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CRISIL

CRISIL NSE
₹4,448.00 No trade today
P/E
36.78
View as Markdown
MCP
Close 4 Nov 2026 ₹4,448.00 −351.80 −7.33% 1Y
Start ₹4,799.80

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
32.60%
Debt to Equity
0.10
EPS (TTM)
₹120.93
Book Value
₹447.34
Market Cap
—
P/E (TTM)
36.78
P/B
9.94
ROE
24.50%
Dividend Yield
0.81%
EBITDA
₹1,192 Cr
52W High
₹4,872.70
52W Low
₹3,686.00
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
73
Strong
Returns, margins, earnings quality 22% weight
Valuation
42
Weak
Cheap vs sector & own history 24% weight
Growth
73
Strong
Sales & profit trajectory 9% weight
Financial Health
56
Good
Solvency, leverage, coverage 9% weight
Momentum
54
Average
Trend strength, vol-adjusted 12% weight
Ownership
48
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
  • Company has been maintaining a healthy dividend payout of 59.0%

Weaknesses

1
  • Stock is trading at 10.7 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1045
OscillatorsBullish243
Moving AveragesStrong Bearish802

Key readings

RSI (14)
42.79
Neutral
MACD (12,26,9)
−8.02
Bearish
SMA (50)
4,593.52
Bearish
SMA (200)
4,344.76
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+10.21%
5Y+12.98%
3Y+9.64%
1Y+11.93%
TTM+22.03%

Net profit

Net profit growth by window
10Y+10.39%
5Y+16.63%
3Y+10.74%
1Y+11.99%
TTM+21.26%

Operating cash flow

Operating cash flow growth by window
10Y+10.84%
5Y+8.62%
3Y+18.35%
1Y−1.18%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+0.74 pp
5Y+3.95 pp
3Y+3.37 pp
1Y+1.79 pp
TTM+0.77 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹1,548 Cr
Dec 2017₹1,658 Cr
Dec 2018₹1,748 Cr
Dec 2019₹1,732 Cr
Dec 2020₹1,982 Cr
Dec 2021₹2,301 Cr
Dec 2022₹2,769 Cr
Dec 2023₹3,140 Cr
Dec 2024₹3,260 Cr
Dec 2025₹3,649 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹294 Cr
Dec 2017₹304 Cr
Dec 2018₹363 Cr
Dec 2019₹344 Cr
Dec 2020₹355 Cr
Dec 2021₹466 Cr
Dec 2022₹564 Cr
Dec 2023₹658 Cr
Dec 2024₹684 Cr
Dec 2025₹766 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,301 Cr +38.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 29 Oct 2026
AI opinion · based on fundamentals
Risk medium

CRISIL Ltd trades at ₹4,598.4 as of 2026-10-29 with a market cap of ₹33,628 Cr, commanding a PE of 38.03x and a PB of 10.28x. The company delivers strong profitability with ROE of 25.25% and ROCE of 31.04% on a near debt-free balance sheet (debt-to-equity of 0.10), while TTM sales and profit growth have both accelerated to 22%.

Bull Case 8
  • Consistent high return on equity with a 3-year ROE of 27%, 5-year ROE of 28%, and 10-year ROE of 29%, indicating durable competitive advantages in its ratings and analytics businesses
  • Near debt-free balance sheet with debt-to-equity of just 0.10, providing financial flexibility and resilience through credit cycles
  • ROCE of 31.04% reflects efficient capital deployment and asset-light business model typical of rating agencies
  • TTM compounded sales growth has accelerated to 22%, well above the 10-year CAGR of 10%, suggesting strong momentum in the current period
  • TTM compounded profit growth of 22% matches sales growth, indicating operating leverage and margin discipline at scale
  • Healthy dividend payout ratio of 59.0% with a current yield of 0.78%, reflecting shareholder-friendly capital allocation
  • 5-year compounded sales CAGR of 13% and profit CAGR of 14% demonstrate sustained double-digit growth over a meaningful period
  • Stock is trading 7.9% below its 52-week high of ₹4,995, having recovered well from its 52-week low of ₹3,686
Bear Case 8
  • PE of 38.03x is significantly elevated, pricing in substantial future growth and leaving limited room for execution missteps
  • Price-to-book of 10.28x is extremely rich even for an asset-light business, implying the market is paying a steep premium over tangible net worth
  • 1-year stock CAGR is -4%, indicating the market has de-rated the stock over the past year despite strong earnings growth
  • Last year ROE dipped to 24% from the 3-year average of 27%, suggesting some near-term margin or capital efficiency pressure
  • 3-year stock CAGR of only 6% versus 10-year CAGR of 8% implies returns have lagged broader market indices in recent years
  • Dividend yield of 0.78% offers limited income cushion for investors at current valuation levels
  • 3-year compounded profit CAGR of 7% is notably lower than the 5-year CAGR of 14%, indicating a period of slower earnings growth before the recent TTM acceleration
  • Market cap of ₹33,628 Cr on TTM EPS of ₹120.93 leaves the stock vulnerable to de-rating if the 22% TTM growth rate normalises back toward the 10-year average of 10%

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

12h ago

TL;DR: CRISIL's core ratings business is well-positioned as India's corporate sector shows multi-layered resilience with credit ratios above 1.5x, declining NPAs and record infrastructure spending. The appointment of a new CTIO with GenAI expertise signals investment in technology transformation. Key risks stem from geopolitical tensions in West Asia and US-China trade uncertainty, though India's diversified supply chains and strong domestic consumption provide buffers. The trend is broadly positive, supported by sustained government capex and improving banking system health.

Headwinds 1
  • West Asia conflict energy risks Nov 03

    Ongoing West Asia conflict has heightened concerns around energy security and shipping routes, while US-China tariff uncertainties and strategic tensions are reshaping global trade flows.

Positives 6
  • Credit ratio above 1.5x since FY22 Nov 03

    CRISIL's credit ratio (upgrades to downgrades) has remained above 1.5x since fiscal 2022 with a reaffirmation rate of around 80%, reflecting strong corporate resilience across multiple geopolitical shocks.

  • Robust GDP and consumption growth Nov 03

    Real GDP grew 7.8% YoY in Q1 FY27 vs 6.9% a year earlier, with domestic consumption at 55-60% of GDP and estimated to reach 57% in FY26.

  • Infrastructure capex up fivefold Nov 03

    Central government capital expenditure rose nearly fivefold to a budgeted ₹12.2 lakh crore (3.2% of GDP) in FY27 from ₹2.53 lakh crore in FY16, with infrastructure sectors accounting for over 40% of rating upgrades in the past three years.

Neutral 1
  • New CTIO appointed Nov 3 Nov 03

    Sunilsingh Rajput appointed as Chief Technology and Information Officer effective November 3, 2026, bringing over 30 years of experience including 17 years at Accenture, with expertise in cloud, data and GenAI.

Quarterly Results

₹ Cr
CRISIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
771
736
918
738
797
812
913
813
843
911
1,082
1,058
1,075
1,095
Expenses
567
544
649
546
591
588
626
581
604
648
742
739
768
794
Operating Profit
204
192
269
192
207
224
287
232
239
263
340
319
308
302
OPM %
26%
26%
29%
26%
26%
28%
31%
29%
28%
29%
31%
30%
29%
28%
Other Income
18
36
36
21
18
21
30
31
24
37
27
36
21
26
Interest
1
1
1
1
1
1
2
6
6
6
5
7
7
7
Depreciation
26
26
25
17
16
16
21
30
32
32
35
39
42
44
PBT
195
200
279
195
208
229
294
227
225
262
327
308
280
276
Tax %
23%
24%
25%
30%
28%
25%
24%
30%
24%
26%
26%
24%
23%
26%
Net Profit
151
152
210
138
150
172
225
160
172
193
242
233
216
205
EPS (₹)
20.6
20.79
28.74
18.84
20.53
23.46
30.72
21.86
23.46
26.41
33.02
31.9
29.6
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
CRISIL profit and loss, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
1,253
1,380
1,548
1,658
1,748
1,732
1,982
2,301
2,769
3,140
3,260
3,649
4,126
Expenses
865
980
1,104
1,203
1,277
1,276
1,471
1,690
2,039
2,258
2,349
2,564
2,897
Operating Profit
389
400
443
455
471
456
511
611
730
882
911
1,085
1,229
OPM %
31%
29%
29%
27%
27%
26%
26%
27%
26%
28%
28%
30%
30%
Other Income
24
43
50
25
73
73
83
123
122
94
90
107
121
Interest
0
0
0
0
2
0
14
9
6
4
4
22
25
Depreciation
36
37
55
47
43
37
121
106
103
104
70
129
149
PBT
376
406
438
434
500
492
458
618
742
868
926
1,041
1,177
Tax %
29%
30%
33%
30%
27%
30%
23%
25%
24%
24%
26%
26%
—
Net Profit
268
285
294
304
363
344
355
466
564
658
684
766
884
EPS (₹)
37.62
40.04
41.26
42.46
50.35
47.57
48.87
63.92
77.25
90.06
93.54
105
121
Div. Payout %
53%
57%
65%
66%
60%
67%
68%
72%
62%
60%
60%
57%
—

Balance Sheet

₹ Cr
CRISIL balance sheet, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
7
7
7
7
7
7
7
7
7
7
7
7
7
Reserves
841
849
978
1,041
1,129
1,165
1,305
1,571
1,785
2,182
2,558
3,026
3,264
Borrowings
0
0
0
0
3
3
0
132
83
47
250
297
335
Other Liabilities
416
475
400
446
495
514
895
793
956
1,061
1,127
1,252
1,418
Total Liabilities
1,265
1,331
1,385
1,495
1,634
1,689
2,207
2,504
2,831
3,297
3,942
4,582
5,024
Fixed Assets
432
413
309
293
350
349
763
661
619
635
976
1,440
1,515
CWIP
0
3
4
13
7
12
14
5
14
31
55
30
0
Investments
375
383
465
525
477
453
476
645
683
1,056
1,454
1,180
1,000
Other Assets
458
532
607
663
800
875
955
1,193
1,515
1,576
1,457
1,932
2,508
Total Assets
1,265
1,331
1,385
1,495
1,634
1,689
2,207
2,504
2,831
3,297
3,942
4,582
5,024

Cash Flow

₹ Cr
CRISIL cash flow, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
265
270
279
291
379
446
500
403
456
780
765
756
Investing
−185
2
−19
−179
−64
−77
−300
−97
−59
−326
−387
−267
Financing
−112
−262
−227
−187
−203
−229
−265
−291
−368
−408
−442
−470
Net Cash Flow
−31
10
33
−75
111
140
−64
15
29
47
−64
18
Free Cash Flow
245
245
256
258
347
418
466
430
417
721
594
688
CFO/EBITDA
100
100
98
101
116
130
122
98
93
116
118
96

Ratios

CRISIL financial ratios, annual
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
41
52
49
57
59
42
57
86
100
78
62
69
Cash Conversion Cycle
41
52
49
57
59
42
57
86
100
78
62
69
Working Capital Days
−46
−39
−7
2
−9
−27
−35
−18
0
−7
−31
5
ROCE %
48%
45%
45%
41%
45%
42%
37%
38%
41%
41%
34%
33%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view CRISIL insights

58 extracted metrics across FY12–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 66.64%
  • DIIs 12.63%
  • Public 12.51%
  • FIIs 6.94%
  • Others 1.28%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about CRISIL

What does CRISIL Ltd do?
CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.
Where is CRISIL Ltd (CRISIL) listed?
CRISIL Ltd trades as CRISIL on the NSE and under code 500092 on the BSE.
Which sector does CRISIL Ltd belong to?
CRISIL Ltd is classified under the Financial Services sector, in the Rating Services industry.
What is the PE ratio of CRISIL Ltd?
CRISIL Ltd trades at a PE ratio of 36.78 as of 4 Nov 2026, on earnings per share of ₹120.93, against a book value of ₹447.34 per share.
What is the 52-week high and low of CRISIL Ltd?
Over the last 52 weeks CRISIL Ltd has traded between ₹3,686 and ₹4,872.7 as of 4 Nov 2026.
Does CRISIL Ltd pay dividends?
CRISIL Ltd has a dividend yield of 0.81%.
What is the Return on Equity (ROE) of CRISIL Ltd?
CRISIL Ltd reported a return on equity of 24.50%. Its debt-to-equity ratio is 0.10.

Company Information

CRISIL Ltd is a globally diversified analytical Company providing ratings, research, risk and policy advisory services. CRISIL is India’s leading ratings agency and the foremost provider of high-end research to large banks and leading corporations.

Website crisil.com
CEO Mr. Amish P. Mehta
Employees 4,666
Listed 28 Jun 1995
Face Value ₹1

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