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.
Management |
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Name | Position Held |
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Mr. John L Berisford | Chairman |
Mr. Amish Mehta | Managing Director & CEO |
Mr. Ewout Steenbergen | Director |
Ms. Vinita Bali | Independent Director |
Mr. Girish Paranjpe | Independent Director |
Ms. Shyamala Gopinath | Independent Director |
Mr. Amar Raj Bindra | Independent Director |
Mr. Yann Le Pallec | Director |
Crisil Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹4,242.05 |
Previous Day | ₹4,278.90 |
Basic Stock Data of CRISIL Ltd
Market Cap | 30,781 Cr. |
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Current Price | 4,210 |
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High / Low | 4,455/2,712 |
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Stock P/E | 50.7 |
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Book Value | 263 |
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Dividend Yield | 1.13 % |
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ROCE | 41.1 % |
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ROE | 32.9 % |
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Face Value | 1.00 |
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CRISIL Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 485 | 597 | 495 | 529 | 571 | 706 | 595 | 669 | 683 | 822 | 715 | 771 | 736 |
Expenses | 372 | 443 | 368 | 389 | 424 | 514 | 419 | 499 | 531 | 606 | 511 | 567 | 544 |
Operating Profit | 113 | 154 | 128 | 139 | 147 | 193 | 176 | 169 | 151 | 216 | 203 | 204 | 192 |
OPM % | 23% | 26% | 26% | 26% | 26% | 27% | 30% | 25% | 22% | 26% | 28% | 26% | 26% |
Other Income | 37 | 15 | 13 | 22 | 33 | 59 | 20 | 35 | 65 | 18 | 17 | 18 | 36 |
Interest | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
Depreciation | 33 | 31 | 28 | 27 | 26 | 25 | 25 | 26 | 26 | 26 | 26 | 26 | 26 |
Profit before tax | 114 | 134 | 110 | 131 | 151 | 225 | 169 | 177 | 189 | 207 | 194 | 195 | 200 |
Tax % | 21% | 18% | 24% | 23% | 25% | 25% | 28% | 23% | 22% | 24% | 25% | 23% | 24% |
Net Profit | 90 | 110 | 84 | 101 | 113 | 169 | 122 | 137 | 148 | 158 | 146 | 151 | 152 |
EPS in Rs | 12.44 | 15.16 | 11.49 | 13.86 | 15.50 | 23.14 | 16.67 | 18.75 | 20.24 | 21.63 | 19.94 | 20.60 | 20.79 |
CRISIL Ltd Quarterly Chart
CRISIL Ltd Profit & Loss
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | TTM |
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Sales | 807 | 978 | 1,111 | 1,253 | 1,380 | 1,548 | 1,658 | 1,748 | 1,732 | 1,982 | 2,301 | 2,769 | 3,044 |
Expenses | 545 | 650 | 750 | 865 | 980 | 1,104 | 1,203 | 1,277 | 1,276 | 1,471 | 1,690 | 2,039 | 2,229 |
Operating Profit | 262 | 328 | 361 | 389 | 400 | 443 | 455 | 471 | 456 | 511 | 611 | 730 | 815 |
OPM % | 33% | 34% | 32% | 31% | 29% | 29% | 27% | 27% | 26% | 26% | 27% | 26% | 27% |
Other Income | 43 | 20 | 103 | 24 | 43 | 50 | 25 | 73 | 73 | 83 | 123 | 122 | 89 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 14 | 9 | 6 | 4 |
Depreciation | 30 | 34 | 38 | 36 | 37 | 55 | 47 | 43 | 37 | 121 | 106 | 103 | 105 |
Profit before tax | 275 | 314 | 425 | 376 | 406 | 438 | 434 | 500 | 492 | 458 | 618 | 742 | 796 |
Tax % | 25% | 30% | 30% | 29% | 30% | 33% | 30% | 27% | 30% | 23% | 25% | 24% | |
Net Profit | 206 | 220 | 298 | 268 | 285 | 294 | 304 | 363 | 344 | 355 | 466 | 564 | 606 |
EPS in Rs | 29.07 | 31.38 | 42.16 | 37.62 | 40.04 | 41.26 | 42.46 | 50.35 | 47.57 | 48.87 | 63.92 | 77.25 | 82.96 |
Dividend Payout % | 37% | 51% | 45% | 53% | 57% | 65% | 66% | 60% | 67% | 68% | 72% | 62% | |
CRISIL Ltd Profit & Loss Yearly Chart
CRISIL Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 11% |
5 Years:: | 11% |
3 Years:: | 17% |
TTM:: | 15% |
CRISIL Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 10% |
5 Years:: | 14% |
3 Years:: | 18% |
TTM:: | 12% |
CRISIL Ltd Growth
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Stock Price CAGR |
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10 Years:: | 15% |
5 Years:: | 22% |
3 Years:: | 29% |
1 Year:: | 51% |
CRISIL Ltd Growth
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Return on Equity |
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10 Years:: | 31% |
5 Years:: | 31% |
3 Years:: | 30% |
Last Year:: | 33% |
CRISIL Ltd Balance Sheet
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Jun 2023 |
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Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 411 | 522 | 667 | 841 | 849 | 978 | 1,041 | 1,129 | 1,165 | 1,305 | 1,571 | 1,785 | 1,918 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 132 | 83 | 55 |
Other Liabilities | 285 | 454 | 470 | 416 | 475 | 400 | 446 | 495 | 514 | 895 | 793 | 956 | 945 |
Total Liabilities | 703 | 983 | 1,145 | 1,265 | 1,331 | 1,385 | 1,495 | 1,634 | 1,689 | 2,207 | 2,504 | 2,831 | 2,924 |
Fixed Assets | 226 | 467 | 449 | 432 | 413 | 309 | 293 | 350 | 349 | 763 | 661 | 619 | 639 |
CWIP | 1 | 0 | 0 | 0 | 3 | 4 | 13 | 7 | 12 | 14 | 5 | 14 | 0 |
Investments | 16 | 115 | 244 | 375 | 383 | 465 | 525 | 477 | 453 | 476 | 645 | 683 | 708 |
Other Assets | 460 | 401 | 451 | 458 | 532 | 607 | 663 | 800 | 875 | 955 | 1,193 | 1,515 | 1,577 |
Total Assets | 703 | 983 | 1,145 | 1,265 | 1,331 | 1,385 | 1,495 | 1,634 | 1,689 | 2,207 | 2,504 | 2,831 | 2,924 |
CRISIL Ltd Reserves and Borrowings Chart
CRISIL Ltd Cash Flow
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 |
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Cash from Operating Activity | 260 | 223 | 254 | 265 | 270 | 279 | 291 | 379 | 446 | 500 | 403 | 456 |
Cash from Investing Activity | -59 | -68 | -157 | -185 | 2 | -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 Flow | 34 | 44 | 15 | -31 | 10 | 33 | -75 | 111 | 140 | -64 | 15 | 29 |
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CRISIL Ltd Financial Efficiency Indicators
Month | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 |
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Debtor Days | 42 | 44 | 39 | 41 | 52 | 49 | 57 | 59 | 42 | 57 | 86 | 100 |
Inventory Days | | | | | | | | | | | | |
Days Payable | | | | | | | | | | | | |
Cash Conversion Cycle | 42 | 44 | 39 | 41 | 52 | 49 | 57 | 59 | 42 | 57 | 86 | 100 |
Working Capital Days | -54 | -95 | -86 | -46 | -39 | -7 | 2 | -8 | -26 | -35 | -9 | 8 |
ROCE % | 66% | 66% | 60% | 48% | 45% | 45% | 41% | 45% | 42% | 37% | 38% | 41% |
CRISIL Ltd Financial Efficiency Indicators Chart
CRISIL Ltd Share Holding Pattern
Month | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Promoters | 67.13% | 67.05% | 66.99% | 66.92% | 66.88% | 66.79% | 66.74% | 66.72% | 66.70% | 66.69% | 66.67% | 66.66% |
FIIs | 7.15% | 6.71% | 6.81% | 6.59% | 6.84% | 6.65% | 6.58% | 6.69% | 6.68% | 6.90% | 7.17% | 7.25% |
DIIs | 11.55% | 12.08% | 12.29% | 5.96% | 6.38% | 7.00% | 7.50% | 13.10% | 13.03% | 13.16% | 13.18% | 13.08% |
Public | 14.17% | 14.16% | 13.91% | 20.53% | 19.90% | 19.56% | 19.19% | 13.50% | 13.59% | 13.27% | 12.99% | 13.01% |
No. of Shareholders | 32,277 | 31,945 | 36,050 | 42,911 | 44,208 | 46,670 | 52,585 | 54,162 | 54,551 | 47,276 | 42,125 | 43,145 |
CRISIL Ltd Shareholding Pattern Chart
No. of CRISIL Ltd Shareholders
CRISIL Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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SBI Magnum Midcap Fund | 1400000 | 4.34 | 573.59 |
Kotak Equity Opportunities Fund - Regular Plan | 545000 | 1.46 | 223.29 |
HSBC Midcap Fund | 426444 | 2.18 | 174.72 |
Quant Active Fund | 402300 | 2.72 | 164.82 |
Aditya Birla Sun Life MNC Fund - Div | 240394 | 2.96 | 98.49 |
Aditya Birla Sun Life MNC Fund - Gr | 240394 | 2.96 | 98.49 |
NJ Balanced Advantage Fund | 208847 | 2.39 | 85.57 |
PGIM India Midcap Opportunities Fund | 173973 | 0.78 | 71.28 |
UTI MNC Fund | 162000 | 2.61 | 66.37 |
Canara Robeco Mid Cap Fund | 130410 | 3.31 | 53.43 |
CRISIL Ltd Key Financial Ratios
Month | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
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FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Basic EPS (Rs.) | 77.31 | 64.03 | 48.93 | 47.61 | 50.50 |
Diluted EPS (Rs.) | 77.31 | 63.96 | 48.93 | 47.55 | 50.33 |
Cash EPS (Rs.) | 91.34 | 78.43 | 65.54 | 52.67 | 56.30 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 245.14 | 216.21 | 180.69 | 162.09 | 157.59 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 245.14 | 216.21 | 180.69 | 162.09 | 157.59 |
Revenue From Operations / Share (Rs.) | 378.76 | 315.60 | 272.98 | 239.52 | 242.51 |
PBDIT / Share (Rs.) | 116.57 | 94.31 | 81.79 | 73.12 | 75.54 |
PBIT / Share (Rs.) | 102.44 | 79.77 | 65.11 | 68.02 | 69.60 |
PBT / Share (Rs.) | 101.56 | 84.83 | 63.13 | 67.99 | 69.29 |
Net Profit / Share (Rs.) | 77.21 | 63.90 | 48.86 | 47.57 | 50.36 |
NP After MI And SOA / Share (Rs.) | 77.21 | 63.90 | 48.86 | 47.57 | 50.36 |
PBDIT Margin (%) | 30.77 | 29.88 | 29.96 | 30.52 | 31.14 |
PBIT Margin (%) | 27.04 | 25.27 | 23.85 | 28.40 | 28.70 |
PBT Margin (%) | 26.81 | 26.88 | 23.12 | 28.38 | 28.57 |
Net Profit Margin (%) | 20.38 | 20.24 | 17.89 | 19.86 | 20.76 |
NP After MI And SOA Margin (%) | 20.38 | 20.24 | 17.89 | 19.86 | 20.76 |
Return on Networth / Equity (%) | 31.49 | 29.55 | 27.04 | 29.34 | 31.95 |
Return on Capital Employeed (%) | 39.67 | 34.16 | 31.14 | 41.15 | 43.34 |
Return On Assets (%) | 19.93 | 18.60 | 16.07 | 20.36 | 22.22 |
Asset Turnover Ratio (%) | 0.70 | 0.65 | 0.58 | 0.61 | 0.90 |
Current Ratio (X) | 1.87 | 1.79 | 1.57 | 1.95 | 1.73 |
Quick Ratio (X) | 1.87 | 1.79 | 1.57 | 1.95 | 1.73 |
Dividend Payout Ratio (NP) (%) | 60.79 | 59.35 | 65.41 | 63.01 | 57.42 |
Dividend Payout Ratio (CP) (%) | 51.39 | 48.35 | 48.76 | 56.91 | 51.36 |
Earning Retention Ratio (%) | 39.21 | 40.65 | 34.59 | 36.99 | 42.58 |
Cash Earning Retention Ratio (%) | 48.61 | 51.65 | 51.24 | 43.09 | 48.64 |
Interest Coverage Ratio (%) | 133.14 | 76.99 | 41.26 | 2298.61 | 244.23 |
Interest Coverage Ratio (Post Tax) (%) | 89.19 | 48.03 | 25.65 | 1496.43 | 163.83 |
Enterprise Value (Cr.) | 22093.95 | 20741.31 | 13681.21 | 13468.15 | 11468.17 |
EV / Net Operating Revenue (X) | 7.98 | 9.02 | 6.90 | 7.78 | 6.56 |
EV / EBITDA (X) | 25.93 | 30.17 | 23.04 | 25.48 | 21.06 |
MarketCap / Net Operating Revenue (X) | 8.10 | 9.14 | 7.04 | 7.98 | 6.68 |
Retention Ratios (%) | 39.20 | 40.64 | 34.58 | 36.98 | 42.57 |
Price / BV (X) | 12.51 | 13.35 | 10.64 | 11.79 | 10.27 |
Price / Net Operating Revenue (X) | 8.10 | 9.14 | 7.04 | 7.98 | 6.68 |
EarningsYield | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
CRISIL Ltd Profitability Ratios (%)
CRISIL Ltd Liquidity Ratios
CRISIL Ltd Liquidity Ratios (%)
CRISIL Ltd Interest Coverage Ratios (%)
CRISIL Ltd Valuation Ratios
Fair Value of CRISIL Ltd Stock
Fair Value: ₹4436.49
The stock is undervalued by 5.38% compared to the current price ₹4210
*Investments are subject to market risks
Strength and Weakness of CRISIL Ltd Stock
Strength | Weakness |
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The stock has a low average Working Capital Days, which is a positive sign. The company has higher reserves compared to borrowings, indicating strong financial stability. The company has shown consistent growth in sales and profit over the years. | The stock has a low average ROCE, which may not be favorable. The stock has a high average Cash Conversion Cycle, which may not be favorable. |