Operates two segments. Ratings services (30.5% of segment revenue in the quarter ended 31 March 2026, Rs 322.63 crore) assigns credit ratings to bond and loan issuers and earns recurring surveillance fees; its Q2 FY26 segment margin was 44.3%. Research, Analytics and Solutions (69.5% of segment revenue, Rs 735.63 crore) sells research, analytics and advisory to financial institutions, with Q1 FY26 segment margins at 22.7%. Within RAS, the Coalition Greenwich unit serves global corporate and investment banking clients, the recently acquired PriceMetrix adds wealth-management analytics in Canada, and the domestic India business covers industry and credit intelligence. Q1 FY26 consolidated revenue rose 27.6% year-on-year to Rs 1,075.39 crore with PAT of Rs 216.46 crore, and H1 FY26 revenue reached Rs 2,133.05 crore. The business model is asset-light and people-driven, with revenue tied to capital-markets activity (bond issuance volumes, bank credit growth) and to global CIB discretionary spending. The company is a step-down subsidiary of S&P Global, which remains the promoter. As of Q1 FY26, it served 11,400+ clients across 40 countries. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Research, Analytics and Solutions (70%), Ratings services (31%). Asset-light, people-intensive financial information services with cyclical exposure to capital-markets activity and global CIB spend
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | — | — | — | — | — |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | — | — | — | — | — |
| Capex | — | — | — | — | — |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 812 | 913 | 813 | 843 | 911 | 1,082 | 1,058 | 1,075 |
| Profit before tax | 229 | 294 | 227 | 225 | 262 | 327 | 308 | 280 |
| Net profit | 172 | 225 | 160 | 172 | 193 | 242 | 233 | 216 |
| EPS (₹) | 23.46 | 30.72 | 21.86 | 23.46 | 26.41 | 33.02 | 31.90 | 29.60 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Ratings services | 1,132 | 29.1 |
| Research, Analytics and Solutions | 1,379 | 35.4 |
| Research, Analytics & Solutions | 1,383 | 35.5 |
| Total, before eliminations | 3,895 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CRISIL LTD ◆ | 34,342 | 38.9 | 10.50 | — | 13.7 | 16.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · CRISIL publishes IEPF share transfer notice in newspapers | compliance | minimal | — | — |
| 7 Sept 2026 · CRISIL shareholders approve Abhishek Tomar as Non-executive Director | management changes | medium | — | — |
| 7 Sept 2026 · CRISIL: Abhishek Tomar appointed as Non-executive Director via Postal Ballot | management changes | medium | — | — |
| 26 Aug 2026 · Crisil shares notice on special window for physical share re-lodgement | compliance | minimal | — | — |
| 12 Aug 2026 · Intimation of analyst meet at Motilal Oswal conference on Aug 17, 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · CRISIL to participate in Emkay Confluence 2026 analyst meet on Aug 13 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Newspaper ad confirming Postal Ballot notice dispatch | compliance | minimal | — | — |
| 5 Aug 2026 · CRISIL completes amalgamation of two step-down subsidiaries | strategic transactions | medium | — | — |
| 5 Aug 2026 · Postal Ballot for appointment of Abhishek Tomar as Non-executive Director | management changes | medium | — | — |
| 5 Aug 2026 · Postal Ballot for Appointment of Abhishek Tomar as Non-executive Director | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| — |
| 30.6 |
| ONEMI TECHNOLOGY SOL LTD | 5,526 | 19.6 | 4.12 | 9.4 | 21.0 | 18.8 | — | 32.0 |
| GYFTR LIMITED | 1,359 | — | 2.80 | 41.8 | 4.5 | 5.3 | 32.8 | 4.3 |
| CENTRUM CAPITAL LIMITED | 1,077 | — | 0.82 | 9.7 | (21.4) | (2.5) | 49.7 | 29.7 |
| PRIME SECURITIES LIMITED | 961 | 171.5 | 3.75 | 87.4 | 5.1 | — | 25.7 | 19.0 |
| WEALTH FRST PORT. MG. LTD | 900 | 27.3 | 5.29 | 17.3 | 22.5 | 30.3 | — | 97.5 |
| STELLANT SECURITIES (INDIA) LT | 559 | — | 1784.58 | — | 18.2 | 18.2 | — | 56.7 |
| THE INVEST TRUST OF IND L | 511 | 15.3 | 0.70 | 7.1 | 4.7 | 3.9 | (2.4) | 23.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 38.9 | 17.9 | 72 of 95 | 25% |
| P/B | 10.5 | 1.2 | 96 of 101 | 5% |
| ROCE | 16.1 | 1.6 | 12 of 84 | 87% |
| ROE | 13.8 | 1.3 | 12 of 115 | 90% |
| Debt / Equity | 0.0 | 0.0 | 4 of 115 | 37% |
| EBITDA margin | 30.6 | 25.6 | 42 of 91 | 54% |
| Revenue growth | 27.6 | (4.1) | 28 of 85 | 68% |
| Profit growth | 26.2 | (0.2) | 47 of 109 | 57% |
| Market cap | 34342 | 28 | 1 of 109 | 100% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
