About Care Ratings Limited
Data last updated: 23 December 2025
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 ₹30.03 Cr. Formerly known as Care Ratings Limited and Credit Analysis and Research Limited. It is led by directors including Mathisekaran Madasamy 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 the financials filed for FY 2025, the company reported a revenue of ₹453.07 Cr, a growth of 20% compared to the previous year.
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 ₹1.41 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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressGodrej Coliseum 4Th Flr Somaiya Hosp Road Off E Exp Highway Sion E, Mumbai, Maharashtra, India – 400022
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IndustryFinancial Services, Credit Rating Agencies
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
|---|---|---|
| Cooperative organization for milk production, animal health, and dairy services in India. | amuldairy.com | |
| Delivers comprehensive solutions in talent management, employee branding, and workforce analytics. | peoplewizconsulting.com | |
| Provider of independent credit ratings and assessments for businesses | careratings.com | |
| 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
|
HR consulting, recruitment, and outsourcing services are offered worldwide. | Diemen, Netherlands, Netherlands | 1960 |
CIEL HR
|
HR management, recruitment, and staffing services are provided. | Bengaluru, India, India | 2015 |
Sid's Farm
|
Subscription-based dairy products are delivered via an internet-first brand. | Hyderabad, India, India | 2013 |
Dodla Dairy
|
Multi-category dairy products are manufactured and branded. | Hyderabad, India, India | 1995 |
Alera Group
|
HR, insurance, and liability services are provided by Alera Group. | Deerfield, United States, United States | 1995 |
UKG
|
Provider of HR and payroll & workforce management solutions | Weston, United States, United States | 1977 |
Wanted
|
HR management services are provided by Wanted in South Korea. | Seoul, South Korea, South Korea | 2015 |
Bullhorn
|
Cloud-based ATS and CRM systems are offered for staffing agencies. | Boston, United States, United States | 1999 |
Fitch Ratings
|
Credit ratings and global financial data are aggregated for investors. | New York, United States, United States | 1913 |
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 | ********* |
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 12 directors, with 37 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
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. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 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% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 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% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2021 | Hdfc Bank Limited | ₹1.1 Cr | Satisfied |
| 30 Nov 2021 | Hdfc Bank Limited | ₹31.35 Lakh | Satisfied |
Total charge records: 2 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 & EPFO Data of Care Ratings Limited
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GST Compliance of Care Ratings Limited
GSTIN & GST Filing Data of Care Ratings Limited
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Credit Ratings, Litigation & Regulatory Alerts for Care Ratings Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Care Ratings Limited
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MSME Payment Delays by Care Ratings Limited
MSME Payment Delays by Care Ratings Limited
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Subsidiaries & Group Companies of Care Ratings Limited
Subsidiaries & Group Companies of Care Ratings Limited
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MCA Filings & Documents of Care Ratings Limited
MCA Filings & Documents of Care Ratings Limited
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Recent Activity on Care Ratings Limited
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 ₹453.07 Cr for FY 2025 (up 20.00% YoY).
The current directors of Care Ratings Limited are:
- Mathisekaran Madasamy
- Venkatadri Chandrasekaran
- Manoj Chugh
- Cvmanoj Kumar
- Mahalingam G
- Jinesh Jitendra Shah
- Nehal Navinchandra Shah
- Rajiv Bansal
- Mehul Harshadray Pandya
- Bimalkumar Natvarlal Patel
- Sobhag Jain
- Indrani Banerjee
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.