CRISIL Limited (CRISIL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of CRISIL Limited stock ₹1,768, price ₹4,390, that is 59.7% below the price, quality 68 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹2,351 – ₹6,491 · fair‑value band ₹1,021 – ₹2,634 · the ₹4,390 price screens above the ₹1,768 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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CRISIL Limited, an analytical company, provides ratings, research, and risk and policy consulting services in India, Europe, North America, and internationally. It operates through two segment, Rating Services; and Research, Analytics and Solutions.
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The company offers credit ratings for corporates, banks, and bank loans; credit analysis services; grading services; and analytical services.
It also provides research and risk solutions, industry reports, customized research assignments, subscription to data services, training, and advisory services; and a range of risk management tools, analytics, and solutions for financial institutions, banks, and corporates.
The company was formerly known as The Credit Rating Information Services of India Limited and changed its name to CRISIL Limited in December 2003. CRISIL Limited was incorporated in 1987 and is headquartered in Mumbai, India.
Stock analysis
CRISIL Limited (CRISIL) currently trades at ₹4,390, while our model-based Fair Value estimate is ₹1,768, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹2,629 per share, and 0 of the 13 models we run sit above the ₹4,390 price.
Bear case: the Economic Profit group reads lowest at ₹729.39, and 13 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹1,021 (bear) to ₹2,634 (bull), the price of ₹4,390 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CRISIL Limited reported revenue of ₹36.5B in FY2025 versus ₹23.0B in FY2021, a compound +12.2%/yr. Reported net income was ₹7.7B in FY2025, compounding +13.2%/yr from FY2021.
Key figures
Market cap ₹321B (≈ $3.4B) Mid · P/E ratio 35.8 · P/S ratio 7.45 · EPS (TTM) ₹122.49 · Dividend yield 1.5% · Net margin 20.8% · Return on equity 29.1% · Return on assets (EBIT) 25.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −60%, CRISIL screens richer than that median.
Fair Value models
Bear₹1,021Fair Value ₹1,768Bull₹2,634
Price ₹4,390 · Downside -59.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (₹50.48 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
Start year 2020 (pandemic). Over 10 years: +10.2% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.5% vs 10.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 26%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +22.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Financial Data & Stock Exchanges · 53 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score68 · Above median
Fair Value upside−59.7% · Bottom 25%
Profitability
Return on equity (12 months)29.1% · Above median
Return on assets16.5% · Top 25%
Net margin (12 months)20.8% · Below median
Operating margin (12 months)23.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)20.2% · Above median
Dividend yield (12 months)1.5% · Below median
Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CRISIL Limited Fair Value". https://www.fairvalue-calculator.com/stock/CRISIL
Frequently asked questions
Is CRISIL Limited (CRISIL) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹1,768 versus a price of ₹4,390, about 60% lower (overvalued).
What is the fair value of CRISIL?
Our model-based fair value for CRISIL Limited is ₹1,768 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹4,390.
What is the quality score of CRISIL?
CRISIL Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CRISIL Limited (CRISIL)?
Our model-based price target is the fair value of ₹1,768 (as of Nov 10, 2026) from 13 valuation models. Cautious scenario ₹1,021, optimistic scenario ₹2,634. It is a calculation from audited fundamentals, not an analyst target.
What is the CRISIL Limited stock forecast for 2026?
Our models put fair value at ₹1,768, about 60% lower versus a price of ₹4,390 (overvalued). Cautious scenario ₹1,021, optimistic scenario ₹2,634. The calculation is refreshed regularly with new filings.
What is the revenue of CRISIL Limited (CRISIL)?
CRISIL Limited reported trailing-twelve-month revenue of about ₹43.1B (latest available figure, as of Nov 10, 2026).
Does CRISIL Limited pay a dividend?
CRISIL Limited currently shows a dividend yield of 1.46% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of CRISIL Limited (CRISIL) and when is the ex-dividend date?
CRISIL Limited pays a dividend of ₹64.00 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Oct 29, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 52.2% of earnings. Free cash flow covers the dividend 1.49 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into CRISIL Limited (CRISIL)?
For today's price to be fair in a discounted-cash-flow model, CRISIL Limited would have to grow free cash flow by +27.9 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.0 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of CRISIL use?
Our models discount CRISIL Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.19, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CRISIL Limited that is +27.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has CRISIL Limited (CRISIL) delivered so far?
Over the past 5 years revenue at CRISIL Limited grew +13.0 % a year. The price currently implies free-cash-flow growth of +27.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CRISIL Limited (CRISIL) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into CRISIL Limited (+27.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CRISIL Limited (CRISIL)?
The free-cash-flow yield on the price is 2.18 %: that much free cash flow CRISIL Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CRISIL Limited (CRISIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CRISIL Limited it is ₹1,768 per share (as of Nov 10, 2026), against a price of ₹4,390. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is CRISIL Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, CRISIL trades above its calculated fair value: price ₹4,390, fair value ₹1,768, a gap of about −60% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRISIL?
No. The price is what the market pays today (₹4,390); the fair value is what the company's own numbers justify (₹1,768). For CRISIL Limited the two are ₹2,621 per share apart. That gap is exactly why we show both numbers side by side.
How much is CRISIL Limited worth?
The market values CRISIL Limited at about ₹321B (market capitalisation, as of Nov 10, 2026). Per share that is ₹4,390; our models calculate a fair value of ₹1,768 per share.
What do the bullish and bearish scenarios say about CRISIL?
Our models span a range for CRISIL Limited: cautious scenario ₹1,021, base ₹1,768, optimistic ₹2,634 per share (as of Nov 10, 2026, price ₹4,390). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRISIL?
CRISIL Limited trades at a price-to-earnings ratio of 35.8 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,768 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 42.8. Other multiples: P/B 10.6, P/S 7.4, EV/EBITDA 27.1.
How solid is the balance sheet of CRISIL Limited (CRISIL)?
Balance-sheet figures for CRISIL Limited (as of Nov 10, 2026): return on equity 29.1%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is CRISIL from its 52-week high?
CRISIL Limited trades at ₹4,390, about 9% below its 52-week high of ₹4,830 and 19% above the low of ₹3,690 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,768 is for.
Which stocks are comparable to CRISIL Limited?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CRISIL Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹4,390, calculated fair value ₹1,768 (−60%), Quality Score 68/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRISIL calculated?
We run CRISIL Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹1,768 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. CRISIL Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CRISIL Limited (CRISIL)?
The closing price on Nov 9, 2026 was ₹4,390. Our model-based fair value is ₹1,768, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CRISIL Limited right now?
The price sits above even our optimistic bull case (₹2,634). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹1,021 to ₹2,634) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of CRISIL Limited (CRISIL) come from?
Earnings per share at CRISIL Limited grew +10.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.0 %, EBIT margin +2.0 %, tax rate +0.8 %, residual (interest, one-offs) −2.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CRISIL Limited
How large is the market capitalisation of CRISIL Limited (CRISIL)?
The market capitalisation of CRISIL Limited is ₹321B (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CRISIL Limited (CRISIL)?
The price-to-sales ratio of CRISIL Limited is 7.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CRISIL Limited (CRISIL)?
Earnings per share at CRISIL Limited are ₹122.49 (price ÷ EPS = P/E 35.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CRISIL Limited (CRISIL)?
The dividend yield of CRISIL Limited is 1.5% (payout 52.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CRISIL Limited (CRISIL)?
The net margin of CRISIL Limited is 20.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CRISIL Limited (CRISIL)?
The return on equity (ROE) of CRISIL Limited is 29.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CRISIL Limited (CRISIL)?
On an EBIT basis the return on assets of CRISIL Limited is 25.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CRISIL Limited (CRISIL)?
The operating margin of CRISIL Limited is 23.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CRISIL Limited (CRISIL)?
Revenue at CRISIL Limited is growing +20.2% versus a year earlier (3y avg +9.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CRISIL Limited (CRISIL)?
Earnings per share at CRISIL Limited are growing +5.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CRISIL Limited (CRISIL) carry?
The net debt of CRISIL Limited is ₹2.2B (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 10, 2026