CARE Ratings Ltd.    
31 Mar 2020
307.10
2.38%
Rudra Shares and Stock Brokers Ltd
Care being the second largest full service rating Company in India, the Company's list of clients includes banks and other financial institutions, private sector companies, central public sector undertakings, sub-sovereign entities, small and medium enterprises (SMEs) and microfinance institutions, among others. Slowdown in economic growth impacted the company too. The first half of FY20, even Q3 FY20 remained disappointed because of the headwinds faced by the NBFC sector which had impacted the borrowings. And the capex related borrowings not getting the...
CARE Ratings Ltd. has lost -29.52% in the last 3 Months
CARE Ratings Ltd.    
01 Jan 2020
307.10
2.38%
Rudra Shares and Stock Brokers Ltd
Care being the second largest full service rating Company in India, the Company's list of clients includes banks and other financial institutions, private sector companies, central public sector undertakings, sub-sovereign entities, small and medium enterprises (SMEs) and microfinance institutions, among others. Slowdown in economic growth impacted the company too. The...
CARE Ratings Ltd. is trading below all available SMAs
CARE Ratings Ltd.    
14 Jun 2019
307.10
2.38%
Axis Direct
Q4FY19 revenues were down ~10% YoY to Rs 89.4cr (up 23% QoQ). Growth in volume of debt rated instruments at 39% was mainly led by bank loan ratings and long term funding. Operating margins have come down to 55%.
CARE Ratings Ltd. has lost -42.62% in the last 1 Year
CARE Ratings Ltd.    
05 Nov 2018
307.10
2.38%
Centrum Broking
We retain BUY on CARE with revised TP at Rs1,550 (vs. Rs1,600 earlier). Q2'19 revenue / PAT were below estimates. This is even as volume of debt rated grew 32.6% YoY and points to pricing pressure. The growth in high-yielding non-BLR segment remains muted (down 3% YoY for H1'19); we foresee trends to continue in H2'19 and have thus trimmed our overall volume growth assumptions for FY19E. In the backdrop of concerns around rating downgrade / delay in rating changes, CARE has strengthened its rating standards further. We will watch for outcome therein. We like CARE for its business model, return ratios and free cash...
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CARE Ratings Ltd. has an average target of 360.00 from 1 broker.
CARE Ratings Ltd.    
08 Oct 2018
307.10
2.38%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research CARE Ratings has been the second largest rating company by market share of ~29%. Around 99% (| 322 crore) of its FY18 revenue is generated from the rating segment. However, the recent quarterly...
CARE Ratings Ltd. has lost -29.52% in the last 3 Months
CARE Ratings Ltd.    
14 Aug 2018
307.10
2.38%
ICICI Securities Limited
Reported rating revenues of the company witnessed a decline of 6.3% YoY to | 57.4 crore vs. >| 60 crore estimate. This was due to 2.1% YoY decline (after several quarters) in total volume of debt rated to | 382000 crore. Further, corporate/long term bond ratings (which are high yielding in nature) fell 43.5% YoY In Q1FY19, MTM gains on FMPs were lower vs. Q1FY18. This resulted in lower accrual of other income at | 4.2 crore vs. | 6.5 crore last year. Staff cost was higher due to Esop charge of | 3.66 crore...
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CARE Ratings Ltd. is trading below all available SMAs
CARE Ratings Ltd.    
23 May 2018
307.10
2.38%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Reported rating revenues increased above estimate by 21.4% YoY to ~| 94 crore. The growth has been the highest in last several quarters and is led by increased ratings in the short-term debt category The overall quantum of debt rated increased 25% YoY to | 16.48 during FY18. This was due to 7.6% increase in bank loan ratings, 9.4% in long term debt rated and 175.6% in short-term debt rated. The rise in short-term debt rated is mainly due to higher volumes of...
CARE Ratings Ltd. is trading below all available SMAs
CARE Ratings Ltd.    
05 Feb 2018
307.10
2.38%
Axis Direct
Revenue grew 13% YoY in Q3 with 19% growth in volume of debt rated. Adjusting for the accounting policy change (refer below), revenue growth was ~20% YoY. Employee costs increased ~40% YoY due to higher ESOP charges and higher employee count resulting in margin compression of ~500 bps YoY to 62%.
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CARE Ratings Ltd. has lost -29.52% in the last 3 Months
CARE Ratings Ltd.    
31 Jan 2018
307.10
2.38%
ICICI Securities Limited
CARE's revenues were slightly above estimates but the bottomline was below estimate owing to lower other income & higher staff cost Reported rating revenues increased at a healthy rate of 14.2% YoY to | 74.8 crore. The QoQ decline of 18% in rating revenue was owing to surveillance fee income from Q2. There was an 18.2% YoY increase in volume of fresh debt rated in Q3FY18 to | 3.25 lakh crore. In that, volume of bank loan ratings increased 12.1% YoY However, PAT came in at | 37.3 crore (down 2% YoY) vs. estimate of...
CARE Ratings Ltd. is trading below all available SMAs
CARE Ratings Ltd.    
17 Nov 2017
307.10
2.38%
Nirmal Bang Institutional
CARE Ratings (CARE) reported an increase of 12.3% in revenues for 2QFY18 on YoY basis from Rs810mn to Rs910mn, 7.5% above our estimate. This revenue growth was mainly driven by new business and surveillance income. The company has changed its policy of recognising surveillance income which led to higher revenues for the quarter by Rs180mn. However, the management stated that this will have no impact on the annual numbers, as the change in policy just deals with timing of revenue recognition. Total expenditure for the quarter grew 18% on YoY basis with employee costs increasing 21% and other expenses soaring 9%. EBITDA, thus came in at Rs663mn, up 10.4% on YoY basis from Rs601mn and 5.8% above our estimate. EBITDA margin for the quarter stood at 72.9%,...
CARE Ratings Ltd. is trading below all available SMAs