Care Ratings Limited

BSE: 534804 NSE: CARERATING
Care Ratings Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & 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
Market Cap
₹4,882 Cr
CARERATING · NSE
Share Price
₹1,658.00
+2.33% today
Revenue
₹473 Cr
FY 2025-26 · +17.6% YoY
EBITDA
₹197 Cr
Margin 41.7%
Net Profit
₹171 Cr
FY 2025-26 · +24.7% YoY
P/E (TTM)
27.3x
P/B 5.2x
ROE
20.0%
ROCE 26.1%
Debt / Equity
0.03
Interest cover 1.4x

About Care Ratings Limited

Data last updated:

Care Ratings Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the credit rating agencies segment of the financial services sector. It was incorporated on 21 April 1993 and has been in existence for over 33 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67190MH1993PLC071691. Its GSTIN is 27AAACC4587F1ZM (Maharashtra). The company holds 12 GST registrations, of which 11 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 534804 and NSE: CARERATING.

The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹30.06 Cr. It was formerly known as Credit Analysis and Research Limited. It is led by directors including Mehul Harshadray Pandya (Managing Director) and Gurumoorthy Mahalingam.

Its last annual general meeting (AGM) was held on 10 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Godrej Coliseum 4th Flr Somaiya Hosp Road Off E Exp Highway Sion E, Mumbai, Maharashtra, India – 400022.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹473.07 Cr, a growth of 17.6% compared to the previous year. For the same year it recorded a net profit of ₹171.17 Cr (net margin 36.2%) and EBITDA of ₹197.4 Cr (EBITDA margin 41.7%). The net worth stands at ₹932.45 Cr (up 15.6% YoY). Total assets are valued at ₹985.41 Cr (up 15% YoY).

The company has about 571 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 4 brands: Amul Dairy, Peoplewiz Consulting, CARE Ratings and CareEdge. As per MCA filings, the company has satisfied charges of ₹1.53 Cr on record. Court records list 135 cases involving the company, including 18 filed by the company and 117 filed against it; 42 cases are pending. The company has 49 deals on record (39 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹25.93 Cr; the latest was in September 2026. Its 3 peer companies in the BFSI industry (Credit Rating and Information Services), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Icra Limited with revenue of ₹575.43 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 4 micro and small suppliers.

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

CIN L67190MH1993PLC071691
Registration Number 071691
Incorporation Date 21 April 1993
ROC Mumbai
Listing Status Listed - Listed on NSE (CARERATING); Listed on BSE (534804)
Company Status Active
Date of Last AGM 10 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Care Ratings 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.

Company NameStatus
Care Ratings LimitedCurrent
Credit Analysis And Research LimitedPrevious

CIN history

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

CINStatus
L67190MH1993PLC071691Current
U67190MH1993PLC071691Previous
Key People
Mehul Harshadray Pandya Managing Director Gurumoorthy Mahalingam Director Venkatadri Chandrasekaran Director

Contact details

Care Ratings Limited's registered office is in Mumbai, Maharashtra. Its website is careratings.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • 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

To see the full contact details of Care Ratings Limited, buy the company report.

Comprehensive company report
Care Ratings Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Care Ratings operates multiple associated brands including Amul Dairy, Peoplewiz Consulting, and CARE Ratings. Each brand links to its own profile.

BrandDescriptionWebsite
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 businessescareratings.com
CareEdge
Provider of credit ratings, analytics, consulting, and sustainability servicescareedge.in

Business activity

The main business activity of Care Ratings is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Care Ratings Limited, buy the company report.

Financials of Care Ratings Limited

FY 2025-26 filings available

Care Ratings Limited reported revenue of ₹473.07 Cr (up 17.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹473 Cr
+17.6% YoY
EBITDA
₹197 Cr
+27.1% YoY
Profit After Tax
₹171 Cr
+24.7% YoY
Net Worth
₹932 Cr
+15.6% YoY
Total Assets
₹985 Cr
+15.0% YoY
Total Debt
₹26.18 Cr
+10.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue473402332279248248244
Revenue growth+17.6%+21.3%+18.9%+12.7%-0.3%+2.0%-
EBITDA19715511299.3479.6095.7781.32
EBITDA margin+41.7%+38.6%+33.8%+35.6%+32.1%+38.6%+33.4%
Profit before tax23519214712698.62119104
Net profit17113710183.5375.1089.5182.37
Net profit margin+36.2%+34.1%+30.3%+29.9%+30.3%+36.0%+33.8%
EPS (₹)56.9745.8533.6728.1225.3330.3827.96
Balance sheet
Total assets985857760709673611553
Net worth932806717672648589533
Total debt26.1823.7719.5517.488.917.230.00
Cash & bank12997.0058.3856.4582.16290115
Net working capital543598598546516291124
Cash flow
Cash from operations14812390.8882.2468.0086.1767.40
Cash from investing(94.45)(58.43)(39.07)12.88(27.32)(37.72)26.73
Cash from financing(59.33)(54.00)(62.96)(63.33)(35.14)(43.36)(107)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11213111213693.9111096.38117
Revenue growth (YoY)+18.9%+19.2%+16.3%+16.2%+19.0%---
Other income14.8015.7112.9912.5813.7015.1711.8511.86
EBITDA34.6360.7540.3468.4127.7447.3730.4355.72
EBITDA margin+31.0%+46.5%+36.0%+50.2%+29.5%+43.2%+31.6%+47.5%
Depreciation3.863.833.693.463.403.063.002.85
Interest0.600.630.650.610.600.600.560.49
Profit before tax44.9772.0048.9976.9237.4458.8838.7264.24
Tax11.9818.5612.4619.7010.9415.5210.3517.36
Net profit32.9953.4436.5357.2226.5043.3628.3746.88
EPS (₹)10.7017.5111.9118.818.5614.179.3015.36
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue388337283249219220219
Revenue growth+15.2%+18.9%+13.8%+13.5%-0.2%+0.3%-
EBITDA18715512411086.0088.2776.54
EBITDA margin+48.3%+46.1%+43.8%+44.1%+39.2%+40.2%+34.9%
Profit before tax232197162138107113100
Net profit17414811910484.4685.8380.48
Net profit margin+45.0%+44.0%+42.2%+41.7%+38.5%+39.1%+36.7%
EPS (₹)58.0449.4440.0134.9528.4929.1327.32
Balance sheet
Total assets1,013886787718665600546
Net worth984858759695650583532
Total debt15.5715.7116.6913.654.226.490.00
Cash & bank67.8226.5630.5042.7671.27269101
Net working capital473526555515490259103
Cash flow
Cash from operations14212110794.5163.5482.4765.69
Cash from investing(98.31)(71.91)(59.61)(2.22)(22.87)(37.80)25.93
Cash from financing(53.07)(52.93)(59.96)(61.74)(34.59)(42.71)(106)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue88.1510890.2411475.6491.2478.59102
Revenue growth (YoY)+16.5%+17.9%+14.8%+12.6%+15.8%---
Other income15.6315.3913.1612.5414.7415.5111.4311.76
Total expenses56.0649.6853.0049.3048.5045.4948.2944.60
EBITDA32.0957.9037.2464.9727.1445.7530.3056.91
EBITDA margin+36.4%+53.8%+41.3%+56.9%+35.9%+50.1%+38.6%+56.1%
Depreciation2.332.332.302.302.091.952.011.98
Interest0.370.380.390.400.410.380.390.40
Profit before tax45.0270.5847.7174.8139.3858.9339.3366.29
Tax11.1517.2011.6518.9810.2614.049.8616.66

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11213111213693.9111096.38117
Revenue growth (YoY)+18.9%+19.2%+16.3%+16.2%+19.0%---
Other income14.8015.7112.9912.5813.7015.1711.8511.86
EBITDA34.6360.7540.3468.4127.7447.3730.4355.72
EBITDA margin+31.0%+46.5%+36.0%+50.2%+29.5%+43.2%+31.6%+47.5%
Depreciation3.863.833.693.463.403.063.002.85
Interest0.600.630.650.610.600.600.560.49
Profit before tax44.9772.0048.9976.9237.4458.8838.7264.24
Tax11.9818.5612.4619.7010.9415.5210.3517.36
Net profit32.9953.4436.5357.2226.5043.3628.3746.88
EPS (₹)10.7017.5111.9118.818.5614.179.3015.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue473402332279248248244
Revenue growth+17.6%+21.3%+18.9%+12.7%-0.3%+2.0%-
Other income54.8150.7546.6937.9427.1931.2931.47
Total expenses276247220180168153162
Employee cost215189165134126120109
EBITDA19715511299.3479.6095.7781.32
EBITDA margin+41.7%+38.6%+33.8%+35.6%+32.1%+38.6%+33.4%
Depreciation14.3711.7210.4810.537.717.807.77
Interest2.492.111.711.000.460.620.93
Profit before tax23519214712698.62119104
Tax61.6652.2644.0740.2921.8027.6820.61
Net profit17113710183.5375.1089.5182.37
Net profit margin+36.2%+34.1%+30.3%+29.9%+30.3%+36.0%+33.8%
EPS (₹)56.9745.8533.6728.1225.3330.3827.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital30.0529.9329.8529.7029.6529.4629.46
Reserves & surplus902776687643618559480
Shareholders' funds (net worth)932806717672648589533
Minority interest10.689.237.466.835.314.223.25
Secured loans0.000.000.000.000.000.000.00
Unsecured loans26.1823.7719.5517.488.917.230.00
Total debt26.1823.7719.5517.488.917.230.00
Total liabilities985857760709673611553
Assets
Gross block163157140132115102106
Net block12211910910795.6285.0793.11
Capital work in progress5.322.925.994.238.193.150.52
Investments86.8813443.8243.9144.00240339
Inventories0.000.000.000.000.000.000.00
Sundry debtors35.0432.0922.4921.5116.6421.3640.89
Cash & bank balances12997.0058.3856.4582.16290115
Loans & advances49356359452546529.5327.94
Total current assets657692675603564341183
Total current liabilities11394.5376.2657.0247.9650.1559.82
Net working capital543598598546516291124
Total assets985857760709673611553
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash48.8238.2949.4217.6312.096.9919.82
Net cash from operating activities14812390.8882.2468.0086.1767.40
Net cash from investing activities(94.45)(58.43)(39.07)12.88(27.32)(37.72)26.73
Net cash from financing activities(59.33)(54.00)(62.96)(63.33)(35.14)(43.36)(107)
Net change in cash(6.22)10.53(11.14)31.795.555.09(12.83)
Closing cash12997.0058.3856.4582.16290115
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+17.6%+21.3%+18.9%+12.7%-0.3%+2.0%-
EBITDA growth+27.1%+38.6%+12.9%+24.8%-16.9%+17.8%-
PBT growth+22.4%+31.1%+16.6%+27.5%-16.9%+14.0%-48.4%
Net income growth+24.7%+36.6%+20.3%+11.2%-16.1%+8.7%-
Revenue CAGR (3Y)+19.3%+17.6%+10.1%+4.6%-8.1%-9.3%-5.4%
EBITDA CAGR (3Y)+25.7%+25.0%+5.4%+6.9%-23.0%-23.1%-23.6%
Profitability & leverage
Net income margin+36.7%+34.8%+30.9%+30.6%+31.0%+36.6%+34.3%
Return on capital employed+26.1%+24.3%+20.4%+18.5%+15.5%+20.6%+19.0%
Return on net worth+20.0%+18.4%+14.8%+13.0%+12.4%+16.2%+15.4%
Debt / equity0.030.030.030.020.010.010.00
Long-term debt / equity0.020.020.020.020.010.000.00
Interest cover1.361.471.681.130.640.701.26
Efficiency & per share
Fixed asset turnover2.962.712.442.262.292.392.46
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover14.0914.7415.4715.0713.037.985.53
EPS (₹)56.9745.8533.6728.1225.3330.3827.96
Dividend per share (₹)22.0018.0018.0025.0017.0017.0019.50
Book value per share (₹)310.29269.37240.23226.33218.41199.86173.02
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue88.1510890.2411475.6491.2478.59102
Revenue growth (YoY)+16.5%+17.9%+14.8%+12.6%+15.8%---
Other income15.6315.3913.1612.5414.7415.5111.4311.76
Total expenses56.0649.6853.0049.3048.5045.4948.2944.60
EBITDA32.0957.9037.2464.9727.1445.7530.3056.91
EBITDA margin+36.4%+53.8%+41.3%+56.9%+35.9%+50.1%+38.6%+56.1%
Depreciation2.332.332.302.302.091.952.011.98
Interest0.370.380.390.400.410.380.390.40
Profit before tax45.0270.5847.7174.8139.3858.9339.3366.29
Tax11.1517.2011.6518.9810.2614.049.8616.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue388337283249219220219
Revenue growth+15.2%+18.9%+13.8%+13.5%-0.2%+0.3%-
Other income55.6851.3946.9637.1028.3632.1231.34
Total expenses200182159139133131143
Employee cost16314612510410710396.70
EBITDA18715512411086.0088.2776.54
EBITDA margin+48.3%+46.1%+43.8%+44.1%+39.2%+40.2%+34.9%
Depreciation9.027.947.658.056.997.096.91
Interest1.591.581.480.700.400.570.74
Profit before tax232197162138107113100
Tax58.0849.0242.4434.3422.5126.9019.75
Net profit17414811910484.4685.8380.48
Net profit margin+45.0%+44.0%+42.2%+41.7%+38.5%+39.1%+36.7%
EPS (₹)58.0449.4440.0134.9528.4929.1327.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital30.0529.9329.8529.7029.6529.4629.46
Reserves & surplus954828729665621554479
Shareholders' funds (net worth)984858759695650583532
Secured loans0.000.000.000.000.000.000.00
Unsecured loans15.5715.7116.6913.654.226.490.00
Total debt15.5715.7116.6913.654.226.490.00
Total liabilities1,013886787718665600546
Assets
Gross block12712812011399.3591.7294.04
Net block91.8092.8192.9890.8581.9576.3482.63
Capital work in progress4.892.921.472.866.523.740.34
Investments20725512911270.51266359
Inventories0.000.000.000.000.000.000.00
Sundry debtors25.4322.4814.7115.1913.6116.6936.02
Cash & bank balances67.8226.5630.5042.7671.27269101
Loans & advances47055356850044314.6817.62
Total current assets563602614558528300155
Total current liabilities89.9576.3458.3342.7437.3140.9651.34
Net working capital473526555515490259103
Total assets1,013886787718665600546
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26.3530.2942.5111.965.883.9318.33
Net cash from operating activities14212110794.5163.5482.4765.69
Net cash from investing activities(98.31)(71.91)(59.61)(2.22)(22.87)(37.80)25.93
Net cash from financing activities(53.07)(52.93)(59.96)(61.74)(34.59)(42.71)(106)
Net change in cash(9.07)(3.94)(12.22)30.556.081.95(14.40)
Closing cash67.8226.5630.5042.7671.27269101
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+15.2%+18.9%+13.8%+13.5%-0.2%+0.3%-
EBITDA growth+20.8%+25.1%+13.0%+27.7%-2.6%+15.3%-
PBT growth+18.0%+21.7%+17.2%+29.1%-5.1%+12.5%-49.4%
Net income growth+17.8%+23.9%+15.1%+22.9%-1.6%+6.7%-
Revenue CAGR (3Y)+15.9%+15.4%+8.8%+4.3%-9.7%-11.9%-7.9%
EBITDA CAGR (3Y)+19.5%+21.7%+12.0%+12.8%-20.5%-25.0%-25.6%
Profitability & leverage
Net income margin+45.0%+44.0%+42.2%+41.7%+38.5%+39.1%+36.7%
Return on capital employed+24.7%+23.7%+21.7%+20.1%+17.0%+19.8%+18.3%
Return on net worth+18.9%+18.3%+16.4%+15.4%+13.7%+15.4%+14.9%
Debt / equity0.020.020.020.010.010.010.00
Long-term debt / equity0.020.020.020.010.000.000.00
Interest cover0.891.071.270.690.510.701.06
Efficiency & per share
Fixed asset turnover3.042.712.432.352.302.362.47
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover16.1918.1118.9317.2814.478.335.51
EPS (₹)58.0449.4440.0134.9528.4929.1327.32
Dividend per share (₹)22.0018.0018.0025.0017.0017.0019.50
Book value per share (₹)327.36286.60254.34233.96219.33197.98172.45

To see the full year-wise statements and ratios of Care Ratings Limited, buy the company report.

Board of directors of Care Ratings Limited

Care Ratings has 8 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gurumoorthy Mahalingam
Also directs: Thomas Cook (India) Limited, City Union Bank Limited, Central Depository Services (India) Limited and 2 more
Director21 Nov 20223 Years 11 MonthsCurrent
Venkatadri Chandrasekaran
Also directs: Grasim Industries Ltd, Ultratech Cement Limited, Tata Investment Corporation Limited and 4 more
Director15 Nov 20178 Years 11 MonthsCurrent
Mehul Harshadray Pandya
Also directs: Care Esg Ratings Limited, Care Analytics and Advisory Private Limited, Careedge Global Ifsc Limited and 2 more
Managing Director29 Jul 20224 Years 3 MonthsCurrent
Sobhag Jain
Also directs: Primo Chemicals Limited, Rkec Projects Limited, The Byke Hospitality Limited and 4 more
Director28 Jan 20233 Years 9 MonthsCurrent
Bimalkumar Natvarlal Patel
Also directs: NSE Sustainability Ratings & Analytics Limited, NSE Data & Analytics Limited, NSE Indices Limited and 2 more
Additional Director12 Nov 20250 Years 11 MonthsCurrent
Rajiv Bansal
Also directs: BSE Limited, Mahindra Agri Solutions Limited, JK Maini Precision Technology Limited and 2 more
Director30 May 20251 Years 5 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Care Ratings Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Credit Rating and Information Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Icra Limited₹575.43 Cr (FY 2025)10.0%New Delhi, Delhi, India
Care Ratings Limitedthis company₹473.07 Cr (FY 2026)₹171.17 Cr36.2%17.6%571Mumbai, Maharashtra, India
India Ratings and Research Private Limited₹233.18 Cr (FY 2025)10.0%Mumbai, Maharashtra, India
NSE Indices Limited₹160.39 Cr (FY 2025)-49.0%Mumbai, Maharashtra, India

To see the full peer comparison of Care Ratings Limited, buy the company report.

Auditor

Care Ratings Limited is audited by B S R & Co. LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
B S R & Co. LLPFY 2024101248W/W-100022

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 0.00%, foreign institutional investors hold 23.40%, domestic institutional investors hold 31.60% and retail and other public shareholders hold 45.00%.

DII (Domestic Institutional): 31.60%FII (Foreign Institutional): 23.40%Retail & Others: 45.00%
Sep 2026
QUARTER
31.60% DII (Domestic Institutional)
23.40% FII (Foreign Institutional)
45.00% Retail & Others
Public holding - history
Now 100.00% · Sep 2026High 100.00% · Dec 2025Low 100.00% · Dec 2025
99%99.3%99.5%99.8%100%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 100.00%Mar 2026: 100.00%Jun 2026: 100.00%Sep 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%

Charges & borrowings

Open charges
None
Satisfied charges
₹1.53 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹1.41 Cr
Idbi Bank Limited₹0.12 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Jan 2026101224564Idbi Bank Limited₹11.93 LakhSatisfied
30 Nov 2021100511428Hdfc Bank Limited₹31.35 LakhSatisfied
30 Nov 2021100511433Hdfc Bank Limited₹1.1 CrSatisfied

To see the full charge records of Care Ratings Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Care Ratings Limited has 49 deals on record (39 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹25.93 Cr; the latest was in September 2026.

Total deals
49
Market trades
39
Secondary share transfers
7
Funding rounds
3
Disclosed funding
₹25.93 Cr

Deals on record (5 of 49)

WhenDealAmountParties
Jul 2022Market trade₹11.53 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jul 2021Market trade₹11.57 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Jun 2021Market trade₹12.28 CrBuyer: XTX Markets LLP
Seller: XTX Markets LLP
Jun 2021Market trade₹12.05 CrBuyer: XTX Markets LLP
Seller: XTX Markets LLP
Jun 2021Market trade₹21.97 CrBuyer: XTX Markets LLP , Graviton Research Capital LLP
Seller: XTX Markets LLP , Graviton Research Capital LLP

To see the full deal history of Care Ratings Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Care Ratings Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 7 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (4 of 4)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Care Ratings Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Care Ratings has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Care Risk Solutions Private LimitedU74210MH1999PTC118349
Care Advisory Research and Training LimitedU74999MH2016PLC285575

To see the full group structure of Care Ratings Limited, buy the company report.

Employees & EPFO

Care Ratings Limited has a workforce of 571 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
571
Active EPFO establishments
1
Employee growth
8.76%

GST

Care Ratings has 12 GST registrations: 11 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
12
Active
11
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACC4587F1ZMMaharashtraActive01 Jul 2017
04AAACC4587F1ZUChandigarhActive01 Jul 2017
07AAACC4587F1ZODelhiActive01 Jul 2017
08AAACC4587F1ZMRajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Care Ratings Limited, buy the company report.

Recent activity

Care Ratings Limited has 62 board changes on record since 1993: 36 appointments and 26 cessations. The latest: Bimalkumar Natvarlal Patel was appointed as Additional Director on 12 Nov 2025.

Charges
A charge registered on 07 Jan 2026 via Charge ID 101224564 with Idbi Bank Limited was fully satisfied on 12 May 2026.
Filing
Care Ratings Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Idbi Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101224564 was registered on 07 Jan 2026.
Appointed
Bimalkumar Natvarlal Patel was appointed as Additional Director.
Ceased
Madasamy Mathisekaran ceased to be Director.
Ceased
Najib Shah ceased to be Director.
Ceased
Sonal Gunvant Desai ceased to be Director.
AGM
Care Ratings Limited last Annual general meeting of members was held on 10 Jul 2025 as per latest MCA records.
Appointed
Indrani Banerjee was appointed as Director.
Appointed
Rajiv Bansal was appointed as Director.
Appointed
Cvmanoj Kumar was appointed as Company Secretary.
Ceased
Nehal Navinchandra Shah ceased to be Company Secretary.

59 earlier events are in the company report.

News

CARERATING: Q2 CONS NET PROFIT 718.5M RUPEES VS 566.6M (YOY)
29 Oct 2026 · Exchange Update
CARE RATINGS: CO DECLARES INTERIM DIVIDEND OF 10 RUPEES PER SHR
29 Oct 2026 · Exchange Update
CARERATING: Q2 EBITDA 846M RUPEES VS 684M (YOY); Q2 EBITDA MARGIN 51.55% VS 50.16% (YOY)
29 Oct 2026 · Exchange Update
CARERATING: Q2 REVENUE 1.64B RUPEES VS 1.36B (YOY)
29 Oct 2026 · Exchange Update

Frequently asked questions

Care Ratings is an active public limited company based in Mumbai, Maharashtra, India. The company works in credit rating agencies, within the financial services industry. It was incorporated on 21 April 1993 (33+ years old) and is registered under CIN L67190MH1993PLC071691. Listed on BSE: 534804 and NSE: CARERATING.

Care Ratings reported revenue of ₹473.07 Cr for FY 2025-26 (up 17.6% YoY) based on consolidated financials.

Care Ratings has 8 current directors:

The latest financial statements of Care Ratings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 10 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Care Ratings is 27AAACC4587F1ZM, registered in Maharashtra. The company has 12 GST registrations in all, of which 11 are active and 1 is cancelled or inactive. Other active GSTINs include 04AAACC4587F1ZU (Chandigarh), 07AAACC4587F1ZO (Delhi), 08AAACC4587F1ZM (Rajasthan).

The CIN (Corporate Identification Number) of Care Ratings is L67190MH1993PLC071691. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Care Ratings is a listed company as per MCA records. Its shares are listed on both BSE (code: 534804) and NSE (symbol: CARERATING).

Care Ratings has 135 court cases on record: 18 filed by the company and 117 filed against it. 42 are pending. Most are in the high courts.

Care Ratings was incorporated on 21 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.

Care Ratings has 49 deals on record (39 market trades, 7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹25.93 Cr; the latest was in September 2026.

The peers of Care Ratings by revenue are Icra Limited, India Ratings and Research Private Limited, NSE Indices Limited, all in the BFSI industry (Credit Rating and Information Services), with the same principal business activity (other financial activities).

Bimalkumar Natvarlal Patel was appointed as Additional Director on 12 Nov 2025. Madasamy Mathisekaran ceased to be Director on 11 Jul 2025. Najib Shah ceased to be Director on 11 Jul 2025. Care Ratings has 62 board changes on record in total.