CARE Ratings Ltd · CARERATING
₹76 Cr
₹56 Cr
₹66 Cr
₹55 Cr
₹85 Cr
₹62 Cr
₹78 Cr
₹66 Cr
₹96 Cr
₹79 Cr
₹90 Cr
₹79 Cr
₹117 Cr
₹96 Cr
₹110 Cr
₹94 Cr
₹136 Cr
₹112 Cr
₹131 Cr
—
20-quarter listed-company comparison
Credit Rating Agencies Stocks in India
Credit Rating Agencies: CRISIL Ltd owns the largest revenue base; ICRA Ltd has the fastest current growth.
01 · the index people search for
Nifty Credit Rating Agencies Index — Constituents & Performance
The Credit Rating Agencies companies below are the listed Indian Credit Rating Agencies universe this page tracks — the same constituent set people search for as the Nifty Credit Rating Agencies index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
02 · the sector itself · before any single company
How has Credit Rating Agencies moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 17% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters.
ASLEEP · 1y −15.9%✓Price and the fundamentals both up0 of 3 companies ahead of NIFTY 500 by 5% or more over three months
RS — · 2/3 >200d (+1) · 0/3 lead (−1) · EPS 3/3↑
Credit Rating Agencies, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Credit Rating Agencies, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Credit Rating Agencies, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Credit Rating Agencies outperforming NIFTY 500?
Credit Rating Agencies has underperformed NIFTY 500 by 15.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.1%. 1 of 3 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. CARE Ratings Ltd is the strongest against the sector itself at +10.2%.
-3.1%Sector vs NIFTY 500 · 13 weeks
-15.7%Sector vs NIFTY 500 · 52 weeks
1/3Stocks leading NIFTY 500
1/3Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Credit Rating Agencies has underperformed NIFTY 500 by 15.7% over 52 weeks and 3.1% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. CRISIL Ltd leads with revenue of ₹4,126 crore, based on 3 of 3 comparable companies through Jun 2026.
Companies
3
complete canonical membership
Combined market value
₹41.8K Cr
CRISIL Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
1/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
CARE Ratings Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1CARE Ratings LtdCARERATING | 81.4/100Sector-leading setup93% evidence | FADING | 28.1/35 Revenue 17.7% · PAT 24.5% · OPM change 3 pp 88% evidence | 22.0/25 ROCE 26.3% · OPM 46% 100% evidence | 14.3/20 P/E 30× · PEG 0.8 85% evidence | 17.0/20 RS sector 10.2% · RS bench 4.7% · 1Y -2.3%3 of 12 weeks ahead 100% evidence |
| Exact sum: 28.1 + 22 + 14.3 + 17 = 81.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2CRISIL LtdCRISIL | 66.2/100Favorable setup84% evidence | TURNING | 26.9/35 Revenue 22% · PAT 21.3% · OPM change 1 pp 100% evidence | 21.0/25 ROCE 32.6% · OPM 29% 100% evidence | 14.7/20 P/E 36× · PEG 0.8 50% evidence | 3.6/20 RS sector -8.1% · RS bench -3.7% · 1Y -21.4%0 of 11 weeks ahead 70% evidence |
| Exact sum: 26.9 + 21 + 14.7 + 3.6 = 66.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -8.1% and the one-year return is -21.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 3ICRA LtdICRA | 55.3/100Mixed-positive evidence91% evidence | ASLEEP | 23.1/35 Revenue 26% · PAT 10.1% · OPM change 2 pp 100% evidence | 20.0/25 ROCE 23% · OPM 34% 100% evidence | 7.7/20 P/E 24.1× · PEG 2.98 85% evidence | 4.5/20 RS sector -3.4% · RS bench -16.5% · 1Y -26.7%0 of 10 weeks ahead 70% evidence |
| Exact sum: 23.1 + 20 + 7.7 + 4.5 = 55.3 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -3.4% and the one-year return is -26.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
05 · what price has already done
Market action
CARE Ratings Ltd has the strongest one-year price move in Credit Rating Agencies at -2.3%. It also leads on Mansfield relative strength against NIFTY at +4.7%. 1 of 3 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Credit Rating Agencies itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
CRISIL Ltd has the highest Revenue among the 3 Credit Rating Agencies companies compared here, at ₹4,126 crore. ICRA Ltd is next at ₹639 crore. ICRA Ltd has the highest Revenue growth at 26%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: CRISIL Ltd is the scale leader at ₹4,126 crore, 545.7% ahead of ICRA Ltd. ICRA Ltd's growth is 26% from a ₹639 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCRISIL Ltd · ₹4,126 crore
Gap545.7% versus #2 · ICRA Ltd
Persistence7/8 recent comparable periods
Coverage3/3 companies · 59 observations
Investor read: CRISIL Ltd is the scale benchmark; ICRA Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: CRISIL Ltd's growth falls below ICRA Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenue · company comparison
3/3 level · 3/3 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| CRISIL Ltd CRISIL | ₹1.1K Cr | 28% | Jun 2026 |
| ICRA Ltd ICRA | ₹163 Cr | 31% | Jun 2026 |
| CARE Ratings Ltd CARERATING | ₹131 Cr | 19% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
CRISIL Ltd · CRISIL
₹571 Cr
₹706 Cr
₹595 Cr
₹669 Cr
₹683 Cr
₹822 Cr
₹715 Cr
₹771 Cr
₹736 Cr
₹918 Cr
₹738 Cr
₹797 Cr
₹812 Cr
₹913 Cr
₹813 Cr
₹843 Cr
₹911 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
ICRA Ltd · ICRA
₹83 Cr
₹87 Cr
₹94 Cr
₹93 Cr
₹99 Cr
₹103 Cr
₹109 Cr
₹103 Cr
₹105 Cr
₹115 Cr
₹124 Cr
₹115 Cr
₹126 Cr
₹121 Cr
₹136 Cr
₹124 Cr
₹137 Cr
₹164 Cr
₹175 Cr
₹163 Cr
Revenue growth · reported quarter history
CARE Ratings Ltd · CARERATING
—
—
—
12%
12%
11%
18%
20%
13%
27%
15%
20%
22%
22%
22%
19%
16%
17%
19%
—
CRISIL Ltd · CRISIL
—
—
—
—
20%
16%
20%
15%
7.8%
12%
3.2%
3.4%
10%
-0.5%
10%
5.8%
12%
19%
30%
28%
ICRA Ltd · ICRA
—
—
—
16%
19%
18%
16%
11%
6.1%
12%
14%
12%
20%
5.2%
9.7%
7.8%
8.7%
36%
29%
31%
07 · compare level, then change
Operating Economics & Margin Trend
CARE Ratings Ltd has the highest OPM among the 3 Credit Rating Agencies companies compared here, at 46%. ICRA Ltd is next at 34%. The same company also holds the highest Margin change, at +3 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: CARE Ratings Ltd leads both opm at 46% and margin change at +3 percentage points.
LeaderCARE Ratings Ltd · 46%
Gap35.3% versus #2 · ICRA Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 59 observations
Investor read: CARE Ratings Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
Margin changefastest expanders
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| CARE Ratings Ltd CARERATING | 46% | +3.0 pp | Mar 2026 |
| ICRA Ltd ICRA | 34% | +2.0 pp | Jun 2026 |
| CRISIL Ltd CRISIL | 29% | +1.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
CARE Ratings Ltd · CARERATING
44%
27%
34%
30%
50%
22%
35%
27%
43%
30%
32%
28%
47%
32%
43%
30%
50%
36%
46%
—
CRISIL Ltd · CRISIL
26%
27%
30%
25%
22%
26%
28%
26%
26%
29%
26%
26%
28%
31%
29%
28%
29%
31%
30%
29%
ICRA Ltd · ICRA
27%
40%
41%
34%
36%
35%
35%
34%
32%
26%
40%
31%
33%
35%
43%
32%
36%
35%
40%
34%
Margin change · reported quarter history
CARE Ratings Ltd · CARERATING
−11.4 pp
−6.2 pp
−4.3 pp
+12.0 pp
+5.7 pp
−4.7 pp
+0.9 pp
−2.6 pp
−6.5 pp
+8.0 pp
−3.0 pp
+1.0 pp
+4.0 pp
+2.0 pp
+11.0 pp
+2.0 pp
+3.0 pp
+4.0 pp
+3.0 pp
—
CRISIL Ltd · CRISIL
+2.3 pp
+1.5 pp
+3.9 pp
−1.1 pp
−3.5 pp
−1.3 pp
−1.6 pp
+0.7 pp
+3.8 pp
+3.0 pp
−2.0 pp
0.0 pp
+2.0 pp
+2.0 pp
+3.0 pp
+2.0 pp
+1.0 pp
0.0 pp
+1.0 pp
+1.0 pp
ICRA Ltd · ICRA
+2.2 pp
+8.7 pp
+12.2 pp
+3.4 pp
+8.6 pp
−5.0 pp
−6.2 pp
−0.3 pp
−4.0 pp
−9.0 pp
+5.0 pp
−3.0 pp
+1.0 pp
+9.0 pp
+3.0 pp
+1.0 pp
+3.0 pp
0.0 pp
−3.0 pp
+2.0 pp
08 · compare level, then change
Profit Scale & Acceleration
CRISIL Ltd has the highest Net profit among the 3 Credit Rating Agencies companies compared here, at ₹884 crore. ICRA Ltd is next at ₹196 crore. CARE Ratings Ltd has the highest Profit growth at 24.5%, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: CRISIL Ltd leads with ₹884 crore of TTM profit, 351% above ICRA Ltd. CARE Ratings Ltd shows 24.5% growth from a ₹173 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderCRISIL Ltd · ₹884 crore
Gap351% versus #2 · ICRA Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 59 observations
Investor read: CRISIL Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profit · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| CRISIL Ltd CRISIL | ₹216 Cr | 26% | Jun 2026 |
| ICRA Ltd ICRA | ₹56 Cr | 30% | Jun 2026 |
| CARE Ratings Ltd CARERATING | ₹53 Cr | 23% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
CARE Ratings Ltd · CARERATING
₹27 Cr
₹15 Cr
₹23 Cr
₹14 Cr
₹34 Cr
₹16 Cr
₹20 Cr
₹18 Cr
₹36 Cr
₹24 Cr
₹25 Cr
₹21 Cr
₹47 Cr
₹28 Cr
₹43 Cr
₹26 Cr
₹57 Cr
₹37 Cr
₹53 Cr
—
CRISIL Ltd · CRISIL
₹113 Cr
₹169 Cr
₹122 Cr
₹137 Cr
₹148 Cr
₹158 Cr
₹146 Cr
₹151 Cr
₹152 Cr
₹210 Cr
₹138 Cr
₹150 Cr
₹172 Cr
₹225 Cr
₹160 Cr
₹172 Cr
₹193 Cr
₹242 Cr
₹233 Cr
₹216 Cr
ICRA Ltd · ICRA
₹24 Cr
₹31 Cr
₹33 Cr
₹21 Cr
₹37 Cr
₹39 Cr
₹39 Cr
₹41 Cr
₹32 Cr
₹32 Cr
₹47 Cr
₹36 Cr
₹37 Cr
₹42 Cr
₹56 Cr
₹43 Cr
₹48 Cr
₹39 Cr
₹53 Cr
₹56 Cr
Profit growth · reported quarter history
CARE Ratings Ltd · CARERATING
—
—
—
27%
26%
6.7%
-13%
29%
5.9%
50%
25%
17%
31%
17%
72%
24%
21%
32%
23%
—
CRISIL Ltd · CRISIL
—
—
—
—
31%
-6.5%
20%
10%
2.7%
33%
-5.5%
-0.7%
13%
7.1%
16%
15%
12%
7.6%
46%
26%
ICRA Ltd · ICRA
—
—
—
-13%
54%
26%
18%
95%
-14%
-18%
21%
-12%
16%
31%
19%
19%
30%
-7.1%
-5.4%
30%
09 · compare level, then change
Return On Capital Employed
CRISIL Ltd has the highest ROCE among the 3 Credit Rating Agencies companies compared here, at 32.6%. CARE Ratings Ltd is next at 26.3%. The same company also holds the highest ROCE change, at +1.9 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: CRISIL Ltd leads ROCE at 32.6%, 6.3 percentage points above CARE Ratings Ltd. CRISIL Ltd has the strongest latest improvement at +1.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderCRISIL Ltd · 32.6%
Gap24% versus #2 · CARE Ratings Ltd
Persistence1/8 recent comparable periods
Coverage3/3 companies · 45 observations
Investor read: CRISIL Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCE changefastest improvers
Return on capital · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| CRISIL Ltd CRISIL | 30% | +1.9 pp | Jun 2026 |
| CARE Ratings Ltd CARERATING | 19% | +1.8 pp | Mar 2026 |
| ICRA Ltd ICRA | 15% | +0.5 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
CARE Ratings Ltd · CARERATING
13%
—
11%
—
13%
—
13%
—
13%
20%
13%
20%
15%
22%
17%
25%
18%
26%
19%
—
CRISIL Ltd · CRISIL
—
31%
—
36%
—
33%
—
35%
44%
34%
42%
33%
42%
29%
37%
28%
38%
28%
36%
30%
ICRA Ltd · ICRA
—
—
13%
—
15%
—
14%
—
14%
21%
14%
21%
14%
24%
15%
23%
15%
23%
15%
—
ROCE change · reported quarter history
CARE Ratings Ltd · CARERATING
—
—
—
—
−0.5 pp
—
+2.6 pp
—
+0.5 pp
—
0.0 pp
—
+1.8 pp
+1.9 pp
+3.4 pp
+4.6 pp
+2.6 pp
+4.0 pp
+1.8 pp
—
CRISIL Ltd · CRISIL
—
—
—
—
—
+2.8 pp
—
−1.1 pp
—
+0.5 pp
—
−1.6 pp
−1.6 pp
−4.7 pp
−4.4 pp
−5.0 pp
−4.5 pp
−1.5 pp
−0.9 pp
+1.9 pp
ICRA Ltd · ICRA
—
—
—
—
—
—
+0.5 pp
—
−0.3 pp
—
−0.1 pp
—
−0.3 pp
+2.6 pp
+1.0 pp
+2.2 pp
+0.8 pp
−0.4 pp
+0.5 pp
—
10 · compare level, then change
Valuation Against Growth & Quality
CARE Ratings Ltd has the lowest PEG among the 3 Credit Rating Agencies companies compared here, at 0.8×. ICRA Ltd has the lowest P/E at 24.1×, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its PEG series carries 13 reported observations across the 20-quarter window.
What the numbers say: CARE Ratings Ltd has the lowest comparable PEG at 0.8×, 0% below CRISIL Ltd. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderCARE Ratings Ltd · 0.8×
Gap0% versus #2 · CRISIL Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 46 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| ICRA Ltd ICRA | 3.0 | 27.8 | Jun 2026 |
| CRISIL Ltd CRISIL | 0.8 | 35.6 | Jun 2026 |
| CARE Ratings Ltd CARERATING | 0.8 | 28.1 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
CARE Ratings Ltd · CARERATING
1.4
—
—
—
—
1.6
—
2.3
2.4
—
3.4
1.6
1.7
1.2
1.2
1.1
0.9
0.9
0.8
—
CRISIL Ltd · CRISIL
6.8
2.7
2.5
1.5
1.5
—
1.4
1.9
2.5
1.6
3.7
4.6
6.5
5.9
7.0
7.3
3.9
5.6
0.8
—
ICRA Ltd · ICRA
—
—
5.2
0.9
1.5
1.2
1.1
1.9
0.8
—
3.9
3.3
—
1.3
2.5
3.0
1.7
—
1.5
3.0
P/E · reported quarter history
CARE Ratings Ltd · CARERATING
22.2
22.1
19.4
16.3
19.2
21.1
21.9
24.9
29.7
31.9
34.7
31.6
29.2
34.6
27.9
38.5
32.8
31.4
28.1
—
CRISIL Ltd · CRISIL
54.1
51.5
52.0
49.4
47.1
41.4
42.4
48.5
47.6
52.3
57.6
47.8
51.3
61.0
44.7
62.0
46.4
41.6
36.7
35.6
ICRA Ltd · ICRA
38.8
34.7
39.2
32.3
35.0
36.2
32.8
38.1
34.3
37.0
36.9
37.3
46.7
39.6
33.0
38.1
35.3
31.5
26.2
27.8
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Credit Rating Agencies comparison names 4 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 3 Credit Rating Agencies companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 0 unverified · 0 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
13 · questions investors ask, short speakable answers
Credit Rating Agencies company comparison FAQs
These 23 answers restate the Credit Rating Agencies comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Credit Rating Agencies sector outperforming NIFTY 500?
Credit Rating Agencies has underperformed NIFTY 500 by 15.7% over 52 weeks and 3.1% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.
Which Credit Rating Agencies company is largest by revenue?
CRISIL Ltd leads with revenue of ₹4,126 crore, based on 3 of 3 comparable companies through Jun 2026.
Which Credit Rating Agencies company is growing fastest?
ICRA Ltd has the fastest current revenue growth at 26%, across 3 of 3 comparable companies.
Which Credit Rating Agencies company has the strongest 4-Factor Sector Score?
CARE Ratings Ltd ranks first at 81.4/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Credit Rating Agencies company has the lowest comparable PEG?
CARE Ratings Ltd has the lowest comparable PEG at 0.8, among 3 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Credit Rating Agencies comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
What is the Nifty Credit Rating Agencies index?
The Nifty Credit Rating Agencies index tracks India's listed Credit Rating Agencies companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Credit Rating Agencies sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Credit Rating Agencies stocks in India?
Ranked by this page's four-factor score, CARE Ratings Ltd places first among 3 listed Credit Rating Agencies companies, followed by CRISIL Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Credit Rating Agencies stocks are listed in India?
This comparison covers 3 listed Credit Rating Agencies companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Credit Rating Agencies company is the biggest?
CRISIL Ltd is the largest, with trailing-twelve-month revenue of ₹4,126 crore, ahead of ICRA Ltd at ₹639 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.
Which Credit Rating Agencies company has the best profit margins?
CARE Ratings Ltd has the highest operating margin at 46%, from 3 of 3 comparable companies. CARE Ratings Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Credit Rating Agencies company makes the most profit?
CRISIL Ltd earns the most, at ₹884 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. CARE Ratings Ltd has the fastest profit growth at 24.5%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Credit Rating Agencies company earns the highest return on capital?
CRISIL Ltd leads on return on capital employed at 32.6%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Credit Rating Agencies stock is the cheapest?
On PEG — where a LOWER number is cheaper — CARE Ratings Ltd screens cheapest at 0.8×. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Credit Rating Agencies sector beating the market?
Credit Rating Agencies has underperformed NIFTY 500 by 15.7% over the last 52 weeks and 3.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Credit Rating Agencies stock has the strongest price momentum?
CARE Ratings Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Credit Rating Agencies company scores highest for research priority?
CARE Ratings Ltd scores 81.4 out of 100 with 92.6% evidence confidence, from 28.1 points on growth and earnings, 22 on capital efficiency, 14.3 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Credit Rating Agencies companies does this comparison cover, and over what period?
It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Credit Rating Agencies sector?
The 3 Credit Rating Agencies companies on this page carry ₹41,758 crore of combined market value. CRISIL Ltd is the largest at ₹31,883 crore, about 76% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the Credit Rating Agencies sector performing?
1 of the 3 covered Credit Rating Agencies companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 15.7% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.