Company Profile

Care Ratings’ wholly owned subsidiary -- CARE ESG Ratings (CareEdge-ESG) has received approval from the Securities and Exchange Board of India (SEBI) to function as a Category I ESG Ratings Provider (ERP). Having received the registration under the SEBI (Credit Rating Agencies) Regulations, 1999 on May 2, 2024, CareEdge-ESG will commence its environmental, social and governance (ESG) rating activity.

CareEdge-ESG is a premier ERP that envisions being the catalyst of change for a sustainable future with the most credible ESG assessments. CareEdge-ESG has built a comprehensive framework that sources its key indicators from domestic and global standards, tuned to India-specific context. CareEdge-ESG’s assessments are based on an evaluation of more than 700 data points. The assessment model is based on indicator-level materiality approach to defining weights.

Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.

Care Ratings is currently trading at Rs. 1204.00, up by 35.60 points or 3.05% from its previous closing of Rs. 1168.40 on the BSE.

The scrip opened at Rs. 1183.60 and has touched a high and low of Rs. 1225.00 and Rs. 1183.60 respectively. So far 3048 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1265.00 on 27-Feb-2024 and a 52 week low of Rs. 633.00 on 03-May-2023.

Last one week high and low of the scrip stood at Rs. 1229.20 and Rs. 1159.90 respectively. The current market cap of the company is Rs. 3606.10 crore.

The Institutions and Non-Institutions held 49.80% and 50.20% stake in the company respectively.

Care Ratings’ wholly owned subsidiary -- CARE ESG Ratings (CareEdge-ESG) has received approval from the Securities and Exchange Board of India (SEBI) to function as a Category I ESG Ratings Provider (ERP). Having received the registration under the SEBI (Credit Rating Agencies) Regulations, 1999 on May 2, 2024, CareEdge-ESG will commence its environmental, social and governance (ESG) rating activity.

CareEdge-ESG is a premier ERP that envisions being the catalyst of change for a sustainable future with the most credible ESG assessments. CareEdge-ESG has built a comprehensive framework that sources its key indicators from domestic and global standards, tuned to India-specific context. CareEdge-ESG’s assessments are based on an evaluation of more than 700 data points. The assessment model is based on indicator-level materiality approach to defining weights.

Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.

Care Ratings has received an approval for incorporation of wholly-owned subsidiary in GIFT City, Gujarat, subject to Regulatory approvals. The Board of Directors of the Company at their meeting held on March 19, 2024, has approved the same. The name of the wholly-owned subsidiary proposed to be incorporated is ‘CareEdge Global IFSC’ or any other name as may be approved by the relevant statutory authorities. The Company will invest Rs 30 crore as an initial equity share capital in the proposed company.

The proposed company will carry out the business of Global Scale Ratings of Securities, Sovereign Ratings, sub-Sovereign ratings, Research, and any other activity allowed by Regulators. The proposed company would require approvals from International Financial Services Centres Authority (IFSCA) and SEZ Authorities - GIFT City and any other Regulator as may be required. The incorporation of new company will be tentatively completed by June 30, 2024.

Care Ratings has emerged as the leading agency for covering many rating segments including manufacturing, infrastructure, financial sector including banks, non-financial services among others.