CARE Ratings Limited (NSE:CARERATING)

CARE Ratings Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	4,908	4,731	4,023	3,317	2,790	2,476
Revenue Growth	17.62%	17.59%	21.30%	18.89%	12.66%	-0.33%
Gross Profit Gross Profit Growth	2,688	2,565	2,110	1,671	1,450	1,212
Operating Income Operating Income Growth	1,895	1,830	1,436	1,017	945.18	721.16
Net Income Net Income Growth	1,777	1,712	1,372	1,005	835.29	751.08
Earnings Per Share EPS Growth	58.97	56.83	45.69	33.67	28.17	25.31
EPS Growth	24.59%	24.38%	35.70%	19.54%	11.29%	-16.55%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Ratings and Related Services Ratings and Related Services Growth	4,391	4,234	3,601	2,984	2,615	2,297
Others Others Growth	530.98	505.87	425.67	339.01	179.15	208.58
Inter Segment Inter Segment Growth	-13.93	-9.19	-3.71	-5.94	-4.1	-29.41
Total Total Growth	4,908	4,731	4,023	3,317	2,790	2,476

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	6,193	6,193	6,413	6,232	5,557	4,576
Total Debt Total Debt Growth	261.84	261.84	237.69	195.54	174.78	89.13
Net Cash (Debt) Net Cash Growth	5,931	5,931	6,175	6,037	5,382	4,487
Net Cash Growth	-3.87%	-3.95%	2.29%	12.16%	19.94%	114.29%
Net Cash Per Share Net Cash Per Share Growth	196.86	196.92	205.57	202.18	181.49	151.22

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-	1,476	1,230	908.82	822.42	680.03
Capital Expenditures CapEx Growth	-	-83	-147.38	-91.71	-115.06	-189.83
Free Cash Flow Free Cash Flow Growth	-	1,393	1,082	817.1	707.36	490.2
Free Cash Flow Growth	-	28.70%	32.44%	15.52%	44.30%	-39.99%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	54.75%	54.21%	52.44%	50.38%	51.99%	48.95%
Operating Margin	38.60%	38.69%	35.70%	30.65%	33.88%	29.12%
Pretax Margin	49.48%	49.75%	47.79%	44.21%	45.07%	39.83%
Profit Margin	36.19%	36.18%	34.11%	30.31%	29.94%	30.33%
FCF Margin	-	29.44%	26.90%	24.64%	25.35%	19.79%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 22, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	22.000	22.000	18.000	18.000	17.000	17.000
Dividend Per Share Growth	22.22%	22.22%	0%	5.88%	0%	0%
Dividend Yield	1.28%	1.53%	1.66%	1.67%	2.82%	3.68%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 22, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	28.40	25.43	24.12	33.24	22.86	20.15
Forward PE	24.92	23.24	21.69	26.61	17.72	16.87
P/FCF Ratio	36.13	31.25	30.59	40.90	26.99	30.87
PS Ratio	10.25	9.20	8.23	10.07	6.84	6.11

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 18, 2026

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