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CRISIL Limited (CRISIL) Fair Value & Analysis

Financial Services · IN · Market cap ₹329B (≈ $3.5B) · ISIN INE007A01025

What is CRISIL Limited really worth?

CL CRISIL Limited CRISIL · BSE
Price₹4,803
Fair Value₹1,362
Upside−71.7%
Quality69/100

A solid business, but trading 253% above our fair value of ₹1,362.

As of Aug 20, 2026, the fair value of CRISIL Limited is ₹1,362 per share against a price of ₹4,803, so the fair value sits 72% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +13.0 %/yr)
Highly profitable · 21.5% net margin
Low debt · generates free cash flow
Wide moat 88/100

For context

·1.23% dividend yield
Evidence: High Range ₹945.20 – ₹2,117

Fair value as of: Aug 20, 2026

From 13 valuation models · updated 17 days ago

Share price +7.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹2,117). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹945.20 to ₹2,117) 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.

Price vs Fair Value (5 years)

₹6,523 ₹1,717 Fair Value ₹1,362 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹1,717 – ₹6,523 · fair‑value band ₹945.20 – ₹2,117 · the ₹4,803 price screens above the ₹1,362 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

CRISIL Limited (CRISIL) currently trades at ₹4,803, while our model-based Fair Value estimate is ₹1,362, implying the stock looks roughly 252.7% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Financial Services sector. Bull case: the DCF Models group reads highest at a median of ₹1,834 per share, and 0 of the 13 models we run sit above the ₹4,803 price. Bear case: the Asset-Based group reads lowest at ₹277.92, and 13 of the 13 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, CRISIL Limited generated revenue of ₹34.8B at a net margin of 21.5%. Revenue grew 12.2% year over year. It earns a return on equity of 28.7%. The stock trades on a trailing P/E of 46.8. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹945.20 (bear case) to ₹2,117 (bull case); at ₹4,803, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −55% fair-value upside, at −72%, CRISIL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹29.78 per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
Growth DCF best evidence ₹1,275 ₹2,264 ₹4,036 75
Owner Earnings ₹1,533 ₹2,798 ₹5,079 73
Rev-Margin DCF ₹885.52 ₹1,449 ₹2,173 72
All 13 models by family
DCF Models
Owner Earnings ₹1,533 ₹2,798 ₹5,079 73
5Y P/E Exit ₹1,059 ₹1,811 ₹2,659 70
10Y P/E Exit ₹1,121 ₹1,834 ₹2,822 63
Earnings-Based
Graham-Dodd ₹712.27 ₹3,214 ₹4,407 64
Lynch FV ₹838.81 ₹1,198 ₹1,558 61
Dividend Discount
Gordon GGM ₹567.53 ₹1,239 ₹2,085 65
DDM Multi-Stage ₹567.53 ₹1,015 ₹1,291 66
Multiples
P/E Multiple ₹1,021 ₹1,362 ₹1,702 63
P/B Multiple ₹435.54 ₹580.72 ₹725.90 55
Asset-Based
NCAV (Graham) ₹207.40 ₹277.92 ₹414.80 54
Growth DCF
Growth DCF best evidence ₹1,275 ₹2,264 ₹4,036 75
Rev-Margin DCF ₹885.52 ₹1,449 ₹2,173 72
Economic Profit
Residual Income ₹688.75 ₹863.23 ₹3,539 64

Widest divergence: DCF Models (₹1,834) versus Asset-Based (₹277.92). Highest evidence: Growth DCF (75).

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Key figures & financial health

P/E ratio 46.8
P/S ratio 9.82 P/E × margin
EPS (TTM) ₹102.65 price ÷ EPS = P/E 46.8
Dividend yield 1.2% payout 57.5%
Net margin 21.0% FY2025
Return on equity 28.7% TTM
More key figures
Profitability
Return on assets (EBIT) 21.8% avg 5y
Operating margin 25.4% TTM
Growth
Revenue (TTM) ₹34.8B TTM
Revenue growth (YoY) +12.2% 3y avg +9.6%
EPS growth (YoY) +12.6%
Balance sheet & cash flow
Free cash flow ₹6.8B FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 62

Profitability 78
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CRISIL Limited, an analytical company, together with its subsidiaries, provides ratings, data, research, and analytics and solutions worldwide. It operates through two segment, Rating Services; and Research, Analytics, and Solutions.

Full company description

CRISIL Limited, an analytical company, together with its subsidiaries, provides ratings, data, research, and analytics and solutions worldwide. It operates through two segment, Rating Services; and Research, Analytics, and Solutions. The Ratings Services segment offers credit ratings for corporates, banks, and bank loans; credit analysis services; grading services; and analytical services. The Research, Analytics, and Solutions segment provides research and risk solutions, industry reports, customized research assignments, subscription to data services, independent equity research, initial public offering gradings, training, credit ratings for small and medium enterprises, and advisory services; and 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 98/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
₹36.5B
Latest YoY
+11.9%
Avg. revenue growth/yr (3Y) 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.
+9.6%
Avg. revenue growth/yr (5Y) 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.
+13.0%
Avg. revenue growth/yr (9Y) 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.
+10.0%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+17.7% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+16.5%
Dividend yield1.2%
Trend 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.5Y 16.5% vs 10Y 9.8%, picking up
Operating margin (EBIT) 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.19.7% (2020) → 26.2% (2025) · rising
Revenue +12.2%/yr
FY21 ₹23.0B
FY22 ₹27.7B
FY23 ₹31.4B
FY24 ₹32.6B
FY25 ₹36.5B
Net income +13.2%/yr
FY21 ₹4.7B
FY22 ₹5.6B
FY23 ₹6.6B
FY24 ₹6.8B
FY25 ₹7.7B

CRISIL screens 253% overvalued. Compare with S&P Global Inc →

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Cite: Fair Value Calculator (2026). "CRISIL Limited Fair Value". https://www.fairvalue-calculator.com/stock/CRISIL.BSE

Peer Group

Financial Data & Stock Exchanges · 53 stocks

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.

Quality Score 68 · Above median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 22% · Below median
Operating margin (TTM) 25% · Below median
Revenue growth 12% · Below median
Dividend yield (TTM) 1.2% · Below median

Valuation Multiples vs Financial Data & Stock Exchanges median · lower = cheaper

P/E (TTM) 46.8× · Pricier than 75% of peers
P/B 10.85× · Pricier than 75% of peers
P/S (TTM) 9.46× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 34.2× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
S&P Global Inc SPGI $435.39 $196.36 −55%
CME Group CME $285.80 $145.51 −49%
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Hong Kong Exchanges and Clearing Limited 80388 HK$360.20 HK$280.07 −22%
Deutsche Börse AG DB1 €291.20 €142.42 −51%
Nasdaq, Inc NDAQ $99.35 $41.12 −59%
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Frequently asked questions

Is CRISIL Limited (CRISIL) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹1,362 versus a price of ₹4,803, about −72% upside (overvalued).
What is the fair value of CRISIL?
Our model-based fair value for CRISIL Limited is ₹1,362 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹4,803.
What is the quality score of CRISIL?
CRISIL Limited has a Quality Score of 69/100. 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 ₹1,362 (as of Aug 20, 2026) from 13 valuation models. Cautious scenario ₹945.20, optimistic scenario ₹2,117. 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 ₹1,362, about −72% upside versus a price of ₹4,803 (overvalued). Cautious scenario ₹945.20, optimistic scenario ₹2,117. 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 ₹34.8B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of CRISIL?
The net profit margin of CRISIL Limited is about 21.5%, meaning it keeps roughly 21.5% of revenue as net income. Based on the latest reported figures.
Does CRISIL Limited pay a dividend?
CRISIL Limited currently shows a dividend yield of about 1.23% relative to its recent price (as of Aug 20, 2026).
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