|
Market Closed -
NSE India S.E.
04:35:08 21/08/2026 pm IST
|
5-day change | 1st Jan Change | ||
| 1,674.40 INR | -1.44% |
|
-2.50% | +4.66% |
Projected Income Statement: CARE Ratings Limited
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,476 | 2,859 | 3,317 | 4,023 | 4,731 | 5,545 | 6,378 | 7,281 |
| Change | - | 15.47% | 16% | 21.3% | 17.59% | 17.21% | 15.02% | 14.16% |
| EBITDA 1 | 798.2 | 993.4 | 1,121 | 1,553 | 1,974 | 2,300 | 2,691 | 3,092 |
| Change | - | 24.45% | 12.88% | 38.53% | 27.07% | 16.52% | 17% | 14.9% |
| EBIT 1 | 721.2 | 945.2 | 1,017 | 1,436 | 1,830 | 2,136 | 2,501 | 2,869 |
| Change | - | 31.06% | 7.55% | 41.29% | 27.44% | 16.71% | 17.09% | 14.71% |
| Interest Paid 1 | -4.638 | -10.02 | -17.12 | -21.08 | -24.86 | -24 | -24 | -24 |
| Earnings before Tax (EBT) 1 | 986.3 | 1,257 | 1,466 | 1,923 | 2,354 | 2,713 | 3,167 | 3,633 |
| Change | - | 27.49% | 16.61% | 31.12% | 22.41% | 15.27% | 16.73% | 14.71% |
| Net income 1 | 751.1 | 835.3 | 1,005 | 1,372 | 1,712 | 2,021 | 2,341 | 2,689 |
| Change | - | 11.21% | 20.35% | 36.52% | 24.73% | 18.07% | 15.83% | 14.87% |
| Announcement Date | 29/05/22 | 11/05/23 | 09/05/24 | 12/05/25 | 13/05/26 | - | - | - |
1INR in Million
Estimates
Forecast Balance Sheet: CARE Ratings Limited
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - |
| Announcement Date | 29/05/22 | 11/05/23 | 09/05/24 | 12/05/25 | 13/05/26 | - | - | - |
Estimates
Cash Flow Forecast: CARE Ratings Limited
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 189.8 | 115.1 | 91.71 | 147.4 | 83 | 108 | 123 | 139 |
| Change | - | -39.39% | -20.29% | 60.7% | -43.68% | 30.13% | 13.89% | 13.01% |
| Free Cash Flow (FCF) 1 | 490.2 | 707.4 | 817.1 | 1,082 | 1,393 | 2,242 | 2,574 | 2,951 |
| Change | - | 44.3% | 15.51% | 32.44% | 28.7% | 60.98% | 14.81% | 14.65% |
| Announcement Date | 29/05/22 | 11/05/23 | 09/05/24 | 12/05/25 | 13/05/26 | - | - | - |
1INR in Million
Estimates
Forecast Financial Ratios: CARE Ratings Limited
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 32.23% | 34.74% | 33.81% | 38.61% | 41.73% | 41.48% | 42.19% | 42.47% |
| EBIT Margin (%) | 29.12% | 33.05% | 30.65% | 35.7% | 38.69% | 38.52% | 39.21% | 39.4% |
| EBT Margin (%) | 39.83% | 43.98% | 44.21% | 47.79% | 49.75% | 48.93% | 49.66% | 49.9% |
| Net margin (%) | 30.33% | 29.21% | 30.31% | 34.11% | 36.18% | 36.45% | 36.7% | 36.93% |
| FCF margin (%) | 19.8% | 24.74% | 24.63% | 26.9% | 29.44% | 40.43% | 40.36% | 40.53% |
| FCF / Net Income (%) | 65.27% | 84.68% | 81.28% | 78.85% | 81.36% | 110.94% | 109.95% | 109.74% |
Profitability | ||||||||
| ROA | - | - | - | - | - | - | - | - |
| ROE | 12.15% | 13.25% | 14.47% | 18.02% | 19.69% | 20% | 20.2% | 20.3% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Debt / Free cash flow | - | - | - | - | - | - | - | - |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 7.67% | 4.02% | 2.77% | 3.66% | 1.75% | 1.95% | 1.93% | 1.91% |
| CAPEX / EBITDA (%) | 23.78% | 11.58% | 8.18% | 9.49% | 4.2% | 4.7% | 4.57% | 4.5% |
| CAPEX / FCF (%) | 38.73% | 16.27% | 11.22% | 13.62% | 5.96% | 4.82% | 4.78% | 4.71% |
Items per share | ||||||||
| Cash flow per share 1 | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | 17 | 17 | 17 | 18 | 14 | 26.1 | 28.5 | 32.5 |
| Change | - | 0% | 0% | 5.88% | -22.22% | 86.43% | 9.2% | 14.04% |
| Book Value Per Share 1 | 218.4 | 240.9 | 242.7 | 271.5 | 309.6 | 358.5 | 411.2 | 471.8 |
| Change | - | 10.31% | 0.74% | 11.85% | 14.03% | 15.81% | 14.7% | 14.74% |
| EPS 1 | 25.31 | 28.17 | 33.67 | 45.69 | 56.83 | 67.2 | 77.9 | 89.5 |
| Change | - | 11.3% | 19.52% | 35.7% | 24.38% | 18.25% | 15.92% | 14.89% |
| Nbr of stocks (in thousands) | 29,647 | 29,701 | 29,852 | 29,932 | 30,047 | 30,049 | 30,049 | 30,049 |
| Announcement Date | 29/05/22 | 11/05/23 | 09/05/24 | 12/05/25 | 13/05/26 | - | - | - |
1INR
Estimates
| 2027 * | 2028 * | |
|---|---|---|
| P/E | 24.9x | 21.5x |
| PBR | 4.67x | 4.07x |
| EV / Sales | 9.07x | 7.89x |
| Yield | 1.56% | 1.7% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1,674.40INR
Average target price
2,201.00INR
Spread / Average Target
+31.45%
Annual profits - Rate of surprise
- Stock Market
- Stocks
- CARERATING Stock
- Financials CARE Ratings Limited
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