CRISIL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4,472 INR | +2.71% |
|
+2.93% | +3.12% |
| Apr. 26 | Crisil Arm Gets License to Commence ESG Ratings Business | MT |
| Apr. 19 | Transcript : CRISIL Limited, 2023 Earnings Call, Apr 19, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 137,928 | 139,492 | 210,185 | 224,109 | 317,075 | 327,017 | - | - |
| Enterprise Value (EV) 1 | 137,928 | 139,492 | 210,185 | 224,109 | 317,075 | 327,017 | 327,017 | 327,017 |
| P/E ratio | 40.1 x | 39.3 x | 45.1 x | 39.7 x | 48.1 x | 51.2 x | 44.6 x | 39.2 x |
| Yield | 1.68% | 1.72% | 1.59% | 1.56% | 1.25% | 1.29% | 1.53% | 1.66% |
| Capitalization / Revenue | 7.96 x | 7.04 x | 9.14 x | 8.09 x | 10.1 x | 9.55 x | 8.75 x | 7.65 x |
| EV / Revenue | 7.96 x | 7.04 x | 9.14 x | 8.09 x | 10.1 x | 9.55 x | 8.75 x | 7.65 x |
| EV / EBITDA | 30.9 x | 27.9 x | 34.7 x | 31.4 x | 36.5 x | 35 x | 30.9 x | 27.2 x |
| EV / FCF | 33.1 x | 30 x | 55.3 x | 54 x | 44.2 x | 49.6 x | 41.7 x | 36.5 x |
| FCF Yield | 3.02% | 3.34% | 1.81% | 1.85% | 2.26% | 2.02% | 2.4% | 2.74% |
| Price to Book | 11.8 x | 10.6 x | 13.3 x | 12.5 x | 14.5 x | 13.7 x | 12.4 x | 11.1 x |
| Nbr of stocks (in thousands) | 72,304 | 72,593 | 72,868 | 73,064 | 73,114 | 73,124 | - | - |
| Reference price 2 | 1,908 | 1,922 | 2,884 | 3,067 | 4,337 | 4,472 | 4,472 | 4,472 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/17/23 | 2/16/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,317 | 19,818 | 23,007 | 27,687 | 31,395 | 34,258 | 37,356 | 42,727 |
| EBITDA 1 | 4,459 | 4,993 | 6,058 | 7,131 | 8,682 | 9,342 | 10,598 | 12,035 |
| EBIT 1 | 4,090 | 3,782 | 4,999 | 6,098 | 7,644 | 8,296 | 9,412 | 10,742 |
| Operating Margin | 23.62% | 19.08% | 21.73% | 22.02% | 24.35% | 24.22% | 25.19% | 25.14% |
| Earnings before Tax (EBT) 1 | 4,916 | 4,583 | 6,184 | 7,424 | 8,677 | 9,278 | 10,612 | 12,160 |
| Net income 1 | 3,440 | 3,547 | 4,658 | 5,644 | 6,584 | 6,800 | 7,770 | 8,902 |
| Net margin | 19.86% | 17.9% | 20.25% | 20.38% | 20.97% | 19.85% | 20.8% | 20.83% |
| EPS 2 | 47.55 | 48.90 | 63.96 | 77.26 | 90.07 | 87.35 | 100.2 | 114.0 |
| Free Cash Flow 1 | 4,168 | 4,656 | 3,803 | 4,152 | 7,174 | 6,590 | 7,835 | 8,968 |
| FCF margin | 24.07% | 23.49% | 16.53% | 15% | 22.85% | 19.24% | 20.97% | 20.99% |
| FCF Conversion (EBITDA) | 93.48% | 93.24% | 62.78% | 58.23% | 82.63% | 70.54% | 73.93% | 74.52% |
| FCF Conversion (Net income) | 121.18% | 131.24% | 81.65% | 73.57% | 108.95% | 96.9% | 100.83% | 100.75% |
| Dividend per Share 2 | 32.00 | 33.00 | 46.00 | 48.00 | 54.00 | 57.80 | 68.45 | 74.20 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/17/23 | 2/16/24 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 5,710 | 7,060 | 5,949 | - | 9,177 | 7,377 |
| EBITDA | 2,122 | 1,925 | 1,763 | - | - | - |
| EBIT 1 | 1,860 | - | - | - | - | 1,751 |
| Operating Margin | 32.58% | - | - | - | - | 23.74% |
| Earnings before Tax (EBT) 1 | - | - | - | - | 2,788 | 1,955 |
| Net income 1 | 1,129 | - | - | 1,520 | 2,101 | 1,377 |
| Net margin | 19.77% | - | - | - | 22.9% | 18.67% |
| EPS | - | - | - | 20.78 | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/15/22 | 4/21/22 | 11/7/23 | 2/16/24 | 4/16/24 |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 4,168 | 4,656 | 3,803 | 4,152 | 7,174 | 6,590 | 7,835 | 8,969 |
| ROE (net income / shareholders' equity) | 29.8% | 28.6% | 29.8% | 33.5% | 33.1% | 29.5% | 30.4% | 31.5% |
| ROA (Net income/ Total Assets) | 20.7% | 18.2% | 18.3% | - | - | - | - | - |
| Assets 1 | 16,612 | 19,477 | 25,437 | - | - | - | - | - |
| Book Value Per Share 2 | 162.0 | 181.0 | 217.0 | 245.0 | 299.0 | 326.0 | 362.0 | 402.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 291 | 349 | 228 | 411 | 630 | 748 | 819 | 894 |
| Capex / Sales | 1.68% | 1.76% | 0.99% | 1.49% | 2.01% | 2.18% | 2.19% | 2.09% |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/17/23 | 2/16/24 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
SELL
Number of Analysts
2
Last Close Price
4,472
INR
Average target price
4,086
INR
Spread / Average Target
-8.62%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +3.12% | 3.92B | |
| -8.12% | 606M | |
| +23.17% | 420M | |
| +11.65% | 276M |
- Stock Market
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- CRISIL Stock
- Financials CRISIL Limited
