{"id":134551,"date":"2022-10-10T06:33:58","date_gmt":"2022-10-10T10:33:58","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134551"},"modified":"2022-11-17T06:06:01","modified_gmt":"2022-11-17T11:06:01","slug":"the-rebirth-of-care-ratings-limited","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/the-rebirth-of-care-ratings-limited\/","title":{"rendered":"The Rebirth of CARE Ratings Limited"},"content":{"rendered":"\n<p>\u201cThe domestic fundamentals are showing gradual improvement and the private investment is expected to revive with capacity utlisation level inching towards 75%. However, India\u2019s economy needs to brace up for prevailing headwinds in the form of slowing global growth, high inflation and tighter liquidity for a major part of the current financial year. The global uncertainties, high commodity prices and rising interest rates would be dampening factors for investor sentiments. This notwithstanding, our initial ratings business witnessed good growth from the bank loan ratings and securitization segments.\u201d<\/p>\n\n\n\n<p>&#8211; Mehul Pandya, Managing Director &amp; CEO<\/p>\n\n\n\n<p><strong>Company Description:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/44.250.171.167\/?post_type=post&amp;s=Care+Ratings\" target=\"_blank\" rel=\"noreferrer noopener\">CareEdge Ratings<\/a> is one of the leading credit rating agencies. The company\u2019s ratings business focuses on several sectors including the Infrastructure sector and the BFSI Sector. The company has developed an expertise in developing several financial instruments as well. Additionally, CareEdge conducts real time research on various studies and projects. The company has wholly owned subsidiaries: Care Advisory, Research &amp; Training Ltd. and Care Risk Solutions Pvt Ltd. The company also has various business arrangements with international rating agencies.&nbsp;<\/p>\n\n\n\n<p>The company has gone through significant changes in management and strategy to improve the company\u2019s long term growth prospects.<\/p>\n\n\n\n<p><strong>Rebranding:<\/strong><\/p>\n\n\n\n<p>The company has recently undergone a major rebranding exercise. The company has decided to present itself as a technology driven firm that directs all its resources to gather information and knowledge efficiently.<\/p>\n\n\n\n<p>To keep in line with this vision the company has observed a major technological change:<\/p>\n\n\n\n<p>The company is looking into several Machine Learning models and NLPs to automate lower level data entry work to ensure efficiency in processes while expanding the company\u2019s market surveillance capacity. The company has shifted from an in &#8211; house data centre and have taken steps to increase their cybersecurity.&nbsp;<\/p>\n\n\n\n<p>The company has also taken steps to create a comprehensive platform named \u2018<strong>Sirius<\/strong>\u2019. The platform provides integrated data on all sorts of financial research or reports to banks, mutual funds or FPIs.&nbsp;<\/p>\n\n\n\n<p><strong>Building Resilient Subsidiaries:<\/strong><\/p>\n\n\n\n<p>Care Ratings (Africa) Private Limited has observed a strong performance financially in the fiscal year 2022. The company has made significant headway in Mauritius and plans to leverage their existing knowledge and technological base to expand the business in other African markets.<\/p>\n\n\n\n<p>Care Ratings Nepal Private Limited provide a wide variety of services in Nepal. After the pandemic downturn, the company has seen a 7.2% increase to \u20b9 5.13 crores in total income in the fiscal year 2022.<\/p>\n\n\n\n<p>Care Advisory, Training and Research Ltd. provides services in the domain of corporate advisory and infrastructure project evaluations. The company also provides credible and customised research reports to clients through its research division.<\/p>\n\n\n\n<p>Care Risk Solutions Private Limited has expanded its range of product offerings by inculcating and upgrading their technological infrastructure.&nbsp;<\/p>\n\n\n\n<p><strong>Financial Performance:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>\u20b9 in Cr.<\/strong><\/td><td><strong>Q1FY23<\/strong><\/td><td><strong>Q1FY22<\/strong><\/td><td><strong>% Change<\/strong><\/td><\/tr><tr><td><strong>Total Revenue<\/strong><\/td><td><strong>62.09<\/strong><\/td><td><strong>56.52<\/strong><\/td><td><strong>10%<\/strong><\/td><\/tr><tr><td><strong>Total Expenses<\/strong><\/td><td><strong>40.89<\/strong><\/td><td><strong>42.55<\/strong><\/td><td><strong>(4%)<\/strong><\/td><\/tr><tr><td><strong>Profit Before Tax<\/strong><\/td><td><strong>21.20<\/strong><\/td><td><strong>13.98<\/strong><\/td><td><strong>52%<\/strong><\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td><strong>14.14<\/strong><\/td><td><strong>11.55<\/strong><\/td><td><strong>22%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>This <a href=\"https:\/\/www.careratings.com\/Uploads\/newsfiles\/FinancialReport\/29072022105702_Unaudited_Financial_Results_Q1_2023_.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">quarter&#8217;s result<\/a> showed a strong positive shift from the corresponding quarter of the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe domestic fundamentals are showing gradual improvement and the private investment is expected to revive with capacity utlisation level inching towards 75%. However, India\u2019s economy needs to brace up for prevailing headwinds in the form of slowing global growth, high inflation and tighter liquidity for a major part of the current financial year. The global [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":134553,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,1],"tags":[10457],"class_list":["post-134551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-finance-stocks","tag-credit-rating"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1392242038.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143623,"url":"https:\/\/alphastreet.com\/india\/care-ratings-poised-for-growth-as-indian-credit-market-recovers\/","url_meta":{"origin":134551,"position":0},"title":"CARE Ratings Poised for Growth as Indian Credit Market Recovers","author":"Divyansh_Kasana","date":"April 11, 2023","format":false,"excerpt":"While the Indian economy has been recording healthy growth, there are concerns for the external sector. With the global economy slowing down, India\u2019s economy will definitely feel the pain. At this crucial juncture, the critical aspect would be for the domestic demand revival to be sustained. With capacity utilisation levels\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":146020,"url":"https:\/\/alphastreet.com\/india\/alphagraph-care-ratings-limited-nse-aplapollo-q4fy23-results-out-total-income-rises-20-yoy\/","url_meta":{"origin":134551,"position":1},"title":"Alphagraph | CARE Ratings Limited (NSE:CARERATING): Q4FY23 Results Out; Total Income rises 20% YoY.","author":"Divyansh_Kasana","date":"May 12, 2023","format":false,"excerpt":"CARE Ratings is a prominent credit rating agency in India that provides various credit ratings to help corporates raise capital for their different requirements. The company assists investors in making informed investment decisions based on the credit risk and their own risk-return expectations. CARE Ratings offers a wide range of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/eb9ff8c9-a2df-4082-95eb-e202fb433abc.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145998,"url":"https:\/\/alphastreet.com\/india\/earnings-care-ratings-limited-nse-aplapollo-q4fy23-results-out-total-income-rises-20-yoy\/","url_meta":{"origin":134551,"position":2},"title":"Earnings | CARE Ratings Limited (NSE: CARERATING): Q4FY23 Results Out; Total Income rises 20% YoY.","author":"Divyansh_Kasana","date":"May 12, 2023","format":false,"excerpt":"CARE Ratings is a prominent credit rating agency in India that provides various credit ratings to help corporates raise capital for their different requirements. The company assists investors in making informed investment decisions based on the credit risk and their own risk-return expectations. CARE Ratings offers a wide range of\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":139476,"url":"https:\/\/alphastreet.com\/india\/care-ratings-ltd-nse-carerating-releases-q3-fy23-results\/","url_meta":{"origin":134551,"position":3},"title":"CARE Ratings Ltd. (NSE: CARERATING) Releases Q3 FY23 Results","author":"Divyansh_Kasana","date":"January 30, 2023","format":false,"excerpt":"Care Ratings is an Indian credit rating agency founded in 1993. It provides credit ratings and research services to various stakeholders including banks, financial institutions, corporate clients, and the government. The company's services include rating of debt instruments such as bonds, commercial papers, bank loans, and insurance products, as well\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/1f1ea253-272c-41c0-9364-978babead457.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166420,"url":"https:\/\/alphastreet.com\/india\/care-ratings-ltd-q2fy25-31-rise-in-profits\/","url_meta":{"origin":134551,"position":4},"title":"CARE Ratings Ltd Q2FY25; 31% rise in Profits","author":"Divyansh_Kasana","date":"January 17, 2025","format":false,"excerpt":"CARE Ratings is a leading credit rating agency of India. The Company provides various credit ratings that helps corporates to raise capital for their various requirements and assists the investors to form an informed investment decision based on the credit risk and their own riskreturn expectations.(Source : 202003-01 Annual Report\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/01\/LL-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169985,"url":"https:\/\/alphastreet.com\/india\/care-ratings-q1-fy26-earnings-results\/","url_meta":{"origin":134551,"position":5},"title":"CARE Ratings Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 11, 2025","format":false,"excerpt":"CARE Ratings Limited is one of India\u2019s leading credit rating agencies, offering a range of credit rating services that help corporates raise capital and enable investors to make informed decisions based on credit risk and risk\u2013return expectations. Presenting below are its Q1 FY26 Earnings Results. Q1 FY26 Earnings Results Revenue:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"CARERATING Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/CARE-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134551"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/134553"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}