Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of CARE Ratings Ltd

About the Company - CARE Ratings Ltd

CARE Ratings Ltd. is a Public Limited Listed company incorporated on 21/04/1993 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67190MH1993PLC071691 and registration number is 071691. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company’s Total Operating Revenue is Rs. 219.27 Cr. and Equity Capital is Rs. 29.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Rating Services4th Floor, Godrej Coliseum, Mumbai Maharashtra 400022investor.relations@careedge.in
http://www.careratings.com
Management
NamePosition Held
Mr. Najib ShahChairman(NonExe.&Ind.Director)
Mr. Mehul Harshadray PandyaManaging Director & CEO
Mr. V ChandrasekaranInd. Non-Executive Director
Mr. Adesh Kumar GuptaInd. Non-Executive Director
Ms. Sonal Gunvant DesaiInd. Non-Executive Director
Dr. M MathisekaranInd. Non-Executive Director
Mr. G MahalingamInd. Non-Executive Director
Mr. Sobhag Mal JainNon Exe.Non Ind.Director

CARE Ratings Ltd. Share Price Update

Share PriceValue
Today₹1,132.85
Previous Day₹1,144.55

Basic Stock Data of CARE Ratings Ltd

Last Updated: April 6, 2024, 9:34 am

Market Cap 3,426 Cr.
Current Price 1,148
High / Low1,265/626
Stock P/E35.6
Book Value 230
Dividend Yield1.51 %
ROCE18.7 %
ROE12.7 %
Face Value 10.0

Data Source: screener.in

CARE Ratings Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales56804976566655856278669679
Expenses37494143414338434850495555
Operating Profit1831934152216421427184223
OPM %33%38%18%44%27%34%30%50%22%35%27%43%30%
Other Income867677881210121114
Interest0000000001000
Depreciation2222222333333
Profit before tax24341437202721482334265034
Tax %22%23%17%28%25%15%33%27%28%41%31%29%30%
Net Profit19261227152314351620183624
EPS in Rs6.328.853.759.044.917.724.6111.575.386.605.9911.817.88

Last Updated: April 11, 2024, 9:15 am

CARE Ratings Ltd Quarterly Chart

CARE Ratings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales180203236261279287333319244248248279319
Expenses566888101105105122144162153168180209
Operating Profit12313514816017418221117581968099110
OPM %69%66%63%61%62%63%63%55%33%39%32%36%35%
Other Income2829364493425303131273847
Interest0001000011012
Depreciation233543338881111
Profit before tax15016018119717821223320210411999126145
Tax %28%29%28%30%33%31%30%32%20%23%22%32%
Net Profit1081141301381201481621388391778598
EPS in Rs37.6939.7844.6347.5340.6850.1355.1346.6627.9630.3925.3428.1232.28
Dividend Payout %27%50%63%166%69%56%100%64%70%56%67%89%

CARE Ratings Ltd Profit & Loss Yearly Chart

CARE Ratings Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:-3%
3 Years:5%
TTM:19%
Compounded Profit Growth
10 Years:-2%
5 Years:-12%
3 Years:0%
TTM:11%
Stock Price CAGR
10 Years:4%
5 Years:3%
3 Years:34%
1 Year:78%
Return on Equity
10 Years:21%
5 Years:16%
3 Years:13%
Last Year:13%

CARE Ratings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital29292929292929292929303030
Reserves349396456330379491567521504559618643654
Borrowings000000000791721
Other Liabilities538496879464616485746981109
Total Liabilities430508581446502584658614618671725771814
Fixed Assets5658596564616083938596107118
CWIP0000000013840
Investments270381459335381466518439339240444443
Other Assets10369634658577993185343577616654
Total Assets430508581446502584658614618671725771814

CARE Ratings Ltd Reserves and Borrowings Chart

CARE Ratings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 988310710710611913410967866882
Cash from Investing Activity -6-87-46157-41-22-258327-38-2713
Cash from Financing Activity -40-40-62-276-66-96-99-195-107-43-35-63
Net Cash Flow52-44-1-12-1111-4-135632

CARE Ratings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days324023223132435461312528
Inventory Days
Days Payable
Cash Conversion Cycle324023223132435461312528
Working Capital Days-51-85-100-82-65-10-113141640641
ROCE %37%36%39%46%44%41%35%19%21%16%19%

CARE Ratings Ltd Financial Efficiency Indicators Chart

CARE Ratings Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
FIIs26.30%22.69%23.52%21.13%23.18%25.74%17.47%18.14%17.99%20.03%20.25%20.90%
DIIs21.69%20.40%18.47%17.89%16.10%14.52%21.53%24.88%25.06%23.79%23.17%23.72%
Public52.01%56.91%58.01%60.98%60.72%59.74%61.00%56.99%56.94%56.16%56.57%55.38%
No. of Shareholders60,44470,11768,79172,65871,89369,18671,42369,19664,90161,05059,50455,721

CARE Ratings Ltd Shareholding Pattern Chart

No. of CARE Ratings Ltd Shareholders

This stock is not held by any mutual fund

CARE Ratings Ltd ROCE Trend

CARE Ratings Ltd EPS Trend

CARE Ratings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)28.1725.4530.3827.9646.66
Diluted EPS (Rs.)28.1725.4530.3827.9646.66
Cash EPS (Rs.)32.3228.5133.5230.9747.99
Book Value[Excl.RevalReserv]/Share (Rs.)228.63220.20201.29182.11187.48
Book Value[Incl.RevalReserv]/Share (Rs.)228.63220.20201.29182.11187.48
Revenue From Operations / Share (Rs.)93.9483.5384.3382.70108.27
PBDIT / Share (Rs.)46.2236.0243.1338.2869.60
PBIT / Share (Rs.)42.6733.4240.4835.6568.47
PBT / Share (Rs.)42.3433.2740.2735.3368.47
Net Profit / Share (Rs.)28.7725.9130.8828.3446.86
NP After MI And SOA / Share (Rs.)28.1225.3330.3827.9646.66
PBDIT Margin (%)49.2043.1251.1446.2964.28
PBIT Margin (%)45.4340.0148.0043.1063.24
PBT Margin (%)45.0739.8247.7542.7263.24
Net Profit Margin (%)30.6331.0236.6134.2643.28
NP After MI And SOA Margin (%)29.9330.3336.0333.8043.09
Return on Networth / Equity (%)12.4211.5915.2015.4424.99
Return on Capital Employeed (%)17.8014.6519.2718.7835.62
Return On Assets (%)10.8310.3213.3213.3022.34
Asset Turnover Ratio (%)0.330.310.340.350.47
Current Ratio (X)10.1911.0110.344.955.71
Quick Ratio (X)10.1911.0110.344.955.71
Dividend Payout Ratio (NP) (%)71.0250.9944.79104.13117.86
Dividend Payout Ratio (CP) (%)63.0746.2441.1995.15115.08
Earning Retention Ratio (%)28.9849.0155.21-4.13-17.86
Cash Earning Retention Ratio (%)36.9353.7658.814.85-15.08
Interest Coverage Ratio (X)137.04230.27205.78121.600.00
Interest Coverage Ratio (Post Tax) (X)86.31166.65148.3191.000.00
Enterprise Value (Cr.)1859.531441.35932.75859.572884.13
EV / Net Operating Revenue (X)6.675.823.753.539.04
EV / EBITDA (X)13.5513.507.347.6214.06
MarketCap / Net Operating Revenue (X)6.846.134.883.989.13
Retention Ratios (%)28.9749.0055.20-4.13-17.86
Price / BV (X)2.842.342.061.825.29
Price / Net Operating Revenue (X)6.846.134.883.989.13
EarningsYield0.040.040.070.080.04

CARE Ratings Ltd Profitability Ratios (%)

CARE Ratings Ltd Liquidity Ratios

CARE Ratings Ltd Liquidity Ratios (%)

CARE Ratings Ltd Interest Coverage Ratios (%)

CARE Ratings Ltd Valuation Ratios

Fair Value of CARE Ratings Ltd Stock

Fair Value: 1055.58

The stock is overvalued by 8.05% compared to the current price ₹1148

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness of CARE Ratings Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 29.42%, which is a positive sign.
  2. The company has higher reserves (497.46 cr) compared to borrowings (4.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (264.31 cr) and profit (162.00 cr) over the years.
  1. The stock has a high average Working Capital Days of 76.25, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 35.17, which may not be favorable.

FAQ

What is the latest fair value of CARE Ratings Ltd?

The latest fair value of CARE Ratings Ltd is ₹1055.58.

What is the Market Cap of CARE Ratings Ltd?

The Market Cap of CARE Ratings Ltd is 3,426 Cr..

What is the current Stock Price of CARE Ratings Ltd as on 06 April 2024?

The current stock price of CARE Ratings Ltd as on 06 April 2024 is 1,148.

What is the High / Low of CARE Ratings Ltd stocks in FY 2024?

In FY 2024, the High / Low of CARE Ratings Ltd stocks is ₹1,265/626.

What is the Stock P/E of CARE Ratings Ltd?

The Stock P/E of CARE Ratings Ltd is 35.6.

What is the Book Value of CARE Ratings Ltd?

The Book Value of CARE Ratings Ltd is 230.

What is the Dividend Yield of CARE Ratings Ltd?

The Dividend Yield of CARE Ratings Ltd is 1.51 %.

What is the ROCE of CARE Ratings Ltd?

The ROCE of CARE Ratings Ltd is 18.7 %.

What is the ROE of CARE Ratings Ltd?

The ROE of CARE Ratings Ltd is 12.7 %.

What is the Face Value of CARE Ratings Ltd?

The Face Value of CARE Ratings Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in CARE Ratings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE