Company Valuation: CARE Ratings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 15,133 19,092 33,416 33,105 43,523 48,860 - -
Change - 26.16% 75.03% -0.93% 31.47% 12.26% - -
Enterprise Value (EV) 15,133 19,092 33,416 33,105 43,523 48,860 48,860 48,860
Change - 26.16% 75.03% -0.93% 31.47% 12.26% 0% 0%
P/E Ratio 20.2x 22.8x 33.2x 24.2x 25.5x 24x 20.8x 18.1x
PBR 2.34x 2.67x 4.61x 4.07x 4.68x 4.52x 3.94x 3.44x
PEG - 2x 1.7x 0.7x 1x 1.3x 1.3x 1.2x
Capitalization / Revenue 6.11x 6.68x 10.1x 8.23x 9.2x 8.83x 7.66x 6.72x
EV / Revenue 0x 0x 0x 0x 0x 8.83x 7.66x 6.72x
EV / EBITDA 0x 0x 0x 0x 0x 21.2x 18.1x 15.8x
EV / EBIT 0x 0x 0x 0x 0x 22.8x 19.5x 17x
EV / FCF 0x 0x 0x 0x 0x 21.7x 18.9x 16.5x
FCF Yield 3.24% 3.71% 2.45% 3.27% 3.2% 4.61% 5.29% 6.06%
Dividend per Share 2 17 17 17 18 14 26.1 28.7 32.7
Rate of return 3.33% 2.64% 1.52% 1.63% 0.97% 1.61% 1.77% 2.01%
EPS 2 25.31 28.17 33.67 45.69 56.83 67.7 78.2 89.8
Distribution rate 67.2% 60.3% 50.5% 39.4% 24.6% 38.6% 36.7% 36.4%
Net sales 1 2,476 2,859 3,317 4,023 4,731 5,535 6,375 7,276
EBITDA 1 798.2 993.4 1,121 1,553 1,974 2,306 2,701 3,102
EBIT 1 721.2 945.2 1,017 1,436 1,830 2,142 2,510 2,877
Net income 1 751.1 835.3 1,005 1,372 1,712 2,032 2,347 2,695
Net Debt - - - - - - - -
Reference price 2 510.45 642.80 1,119.40 1,106.00 1,448.50 1,626.00 1,626.00 1,626.00
Nbr of stocks (in thousands) 29,647 29,701 29,852 29,932 30,047 30,049 - -
Announcement Date 29/05/22 11/05/23 09/05/24 12/05/25 13/05/26 - - -
1INR in Million2INR
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.02x - - 1.61% 514M
28.53x10.13x19.32x0.94% 78.23B
30.1x - - 2% 3B
26.53x - - 1.53% 521M
Average 27.29x 10.13x 19.32x 1.52% 20.56B
Weighted average by Cap. 28.54x 10.13x 19.32x 0.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation CARE Ratings Limited
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