Time period given by analyst is one year when Crisil price can reach defined target.
Crisil Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 22798.42 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 550.48 Crore, up 8.22 % from last quarter Total Income of Rs 508.65 Crore and up 13.74 % from last year same quarter Total Income of Rs 483.96 Crore. Company reported net profit after tax of Rs 100.80 Crore in latest quarter.
Investment Rationale
CRISIL delivered better than expected performance especially in the Research and advisory businesses. Ratings business performance was weaker than expectations on the back of lockdowns imposed during COVID. The brokerage expects the ratings business to come back to growth as the economy opens up. It has revised estimates higher to factor in better than expected delivery in research and advisory business. Also, it has factored in lower growth in ratings business now. It has revised valuation multiples considering higher earnings growth. It retains BUY rating.
Promoter/FII Holdings
Promoters held 67.40 per cent stake in the company as of the fourth quarter ending March 31, 2020, while FIIs held 5.72 per cent, DIIs 11.78 per cent and public & others 14.88 per cent.
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