CRISIL Ltd is an Indian multinational analytics company, incorporated in 1987. It is the country's leading provider of ratings, research, and risk and policy advisory services. Crisil, a global analytics company majority-owned by S&P Global, provides insights and risk assessments to clients, enabling them to make informed decisions. CRISIL is primarily owned by S&P Global Inc., a world leader in transparent and independent ratings, benchmarks, analytics, and data serving capital and commodity markets globally.
CRISIL has served over 100,000 clients through its diverse business lines across 12 countries, showcasing a significant global footprint. Operating across key international markets including the United States, the United Kingdom, Argentina, Poland, China, Hong Kong, Singapore, and the United Arab Emirates, we have provided independent, actionable insights and efficient solutions to over 100,000 clients. The company employs over 4,600 individuals representing more than 40 nationalities. Women make up 39% of the global workforce, reflecting CRISIL's commitment to diversity and inclusion.
The company operates through two primary business segments that drive its revenue growth. It operates through two segment, Rating Services; and Research, Analytics, and Solutions. Ratings Business (28% of revenues) India's premier ratings agency having rated 35,000+ large and medium-scale entities. This is the most profitable business of company and accounts for 51% of total profits while contributing only 28% of revenues.
The Ratings services segment includes credit ratings for corporates, banks, bank loans, credit analysis services, grading services and global analytical services. We pioneered credit rating in India in 1987, and emerged a leader with our independent, analytical rigour and innovation. As a full-service rating agency, we rate the entire gamut of debt instruments, and provide a globally unique and affordable rating service for SMEs. Announced over 1,200 new BLRs; maintains approximately 7,000 active company ratings.
The Research, Analytics and solutions segment which generates key revenue, includes global research and risk solutions, industry reports, customized research assignments, subscription to data services, independent equity research (IER), IPO gradings, training, credit ratings for small and medium enterprises, advisory services and a comprehensive range of risk management tools, analytics and solutions to financial institutions, banks and corporates in India. As a leading provider of strategic benchmarking analytics, CRISIL delivers actionable insights to over 300 clients in the global financial services sector.
Market Cap ₹ 44,257 Cr. As of March 2025, CRISIL demonstrated strong financial performance with impressive growth metrics. Net profit of CRISIL rose 16.06% to Rs 159.84 crore in the quarter ended March 2025 as against Rs 137.72 crore during the previous quarter ended March 2024. Sales rose 10.23% to Rs 813.18 crore in the quarter ended March 2025 as against Rs 737.68 crore during the previous quarter ended March 2024.
For the full financial year 2024, the company reported solid performance across key metrics:
- The company's consolidated income from operations in FY 2024 was up 3.8% to Rs 3,259.8 crore, compared with Rs 3,139.5 crore in FY 2023.
- Consolidated total income in FY 2024 was up 3.6% to Rs 3,349.4 crore, compared with Rs 3,233.2 crore in FY 2023.
- PBT in FY 2024 was up 6.8% to Rs 926.5 crore, compared with Rs 867.7 crore in FY 2023.
- PAT in FY 2024 was up 3.9% to Rs 684.1 crore, compared with Rs 658.4 crore in FY 2023.
The company has been actively expanding its market presence through strategic initiatives. Crisil acquires minority stake in OPL for Rs 33.25 crore, enhancing MSME digital credit offerings. The company separated its credit ratings business into a wholly owned subsidiary, CRISIL Ratings Ltd pursuant to changes in SEBI regulations.
Board Meeting Intimation for Board Meeting Intimation For Unaudited Consolidated And Standalone Financial Results For The Second Quarter Ended June 30, 2025 And To Consider The Payment Of Second Interim Dividend For The Financial Year Ending December 31, 2025. Board meeting on July 21-22 to approve Q2 results and consider second interim dividend.
CRISIL maintains a consistent dividend policy, demonstrating its commitment to shareholder returns. The board has recommended a final dividend of Rs 26 per share. Including three interim dividends (₹7, ₹8, and ₹11 per share), the total dividend for 2023 amounts to ₹54 per share, compared to ₹48 per share in the previous year. Intimation For Record Date For Payment Of Second Interim Dividend For Financial Year Ending December 31, 2025. Record date set for Crisil's second interim dividend, payment on August 8, 2025.
Crisil Limited is strategically enhancing its market presence through a unified brand identity while demonstrating resilience amid macroeconomic uncertainties. The company reported a modest revenue growth of 3.8% for FY 2024, driven by strong performance in its Ratings Services segment, which capitalized on the demand for high-quality ratings. Despite challenges from reduced discretionary spending, particularly in the Research and Analytics segment, Crisil is investing in digital infrastructure and Generative AI to improve client solutions and operational efficiency.
Looking ahead, management expresses confidence in leveraging analytical strengths to capture growth opportunities in asset management and private markets, despite a cautious outlook on corporate financing dynamics. Crisil expects India's GDP to grow 6.5% next fiscal, driven by lower inflation and interest rate cuts. The recent budget supports public investment and consumption, while upholding fiscal discipline.
An annual revenue growth of 4% is not great, Pre-tax margin of 28% is great, ROE of 26% is exceptional. The company has a reasonable debt to equity of 8%, which signals a healthy balance sheet. With a 37-year history of innovation, CRISIL has been a pioneer in the analytics and ratings industry.
Promoter holding in CRISIL Ltd has gone up to 66.64 per cent as of Mar 2025 from 66.64 per cent as of Jun 2024. The company continues to maintain its leadership position in the Indian ratings market while expanding its global footprint through innovative analytics solutions and strategic partnerships.
