CARE Ratings enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


4,868	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
222	63.1	48.8	38.3	49.4
11.7	10.7	9.2	7.5	6.8
0.0	0.0	0.0	19.6	0.0
4,658	—	—	—	—
−222	−63.1	−48.8	−18.7	−49.4
₹1,550.33	—	—	—	—

1,014	943	816	744	679
0.0%	0.0%	0.0%	2.6%	0.0%

8.98×	—	—	—	—
21.14×	—	—	—	—
22.71×	—	—	—	—
33.42×	—	—	—	—
519	473	402	332	279
220	197	155	112	99.3
205	183	144	102	88.8
—	148	123	90.9	82.2
139	139	108	81.7	70.7
—	139	108	81.2	70.4
—	8.3	14.7	9.2	11.5

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

CARERATING₹1,620.20

CARE Ratings Limited

· Banking & Finance

₹ CrorePeersICRAMcap ₹4,868 Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	4,868.2
- Cash, Equiv & ST Investments	49.4	38.3	48.8	63.1	221.7
+ Minority Interest	6.8	7.5	9.2	10.7	11.7
+ Total Debt	0.0	19.6	0.0	0.0	0.0
Enterprise Value	—	—	—	—	4,658.3
Net Debt (memo)	-49.4	-18.7	-48.8	-63.1	-221.7
EV per Share	—	—	—	—	1,550.33

Total Capital	679.0	744.1	815.5	943.1	1,013.8
Total Debt/Total Capital	0.00	2.63	0.00	0.00	0.00

EV/Sales	—	—	—	—	8.98
EV/EBITDA	—	—	—	—	21.14
EV/EBIT	—	—	—	—	22.71
EV/Free Cash Flow	—	—	—	—	33.42
Reference Items — Trailing FY Values
Sales	279.0	331.7	402.3	473.1	518.6
EBITDA	99.3	112.1	155.3	197.4	220.3
EBIT	88.8	101.7	143.6	183.0	205.1
Operating Cash Flow	82.2	90.9	123.0	147.7	—
Free Cash Flow	70.7	81.7	108.2	139.4	139.4
FCFF (free cash flow to the firm)	70.4	81.2	107.6	138.7	—
Capital Expenditure	11.5	9.2	14.7	8.3	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.