CRISIL Ltd.

•
₹ 4,514.50.8%

2026-08-21

crisil.comBSE: 500092NSE: CRISIL
Market Cap₹ 32,753 Cr.
Current Price₹ 4,514
High / Low₹ 5,430 / 3,686
Stock P/E0.0
Book Value₹ 280
Price to Book15.60
Dividend Yield1.36 %
ROCE38.1 %
ROE32.5 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 47.1%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.4%
  • Company generates healthy free cash flow

CONS

  • A large part of profit comes from other income (71.2% of PBT)
  • Recent results are weak - TTM profit is down 15.9% versus prior year
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.44x)
  • Stock is trading at 15.6x its book value
  • Effective tax rate is unusually low at 13.0% - earnings may be flattered

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
Financial ServicesRatingsRatings
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.CRISIL4478.7037.0432752.741.36216.4626.161075.3927.5637.9828.63
2.CARERATING1698.7528.785112.201.3032.9924.52111.6818.9227.3631.01
3.ICRA4874.3024.104704.302.1556.4632.04163.3731.2322.8033.72
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
407
335
Operating Profit
—
OPM %
—
Other Income
159
Interest
1
Depreciation
16
213
Tax %
9.54%
Net Profit
193
26
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
408
304
Operating Profit
—
OPM %
—
Other Income
78
Interest
1
Depreciation
17
164
Tax %
18.17%
Net Profit
135
18
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
438
357
Operating Profit
—
OPM %
—
Other Income
190
Interest
1
Depreciation
17
254
Tax %
8.91%
Net Profit
231
32
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
396
322
Operating Profit
—
OPM %
—
Other Income
39
Interest
0
Depreciation
10
104
Tax %
22.87%
Net Profit
80
11
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
422
360
Operating Profit
—
OPM %
—
Other Income
97
Interest
0
Depreciation
10
149
Tax %
13.71%
Net Profit
128
18
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
406
347
Operating Profit
—
OPM %
—
Other Income
176
Interest
0
Depreciation
10
225
Tax %
10.64%
Net Profit
201
28
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
441
386
Operating Profit
—
OPM %
—
Other Income
189
Interest
2
Depreciation
15
228
Tax %
9.46%
Net Profit
206
28
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
401
340
Operating Profit
—
OPM %
—
Other Income
114
Interest
5
Depreciation
19
151
Tax %
14.00%
Net Profit
130
18
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
431
346
Operating Profit
—
OPM %
—
Other Income
156
Interest
5
Depreciation
20
216
Tax %
10.19%
Net Profit
194
27
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
453
388
Operating Profit
—
OPM %
—
Other Income
122
Interest
5
Depreciation
20
162
Tax %
14.99%
Net Profit
137
19
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
512
421
Operating Profit
—
OPM %
—
Other Income
111
Interest
4
Depreciation
19
178
Tax %
13.92%
Net Profit
153
21
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
475
475
Operating Profit
—
OPM %
—
Other Income
154
Interest
6
Depreciation
20
128
Tax %
11.58%
Net Profit
113
16
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
519
468
Operating Profit
—
OPM %
—
Other Income
137
Interest
6
Depreciation
21
189
Tax %
11.87%
Net Profit
166
2
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
7
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023
1,628
1,288
Operating Profit
834
OPM %
51
Other Income
493
Interest
3
Depreciation
67
763
Tax %
12
Net Profit
668
EPS
91
Dividend Payout %
59
Minority Interest
0
Share of Associates
0
Adjusted EPS
91
Minority Interest
0
Share of Associates
0
Adjusted EPS
91
Dec 2024
1,668
1,416
Operating Profit
752
OPM %
45
Other Income
499
Interest
3
Depreciation
43
705
Tax %
13
Net Profit
615
EPS
84
Dividend Payout %
67
Minority Interest
0
Share of Associates
0
Adjusted EPS
84
Minority Interest
0
Share of Associates
0
Adjusted EPS
84
Dec 2025
1,796
1,496
Operating Profit
804
OPM %
45
Other Income
503
Interest
19
Depreciation
78
707
Tax %
13
Net Profit
615
EPS
84
Dividend Payout %
73
Minority Interest
0
Share of Associates
0
Adjusted EPS
84
Minority Interest
0
Share of Associates
0
Adjusted EPS
84
TTM
1,959
1,752
Operating Profit
—
OPM %
—
Other Income
524
Interest
21
Depreciation
79
657
Tax %
13
Net Profit
571
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:
41%
Last Year:
33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2026

Jul 27

₹ 10

Second Interim Dividend

2026

Apr 23

₹ 9

First Interim Dividend

2026

Apr 2

₹ 28

Rs.28.0000 per share(2800%)Final Dividend

2025

Oct 27

₹ 16

Third Interim Dividend

2025

Jul 28

₹ 9

Second Interim Dividend

2025

May 7

₹ 8

19/05/2025 Equity First Interim Dividend

2025

Apr 11

₹ 26

Rs.26.0000 per share(2600%)Final Dividend

2024

Oct 30

₹ 15

13/11/2024 Equity Third Interim Dividend

2024

Jul 31

₹ 8

Second Interim Dividend

2024

May 3

₹ 7

14/05/2024 Equity First Interim Dividend

2024

Mar 28

₹ 28

Rs.28.0000 per share(2800%)Final Dividend

2023

Nov 22

₹ 11

05/12/2023 Equity Third Interim Dividend

2023

Aug 2

₹ 8

14/08/2023 Equity Second Interim Dividend

2023

May 4

₹ 7

First Interim Dividend

2023

Mar 31

₹ 23

Rs.23.0000 per share(2300%)Final Dividend

2022

Nov 4

₹ 10

18/11/2022 Equity Third Interim Dividend

2022

Aug 4

₹ 8

18/08/2022 Equity Second Interim Dividend

2022

May 6

₹ 7

19/05/2022 Equity First Interim Dividend

2022

Mar 30

₹ 15

Rs.7.0000 per share(700%)Special Dividend

2022

Mar 30

₹ 7

Rs.7.0000 per share(700%)Special Dividend

2021

Nov 24

₹ 9

08/12/2021 Equity Third Interim Dividend

2021

Aug 3

₹ 8

18/08/2021 Equity Second Interim Dividend

2021

May 5

₹ 7

18/05/2021 Equity Interim Dividend

2021

Mar 30

₹ 14

Rs.14.0000 per share(1400%)Final Dividend

2020

Nov 2

₹ 7

18/11/2020 Equity Third Interim Dividend

2020

Mar 31

₹ 13

Rs.13.0000 per share(1300%)Final Dividend

2018

Jul 27

₹ 6

07/08/2018 Equity Second Interim Dividend

2018

May 3

₹ 6

11/05/2018 Equity Interim Dividend

2018

Mar 27

₹ 10

Rs.10.0000 per share(1000%)Final Dividend

2017

Oct 31

₹ 6

10/11/2017 Equity Third Interim Dividend

2017

Jul 27

₹ 6

10/08/2017 Equity Second Interim Dividend

2017

May 3

₹ 6

15/05/2017 Equity Interim Dividend

2017

Mar 21

₹ 9

A.G.M. 04/05/2017 & Rs.9.0000 per share(900%)Dividend

2016

Oct 21

₹ 7

08/11/2016 Equity Interim Dividend

2016

Jul 28

₹ 6

12/08/2016 Equity Interim Dividend

2016

Apr 28

₹ 5

13/05/2016 Equity Interim Dividend

2016

Mar 8

₹ 3

Rs.3.0000 per share(300%)Special Dividend

2016

Mar 8

₹ 7

Rs.3.0000 per share(300%)Special Dividend

2015

Oct 21

₹ 5

06/11/2015 Equity Interim Dividend

2015

Oct 19

₹ 5

Rs.5.0000 per share(500%)Interim Dividend

2026

Jul 22

₹ 10

Rs.10.0000 per share(1000%)Interim Dividend

Dec 2023
Equity Capital
7
1,452
Trade Payables
124
404
Total Liabilities
1,987
119
Capital Work in Progress
0
995
376
Cash & Bank
108
388
Total Assets
1,987
Total Debt
0
Net Working Capital
806
Contingent Liabilities
498
Book Value per Share
199.62
Face Value
1.00
Total Debt
0
Net Working Capital
806
Contingent Liabilities
498
Book Value per Share
199.62
Face Value
1.00
Dec 2024
Equity Capital
7
1,749
Trade Payables
112
680
Total Liabilities
2,548
461
Capital Work in Progress
1
1,255
286
Cash & Bank
96
450
Total Assets
2,548
Total Debt
0
Net Working Capital
774
Contingent Liabilities
613
Book Value per Share
240.27
Face Value
1.00
Total Debt
0
Net Working Capital
774
Contingent Liabilities
613
Book Value per Share
240.27
Face Value
1.00
Dec 2025
Equity Capital
7
2,019
Trade Payables
130
651
Total Liabilities
2,807
438
Capital Work in Progress
0
1,086
337
Cash & Bank
82
865
Total Assets
2,807
Total Debt
0
Net Working Capital
698
Contingent Liabilities
742
Book Value per Share
277.23
Face Value
1.00
Total Debt
0
Net Working Capital
698
Contingent Liabilities
742
Book Value per Share
277.23
Face Value
1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023
281
Cash from Investing
148
Cash from Financing
-397
32
Free Cash Flow
281
OCF / Net Profit
0.42
Cumulative 5-Year FCF
0
OCF / Net Profit
0.42
Cumulative 5-Year FCF
0
Dec 2024
319
Cash from Investing
104
Cash from Financing
-435
-13
Free Cash Flow
-20
OCF / Net Profit
0.52
Cumulative 5-Year FCF
0
OCF / Net Profit
0.52
Cumulative 5-Year FCF
0
Dec 2025
236
Cash from Investing
205
Cash from Financing
-455
-14
Free Cash Flow
203
OCF / Net Profit
0.38
Cumulative 5-Year FCF
0
OCF / Net Profit
0.38
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023
EPS (₹)
91.42
Book Value (₹)
199.62
Dividend per Share (₹)
54.00
Cash EPS (₹)
100.57
Operating Margin %
20.90%
Net Margin %
41.04%
ROE %
53.53%
ROCE %
59.89%
37.71%
Debtor Days
83
Inventory Days
0
Payable Days
0
83
Debt to Equity (x)
0.00x
Interest Coverage (x)
233.74x
2.69x
Revenue Growth %
12.76%
Operating Profit Growth %
61.76%
Net Profit Growth %
80.36%
80.36%
P/E (x)
47.47x
P/B (x)
21.74x
Dividend Yield %
1.24%
37.93x
Dec 2024
EPS (₹)
84.16
Book Value (₹)
240.27
Dividend per Share (₹)
56.00
Cash EPS (₹)
90.11
Operating Margin %
15.12%
Net Margin %
36.88%
ROE %
38.26%
ROCE %
43.24%
27.13%
Debtor Days
72
Inventory Days
0
Payable Days
0
72
Debt to Equity (x)
0.00x
Interest Coverage (x)
227.69x
2.48x
Revenue Growth %
2.43%
Operating Profit Growth %
-9.83%
Net Profit Growth %
-7.94%
-7.94%
P/E (x)
79.42x
P/B (x)
27.82x
Dividend Yield %
0.84%
64.88x
Dec 2025
EPS (₹)
84.11
Book Value (₹)
277.23
Dividend per Share (₹)
61.00
Cash EPS (₹)
94.73
Operating Margin %
16.75%
Net Margin %
34.23%
ROE %
32.51%
ROCE %
38.11%
22.96%
Debtor Days
63
Inventory Days
0
Payable Days
0
63
Debt to Equity (x)
0.00x
Interest Coverage (x)
37.37x
2.22x
Revenue Growth %
7.71%
Operating Profit Growth %
6.99%
Net Profit Growth %
-0.05%
-0.05%
P/E (x)
51.42x
P/B (x)
15.60x
Dividend Yield %
1.41%
39.22x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
66.64
7.17
12.49
Government
0.00
13.70
Sep 2024
66.64
7.22
12.70
Government
0.00
13.44
Dec 2024
66.64
7.55
12.68
Government
0.00
13.14
Mar 2025
66.64
7.69
12.37
Government
0.00
13.30
Jun 2025
66.64
8.08
12.05
Government
0.00
13.23
Sep 2025
66.64
7.81
12.16
Government
0.00
13.38
Dec 2025
66.64
7.67
12.08
Government
0.00
13.60
Mar 2026
66.64
7.18
12.60
Government
0.00
13.59
Jun 2026
66.64
6.38
12.94
Government
0.00
14.04

Documents

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Concalls

  • Jul 2026

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