Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 5 Oct - Allotment of 14,200 Equity shares pursuant to exercise of ESOP
Source: Bse
CARE Ratings Limited (CARERATING)
Small CapFinancial Services stocks · Small cap · NSE
CARE Ratings Limited operates in Ratings, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹1,616.3
+12.40 · +0.77%
Market cap ₹4,836 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:01 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
43NeutralSMA20 -4.9% / mo · MACD +
Stock trend: 42
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CARERATINGD candles · FIT view+3.6%Latest close ₹1616.30 on 2026-10-19
Bar
+1.3%
RSI
51
MACD hist
5.21
52W pos
50%
2026-10-19O ₹1595.00H ₹1639.00L ₹1595.00C ₹1616.30Vol 1.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CARERATINGNifty Financial ServicesNifty 500
- CARERATING
- -3.3%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +2.3 pp
Chart stats
19 Oct 2026- From 52W high
- -12.1%
- 52W range position
- 50%
- ATR (14)
- 3.0%
- Volume vs 20D
- 2.32x
- Avg traded value
- ₹8.3 Cr
- 20D price channel
- ₹1,484.4 - ₹1,666.3
₹1,838
₹1,392.7 - ₹1,838
₹48.8
Latest completed session
20-session average
29.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE51
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent80
Revenue +19.1% · PAT +26.9% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model-7.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence85
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 80/100Rev +19% YoY · PAT +27% YoY · margin expansion · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹112 Cr | +19.1% | -14.5% |
| EBITDA | ₹35 Cr | +25.0% | -42.6% |
| Operating margin | 31.0% | +100 bps | -1500 bps |
| PAT | ₹33 Cr | +26.9% | -37.7% |
| PAT margin | 29.5% | +180 bps | -1100 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 27.20
- P/B
- 5.19
- EV/EBITDA
- 22.20
- Market Cap
- 4836.00Cr
Profitability
- ROE
- 19.70%
- ROCE
- 26.30%
- ROA
- 16.29%
- Dividend Y
- 1.37%
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 27.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- 102.00×
- Altman Z
- 8.50
- Book Value
- 310.00
Cash Flow
- FCF Yield
- 1.12%
- FCF Positive Y
- 12/5
- OCF
- 148.00 Cr
- EPS TTM
- 59.16
Shareholding
- Promoter Hold
- —
- Promoter Pledge
- 0.00%
- Momentum 52W
- 48%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 473+17.7% vs prev
Net Profit
₹ CrLatest: 174+24.3% vs prev
Return on Equity
%Latest: 18.7+7.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 51. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~5.1% over last month) — short-term momentum negative.
- RSI(14) at 51 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 12% off 52W high · 16% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
66
RS percentile
Stage 1 Base / Transition
1M return
-3.1%
3M return
-3.3%
6M return
+0.6%
1Y return
+4.5%
RS 1D
+4
RS 20D
+7
Sector rank
#10
Industry rank
-
Stage evidence
- Price is within 1.5% of the 30-week proxy.
- The 30-week proxy changed +0.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 106.85+1.82%
RS vs Nifty 500107
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth16/25
Quality16/20
Balance Sheet9/15
Cash Flow5/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
51
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
51/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 16/20 to the score.
- Growth contributes 16/25 to the score.
Main drags
- Fair-value margin of safety is negative at -7.1%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 5/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
27.2
PB
5.2
EV/EBITDA
22.2
ROE
19.7%
ROCE
26.3%
FCF Yield
1.1%
Debt/Equity
0.0
MoS
-7.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
51
Previous: 51
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-7.1%
Previous: -7.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
51
51
51
51
53
53
51
51
51
51
51
51
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹642.37
-151.6% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹1,508.58
-7.1% MoS
PEG
1.42
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ICRA
Small
ICRA Limited
Ratings
match 88
55
21.1
16.7%
+13%
FAIR VALUE
CRISIL
Large
CRISIL Limited
Ratings
match 66
53
37.1
24.5%
-47%
FAIR VALUE
MASFIN
Small
MAS Financial Services Limited
NBFC / Capital Markets / Insurance
match 19
41
12.2
13.4%
+52%
WATCHLIST
NORTHARC
Small
Northern Arc Capital Limited
NBFC / Capital Markets / Insurance
match 19
44
10.7
11.1%
+60%
WATCHLIST
PILANIINVS
Small
Pilani Investment and Industries Corporation Limited
Insurance
match 18
37
—
0.2%
-40%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
CARE Ratings Limited operates in Ratings, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
85Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 98th percentile of the scored universe and 99th percentile within Financial Services. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
123 docs text-extracted · 12 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
98th percentile
overall median 67 · Financial Services: 99th pctile, median 62 · Small: 99th pctile, median 66
Evidence depth
Financial-only
123 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
98
strong · capital discipline
Results
77
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1%.
- ▸12 years of positive FCF.
- ▸Debt/equity is 0.03.
Trust risks
- ▸OPM spread across recent quarters is 20%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching CARE Ratings Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2 Sep - Allotment of 24,500 equity shares pursuant to exercise of ESOP
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.