NSE ScannerComparison · NSE · data 2026-11-01
CARE Ratings Ltd vs ICRA Limited
In plain words
Size: CARE Ratings Ltd is about 1.2 times the market value of ICRA Limited.
Valuation (P/E): CARE Ratings Ltd 25.9 vs ICRA Limited 21.2.
Return on equity: CARE Ratings Ltd 19.7% vs ICRA Limited 16.3%.
Profit growth over 3 years: CARE Ratings Ltd 27% a year vs ICRA Limited 10.3% a year.
Debt to equity: CARE Ratings Ltd 0.03 vs ICRA Limited 0.02.
Differences in the numbers, not a recommendation of either stock.
Side by side
| CARERATING | ICRA | |
|---|---|---|
| Price | ₹1,658 | ₹4,300.8 |
| Market cap | ₹4,998 cr | ₹4,151 cr |
| P/E | 25.9 | 21.2 |
| P/B | 5 | — |
| ROE | 19.7% | 16.3% |
| ROCE | 20.0% | 16.2% |
| Debt / equity | 0.03 | 0.02 |
| Operating margin | 39.7% | 30.6% |
| Dividend yield | 1.33% | 1.63% |
| Sales growth, 3 years (yearly) | 19.2% | 14.1% |
| Profit growth, 3 years (yearly) | 27.0% | 10.3% |
| 1-year return | 4.8% | -34.1% |
| Revenue, last 12 months | ₹519 cr | ₹638 cr |
| Net profit, last 12 months | ₹193 cr | ₹195 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹72 cr | ₹52 cr |
| Quarter profit vs a year earlier | +26.8% | +9.1% |
| Promoter holding | — | 51.87% |
| Health check | Strong (7.5/10) | Average (5.9/10) |
Common questions
Which has a higher P/E, CARE Ratings Ltd or ICRA Limited?
CARE Ratings Ltd trades at the higher P/E (25.9 against 21.2). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
CARE Ratings Ltd (19.7% against 16.3%).
Which carries more debt?
CARE Ratings Ltd has the higher debt-to-equity ratio (0.03 against 0.02).