CARE Ratings Limited
CARE Ratings Limited, a credit rating agency, provides various rating and related services in India and internationally. It offers rating services for bank loan, debt instrument, bonds, long term instruments, non-convertible debentures, preference shares, fixed deposits, short term instruments NCDs, and commercial papers; principal protected market linked debentures, subordinate debt, CDs for ban… Read more
CARE Ratings Limited (CARERATING) - Net Assets
Latest net assets as of September 2025: ₹8.73 Billion INR
Based on the latest financial reports, CARE Ratings Limited (CARERATING) has net assets worth ₹8.73 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹10.37 Billion) and total liabilities (₹1.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹8.73 Billion |
| % of Total Assets | 84.12% |
| Annual Growth Rate | 14.37% |
| 5-Year Change | 37.51% |
| 10-Year Change | 73.63% |
| Growth Volatility | 21.41 |
CARE Ratings Limited - Net Assets Trend (2008–2025)
This chart illustrates how CARE Ratings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CARE Ratings Limited (2008–2025)
The table below shows the annual net assets of CARE Ratings Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹8.16 Billion | +12.55% |
| 2024-03-31 | ₹7.25 Billion | +6.71% |
| 2023-03-31 | ₹6.79 Billion | +4.02% |
| 2022-03-31 | ₹6.53 Billion | +10.08% |
| 2021-03-31 | ₹5.93 Billion | +10.54% |
| 2020-03-31 | ₹5.37 Billion | -2.87% |
| 2019-03-31 | ₹5.52 Billion | -7.78% |
| 2018-03-31 | ₹5.99 Billion | +15.07% |
| 2017-03-31 | ₹5.21 Billion | +10.82% |
| 2016-03-31 | ₹4.70 Billion | +30.85% |
| 2015-03-31 | ₹3.59 Billion | -26.19% |
| 2014-03-31 | ₹4.86 Billion | +14.45% |
| 2013-03-31 | ₹4.25 Billion | +12.47% |
| 2012-03-31 | ₹3.78 Billion | +28.38% |
| 2011-03-31 | ₹2.94 Billion | +37.83% |
| 2010-03-31 | ₹2.13 Billion | +59.97% |
| 2009-03-31 | ₹1.33 Billion | +60.28% |
| 2008-03-31 | ₹832.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CARE Ratings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 445421700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹4.45 Billion | 55.24% |
| Common Stock | ₹299.32 Million | 3.71% |
| Other Comprehensive Income | ₹7.76 Billion | 96.29% |
| Total Equity | ₹8.06 Billion | 100.00% |
CARE Ratings Limited Competitors by Market Cap
The table below lists competitors of CARE Ratings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northeast Pharmaceutical Group Co Ltd
SHE:000597
|
$425.60 Million |
|
Korea Circuit Co. Ltd.
KO:007810
|
$425.68 Million |
|
Shibaura Machine Co.Ltd
F:TOA
|
$425.90 Million |
|
Olectra Greentech Limited
NSE:OLECTRA
|
$425.95 Million |
|
Dream Finders Homes Inc
NYSE:DFH
|
$425.42 Million |
|
Suzhou K-Hiragawa Electronic Technology Co. Ltd. A
SHG:603052
|
$425.35 Million |
|
Canaccord Genuity Group Inc
PINK:CCORF
|
$425.16 Million |
|
Tes Touch Embedded Solutions
SHE:003019
|
$425.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CARE Ratings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,171,280,000 to 8,062,681,000, a change of 891,401,000 (12.4%).
- Net income of 1,372,387,000 contributed positively to equity growth.
- Dividend payments of 549,112,000 reduced retained earnings.
- Share repurchases of 42,141,000 reduced equity.
- New share issuances of 42,141,000 increased equity.
- Other comprehensive income increased equity by 5,386,357,000.
- Other factors decreased equity by 5,318,231,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.37 Billion | +17.02% |
| Dividends Paid | ₹549.11 Million | -6.81% |
| Share Repurchases | ₹42.14 Million | -0.52% |
| Share Issuances | ₹42.14 Million | +0.52% |
| Other Comprehensive Income | ₹5.39 Billion | +66.81% |
| Other Changes | ₹-5.32 Billion | -65.96% |
| Total Change | ₹- | 12.43% |
Book Value vs Market Value Analysis
This analysis compares CARE Ratings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 53.28x to 5.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ₹29.16 | ₹1553.70 | x |
| 2009-03-31 | ₹46.74 | ₹1553.70 | x |
| 2010-03-31 | ₹74.77 | ₹1553.70 | x |
| 2011-03-31 | ₹103.06 | ₹1553.70 | x |
| 2012-03-31 | ₹132.10 | ₹1553.70 | x |
| 2013-03-31 | ₹148.57 | ₹1553.70 | x |
| 2014-03-31 | ₹168.55 | ₹1553.70 | x |
| 2015-03-31 | ₹122.61 | ₹1553.70 | x |
| 2016-03-31 | ₹160.56 | ₹1553.70 | x |
| 2017-03-31 | ₹176.60 | ₹1553.70 | x |
| 2018-03-31 | ₹200.50 | ₹1553.70 | x |
| 2019-03-31 | ₹186.68 | ₹1553.70 | x |
| 2020-03-31 | ₹181.01 | ₹1553.70 | x |
| 2021-03-31 | ₹199.53 | ₹1553.70 | x |
| 2022-03-31 | ₹218.20 | ₹1553.70 | x |
| 2023-03-31 | ₹226.67 | ₹1553.70 | x |
| 2024-03-31 | ₹240.18 | ₹1553.70 | x |
| 2025-03-31 | ₹268.42 | ₹1553.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CARE Ratings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.11%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.19x
- Recent ROE (17.02%) is below the historical average (25.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 32.05% | 51.35% | 0.50x | 1.24x | ₹183.59 Million |
| 2009 | 39.26% | 55.64% | 0.60x | 1.19x | ₹390.53 Million |
| 2010 | 40.14% | 62.91% | 0.56x | 1.15x | ₹643.40 Million |
| 2011 | 29.89% | 52.82% | 0.49x | 1.14x | ₹585.24 Million |
| 2012 | 28.53% | 59.93% | 0.42x | 1.14x | ₹698.92 Million |
| 2013 | 26.77% | 55.94% | 0.40x | 1.20x | ₹711.60 Million |
| 2014 | 26.66% | 54.93% | 0.41x | 1.20x | ₹808.70 Million |
| 2015 | 38.40% | 52.90% | 0.58x | 1.24x | ₹1.02 Billion |
| 2016 | 25.46% | 42.81% | 0.52x | 1.14x | ₹726.32 Million |
| 2017 | 28.39% | 51.37% | 0.49x | 1.12x | ₹956.39 Million |
| 2018 | 27.21% | 48.82% | 0.51x | 1.10x | ₹1.03 Billion |
| 2019 | 25.00% | 43.10% | 0.52x | 1.12x | ₹824.75 Million |
| 2020 | 15.45% | 33.81% | 0.39x | 1.16x | ₹290.44 Million |
| 2021 | 15.20% | 37.43% | 0.36x | 1.14x | ₹306.34 Million |
| 2022 | 11.60% | 30.41% | 0.34x | 1.12x | ₹103.58 Million |
| 2023 | 12.43% | 29.94% | 0.36x | 1.14x | ₹163.09 Million |
| 2024 | 14.02% | 30.31% | 0.39x | 1.17x | ₹288.12 Million |
| 2025 | 17.02% | 34.11% | 0.42x | 1.19x | ₹566.12 Million |
Industry Comparison
This section compares CARE Ratings Limited's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $13,341,533,250
- Average return on equity (ROE) among peers: 15.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CARE Ratings Limited (CARERATING) | ₹8.73 Billion | 32.05% | 0.19x | $425.50 Million |
| BSE Limited (BSE) | $24.44 Billion | 5.00% | 0.83x | $12.57 Billion |
| CRISIL Limited (CRISIL) | $10.49 Billion | 29.03% | 0.43x | $904.41 Million |
| ICRA Limited (ICRA) | $6.40 Billion | 16.48% | 0.20x | $241.21 Million |
| Multi Commodity Exchange of India Limited (MCX) | $12.05 Billion | 10.44% | 0.52x | $6.68 Billion |