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    CARE Ratings Limited

    India's second-largest credit rating agency, rating debt instruments, banks, corporates and sovereigns across a global group.

    Financial Services
    Financial Services
    View CARERATING earnings calls
    ₹1,713.3
    +4.78% from avg

    Overview

    Price

    ₹1,713.3

    Market Cap

    ₹5.1k Cr

    Sector

    Financial Services

    Financial Services

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2929303030303030
    Reserves504559618643687776832902
    Borrowings0791720242526
    Other Liabilities85746980105128150146
    Total Liabilities6186717257708429581.0k1.1k
    AssetsFixed Assets938596107109119124122
    CWIP13846305
    Investments33924044444413417587
    Other Assets185343577614683702739890
    Total Assets6186717257708429581.0k1.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1096786688291123148
    Cash from Investing8327-38-2713-39-58-94
    Cash from Financing-195-107-43-35-63-63-54-59
    SummaryCapital Expenditure
    Free Cash Flow826382497182108140
    FCF Margin

    Valuation

    Banks & financials don't fit this model

    Lenders and insurers have a fundamentally different capital structure. Discounting net profit misvalues them — we exclude them rather than mislead you.

    CARERATING · FINANCIALS_SECTOR

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