CARE Ratings Limited (CARERATING) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2013	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Capitalization, bln ₹	19.95	44.23	35.98	22.89	12.96	18.39	15.13	22.38		48.82	48.82	23.54	30.38
Revenue, bln ₹		2.87	3.33	3.19	2.44	2.39	2.47	2.79	3.32	4.02	4.02	3.00	10.96
Net profit, bln ₹		1.47	1.62	1.37	0.8237	0.8952	0.7511	0.8353	1.01	1.37	1.37	0.9723	8.88
EV, bln ₹				28.96	13	18.34	15.56	18.74	33.47	32.49	32.49	23.72	12.12
EBIT, bln ₹		1.62	2.28	1.59	0.9001	1.11	0.9909	1.27	1.48	1.44	1.44	1.26	5.34
EBITDA, bln ₹		1.65	2.31	1.62	0.9778	1.19	1.07	1.37	1.59	1.55	1.55	1.35	5.43
OIBDA, bln ₹						1.3	1.04	1.48	2.17	2.31	2.31	1.66	12.18
Book value, bln ₹		4.95	5.97	5.5	5.33	5.89	6.47	6.72	7.17	8.06	8.06	6.86	6.47
FCF, bln ₹		1.18	1.36	0.8234	-0.3438	0.8168	0.4902	0.7074	0.8171	1.08	1.08	0.7823	5.75
Operating Cash Flow, bln ₹		1.19	1.38	1.09	-0.298	0.8617	0.68	0.8224	0.9088	1.23	1.23	0.9006	7.38
Operating profit, bln ₹		1.82	2.35	1.71	0.7355	0.8797	0.7212	0.9464	1.59	2.13	2.13	1.25	19.35
Operating expenses, bln ₹		0.3325	0.2517	0.6075	0.7138	0.3874	0.6225	0.5053	0.0796	2.59	2.59	0.8370	46.23
CAPEX, bln ₹		0.0102	0.0239	0.2622	0.0458	0.0449	0.1898	0.1151	0.0917	0.1474	0.1474	0.1178	26.84

	2012Q4	2013Q4	2017Q4	2018Q4	2019Q4	2020Q2	2020Q3	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
Capitalization, bln ₹	26.4	19.19	42.05	30.1	14.95			12.63			19.9			15.93				27.33							18.15	12.82
Revenue, bln ₹															0.7751	0.6642	0.9644	0.7868	0.9015	0.7892	1.17	0.9638	1.1	0.9391	0.9924	3.54
Net profit, bln ₹															0.196	0.1781	0.3517	0.2346	0.2408	0.2073	0.4609	0.278	0.4261	0.2578	0.3260	4.46
EV, bln ₹												15.55	13.87		18.49	26.05	25.41	33.61	33.63		29.88		32.53		31.01	5.06
EBIT, bln ₹														0.268	0.3635	0.2679	0.5047	0.3443	0.3665	0.3089	0.6472	0.3928	0.4431		0.4317	3.87
EBITDA, bln ₹														0.2946	0.3941	0.2937	0.531	0.3704	0.3932	0.3369	0.6758	0.4228	0.4724		0.4602	3.74
OIBDA, bln ₹																			0.5419	0.3198	0.7436	0.419	0.6716		0.5392	4.39
Book value, bln ₹														6.7	6.72	6.79	6.84	6.92	7.17	7.25	7.54	7.62	8.06		7.53	2.37
FCF, bln ₹									0.023	0.0199	0.0222	0.006	0.0505	0.0533	0.0048	0.0515	0.0526	0.0521							0.0429	-0.45
Operating Cash Flow, bln ₹											0.0222	0.006	0.0505	0.0533	0.0048	0.0515	0.0526	0.0521			0.0803		1.23		0.2933	88.63
Operating profit, bln ₹															0.3635	0.1526	0.5047	0.2075	0.3895	0.1902	0.5287	0.2743	0.6253	0.2434	0.3724	5.06
Operating expenses, bln ₹															0.1435	0.1278	0.1671	0.1542	0.2055	0.1416	0.1877	0.1862	0.6534	0.6956	0.3729	37.49
CAPEX, bln ₹						0.0114	0.0114		0.0449	0.0611		0.1898	0.0584		0.1151		0.0635				0.0867		0.1474		0.0942	20.34

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
Cash, bln ₹				0.1347	0.2857	0.1982	0.0699	0.1179	0.1763	0.4942	0.3829	0.97	0.97	0.4283	52.42
Short-Term Investments ₹				3.55	2.63	1.99	2.19	4.75	5.05	5.15	5.88	5.5	5.5	5.27	2.98
Long-Term Investments ₹	1.91	1.86	2.21	0.8093	2.55	2.49								1.98	6.01
Accounts Receivable ₹				0.29	0.4521	0.5537	0.5404	0.4371	0.2343	0.2692	0.3022	0.3209	0.3209	0.3127	-5.99
Total Current Assets ₹				4.02	3.41	2.79	2.96	5.47	5.64	6.02	6.75	6.92	6.92	6.16	4.82
Net assets, bln ₹				0.5272	0.5109	0.7367	0.8432	0.7679	0.8729	0.9735	0.9785	1.02	1.02	0.9226	5.84
Assets, bln ₹				5.53	6.59	6.15	6.19	6.72	7.27	7.7	8.42	9.58	9.58	7.94	7.35
Short-Term Debt ₹				-0.3334	-0.1978	0.2039	0.0289	0.0275	-0.1293	0.022	0.0241	0.0327	0.0327	-0.0046	3.52
Long-Term Debt ₹							0.0831	0.0448	0.0564	0.1528	0.1715	0.2049	0.2049	0.1261	35.54
Liabilities, bln ₹				0.5731	0.5967	0.6278	0.8251	0.7873	0.746	0.9058	1.17	1.42	1.42	1.01	12.52
Net debt, bln ₹				-0.1347	-0.2857	-0.1982	0.0421	-0.0456	-0.0872	-0.3195	-0.1873	-0.7323	-0.7323	-0.2744	74.24
Debt, bln ₹						0.112	0.112	0.0723	0.0891	0.1748	0.1955	0.2377	0.2377	0.1539	26.88
Interest Income ₹			0.081	0.1896	0.1886	0.1504	0.2949	0.0062	0.0046	0.01				0.0932	-41.85
Interest Expense, bln ₹		0.013				0.0093	0.0093	0.0062	0.0046	0.01	0.0171	0.0211	0.0211	0.0118	27.76
Net interest income, bln ₹				0.034	0.0036	0.0383	0.053	-0.0062	-0.0046	-0.01	0.4255		0.01	0.0915	51.68
Goodwill ₹	0.0723	0.0795	0.0795	0.0795	0.0795	0.0795	0.0795	0.0795	0.0795	0.0795				0.0795	0.00
Amortization, bln ₹				0.0339	0.0315	0.0333	0.0777	0.078	0.0771	0.1053	0.1048	0.1172	0.1172	0.0965	8.48
Cost of production, bln ₹				0.7256	0.7226	0.8553	0.9609	1.08	1.12	1.34	1.5	1.89	1.89	1.39	11.84
Inventory ₹				-3.82	-2.63	-1.89	-1.13	-1.86	0	0.0027	0.0871	0.000602	0.000602	-0.5799	-122.15

	2012Q2	2012Q3	2012Q4	2013Q1	2018Q3	2019Q1	2019Q3	2020Q1	2020Q3	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
Cash, bln ₹															-0.8216	1.31	-5.56	0.4942	-5.56	0.9568	-5.6	0.3829		0.6666		0.97		-0.5247	0.27
Short-Term Investments ₹															1.64	4.25	11.13	5.15	11.11	4.64	11.19	5.88		5.81		5.5		6.60	3.46
Long-Term Investments ₹	1.05	1.05	1.43	1.43	2.57	2.49	2.28																					2.04	9.78
Accounts Receivable ₹									0.5397	0.3408		0.7231		0.4335		0.487		0.4293		0.6116		0.3022		0.6329		0.3209		0.4594	-5.65
Total Current Assets ₹																6.25	5.56	6.03	5.56	6.42	5.6	6.75	6.23	7.29		6.92		6.56	4.32
Net assets, bln ₹									0.8102	0.7679		0.7867		0.8729		0.8899		0.9735		1.01		0.9785		1		1.02		0.9964	0.94
Assets, bln ₹											6.99	6.99	7.27	7.27		7.81		7.71		8.14		8.42		8.94		9.58		8.56	4.44
Short-Term Debt ₹											0.0383	-0.2662	0.0327	0.0327		0.0383		0.022		-0.2712		0.0241		0.0259		0.0327		-0.0333	8.25
Long-Term Debt ₹								0.0831	0.0689	0.0448		0.038				0.0449		0.1528		0.1837		0.1715		0.1816		0.2049		0.1789	6.04
Liabilities, bln ₹													0.746	0.746		1.11		0.9199		1.22		1.17	-7.25	1.31	-7.62	1.42		-2.1940	3.95
Net debt, bln ₹															0.8216	-1.23	5.56	-0.3195	5.56	-0.7491	5.6	-0.1873		-0.4591		-0.7323		0.6944	-0.45
Debt, bln ₹								0.112		0.0723		-0.2281		0.0891		0.0832		0.1748		0.2078		0.1955		0.2075		0.2377		0.2047	6.34
Interest Income ₹											0.0013	0.0011	0.001	0.0012	0.0017	0.0015	0.0014	0.0054	0.0038	0.0041								0.0032	22.28
Interest Expense, bln ₹																		0.0054	0.0038	0.0041	0.0047	0.0046	0.0046	0.0049	0.0056	0.006	0.006	0.0054	5.46
Net interest income, bln ₹												-0.0011	-0.001	-0.0012	-0.0017	-0.0015	-0.0014	-0.0054	-0.0038	-0.0041	-0.0047							-0.0039	27.41
Goodwill ₹								0.0795	0.0795	0.0795	0.0795	0.0795	0.0795	0.0795		0.0795		0.0795		0.0795								0.0795	0.00
Amortization, bln ₹																	0.0266	0.0306	0.0257	0.0263	0.026	0.0267	0.028	0.0285	0.03	0.0293		0.0285	1.88
Cost of production, bln ₹																		0.3719	0.3838	0.4046	0.4251	0.4324	0.4574	0.4573	0.5033	0.4712	0.537	0.4852	3.26
Inventory ₹								-1.13	0.0991	-1.86		0		0		0.0657		-0.1597		0.0635		0.0786		0.6329				0.1362	57.31

Share

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS			46.66	27.96	30.33	25.31	28.17	33.67	45.69	45.69	32.63	8.54
Share price	1332.35	986.7	638.95	525.9	619.25	606.9	951.6	1379.65	1625	1625	1036.48	21.28
Number of shares, mln	30.02	29.12	29.47	29.53	30.69	29.67	29.66	29.86	30.04	30.04	29.98	-0.43
FCF/share	39.3	46.68	27.94	-11.64	26.61	16.52	23.85	27.37	36.03	36.03	26.08	6.25

	2012Q4	2013Q4	2017Q4	2018Q4	2019Q4	2020Q4	2021Q4	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Average for 5 quarters	CAGR 5
EPS										5.38	6.6	5.99	11.79	7.85	8.03	6.91	15.36	9.24	14.17			10.74	12.03
Share price								468.06	479.26	537.43	638.76	667.02	777.84	914.66					1114.65	1853.1	1611.8	1254.41	15.69
Number of shares, mln	28.55	28.55	30.02	29.12	29.47	29.53	30.69			29.65				29.88								29.84	0.28
FCF/share			11.32	7.07	-2.92	0.4404	0.7219			1.8	0.1626	1.73	1.76	1.74								1.44	-0.68

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %		29.76	27.21	25	15.45	15.2	12.15	12.43	14.02	17.02	17.02	14.62	14.16	2.29
ROA, %		26.65	24.66	22.35	13.31	13.33	10.74	10.85	11.94	14.33	14.33	4.26	12.24	1.46
ROIC, %					34.11	21.69	20.55	21.81	21.1		21.1	11.05	23.85	-9.16
ROS, %		51.28	48.82	43.1	33.81	37.43	30.41	29.94	30.31	34.11	34.11	49.41	32.44	-1.84
ROCE, %		32.61	37.99	28.82	16.78	18.69	14.66	18.67	20.47	17.61	17.61	27.25	18.02	-1.18
EBIT margin					43.1	49.87	40.12	45.43	44.72	35.7	35.7	42.19	43.17	-6.47
EBITDA margin		57.42	69.35	50.94	40.13	49.61	43.24	49.2	47.88	38.61	38.61	44.21	45.71	-4.89
Net margin		51.28	48.82	43.1	33.81	37.43	30.41	29.94	30.31	34.11	34.11	49.41	32.44	-1.84
Operational efficiency, %		63.19	70.71	53.72	30.19	36.79	29.2	33.92	47.98	53.04	53.04	56.23	40.19	7.59
FCF yield, %	4.22	2.67	3.78	3.6	-2.65	4.44	3.24	3.16		2.22	2.22	-16.66	2.08	-196.52

	2012Q4	2013Q4	2017Q4	2018Q4	2019Q4	2020Q1	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
ROE, %														2.38	2.92	2.62	5.22	3.45	3.5	2.86	6.12	3.65	5.28			14.62	4.28	8.57
ROA, %									1.58	3.81	2	3.15	4.39		2.54		8.64		5.72		5.16		4.45			4.26	5.30	11.87
ROIC, %						7.55		11.05		7.62							11.35				10.19		11.75			11.05	10.39	1.24
ROS, %																26.81	36.47	29.81	26.72	26.27	39.27	28.85	38.86	27.45	34.11	49.41	33.71	-2.78
ROCE, %											3.04	4.21	7.15		5.35		7.01		4.91		8.49		5.43	20.47	17.61	27.25	11.38	29.10
EBIT margin																	52.33	43.76	40.65	39.14	55.15	40.75	40.41	44.72	35.7	42.19	43.35	-8.33
EBITDA margin																44.22	55.06	47.08	43.62	42.69	57.58	43.87	43.08	47.88	38.61	44.21	46.20	-7.68
Net margin															25.29	26.81	36.47	29.81	26.72	26.27	39.27	28.85	38.86	27.45		49.41	32.14	0.88
Operational efficiency, %																22.98	52.33	26.37	43.21	24.1	45.04	28.46	57.03	25.92	53.04	56.23	41.90	3.32
FCF yield, %	1.33	1.35	0.8083	0.6839	-0.5751		0.103				0.1113			0.3343				0.1906								-16.66	0.0328	-180.18

Coefficients

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E	30.01	22.16	16.65	15.73	20.54	20.83	22.82	33.49	35.57	35.57	26.91	26.65	11.61
P/BV	8.93	6.03	4.16	2.43	3.12	2.4	2.81	4.65	6.05	6.05	4.11	3.81	14.16
P/S	15.39	10.82	7.18	5.32	7.69	6.34	6.83	10.15	12.13	12.13	11.44	8.63	9.54
P/FCF	37.49	26.47	27.8	-37.69	22.51	30.87	31.64	25.2	45.11	45.11	3.29	31.07	14.92
E/P	0.0333	0.0451	0.0601	0.0636	0.0487	0.0496	0.0373	0.0488	0.0281	0.0281	0.07	0.0425	-10.41
EV/EBIT				9.56	10.39	15.7	14.79	22.57	22.62	22.62	-2.73	17.21	16.84
EV/EBITDA			14.16	13.3	15.46	14.57	13.65	21.08	20.91	20.91	36.19	17.13	6.23
EV/S				5.34	7.67	6.3	6.72	10.09	8.08	8.08	13.37	7.77	1.05
EV/FCF				-37.82	22.45	31.74	26.5	40.97	30.02	30.02	1.55	30.34	5.98
Debt/EBITDA			0.0689	0.1146	0.0609	0.0835	0.1273	0.1231	0.153	0.153	9.59	0.1096	20.23
Netdebt/Ebitda	-0.0816	-0.1238	-0.122	0.043	-0.0384	-0.0816	-0.2327	-0.1179	-0.4714	-0.4714	-210.24	-0.1884	65.12
Debt/Ratio				0.0181	0.0108	0.0123	0.0227	0.0232	0.0248	0.0248	0.27	0.0188	18.09
Debt/Equity				0.021	0.0123	0.0138	0.026	0.0273	0.1744	0.1744	3.59	0.0508	69.95
Debt/Net Income				0.136	0.0807	0.1187	0.2092	0.1945	0.1732	0.1732	11.86	0.1553	16.50
PEG									1.02	1.02	13.83	1.02	0.00
Beta							1.65	-7.26	1.36	1.36	0.86	-1.4167	-6.24
Altman Index	9.13	7.49	3.94	15.64	-5.69	-2.54	2.78	0.7615	6.34	6.34	1.77	0.3303	-202.19

	2012Q4	2013Q4	2017Q4	2018Q4	2019Q4	2020Q1	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
P/E													99.89	22.48	23.33	29.46	29.09	33.49	30.74	26.5	33.22	24.21			26.91	29.63	-6.28
P/BV										3.23	2.4	2.25	2.38	2.77		3.78	3.95	4.67		3.98		4.08			4.11	4.09	1.54
P/S													25.64	6.73	7.03	8.62	8.75	10.15	9.24	8.3	10.3	8.26			11.44	9.25	-4.04
P/FCF		74.16	123.72	146.21	-173.9		970.79			898.26			299.14				524.61						25.2	45.11	3.29	358.46	-45.02
E/P		0.0235	0.0089	0.0102	0.0117		0.0148			0.0073			0.01				0.0086						0.0488	0.0281	0.07	0.0206	30.94
EV/EBIT																50.35	97.61	91.76		46.17		73.41	22.57	22.62	-2.73	51.31	-24.43
EV/EBITDA											14.74	11.08		12.93	88.71	17.45	21.38	21.17		44.22		68.85			36.19	34.61	31.59
EV/S															39.22	26.35	42.72	37.3		25.46		29.66	10.09	8.08	13.37	22.12	-26.36
EV/FCF															506.3	482.65	645.12						40.97	30.02	1.55	341.01	-43.17
Debt/EBITDA									-0.5785		0.3006	0.1649		0.4435		0.3913		0.4973		0.3071		0.5032	0.1231	0.153	9.59	0.3167	-21.00
Netdebt/Ebitda													18.89	-0.8107	18.92	-1.41	15.11	-0.4764		-0.6793		-1.55	-0.1179	-0.4714	-210.24	-0.6590	-0.21
Debt/Ratio						0.0181		0.0108	-0.0326							0.0255		0.0232		0.0232		0.0248	0.0232	0.0248	0.27	0.0238	1.34
Debt/Equity						0.021		0.0123	-0.0373							0.0304		0.0273		0.0275		0.0295	0.1617	0.1744	3.59	0.0841	44.90
Debt/Net Income						0.7329		0.2772	-0.8571							0.5907		0.8119		0.4502		0.5578	0.1945	0.1732	11.86	0.4375	-26.58
PEG																							1.29	1.02	13.83	1.16	-11.08
Beta																						2.98	5.83	1.36	0.86	3.39	-23.01
Altman Index	5.62																					0.8204	0.8763	6.34	1.77	3.41	3.06

Dividends

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Dividend payout, bln	0.9104	0.9922	0.9927	1.95	1.03	0.3977	0.5976	0.6689	0.5491		0.5491		0.6487	-11.82
Dividend		28	3	29	16.5	16	20	22	18	11	18		17.40	-7.22
Dividend yield, %		1.9	2.43	3.73	3.76	2.67	1.67	4.11	1.23	1	1.12	0.95	2.14	-17.83
Dividends / profit, %		67.32	61.12	142.1	125.45	44.43	50.99	71.55	66.54	40.01	40.01	19.57	54.70	-2.07
Dividend coverage ratio						2.34	1.26	1.25	1.83	2.5	2.5	9.13	1.84	1.33

	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q3	2023Q1	2023Q3	2023Q4	2024Q3	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
Dividend payout, bln		0.2583	0.2583		0.3977	0.1823		0.383	8.7E-5	0.5976	0.448		0.3285	0.5491				0.3847	475.47
Dividend	6		2.5	8	3	6	7		1	1	8	7						4.80	0.00
Dividend yield, %	1.14		0.6114	1.87	0.6227	0.8545	1.08		2.09	1.57	1.03	0.7653					0.95	1.31	-6.66
Dividends / profit, %		276.35	72.85		152.55	68.5		167.25	0.0254	304.88	127.36		71.28	128.87			19.57	126.48	450.89
Dividend coverage ratio													1.4	0.776	1.83	2.5	9.13	1.63	15.60

Other

IFRS

Reporting Annual Quarterly

	2021	2022	2023	2024	2025	LTM	CAGR 5
CAPEX/Revenue, %	1.88	7.69	4.12	2.77	3.66	3.66	14.25
Staff, people			517	517			0.00

	2024Q3	2025Q1	CAGR 5
CAPEX/Revenue, %	7.38	13.44	34.95

	CAGR 5

Investing Port

CARE Ratings Limited

Reporting CARE Ratings Limited

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