CARE Ratings Ltd
NSE:CARERATING

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CARE Ratings Ltd
NSE:CARERATING
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Price: 1 607.2 INR -0.8%
Market Cap: ₹48.3B

EV/EBIT

24.6
Current
4%
More Expensive
vs 3-y average of 23.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.6
=
Enterprise Value
₹41.8B
/
EBIT
₹1.7B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.6
=
Enterprise Value
₹41.8B
/
EBIT
₹1.7B

Valuation Scenarios

CARE Ratings Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (23.6), the stock would be worth ₹1 539.13 (4% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-32%
Maximum Upside
No Upside Scenarios
Average Downside
12%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 24.6 ₹1 607.2
0%
3-Year Average 23.6 ₹1 539.13
-4%
5-Year Average 16.9 ₹1 099.84
-32%
Industry Average 22.7 ₹1 484.46
-8%
Country Average 23.3 ₹1 518.27
-6%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹41.8B
/
Jan 2026
₹1.7B
=
24.6
Current
₹41.8B
/
Mar 2026
₹1.4B
=
28.9
Forward
₹41.8B
/
Mar 2027
₹1.8B
=
22.7
Forward
₹41.8B
/
Mar 2028
₹2.4B
=
17.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
CARE Ratings Ltd
NSE:CARERATING
48.2B INR 24.6 30
US
S&P Global Inc
NYSE:SPGI
137.4B USD 22.2 30.7
US
CME Group Inc
NASDAQ:CME
103B USD 10.3 25.6
US
Intercontinental Exchange Inc
NYSE:ICE
90.1B USD 21.7 27.2
US
Moody's Corp
NYSE:MCO
82.9B USD 25.1 33.7
HK
Hong Kong Exchanges and Clearing Ltd
HKEX:388
528.2B HKD 22.9 29.3
UK
London Stock Exchange Group PLC
LSE:LSEG
49.8B GBP 23.9 40.2
DE
Deutsche Boerse AG
XETRA:DB1
48.3B EUR 17.6 24.2
US
Coinbase Global Inc
NASDAQ:COIN
55.2B USD 33.6 43.8
US
Nasdaq Inc
NASDAQ:NDAQ
49.2B USD 23.4 27.5
CN
East Money Information Co Ltd
SZSE:300059
318.9B CNY 16.8 26

Market Distribution

In line with most companies in India
Percentile
53nd
Based on 2 572 companies
53nd percentile
24.6
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

CARE Ratings Ltd
Glance View

Market Cap
48.3B INR
Industry
Financial Services

CARE Ratings Ltd. engages in the provision of credit ratings. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2012-12-26. The firm provides various credit ratings that helps corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own risk-return expectations. The company offers services in the area of Corporate Advisory, Project Evaluation & Monitoring, Credit Analytics, Customized Industry and Company Research, Due Diligence and Gradings. The firm also provides credible, research and analytics to corporates, financial institutions, banks, and institutional investors. The firm's grading products include Energy Service Companies (ESCO grading, Renewable Energy Service Companies (RESCOs) and System Integrators (SI). Its offerings for small and medium enterprises (SME) include SME Ratings, Bank Loan Ratings, Channel Partner Evaluation, SME Fundamental Grading and Due Diligence Service

CARERATING Intrinsic Value
1 209.31 INR
Overvaluation 25%
Intrinsic Value
Price ₹1 607.2
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