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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of CRISIL Ltd

About the Company - CRISIL Ltd

Crisil Ltd. is a Public Limited Listed company incorporated on 29/01/1987 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67120MH1987PLC042363 and registration number is 042363. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company’s Total Operating Revenue is Rs. 1052.91 Cr. and Equity Capital is Rs. 7.29 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
Services - OthersCRISIL House, Central Avenue, Mumbai Maharashtra 400076investors@crisil.com
http://www.crisil.com
Management
NamePosition Held
Mr. Yann Le PallecChairman
Mr. Amish MehtaManaging Director & CEO
Mr. Girish ParanjpeIndependent Director
Ms. Shyamala GopinathIndependent Director
Mr. Amar Raj BindraIndependent Director
Mr. Nishi VasudevaIndependent Director
Mr. Saugata SahaDirector
Mr. Girish GanesanDirector

Basic Stock Data of CRISIL Ltd

Last Updated: May 15, 2024, 7:44 am

Market Cap 31,453 Cr.
Current Price 4,291
High / Low5,268/3,500
Stock P/E48.4
Book Value 299
Dividend Yield1.26 %
ROCE41.4 %
ROE32.3 %
Face Value 1.00
PEG Ratio4.11

CRISIL Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales597495529571706595669683822715771736918
Expenses443368389424514419499531606511567544649
Operating Profit154128139147193176169151216203204192269
OPM %26%26%26%26%27%30%25%22%26%28%26%26%29%
Other Income15132233592035651817183636
Interest4332222211111
Depreciation31282726252526262626262625
Profit before tax134110131151225169177189207194195200279
Tax %18%24%23%25%25%28%23%22%24%25%23%24%25%
Net Profit11084101113169122137148158146151152210
EPS in Rs15.1611.4913.8615.5023.1416.6718.7520.2421.6319.9420.6020.7928.74

Last Updated: May 7, 2024, 11:31 pm

CRISIL Ltd Quarterly Chart

CRISIL Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022TTM
Sales8079781,1111,2531,3801,5481,6581,7481,7321,9822,3012,7693,044
Expenses5456507508659801,1041,2031,2771,2761,4711,6902,0392,229
Operating Profit262328361389400443455471456511611730815
OPM %33%34%32%31%29%29%27%27%26%26%27%26%27%
Other Income43201032443502573738312312289
Interest00000002014964
Depreciation303438363755474337121106103105
Profit before tax275314425376406438434500492458618742796
Tax %25%30%30%29%30%33%30%27%30%23%25%24%
Net Profit206220298268285294304363344355466564606
EPS in Rs29.0731.3842.1637.6240.0441.2642.4650.3547.5748.8763.9277.2582.96
Dividend Payout %37%51%45%53%57%65%66%60%67%68%72%62%

CRISIL Ltd Profit & Loss Yearly Chart

CRISIL Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:12%
3 Years:17%
TTM:9%
Compounded Profit Growth
10 Years:10%
5 Years:12%
3 Years:23%
TTM:11%
Stock Price CAGR
10 Years:12%
5 Years:25%
3 Years:31%
1 Year:21%
Return on Equity
10 Years:31%
5 Years:31%
3 Years:32%
Last Year:32%

Last Updated: May 15, 2024, 7:44 am

CRISIL Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital7777777777777
Reserves4115226678418499781,0411,1291,1651,3051,5711,7851,918
Borrowings00000003301328355
Other Liabilities285454470416475400446495514895793956945
Total Liabilities7039831,1451,2651,3311,3851,4951,6341,6892,2072,5042,8312,924
Fixed Assets226467449432413309293350349763661619639
CWIP10003413712145140
Investments16115244375383465525477453476645683708
Other Assets4604014514585326076638008759551,1931,5151,577
Total Assets7039831,1451,2651,3311,3851,4951,6341,6892,2072,5042,8312,924

CRISIL Ltd Reserves and Borrowings Chart

CRISIL Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Cash from Operating Activity 260223254265270279291379446500403456
Cash from Investing Activity -59-68-157-1852-19-179-64-77-300-97-59
Cash from Financing Activity -167-111-82-112-262-227-187-203-229-265-291-368
Net Cash Flow344415-311033-75111140-641529

CRISIL Ltd Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Debtor Days4244394152495759425786100
Inventory Days
Days Payable
Cash Conversion Cycle4244394152495759425786100
Working Capital Days-54-95-86-46-39-72-8-26-35-98
ROCE %66%66%60%48%45%45%41%45%42%37%38%41%

CRISIL Ltd Financial Efficiency Indicators Chart

CRISIL Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters66.99%66.92%66.88%66.79%66.74%66.72%66.70%66.69%66.67%66.66%66.65%66.65%
FIIs6.81%6.59%6.84%6.65%6.58%6.69%6.68%6.90%7.17%7.25%7.19%7.20%
DIIs12.29%5.96%6.38%7.00%7.50%13.10%13.03%13.16%13.18%13.08%12.92%12.94%
Public13.91%20.53%19.90%19.56%19.19%13.50%13.59%13.27%12.99%13.01%13.23%13.21%
No. of Shareholders36,05042,91144,20846,67052,58554,16254,55147,27642,12543,14546,42849,675

CRISIL Ltd Shareholding Pattern Chart

No. of CRISIL Ltd Shareholders

CRISIL Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Magnum Midcap Fund14000004.34573.59
Kotak Equity Opportunities Fund - Regular Plan5450001.46223.29
HSBC Midcap Fund4264442.18174.72
Quant Active Fund4023002.72164.82
Aditya Birla Sun Life MNC Fund - Div2403942.9698.49
Aditya Birla Sun Life MNC Fund - Gr2403942.9698.49
NJ Balanced Advantage Fund2088472.3985.57
PGIM India Midcap Opportunities Fund1739730.7871.28
UTI MNC Fund1620002.6166.37
Canara Robeco Mid Cap Fund1304103.3153.43

CRISIL Ltd ROCE Trend

CRISIL Ltd EPS Trend

CRISIL Ltd Key Financial Ratios

MonthDec 22Dec 21Dec 20Dec 19Dec 18
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)77.3164.0348.9347.6150.50
Diluted EPS (Rs.)77.3163.9648.9347.5550.33
Cash EPS (Rs.)91.3478.4365.5452.6756.30
Book Value[Excl.RevalReserv]/Share (Rs.)245.14216.21180.69162.09157.59
Book Value[Incl.RevalReserv]/Share (Rs.)245.14216.21180.69162.09157.59
Revenue From Operations / Share (Rs.)378.76315.60272.98239.52242.51
PBDIT / Share (Rs.)116.5794.3181.7973.1275.54
PBIT / Share (Rs.)102.4479.7765.1168.0269.60
PBT / Share (Rs.)101.5684.8363.1367.9969.29
Net Profit / Share (Rs.)77.2163.9048.8647.5750.36
NP After MI And SOA / Share (Rs.)77.2163.9048.8647.5750.36
PBDIT Margin (%)30.7729.8829.9630.5231.14
PBIT Margin (%)27.0425.2723.8528.4028.70
PBT Margin (%)26.8126.8823.1228.3828.57
Net Profit Margin (%)20.3820.2417.8919.8620.76
NP After MI And SOA Margin (%)20.3820.2417.8919.8620.76
Return on Networth / Equity (%)31.4929.5527.0429.3431.95
Return on Capital Employeed (%)39.6734.1631.1441.1543.34
Return On Assets (%)19.9318.6016.0720.3622.22
Asset Turnover Ratio (%)0.700.650.580.610.90
Current Ratio (X)1.871.791.571.951.73
Quick Ratio (X)1.871.791.571.951.73
Dividend Payout Ratio (NP) (%)60.7959.3565.4163.0157.42
Dividend Payout Ratio (CP) (%)51.3948.3548.7656.9151.36
Earning Retention Ratio (%)39.2140.6534.5936.9942.58
Cash Earning Retention Ratio (%)48.6151.6551.2443.0948.64
Interest Coverage Ratio (X)133.1476.9941.262298.61244.23
Interest Coverage Ratio (Post Tax) (X)89.1948.0325.651496.43163.83
Enterprise Value (Cr.)22093.9520741.3113681.2113468.1511468.17
EV / Net Operating Revenue (X)7.989.026.907.786.56
EV / EBITDA (X)25.9330.1723.0425.4821.06
MarketCap / Net Operating Revenue (X)8.109.147.047.986.68
Retention Ratios (%)39.2040.6434.5836.9842.57
Price / BV (X)12.5113.3510.6411.7910.27
Price / Net Operating Revenue (X)8.109.147.047.986.68
EarningsYield0.020.020.020.020.03

CRISIL Ltd Profitability Ratios (%)

CRISIL Ltd Liquidity Ratios

CRISIL Ltd Liquidity Ratios (%)

CRISIL Ltd Interest Coverage Ratios (%)

CRISIL Ltd Valuation Ratios

Fair Value

Fair Value: ₹4,733.22

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.

Undervalued: 10.31% compared to the current price ₹4291

Intrinsic Value: ₹5,290.10

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • 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.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

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

Undervalued: 23.28% compared to the current price ₹4291

Last 5 Year EPS CAGR: 11.77%

*Investments are subject to market risks

Strength and Weakness of CRISIL Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 47.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -32.92, which is a positive sign.
  3. The company has higher reserves (1,169.58 cr) compared to borrowings (22.33 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (138.46 cr) and profit (482.62 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 55.67, which may not be favorable.

FAQ

What is the latest fair value of CRISIL Ltd?

The latest fair value of CRISIL Ltd is ₹4733.22.

What is the Market Cap of CRISIL Ltd?

The Market Cap of CRISIL Ltd is 31,453 Cr..

What is the current Stock Price of CRISIL Ltd as on 18 May 2024?

The current stock price of CRISIL Ltd as on 18 May 2024 is 4,291.

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

In FY 2024, the High / Low of CRISIL Ltd stocks is ₹5,268/3,500.

What is the Stock P/E of CRISIL Ltd?

The Stock P/E of CRISIL Ltd is 48.4.

What is the Book Value of CRISIL Ltd?

The Book Value of CRISIL Ltd is 299.

What is the Dividend Yield of CRISIL Ltd?

The Dividend Yield of CRISIL Ltd is 1.26 %.

What is the ROCE of CRISIL Ltd?

The ROCE of CRISIL Ltd is 41.4 %.

What is the ROE of CRISIL Ltd?

The ROE of CRISIL Ltd is 32.3 %.

What is the Face Value of CRISIL Ltd?

The Face Value of CRISIL Ltd is 1.00.

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 CRISIL 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