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CARE Ratings Valuation Multiples

Discover revenue and EBITDA valuation multiples for CARE Ratings and similar public comparables like CTOS Digital, Information Services Corporation, Value Line, Fintel and more.

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

598

Financials (LTM)

Revenue: $49M
EBITDA: $20M

EV

$447M

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CARE Ratings Financials

CARE Ratings reported last 12-month revenue of $49M and EBITDA of $20M.

In the same LTM period, CARE Ratings generated $20M in EBITDA and $17M in net income.

Revenue (LTM)


CARE Ratings P&L

In the most recent fiscal year, CARE Ratings reported revenue of $43M and EBITDA of $22M.

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

See CARE Ratings forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$49MXXX$43MXXXXXXXXX
Gross Profit—XXX$24MXXXXXXXXX
Gross Margin—XXX56%XXXXXXXXX
EBITDA$20MXXX$22MXXXXXXXXX
EBITDA Margin40%XXX50%XXXXXXXXX
EBIT Margin37%XXX39%XXXXXXXXX
Net Profit$17MXXX$16MXXXXXXXXX
Net Margin35%XXX38%XXXXXXXXX

Financial data powered by Morningstar, Inc.

CARE Ratings Stock Performance

CARE Ratings has current market cap of $513M, and enterprise value of $447M.

Market Cap Evolution


CARE Ratings' stock price is $17.08.

See CARE Ratings trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$447M$513M0.5%XXXXXXXXX$0.54

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CARE Ratings Valuation Multiples

CARE Ratings trades at 9.1x EV/Revenue multiple, and 22.5x EV/EBITDA.

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EV / Revenue (LTM)


CARE Ratings Financial Valuation Multiples

As of April 1, 2026, CARE Ratings has market cap of $513M and EV of $447M.

Equity research analysts estimate CARE Ratings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

CARE Ratings has a P/E ratio of 29.9x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$513MXXX$513MXXXXXXXXX
EV (current)$447MXXX$447MXXXXXXXXX
EV/Revenue9.1xXXX10.3xXXXXXXXXX
EV/EBITDA22.5xXXX20.5xXXXXXXXXX
EV/EBIT24.3xXXX26.6xXXXXXXXXX
EV/Gross Profit—XXX18.5xXXXXXXXXX
P/E29.9xXXX31.6xXXXXXXXXX
EV/FCF25.4xXXX30.9xXXXXXXXXX

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

Verified CARE Ratings Valuation Multiples

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CARE Ratings Margins & Growth Rates

CARE Ratings' revenue in the last 12 month grew by 16%.

CARE Ratings' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

CARE Ratings' rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

CARE Ratings' rule of X is 80% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for CARE Ratings and other 15K+ public comps

CARE Ratings Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth16%XXX14%XXXXXXXXX
EBITDA Margin40%XXX50%XXXXXXXXX
EBITDA Growth17%XXX(9%)XXXXXXXXX
Rule of 40—XXX56%XXXXXXXXX
Bessemer Rule of X—XXX80%XXXXXXXXX
Revenue per Employee—XXX$0.1MXXXXXXXXX
Opex per Employee—XXX$0.0MXXXXXXXXX
S&M Expenses to Revenue—XXX1%XXXXXXXXX
G&A Expenses to Revenue—XXX4%XXXXXXXXX
Opex to Revenue—XXX21%XXXXXXXXX

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

Valuation Multiples Across 230+ Verticals

CARE Ratings Public Comps

See public comps and valuation multiples for other Financial Data & Information comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
CTOS DigitalXXXXXXXXXXXXXXXXXX
Information Services CorporationXXXXXXXXXXXXXXXXXX
Value LineXXXXXXXXXXXXXXXXXX
FintelXXXXXXXXXXXXXXXXXX
FinatextXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

CARE Ratings M&A Activity

CARE Ratings acquired XXX companies to date.

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

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Latest Acquisitions by CARE Ratings

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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CARE Ratings Investment Activity

CARE Ratings invested in XXX companies to date.

CARE Ratings made its latest investment on XXXXXXXX, XXXXX. CARE Ratings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by CARE Ratings

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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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 over 598 employees.
Who is the CEO of CARE Ratings?CARE Ratings' CEO is Mehul Harshadray Pandya.
Is CARE Ratings publicly listed?Yes, CARE Ratings is a public company listed on National Stock Exchange of India.
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?CARE Ratings main competitors are CTOS Digital, Information Services Corporation, Value Line, Fintel.
What is the current market cap of CARE Ratings?CARE Ratings' current market cap is $513M.
What is the current revenue of CARE Ratings?CARE Ratings' last 12 months revenue is $49M.
What is the current revenue growth of CARE Ratings?CARE Ratings revenue growth (NTM/LTM) is 16%.
What is the current EV/Revenue multiple of CARE Ratings?Current revenue multiple of CARE Ratings is 9.1x.
Is CARE Ratings profitable?Yes, CARE Ratings is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of CARE Ratings?CARE Ratings' last 12 months EBITDA is $20M.
What is CARE Ratings' EBITDA margin?CARE Ratings' last 12 months EBITDA margin is 40%.
What is the current EV/EBITDA multiple of CARE Ratings?Current EBITDA multiple of CARE Ratings is 22.5x.
What is the current FCF of CARE Ratings?CARE Ratings' last 12 months FCF is $18M.
What is CARE Ratings' FCF margin?CARE Ratings' last 12 months FCF margin is 36%.
What is the current EV/FCF multiple of CARE Ratings?Current FCF multiple of CARE Ratings is 25.4x.

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