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CARE Ratings Valuation Multiples

Discover revenue and EBITDA valuation multiples for CARE Ratings and similar public comparables like Stock3, Wolters Kluwer, and Gumtree Australia.

CARE Ratings Overview

About CARE Ratings

CARE Ratings Ltd is an India-based company credit rating firm. The company's operating segment includes Ratings and related services and Others. It generates maximum revenue from the Ratings and related services segment. The company provides ratings for the Corporate Sector; Financial Sector; Structured Finance; Insurance Sector; Infrastructure Sector and others.


Founded

1993

HQ

India
Employees

563

Website

careratings.com

Financials

LTM Revenue $38.6M

LTM EBITDA n/a

EV

$318M

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CARE Ratings Financials

CARE Ratings has a last 12-month revenue of $38.6M and a last 12-month EBITDA of n/a.

In the most recent fiscal year, CARE Ratings achieved revenue of $38.5M and an EBITDA of $18.4M.

CARE Ratings expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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CARE Ratings P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $32.4M $38.5M XXX XXX XXX
Gross Profit $15.7M $18.0M XXX XXX XXX
Gross Margin 48% 47% XXX XXX XXX
EBITDA $15.9M $18.4M XXX XXX XXX
EBITDA Margin 49% 48% XXX XXX XXX
Net Profit $8.7M $9.7M XXX XXX XXX
Net Margin 27% 25% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

CARE Ratings Stock Performance

As of April 15, 2025, CARE Ratings's stock price is INR 1124 (or $13).

CARE Ratings has current market cap of INR 33.6B (or $391M), and EV of INR 27.4B (or $318M).

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CARE Ratings Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$318M $391M XXX XXX XXX XXX $0.51

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CARE Ratings Valuation Multiples

As of April 15, 2025, CARE Ratings has market cap of $391M and EV of $318M.

CARE Ratings's trades at 8.2x LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate CARE Ratings's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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CARE Ratings Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $318M XXX XXX XXX
EV/Revenue 8.3x XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E 27.6x XXX XXX XXX
P/E/Growth 1.4x XXX XXX XXX
EV/FCF 22.3x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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CARE Ratings Valuation Multiples

CARE Ratings's NTM/LTM revenue growth is 14%

CARE Ratings's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $16K for the same period.

Over next 12 months, CARE Ratings's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate CARE Ratings's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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CARE Ratings Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 19% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth 16% XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee $0.1M XXX XXX XXX XXX
Opex per Employee $16K XXX XXX XXX XXX
S&M Expenses to Revenue 1% XXX XXX XXX XXX
G&A Expenses to Revenue 4% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 24% XXX XXX XXX XXX

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CARE Ratings Public Comps

See public comps and valuation multiples for Financial Data & Information comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Wolters Kluwer XXX XXX XXX XXX XXX XXX
Gumtree Australia XXX XXX XXX XXX XXX XXX
Gumtree Australia XXX XXX XXX XXX XXX XXX
Stock3 XXX XXX XXX XXX XXX XXX
Business Online XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

CARE Ratings M&A and Investment Activity

CARE Ratings acquired  XXX companies to date.

Last acquisition by CARE Ratings was  XXXXXXXX, XXXXX XXXXX XXXXXX . CARE Ratings acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by CARE Ratings

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About CARE Ratings

When was CARE Ratings founded? CARE Ratings was founded in 1993.
Where is CARE Ratings headquartered? CARE Ratings is headquartered in India.
How many employees does CARE Ratings have? As of today, CARE Ratings has 563 employees.
Who is the CEO of CARE Ratings? CARE Ratings's CEO is Mr. Mehul Harshadray Pandya.
Is CARE Ratings publicy listed? Yes, CARE Ratings is a public company listed on NSE.
What is the stock symbol of CARE Ratings? CARE Ratings trades under CARERATING ticker.
When did CARE Ratings go public? CARE Ratings went public in 2012.
Who are competitors of CARE Ratings? Similar companies to CARE Ratings include e.g. Wolters Kluwer, Gumtree Australia, Gumtree Australia, Stock3.
What is the current market cap of CARE Ratings? CARE Ratings's current market cap is $391M
What is the current revenue of CARE Ratings? CARE Ratings's last 12-month revenue is $38.6M.
What is the current EV/Revenue multiple of CARE Ratings? Current revenue multiple of CARE Ratings is 8.2x.
What is the current revenue growth of CARE Ratings? CARE Ratings revenue growth between 2023 and 2024 was 19%.
Is CARE Ratings profitable? Yes, CARE Ratings is EBITDA-positive (as of the last 12 months).

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