CRISIL Ltd.
•₹ 4,514.50.8%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 40.3%
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.1%
- Latest quarter profit grew 26.2% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.09x)
- Company has been maintaining a healthy dividend payout of 58.2%
CONS
- Stock is trading at 10.4x its book value
- Rich enterprise valuation - EV/EBITDA of 26.3x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | CRISIL | 4501.15 | 37.22 | 32916.92 | 1.36 | 216.46 | 26.16 | 1075.39 | 27.56 | 37.98 | 28.63 |
| 2. | CARERATING | 1705.70 | 28.89 | 5133.12 | 1.29 | 32.99 | 24.52 | 111.68 | 18.92 | 27.36 | 31.01 |
| 3. | ICRA | 4889.05 | 24.17 | 4718.54 | 2.15 | 56.46 | 32.04 | 163.37 | 31.23 | 22.80 | 33.72 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 771 | 736 | 918 | 738 | 797 | 812 | 913 | 813 | 843 | 911 | 1,082 | 1,058 | 1,075 | |
| 567 | 544 | 646 | 546 | 591 | 588 | 626 | 581 | 604 | 648 | 742 | 739 | 817 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 18 | 36 | 33 | 21 | 18 | 21 | 30 | 31 | 24 | 37 | 27 | 36 | 21 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 6 | 6 | 6 | 5 | 7 | 7 |
| Depreciation | 26 | 26 | 25 | 17 | 16 | 16 | 21 | 30 | 32 | 32 | 35 | 39 | 42 |
| 195 | 200 | 279 | 195 | 208 | 229 | 294 | 227 | 225 | 262 | 327 | 308 | 280 | |
| Tax % | 22.76% | 24.12% | 24.64% | 29.55% | 27.82% | 24.93% | 23.70% | 29.67% | 23.74% | 26.37% | 26.04% | 24.36% | 22.65% |
| Net Profit | 0 | 0 | 0 | 0 | 150 | 172 | 225 | 160 | 172 | 193 | 242 | 233 | 216 |
| 21 | 21 | 29 | 19 | 21 | 23 | 31 | 22 | 23 | 26 | 33 | 32 | 3 | |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 771
- 567
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 26
- 195
- Tax %
- 22.76%
- Net Profit
- 0
- 21
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 736
- 544
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 1
- Depreciation
- 26
- 200
- Tax %
- 24.12%
- Net Profit
- 0
- 21
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 918
- 646
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 1
- Depreciation
- 25
- 279
- Tax %
- 24.64%
- Net Profit
- 0
- 29
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 738
- 546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 1
- Depreciation
- 17
- 195
- Tax %
- 29.55%
- Net Profit
- 0
- 19
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 797
- 591
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 1
- Depreciation
- 16
- 208
- Tax %
- 27.82%
- Net Profit
- 150
- 21
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 812
- 588
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 1
- Depreciation
- 16
- 229
- Tax %
- 24.93%
- Net Profit
- 172
- 23
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 913
- 626
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 2
- Depreciation
- 21
- 294
- Tax %
- 23.70%
- Net Profit
- 225
- 31
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 813
- 581
- Operating Profit
- —
- OPM %
- —
- Other Income
- 31
- Interest
- 6
- Depreciation
- 30
- 227
- Tax %
- 29.67%
- Net Profit
- 160
- 22
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 843
- 604
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 6
- Depreciation
- 32
- 225
- Tax %
- 23.74%
- Net Profit
- 172
- 23
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 911
- 648
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 6
- Depreciation
- 32
- 262
- Tax %
- 26.37%
- Net Profit
- 193
- 26
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,082
- 742
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 5
- Depreciation
- 35
- 327
- Tax %
- 26.04%
- Net Profit
- 242
- 33
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,058
- 739
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 7
- Depreciation
- 39
- 308
- Tax %
- 24.36%
- Net Profit
- 233
- 32
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,075
- 817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 7
- Depreciation
- 42
- 280
- Tax %
- 22.65%
- Net Profit
- 216
- 3
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|
| 3,140 | 3,260 | 3,649 | 4,126 | |
| 2,258 | 2,349 | 2,564 | 2,946 | |
| Operating Profit | 975 | 1,000 | 1,192 | — |
| OPM % | 31 | 31 | 33 | — |
| Other Income | 94 | 90 | 107 | 121 |
| Interest | 4 | 4 | 22 | 25 |
| Depreciation | 104 | 70 | 129 | 149 |
| 868 | 926 | 1,041 | 1,177 | |
| Tax % | 24 | 26 | 26 | 25 |
| Net Profit | 658 | 684 | 766 | 884 |
| EPS | 90 | 94 | 105 | — |
| Dividend Payout % | 60 | 60 | 58 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 90 | 94 | 105 | — |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 90 | 94 | 105 | — |
Dec 2023
- 3,140
- 2,258
- Operating Profit
- 975
- OPM %
- 31
- Other Income
- 94
- Interest
- 4
- Depreciation
- 104
- 868
- Tax %
- 24
- Net Profit
- 658
- EPS
- 90
- Dividend Payout %
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 90
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 90
Dec 2024
- 3,260
- 2,349
- Operating Profit
- 1,000
- OPM %
- 31
- Other Income
- 90
- Interest
- 4
- Depreciation
- 70
- 926
- Tax %
- 26
- Net Profit
- 684
- EPS
- 94
- Dividend Payout %
- 60
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 94
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 94
Dec 2025
- 3,649
- 2,564
- Operating Profit
- 1,192
- OPM %
- 33
- Other Income
- 107
- Interest
- 22
- Depreciation
- 129
- 1,041
- Tax %
- 26
- Net Profit
- 766
- EPS
- 105
- Dividend Payout %
- 58
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 105
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 105
TTM
- 4,126
- 2,946
- Operating Profit
- —
- OPM %
- —
- Other Income
- 121
- Interest
- 25
- Depreciation
- 149
- 1,177
- Tax %
- 25
- Net Profit
- 884
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- 11%
- 3 Years:
- 4%
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 30%
- Last Year:
- 28%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| Equity Capital | 7 | 7 | 7 |
| 2,151 | 2,528 | 3,026 | |
| Trade Payables | 143 | 176 | 146 |
| 910 | 1,154 | 1,345 | |
| Total Liabilities | 3,212 | 3,865 | 4,524 |
| ASSETS | - | - | - |
| 635 | 976 | 1,440 | |
| Capital Work in Progress | 0 | 1 | 2 |
| 1,056 | 1,454 | 1,180 | |
| 672 | 550 | 687 | |
| Cash & Bank | 370 | 304 | 323 |
| 479 | 581 | 891 | |
| Total Assets | 3,212 | 3,865 | 4,524 |
| Total Debt | 0 | 0 | 0 |
| Net Working Capital | 1,090 | 1,091 | 1,063 |
| Contingent Liabilities | 541 | 667 | 802 |
| Book Value per Share | 295.31 | 346.85 | 414.97 |
| Face Value | 1.00 | 1.00 | 1.00 |
| Total Debt | 0 | 0 | 0 |
| Net Working Capital | 1,090 | 1,091 | 1,063 |
| Contingent Liabilities | 541 | 667 | 802 |
| Book Value per Share | 295.31 | 346.85 | 414.97 |
| Face Value | 1.00 | 1.00 | 1.00 |
Dec 2023
- Equity Capital
- 7
- 2,151
- Trade Payables
- 143
- 910
- Total Liabilities
- 3,212
- 635
- Capital Work in Progress
- 0
- 1,056
- 672
- Cash & Bank
- 370
- 479
- Total Assets
- 3,212
- Total Debt
- 0
- Net Working Capital
- 1,090
- Contingent Liabilities
- 541
- Book Value per Share
- 295.31
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,090
- Contingent Liabilities
- 541
- Book Value per Share
- 295.31
- Face Value
- 1.00
Dec 2024
- Equity Capital
- 7
- 2,528
- Trade Payables
- 176
- 1,154
- Total Liabilities
- 3,865
- 976
- Capital Work in Progress
- 1
- 1,454
- 550
- Cash & Bank
- 304
- 581
- Total Assets
- 3,865
- Total Debt
- 0
- Net Working Capital
- 1,091
- Contingent Liabilities
- 667
- Book Value per Share
- 346.85
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,091
- Contingent Liabilities
- 667
- Book Value per Share
- 346.85
- Face Value
- 1.00
Dec 2025
- Equity Capital
- 7
- 3,026
- Trade Payables
- 146
- 1,345
- Total Liabilities
- 4,524
- 1,440
- Capital Work in Progress
- 2
- 1,180
- 687
- Cash & Bank
- 323
- 891
- Total Assets
- 4,524
- Total Debt
- 0
- Net Working Capital
- 1,063
- Contingent Liabilities
- 802
- Book Value per Share
- 414.97
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 1,063
- Contingent Liabilities
- 802
- Book Value per Share
- 414.97
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| 780 | 765 | 756 | |
| Cash from Investing | -327 | -386 | -268 |
| Cash from Financing | -408 | -442 | -470 |
| 46 | -63 | 18 | |
| Free Cash Flow | 780 | 404 | 169 |
| OCF / Net Profit | 1.19 | 1.12 | 0.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | 1.19 | 1.12 | 0.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Dec 2023
- 780
- Cash from Investing
- -327
- Cash from Financing
- -408
- 46
- Free Cash Flow
- 780
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 0
Dec 2024
- 765
- Cash from Investing
- -386
- Cash from Financing
- -442
- -63
- Free Cash Flow
- 404
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.12
- Cumulative 5-Year FCF
- 0
Dec 2025
- 756
- Cash from Investing
- -268
- Cash from Financing
- -470
- 18
- Free Cash Flow
- 169
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | 90.07 | 93.58 | 104.79 |
| Book Value (₹) | 295.31 | 346.85 | 414.97 |
| Dividend per Share (₹) | 54.00 | 56.00 | 61.00 |
| Cash EPS (₹) | 104.27 | 103.15 | 122.37 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 28.08% | 27.94% | 29.74% |
| Net Margin % | 20.97% | 20.99% | 20.99% |
| ROE % | 33.61% | 29.15% | 27.51% |
| ROCE % | 43.77% | 39.15% | 37.98% |
| 22.08% | 19.33% | 18.26% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 83 | 68 | 62 |
| Inventory Days | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 |
| 83 | 68 | 62 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 238.08x | 230.89x | 47.85x |
| 2.10x | 2.04x | 1.88x | |
| GROWTH | - | - | - |
| Revenue Growth % | 13.39% | 3.83% | 11.94% |
| Operating Profit Growth % | 14.44% | 2.60% | 19.12% |
| Net Profit Growth % | 16.66% | 3.89% | 11.98% |
| 16.66% | 3.89% | 11.98% | |
| VALUATION | - | - | - |
| P/E (x) | 48.18x | 71.43x | 41.28x |
| P/B (x) | 14.69x | 19.27x | 10.42x |
| Dividend Yield % | 1.24% | 0.84% | 1.41% |
| 32.15x | 48.54x | 26.26x |
Dec 2023
- EPS (₹)
- 90.07
- Book Value (₹)
- 295.31
- Dividend per Share (₹)
- 54.00
- Cash EPS (₹)
- 104.27
- Operating Margin %
- 28.08%
- Net Margin %
- 20.97%
- ROE %
- 33.61%
- ROCE %
- 43.77%
- 22.08%
- Debtor Days
- 83
- Inventory Days
- 0
- Payable Days
- 0
- 83
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 238.08x
- 2.10x
- Revenue Growth %
- 13.39%
- Operating Profit Growth %
- 14.44%
- Net Profit Growth %
- 16.66%
- 16.66%
- P/E (x)
- 48.18x
- P/B (x)
- 14.69x
- Dividend Yield %
- 1.24%
- 32.15x
Dec 2024
- EPS (₹)
- 93.58
- Book Value (₹)
- 346.85
- Dividend per Share (₹)
- 56.00
- Cash EPS (₹)
- 103.15
- Operating Margin %
- 27.94%
- Net Margin %
- 20.99%
- ROE %
- 29.15%
- ROCE %
- 39.15%
- 19.33%
- Debtor Days
- 68
- Inventory Days
- 0
- Payable Days
- 0
- 68
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 230.89x
- 2.04x
- Revenue Growth %
- 3.83%
- Operating Profit Growth %
- 2.60%
- Net Profit Growth %
- 3.89%
- 3.89%
- P/E (x)
- 71.43x
- P/B (x)
- 19.27x
- Dividend Yield %
- 0.84%
- 48.54x
Dec 2025
- EPS (₹)
- 104.79
- Book Value (₹)
- 414.97
- Dividend per Share (₹)
- 61.00
- Cash EPS (₹)
- 122.37
- Operating Margin %
- 29.74%
- Net Margin %
- 20.99%
- ROE %
- 27.51%
- ROCE %
- 37.98%
- 18.26%
- Debtor Days
- 62
- Inventory Days
- 0
- Payable Days
- 0
- 62
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 47.85x
- 1.88x
- Revenue Growth %
- 11.94%
- Operating Profit Growth %
- 19.12%
- Net Profit Growth %
- 11.98%
- 11.98%
- P/E (x)
- 41.28x
- P/B (x)
- 10.42x
- Dividend Yield %
- 1.41%
- 26.26x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Crisil Limited has informed the Exchange about Analyst meeting.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Crisil Limited has informed the Exchange about Schedule of Analyst meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
Apr 2026
Feb 2026