CARE RATINGS LIMITED vs ICRA LIMITED

CARERATING and ICRA, both in Financial Publishing/Services. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Jan '19, the first month all 2 have a price: CARERATING +56%, ICRA +48%.

3099168238Jan '19Aug '20Mar '22Oct '23May '25Oct '263099168238Jan '19Aug '21Mar '24Oct '26

Rebased at 2019-01. Monthly closes from each company's history.

ROCE

12.0%21.7%31.3%41.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '2612.0%21.7%31.3%41.0%Jan '19Aug '21Mar '24Oct '26
CARE RATINGS LIMITED (CARERATING)ICRA LIMITED (ICRA)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

CARERATIN Net profit growth: +72 pts+72 ptsShare count change: -1 ptsP/E change: -1 pts +70% ICRA Net profit growth: +28 pts+28 ptsShare count change: +1 ptsP/E change: -46 pts-46 pts -17%
Net profit growthShare count changeP/E changeUnexplained

CARERATING: share price rose 70% over 3 years: +72 pts from net profit growth, −1 pts from the P/E change, −1 pts from share count change.

ICRA: share price fell 17% over 3 years: +28 pts from net profit growth, −46 pts from the P/E change, +1 pts from share count change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

CARE RATINGS LIMITED (CARERATING) · Commercial Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

ICRA LIMITED (ICRA) · Commercial Services

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricCARERATINGICRA
Share Price₹1544.20₹4424.80
Market Cap₹4633 cr₹4249 cr
P/E25.9x32.4x
P/B4.7x4.8x
P/S11.6x12.6x
ROCE25.0%20.0%
ROE18.2%14.8%
Operating margin36.0%34.0%
Revenue (TTM), indexed to 100₹400 cr₹338 cr
Net Profit (TTM)₹179 cr₹131 cr
Debt / Equity0.0x0.0x
Cash Conversion Cycle24d31d
Promoter holding—51.9%
FII Holding23.4%6.9%
DII Holding31.6%24.3%
12M momentum-3.8%-29.7%
Drawdown from Peak-14.0%-37.6%
Cash conversion (3Y)0.8x0.6x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)29.8%21.9%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.