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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

Employees
598
Website
Financials (LTM)
EV
$447M
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $49M | XXX | $43M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $24M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 56% | XXX | XXX | XXX |
| EBITDA | $20M | XXX | $22M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 50% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 39% | XXX | XXX | XXX |
| Net Profit | $17M | XXX | $16M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 38% | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $447M | $513M | 0.5% | XXX | XXX | XXX | $0.54 |
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Start Free TrialCARE Ratings Valuation Multiples
CARE Ratings trades at 9.1x EV/Revenue multiple, and 22.5x EV/EBITDA.
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.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $513M | XXX | $513M | XXX | XXX | XXX |
| EV (current) | $447M | XXX | $447M | XXX | XXX | XXX |
| EV/Revenue | 9.1x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBITDA | 22.5x | XXX | 20.5x | XXX | XXX | XXX |
| EV/EBIT | 24.3x | XXX | 26.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 18.5x | XXX | XXX | XXX |
| P/E | 29.9x | XXX | 31.6x | XXX | XXX | XXX |
| EV/FCF | 25.4x | XXX | 30.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CARE Ratings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


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).
CARE Ratings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | (9%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 56% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 80% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CARE Ratings Public Comps
See public comps and valuation multiples for other Financial Data & Information comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CTOS Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Information Services Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Value Line | XXX | XXX | XXX | XXX | XXX | XXX |
| Fintel | XXX | XXX | XXX | XXX | XXX | XXX |
| Finatext | 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 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).
Latest Acquisitions by CARE Ratings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCARE 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).
Latest Investments by CARE Ratings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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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