewiz Consulting, and CARE Ratings. These brands represent Care Ratings Limited's diversified market presence and brand portfolio.

Brand Description Website
Amul Dairy
Cooperative organization for milk production, animal health, and dairy services in India. amuldairy.com
Peoplewiz Consulting
Delivers comprehensive solutions in talent management, employee branding, and workforce analytics. peoplewizconsulting.com
CARE Ratings
Provider of independent credit ratings and assessments for businesses careratings.com
CareEdge
Provider of credit ratings, analytics, consulting, and sustainability services careedge.in

Competitors & Alternatives of Care Ratings Limited

Brands and companies operating in the same space as Care Ratings Limited include Randstad, CIEL HR, Sid's Farm and 7 more.

Competitor Description Location Founded
Randstad Randstad HR consulting, recruitment, and outsourcing services are offered worldwide. Diemen, Netherlands, Netherlands 1960
CIEL HR CIEL HR HR management, recruitment, and staffing services are provided. Bengaluru, India, India 2015
Sid's Farm Sid's Farm Subscription-based dairy products are delivered via an internet-first brand. Hyderabad, India, India 2013
Dodla Dairy Dodla Dairy Multi-category dairy products are manufactured and branded. Hyderabad, India, India 1995
Alera Group Alera Group HR, insurance, and liability services are provided by Alera Group. Deerfield, United States, United States 1995
UKG UKG Provider of HR and payroll & workforce management solutions Weston, United States, United States 1977
Wanted Wanted HR management services are provided by Wanted in South Korea. Seoul, South Korea, South Korea 2015
Bullhorn Bullhorn Cloud-based ATS and CRM systems are offered for staffing agencies. Boston, United States, United States 1999
Fitch Ratings Fitch Ratings Credit ratings and global financial data are aggregated for investors. New York, United States, United States 1913
Milk Mantra Milk Mantra Multi-category dairy products are supplied to urban consumers. Bhubaneswar, India, India 2009

Business Activity of Care Ratings Limited

Care Ratings Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
K Financial and insurance Service K8 Other financial activities Locked
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Business activity turnover details for Care Ratings Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

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Auditor Details of Care Ratings Limited

Care Ratings Limited is audited by M/s BSR & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s BSR & Co LLP (ICAI peer reviewed, certificate valid till 2028-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Care Ratings Limited

Care Ratings Limited is currently managed by 8 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Gurumoorthy Mahalingam
Also directs: Thomas Cook (India) Limited, City Union Bank Limited, Central Depository Services (India) Limited and 2 more
Director 21 Nov 2022 3 Years 9 Months Current
Venkatadri Chandrasekaran
Also directs: Grasim Industries Ltd, Ultratech Cement Limited, Tata Investment Corporation Limited and 4 more
Director 15 Nov 2017 8 Years 9 Months Current
Mehul Harshadray Pandya
Also directs: Care Esg Ratings Limited, Care Analytics And Advisory Private Limited, Careedge Global Ifsc Limited and 2 more
Managing Director 29 Jul 2022 4 Years 0 Months Current
Sobhag Jain
Also directs: Primo Chemicals Limited, Rkec Projects Limited, The Byke Hospitality Limited and 4 more
Director 28 Jan 2023 3 Years 6 Months Current
Bimalkumar Natvarlal Patel
Also directs: Nse Sustainability Ratings & Analytics Limited, Nse Data & Analytics Limited, Nse Indices Limited and 2 more
Additional Director 12 Nov 2025 0 Years 9 Months Current
Rajiv Bansal
Also directs: Bse Limited, Mahindra Agri Solutions Limited, Jk Maini Precision Technology Limited and 2 more
Director 30 May 2025 1 Years 2 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Care Ratings Limited FY 2026 filings available

Care Ratings Limited reported revenue of ₹473.07 Cr (up 17.59% YoY) for FY 2026.

Revenue · FY 2026
₹473.07 Cr ▲ 17.59%
Profit · FY 2026
₹173.7 Cr ▲ 24.07%
Computed EBITDA · FY 2026
₹252.21 Cr ▲ 22.38%
Revenue₹ Cr · Consolidated0200400600FY 2020: ₹244 Cr244FY 2020FY 2021: ₹248 Cr · +2% YoY248+2%FY 2021FY 2022: ₹248 Cr · -0.3% YoY248-0.3%FY 2022FY 2023: ₹279 Cr · +12.7% YoY279+12.7%FY 2023FY 2024: ₹332 Cr · +18.9% YoY332+18.9%FY 2024FY 2025: ₹402 Cr · +21.3% YoY402+21.3%FY 2025FY 2026: ₹473 Cr · +17.6% YoY473+17.6%FY 2026
Net Profit₹ Cr · Consolidated0100200FY 2020: ₹83 Cr83.5FY 2020FY 2021: ₹91 Cr · +9% YoY91+9%FY 2021FY 2022: ₹77 Cr · -15.5% YoY76.8-15.5%FY 2022FY 2023: ₹85 Cr · +11.2% YoY85.5+11.2%FY 2023FY 2024: ₹103 Cr · +20% YoY103+20%FY 2024FY 2025: ₹140 Cr · +36.5% YoY140+36.5%FY 2025FY 2026: ₹174 Cr · +24.1% YoY174+24.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year050100150Q1'25: ₹79 Cr · +18.8% YoY78.9+18.8%Q1'25Q2'25: ₹117 Cr · +21.7% YoY117+21.7%Q2'25Q3'25: ₹96 Cr · +22.5% YoY96.4+22.5%Q3'25Q4'25: ₹110 Cr · +21.6% YoY110+21.6%Q4'25Q1'26: ₹94 Cr · +19% YoY93.9+19%Q1'26Q2'26: ₹136 Cr · +16.2% YoY136+16.2%Q2'26Q3'26: ₹112 Cr · +16.3% YoY112+16.3%Q3'26Q4'26: ₹131 Cr · +19.2% YoY131+19.2%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹473.07 Cr ₹402.32 Cr ₹331.68 Cr ₹278.99 Cr ₹247.63 Cr ₹248.45 Cr ₹243.64 Cr
Other Income ₹54.81 Cr ₹50.75 Cr ₹46.69 Cr ₹37.94 Cr ₹27.19 Cr ₹31.29 Cr ₹31.47 Cr
Total Income ₹527.89 Cr ₹453.07 Cr ₹378.38 Cr ₹316.93 Cr ₹274.82 Cr ₹279.74 Cr ₹275.11 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹214.67 Cr ₹188.92 Cr ₹164.58 Cr ₹133.94 Cr ₹126.41 Cr ₹119.86 Cr ₹109.27 Cr
Finance Costs ₹2.49 Cr ₹2.11 Cr ₹1.71 Cr ₹1 Cr ₹46.38 Lakh ₹61.75 Lakh ₹92.75 Lakh
Depreciation & Amortisation ₹14.37 Cr ₹11.72 Cr ₹10.48 Cr ₹10.53 Cr ₹7.71 Cr ₹7.8 Cr ₹7.77 Cr
Other Expenses ₹61 Cr ₹58.05 Cr ₹54.97 Cr ₹45.71 Cr ₹41.61 Cr ₹32.81 Cr ₹53.05 Cr
Total Expenses ₹292.53 Cr ₹260.81 Cr ₹231.75 Cr ₹191.18 Cr ₹176.19 Cr ₹161.09 Cr ₹171.02 Cr
Profit Before Exceptional Items & Tax ₹235.35 Cr ₹192.27 Cr ₹146.63 Cr ₹125.75 Cr ₹98.63 Cr ₹118.65 Cr ₹104.09 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹235.35 Cr ₹192.27 Cr ₹146.63 Cr ₹125.75 Cr ₹98.63 Cr ₹118.65 Cr ₹104.09 Cr
Total Tax Expense ₹61.66 Cr ₹52.26 Cr ₹44.07 Cr ₹40.29 Cr ₹21.8 Cr ₹27.68 Cr ₹20.61 Cr
Net Profit ₹173.7 Cr ₹140 Cr ₹102.56 Cr ₹85.46 Cr ₹76.83 Cr ₹90.97 Cr ₹83.48 Cr
  attributable to Owners ₹171.18 Cr ₹137.24 Cr ₹100.52 Cr ₹82.66 Cr ₹75.11 Cr ₹89.52 Cr ₹82.37 Cr
  attributable to NCI ₹2.52 Cr ₹2.76 Cr ₹2.04 Cr ₹1.94 Cr ₹1.72 Cr ₹1.45 Cr ₹1.11 Cr
Other Comprehensive Income ₹2.59 Cr -₹26.29 Lakh -₹24.3 Lakh -₹85.3 Lakh ₹7.83 Cr ₹2.16 Cr -₹86.03 Lakh
Total Comprehensive Income ₹176.29 Cr ₹139.74 Cr ₹102.32 Cr ₹84.61 Cr ₹84.66 Cr ₹93.13 Cr ₹82.62 Cr
EBITDA (computed) ₹252.21 Cr ₹206.1 Cr ₹158.82 Cr ₹137.28 Cr ₹106.8 Cr ₹127.07 Cr ₹112.79 Cr
Basic EPS ₹57.06 ₹45.89 ₹33.77 ₹28.17 ₹25.45 ₹30.38 ₹27.96
Diluted EPS ₹56.83 ₹45.69 ₹33.67 ₹28.17 ₹25.31 ₹30.33 ₹27.96
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,104.74 Cr ₹957.74 Cr ₹841.76 Cr ₹771.03 Cr
Non-current Assets ₹427.43 Cr ₹265.62 Cr ₹167.21 Cr ₹167.83 Cr
Current Assets ₹677.31 Cr ₹692.13 Cr ₹674.55 Cr ₹603.2 Cr
Property, Plant & Equipment ₹81.33 Cr ₹79.94 Cr ₹97.85 Cr ₹80.23 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹35.04 Cr ₹32.09 Cr ₹22.49 Cr ₹21.51 Cr
Cash & Equivalents ₹42.6 Cr ₹48.82 Cr ₹38.29 Cr ₹49.42 Cr
Equity (Net Worth) ₹943.13 Cr ₹815.5 Cr ₹724.58 Cr ₹679.04 Cr
Equity Share Capital ₹30.05 Cr ₹29.93 Cr ₹29.85 Cr ₹29.7 Cr
Borrowings (Non-current) ₹0 ₹0 ₹17.15 Cr ₹0
Borrowings (Current) ₹0 ₹0 ₹2.41 Cr ₹0
Total Debt (computed) ₹0 ₹0 ₹19.55 Cr ₹0
Current Liabilities ₹117.68 Cr ₹97.8 Cr ₹78.68 Cr ₹59.22 Cr
Total Liabilities ₹161.61 Cr ₹142.24 Cr ₹117.17 Cr ₹91.99 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹147.68 Cr ₹122.95 Cr ₹90.88 Cr ₹82.24 Cr ₹68 Cr
Investing Cash Flow -₹94.56 Cr -₹58.43 Cr -₹39.07 Cr ₹12.88 Cr -₹27.32 Cr
Financing Cash Flow -₹59.33 Cr -₹54 Cr -₹62.96 Cr -₹63.33 Cr -₹35.14 Cr
Capital Expenditure ₹8.3 Cr ₹14.74 Cr ₹9.17 Cr ₹11.51 Cr ₹18.98 Cr
Free Cash Flow (computed) ₹139.38 Cr ₹108.22 Cr ₹81.71 Cr ₹70.74 Cr ₹49.02 Cr
Dividends Paid ₹58.36 Cr ₹54.91 Cr ₹66.89 Cr ₹59.76 Cr ₹38.3 Cr
Net Change in Cash -₹6.22 Cr ₹10.53 Cr -₹11.14 Cr ₹31.79 Cr ₹5.55 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹130.67 Cr ₹112.12 Cr ₹136.37 Cr ₹93.91 Cr ₹109.65 Cr ₹96.38 Cr ₹117.37 Cr ₹78.92 Cr ₹90.15 Cr ₹78.68 Cr ₹96.44 Cr ₹66.42 Cr
Other Income ₹15.71 Cr ₹12.99 Cr ₹12.58 Cr ₹13.7 Cr ₹15.17 Cr ₹11.85 Cr ₹11.86 Cr ₹11.87 Cr ₹10.29 Cr ₹13.68 Cr ₹11.19 Cr ₹11.53 Cr
Total Income ₹146.38 Cr ₹125.11 Cr ₹148.95 Cr ₹107.6 Cr ₹124.82 Cr ₹108.23 Cr ₹129.23 Cr ₹90.79 Cr ₹100.44 Cr ₹92.36 Cr ₹107.63 Cr ₹77.95 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹52.57 Cr ₹55.13 Cr ₹53.28 Cr ₹53.7 Cr ₹47.12 Cr ₹50.33 Cr ₹45.73 Cr ₹45.74 Cr ₹43.24 Cr ₹42.51 Cr ₹40.46 Cr ₹38.38 Cr
Finance Costs ₹62.54 Lakh ₹64.7 Lakh ₹61.44 Lakh ₹59.94 Lakh ₹59.64 Lakh ₹55.75 Lakh ₹49.22 Lakh ₹46.21 Lakh ₹45.65 Lakh ₹46.89 Lakh ₹40.62 Lakh ₹38.06 Lakh
Depreciation & Amortisation ₹3.83 Cr ₹3.69 Cr ₹3.46 Cr ₹3.4 Cr ₹3.06 Cr ₹3 Cr ₹2.85 Cr ₹2.8 Cr ₹2.67 Cr ₹2.6 Cr ₹2.63 Cr ₹2.57 Cr
Other Expenses ₹17.35 Cr ₹16.66 Cr ₹14.68 Cr ₹12.47 Cr ₹15.16 Cr ₹15.62 Cr ₹15.92 Cr ₹11.35 Cr ₹17.87 Cr ₹12.82 Cr ₹14.07 Cr ₹10.2 Cr
Total Expenses ₹74.37 Cr ₹76.12 Cr ₹72.04 Cr ₹70.16 Cr ₹65.94 Cr ₹69.51 Cr ₹64.99 Cr ₹60.36 Cr ₹64.24 Cr ₹58.4 Cr ₹57.57 Cr ₹51.54 Cr
Profit Before Exceptional Items & Tax ₹72.01 Cr ₹48.99 Cr ₹76.91 Cr ₹37.44 Cr ₹58.89 Cr ₹38.72 Cr ₹64.23 Cr ₹30.43 Cr ₹36.19 Cr ₹33.96 Cr ₹50.06 Cr ₹26.41 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹72.01 Cr ₹48.99 Cr ₹76.91 Cr ₹37.44 Cr ₹58.89 Cr ₹38.72 Cr ₹64.23 Cr ₹30.43 Cr ₹36.19 Cr ₹33.96 Cr ₹50.06 Cr ₹26.41 Cr
Total Tax Expense ₹18.56 Cr ₹12.45 Cr ₹19.7 Cr ₹10.94 Cr ₹15.51 Cr ₹10.35 Cr ₹17.35 Cr ₹9.04 Cr ₹11.64 Cr ₹10.04 Cr ₹14.33 Cr ₹8.06 Cr
Net Profit ₹53.45 Cr ₹36.54 Cr ₹57.21 Cr ₹26.5 Cr ₹43.37 Cr ₹28.37 Cr ₹46.88 Cr ₹21.38 Cr ₹24.55 Cr ₹23.92 Cr ₹35.73 Cr ₹18.36 Cr
  attributable to Owners ₹52.83 Cr ₹35.9 Cr ₹56.67 Cr ₹25.78 Cr ₹42.61 Cr ₹27.8 Cr ₹46.09 Cr ₹20.73 Cr ₹24.08 Cr ₹23.46 Cr ₹35.17 Cr ₹54.57 Lakh
  attributable to NCI ₹61.41 Lakh ₹64.46 Lakh ₹54.13 Lakh ₹71.89 Lakh ₹76.25 Lakh ₹56.38 Lakh ₹78.88 Lakh ₹64.81 Lakh ₹46.56 Lakh ₹46.81 Lakh ₹55.96 Lakh ₹17.81 Cr
Other Comprehensive Income ₹1.62 Cr ₹14.87 Lakh ₹1.19 Cr -₹37.29 Lakh ₹26.34 Lakh ₹36.86 Lakh -₹1.04 Cr ₹14.1 Lakh -₹5.83 Lakh -₹25.32 Lakh ₹22.03 Lakh -₹15.18 Lakh
Total Comprehensive Income ₹55.07 Cr ₹36.69 Cr ₹58.4 Cr ₹26.12 Cr ₹43.64 Cr ₹28.74 Cr ₹45.84 Cr ₹21.52 Cr ₹24.49 Cr ₹23.67 Cr ₹35.95 Cr ₹18.2 Cr
EBITDA (computed) ₹76.46 Cr ₹53.33 Cr ₹80.99 Cr ₹41.43 Cr ₹62.54 Cr ₹42.28 Cr ₹67.58 Cr ₹33.69 Cr ₹39.32 Cr ₹37.04 Cr ₹53.1 Cr ₹29.37 Cr
Basic EPS ₹17.58 ₹11.96 ₹18.90 ₹8.61 ₹14.24 ₹9.30 ₹15.42 ₹6.94 ₹8.07 ₹7.88 ₹11.83 ₹6.00
Diluted EPS ₹17.51 ₹11.91 ₹18.81 ₹8.57 ₹14.17 ₹9.24 ₹15.36 ₹6.91 ₹8.03 ₹7.85 ₹11.79 ₹5.99
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Ratings and related services ₹117.68 Cr ₹69.77 Cr ₹963.28 Cr ₹124.05 Cr
Others ₹13.25 Cr ₹1.06 Cr ₹46.62 Cr ₹37.56 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Ratings and related services ₹423.4 Cr ₹231.61 Cr - -
Others ₹50.59 Cr -₹13.75 Lakh - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹387.72 Cr ₹336.69 Cr ₹283.07 Cr ₹248.84 Cr ₹219.27 Cr ₹219.66 Cr ₹219.1 Cr
Other Income ₹55.68 Cr ₹51.39 Cr ₹46.96 Cr ₹37.1 Cr ₹28.36 Cr ₹32.12 Cr ₹31.34 Cr
Total Income ₹443.4 Cr ₹388.08 Cr ₹330.03 Cr ₹285.94 Cr ₹247.63 Cr ₹251.78 Cr ₹250.44 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹162.64 Cr ₹146.24 Cr ₹125.12 Cr ₹104.03 Cr ₹106.76 Cr ₹103.24 Cr ₹96.7 Cr
Finance Costs ₹1.59 Cr ₹1.58 Cr ₹1.48 Cr ₹69.94 Lakh ₹39.64 Lakh ₹56.68 Lakh ₹73.87 Lakh
Depreciation & Amortisation ₹9.02 Cr ₹7.94 Cr ₹7.65 Cr ₹8.05 Cr ₹6.99 Cr ₹7.09 Cr ₹6.91 Cr
Other Expenses ₹37.69 Cr ₹35.29 Cr ₹33.91 Cr ₹35.02 Cr ₹26.51 Cr ₹28.15 Cr ₹45.85 Cr
Total Expenses ₹210.93 Cr ₹191.06 Cr ₹168.15 Cr ₹147.8 Cr ₹140.66 Cr ₹139.05 Cr ₹150.19 Cr
Profit Before Exceptional Items & Tax ₹232.47 Cr ₹197.02 Cr ₹161.88 Cr ₹138.14 Cr ₹106.98 Cr ₹112.73 Cr ₹100.25 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹232.47 Cr ₹197.02 Cr ₹161.88 Cr ₹138.14 Cr ₹106.98 Cr ₹112.73 Cr ₹100.25 Cr
Total Tax Expense ₹58.08 Cr ₹49.02 Cr ₹42.44 Cr ₹34.34 Cr ₹22.51 Cr ₹26.9 Cr ₹19.75 Cr
Net Profit ₹174.39 Cr ₹147.99 Cr ₹119.44 Cr ₹103.8 Cr ₹84.47 Cr ₹85.83 Cr ₹80.5 Cr
Other Comprehensive Income ₹92,000 -₹1.03 Cr -₹22.7 Lakh -₹87.05 Lakh ₹7.81 Cr ₹2.04 Cr -₹70.25 Lakh
Total Comprehensive Income ₹174.4 Cr ₹146.96 Cr ₹119.21 Cr ₹102.93 Cr ₹92.28 Cr ₹87.87 Cr ₹79.8 Cr
EBITDA (computed) ₹243.07 Cr ₹206.54 Cr ₹171 Cr ₹146.89 Cr ₹114.36 Cr ₹120.39 Cr ₹107.89 Cr
Basic EPS ₹58.13 ₹49.49 ₹40.12 ₹35.00 ₹28.62 ₹29.13 ₹27.32
Diluted EPS ₹57.90 ₹49.27 ₹40.00 ₹35.00 ₹28.47 ₹29.08 ₹27.32
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,109.09 Cr ₹969.12 Cr ₹851.12 Cr ₹767.23 Cr
Non-current Assets ₹526.38 Cr ₹367.12 Cr ₹237.62 Cr ₹208.42 Cr
Current Assets ₹582.71 Cr ₹602 Cr ₹613.5 Cr ₹558.81 Cr
Property, Plant & Equipment ₹77.61 Cr ₹77.97 Cr ₹92.47 Cr ₹77.35 Cr
Inventories ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹25.43 Cr ₹22.48 Cr ₹14.71 Cr ₹16.32 Cr
Cash & Equivalents ₹17.27 Cr ₹26.35 Cr ₹30.29 Cr ₹42.51 Cr
Equity (Net Worth) ₹983.76 Cr ₹857.84 Cr ₹759.26 Cr ₹694.86 Cr
Equity Share Capital ₹30.05 Cr ₹29.93 Cr ₹29.85 Cr ₹29.7 Cr
Borrowings (Non-current) ₹0 ₹0 ₹15.21 Cr ₹12.41 Cr
Borrowings (Current) ₹0 ₹0 ₹1.48 Cr ₹0
Total Debt (computed) ₹0 ₹0 ₹16.69 Cr ₹12.41 Cr
Current Liabilities ₹92.24 Cr ₹77.68 Cr ₹59.81 Cr ₹40.92 Cr
Total Liabilities ₹125.33 Cr ₹111.28 Cr ₹91.86 Cr ₹72.37 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹142.31 Cr ₹120.91 Cr ₹107.35 Cr ₹94.51 Cr ₹63.14 Cr
Investing Cash Flow -₹98.31 Cr -₹71.91 Cr -₹59.61 Cr -₹2.22 Cr -₹22.47 Cr
Financing Cash Flow -₹53.07 Cr -₹52.93 Cr -₹59.96 Cr -₹61.74 Cr -₹34.59 Cr
Capital Expenditure ₹7.52 Cr ₹9.92 Cr ₹3.59 Cr ₹6.56 Cr ₹14.04 Cr
Free Cash Flow (computed) ₹134.8 Cr ₹110.99 Cr ₹103.76 Cr ₹87.95 Cr ₹49.1 Cr
Dividends Paid ₹56.96 Cr ₹53.8 Cr ₹65.47 Cr ₹59.34 Cr ₹38.3 Cr
Net Change in Cash -₹9.07 Cr -₹3.94 Cr -₹12.22 Cr ₹30.55 Cr ₹6.08 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹107.58 Cr ₹90.24 Cr ₹114.27 Cr ₹75.64 Cr ₹91.24 Cr ₹78.59 Cr ₹101.51 Cr ₹65.34 Cr ₹74.8 Cr ₹66.68 Cr ₹85.11 Cr ₹56.48 Cr
Other Income ₹15.39 Cr ₹13.16 Cr ₹12.54 Cr ₹14.74 Cr ₹15.51 Cr ₹11.43 Cr ₹11.76 Cr ₹12.69 Cr ₹13.67 Cr ₹10.58 Cr ₹11.51 Cr ₹11.2 Cr
Total Income ₹122.97 Cr ₹103.4 Cr ₹126.81 Cr ₹90.38 Cr ₹106.75 Cr ₹90.02 Cr ₹113.27 Cr ₹78.04 Cr ₹88.47 Cr ₹77.26 Cr ₹96.62 Cr ₹67.68 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹40.91 Cr ₹41.57 Cr ₹40.33 Cr ₹39.73 Cr ₹37.52 Cr ₹38.51 Cr ₹34.8 Cr ₹35.41 Cr ₹31.62 Cr ₹32.02 Cr ₹31.54 Cr ₹29.94 Cr
Finance Costs ₹38.02 Lakh ₹39.17 Lakh ₹40.18 Lakh ₹41.16 Lakh ₹38.37 Lakh ₹39.27 Lakh ₹40.17 Lakh ₹40.52 Lakh ₹40.37 Lakh ₹41.17 Lakh ₹34.49 Lakh ₹31.51 Lakh
Depreciation & Amortisation ₹2.33 Cr ₹2.3 Cr ₹2.3 Cr ₹2.09 Cr ₹1.95 Cr ₹2.01 Cr ₹1.98 Cr ₹2 Cr ₹1.97 Cr ₹1.97 Cr ₹1.91 Cr ₹1.8 Cr
Other Expenses ₹8.77 Cr ₹11.43 Cr ₹8.96 Cr ₹8.77 Cr ₹7.97 Cr ₹9.78 Cr ₹9.8 Cr ₹7.75 Cr ₹8.18 Cr ₹11.12 Cr ₹8.22 Cr ₹6.39 Cr
Total Expenses ₹52.39 Cr ₹55.69 Cr ₹52 Cr ₹51.01 Cr ₹47.82 Cr ₹50.69 Cr ₹46.98 Cr ₹45.56 Cr ₹42.17 Cr ₹45.52 Cr ₹42.02 Cr ₹38.44 Cr
Profit Before Exceptional Items & Tax ₹70.58 Cr ₹47.7 Cr ₹74.81 Cr ₹39.38 Cr ₹58.93 Cr ₹39.33 Cr ₹66.29 Cr ₹32.48 Cr ₹46.3 Cr ₹31.73 Cr ₹54.61 Cr ₹29.24 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹70.58 Cr ₹47.7 Cr ₹74.81 Cr ₹39.38 Cr ₹58.93 Cr ₹39.33 Cr ₹66.29 Cr ₹32.48 Cr ₹46.3 Cr ₹31.73 Cr ₹54.61 Cr ₹29.24 Cr
Total Tax Expense ₹17.19 Cr ₹11.65 Cr ₹18.98 Cr ₹10.26 Cr ₹14.04 Cr ₹9.86 Cr ₹16.65 Cr ₹8.46 Cr ₹11.46 Cr ₹9.5 Cr ₹13.86 Cr ₹7.62 Cr
Net Profit ₹53.39 Cr ₹36.06 Cr ₹55.83 Cr ₹29.12 Cr ₹44.88 Cr ₹29.46 Cr ₹49.64 Cr ₹24.01 Cr ₹34.83 Cr ₹22.23 Cr ₹40.75 Cr ₹21.62 Cr
Other Comprehensive Income ₹23.92 Lakh -₹2.47 Lakh ₹6.81 Lakh -₹27.34 Lakh ₹38.38 Lakh -₹43.48 Lakh -₹91.44 Lakh -₹6.89 Lakh ₹5.57 Lakh -₹23.2 Lakh ₹13.21 Lakh -₹18.28 Lakh
Total Comprehensive Income ₹53.63 Cr ₹36.03 Cr ₹55.9 Cr ₹28.84 Cr ₹45.27 Cr ₹29.03 Cr ₹48.72 Cr ₹23.94 Cr ₹34.89 Cr ₹22 Cr ₹40.88 Cr ₹21.44 Cr
EBITDA (computed) ₹73.29 Cr ₹50.39 Cr ₹77.51 Cr ₹41.88 Cr ₹61.26 Cr ₹41.73 Cr ₹68.67 Cr ₹34.88 Cr ₹48.67 Cr ₹34.12 Cr ₹56.86 Cr ₹31.36 Cr
Basic EPS ₹17.77 ₹12.01 ₹18.62 ₹9.72 ₹15.00 ₹9.85 ₹16.60 ₹8.04 ₹11.67 ₹7.47 ₹13.71 ₹7.28
Diluted EPS ₹17.70 ₹11.96 ₹18.53 ₹9.67 ₹14.93 ₹9.80 ₹16.54 ₹8.00 ₹11.62 ₹7.44 ₹13.66 ₹7.27
Latest 12 quarters shown of 24 on record.
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Shareholding Pattern of Care Ratings Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 0.00%, foreign institutional investors hold 23.25%, domestic institutional investors hold 31.39%, retail and other public shareholders hold 45.37% of Care Ratings Limited. The company had 58,978 shareholders on record.

DII (Domestic Institutional): 31.39%FII (Foreign Institutional): 23.25%Retail & Others: 45.37%
Mar 2026
QUARTER
31.39% DII (Domestic Institutional)
23.25% FII (Foreign Institutional)
45.37% Retail & Others
Public holding - history
Now 100.00% · Mar 2026High 100.00% · Dec 2015Low 100.00% · Dec 2015
99%99.3%99.5%99.8%100%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 100.00%Mar 2016: 100.00%Jun 2016: 100.00%Sep 2016: 100.00%Dec 2016: 100.00%Mar 2017: 100.00%Jun 2017: 100.00%Sep 2017: 100.00%Dec 2017: 100.00%Mar 2018: 100.00%Jun 2018: 100.00%Sep 2018: 100.00%Dec 2018: 100.00%Mar 2019: 100.00%Jun 2019: 100.00%Sep 2019: 100.00%Dec 2019: 100.00%Mar 2020: 100.00%Jun 2020: 100.00%Sep 2020: 100.00%Dec 2020: 100.00%Mar 2021: 100.00%Jun 2021: 100.00%Sep 2021: 100.00%Dec 2021: 100.00%Mar 2022: 100.00%Jun 2022: 100.00%Sep 2022: 100.00%Dec 2022: 100.00%Mar 2023: 100.00%Jun 2023: 100.00%Sep 2023: 100.00%Dec 2023: 100.00%Mar 2024: 100.00%Jun 2024: 100.00%Sep 2024: 100.00%Dec 2024: 100.00%Mar 2025: 100.00%Jun 2025: 100.00%Sep 2025: 100.00%Dec 2025: 100.00%Mar 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters0.00%0.00%0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%100.00%100.00%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Promoter change (YoY, %pts)+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00-

Board & Governance of Care Ratings Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Care Ratings Limited has 8 directors - 6 independent and 1 executive. The board is chaired by V. Chandrasekaran.

DirectorPositionOn board sinceListed boards
Mehul Pandya Executive Director · CEO-MD 2022-07-29 1
V. Chandrasekaran Non-Executive - Independent Director · Chairperson 2022-12-07 7
Sobhag Mal Jain Non-Executive - Non Independent Director 2023-01-28 0
Gurumoorthy Mahalingam Non-Executive - Independent Director 2022-11-21 5
Manoj Chugh Non-Executive - Independent Director 2024-05-09 2
Rajiv Bansal Non-Executive - Independent Director 2025-05-30 2
Indrani Banerjee Non-Executive - Independent Director 2025-05-30 1
Bimal Patel Non-Executive - Independent Director 2025-11-12 1
Board Committees
CommitteeMembers
Audit Committee Gurumoorthy Mahalingam (Chairperson), Rajiv Bansal, Indrani Banerjee, Sobhag Mal Jain
Nomination and remuneration committee Manoj Chugh (Chairperson), Gurumoorthy Mahalingam, V. Chandrasekaran, Bimal Patel
Stakeholders Relationship Committee Indrani Banerjee (Chairperson), Sobhag Mal Jain, Mehul Pandya, Bimal Patel
Risk Management Committee Manoj Chugh (Chairperson), Rajiv Bansal, Sobhag Mal Jain, Mehul Pandya
Corporate Social Responsibility Committee V. Chandrasekaran (Chairperson), Indrani Banerjee, Sobhag Mal Jain, Mehul Pandya
Ratings Sub Committee Gurumoorthy Mahalingam (Chairperson), V. Chandrasekaran, Indrani Banerjee

Group Structure of Care Ratings Limited

Care Ratings Limited has 2 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Care Ratings Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Care Risk Solutions Private Limited U74210MH1999PTC118349 -
Care Advisory Research And Training Limited U74999MH2016PLC285575 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Care Ratings Limited

Open charges
₹0
Satisfied charges
₹1.53 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹1.41 Cr
Idbi Bank Limited₹0.12 Cr
Latest charge details
DateLenderAmountStatus
07 Jan 2026 Idbi Bank Limited ₹11.93 Lakh Satisfied
30 Nov 2021 Hdfc Bank Limited ₹31.35 Lakh Satisfied
30 Nov 2021 Hdfc Bank Limited ₹1.1 Cr Satisfied

Total charge records: 3 View all charges

Employees and EPFO Compliance at Care Ratings Limited

Care Ratings Limited has a workforce of 571 employees as of Apr 05, 2024.

Employee count
571
Active EPFO establishments
1
Employee growth
8.76%
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Employee and EPFO history for Care Ratings Limited

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GST Compliance of Care Ratings Limited

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Credit Ratings, Litigation & Regulatory Alerts for Care Ratings Limited

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Credit ratings, litigation, and regulatory alerts for Care Ratings Limited

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MSME Payment Delays by Care Ratings Limited

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MSME payment history for Care Ratings Limited

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Subsidiaries & Group Companies of Care Ratings Limited

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Corporate group structure for Care Ratings Limited

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MCA Filings & Documents of Care Ratings Limited

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Recent Activity on Care Ratings Limited

Charges
12 May 2026
A charge registered on 07 Jan 2026 via Charge ID 101224564 with Idbi Bank Limited was fully satisfied on 12 May 2026.
Charges
07 Jan 2026
A charge with Idbi Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101224564 was registered on 07 Jan 2026.
Directors
12 Nov 2025
Bimalkumar Natvarlal Patel was appointed as a Additional Director on 12 Nov 2025 & has been associated with this company since 9 months 9 days.
Activity
10 Jul 2025
Care Ratings Limited last Annual general meeting of members was held on 10 Jul 2025 as per latest MCA records.
Directors
30 May 2025
Rajiv Bansal was appointed as a Director on 30 May 2025 & has been associated with this company since 1 year 2 months.
Directors
30 May 2025
Indrani Banerjee was appointed as a Director on 30 May 2025 & has been associated with this company since 1 year 2 months.

Recent News on Care Ratings Limited

Frequently Asked Questions about Care Ratings Limited

Care Ratings Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 21 April 1993 (33+ years old) and is registered under CIN L67190MH1993PLC071691. Listed on BSE: 534804 and NSE: CARERATING. The company has 571 employees.

Care Ratings Limited reported revenue of ₹473.07 Cr for FY 2026 (up 17.59% YoY) based on consolidated NSE filings.

The current directors of Care Ratings Limited are:

The primary industry of Care Ratings Limited is financial services. The company specifically operates in credit rating agencies. The company is currently active in this sector.

Yes. Care Ratings Limited is listed on both BSE (code: 534804) and NSE (symbol: CARERATING).

Care Ratings Limited can be reached at the registered office: Godrej Coliseum 4Th Flr Somaiya Hosp Road Off E Exp Highway Sion E, Mumbai, Maharashtra, India – 400022, or through the website careratings.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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