CARE Ratings Limited (CARERATING) - Net Assets

Latest as of September 2025: Rs8.73 Billion INR ≈ $94.38 Million USD

Based on the latest financial reports, CARE Ratings Limited (CARERATING) has net assets worth Rs8.73 Billion INR (≈ $94.38 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs10.37 Billion ≈ $112.20 Million USD) and total liabilities (Rs1.65 Billion ≈ $17.82 Million USD). 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. Check CARE Ratings Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs8.73 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. Also explore CARERATING total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of CARE Ratings Limited.

Year	Net Assets	Change
2025-03-31	Rs8.16 Billion ≈ $88.19 Million	+12.55%
2024-03-31	Rs7.25 Billion ≈ $78.36 Million	+6.71%
2023-03-31	Rs6.79 Billion ≈ $73.44 Million	+4.02%
2022-03-31	Rs6.53 Billion ≈ $70.60 Million	+10.08%
2021-03-31	Rs5.93 Billion ≈ $64.13 Million	+10.54%
2020-03-31	Rs5.37 Billion ≈ $58.02 Million	-2.87%
2019-03-31	Rs5.52 Billion ≈ $59.73 Million	-7.78%
2018-03-31	Rs5.99 Billion ≈ $64.77 Million	+15.07%
2017-03-31	Rs5.21 Billion ≈ $56.29 Million	+10.82%
2016-03-31	Rs4.70 Billion ≈ $50.79 Million	+30.85%
2015-03-31	Rs3.59 Billion ≈ $38.82 Million	-26.19%
2014-03-31	Rs4.86 Billion ≈ $52.59 Million	+14.45%
2013-03-31	Rs4.25 Billion ≈ $45.95 Million	+12.47%
2012-03-31	Rs3.78 Billion ≈ $40.85 Million	+28.38%
2011-03-31	Rs2.94 Billion ≈ $31.82 Million	+37.83%
2010-03-31	Rs2.13 Billion ≈ $23.09 Million	+59.97%
2009-03-31	Rs1.33 Billion ≈ $14.43 Million	+60.28%
2008-03-31	Rs832.64 Million ≈ $9.00 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	Rs4.45 Billion	55.24%
Common Stock	Rs299.32 Million	3.71%
Other Comprehensive Income	Rs7.76 Billion	96.29%
Total Equity	Rs8.06 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
Gansu Yatai Industrial Development Co Ltd SHE:000691	$542.82 Million
Farglory FTZ Investment Holding Co Ltd TW:5607	$542.86 Million
Ege Profil Ticaret ve Sanayi AS IS:EGPRO	$543.19 Million
ZYF Lopsking Aluminum Co Ltd SHE:002333	$543.19 Million
Tyntek Corp TW:2426	$542.70 Million
Comintel Corporation Berhad KLSE:7195	$542.52 Million
Cytek Biosciences Inc NASDAQ:CTKB	$542.48 Million
Canadian Tire Corporation Limited TO:CTC	$542.33 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	Rs1.37 Billion	+17.02%
Dividends Paid	Rs549.11 Million	-6.81%
Share Repurchases	Rs42.14 Million	-0.52%
Share Issuances	Rs42.14 Million	+0.52%
Other Comprehensive Income	Rs5.39 Billion	+66.81%
Other Changes	Rs-5.32 Billion	-65.96%
Total Change	Rs-	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: 6.22x
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 57.28x to 6.22x 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	Rs29.16	Rs1670.40	x
2009-03-31	Rs46.74	Rs1670.40	x
2010-03-31	Rs74.77	Rs1670.40	x
2011-03-31	Rs103.06	Rs1670.40	x
2012-03-31	Rs132.10	Rs1670.40	x
2013-03-31	Rs148.57	Rs1670.40	x
2014-03-31	Rs168.55	Rs1670.40	x
2015-03-31	Rs122.61	Rs1670.40	x
2016-03-31	Rs160.56	Rs1670.40	x
2017-03-31	Rs176.60	Rs1670.40	x
2018-03-31	Rs200.50	Rs1670.40	x
2019-03-31	Rs186.68	Rs1670.40	x
2020-03-31	Rs181.01	Rs1670.40	x
2021-03-31	Rs199.53	Rs1670.40	x
2022-03-31	Rs218.20	Rs1670.40	x
2023-03-31	Rs226.67	Rs1670.40	x
2024-03-31	Rs240.18	Rs1670.40	x
2025-03-31	Rs268.42	Rs1670.40	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	Rs183.59 Million
2009	39.26%	55.64%	0.60x	1.19x	Rs390.53 Million
2010	40.14%	62.91%	0.56x	1.15x	Rs643.40 Million
2011	29.89%	52.82%	0.49x	1.14x	Rs585.24 Million
2012	28.53%	59.93%	0.42x	1.14x	Rs698.92 Million
2013	26.77%	55.94%	0.40x	1.20x	Rs711.60 Million
2014	26.66%	54.93%	0.41x	1.20x	Rs808.70 Million
2015	38.40%	52.90%	0.58x	1.24x	Rs1.02 Billion
2016	25.46%	42.81%	0.52x	1.14x	Rs726.32 Million
2017	28.39%	51.37%	0.49x	1.12x	Rs956.39 Million
2018	27.21%	48.82%	0.51x	1.10x	Rs1.03 Billion
2019	25.00%	43.10%	0.52x	1.12x	Rs824.75 Million
2020	15.45%	33.81%	0.39x	1.16x	Rs290.44 Million
2021	15.20%	37.43%	0.36x	1.14x	Rs306.34 Million
2022	11.60%	30.41%	0.34x	1.12x	Rs103.58 Million
2023	12.43%	29.94%	0.36x	1.14x	Rs163.09 Million
2024	14.02%	30.31%	0.39x	1.17x	Rs288.12 Million
2025	17.02%	34.11%	0.42x	1.19x	Rs566.12 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: $11,208,722,845
Average return on equity (ROE) among peers: 19.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CARE Ratings Limited (CARERATING)	Rs8.73 Billion	32.05%	0.19x	$542.76 Million
BSE Limited (BSE)	$26.60 Billion	4.88%	0.58x	$15.99 Billion
CRISIL Limited (CRISIL)	$3.94 Billion	52.09%	0.54x	$3.39 Billion
ICRA Limited (ICRA)	$671.13 Million	13.35%	0.14x	$564.29 Million
Multi Commodity Exchange of India Limited (MCX)	$13.62 Billion	9.29%	0.37x	$8.18 Billion

About CARE Ratings Limited

NSE:CARERATING India Financial Data & Stock Exchanges

Market Cap

$542.76 Million

Rs50.19 Billion INR

Market Cap Rank

#12096 Global

#569 in India

Share Price

Rs1670.40

Change (1 day)

-1.12%

52-Week Range

Rs1246.60 - Rs1939.20

All Time High

Rs1939.20