CRISIL Ltd
CRISIL Ltd
Financial ServicesKey Fundamentals
SmallcapRating ServicesFinancial ServicesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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32 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
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Technical Indicators
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 10.0 times its book value
Growth Rate
AI Analysis — Bull vs Bear
CRISIL Ltd is a financial services company with a market cap of ₹32,795 Cr trading at a PE of 37.2x and PB of 10.04x. The company has delivered consistent ROE averaging 27-29% over 3-10 year periods with TTM sales and profit growth of 22%, though the stock has declined 13% over the past year.
- Strong ROE consistency with 3-year ROE of 27%, 5-year ROE of 28%, and 10-year ROE of 29%, indicating durable competitive advantages
- TTM revenue growth accelerated to 22% compared to 3-year compounded sales growth of 10%, signaling improving business momentum
- TTM profit growth of 22% matches revenue growth, showing operating leverage and margin stability at scale
- Healthy dividend payout ratio of 59.0% demonstrates shareholder-friendly capital allocation with current yield at 0.42%
- Long-term compounded profit growth of 14% over 5 years and 10% over 10 years shows earnings durability across cycles
- Asset-light business model with negligible debt (debt-to-equity not material) reduces financial risk and supports high return ratios
- 5-year stock CAGR of 12% and 10-year CAGR of 8% demonstrate long-term wealth creation despite recent correction
- Stock trades at 10.04x book value, a steep premium that leaves limited margin of safety for investors
- PE ratio of 37.2x is elevated for a company with 10-year profit CAGR of only 10%, implying a PEG ratio well above 1
- Stock has declined 13% over the past 1 year, underperforming broader markets and signaling potential de-rating
- Last year ROE dropped to 24% from the 3-year average of 27%, indicating potential margin compression or capital efficiency decline
- 3-year compounded profit growth of only 7% is notably lower than the 5-year figure of 14%, suggesting a recent growth slowdown before TTM recovery
- Dividend yield of 0.42% is modest relative to the high payout ratio of 59%, reflecting the elevated stock valuation
- 3-year stock CAGR of just 6% versus 10-year CAGR of 8% suggests diminishing incremental returns for shareholders in recent periods
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 net profit up 26% Jul 21
Consolidated net profit rose 26.2% YoY to ₹216.5 crore in Q1FY26, driven by strong operational performance.
- ₹10 interim dividend declared Jul 21
Board declared an interim dividend of ₹10 per share alongside Q1 results on July 21, 2026.
- Canada subsidiaries amalgamation completed Aug 5
Merger of Crisil Canada Inc. and Crisil PriceMetrix Inc. into a single entity became effective August 1, with certificate received August 5.
- Motilal Oswal conference participation Aug 12
Crisil will present its corporate deck at the Motilal Oswal 22nd Annual Global Investor Conference on August 17 in Mumbai.
- New non-executive director vote Aug 5
Shareholders to vote on appointing S&P Global's Abhishek Tomar as Non-executive Director via e-voting from August 7 to September 5.
- UPSI fair disclosure code amended Jul 21
Board approved amended Code of Practices for Fair Disclosure of UPSI on July 21, ensuring compliance with SEBI PIT Regulations.
TL;DR: CRISIL delivered a strong Q1FY26 with 26% profit growth and rewarded shareholders with a ₹10 interim dividend. No material headwinds are visible in recent news flow. Corporate actions like the Canada subsidiary merger and governance updates reflect ongoing structural consolidation. The trend is steady-positive, with the upcoming investor conference likely to reinforce confidence in the growth trajectory.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 771 | 736 | 918 | 738 | 797 | 812 | 913 | 813 | 843 | 911 | 1,082 | 1,058 | 1,075 |
| Expenses | 567 | 544 | 649 | 546 | 591 | 588 | 626 | 581 | 604 | 648 | 742 | 739 | 768 |
| Operating Profit | 204 | 192 | 269 | 192 | 207 | 224 | 287 | 232 | 239 | 263 | 340 | 319 | 308 |
| OPM % | 26% | 26% | 29% | 26% | 26% | 28% | 31% | 29% | 28% | 29% | 31% | 30% | 29% |
| Other Income | 18 | 36 | 36 | 21 | 18 | 21 | 30 | 31 | 24 | 37 | 27 | 36 | 21 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 6 | 6 | 6 | 5 | 7 | 7 |
| Depreciation | 26 | 26 | 25 | 17 | 16 | 16 | 21 | 30 | 32 | 32 | 35 | 39 | 42 |
| PBT | 195 | 200 | 279 | 195 | 208 | 229 | 294 | 227 | 225 | 262 | 327 | 308 | 280 |
| Tax % | 23% | 24% | 25% | 30% | 28% | 25% | 24% | 30% | 24% | 26% | 26% | 24% | 23% |
| Net Profit | 151 | 152 | 210 | 138 | 150 | 172 | 225 | 160 | 172 | 193 | 242 | 233 | 216 |
| EPS in Rs | 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 |
Profit & Loss
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 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
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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/OP | 100 | 100 | 98 | 101 | 116 | 130 | 122 | 98 | 93 | 116 | 118 | 96 |
Ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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% |
Documents
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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.[1]